Shortly the chancellor of the exchequer will do a budget in which she's expected to cut a wide range of benefits and allowances and generally try and balance the books by taking from the poor to give to the rich.
Rachel the reverse Robinhood.
They won't call it Austerity, because that name is poisoned and they promised not to do anything called that, but that's what it is.
It won't work.
Duh.
Making the poor masses poorer reduces spending in the economy, which reduces government receipts, and makes the deficit bigger not smaller.
Austerity never works. Can't work.
If balancing the books matters it really needs to be done by taxing the rich to spend on the poor, so that the poor spend the money into the economy and grow the economy to increase the government receipts.
The rich end up with the money anyway, once the poor spend it. They always do.
Cutting from the poor to avoid taxing the rich just means more money goes into overseas tax havens and into pumping up the untaxed prices of assets for the rich. No growth, except in asset prices and the hordes of the owner class.
You'd hope a left wing government would get this, but of course Starmer's Labour aren't a left wing government, they are just more tory.
#ukpol #budget #taxWealthNotWork
Adam Dalliance /
npub1qf…4krlh
2025-03-26 12:16:53
Author Public Key
npub1qfz7cekytd4lg7j25hvxhlpp6qc7xgwltmperpqfu7flk53lssvss4krlhPublished at
2025-03-26 12:16:53Event JSON
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