Blah Blah Wrote: ------------------------------------------------------- > Those earning over 80k are just 10%, so not really > a vote loser that one. The other two affect far > more people and definitely are vote losers. It > comes back to this culture we have of seeing tax > as bad and expecting lower variations of it AND > better public services. Something will have to > give sooner or later, to pay for adult social care > and other looming crisis. And while Corbyn may not > be the solution, a debate absolutely needs to be > had and won around tax and spend that focuses on > better overall outcomes and not the 'what's in it > for me' mantra that dominates free market > political debate. > > Just back on the points above around > nationalisation. There is no reason to think > whatsoever that nationalisation today will > resemble anything that existed in the 70s and > before. There is a big difference between state > owned companies trading in a global free market > and state owned monopoly that shuts out any > competition. One of the myths of the left around > the EU for example has been that members states > can not renationalise a company, when actually it > is the monopolisation of a sector that is against > EU rules. So whilst I take on board the points > about workers ownership, incentivisation and > unions made above, it also has to be pointed out > that the opposite of that, wage suppression, zero > hours contracts, and tax avoidance on profits sent > offshore, also have consequences that are bad for > the economy. We need to pull back from that too. This makes total sense. People want more in their pocket and more investment in Infrastrure, police NHS services etc but don't see the correlation. The real issue it the wasting of money - how spend is prioritised, how it is monitored and controlled (Garden Bridge for example, Crossrail). Nationalisation would mean that funding can be reinvested rather than syphoned off to private investors and would mean that the priorities of the companies are no longer to make money for shareholders but to run a service.