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we actually need growth. It may be counter intuitive, but we need investment. -
This is to conflate household budgets with government budgets. They are very different things a large part of the anger felt across the country is the decline in public services after a decade and a half of austerity. You cut more you get more ugly anger Of course people need to be persuaded to pay more - but that is only realistic path. You cut more you will find out the hard way -
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By Earl Aelfheah · Posted
I think one could argue that degrading public services / infrastructure is what's led to our current, slow economic decline. We've spent 14 years trying austerity, and it's proven counter productive to growth and productivity. A successful economy and society needs good transport, education and early intervention health care. On taxes, it depends how you target them. Tax funded spending may be a positive fiscal multiplier. Taxes on work aren't great, or when they hit the poorest (who tend to spend most of what they earn, boosting economic activity). We need a well designed wealth tax (on idle assets), and stronger measures to target avoidance.
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