generic-user-1 said:
bonzobanana said:
generic-user-1 said:
bonzobanana said:
You look at some of the creditors for Greece and you see many of them have their own huge debts. The net contributor to many economies seems to be China so what happens when ultimately we can't pay back China. There not known for their fair play or honest behaviour. They are not a democracy.
So much debt going around the world but in the detail there are only a few countries without any real level of debt themselves.
Everyone wants to live a fantastic life with great health care, decent policing, benefits for all even if the country itself can not earn the level of money to pay for it.
Surely better to live within your means and prioritise what is important. I.e. don't tax food, healthcare, education, service sector etc but do tax heavily luxury items and non essentials.
People should understand that a well run successful economy is the only way their lives can be improved not through debt. |
so we should be fine with historic low taxes for the 1%ers and less and less social benefits for the rest?
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Surprised you would reply with a comment like that to my text but no I'm not against taxing the rich higher, my point is a country should live within its means so once you have collected all the tax etc that is the pot of money you get to spend. Otherwise you just burden future generations with poverty as they have to pay off our debts which is incredibly unfair to them.
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i dont know any country that went broke because of social benefits. the whole western debt debacle is a taxation problem, and our bad growth too. the debt has risen because the tax for the 1% was lowered and lowered. the uk had 95% income tax for the top 1% till the 70s, now they have 50% and a lot of loopholes...
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It's 1% to blame they control the banking cartel which in turn own the oil companies...which our whole economy is based a zero sum gain energy system throw in the fiat currencies that banking cartels implemented. The system is flawed and designed to fail, so new world order can be formed.
