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UK households set for largest fall in living standards in six decades

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Re: UK households set for largest fall in living standards in six decades

#61

Earlier quoted context omitted.

One solution is to tax wealth rather than income. That should be popular...

Also known as "theft"

No, also known as "tax". Original taxes were always on wealth rather than income. We should go back to that.

Re: UK households set for largest fall in living standards in six decades

#63
post #26

This is 100% caused by the anti-Russian sanctions policy, yet not a single comment on this thread so far has even mentioned the sanctions and tried to engage in a reasoned debate about whether the economic costs paid by Europe (and especially the energy insecure nations within the EU) were worth whatever moral good boy points the sanctions buy us. Some have suggested the sanctions help Ukraine, but haven't articulate…

It is amazing that in March the media was gleefully writing obituaries for the Russian economy.

In the end when Putin told us our sanctions were stupid and would hurt ourselves more than Russia it turned out that the bluster was on our side.

Re: UK households set for largest fall in living standards in six decades

#65

Earlier quoted context omitted.

One solution is to tax wealth rather than income. That should be popular...

Also known as "theft"

There was a tax measure on the ballot here in California and the argument against was "taxes are theft from people who probably have better use for that money"

The measure passed easily.

Re: UK households set for largest fall in living standards in six decades

#66

brexit. Everyone in the media try to ignore the elephant in the room. But, brexit. I know several companies who are winding down, because they can't export. Just too much trouble and money. It is everywhere, and nobody talks about it. brexit.

Poor trade relations is a big drag on the UK economy. If you can’t plan you can’t invest.

I’m hoping the UK joins the United States. We’ve already started to merge our military industrial base and have a long, shared history. Maybe they would receive preference for US LNG/coal shipments too as a result.

Re: UK households set for largest fall in living standards in six decades

#68
post #26

This is 100% caused by the anti-Russian sanctions policy, yet not a single comment on this thread so far has even mentioned the sanctions and tried to engage in a reasoned debate about whether the economic costs paid by Europe (and especially the energy insecure nations within the EU) were worth whatever moral good boy points the sanctions buy us. Some have suggested the sanctions help Ukraine, but haven't articulate…

Do you have any sources showing how the Russian economy is growing?

Re: UK households set for largest fall in living standards in six decades

#69
post #56
post #26

This is 100% caused by the anti-Russian sanctions policy, yet not a single comment on this thread so far has even mentioned the sanctions and tried to engage in a reasoned debate about whether the economic costs paid by Europe (and especially the energy insecure nations within the EU) were worth whatever moral good boy points the sanctions buy us. Some have suggested the sanctions help Ukraine, but haven't articulate…

I just can't help but think there's some truth in the conspiracy theory I read on twitter from Kim Dotcom... this Ukraine war is an awfully convenient way for the US to completely decouple and destroy Europe and Russia. Which is a massive win for... the US. Who definitely didn't do much to PREVENT this war at any point. I don't think this was necessarily 100% intentional, but it definitely seems like an energy indepe…

The war was and is caused by exactly one party, and that's Russia.

Re: UK households set for largest fall in living standards in six decades

#70
post #30

I'll get downvoted for this, but this isn't true if you're one of the two protected classes in the UK: pensioners or welfare recipients. Both will see their income rise with inflation. If you're working then, sure, you're getting screwed as always because after just spending billions locking down the economy to saving boomers from Covid, this year we decided to spend billions bailing out boomers pensions, paying for…

Agreed.
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