Originally Posted by Tassium:
“It's basically about the transfer of people assets to the private sector.
I mean, selling homes and raiding pension funds etc etc. to fund such things as education and care.
When I look at the 40% poll rating for the Conservatives, propped up by home-owning middle-class folk with children and elderly parents, I wonder why they don't object.”
Because most people realise that government can't spend what it hasn't got, and since the financial sector collapsed, taking the tax take down with it , government's income hasn't met needs anywhere. Most voters also s know what happens if you start a habit of overspending on credit.
And behind that there's two , less obvious issues.
You can't sustain demands for health care and social care growing at 4% a year in any economy thats only growing at 1-2% a year. The infirm ederly will eat the whole economy eventually. The demand either can't be met, or it will take private capital or spending , being diverted, to do it.
And you now can't raise taxes on the better off, or business - to channel money into the unproductive areas like health and care. Taxing business just drives down growth and employment and the tax take - at no time more than when you need to incentivise any large business to still stay here - post brexit. . And taxing the better paid just isn't possible when the recent increase in the work force has come in specilaised services - that depends on those better paid workers for their jobs. You would just destroy many of the new niche service jobs, and still have to import more immigrants to do the poorly paid care jobs, no one here wants to do, or lives in the right areas to do..