Quote:
Originally Posted by Matt 26z
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What happens if the poor are the ones running up the debt and the rich the only ones who can keep the debt down?
The money the Bankers borrowed is being repaid by the Bankers in the profits they make. Austerity means cutting back on the debt.
You highlight why Labour will lose big time in the coming election. You still think it's pre-industrial revolution when a man's labour was a major factor in the finances of a country. today only the top 20% are able to pay enough taxes to keep the country from going bust. The higher one goes up the percentile ladder the more contribution they make to paying the bills the people demand.
Communism tried to create a system where everyone was more equal, it failed because people aren't equal and they should be rewarded for their effort. Today the problems are worse because the people demand cheap goods made by near slave labour, rather than pay their fellow countrymen a living wage.