FuckyWucky [none/use name]

Pro-stealing art without attribution

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Joined 3 years ago
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Cake day: March 21st, 2023

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  • How about banning large corps from issuing shares abroad? Britain is too financialized. There is no need to pump more people’s money into shares.

    In her Mansion House speech to City leaders, Rachel Reeves is expected to consider cutting tax breaks for people parking their savings in cash ISAs, in a bid to encourage more investment in stocks and shares.

    People parking their savings in stocks doesn’t increase investments in real sector. In long run without a Government sector, increases in private profits comes from private investment financed by bank loans created from nothing (inside money).

    That applies to new equity (shares) as well, the money to buy newly issued shares (IPO) must come from retained earnings (which come from previous investments or govt deficit and is limited in amount), or bank money creation (which is constrained by bank’s willingness to lend).

    Funny how the land of Keynesian economics is now implementing the most braindead monetarist economic policies. Acting as if shuffling numbers around does anything.

    Edit: I believe the hope is that this will inflate the prices of shares, which can then be used as collateral to get loans for cheap from private banks. But then that money is unlikely to be used for real investment instead just speculation.





  • Farage is indistinguishable from current “Labour” Government in that they both support austerity. Which leftist is he trying to woo. He will kick out all the immigrants, then what? Will life improve? No in fact it’ll be worse.

    To pay for it, Farage is promising to end the government’s commitment to net zero, scrap diversity and inclusion schemes and stop housing asylum seekers in hotels or houses of multiple occupancy. Economists said his working was riddled with errors, such as including private sector investment as part of his calculation for how much he could save by ending environmental spending.

    Again, why should he “pay for” tax cuts? Does he fear being ousted like Truss even if he’s elected?

    “Reform’s economic plan means either an explosion in borrowing, pushing up mortgage rates or swingeing cuts in public services like the NHS,” Ashworth said. “Given this is terrain Labour want to fight an election on, Reform have just walked into a trap and Labour strategists will be rubbing their hands with glee.’

    Yes blow up the borrowing. As for mortgage rates, build public housing.

    Of course, none of them are going to do anything. Not even the Greens or SNP or whatever, they are all afraid of the market gods.