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Sharing The Proceeds Of Deflation

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Isn't deflation the purest way for a trickle down wealth effect to work? Thanks to economic growth, the things people need to buy become cheaper relative to their earnings.

Should Red Ed be proposing lowering the inflation target to a symmetric 0% to help the working poor?

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Isn't deflation the purest way for a trickle down wealth effect to work? Thanks to economic growth, the things people need to buy become cheaper relative to their earnings.

Should Red Ed be proposing lowering the inflation target to a symmetric 0% to help the working poor?

Which is why the powers that be will never allow deflation to occur.

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Isn't deflation the purest way for a trickle down wealth effect to work? Thanks to economic growth, the things people need to buy become cheaper relative to their earnings.

Should Red Ed be proposing lowering the inflation target to a symmetric 0% to help the working poor?

The last Labour Government, of which Ed was an important part, deliberately tried to hurt the working poor: 10% income tax rate, house prices +300% to make it impossible for most workers to afford to buy without mad debt levels, free immigration, disincentives to work due to benefits, reduction of educational standards in order to prevent working class kids from progressing, off-shoring of volume jobs in manufacturing and call centres, encouragement of cheap imported goods from autocratic and slave labour economies, etc, etc.

Labour don't want to create jobs, they want a dependent underclass that always votes for them, encouraged by a sycophantic champagne socialist media.

Edited by mikthe20

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The last Labour Government, of which Ed was an important part, deliberately tried to hurt the working poor: 10% income tax rate, house prices +300% to make it impossible for most workers to afford to buy without mad debt levels, free immigration, disincentives to work due to benefits, reduction of educational standards in order to prevent working class kids from progressing, off-shoring of volume jobs in manufacturing and call centres, encouragement of cheap imported goods from autocratic and slave labour economies, etc, etc.

Labour don't want to create jobs, they want a dependent underclass that always votes for them, encouraged by a sycophantic champagne socialist media.

I fully agree, but now they've been slung out, it would be nice if they reinvented themselves in a way that genuinely offered something different.

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It would be lovely, although I'd find it very hard to believe them.

And I agree regarding deflation. Before the bailouts we were headed for a much needed period of deflation, which Labour (and pretty much all the politicos) fought against as hard as they could.

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Isn't deflation the purest way for a trickle down wealth effect to work? Thanks to economic growth, the things people need to buy become cheaper relative to their earnings.

Should Red Ed be proposing lowering the inflation target to a symmetric 0% to help the working poor?

To help the working poor, you need to take less of their income in tax, be it direct or indirect.

You also need to stop paying greater benefits to those who are not working, but are able, using benefits, to bid up the prices of the things that the working poor are trying to buy.

Better still, a progressive income tax and progressive land tax, helps re-distribute wealth by putting a greater burden on those at the top end of society. A closing of the deliberately put in loopholes surrounding inheritance tax would do wonders as well, because land cannot be passed down seamlessly from generation to generation without a deliberate loophole and the connivance of those in power.

Deflation, by itself, isnt that likely to work, as the working poor are likely to find themselves becoming the unworking poor as a result of it.

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I fully agree, but now they've been slung out, it would be nice if they reinvented themselves in a way that genuinely offered something different.

I'd love them to do that too. But they need to get out of the denial phase. And they then need to publicly acknowledge and apologise. And that also means jettisoning the perpetrators - Balls in particular, and pretty much anyone who was a main cabinet member in the last administration. The fact that Balls was appointed shadow chanceller demonstrates that they aren't even close to acknowledging their failings, and therefore they still have no clue how to truly, and over the long term, help the "working poor" as the OP put it.

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I'd love them to do that too. But they need to get out of the denial phase. And they then need to publicly acknowledge and apologise. And that also means jettisoning the perpetrators - Balls in particular, and pretty much anyone who was a main cabinet member in the last administration. The fact that Balls was appointed shadow chanceller demonstrates that they aren't even close to acknowledging their failings, and therefore they still have no clue how to truly, and over the long term, help the "working poor" as the OP put it.

It doesn't matter though, Balls will be next PM or Chancellor, the tiny fake cuts made by the current government will ensure they will be voted out pretty quickly.

Especially as magical free money* will be offered by Labour come next election.

*Magical free money to those who receive it via the printing presses.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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