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Labour Cost Of Living Crisis

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Just hearing on the news Labour have realised we are having a cost of living crisis.

I wonder which party in the past decade helped trigger this crisis?

Answers on a post card.

Although we appear to be getting more "free childcare" to be paid for by the bankers.

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They just can't cope with talking about housing costs can they? It's like blasphemy to their religion

I'll never vote for any of the three main parties again, no matter what they say.

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On the one hand, Labour is campaigning on doing something about the cost of living, but their entire economic strategy is built on the idea that the government should be borrowing more money because interest rates are so low right now -- not withstanding the fact that the cost of living is going up because governments have mandated low interest rates.

Are they just really cynical or really stupid?

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It's not just Labour. On the Daily Politics, Andrew Neil was tying some junior minister in knots over whether he would welcome higher interest rates as the economy improves. He finally found an escape route by saying it's up to Carney so isn't his/their problem.

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Labours plan: Give printed money to the poor to offset the inflation caused by printing money to give it to the poor.

Am I missing something?

Oh yeah, its a zero sum game, but a typically labourite bureaucratic zero sum game that will allow them to hire a few hundred thousand non-jobbers labour voters skilled hardworking family types and also convince the poor the government is giving them something for nothing whereas it is in fact taking back in one hand what it gave in the other.

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Never ascribe to malice that which can be explained by incompetence.

Sure, but do you honestly (honestly?) believe that Blair/Brown were just incompetent?

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On the one hand, Labour is campaigning on doing something about the cost of living, but their entire economic strategy is built on the idea that the government should be borrowing more money because interest rates are so low right now -- not withstanding the fact that the cost of living is going up because governments have mandated low interest rates.

Are they just really cynical or really stupid?

No, but they know the kind of people these policies will appeal to are.

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Labours plan: Give printed money to the poor to offset the inflation caused by printing money to give it to the poor.

Am I missing something?

Oh yeah, its a zero sum game, but a typically labourite bureaucratic zero sum game that will allow them to hire a few hundred thousand non-jobbers labour voters skilled hardworking family types and also convince the poor the government is giving them something for nothing whereas it is in fact taking back in one hand what it gave in the other.

I think you must mean :-

Give printed money to the poor to offset the inflation caused by printing money to give it to the rich.

If that's what you meant, agreed.

Labour are the biggest joke of the lot, enslaved by both unions and banksters they rob the poor while trying to hide it. The other parties rob the poor but at least don't pretend to represent them.

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Labours plan: Give printed money to the poor to offset the inflation caused by printing money to give it to the poor.

Am I missing something?

Oh yeah, its a zero sum game, but a typically labourite bureaucratic zero sum game that will allow them to hire a few hundred thousand non-jobbers labour voters skilled hardworking family types and also convince the poor the government is giving them something for nothing whereas it is in fact taking back in one hand what it gave in the other.

Yes that Labours great plan.Print the extra benefit spending to create inflation that pulls those workers just above benefits level into benefits level.

Rentiers can increase prices to make up for it.

Only losers are working people and ex workers on fixed rate pensions.So the labour party set up to make sure workers got decent wages and increasing living standards is now the main reason said living standards for workers keep falling.

None of the parties have anything to say for 80% of the population.

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Guest eight

Yes that Labours great plan.Print the extra benefit spending to create inflation that pulls those workers just above benefits level into benefits level.

Rentiers can increase prices to make up for it.

Only losers are working people and ex workers on fixed rate pensions.So the labour party set up to make sure workers got decent wages and increasing living standards is now the main reason said living standards for workers keep falling.

None of the parties have anything to say for 80% of the population.

Well if they cut their links with the unions, what is the point of them? They're supposed to be the political wing of the union movement after all.

I think the problem is that the "working" (as in full time, private sector) population doesn't represent a critical voting mass any more. I wouldn't be surprised if there are only about 5M net taxpayers in the country. I'm certainly not one. Wouldn't like to be one right now either.

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Sure, but do you honestly (honestly?) believe that Blair/Brown were just incompetent?

Nope, delusional and borderline insane as well.

The credit bubble was a result of Brown's delusional belief that he was an economic genius who'd managed to end boom and bust, likewise the destruction of the public finances was a result of the belief that the bubble would last forever.

Tax credits were mostly sheer bloody incompetence.

Iraq was a result of Bliars delusional belief that he was teh messiah who could invade Iraq without killing anybody and somehow magically transform it into a smiling multicultural pro-western new labour type of country.

Immigration was a result of Bliar's belief that he could refashion the country into a completely new multicultural society of his own imagining.

Plenty of sheer incompetence mixed in as well.

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Well if they cut their links with the unions, what is the point of them? They're supposed to be the political wing of the union movement after all.

I think the problem is that the "working" (as in full time, private sector) population doesn't represent a critical voting mass any more. I wouldn't be surprised if there are only about 5M net taxpayers in the country. I'm certainly not one. Wouldn't like to be one right now either.

I think your right and that's why we see underneath a crisis in the Labour party.Their last government seemed to panic over this and their answer was to buy votes with welfare.

It will be interesting to see how it plays out.The right has UKIP to worry about or move to, but the left doesn't seem to have anywhere to go.

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Well if they cut their links with the unions, what is the point of them? They're supposed to be the political wing of the union movement after all.

I think the problem is that the "working" (as in full time, private sector) population doesn't represent a critical voting mass any more. I wouldn't be surprised if there are only about 5M net taxpayers in the country. I'm certainly not one. Wouldn't like to be one right now either.

Private sector workers number about 25 million...

If you got half of those to actually go out and vote for you, you'd have a landslide majority forever.

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I think the problem is that the "working" (as in full time, private sector) population doesn't represent a critical voting mass any more. I wouldn't be surprised if there are only about 5M net taxpayers in the country. I'm certainly not one. Wouldn't like to be one right now either.

More to the point the majority of the working population abandonned Labour in 1979 when it became clear that they stood for the interests of the union barons and their destructive political agenda rather than the interests of the ordinary working man.

Since then they've carved a constituency out of a metropolitan elite brought up on a diet of fashionable socialism, an unreformed bloated public sector still living in the 1970s and a vast swathe of welfare claimants.

Working men, who needs them?

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On the one hand, Labour is campaigning on doing something about the cost of living, but their entire economic strategy is built on the idea that the government should be borrowing more money because interest rates are so low right now -- not withstanding the fact that the cost of living is going up because governments have mandated low interest rates.

Are they just really cynical or really stupid?

..stupid ..just robbing Peter to pay Paul...say they'll charge the bankers to satisfy the emotive financial inept...and the savers are paying for the low interest rates ...why do Labour campaign with the idiots who trashed us in the first place ....?... :rolleyes:

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Guest eight

More to the point the majority of the working population abandonned Labour in 1979 when it became clear that they stood for the interests of the union barons and their destructive political agenda rather than the interests of the ordinary working man.

Since then they've carved a constituency out of a metropolitan elite brought up on a diet of fashionable socialism, an unreformed bloated public sector still living in the 1970s and a vast swathe of welfare claimants.

Working men, who needs them?

That's what I've never got about Labour, this duality at their core. I would have thought that (mainly) northern collectivist industrial workers and (mainly) southern ultra-liberal intellectual Guardianista types would have been chalk and cheese, or at least uneasy bedfellows. Ironically it was the latter type that drove them to their most successful (if judged purely in electoral terms - it wasn't too great for the residents of their safe seats in the hinterlands) period in office.

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Guest eight

Private sector workers number about 25 million...

If you got half of those to actually go out and vote for you, you'd have a landslide majority forever.

The only person in history probably to come even close to this was Maggie - a Tory.

Edited by eight

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I think you must mean :-

Give printed money to the poor to offset the inflation caused by printing money to give it to the rich.

If that's what you meant, agreed.

Labour are the biggest joke of the lot, enslaved by both unions and banksters they rob the poor while trying to hide it. The other parties rob the poor but at least don't pretend to represent them.

I think labour have learned *a little* since they are now talking about pre-distribution. That is, that the average-to-poor should get a larger share of the cake via work, instead of almost all of the economic benefits of productivity going to a tiny minority. It's a heck of a lot of a better idea than redistribution via taxation.

They need to grasp the idea of tackling things from the other side too though..... Neutering the economic speculators, parasites, and rentiers.

Either way I think I'll be voting for the greens. LVT, citizens income, and non-debt based money. I can't see any other party offering those. If they don't put up a candidate in my seat then I'll be drawing a little box, writing none of the above next to it, then putting my X in it.

Edited by alexw

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That's what I've never got about Labour, this duality at their core. I would have thought that (mainly) northern collectivist industrial workers and (mainly) southern ultra-liberal intellectual Guardianista types would have been chalk and cheese, or at least uneasy bedfellows. Ironically it was the latter type that drove them to their most successful (if judged purely in electoral terms - it wasn't too great for the residents of their safe seats in the hinterlands) period in office.

As people like Caroline Duffy would vote Labour even if they get insulted by them, then it is not surprising that it wasn't great for the residents of their safe seats.

People like that deserve to be badly treated.

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I think labour have learned *a little* since they are now talking about pre-distribution. That is, that the average-to-poor should get a larger share of the cake via work, instead of almost all of the economic benefits of productivity going to a tiny minority. It's a heck of a lot of a better idea than redistribution via taxation.

They need to grasp the idea of tackling things from the other side too though..... Neutering the economic speculators, parasites, and rentiers.

I caught this speech on TV. He also made mention of builders' land hoarding and putting an end to it. Surprised that hasn't been mentioned on this thread actually.

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I think labour have learned *a little* since they are now talking about pre-distribution. That is, that the average-to-poor should get a larger share of the cake via work, instead of almost all of the economic benefits of productivity going to a tiny minority. It's a heck of a lot of a better idea than redistribution via taxation.

They need to grasp the idea of tackling things from the other side too though..... Neutering the economic speculators, parasites, and rentiers.

Either way I think I'll be voting for the greens. LVT, citizens income, and non-debt based money. I can't see any other party offering those.

Pre-distribution, as proposed by Labour, is a smokescreen. The only way to do that is through supply-and-demand. During their time in power, Labour had an open door policy for low-skilled labour to enter the country (anything to keep inflation and the cost of living down, as they said at the time). The most direct effect of boosting the supply of low-skilled labour is to decrease wages for low skilled labour (and, as 85% of non-white voters vote for Labour, it also boosts Labour's vote count). What they did while in office makes a complete mockery of the idea of pre-distribution.

Similarly, the idea of a citizens income might sound good, but as long as the UK allows high levels of immigration, it's essentially a guaranteed income for the entire world (or at the very least, for the entire EU, and I haven't heard the Greens talking about withdrawing from the EU). Hardly sustainable that.

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LVT, citizens income, and non-debt based money.

Just curious but has any country ever successfully implemented any of those policies?

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LVT, citizens income, and non-debt based money.

+1

It won't happen, but we can dream.

Just curious but has any country ever successfully implemented any of those policies?

Debt based monetary systems are very recent (post second world war really). The NMW, child benefit, WTC et al. are just short of a citizen's income.

IMO anything is better than what we have now. Where a minority (1%) flourishes from the labor-saving gains provided by technology while preserving their wealth to avoid the debasement of the currency.

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