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SleepyHead

Why Don't The Politicians Get It?

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They keep spending printed money supplied by the BofE gilt purchases, then seem surprised that prices rise

Genuine question. Why can't they see it? It's not that hard.

  • 'Childcare subsidy for working parents to be increased' ---> Childcare costs rise
  • Winter fuel payment ---> rocketing energy bills
  • Cheap mortgages ---- rocketing housing costs
  • Increased student loans ---> University tuition fees increase.
  • Housing benefit ----> increasing rents.
  • etc...
  • etc...
Edited by SleepyHead

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They keep spending printed money supplied by the BofE gilt purchases, then seem surprised that prices rise

Genuine question. Why can't they see it? It's not that hard.

  • 'Childcare subsidy for working parents to be increased' ---> Childcare costs rise
  • Winter fuel payment ---> rocketing energy bills
  • Cheap mortgages ---- rocketing housing costs
  • Increased student loans ---> University tuition fees increase.
  • Housing benefit ----> increasing rents.
  • etc...
  • etc...

Because a lot of the time the politicians are on the receiving end of the money?

Housing benefit ----> Landlords

Winter fuel -----> Energy/Utilities Rentiers

..and so on.

Just follow the money. There will be a Tory at the end of the money trail.

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They keep spending printed money supplied by the BofE gilt purchases, then seem surprised that prices rise

Genuine question. Why can't they see it? It's not that hard.

  • 'Childcare subsidy for working parents to be increased' ---> Childcare costs rise
  • Winter fuel payment ---> rocketing energy bills
  • Cheap mortgages ---- rocketing housing costs
  • Increased student loans ---> University tuition fees increase.
  • Housing benefit ----> increasing rents.
  • etc...
  • etc...

.. the Welsh government giving people grants of £1,000 to have satellite broadband installed, which would normally cost in the region of £200, but curiously enough, in that scheme in Wales, cost around £1,000...

The possibilities that immediately spring to mind are:

- Ineptitude borne from the desire to be "seen to be doing something"

- Short termism and tick-box amateur government

- Rising prices are actually part of the objective - boosts GDP overall

- Stuck between the proverbial rock and hard place in so far as if the monetary system fails, the country falls to bits, so you'll observe that most of the government "schemes" since the coalition came to power are debt-pimping schemes.

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They keep spending printed money supplied by the BofE gilt purchases, then seem surprised that prices rise

Genuine question. Why can't they see it? It's not that hard.

  • 'Childcare subsidy for working parents to be increased' ---> Childcare costs rise
  • Winter fuel payment ---> rocketing energy bills
  • Cheap mortgages ---- rocketing housing costs
  • Increased student loans ---> University tuition fees increase.
  • Housing benefit ----> increasing rents.
  • etc...
  • etc...

The more they can increase costs e.g. housing, then the more hours people have to work to be able to rent/buy one. The more hours they work, the more taxes they pay the government.

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The shower we have in parliament are not aware of any existence outside of their own insular and highly privileged lives.

The things you speak of make no sense to them and they really do not care about the economy in the way that we can, simply because they exist outside of the day to day drudgery that is survival in modern day Britain for the vast majority of us.

The fact that vital services ( which they don't use) and other costs of living ( which is meaningless to multi millionaire political careerists) have become unsustainable mean nothing to them, why should it?

They have never had to "work", all they know is public school of choice (usually Eaton) - >top uni (paid for by daddy) political course -> job in Westminster and the gravy train.

No politician today enters into politics to actually do something to improve the country in the long term, they exist simply to rinse it for as long as they possibly can, name one MP lately that is seriously putting themselves and their careers on the line for a policy that deals with issues and solves pressing social problems outside the 5 years their particular team is in "power"?....I won't hold my breath.

Edited by JustAnotherProle

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Just follow the money. There will be a Tory at the end of the money trail.

Incorrect. A banker will be at the end of the trail, and these days his/her intermediaries are as likely to be Labour, UKIP, Libdem or Tory.

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Polticians do get it. UK politics is owned by the City of London. Since bankers make a living by creating debt and diverting income away from workers and capitalists (businesses) to service it, the UK economy is set up to favour their interests over all others.

.

Edited by zugzwang

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Polticians do get it. UK politics is owned by the City of London. Since bankers make a living by creating debt and diverting income away from workers and capitalists (businesses) to service it, the UK economy is set up to favour their interests over all others.

.

+1 agreed.

How can they not see the chaos it's causing though? It's destroying all good behaviour. The bad and reckless are prospering everywhere. Social collapse on it's way IMO.

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Prices aren't actually rocketing. But there are price rises owing to subsidies.

It all comes out in the wash without wage inflation. 75% of the increase in employment since 2009 has been in self employment, and the returns to the self employed have decreased by about 20%.

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+1 agreed.

How can they not see the chaos it's causing though? It's destroying all good behaviour. The bad and reckless are prospering everywhere. Social collapse on it's way IMO.

The real problem is that technological advances mean that the rich will soon not need to fear the poor.

The only period in history when the poor and middle classes have improved their lot significantly was the 20th century following two horrendous world wars and some bloody peasant revolutions, a period when the rich feared the poor. Now humans are just returning to type.

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+1 agreed.

How can they not see the chaos it's causing though? It's destroying all good behaviour. The bad and reckless are prospering everywhere. Social collapse on it's way IMO.

.....bad behaviour winners.......have to say seeing far more of that, especially with the people in positions of responsibility, people who should know better but either deny they are doing wrong, or blame anything or everything as to why they do the things that they do. :huh:

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The real problem is that technological advances mean that the rich will soon not need to fear the poor.

Why not? There are riots in London every decade, and the get more violent every time. I wouldn't want to be there next time.

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What dismays me is that, unlike winter fuel payments, this childcare subsidy, student loans and help-to-by rise automatically with an increase in the underlying cost, so we have a price spiral built in. Moreover, the population will soon be unable to function w/o these subsidies, so the are baked into our economic futures.

Obviously at some point help-to-buy and student loans will have to be written off. But by the time we get there the public finances will have been further beaten up by what is now a new and permanent benefit: childcare subsidy.

How can it be an "austerity" government has not only grown the national debt from ~£900bn (nov 2010) to ~£1,250 bn in four short years, but has also embarked on its own spree of benefits creation?

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+1 agreed.

How can they not see the chaos it's causing though? It's destroying all good behaviour. The bad and reckless are prospering everywhere. Social collapse on it's way IMO.

Agree about the City of London. Done a bit of digging around about the City of London and it makes sense. The allocation of election votes seems to ensure that the MP's are chosen etc. Is it true that the Remembrancer sits in the House of Commons unelected to look after the interests of the bankers in COL?

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"Although commercial banks create money through lending, they cannot do so freely without limit. Banks are limited in how much they can lend if they are to remain profitable in a competitive banking system"

http://www.bankofeng...14/qb14q102.pdf

Unless the banks come up with a way of shifting their loan book "off balance sheet"..... via securitization etc ... then they can repeat over and over again.

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The real problem is that technological advances mean that the rich will soon not need to fear the poor.

The rich are by far the biggest consumers of poor people's labour. The lifestyles of the rich are absolutely dependent on the continued compliance of poor people.

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The rich are by far the biggest consumers of poor people's labour. The lifestyles of the rich are absolutely dependent on the continued compliance of poor people.

This is one of the reasons we have so much debt, someone in debt has to fear for their job, lose their job and it is quite easy to become destitute quickly. It is also another reason for workfare, can't have people making the decision to sit at home and do nothing yet still be able to survive.

More and more people are working out how the system works and is totally rigged. This is why you are seeing more riots. Given the advances of technology and how monitored we are riots may not be the answer, non-violent protests may be the way to go. Things like the young refusing to go to university in droves, not leaving any of your money in the bank, always use cash,voting for anyone but the main three parties at any election.

We can only hope that Scotland gets independence and they have a fairer system to show what a shower our politicians are. I am not betting on it, but if they pulled it off things will get very interesting very quickly. How quickly will a border wall/fence go up, to stop people going north. If you live in the north of England close to the border and can get a job up there, I can't see why you wouldn't.

How about Northern counties holding referendums to join Scotland. Lets see how long London the wonder of the modern world copes on its own.

Has anyone said what happens to the Scottish Land owned by the aristocracy ?

Edited by Ulfar

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The rich are by far the biggest consumers of poor people's labour. The lifestyles of the rich are absolutely dependent on the continued compliance of poor people.

For now.

Until the robots are ready and the financial system breaks.

After that they won't need the poor, just mechanical servants, the poor will be unnecessary consumers of resources.

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+1 agreed.

How can they not see the chaos it's causing though? It's destroying all good behaviour. The bad and reckless are prospering everywhere. Social collapse on it's way IMO.

Prison sentences for Facebook postings "inciting violence".

Proposals for nationwide water cannons for the Police.

They know this.

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