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Has anyone put this argument to any radio stations (FP?) or Politicians?

We all earn a salary and a proportion of our salary goes on buying things that help businesses survive (high street shops).

Well with high house prices, more of our salary goes on paying a mortgage (more money to the seller and more interest to the banks).

Effectively any spare money we would spend on the high street (or put in a pension or both) is now being given to the seller

and the banks. This removes our purchasing power. And thus, the high street suffers and the banks gain!

Now you could say that the seller now has more money to buy high street goods, but how many CD's/DVD's, DVD Players etc

will that person buy. 1 of each most likely. Whereas 2 of each may have been the situation had prices not shot up to ridiculous

levels.

End of the day, BANKS WIN!

Now please add anything to this argument, or indeed shoot me down in flames!

Edited by OzzMosiz

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Our entire economy is based around funneling most of the wealth to the banks: it's a bit late to complain about that now.

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Presumably Banks pay a lot of money in taxes which helps the economy

I bet they can work their way round paying the norm.

So instead of multiple business benefitting from someones spending, the banks benefit the most.

Poor others businesses. Never mind there!

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The banks take your mortgage money ~ and lend it out again in loans and credit cards so everyone can keep on spending. It's a virtuous circle.

If they make any profit, it goes to the shareholders, usually pension funds.

:)

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uh? Can you explain?

It was a guess.

All our money primarily originates from government debt.

The taxes we pay partly go to pay interest on this debt.

We also pay the invisible tax of inflation to the bank/government.

I don't have any specific numbers but there's no doubt

in my mind the government/banking complex is taking more

than its giving back.

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It was a guess.

All our money primarily originates from government debt.

The taxes we pay partly go to pay interest on this debt.

We also pay the invisible tax of inflation to the bank/government.

I don't have any specific numbers but there's no doubt

in my mind the government/banking complex is taking more

than its giving back.

You are talking absolute cr@p. Please try and explain how the banking sector takes more in tax than it pays? With logic like that you must work in local government.

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  • 301 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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