That’s a very in depth analysis indeed. Trying to understand what to do, based on what’s happened, when so much of what’s gone on includes reactions based on individuals not quite knowing what the consequences of their actions will be is obviously, very difficult to wrestle with! Trying to second guess an outcome is inherently difficult to measure. This analysis shows the difficulty of understanding the rules of the game whilst trying to rehearse every possible outcome of every possible move. In my humble opinion it needs a more simple overview to see consequences of actions in order to predict future outcomes. The rules can be changed at any time so long as they are a benefit and not a detriment. Truss taught us this! In basic terms the government as we know, need sufficient tax revenue to cover its costs. And when it can’t cover its costs it is forced to either cut costs, put up taxes or borrow. The analysis is obviously a wrestling match to get to grips with how to borrow and the consequences of borrowing on the open market. A vipers nest indeed! I don’t know about you but our borrowing has reached £2,800,000,000,000.00 trillion! Now that by anyone’s standard is an astronomical figure, and how we can obtain ‘Growth’ from a minus position that big is very difficult to see! And to expect to obtain that growth from just the hope of ‘investment’ is even more unbelievable. The problem we face is the reality that we are taxed and have borrowed to the hilt and face cuts that will just ruin the already fragile situation of our ability to keep up those tax and debt receipts from our economy. The noose is tightening around our economic neck and we have to do something that will reverse that immediately as we now need to defend against WW3 ourselves with those added costs. The truth is, £2.8 trillion of investment has it seems failed to grow our part of the economy that pays the tax to cover our monthly costs. So it begs the simple question where is all that money? Well wherever it is it’s not in our economic pot that pays for the tax revenue! And there lies the problem. In an ever increasing swamp of debt where we borrow from those who have it the result is always, they want it back and more! Basically the rich get richer! And that wealth creates the market of borrowing and lending to the governments in the bubble SIr John is analysing. Whilst the power house of UK PLC the workers, can never it seems, have enough turnover to pay for its needs. This has to change! We are financing debt at the cost of our needs, happiness and wellbeing. In my humble opinion the working pot by which we pay tax is devoid of money sufficient to cover and exceed those amounts we all need to expect. Why is our pot devoid of sufficient money? It’s simple there are three pots of money not one! There is our working pot, the government pot made up of tax income and a third pot as outlined by Sir John and that’s the pot of money held unused and unspent from our working pot! That third pot is the pot which the government borrow and repay from directly. So in simple terms that flow of money goes back and forth between the government and the rich. Where in simple terms the flow of money back and fro between our working pot and the governments pot is devoid of that huge pot which explains why we struggle to meet the costs for our needs via taxation. A little known fact that everyone misunderstands is that tax is triggered by spending and money having to move from one to another. Because tax is paid via spending, if spending is insufficient then our tax take is insufficient! It stands to reason that we need money to flow around our working pot, a pot based on monthly work paid and spent in a monthly cycle in an amount snd in a weight of flow faster than it is now. It also follows that the money has to come from the third pot! After all you don’t ask a poor man for money, you ask someone who has it! So that huge pot held by the rich and mega rich is the source for our extra ‘growth’. Now it should also follow that rather than tax the rich, that directly misses our working pot, Let them SPEND it back to us! That way they get to enjoy their earnings. That way their money can ever our pot to revolve in a monthly cycle producing tax revenue not just once but exponentially by its revolving more and more taxes! We need to have a tsunami of weight and glow back to our pot and around it to give the government it’s surplus to pay for now and all future needs! Money held by the mega rich and not spent back in a monthly cycle producing is untaxed! It had no tax revenue, none! They can hold it for days weeks years decades and centuries! All the while creating no tax revenue. It’s only when money is SPENT that taxation is triggered! So holding it unspent unused and hoarded is the problem, not the cure! The cure is in its revolving back through spending. There is the answer. We need a spending policy on ALL money! We need more in wages, more in benefits and more happiness. All we have now is misery! The rules have to be changed. If we are a true democracy the 95% of us only having 5% of money whilst the rich 5% holding 95% of our money is wrong and undemocratic. It’s that ratio that led to the depression and to our recessions. Whichever way you analyse it that imbalance us the problem and the cure if only it was spent and not leant! Earn as much as you can! But, the democracy should ensure it is returned for the cycle to perpetuate. Not by taxing the rich but by letting them spend it! Enjoying the fruits of their wealth but, on our monthly cycle! There you have it….. happiness for us all. Remember just like Brexit the 49% must adhere to the 51%. That’s the main rule!
That’s a very in depth analysis indeed. Trying to understand what to do, based on what’s happened, when so much of what’s gone on includes reactions based on individuals not quite knowing what the consequences of their actions will be is obviously, very difficult to wrestle with! Trying to second guess an outcome is inherently difficult to measure. This analysis shows the difficulty of understanding the rules of the game whilst trying to rehearse every possible outcome of every possible move. In my humble opinion it needs a more simple overview to see consequences of actions in order to predict future outcomes. The rules can be changed at any time so long as they are a benefit and not a detriment. Truss taught us this! In basic terms the government as we know, need sufficient tax revenue to cover its costs. And when it can’t cover its costs it is forced to either cut costs, put up taxes or borrow. The analysis is obviously a wrestling match to get to grips with how to borrow and the consequences of borrowing on the open market. A vipers nest indeed! I don’t know about you but our borrowing has reached £2,800,000,000,000.00 trillion! Now that by anyone’s standard is an astronomical figure, and how we can obtain ‘Growth’ from a minus position that big is very difficult to see! And to expect to obtain that growth from just the hope of ‘investment’ is even more unbelievable. The problem we face is the reality that we are taxed and have borrowed to the hilt and face cuts that will just ruin the already fragile situation of our ability to keep up those tax and debt receipts from our economy. The noose is tightening around our economic neck and we have to do something that will reverse that immediately as we now need to defend against WW3 ourselves with those added costs. The truth is, £2.8 trillion of investment has it seems failed to grow our part of the economy that pays the tax to cover our monthly costs. So it begs the simple question where is all that money? Well wherever it is it’s not in our economic pot that pays for the tax revenue! And there lies the problem. In an ever increasing swamp of debt where we borrow from those who have it the result is always, they want it back and more! Basically the rich get richer! And that wealth creates the market of borrowing and lending to the governments in the bubble SIr John is analysing. Whilst the power house of UK PLC the workers, can never it seems, have enough turnover to pay for its needs. This has to change! We are financing debt at the cost of our needs, happiness and wellbeing. In my humble opinion the working pot by which we pay tax is devoid of money sufficient to cover and exceed those amounts we all need to expect. Why is our pot devoid of sufficient money? It’s simple there are three pots of money not one! There is our working pot, the government pot made up of tax income and a third pot as outlined by Sir John and that’s the pot of money held unused and unspent from our working pot! That third pot is the pot which the government borrow and repay from directly. So in simple terms that flow of money goes back and forth between the government and the rich. Where in simple terms the flow of money back and fro between our working pot and the governments pot is devoid of that huge pot which explains why we struggle to meet the costs for our needs via taxation. A little known fact that everyone misunderstands is that tax is triggered by spending and money having to move from one to another. Because tax is paid via spending, if spending is insufficient then our tax take is insufficient! It stands to reason that we need money to flow around our working pot, a pot based on monthly work paid and spent in a monthly cycle in an amount snd in a weight of flow faster than it is now. It also follows that the money has to come from the third pot! After all you don’t ask a poor man for money, you ask someone who has it! So that huge pot held by the rich and mega rich is the source for our extra ‘growth’. Now it should also follow that rather than tax the rich, that directly misses our working pot, Let them SPEND it back to us! That way they get to enjoy their earnings. That way their money can ever our pot to revolve in a monthly cycle producing tax revenue not just once but exponentially by its revolving more and more taxes! We need to have a tsunami of weight and glow back to our pot and around it to give the government it’s surplus to pay for now and all future needs! Money held by the mega rich and not spent back in a monthly cycle producing is untaxed! It had no tax revenue, none! They can hold it for days weeks years decades and centuries! All the while creating no tax revenue. It’s only when money is SPENT that taxation is triggered! So holding it unspent unused and hoarded is the problem, not the cure! The cure is in its revolving back through spending. There is the answer. We need a spending policy on ALL money! We need more in wages, more in benefits and more happiness. All we have now is misery! The rules have to be changed. If we are a true democracy the 95% of us only having 5% of money whilst the rich 5% holding 95% of our money is wrong and undemocratic. It’s that ratio that led to the depression and to our recessions. Whichever way you analyse it that imbalance us the problem and the cure if only it was spent and not leant! Earn as much as you can! But, the democracy should ensure it is returned for the cycle to perpetuate. Not by taxing the rich but by letting them spend it! Enjoying the fruits of their wealth but, on our monthly cycle! There you have it….. happiness for us all. Remember just like Brexit the 49% must adhere to the 51%. That’s the main rule!