UK Budget – The End of Democracy?
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UK Budget Fallout: Why Tax Hikes Target Everyone But the Rich and the Erosion of British Democracy
Understand the core reason the upcoming UK Budget forces tax increases on the public and discover how concentrated wealth distribution controls political power, overriding voter mandates.
Short Summary
- The budget will usher in broad tax rises because significant post-COVID wealth transfer has left the government indebted heavily to the rich.
- This financial dependency compels the government to appease financial markets, even if it violates campaign promises not to raise income tax or VAT.
- Refusing to implement a wealth tax guarantees that ordinary workers must be squeezed further to pay interest owed to asset holders.
- Orientation: This analysis breaks down the debt dynamics that dictate current fiscal policy, explains why elites guard against wealth redistribution, and details the resulting erosion of democratic choice. Use this knowledge to understand your rising financial burden and the necessity of unified political action.
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Top Comments (10)
All I wish for Christmas is for Gary to eat one of those digestives.
I find it annoying that we bailed out the finanical market in 2008 and now we are subserviant to them, rather than them working for us.
I am 66 and now working harder than ever with no sight of retirement. Is this the new assisted dying?
"none of which will target the very rich" Tells you exactly who "our politicians" work for
It's more like having cancer and your doctor knows you have cancer but is being paid by the owner of the hospital to pretend cancer doesn't exist.
The game of monopoly analogy is CRUCIAL. If you own the properties which are most landed on, you win the game. Full. Stop. If you own the assets which others HAVE to pay you for (houses etc) you will bankrupt every other player and you will bankrupt the bank (the government). When the most landed on assets are owned by the same people, that's a monopoly in the asset markets. Governments are supposed to break monopolies by disincentivizing large shares of ownership of assets.
You’re not going to get rational decisions on the economy until you remove the vast amounts of money donated to parties and politicians. Greed is the root problem.
Hearing you say ' The final Gary's Economics of the year.' make me feel so happy specially when a few months ago you were finding it hard and going through a difficult time. I'm glad you're still with us Gary lad. All the best over the festive season and I will see you soon ❤❤
Came here from a Map Men episode :)
It’s the George Carlin sketch “It's a big club, and you ain't in it" famous quote from George Carlin's 2005 stand-up special Life Is Worth Losing
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Top Comments (10)
All I wish for Christmas is for Gary to eat one of those digestives.
I find it annoying that we bailed out the finanical market in 2008 and now we are subserviant to them, rather than them working for us.
I am 66 and now working harder than ever with no sight of retirement. Is this the new assisted dying?
"none of which will target the very rich" Tells you exactly who "our politicians" work for
It's more like having cancer and your doctor knows you have cancer but is being paid by the owner of the hospital to pretend cancer doesn't exist.
The game of monopoly analogy is CRUCIAL. If you own the properties which are most landed on, you win the game. Full. Stop. If you own the assets which others HAVE to pay you for (houses etc) you will bankrupt every other player and you will bankrupt the bank (the government). When the most landed on assets are owned by the same people, that's a monopoly in the asset markets. Governments are supposed to break monopolies by disincentivizing large shares of ownership of assets.
You’re not going to get rational decisions on the economy until you remove the vast amounts of money donated to parties and politicians. Greed is the root problem.
Hearing you say ' The final Gary's Economics of the year.' make me feel so happy specially when a few months ago you were finding it hard and going through a difficult time. I'm glad you're still with us Gary lad. All the best over the festive season and I will see you soon ❤❤
Came here from a Map Men episode :)
It’s the George Carlin sketch “It's a big club, and you ain't in it" famous quote from George Carlin's 2005 stand-up special Life Is Worth Losing