
Originally Posted by
Redshank
Whoever is in power, there has to be a way found to tax the rich. More money and assets given to the rich just impoverishes the rest of us.
I recall reading somewhere that quantitative easing after the financial crisis in 2007-2008 equated to approx £12,000 per person in the UK. Where the hell did all that money go?....effectively, to the rich. Successive rounds of QE since then has just given away more money and assets to the rich. What do they do with their wealth?...buy more assets and push the prices up for the rest of us. It's laid bare for everybody to see what's happening. The war in Ukraine has been a very convenient smokescreen for the energy price hikes. It was starting before Putin invaded. Inflation, higher food prices, escalating energy bills, escalating property prices. The numbers will be on Google... house prices compared to average earnings now/10 years ago/ 20 years ago/30 years ago. House prices have increased, average earnings haven't. It's getting worse, it's going to get much worse, people need to seriously start asking questions.
This has been happening for years. The poorest and least well off in society have borne the brunt so far. Next in line is the middle class/middle income/heavily mortgaged. It's happening already and house prices are becoming hopelessly out of reach for young people wanting to get on the ladder.
If you believe capitalism to be a system that offers the opportunity to do well if you're prepared to work hard and reap the benefits of that hard work, then you're in for a shock because capitalism is probably on the way out. The way things are going we're heading for a Feudalist society where you haven't a hope in hell of ever owning property. It will all be in the hands of a super-rich minority.
It's never too late to change things. The assets are still there, they haven't evaporated, there just needs to be a fairer distribution. The Tories will never do that, and I don't see the current Labour party wanting to take up that mantle. But somebody has to at some point.