Britain's Trillion Pound Horror Story 5

Britain's Trillion Pound Horror Story 5

Category:

Education

Tags:

• debt
• britain

[Kousaburo]

IT'S TIME FOR A COUP! WHO'S WITH ME!?

[Startliter]

I wonder what David Cameron thinks of this?

[Spjungen]

@Ravengaurd6 Finding a job would be no problem. Britain has massive potential, its people are (for the most part) smart, innovative, and clever. You have so many industries that are somehow STILL surviving even with the state parasite...imagine Jaguar or Land Rover being booming BRITISH industries thanks to a competitive business environment instead of being owned by tata fucking motors? Britain's former colony now owns it...if I were a brit I would be infuriated.

[catwatters4]

The Public Sector is a CANCER,, and No one wants to say that. The guy at min 7:48 is trying to say that a Cancer relationship is Healthy!

[catwatters4]

The Public Sector is a CANCER,, and No one wants to say that

[ALLIED7621]

@Zendout1 then leaveee!

[Ravengaurd6]

@dma777able simple...specialization...or re-specialization. Britain must find something that it can either,produce or allocate cheaper and faster than it's neighbors and focus on developing in that field. basically do what japan does. japan doesn't grow 40% of it's own food but it stays fed.it gets most of it's resources abroad. how? trade and specialization. they mostly sell electronics,machines,engineeri­ng and intellectual property. the skill of the labor makes up for the scarce resources.

[stephentsang2000]

@MartinRonky

In fact, Hong Kong's debt is not at all debt. Hong Kong government issue bonds for small families to earn interests instead of putting the savings in banks and earn nothing. Hong Kong government has USD 200 billion foreign reserves, and another USD 200 billion reserved money in the treasury. Instead of spending the money on the public sector, this year the Hong Kong government give USD 800 to every Hong Kong citizen simply because there are too much money in the treasury.

[stephentsang2000]

@dma777able Free trade is a joke.

[Zendout1]

Glad we're not taking our own advice.

I like living in a broken down delapidated crime ridden slum,

called America.

[talentedmrlee]

@segenist it's a bit one sided i agree. but the point remains, the entire western world's obsession of keynesian economic policy of government intervention has been a massive failure. Taxes are supposed to redistribute wealth, instead wealth is taken from the people to benefit mostly special interest groups. The US now has the highest corporate tax rate in the world which hasn't improved tax revenue, as most companies either relocate or go offshore (Google is headquartered in Ireland)

[nickfl1980]

Cutting taxes isn't only good. You must control your spending too. Look at all those so countries with flat taxes..most of them are BUST. why? They were over spending like crazy.