Quote (ampoo @ Jun 6 2017 09:11am)
:lol:
thats the thing with socialism, you will run out of other peoples money eventually
i am still shocked that a guy like corbyn is a thing in the uk
Easy to get votes when offering free money. Hard to keep them when that money runs out.
If he gets in it would be the worst possible timing for it. Raise minimum wage to £10, you've lost tens of thousands of jobs just from that. Promote your ridiculous unions and you'll have thousands more missed working days for the year. Increasing the minimum wage will guarantee continued inflation, interests rates would rocket, house prices would plummet (great for those who don't own a home) those at the bottom of the ladder already struggling would no longer be able to afford their mortgages, and wouldn't be able to pay off the bank with the sale of their homes if they drop far enough, so you'd have record levels of bankruptcy.
On top of that you've got an increase in business rates, where already struggling firms would be further burdened by an increase in minimum wage and an increase in tax. How the fuck are they going to survive, it would be the end of small businesses.
Then you'll have all the "rich" people on over 80k/year get tax increases, so a lot of them would go out of their way to hide their earnings or move overseas.
Punishing the rich because a burger flipper couldn't be arsed to get an education is a fools game.