nexus wrote:OK, so lets talk about how it can be shared out reasonably fairly before Cameron and his cronies make off with almost all of it.
You may have noticed that we have hardly grown since 2008! Thats partly due to the massive national debt but also PO and high energy prices hampering any economic recovery.
To ensure that our gilt yields remain low the government knows that it needs to sustain the confidence of international investors who buy gilts (thus keeping their yields low and ensuring that the UK government pays less on interest repayments).
To keep that confidence of investors it has promised to reign in rising state spending. As welfare is a very big chunk of government spending, it is a logical place to cut.
Defence is a relatively small part of spending and even if you got rid of Trident, the real financial benefits would be spread out over 30 years, b
not like a sudden cut to benefits.
Finally, tax avoidence is a problem but as I have explained so many times in the past, rich people can easily move offshore which limits the ability of any single national government to extract more taxes from the rich who keep wealth in the UK or reside in the UK.
Just look at France and how the rich are fleeing France. It doesn't work on a unilateral basis.
As for the rich, I can assure you that many will become very impoverished in the future (indeed many of the rich should be bankrupt if the central banks hadn't bailed out the financial system). Government bonds and to a less extent equities are massive bubbles which the rich have most of their wealth in. They are doomed to losing most of their wealth.
Governments are bankrupt. Growth is dead. The asset classes (like government bond markets etc) are massive bubbles which will destroy the majority of the rich in the future.
We will all become poorer or poor. And as governments are forced to live within their means, the welfare state as we currently know it will end. Its inevitable.
Peace always has been and always will be an intermittent flash of light in a dark history of warfare, violence, and destruction