Re: BREXIT: The Facts Behind EU Propaganda
Originally Posted by
gumbud
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I think perhaps you should consider what has already been sold off to foreign interests from Britain before considering you can successfully go it alone?
http://www.managementtoday.co.uk/buy...rticle/1146256
the slogan "Made in Britain" may not apply much longer
the much respected Institute for Fiscal Studies in UK has recently warned of downward trends with every household losing 1,250 pounds a year because of Brexit - however pensioners will be protected. I would recommend the reading of this sobering report instead of keeping your head in the sand!
In quick rant format as I’m busy, but he’s right.
If people actually stop and look at themselves for a moment. The watch you’re wearing is probably Swiss. The clothes, although they may have been bought in a British retail outlet, invariably started life in a foreign sweatshop; the cotton industry collapsed decades ago. The car you’re driving will be a foreign make, the mass produced car industry vanished decades ago. That fish supper you had last night? The fish was probably imported from Iceland, Denmark or Norway and the potatoes from France. As you type away on your foreign manufactured computer, eating your subsidiary of US PepsiCo Walkers crisps . . .
Britain went bankrupt decades ago. It’s now propped up by borrowing at a rate never before seen in history. Cameron has borrowed, in five years, what every previous government for the last century has borrowed and that’s just to keep afloat. UK debts are now estimated at five times what the economy is worth. That’s nearly twice the debt of Greece.
A brief history on this thread, post 38
There are some who will say the UK will now thrive, but with what? The reality is that the UK isn’t even paying off its debt; it’s struggling just to pay the interest on it. The reason it’s able to limp on is because borrowing money has been easy for the past three decades, at low interest rates. If interest rates rise, the UK goes the same way as Greece, Ireland, Spain and Portugal.
The problems are several, but the entitlement welfare state is the main one. In a post-industrial society, with mass unemployment, what’s left of the taxpayers can’t fund equality entitlement. The second reason is competitiveness. High taxes, mountains of regulations and a tax system of PAYE, the more you earn, the more you pay, sounds more in keeping with Marx’s, ‘from each according to their means’, than wealth producing capitalist economics.
The UK has to abandon its socialist principles, forget the relative poverty angst, get competitive and start to mass produce something it can sell again.