Jeremy Corbyn's first day at school
Does not favor "Brexit," but a "social Europe."
Would not resign over Trident, but favors Brit nuclear disarmament.
Has had the habit, all these years, of refusing to sing the national anthem, perhaps out of republicanism.
Does not deny wanting to simply print money to finance his left-ish agenda items, or that such a policy of deliberate inflation would work like a flat tax on wealth and savings with no shelters at all, affecting workers, the elderly, and anyone else among the 99% as harmfully as those of the 1%.
It seems highly unlikely that workers or the elderly would get back in enhanced government largess the value of their savings lost to the government, given he plans to spend it on things like universal free higher education, and in any case they would lose the freedom to spend that value as they choose.
The chief virtues of using actual taxation rather than inflation are that savings are spared while income is taxed progressively, but there are other advantages, too.
No comments:
Post a Comment