Budget Will Drive Economy Into Massive Black Hole. Reeves Opts for the Fatal Conceit of Socialism.

#budget2024 #debt #money #economy

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[garynigeldraper]

Someone asked me today if I enjoyed the extra hour yesterday when they put the clocks back.
I replied ' nobody got an extra hour, the only thing that happened is that the Govt manipulated our perception of time '.

[sangEta]

"When plunder becomes a way of life, men create for themselves a legal system that authorizes it and a moral code that glorifies it." - The Law - Frederic Bastiat.

[skffingtonai]

Socialism is merely a polite word for communism.

[Lawtasaj]

Do people in the public sector not realise where all the variety of the goods and services they enjoy come from?? Do they think the nice areas where they live, with the independent cafes and restaurants, are untouchable and will stay like that forever?? Idiots!

[seanhibbeler]

Don't work for money; make money work for you. Invest wisely today to create the freedom you desire tomorrow..

[tinyconspiracy]

Economic death spiral continues.
How is it possilbe to not sound like a doom cryer, when all indicators point to doom?

[sangEta]

"Government is the great fiction, through which everybody endeavors to live at the expense of everybody else." - Frederic Bastiat

[Jack-wkyi]

I know a guy who has reduced his work to 3 days a week and won’t work weekends so he can maximise his benefits in the U.K.
He is 31 years old and has 5 children. Nice guy, but no incentive to work. He says he is really enjoying his life. All created by the U.K. government and their policies.

[richardwhite]

Sadly I have witnessed at first hand the chronic waste and inefficiency of 'The State'. I'm also old enough to remember the Labour governments of the 1970's. If you think the last Tory administration was poor, and it was, you ain't seen nothing yet.

[Starmerispureevil]

The only private sector that will remain will be hundreds of thousands of Turkish barbers.

[seansmith]

It's so depressing watching my country go down the toilet 😢

[mw]

The only black hole that starmer is looking at is Lord Alli's

[davidcoard]

Higher taxes means the Black Economy will flourish

[freeforester]

Yes, but Rachel thinks this time it will be different....
😂🤡👍🏻

[samanthagarbettcharles]

You will own nothing and be happy .! Thats the plan .😢

[apflewis]

"... the few have a lot of wealth, and the many don't have that much wealth ..." Kier is making sure he is in the former group. He is basically overpaid, but with all his backhanders, he's doubled his income ( that we know about ) - without a tax liability. Kier, corrupt as the day is long.

[ranar]

Sir, not the country 'will' go bankrupt but is bankrupt! That is because both Tory and Labour were following the same failed policies. When you privatise every industry you are at the mercy of the Private Sector. The government has close to zero leverage in the economic direction of the country!

[zxmel]

"At some point, socialists run out of other people's money."

[UnknownTkayy]

2000 and 2008 were of course notable interim financial crashes but we can anticipate that the next will be secular in nature (e.g. 30's and 70's) because central banks drove short rates to zero for years and they won't be able to foment an even more extreme financial mania by driving short rates to new nominal lows this time. They will of course resort to massive currency debasement but it will feed through to price inflation rather than being occupied by financial speculation. Four decades of monetary and fiscal distortion are going to be wrung from global financial markets via price inflation. Some assets offer refuge, So my advice Buy Crypto and Gold I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Sandy Barclay’s, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[Drone-hi]

You can't have socialism and open borders-- Bernie Sanders.