Just depends who is wise enough to offer Scotland a referendum first I suppose. Probably the tories, as Labour don’t really want to be in Government.
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I watched that video and she does not make a very compelling case.
If we take her at her word, why even have any taxation at all if it does not matter? Surely we can just spend what we like?
It’s complete nonsense. The govt has two sources of money, taxation and debt. If it relies too heavily on debt the market will start to charge higher interest for it and there are inflation risks.
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That just isn't true. Governments do not need to use taxation for spending, since governments have a monopoly on issuing a currency. This only breaks down when a government forfeits its right to a sovereign currency, such as the eurozone. Taxation can be used to keep inflation down, in addition to social goals such as egalitarianism and equality of opportunity, but a government could in theory have zero taxation and maintain all its social spending; it cannot "max out the credit card" as individuals can. However, doing so would cause inflation to sky rocket and trust in the currency to collapse. All currencies work on trust alone: if I gave you a paper note, you believe it has some value, though of course it has no intrinsic value. If we lose that trust, the currency is finished. It's all alchemy and delusion really. When you say 'debt', remember governments borrow from themselves. If I owe myself £100, am I in debt? Governments can borrow from the public via instruments such as government bonds, but that's a choice, they don't have to do that to finance spending.
Johnson has had an utterly shambolic week but has somehow managed to increase his lead.
We're ****ed.
Johnson just announce that corporation tax cuts that were planned have been cancelled. Money spent on public services. Funny, he used to say corporation tax cuts raised money.[emoji23]
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Neither party wants to win the election. Both parties know the economy is ducked. Labour are playing a blinder with their Marxist style manifesto. They’ll ensure there’s a majority Tory government when everything implodes and try as he might, Boris can’t prevent it.
The way that public finances actually work, versus the myth of taxing to spend, must be one of the greatest inaccuracies in the world today. It effects each and every one of us, yet I've never heard a politician discuss the issue accurately. The falsehood keeps being repeated. Perhaps they have also just accepted the narrative that governments must work like households as Thatcher used to claim, when it's a completely false analogy. You and I do not have our own sovereign currency, which changes everything.
How about a £6000 pay rise for every worker?
https://metro.co.uk/2019/11/18/labou...share.top.link
Christine Jardine positioning the Lib Dems as the new tories on the block in Scotland with this letter.
https://img.techpowerup.org/191118/c...jardinepng.png
She doesn't want Corbyn to win the election, but is happy to scoop up the tory votes in Edinburgh West seeing as the Conservative Party can't win here. :whistle:
Not a mention about Brexit either.....
Looking at the results in 2017 and she actually got slightly less votes than Mike Crockart in 2015, it was the size of the collapse in the SNP vote that got her in.
https://en.wikipedia.org/wiki/Edinbu...s_in_the_2010s
It seems to have been the case in many of the seats the SNP lost in 2017, it wasn't so much a case of votes being lost to other parties but more a case of 2015 voters just not turning up.
How many seats they can get back will depend on how much of that 2015 "tsunami" they can recreate, if they do so in Edinburgh West Jardine's going to rely on some unionist vote transfer.
SNP lost their court case. Scotland will get to watch Johnson and Corbyn get stuck into the SNP without the SNP being able to defend themselves.
A union of equals?
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https://uploads.tapatalk-cdn.com/201...dc99335749.png
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I would argue that the assumptions are correct. Brexit was swung by the older vote, those who voted Brexit but vote labour will turn away from labour and Corbyn and go to the nearest port for brexiteers, either the Brexit party or Boris.
Or something else entirely.
I have a horrible feeling the silent majority will vote the conservatives in by a landslide.