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+--- Thread: Helicopter (/showthread.php?tid=9762)
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RE: Helicopter - Protheroe - 04-14-2020
(04-12-2020, 03:49 PM)Derek Hardballs Wrote:(04-12-2020, 03:44 PM)chasetownbaggie Wrote:(04-06-2020, 04:16 PM)Protheroe Wrote:(04-06-2020, 12:08 PM)bradesbaggie Wrote: Like austerity the financial crisis of 2008 and now with coronavirus the government have to chosen to socialise the problem to solve it.
And we will all pay the price, just as we did over the last decade.
All??
The rich had to forgot their third luxury holiday of the year for about six months...
That was the point I was making Derek.
RE: Helicopter - Derek Hardballs - 04-14-2020
(04-14-2020, 09:31 AM)Protheroe Wrote:(04-12-2020, 03:49 PM)Derek Hardballs Wrote:(04-12-2020, 03:44 PM)chasetownbaggie Wrote:(04-06-2020, 04:16 PM)Protheroe Wrote:(04-06-2020, 12:08 PM)bradesbaggie Wrote: Like austerity the financial crisis of 2008 and now with coronavirus the government have to chosen to socialise the problem to solve it.
And we will all pay the price, just as we did over the last decade.
All??
The rich had to forgot their third luxury holiday of the year for about six months...
That was the point I was making Derek.
What would your solution to the situation be? To leave people to get on with things on their own? Not lock the country down? Just give everyone a £1000 etc and say get in with it?
RE: Helicopter - Protheroe - 04-14-2020
(04-14-2020, 10:17 AM)Derek Hardballs Wrote: What would your solution to the situation be? To leave people to get on with things on their own? Not lock the country down? Just give everyone a £1000 etc and say get in with it?
Far more radical. A debt jubilee combined with massive competitive banking reform.
When the financial sector was bailed out by Gordon Brown it represented the greatest transfer of wealth in history from the youngest and poorest to the oldest and richest. This is the reckoning - it can't happen again.
If we're going to socialise Covid 19, the way to get the economy motoring is helicopter money now, debt forgiveness, smashing the banking sector into much smaller pieces, social insurance for healthcare, liberalisation of retail and the hospitaility sector and major fiscal reform.
RE: Helicopter - baggy1 - 04-15-2020
(04-14-2020, 10:55 AM)Protheroe Wrote:(04-14-2020, 10:17 AM)Derek Hardballs Wrote: What would your solution to the situation be? To leave people to get on with things on their own? Not lock the country down? Just give everyone a £1000 etc and say get in with it?
Far more radical. A debt jubilee combined with massive competitive banking reform.
When the financial sector was bailed out by Gordon Brown it represented the greatest transfer of wealth in history from the youngest and poorest to the oldest and richest. This is the reckoning - it can't happen again.
If we're going to socialise Covid 19, the way to get the economy motoring is helicopter money now, debt forgiveness, smashing the banking sector into much smaller pieces, social insurance for healthcare, liberalisation of retail and the hospitaility sector and major fiscal reform.
Social insurance - How would that look Proth?
Some of your points look good, debt forgiveness being the main one - that would need to be supported by some way of restricting the 'forgiven' so they don't just run up the same debts, which would mean some form of policing by the state, that doesn't sound like your ideal world.
RE: Helicopter - chasetownbaggie - 04-15-2020
(04-14-2020, 09:31 AM)Protheroe Wrote:(04-12-2020, 03:49 PM)Derek Hardballs Wrote:(04-12-2020, 03:44 PM)chasetownbaggie Wrote:(04-06-2020, 04:16 PM)Protheroe Wrote:(04-06-2020, 12:08 PM)bradesbaggie Wrote: Like austerity the financial crisis of 2008 and now with coronavirus the government have to chosen to socialise the problem to solve it.
And we will all pay the price, just as we did over the last decade.
All??
The rich had to forgot their third luxury holiday of the year for about six months...
That was the point I was making Derek.
Are you saying a person forgoing a 3rd luxury holiday of the year is the price they paid?
RE: Helicopter - Solihull Throstle - 04-17-2020
(04-12-2020, 03:49 PM)Derek Hardballs Wrote:(04-12-2020, 03:44 PM)chasetownbaggie Wrote:(04-06-2020, 04:16 PM)Protheroe Wrote:(04-06-2020, 12:08 PM)bradesbaggie Wrote: Like austerity the financial crisis of 2008 and now with coronavirus the government have to chosen to socialise the problem to solve it.
And we will all pay the price, just as we did over the last decade.
All??
The rich had to forgot their third luxury holiday of the year for about six months...
Alexei Sayle :
"Austerity is the idea that the 2008 financial crash was caused by Wolverhampton having too many libraries."
Not heard that one before. Brilliant!