The city of London &amp; the trickle down narrative

I believe in lower taxation overall so I guess that counts as fitting trickle-down in some ways.

How about you, illegal? :wink:

Reply 3

democracyforum

4

The bankers are not to blame.

How they personally affected you ? They haven't

Let's raise money in the economy by stopping 12 billion of foreign aid to poor countries with space programmes

Reply 4

democracyforum

4

Isn't banker hatred actually just jealousy and envy.

If I am poor and uneducated and unemployed and living on food banks,
no matter what bankers do or do not do,

my situation does not change. I am to blame.

Reply 5

HigherMinion

The problem isn't really about banks or their employees; it's the foreign investment in the City of London outpricing the housing market. That video is pure toss.

Vote tories.

Original post by Abdul-Karim

Vote tories.

Precisely.

He wants the rich to be poorer, simply to satisfy him.

https://www.youtube.com/watch?v=rv5t6rC6yvg

Reply 8

mojojojo101

17

Original post by democracyforum

The bankers are not to blame.

How they personally affected you ? They haven't

Let's raise money in the economy by stopping 12 billion of foreign aid to poor countries with space programmes

Deficit currently running at about £100bn.

Tell me again how foreign aid is the problem?

Reply 9

Original post by mojojojo101

Deficit currently running at about £100bn.

Tell me again how foreign aid is the problem?

A tenth of a problem is still a problem.

Reply 10

MatureStudent36

Original post by mojojojo101

Deficit currently running at about £100bn.

Tell me again how foreign aid is the problem?

I think the point they're trying to make is that without foreign aid the the deficit would only be £88bn.

Reply 11

MatureStudent36

Original post by illegaltobepoor

[video="youtube;7F5x5M0x7FA"]https://www.youtube.com/watch?v=7F5x5M0x7FA[/video]

Even after the recession me and my Banker buddies are having a hard time. We are a lot poorer than usual. Would you donate to make our lives better?

After all when the good times return we'll trickle down some funds too you.

Do you believe the trickle down narrative of the city of London?

http://en.wikipedia.org/wiki/Trickle-down_economics

Do you mean other than generating 10% of the UKs gdp?

http://www.cityam.com/article/financial-services-firms-account-96-cent-uk-s-gdp

You've been told all of this before ? Although you may criticise the financial sector, it pays for the welfare state and the nhs. That's why even labour doesn't want to annoy it too much.

Reply 12

mojojojo101

17

Original post by BitWindy

A tenth of a problem is still a problem.

Hardly a solution though, seeing as you'd still have a massive budget deficits.

Foreign aid is like 1% of government spending, I don't believe for a second that the same amount.of money and a lot extra couldn't be found in other areas.

Reply 13

Original post by mojojojo101

Hardly a solution though, seeing as you'd still have a massive budget deficits.

Foreign aid is like 1% of government spending, I don't believe for a second that the same amount.of money and a lot extra couldn't be found in other areas.

I never said getting rid of it would solve everything, but I don't see why it's such a crime to suggest we scrap it.

Reply 14

MatureStudent36

Original post by mojojojo101

Hardly a solution though, seeing as you'd still have a massive budget deficits.

Foreign aid is like 1% of government spending, I don't believe for a second that the same amount.of money and a lot extra couldn't be found in other areas.

It's still 10% of the defict though.

Reply 15

Rakas21

21

Original post by mojojojo101

Deficit currently running at about £100bn.

Tell me again how foreign aid is the problem?

91bn I think.

Its not but as an annual saving you need only find another 20bn and then the deficit is gone in 3 years. This ignores the fact that the way its paid out means you couldn't scrap it in a single year.

Reply 16

InnerTemple

20

I don't think "banker" hatred is pure jealousy. Financial institutions played a dirty game - the position we found ourselves in a few years back was the result. A lot of people will also have fairly poor experiences with banks at sometime or another - and sometimes these can be caused by systemic failings either resulting from the desire to rip people off or negligence. See PPI or endowments.

That said, one has to be realistic. As a country, we rely on the financial sector. George's taxes will help to prop up the NHS and the welfare state. He will spend his wages and keep people in work.

That isn't to say that I think George and his mates should be treated with kid gloves. But a pinch of reality is needed too.

Reply 17

teensocialist

Trickle down clearly not working,
We've actually had "Trickle Up" where the wealth of the rich is growing while that of the poor is falling...
We've had this whole Trickle Down idea for some time now, time to get rid of it and actually start taxing the rich.

Reply 18