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How is Corbyn Going to Pay for it all? watch

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    Thus far, the only answers I've received are borrowing and taxing - both of which aren't good enough In my eyes. Maybe I'm missing something - good, I hope I'm missing something. And I genuinely do hope I'm wrong on this one because if I'm not, it would be startled to come to the realisation that millions of people have bought into these fantasy promises.

    These are some of Corbyn's most expensive policies:
    • 1. Scrap student tuition fees
    • 2. Nationalisation of England's nine water companies
    • 3. More free childcare, expanding free provisions for two, three and four-year-olds
    • 4. Hire 10,000 new police officers, 3,000 new firefighters
    • 5. Deliver rail electrification "including in Wales and the South West".
    • 6. Bring the railways back into public ownership as franchises expire
    • 7. Create at least one publicly-owned energy company in every region of the UK, with public control of the transmission and distribution grids.
    • 8. Boost wages of 5.7m people earning less than minimum wage to £10 an hour by 2020
    • 9. Create a National Transformation Fund that will invest £250bn over ten years in upgrading the economy
    • 10. A National Investment Bank as part of a plan to provide £250bn of lending power over the next decade for infrastructure
    • 11. Deliver universal superfast broadband availability by 2022
    • 12. Raise minimum wage to "at least £10 per hour by 2020"
    • 13. End the public sector pay cap
    • 14. Abolish employment tribunal fees - so that people have access to justice
    • 15. A National Education Service for England to incorporate all forms of education
    • 16. Overhaul existing childcare system and extend 30 hours of free childcare to all two-year-olds
    • 17. Reintroduce maintenance grants for university students and abolish university tuition fees
    • 18. Free school meals for all primary school children, paid for by removing the VAT exemption on private school fees.
    • 19. Scrap NHS pay cap
    • 20. NHS will receive more than £30bn in extra funding over the next parliament
    • 21. One million people will be taken off NHS waiting lists by "guaranteeing access to treatment within 18 weeks"
    • 22. Reinstate housing benefit for under-21s
    • 23. Build over one million more homes, with at least half for social rent
    • 24. Make 4,000 additional homes available for rough sleepers to end homelessness.
    • 25. Extend high-speed rail link HS2 to Scotland
    • 26. Build Crossrail 2 - to run north-south through London between Hertfordshire and Surrey - "to ensure our capital continues to prosper"
    • 27. Build a new Brighton main line for the SouthEast
    • 28. Establish a Scottish Investment Bank, with £20bn for local projects and Scotland's small businesses, creating work and stimulating the economy
    • 29. Build on the Development Bank of Wales using more than £10bn from Labour's new National Investment Bank


    How does he expect to pay for all that with a £771 billion yearly budget - half of which is already consumed by social services and the NHS - things that he wants to expand?

    Now before his supporters claim he's somehow going to fund these project by taxing the rich; I'd just like to point out that in his 2017 Manifesto, the extra tax that was calculated in total is only £48.6bn.

    ...and to £30 billion of that is pledged to go straight into the NHS - so how does he expect to even fill all the potholes in this country with a meagre 18 billion while not cutting any of the things we pay for aside from trident - you know, that thing that guarantees prevention against nuclear annihilation.

    For reference, this is coming from a completely bias perspective, but all of the things I have listed are facts that were openly pledged. I've yet to see any justification for how he is expected to finance policies which cost enormous amounts of money. I know he's going to borrow a tonne of money (which the next government will have to try and deal with) which will, of course, increase our debt, but is there seriously any other sustainable way this man has pledged to raise enough money to pay for even a fraction of his shopping list?
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    Don't worry - Diane Abbott did the calculations.
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    Study Helper
    Corbyn is the Walter Mitty of politics relying on the maths skills of Dianne Abbot as the accountant.
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    I liked Corbyn... until he opened his mouth.
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    Not do the stupidly expensive HS2 railway? Oh wait...
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    With TAXES. Better placed taxes. Look at the expenses our government can afford NOW with our taxes. The monarchy being one. Why aren't you asking how we can afford 300 million a year for those parasites exactly? Surely war expenses and monarchy expenses better spent on health care? Being a Republic is a step to saving this country. We're the only country that allows royal parasites to leech off us to that extent.

    Listen, other countries have free University tuition and for internationals. Can you not see we are miles behind? The Tory's 'austerity' in place to favour the rich is what is making you see this as not affordable. You have fell for the lies from the elite I'm afraid.

    I'm just arguing against this 'let's leave things as it is and struggle for the benefit of the rich' attitude.
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    (Original post by RogerOxon)
    Don't worry - Diane Abbott did the calculations.
    Like the Tory's uncosted manifesto, you mean?
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    (Original post by Plus7)
    With TAXES. Better placed taxes. Look at the expenses our government can afford NOW with our taxes. The monarchy being one. Why aren't you asking how we can afford 300 million a year for those parasites exactly? Surely war expenses and monarchy expenses better spent on health care? Being a Republic is a step to saving this country. We're the only country that allows royal parasites to leech off us to that extent.

    Listen, other countries have free University tuition and for internationals. Can you not see we are miles behind? The Tory's 'austerity' in place to favour the rich is what is making you see this as not affordable. You have fell for the lies from the elite I'm afraid.

    I'm just arguing against this 'let's leave things as it is and struggle for the benefit of the rich' attitude.

    As yes the monarchy that generates revenue. The monarchy that is funded by the crown estate. The crown estate that pays 80% tax. Money that is spent on the monarchy would be spent on a president instead. Not to mention £300million is a completely insignificant value within the amount required to make Corbyn’s plans reality.

    In terms of war expenses, I don’t think the gassing of civilians should be left alone. I also assume you mean the encompassing defence budget. The UK Army is a humanitarian organisation, it needs the funding it gets.

    Don’t get me wrong, austerity is a load of ****. But Corbyn’s plans -and yours- are considerably worse.
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    My dad is paying half
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    (Original post by WhatIsLife1)
    As yes the monarchy that generates revenue. The monarchy that is funded by the crown estate. The crown estate that pays 80% tax. Money that is spent on the monarchy would be spent on a president instead. Not to mention £300million is a completely insignificant value within the amount required to make Corbyn’s plans reality.

    In terms of war expenses, I don’t think the gassing of civilians should be left alone. I also assume you mean the encompassing defence budget. The UK Army is a humanitarian organisation, it needs the funding it gets.

    Don’t get me wrong, austerity is a load of ****. But Corbyn’s plans -and yours- are considerably worse.
    https://www.republic.org.uk/ Have fun. Educate away. Please stop being a brainwashed little sheeple. Thank you. Good day.

    https://www.republic.org.uk/what-we-...s-good-tourism
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    You've chucked in a huge list of policies - most of which don't actually cost that much. Trust me, the Ministry of Justice won't go bankrupt if we abolish employment tribunal fees.

    If we can spend 100bn on Trident (which I think we broadly should) we can also spend on police officers, healthcare, infrastructure and education. This isn't 'spending' for spendings sake. It is investment. If you build railway lines you boost local economies, you create jobs and you reap the rewards of that progress for decades.

    You've chucked in increasing the minimum wage as if its a bad thing for employers to pay staff enough to eat and live. Not to mention, that money isn't coming from the government. It's from the companies. By increasing the minimum wage you also relieve burden on social services that subsidies employers that pay pittance wages.

    I'll agree that some of those need to be looked into further and might not be viable. But you cannot present a huge list as if all of those things are unaffordable.
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    (Original post by ReadySalted28)
    My dad is paying half
    Is he a Saudi prince?

    LOL
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    (Original post by gimmeajob123)
    You've chucked in a huge list of policies - most of which don't actually cost that much. Trust me, the Ministry of Justice won't go bankrupt if we abolish employment tribunal fees.

    If we can spend 100bn on Trident (which I think we broadly should) we can also spend on police officers, healthcare, infrastructure and education. This isn't 'spending' for spendings sake. It is investment. If you build railway lines you boost local economies, you create jobs and you reap the rewards of that progress for decades.

    You've chucked in increasing the minimum wage as if its a bad thing for employers to pay staff enough to eat and live. Not to mention, that money isn't coming from the government. It's from the companies. By increasing the minimum wage you also relieve burden on social services that subsidies employers that pay pittance wages.

    I'll agree that some of those need to be looked into further and might not be viable. But you cannot present a huge list as if all of those things are unaffordable.
    It is the result of years and years of this austerity and class divide. It's really worked wonders for the brainwashing of the sheeple element. One, and the only thing thing I commend the Tories for is their knack for that. Neoliberalism is what's killing this country.
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    (Original post by NonIndigenous)
    Is he a Saudi prince?

    LOL
    Ruler of Dubai. I'm the Prince. AMA
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    (Original post by HighOnGoofballs)
    Thus far, the only answers I've received are borrowing and taxing - both of which aren't good enough In my eyes. Maybe I'm missing something - good, I hope I'm missing something. And I genuinely do hope I'm wrong on this one because if I'm not, it would be startled to come to the realisation that millions of people have bought into these fantasy promises.

    These are some of Corbyn's most expensive policies:
    • 1. Scrap student tuition fees
    • 2. Nationalisation of England's nine water companies
    • 3. More free childcare, expanding free provisions for two, three and four-year-olds
    • 4. Hire 10,000 new police officers, 3,000 new firefighters
    • 5. Deliver rail electrification "including in Wales and the South West".
    • 6. Bring the railways back into public ownership as franchises expire
    • 7. Create at least one publicly-owned energy company in every region of the UK, with public control of the transmission and distribution grids.
    • 8. Boost wages of 5.7m people earning less than minimum wage to £10 an hour by 2020
    • 9. Create a National Transformation Fund that will invest £250bn over ten years in upgrading the economy
    • 10. A National Investment Bank as part of a plan to provide £250bn of lending power over the next decade for infrastructure
    • 11. Deliver universal superfast broadband availability by 2022
    • 12. Raise minimum wage to "at least £10 per hour by 2020"
    • 13. End the public sector pay cap
    • 14. Abolish employment tribunal fees - so that people have access to justice
    • 15. A National Education Service for England to incorporate all forms of education
    • 16. Overhaul existing childcare system and extend 30 hours of free childcare to all two-year-olds
    • 17. Reintroduce maintenance grants for university students and abolish university tuition fees
    • 18. Free school meals for all primary school children, paid for by removing the VAT exemption on private school fees.
    • 19. Scrap NHS pay cap
    • 20. NHS will receive more than £30bn in extra funding over the next parliament
    • 21. One million people will be taken off NHS waiting lists by "guaranteeing access to treatment within 18 weeks"
    • 22. Reinstate housing benefit for under-21s
    • 23. Build over one million more homes, with at least half for social rent
    • 24. Make 4,000 additional homes available for rough sleepers to end homelessness.
    • 25. Extend high-speed rail link HS2 to Scotland
    • 26. Build Crossrail 2 - to run north-south through London between Hertfordshire and Surrey - "to ensure our capital continues to prosper"
    • 27. Build a new Brighton main line for the SouthEast
    • 28. Establish a Scottish Investment Bank, with £20bn for local projects and Scotland's small businesses, creating work and stimulating the economy
    • 29. Build on the Development Bank of Wales using more than £10bn from Labour's new National Investment Bank


    How does he expect to pay for all that with a £771 billion yearly budget - half of which is already consumed by social services and the NHS - things that he wants to expand?

    Now before his supporters claim he's somehow going to fund these project by taxing the rich; I'd just like to point out that in his 2017 Manifesto, the extra tax that was calculated in total is only £48.6bn.

    ...and to £30 billion of that is pledged to go straight into the NHS - so how does he expect to even fill all the potholes in this country with a meagre 18 billion while not cutting any of the things we pay for aside from trident - you know, that thing that guarantees prevention against nuclear annihilation.

    For reference, this is coming from a completely bias perspective, but all of the things I have listed are facts that were openly pledged. I've yet to see any justification for how he is expected to finance policies which cost enormous amounts of money. I know he's going to borrow a tonne of money (which the next government will have to try and deal with) which will, of course, increase our debt, but is there seriously any other sustainable way this man has pledged to raise enough money to pay for even a fraction of his shopping list?
    Listen... I know it sounds ambitious, but I recon we can make it work with these few steps:
    - nationalize infrastructure by seizing it (that way we don't have to pay, see? Clever innit. wink wink)
    - raise taxes on the rich to 80%, seize all properties from people owning more than one
    - print loads of money (it's kinda like a back-door tax, making people's money be worth less while printing more for yourself in the government)
    - sack all the banks
    - jail dissidents, kill them if they're rich (too big a threat otherwise)
    - etc.

    Easy. Been done before. But those weren't real communists, it's why they failed.
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    What the hell does "upgrading the economy" even mean?
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    (Original post by Plus7)
    .
    What a wonderful, unbiased source you have there. Really shows both sides of the argument in equal measure and detail. I also never mentioned tourism, see the second link.

    Also really well done focusing on one tiny part of an argument, ignoring the actual statistics on money saved and how negligible and irrelevant the savings would be. Honestly 10/10 for the strawman.

    You are the deluded one. Most likely a 20-something year old champagne socialist with no clue about anything.

    As far as openly bias sources go, 2 can play that game: https://www.thecrownchronicles.co.uk...of-government/

    And here’s another: http://uk.businessinsider.com/5-reas...the-uk-economy

    ‘Have fun. Educate away’
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    He's going to spread his bumcheeks and allow the Saudis to impregnate him for cash.
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    (Original post by NonIndigenous)
    What the hell does "upgrading the economy" even mean?
    Modernising it.
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    (Original post by gimmeajob123)
    You've chucked in a huge list of policies - most of which don't actually cost that much. Trust me, the Ministry of Justice won't go bankrupt if we abolish employment tribunal fees.

    If we can spend 100bn on Trident (which I think we broadly should) we can also spend on police officers, healthcare, infrastructure and education. This isn't 'spending' for spendings sake. It is investment. If you build railway lines you boost local economies, you create jobs and you reap the rewards of that progress for decades.

    You've chucked in increasing the minimum wage as if its a bad thing for employers to pay staff enough to eat and live. Not to mention, that money isn't coming from the government. It's from the companies. By increasing the minimum wage you also relieve burden on social services that subsidies employers that pay pittance wages.

    I'll agree that some of those need to be looked into further and might not be viable. But you cannot present a huge list as if all of those things are unaffordable.
    Hi. I’m inflation. Increasing minimum wage to £10 will make me skyrocket!
 
 
 

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