I am not an economist and hold my hands up that I don't 'get' the finer nuances of financial matters, so please forgive me if my ignorance is showing.
The photo attached highlights something that has perplexed me for years. We are constantly told, by government, that 'market forces' must not be interfered with, however the bailout for bankers demonstrated quite clearly that governments do intervene and use huge sums of money to 'shore up' some businesses.
It is apparent that the government, through payment of (much needed) benefits, subsidises extremely profitable businesses by permitting them to pay their staff very low wages, and then picking up the tab for the shortfall in people's basic living costs. Is it not within the realms of possibility for the government to reclaim such money from the excessive profits companies make?
Where is the justice in this? I hear so much (far too much in fact) about 'benefit scroungers', but never about shareholder scroungers, company scroungers, business scroungers etc. - and yet look at the sums involved in just these four examples. Why is it that people talk disparagingly of one, but rarely (never?) of the other?
grannyactivist Mon 11-Oct-21 13:07:58
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Ilovecheese Mon 11-Oct-21 14:51:45
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trisher Mon 11-Oct-21 15:08:53
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Dinahmo Mon 11-Oct-21 15:26:37