GrannyGravy13
nadateturbe so why do people work to pay bills too live and to save, to put something by for a rainy day.
Some save more than others, some have more than others, rather than punishing those who have more what about enabling those who have less to earn more and therefore save more?
People wo work to pay bills and put something by for a rainy day are nowhere near in the same league as people who have £millions and £billions which, apart from buying very expensive items, like multiple houses and fine art as an 'investment'', not to use, mind you, just to increase their wealth,; or speculate on the money markets to increase their wealth, not to do anything productive with it, just to increase it.
No-one grudges people enough to enjoy comfortable lives and to be safe from want in their old age. And, clearly it is pointless to try to put a figure on what that amount might be, because everyone's idea of 'enough' is different. Some people would just like to have enough to eat and heat (and now to pay for LFTs), because a few million of our citizens can't even afford both.
rather than punishing those who have more what about enabling those who have less to earn more and therefore save more?
Well, the problem with this, GG13, as I believe I pointed out on another thread recently, is that there is at any one time only a finite amount of 'money' in existence and 'the rich' tend to suck most of it into their bank accounts (in tax havens) by being the people who profit from everything bought by the less well off. Either by share dividends, rents or just having 'top jobs' in businesses.
I know that I say that no government can run out of money, and by the way that the supply of money in the economy has increased over the years it is obvious that governments do create more money, but as far as the money being productive, contributing to everyone's well being and comfortable lives is concerned it is rather like pouring it into a black hole if 'the rich' suck it out of the economy.
As this money is supposed to be for the benefit of everyone in a country, public money, why should it be concentrated in the hands of a few?
There is some figure floating around that suggests that 'the rich', a tiny percentage of the world's population (less than 1%, I can't remember the actual figure) have more wealth than the combined GPD of all the world's countries. Most of it doing absolutely nothing at all...not even being spent. Just hoarded.