Savings and Investments thread

If we spent money at the grocer's back in the day, that money circulated back into the local/national economy. Wages stayed local and profits stayed local. The money kept circulating and the economy grew. But that local multiplier has collapsed.

We have spent the last 20-30 years breaking that system down, and allowing money that's spent in this country to be taken offshore. Even critical infrastructure has been handed over to foreign ownership. If profit leaves the country and isn't taxed here, the government leans more on PAYE, NI, etc. to fill the gap. It's a circle that will continual to get worse and worse, but nobody wants to take it on and spook the markets, because the markets are our lord and god. 

So instead we increase the individual tax burden, which leads to less disposable income, and less money to grow the economy - and yet, even if we were spending more, most of the profit wouldn’t be staying here anyway.


I don’t see any hope for this country, I really don’t. The economies that are going to thrive in the coming decades are the ones where the profit is being taken. No government will take this on because they can't spook the markets, even while the markets continue to bleed us dry.