Quote:
Originally Posted by DemolitionRed
You do realize that spending comes before tax and the only thing tax is used for is paying off interest on government debt? We don't have a special pot for consumer spending or salary contributions!! QE works, providing the money is invested and guarantees a return (in tax). Therefore, investing in education is a very secure spend because the more educated professionals we have, the more they earn and the more they earn, the more they spend. That's a double whammy on tax return.
To suggest we will be paying, through our taxes, to educate students just shows a lack of understanding around how tax and deficits work. If we didn't have a deficit, the money machine would come to a grinding halt.
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http://www.express.co.uk/comment/exp...debt-manifesto
So you say, but information you have presented before has been questioned.
Like most things the size of the national deficit is relevant. Very high Government debt can slow down the economy and increase taxation to pay for it. According to the latest Article IV report on the UK economy the IMF said that maintaining deficits and debts at high levels would also constrain the space to respond proactively to future large negative growth shocks.
It is clearly not in our interests to have a very high national deficit which is what we would have to finance Corbyns' grand plans. Talk is cheap, action isn't.
Personally I do not support a policy that expects those earning less to pay for a higher level of education that will likely provide much higher earnings for the beneficiaries. In principle it is wrong. If you want to benefit from higher education and the benefits it brings you have to expect to contribute.