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Old 19-05-2017, 12:32 PM #5
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DemolitionRed DemolitionRed is offline
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Quote:
Originally Posted by the truth View Post
Almost every econ omic indicator says so, so why doesnt it feel like its booming

Both stock markets are way up...dow jones up 1000 points since trump thats 5% worth 100s of billions...since brexit its up even more nearer 10%

The unemployment rate is down to a record 4.4% the lowest in the us for over a decade...trumps reign has seen a net gian of nearly 500,000 jobs

In the uk unemployment is down again to 4.7% the growth in gdp is up and exceeded predictions

The stock markets are up a whopping 22% 27% and 33% since brexit

The pound has risen after a big fall, its now back to 1.29 thats a fall of 13% since brexit

The steel industry has made a miraculous comeback

BUT scratch the surface and wages have stagnated for many years, disposable incomes for the working classes have fallen and the gap between rich and poor is the highest since maggie thatcher milk snatcher rode into power and smashed society
You only have to look at 'The Manifesto for tax justice' to see what's gone wrong http://www.taxresearch.org.uk/Documents/Manifesto.pdf


1. The biggest ever tax gap in history.
2. The lowest number of staff ever employed by HM Revenue and Customs.
3. The lowest effective rates of corporation tax in its history.
4. Low levels of tax for its banks.
5. High levels of corporate tax avoidance.
6. Significant errors in tax administration.

Your note about low unemployment is right. The problem is, when you get rid of one full time job and replace it with four part time zero hour contract positions, those staff are unlikely to pay tax (and of course, tax is what gives the government revenue) but three more people are employed so it looks good on the Tory employment statistics!
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