Where do people think money comes from?

[MrsBlobbyOnLockdown]

Everyday we are hearing pay the NHS an extra 30% pay them £26 per day extra is the latest one.

I’m not disputing they deserve it of course they do & if we had an endless supply of money it’s the first place it should go.

But seriously, where do people think all this money is coming from?

What are your thoughts

Unless there’s a major systemic change long term then the NHS will stay the same.

We don’t nurse for the money, we nurse because it’s our passion and our duty

People in this country want Scandinavian style funded public services with American style taxation, you can't have your cake and eat it.

People think it comes from a magic money tree. They have no idea how a functioning economy works and what taxes are for.

Money is literally invented by banks. The money they lend does not exist until they lend it. That is where money comes from. Debt. It is a concept and we should make it work for us.

Where do you think 'money' comes from, OP? There is literally an endless supply of it.

It’s almost as if money for the NHS grows on the side of buses.

It grows on trees. At least, that’s what my children seem to believe

Do you know i genuinely think this is such an interesting question.

Since money doesn't relate to gold anymore I just can't understand why we don't just print the money for what we want?!

Can anyone recommend a basic starter book on economics? I feel I need to learn!

People always thinks money comes from someone other than themselves.

@flowerycurtain can't work out if you're being sarcastic or genuinely don't understand.

www.economicshelp.org/economics-a-z/

Try this one?

Where did the £10,000 extra payment to MPs come from? Where does the £280 per day 'salary' to the old farts who snooze in the House of Lords come from? Where does money for the Royal Protection units come from? Us. The tax payer. Don't you want it shared a bit more equably OP?

I think people can’t grasp the scale of the cost of this, the billions and billions it is costing. So they think we can keep shut down, we can keep paying wages, grants benefits, we can pay people more if they deserve it, invest more in the nhs, buy millions of kids laptops. I think they just can’t grasp the scale of it and why it will stop or can’t happen.

How about we close all the tax loopholes and make big businesses pay what they truly owe

Well, we were told for 10 years "There is no money Labour spent it all" no money for roads, NHS, schoold, let alone nurse pay rises....

YET, now there is a veritable forest of money trees, we can bail out Virgin, underwrite loans of 350 billion, business rate cuts, pay millions to stay at home, give the NHS billions, treat 100s of 1000s of people, build new super hospitals and Sunak says we don't need extra taxes to pay for it..... So he will print the stuff i assume?
Or it doesn't matter any more, we can borrow and then borrow some more when this lot runs out and as every country in the world is borrowing or printing their way out of this crisis, we are all in the same boat together, so can write of all this borrowed money because who the fuck are we borrowing it off???!!!

If we pay more tax we get better public services. I'd be happy to defund tridant to get some extra too.

I also think people don't realize that national economics isn't the same as a household budget investment actually stimulates the economy.

@flowerycurtain we did print a lot of money in the last recession. It’s called quantitative easing. The problem with lots of extra money floating about is it causes inflation. Ie you might have £100 in your hand but you go to the shop and find a cucumber is now £25 and your favourite bar of chocolate £50.

Is it not a political thing? Suggested by the liberals?

The present government will know there is not enough money so will say no.

The liberals will then look like the good guys and the current government will look like they don’t care about nurses and be the bad guys.

So the liberals will hope we all vote for them now we know they care about nurses.

I hate politics.

Trees, duh

@ Elieza

That is honestly an incredibly daft comment! The conservative government have massively underfunded nurse training grants and now we have thousands of positions vacant. Who do you think is going to patch you up if you're in a car accident? The fact is plenty of countries do properly fund their healthcare system.

The current government have massively devalued our currency and shrunk our economy by embarking on Brexit and their slugging response to Covid (without which we could be beginning to think of emerging from lock down) - I don't see anyone questioning where the money is coming from for all that.

@justanotherneighinparadise

..but QE didn't cause inflation, we ve had very low inflation rates across the world, borrowing rates too, been like it for a decade.

So printing and borrowing isn't sooooo bad after all.

Perhaps if MPs were paid less and NHS staff were paid more it would be fairer.

Also NHS workers are taxed ridiculously and it has to stop. My paramedic fiancé did some overtime and as a result was taxed over £2000 in just one month. He investigated where this money was going and it turned out most of it went towards 'government admin' so not even something vital. He's such a hard worker and it's just not right. £2k is our entire wedding budget.

"It’s almost as if money for the NHS grows on the side of buses."
lol

I just can't understand why we don't just print the money for what we want?!

We can. It's called 'quantitative easing'.
We print more pounds. But that means the exchange rate versus other currencies falls. As we import more than we export, that's not good. It also devalues savings and pension funds.

Some fools talk as though businesses are the enemy. Actually, businesses which create value - exporters, farmers who grow food, 'knowledge' industries like pharmaceutical companies but also universities (selling something people want) are what matter more ultimately than 'money'.

@Coffeecak3 being genuine. I'm a vaguely normal level of intelligence person but what @jasjas1973 said makes complete sense to me.

No money for years then we can suddenly magic it up. Why can't we carry on magic in got up?