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

People think it comes from a magic money tree.

Oh please. Don't insult people's intelligence with this cliched crap.

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
This is the problem. I don’t think it’s that there isn’t enough money, it’s that the money isn’t shared equally amongst everyone. Working hard does not mean you will be well paid and end up rich.

Some of the lowest paid people I know also work the hardest to keep society ticking over.

Hyperinflation happened more recently in places like Zimbabwe. The government printed lots and lots of money, and it meant that things like shampoo cost the equivalent of hundreds of pounds.
Just printing money doesn’t work.

Paying them more money will mean we will all be taxed more. A lot more. And whilst I understand they do a great job, I happen to work bloody hard for my money too and can’t afford to donate more of my salary to the tax man. The government will have to get the extra money from somewhere.

We will be in a depression with much higher taxes on nurses, teachers and all the rest of us. it is going to be awful because we chose to protect a very few and damaged vast numbers of people's lives for a generation. It was the wrong call to lock down.

In countries like Denmark and Sweden taxes are, I think, around 50% of people’s wages. In exchange they have a fantastic welfare system. But they have a successful economy and high employment and people accept very high taxation to pay for the state healthcare.

Under the current system it comes from the future, via taxation. Our children, and their grandchildren's children, will be paying this back for generations. (Did you know income tax was originally instituted to help pay for the Napoleonic Wars?)

Or you could look at it as a construct. It hasn't always been pieces of tin and plastic-coated paper with electronic impulses flying hither and thither. In the past, in other countries, it's been conch shells and kebab sticks; in the Roman army soldiers received some of their wages in the form of salt. (Hence the word salary.)

But we can't go back to a barter system while there are 8 billion people on the planet, so under the current system there needs to be some kind of exchange system. And under the current system, skills like being able to stand up and talk for hours to other people of the same class (mainly) in a big old crumbling building is valued more than being able to grow food, or look after people and stop them from dying, or at least give them as comfortable a passing as possible.

It's one of the reasons I'm not a fan of all the clapping. It's a cheap gesture (have a look at who came up with the idea originally). I'd rather see a more evenly divided "pot" overall and medics and all the other keyworkers paid or rewarded better, but then we'll get into Star Trek territory so I'm fairly sure it's not going to happen in my lifetime.

Like the money for HS2?

And foreign aid?

They have billions.

OP you do realise money is a made up concept? I'm pretty sure the amount of money in circulation hasn't been linked to or backed by gold for about 50 years.

Where do you think money comes from OP?

Thing is you have to draw the line somewhere. The government can’t keep paying out for shit unless they raise taxes by a country mile

They can’t just pick it of a sodding tree, despite what some think.

@Xenia lockdown isn't just about preventing death, it's mostly about protecting the NHS. Without lockdown the NHS would be so overwhelmed it wouldn't be functional.

It is however, as you say , a very expensive solution with each life saved costing about £500,000.

Ah well we will sell bonds to provide funding. But who will buy them?

Close tax loopholes
Stop funding the irrelevant royal family, their family events and security
Sort out the likes of Amazon and FB
Make the banks answerable to the last crash, and to pay up
Prohibit immoral bonuses
Make all investments declarable for tax purposes, not just those in the UK
Make private medicine 100% that - no jumping back and forth as it suits you. Jumping the queue for testing currently gives you a free queue jump for treatment. If you have private insurance you pay for your ambulance
Stop the tax tricks used by private schools
Tax the fuck out of footballers
MPs to have a pay freeze the same as they applied to public services
House of Lords pay to stop
Remove stamp duty below £500k, but add to it above that

We literally piss money away to the privileged

@Nearlyadoctor let's agree to disagree.

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

He earned £10k in one month? That’s a hell of a lot of overtime. You can’t find out where your tax goes, it all goes into one pot. If we knew where our individual tax went, we could choose what it was spent on.

A paramedic earning enough to pay £2k tax in one month? I think that highly unlikely!

Stop shovelling money into the farce that is HS2? That should free up a few quid to start with.

Basically it’s a matter of priorities. There is money. It’s how you choose to spend it.

What @Bunnyfuller said, plus scrap Trident.

Of course the money has to come from somewhere, and I'd happily pay more for what it's worth, if I felt it was being spent in the right places and justified. Not just if I benefitted directly. The Scandi models work, they pay huge tax but have much better quality of life through every stage as a result.

OP, have you not been wondering where the £10,000 each that MPs have received for simply working from home?
There’s money. There’s a lot of money. It’s just been given to all the bastards in the elite.

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

Agree
We value and normalise all the complete ducking SHIT we spend money on that is not necessary , and damages the environment

And defend it to the bloody hilt as
Our human capitalist right

Anyway it’s all tough shit as tax has to be increased now

There’s a lot of money. It’s just been given to all the bastards in the elite

Firstly MP don’t get paid that much secondly £10k in the grand scheme of things is fuck all

@Nearlyadoctor well in a way NHS staff are taxed more than many. As any overtime is counted as a separate contract of employment, and therefore as a second job. So we would pay 40% tax on that.

OP, have you not been wondering where the £10,000 each that MPs have received for simply working from home?
There’s money. There’s a lot of money. It’s just been given to all the bastards in the elite

They’re not getting it automatically. It’s available for office equipment and they have to produce receipts.

Well, yes... the same period over which our manufacturing and exporting industries have declined

Still in the top ten of manufacturing and exporting nations, our currency has declined because we were once in the top 3 and now we are not because we cannot compete with Asia/S.A (due to wages and compete lack of RnD) joining the Euro may have helped us enormously, as it did Germany, though the Mark was a global currency regardless, we tend to allow the selling off of successful companies and don't invest in new production lines as much as we should, as the share price rules.