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

It is a magic money tree though - it isn't linked to anything of true value and because of this, it has been abused over the years and is very much out of control now. We have a debt economy and it is about to go tits up for this reason.

Due to the above, they very much do deserve the money. If it isn't spent on them, no doubt it will end up down another mystery financial black hole or on some project that falls through. At least if the money goes to frontline workers, they are shown some appreciation for the awful things they are confronted with right now and it will actually end up in the economy eventually.

Money does NOT come from tax-Dodgers.

I agree and again, I’m not saying the NHS aren’t deserving, but nobody associates that £26 a day coming from their own pocket.

One thing I was thinking the other day.

If there is a worldwide recession, where does the money go? The world economy has a set amount of worth. The world has a set amount of resources. The same amount of land, gold, oil, whatever.

Yet the world will go into recession and be worth less next year than this. So where does that money go?

Some things like disposable PPE, medicine, food etc are consumed and gone. But that will be a tiny % of the world value.

Money moves between people and companies and organisations. But if it can just disappear where the fuck does it disappear to? Someone must have it or does the world have a giant sofa it disappears down the back of?

Being very literal, after this is done the world should be slightly better off financially as so many elderly or vulnerable people will die and no longer need pensions, care etc.

I mean trillion! £1.8 trillion. Sorry was googling for that amount

www.ukpublicspending.co.uk/uk_national_debt_analysis

Alsohuman I got a letter with a pie chart from HMRC it's called a annual tax summery it didn't have refuse collections so that was wrong
Refuse is a local service paid for from Council Tax and therefore not included in income tax/NI

But if it can just disappear where the fuck does it disappear to
This is because none of it is actually real, it’s just a made up system.

Flowery Curtain I agree! Money seems to come from "nowhere" depending on the Govt ATM!

I find it all frightening and mind boggling. It's all so complex.

Money are being borrowed by Govt at the moment and then in later day tax payers will have to pay the debt off. So we will get increased taxes and will pay for the rest of our and our children lives. Then we will add Brexit bill and the National Debt to the mix. Oh good times are coming. With immigration being stopped from next year we will have less young & fit workers who can contribute in the tax pot and more ageing people in the population who will keep draining NHS and benefit system without paying anything in. Think about it - where all these benefits and free money will be coming from.

The country doesn't have money in the bank. It has defecit. This means in basic terms, in overdraft! This debt is left over from the world wars!! So osterity was designed to try and get rid of it. The end goal being that the debt gets cleared and the country starts taking in more money than it pays out.... it was working for a while and the debt was getting smaller. But now that's going to go to shit!

There is so much that is factually incorrect in this^

-the ‘deficit’ is usually used to describe the difference between current government spending and tax take.

-it started long before WW1

-this deficit grew after the gfc in 2008

-Austerity was a political idea based on ideology not economics.

-There was NEVER any plan by ANY political party to reduce the UK’s overall debt to zero.

-The UK’s overall debt INCREASED under austerity.

-a healthy modern economy needs debt - to make the household comparison - someone with some debts, well managed has a better credit rating than someone with no debt.

-Government debt is a good use of money if it is used to invest in the economy (eg spending on health, education as well as directly on economic policies)

There is money available when the government wants to spend it. It’s about political priorities. We can afford wars, royals, Westminster refurbishment (and costly alternative premises for MPs who were offered a free alternative in Birmingham), for triple lock pensions, Trident.

I pay £1200 tax a month on my payslip. I’d pay more for Scandinavian services. For the first time I feel like my taxes are justified.

At the moment we are facing Keynesian recovery. Spending on wages and public services isn’t charitable- it’s sensible. Today’s ‘handouts’ mean tomorrow’s tax returns.

unless the handouts go to tax-Dodgers.

Reply to #verity

Sorry, I should say we have current debt left over from since ww1

I thought the government were trying to clear national debt? Why else would there be austerity? Or at least reduce it. It's what they are measured on globally.

Thank you for clearing some things up tho. I don't know all the correct terms history etc

Re nurses wages and politians £10k. There are a hell of a lot more nurses than there are politians. So the total cost of giving them £10k more each is still considerably less than it would be raising all nurses wages. I do agree that nurses should be paid better tho. But unlikely. They will be paying the cost of this back just like the rest of us

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?
Leaving aside that despite what you have read in the tabloids, MPs have NOT been gifted £10k to spend on duck houses, it is important to remember that a significant proportion of government cash doesn't come from us. Instead it's coming from our children and grandchildren as it's debt. That figure was around 5% before all of this kicked off, it'll be a lot worse now.

Nurses are in the wonderful position of being needed. They won’t be redundant unlike millions of others. They could be worth quite a lot in the next few years! A job will be of great value.

The reason homes are expensive in London is supply and demand. It’s not just about availability of money for mortgages. It’s also fuelled by bank of mum and dad. There are not enough homes full stop! It’s more to do with availability of land and prime sites with good transport links will always be in demand. We also have a lot of foreign investors in London. Some work here and pay taxes here.

The reason homes are expensive in London is supply and demand.

That's not the only reason, low interest rates has been a huge driver.

I don’t understand why posters cannot see the small amounts paid to people such as MPs (who earn less than lots of Doctors) and the Lords (many of whom are eminent in their field) is a drop in the ocean and really has nothing to do with the pay policy and the £140 billion paid to keep the nhs running each year. What we need is a revision of what the nhs should actually do. How else could we fund some services. Germany has a different system and better care. We need to review what we do and how we pay for it.

Low interest rates were not in evidence before 2008. Prices still rose.

www.google.co.uk/amp/s/www.independent.co.uk/news/business/news/uk-house-prices-rise-interest-rates-mortgages-bank-of-england-a9258196.html%3famp

The Govt has double standards. When the Independant Pay Review body recommended MPs receive an 11% pay increase they awarded it to themselves, (" it was an independant recommendation")
When the Independant Review Body for Nurses, Midwives and Health Visitors recommended a pay increase of 3% the Govt declined to award any pay increase. (" it is only a recommendation")

Re better healthcare in Scandi countries, in Sweden at least, in addition to higher general taxation there are modest charges for visits to the GP and A&E, for the ‘hotel’ element of hospital stays, and everybody pays something for prescriptions, with an annual cap for those who need a lot.

I was informed of this by a Swedish friend.

Maybe it’s time we did the same here, not that I can imagine any govt. of whatever colour having the nerve, when ‘free at the point of use’ is such a sacred cow.

I would be in favour of a more European style health service but I think too many will be against it