Why the sudden largesse, Oh Tory Ones?

[Miljah]

How stupid must you think we are?

Admittedly, 37% of the country appear to lack analytical skills- or be wealthy enough to short Sterling...

However, if you had all this cash ready to spend on public services over the many years you have been in power... why the fuck haven't you?

You disgust me.

Locally our Tories are promising the universe too. Despite them having been able to deliver nothing for years.

Didn’t Labour promise the universe at the last election? It’s what they do apart from 2010 when Cameron was elected to make cuts. No one does what they say anyway.

There are parallels from history. Worrying ones.

They disgust me too Op.

Magic money tree.

Magic Money Forest, fertilized by the golden shit of the herds of unicorns.

(Not "golden shot," turn off Autcorrect.)

Promising gigantic handouts seems to work for St. Jeremy, so why not?

Neither party should be making unaffordable spending promises.

At least the Labour ones were costed and tax increases to corporation and higher rate announced, so we can make a choice.

The Con plans will have to be funded by higher borrowing and/or indirect tax increases, they have already announced higher council tax for social care :(

But we don't know, they are not saying, hardly transparent.

Not quite sure why this vital service should be funded only by a property tax?

In what way CendrillionSings, is it working for Corbyn? Any support he has is largely due to the vain hope he might come down on the side of Remain, or his insistence on a People's Vote.

I don't thing many are buying into the more Trotsky end of Labour fantasy, though I suspect cutting tax breaks for private schools would be a winner!

At the end of the day, Corbyn is for 5 years, Brexit is for life.

My point is that the Torys, unlike Labour, have had it in their gift to delivery all this public money largesse for many years- but have decided to start 'spaffing' it around as long as we re-elect them.

Then they'll borrow, borrow, borrow; government contracts will go to their Tory voting mates, who will massively overspend and under-deliver, companies will go into liquidation, though their Boards will have trousered millions of public money; other Tory boys will snap up the failed companies at bargain basement prices, the government will pour our taxpayer cash into said companies as they cannot be allowed to fail, given that they will be by that stage providing all essential public and social services. And repeat.

Didn’t Labour promise the universe at the last election?

And the Tories made political capital out of it. Now, suddenly, they have lost their memories and it's as though their nine years of austerity never happened. I hope no one is daft enough to fall for their promises, because they will be forgotten as soon as they get elected again.

Pisses me off that they are banging about extra funding for schools when the reason schools desperately need extra funds is because the Tories have run them into the ground.

And the extra funding still is nowhere near enough! Takes us back to the level of funding of 9 years ago and prices have gone up since then.

BJ was on Radio 4 this morning claiming that in the event of a No Deal Brexit and the financial hit that will cause, there’ll still be money for new hospitals. Liar.

If there is really a load of money in the pot, it’s been stolen from the public and the public sector.

It doesn't work for Corbyn either. Being shit like Corbyn isn't something to be proud of.

Absolutely the Tories will spend money on big infrastructure projects, which will be carried out by their director friends in big business, who will siphon out all the public money, run up huge debts, the company will go bust. 1000s out of a job while directors richer by millions.

The greed, immorality and lies are despicable.

But otoh JC is not providing a credible alternative so we are totally and utterly fucked.

They can print money, issue debt etc. The magic money tree exists far more for the Tories than it ever could for Labour due to the financial markets' view of Labour's total inability to handle the economy. Consistent with this, the deficit created post crisis was handled via austerity - so the Tories have proven they can reign it back in. Labour have no such track record (quite the opposite) so would be far less likely to be able to sustain increased spending in the first place.

Megan- by 'reign it back in', do you mean 'renege'? Because that is what will effectively happen.

But hey, a nation that apparently believes slogans on the side of a bus won't think that far ahead, or do a 5 minute analysis of recent history, will they?

No I mean that they (Tories) have proven they can repair a hole in public finances (by implementing austerity after financial crisis).

Everyone sneers about the magic money tree but I think it's quite a good thing.

It's obviously only a good thing for you @MeganBacon if the Tories use it.

How so Bellini? Genuinely have no idea what you mean. I am pretty sure I will benefit less than most from increased infrastructure spending but I still think it's a good thing for the country. Why are you trying to pick a fight?

I think the issue is, Megan, that the Tories haven't costed their largesse. They seem to think they can lower taxes but spend up big on schools'n'roads'n'things.

By their own calculations, the tax-take post Brexit, will fall. Maybe dramatically.

There's a circle there that cannot be squared. Unless you want to see mad borrowing like Labour are always accused of (at the sorts of interest rates currently reserved for 'less trustworthy', 'less sober' administrations, shall we say...).

The levels of debt and its impact on the populace was a strong reason why, as 'The Poor Man of Europe', we begged our way into the EEC.

But, although I find the bare-faced blatancy of these bribes sickening, having seen how easily DomCum can sway the 'harder or thinking', I doubt many will look further than 'Oh look! Nice shiny Tory gewgaws!...

Well infrastructure benefits everyone except perhaps HS2. Connecting northern cities and improving commuter lines helps very many people.

The workers in private companies are the vast majority and they need the work. We need their tax receipts. Yes, shareholders and top execs make money but these are a minority. We need strong companies with good employment conditions. We need their financial contribution to the pot to pay for public services. They won’t pay for themselves. Possibly understanding basic economics helps in these discussions.

Public workers still get whacking pensions when compared to other sectors so maybe the whinging is misplaced somewhat? The self employed get no employer contribution to their pensions at all!

Oh ok are you saying that I would only support magic money if Tories were in power? It's academic because I doubt whether Labour's magic tree would yield much money, whereas the Tory tree will yield much more. But either way, the country needs investment.

Oh yes. The shareholders are often pension companies. Not wealthy individuals.

But 'strong companies' function best in strong economies.

'Good employment conditions' is one of the very first things that will disappear with Brexit. You surely know that! You have surely wondered why certain business people support Brexit so fanatically, don't you? As for 'shareholders and execs' maybe the minority, but they sure carve off huge slabs of the profits while, in many cases, hiding tax from the taxman. I wouldn't be holding many of them up as an example of the good.

Why the patronising remark about 'public services won't pay for themselves'? But you're on a slippery slope if you're borrowing (at punishing rates) to pay for them by way of your bribe to the harder-of-thinking public, at a time when the tax-take will continue to fall; the world standing of the UK will continue to slide, companies will relocate to where the seamless trade is, and there will be a bonfire of workers rights.

And you evidently haven't seen my pension prediction in the NHS if you think it's 'whacking'. Or, or, how about the private sector improve their workers' pensions instead of whinging about the public sector?...

Megan - given that it's been soundly disproven that tories are "better for the economy" and that despite the supposed need for austerity policies they've REDUCED investment in pretty much all infrastructure and put the country further into debt - far more than historically labour EVER has and given that tory policies encourage wealth and land hoarding...

Why do you think a "tory tree" will yield more?

That's certainly not what's been happening so far.

The comments Re magic money tree originally came from tories as a derisory comment on the publics cries for more investment in infrastructure - or at least not to reduce investment which is what they have been doing.

In simple terms taking from the poor to give to the rich!

Falsely claiming this would benefit the poor!

Capitalism, trickle down economics don't work.

You cannot expect a country to run and function well without reasonable organisation and investment.

They've had nearly 10 years to prove themselves worthy of electing and in that time have wrecked the country! But the mps responsible don't understand let alone acknowledge their extreme wealth and privilege which means their doing so won't affect them.

But we have millions homeless, reliant on food banks even DYING because of these policies.

This is blatant electioneering - trying to buy votes with vague unsubstantiated promises of investment, higher wages etc when we have NO reason whatsoever to believe they'll actually implement these - we have plenty of reasons to believe they won't!