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CambridgeEagle Sydenham 20 Apr 17 3.54pm | |
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Originally posted by hedgehog50
What do you mean by 'poor' and 'inequality'. "There are basically three current definitions of poverty in common usage: absolute poverty, relative poverty and social exclusion. Income inequality is usually measured by the Gini coefficient which compares the incomes of deciles of the richest, median earners and the poorest. However I'm talking about not only income inequality but also inequality of opportunity and in how certain groups in society are treated. The lack of opportunity afforded to certain people is one of the biggest problems we have in addressing low levels of productivity and social cohesion. It also exacerbates the issue of income inequality.
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Hrolf The Ganger 20 Apr 17 3.58pm | |
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Originally posted by steeleye20
Tory cuts are deliberately cruel aimed at the weak and disadvantaged. There is no economic benefit in gruelling a disabled person why they have not committed suicide. Just up your street though.
OK Charles Dickens.
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Hrolf The Ganger 20 Apr 17 4.05pm | |
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Originally posted by CambridgeEagle
That could be said of those on the right quite easily. They ignore problems and blame others. This quote is from a book published by the OECD in 2015: "The gap between rich and poor keeps widening. Growth, if any, has disproportionally benefited higher income groups while lower income households have been left behind. This long-run increase in income inequality not only raises social and political concerns, but also economic ones. It tends to drag down GDP growth, due to the rising distance of the lower 40% from the rest of society. Lower income people have been prevented from realising their human capital potential, which is bad for the economy as a whole." Rising inequality is a direct result of right wing neo-classical ideological policies. This isn't arrogance or high ground - it's harsh reality. It's an inconvenient truth as to fix it would mean redistribution of wealth from the rich and powerful to people who don't vote for right wing parties anyway. There seems to be much debate about whether the widening gap between very rich and poor has a negative effect on relative wealth over all. I have seen the late Hans Rosling's positive findings on global prosperity and some less favorable findings. Which is true? My observation is that in the last say 100 years, we are all far better off in this country at least.
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CambridgeEagle Sydenham 20 Apr 17 4.08pm | |
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Originally posted by Hrolf The Ganger
Didn't I answer this post already? The left don't seem to be able to clarify their position. Wake up. Health spending by Government as % of GDP. Note difference between 1997-2010 and 2010-2015. One suggests increased funding to target problems of ageing population, easy to see which. I've highlighted Norway on there - outside the EU with ageing population. Germany which I haven't highlighted spends less as a % of GDP but they don't have peaks or troughs and their spending has been consistent with small increases from 6% in 1997 to 7.2% in 2015. The higher spending than us in the 90s and early 00s means that they didn't need large increases in spending to recover lost ground from underfunding pre 1997. Attachment: Health Spending.PNG (114.54Kb)
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Nest 20 Apr 17 4.09pm | |
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Originally posted by Hrolf The Ganger
There seems to be much debate about whether the widening gap between very rich and poor has a negative effect on relative wealth over all. I have seen the late Hans Rosling's positive findings on global prosperity and some less favorable findings. Which is true? My observation is that in the last say 100 years, we are all far better off in this country at least. You don't say!
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CambridgeEagle Sydenham 20 Apr 17 4.10pm | |
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Originally posted by Hrolf The Ganger
There seems to be much debate about whether the widening gap between very rich and poor has a negative effect on relative wealth over all. I have seen the late Hans Rosling's positive findings on global prosperity and some less favorable findings. Which is true? My observation is that in the last say 100 years, we are all far better off in this country at least. But how well off might we have been if inequality hadn't been allowed to increase so markedly in the 80s and early 90s?? That is the important question. And more importantly what will the impact be going forward if nothing is done to address it compared with if we do address it.
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Hrolf The Ganger 20 Apr 17 4.10pm | |
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Originally posted by CambridgeEagle
Health spending by Government as % of GDP. Note difference between 1997-2010 and 2010-2015. One suggests increased funding to target problems of ageing population, easy to see which. I've highlighted Norway on there - outside the EU with ageing population. Germany which I haven't highlighted spends less as a % of GDP but they don't have peaks or troughs and their spending has been consistent with small increases from 6% in 1997 to 7.2% in 2015. The higher spending than us in the 90s and early 00s means that they didn't need large increases in spending to recover lost ground from underfunding pre 1997. We are not Norway. I'm not sure what this proves.
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Lyons550 Shirley 20 Apr 17 4.17pm | |
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Originally posted by CambridgeEagle
You should not be drawn into the fallacy that an economy is anything like a household in terms of spending and borrowing. The country can't afford to keep cutting essential services and delaying investment in education, training, infrastructure and social care. We'll its not exactly worked out great when it hasn't been run like a household has it tbf...I mean everytime it hasn't the country has been left in a state and the purse strings have had to be reigned in again. I agree though that there has to be an element of speculation in order to accumulate...but then labour go 'all in' instead...
The Voice of Reason In An Otherwise Mediocre World |
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hedgehog50 Croydon 20 Apr 17 4.19pm | |
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Originally posted by CambridgeEagle
"There are basically three current definitions of poverty in common usage: absolute poverty, relative poverty and social exclusion. Income inequality is usually measured by the Gini coefficient which compares the incomes of deciles of the richest, median earners and the poorest. However I'm talking about not only income inequality but also inequality of opportunity and in how certain groups in society are treated. The lack of opportunity afforded to certain people is one of the biggest problems we have in addressing low levels of productivity and social cohesion. It also exacerbates the issue of income inequality. Are you JamieMartin in disguise? The 'cure' for all this 'poverty' and 'inequality' seems to be to take money and opportunities away from people who do not suffer from 'poverty' and 'inequality' and give it to the sufferers, or put the money in some state scheme that is supposed to address the problems. In reality it makes little difference, apart from damaging the economy and the lives of people from whom the money is extracted.
We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell] |
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CambridgeEagle Sydenham 20 Apr 17 4.24pm | |
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Originally posted by Hrolf The Ganger
We are not Norway. I'm not sure what this proves. It proves that between 1997 and 2010 the government increased spending on NHS in real terms to address chronic underfunding. Since 2010 the Tories have cut spending in real terms despite a desperate need for increases in funding.
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CambridgeEagle Sydenham 20 Apr 17 4.26pm | |
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Originally posted by hedgehog50
Are you JamieMartin in disguise? The 'cure' for all this 'poverty' and 'inequality' seems to be to take money and opportunities away from people who do not suffer from 'poverty' and 'inequality' and give it to the sufferers, or put the money in some state scheme that is supposed to address the problems. In reality it makes little difference, apart from damaging the economy and the lives of people from whom the money is extracted.
I'm not suggesting a Robin Hood tax. This isn't a zero-sum game. Addressing low rates of tax on inheritance, corporate profits and incomes of the wealthy will have a much lower disbenefit than the associated benefit of redistributing that wealth.
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Hrolf The Ganger 20 Apr 17 4.27pm | |
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Originally posted by CambridgeEagle
But how well off might we have been if inequality hadn't been allowed to increase so markedly in the 80s and early 90s?? That is the important question. And more importantly what will the impact be going forward if nothing is done to address it compared with if we do address it. That only matters if you can show that people have actually become worse off as a result.
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