Double Dip Recession is Here!
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25-04-2012, 6:54 PM
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Originally Posted by
Ultimately, "solutions" depend on whether you feel that Governments control economic growth. Ultimately, I feel they do but the only real control they have is the brake which they effect through legislation and taxation. To "accelerate" they have to release the brake and hope that there is innate acceleration in the economy.
As such watching a government "planning for growth" is watching a bunch of control freaks try and give up some of their power and control. What we see time and time again is that they can't do it- they're there for the power.
I agree, the economy is a rather strange beast to tame and it's much easier to stifle it than grow it.
The problem to me is the lack of incentives for growth, where are the small business loans? Oh yes being held back by the very banks the tax payer helped to save.
Where are the tax breaks for employers? Where is the drive to create jobs and reduce unemployment by whatever means. What about trying to drive up manufacturing and reduce export costs?
The only tax breaks we have seen have been for those earning considerable sums of money. My family are firmly in the middle ground of the earning spectrum yet have seen our income drop in the last budget and it has dropped again with my pension increase. Why the hell would me and my family start spending more when we're earning less and less.
The economy will never grow when people feel like they are constantly being squeezed, the government are doing absolutely nothing to counter this and are even announcing further cuts.
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