Wednesday 13 October 2010

Who benefits from the present method for solving the enormous existing mismatch between spending and saving?

The economy has become an impoverishment trap for the majority.

It's not something that is difficult to figure out. Firstly, many people still have dwellings that are overvalued that taxpayers are funding. Secondly, the financial sector is receiving a windfall in capital and income from transfers to it and lower interest rates.

All in all, the speculators have had a windfall and the next generation of kids who don't inherit that windfall from their lucky parents, they, will pay for it through a massive transfer of wealth away from their bank accounts via taxes. In the end, the distribution of income will be skewed much further to those that control economies of scale.

People will get upset!

The imbalance has been struck and who cares as those in the minority that immediately benefit will prosper as will their progeny!

The others in the majority will just be outraged that we have let it happen this way and now!

http://www.guardian.co.uk/politics/davehillblog/2010/oct/13/boris-johnson-government-housing-benefit

Will ye no think kindly on those who would be your friends! May the sun shine with your thoughts, today, and happiness grow in your heart! May you allow yourself some peace of mind.

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