4. “Who’s afraid of the Big Bad National Debt?” The reality of deficit and debt.

We hear TV news, the papers, and politicians bleating on about “the National Debt” and “The Budget Deficit” a lot, don’t we? And, as we all know what it’s like to have debts to pay, we worry about it. We think, “how is the country going to pay for…..?” “Our children will be burdened with …

3. Let’s talk about taxes

#3     Let’s look at Tax-why is the economy like a washbasin? In #2, we looked at how we have all been led to believe that Governments spend “taxpayer’s money”, and can only afford to spend what they receive in tax receipts, because it’s convenient to justify political agendas. “There’s no magic money tree, dear”, Theresa …

2. What is “taxpayers’ money?”

From the early 80s, the idea that Governments can only spend what they receive in tax, was heavily promoted, especially by Mrs Thatcher. The concept of “no magic money tree” was created, and it sounded quite convincing. Because we all understand “budgeting”. But let’s think about it. Almost all of us have an average income …

1. “But how will you pay for it?”

Long ago, most people believed that the sun revolved around planet Earth, instead of the other way around. Today, most people still believe that a government gathers up all the money paid in taxes, and then uses that to pay for all the things that governments provide. It’s actually the other way around-people pay tax …