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How about they start the "acceptance" at the BOE. Cut their salaries. Then, cut all MP salaries. Then, cut government employee salaries. Then, tax the wealth
by nine_zeros 4y ago
How about they start the "acceptance" at the BOE. Cut their salaries.
Then, cut all MP salaries.
Then, cut government employee salaries.
Then, tax the wealth of the rich (and not just income).
When these noble people "accept" poverty themselves, that ought to bring inflation down.
- robocat 4y agoI think similar solutions have often been tried in the last decades in other countries and often fail. I’m thinking Zimbabwe (although I admit I am incredibly ignorant about the history there). Why do you think everyone would be better off after following your suggestions?
- nine_zeros 4y ago> Why do you think everyone would be better off after following your suggestions? When inequality is lower, economy booms.
- nh23423fefe 4y agoYou've written this like an implication but you forgot the reasoning.
- Symbiote 4y agoGovernment employee salaries are often below equivalent private salaries, and would be better being raised in many cases.
- simonbarker87 4y agoI have an unpopular opinion, MPs aren’t paid enough. For the level of public scrutiny and the responsibility/power they hold it is underpaid. A mid level engineering (not tech) manager can earn the same outside of London and most senior devs will be on around the same. If it were paid better then it would attract better quality candidates and reduce the desire to “earn” money from other means, and reduce the proportion of people coming in who are already wealthy. Government employee salaries are also generally lower than the private sector do again, if you want to attract the best and brightest then pay more