How are we affording all this welfare?

jsmoke · 29 Jul 2020 at 20:53

Welfare everywhere, basically encouraging people to take it now, here's a new one I noticed from Scotland for example, maybe that's just a drop in the ocean but over last 20 years plenty of new welfare. Are we going to go bankrupt one day or is it just a case of how it's all managed and just a small percentage of people on it?

http://www.dailyrecord.co.uk/lifest...amilies-receive-invitation-apply-22428263.amp

jsmoke · 29 Jul 2020 at 22:31

hominid said:
Debt, borrowed at interest of course from the private bank that is 'the bank of England'!

So just raise the debt ceiling, why not. The debt is becoming meaningless, you wonder why countries like China are so keen to own our debt as what happens if they turn around and say we want our money back now. It's just going to be war.

It's always very creepy how everything is glued together by money as if it's some supernatural power of eternal life.

jsmoke · 29 Jul 2020 at 22:41

hominid said:
It's not. When money is 'borrowed' from a bank, it's created out of thin air with the main side effect being the dilution of the previously existing money supply - in other words, inflation!

That's how the system works.

I'm talking about thing like the external debt which is in the trillions.

Also there is deflation, the bank can take money out of the economy also to prevent hyper inflation.

jsmoke · 29 Jul 2020 at 22:43

coolsurfer said:
It's called benefits not welfare.

Same thing different words.

jsmoke · 31 Jul 2020 at 15:08

krooton said:
Could do with a rebrand, 'benefits' is low-key divisive if you think about it...

Entitlements.

jsmoke · 1 Aug 2020 at 22:04

bit.[/

FoxEye said:
Unfortunately it all boils down to people being selfish, and therefore greedy.

Nobody works to enrich others, but to enrich themselves (although people at the bottom end up enriching their employers more than themselves).

Nobody works to keep society ticking along. Nobody works to feed the nation, to clothe the nation, to heal the sick.

Everybody works for the mighty dollar. Right? Right?

Hence when you start with that (assumption? truth?) then nothing other than some kind of capitalism with market forces can work.

Because everybody wants as much as they get can out, in return for putting as little as possible in.

Humans are just lousy and completely irrational, unable to work together for the greater good. Not now, not in history, not ever.

Good answer, refreshing to get an answer like this, yeh we are selfish as hell.