They have created something that can be sold, just the same as someone who grows food, for example. This goes to the root of economic theory, supply of money and supply of good ad so forth.
They obviously didn't teach you that the rich are wealthy or that being wealthy makes you rich. They have taught you knowledge but not understanding. Both words have been used extensively on here.
Seriously, you have a problem.
Not so. Not since we left the gold standard anyway. If someone builds a house from scratch then where has the value of that house come from? The BofE controls the supply of money with one eye on inflation.
Not exactly true. The amount of money in circulation is increased as necessary but it gets very complicated. It is all controlled (supposedly) by The Bank of England and there are different types of money, M0, M1, M3 and so on.
There is a difference in accounting terms. A £10m player would go straight on the balance sheet with his value written down over the four years. It's a bit like the difference between buying a car outright or on a lease with no residual value.
It's the rich that pay for a large part of government spending. You won't get that from a moral compass and you'd have even less social mobility.
I agree about the railways, privatisation is a stupid idea.
£50bn is a hell of a lot and sounds like it's been plucked out of thin air. If it were anything like that much then the Treasury would be jumping on it.
It's in progress:
http://www.telegraph.co.uk/finance/budget/11727036/Budget-2015-Private-equity-managers-to-fork-out-1.8bn-more-in-tax-as-loophole-is-tightened.html
The Treasury is very inventive and exhaustive in grabbing every penny they can get but they can only go after the unlawful evasions.
If they're illegal then they would be mopped up. If they're legal then how can they be 'unpaid taxes'?
Or is he just saying that he would increase taxes by £50bn?
He's going to do all that without raising taxes? There's nowhere near enough tax evaded to pay for all that and even then what they're doing is not illegal. This has confirmed it for me, he is a loony lefty.