Really tired of hearing "cost of living crisis". It's a low wages crisis. It's a high profits crisis. It's a decade of austerity crisis. It's a climate crisis.
@moh_kohn
It’s a tax policy crisis.
@moh_kohn no, it’s a corporate greed crisis.
@arnandegans @moh_kohn true, they sell less product because they raised prices, but cut labor and report record profits. Speculators, desperate to make money without working or investing in actual production, flock to the stock raising it even higher, making the corporate choices look good. It is not sustainable and will lead to a popped bubble, which I wish would only hurt speculators, but the business reaction will probably hurt all of us more.
@moh_kohn you could call it a malthusians trying to bleed us to death crisis
@moh_kohn And it's a housing crisis. Shortage of housing is driving up rents.
@anne_twain @moh_kohn there are 258,000 homes in England that are classed as long-term empty homes, 43,000 in Scotland and 22,000 in Wales. Some will be for valid reasons like the owner is in care or temp working away from home. The rest should be looked at and abandoned homes brought under council ownership. Holiday and 2nd homes should be taxed higher. There are at least 271,000 people recorded as homeless in England, including 123,000 children.
@moh_kohn yeah but just calling poverty doesn’t sound like a success.
@moh_kohn
it's not a decade of austerity, it's been 50 years since wages stopped growing.
@moh_kohn and a growing housing instability crisis
@moh_kohn it's a class war, between the rich and the poor, the millionaires and the workers.
@moh_kohn it’s 98% morons trying to demonstrate that Austrian economics works the way they hope it does.
@davetroy @moh_kohn 0h, you mean like zerohedge?

@moh_kohn Ok, so, corrective policy proposals.

What's the appropriate maximum assets one human being should control?

(control = you can do what you want with it. A board that never tells you NO and makes it stick doesn't count.)

Given a notional fifty year working life, and a notional max permissible annual income of ten times the floor of the mean or median income, I'd say that asset cap should be fifty times the max income. (Mean income 50 kEuro, max assets 25 million Euros.)

@moh_kohn
And a supply chain/Brexit crisis, and probably lots of other things too. Particularly austerity and everything else you said.

@moh_kohn

Good jobs right now. Fund the transition to the new energy source collection systems, collect sun collect wind elcetricity, storage systems, smart grids, right now, at speed. Because.

It costs a lot less, and is a hell of a lot cheaper than billionaires.

@moh_kohn For at least a decade our government has fucked around. Now we're in a finding out crisis