Why Governments are Getting Bigger But More USELESS

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  • เผยแพร่เมื่อ 29 ต.ค. 2024

ความคิดเห็น • 93

  • @economicshelp
    @economicshelp  51 นาทีที่ผ่านมา

    Do subscribe to get all latest videos. th-cam.com/users/economicshelp1

  • @BioHazardCL4
    @BioHazardCL4 3 ชั่วโมงที่ผ่านมา +47

    The UK is a carehome, the UK goverment is a carehome operator, local councils are the carehome staff.
    Turning the UK into a carehome is bankrupting the UK.

    • @freemanol
      @freemanol 2 ชั่วโมงที่ผ่านมา +1

      If you're not educating and training people to be productive, then make housing so expensive to boost GDP on paper but that everyone spends more than half of their salaries on rent, then no wonder the country is turning into a carehome.
      I left the UK in 2020 back to my country, each passing year the UK makes me happy i made that decision

    • @blimbag
      @blimbag 2 ชั่วโมงที่ผ่านมา +2

      The Tories broke Britain with their stupid Brexit

    • @stefnirk
      @stefnirk 2 ชั่วโมงที่ผ่านมา +3

      @@blimbag No, the trend has been clear for ages; this was going to happen, Brexit or not.

    • @heist.of.2008
      @heist.of.2008 2 ชั่วโมงที่ผ่านมา

      its a gulag

    • @rogermanvell4693
      @rogermanvell4693 2 ชั่วโมงที่ผ่านมา +1

      Actually the average age in the Uk at 40 is younger than most other European countries and we spend a lot less on care and pensions for the elderly than most of them too. The problems are many but too many old people is much less of an issue here than elsewhere.

  • @chriswills9437
    @chriswills9437 2 ชั่วโมงที่ผ่านมา +3

    The UK’s tax authority has not fined a single “enabler” of offshore tax evasion or non-compliance in five years despite landmark powers introduced in 2017, new figures reveal. HMRC has been under pressure to estimate the size of the tax gap after figures disclosed to the independent thinktank Tax Policy Associates by HMRC in September 2021 revealed that UK taxpayers held nearly £570bn in tax havens. HMRC estimates that it collects 95% of all the tax owed in the UK, but the remaining 5% accounted for about £36bn in lost revenue in 2021-22.

    • @CreepyTrendMan
      @CreepyTrendMan ชั่วโมงที่ผ่านมา

      Mind Your own business.

  • @jamaicantillidie6626
    @jamaicantillidie6626 55 นาทีที่ผ่านมา

    I was working on Wall Street in NYC in the 1990s and early 2000s, when the talk of the town was the EU and the UK. Everyone wanted a slice of the EU and the road to that slice went right through England. American companies and companies globally started repositioning themselves, using the UK as a diving platform from which to enter the EU. Entire departments packed up and move to the UK, people were given the option to move with it or get left behind. I remember when our datacenter migrated to the UK, a big fancy building in Canary Wharf. Then came Brexit and exit stage left.

  • @hughjohns9110
    @hughjohns9110 2 ชั่วโมงที่ผ่านมา +2

    Let's not forget the legendary wastage of money in the public sector. Its fine saying the govt spends x or y on healthcare, police or whatever, but how much of that goes up in smoke through bureaucracy and non-jobs?

  • @shaydza
    @shaydza 3 ชั่วโมงที่ผ่านมา +12

    The UK is an ageing society. You cannot look at how things were run in the past to find ideal solutions. New ones need to be found.
    You cannot have a massive amount of retirees vs the past but expect services to remain where they were.
    However I do agree that government overreach is a problem. But is any government in the UK running on reducing government involvement in your lives?

    • @BioHazardCL4
      @BioHazardCL4 3 ชั่วโมงที่ผ่านมา +1

      Pensioners can't expect to retire and live a comfy life on the taxes of the young.
      Carehomes are so expensive and pensioners need to pay more in their houses, giving up their pensions to pay for it and everyone needs to be told that living to 90 is a real posibility and it's extremely expensive!

    • @IshtarNike
      @IshtarNike 2 ชั่วโมงที่ผ่านมา +1

      This is only half true. Yes, there are fewer working age people, but we are also far more productive per capita than we used to be. If certain things like care homes were nationalised it would be cheaper over all because of the economy of scale.

    • @heist.of.2008
      @heist.of.2008 2 ชั่วโมงที่ผ่านมา

      im not old though.

    • @hobbabobba7912
      @hobbabobba7912 ชั่วโมงที่ผ่านมา

      @IshtarNike so your solution to government overreach is more government overreach...

  • @megapangolin1093
    @megapangolin1093 2 ชั่วโมงที่ผ่านมา +2

    The UK needs an ID/Health card system. Nothing should happen without it. Then we have more control over spending. We need to stop signing everyone off with mental illness too, it is becoming a national sport. We need a little control, and we seem to be giving it all up. Very interesting examination of the number one question that people are asking these days.

    • @heist.of.2008
      @heist.of.2008 ชั่วโมงที่ผ่านมา

      nope

    • @JLCC2022
      @JLCC2022 ชั่วโมงที่ผ่านมา

      Human has a tendency to inactivity and, to be it straight, laziness. We can't assume that everyone is being honest and getting what they need, instead of what they want.
      People can easily fake mental health issues, not doing anything and are entitled to all sorts of benefits.
      The current welfare schemes will kill this nation in this century. Things need to be fixed and Brits need to work harder, not less.

  • @TobotronPrime
    @TobotronPrime 3 ชั่วโมงที่ผ่านมา +4

    Its not called Benefits Britain for no reason

    • @swojnowski453
      @swojnowski453 2 ชั่วโมงที่ผ่านมา +1

      government helps landlords get their rent on time. Social housing has been in decline for decades, so councils can't get the rents. Restore mass social housing or face downwards spiral. Private rented sector should be a tiny minority and taxed very heavily, but we have the opposite.

    • @TobotronPrime
      @TobotronPrime 2 ชั่วโมงที่ผ่านมา

      @@swojnowski453 I agree, but they won't do it because all the parties subscribe to the same economical fallacy - I said on another video on another channel, all they will do is change the 10 to a 12 and the 45 to a 46; government are lazy and incapable of doing what we regard as work, they tinker and that's all they will do until eventually the system collapses and someone does some actual work.

  • @michaelkoelbl4004
    @michaelkoelbl4004 3 ชั่วโมงที่ผ่านมา +1

    Thanks for that really good analysis. It sounds like the difference between the approaches is difference between paying the absolute minimum necessary and getting something that just about gets the job done but feels grotty and paying more to get something that does the job well and feels a lot nicer.
    I'd be interested in knowing why the USA seems to have escaped the decline in economic growth that seems to affected the UK and Europe and if there is anything the UK and Europe can learn from this.

    • @Zenkrypt
      @Zenkrypt 3 ชั่วโมงที่ผ่านมา

      on the basis it is the world's reserve currency, so it can easily throw money about.

    • @roberthuntley1090
      @roberthuntley1090 3 ชั่วโมงที่ผ่านมา

      I'm not convinced that the USA has escaped, its just a bit behind us. There have been lots of recent videos on YT about US job layoffs. recruitment freezes and so on. There was one today about MacDonald's there running out of money because customers can't afford to eat out so often. Other indicators are the declining futures price of petrol, and industrial metals like copper.
      With the Chinese economy on the slide as well, I wouldn't be surprised if we end up with some sort of global recession which will make the UK situation even harder to deal with. We are all doomed.

    • @IshtarNike
      @IshtarNike 2 ชั่วโมงที่ผ่านมา

      It's because they, surprisingly, still believe in government investment at least a bit. Look at the CHIPS act. As far as I know there's no equivalent to that in the UK. We categorically refuse to invest in our own industries. All we do is tinker with things to try to encourage private investment, which doesn't work when business confidence is so low. And it's low because the government refuses to invest first. Contrary to market orthodoxy, government investment can and does crowd IN private sector investment, especially after a down turn like we had in 2008. But instead of investing they chose to cut based on a single, and now debunked, research paper. It's honestly embarrassing. Imagine basing an entire economic strategy on a single researcher.

    • @موسى_7
      @موسى_7 2 ชั่วโมงที่ผ่านมา

      ​@@IshtarNike
      Milton Freedman economics

  • @markquarrington5001
    @markquarrington5001 3 ชั่วโมงที่ผ่านมา +13

    High property prices do not equal affluence, it just drains the other parts of the economy.

    • @heist.of.2008
      @heist.of.2008 2 ชั่วโมงที่ผ่านมา

      too late now.

    • @rogermanvell4693
      @rogermanvell4693 2 ชั่วโมงที่ผ่านมา

      yes we make very bad use of our private investments housing is an example of this.

  • @SubjectiveFunny
    @SubjectiveFunny 3 ชั่วโมงที่ผ่านมา +15

    We are spending over £8b on "irregular" migrants every year.
    That is not the cause of our problems, but it is a pretty significant representation of why we are where we are.
    Lawyers and politicians are getting rich, everyone else is getting rinsed.

    • @paulinskipukprogressive4903
      @paulinskipukprogressive4903 3 ชั่วโมงที่ผ่านมา

      This is utter nonsense
      Migrants have always been a net financial benefit because they pay more in taxes than they consume in benefits
      Check for yourself

  • @vvwalker7261
    @vvwalker7261 2 ชั่วโมงที่ผ่านมา

    This is the problem with UK politics. We need parties to either set out the case for Denmark model or set out the case for a US model and then deliver. It seems the UK is not capable of doing anything these days and that has resulted in stagnation

  • @randomrandomness8743
    @randomrandomness8743 2 ชั่วโมงที่ผ่านมา

    I wonder where all that money went from the deeply discounted sale of council houses? It certainly wasn't back in to replacement properties.

    • @rogermanvell4693
      @rogermanvell4693 2 ชั่วโมงที่ผ่านมา +1

      the sale of council houses was a public finance disater we have spent far more on housing benefit since.

  • @philipwood123
    @philipwood123 49 นาทีที่ผ่านมา

    As you say. Govt getting bigger but we get less. That's the problem and solution. Cost of oversized govt is too big. Solution smaller govt

  • @ERobbins1234
    @ERobbins1234 2 ชั่วโมงที่ผ่านมา +1

    Get council houses built and many of our problems will be solved. Reduce housing costs and more people will be able to afford private pensions and private healthcare.

    • @Keltik0ne
      @Keltik0ne 21 นาทีที่ผ่านมา

      The problem being the next Con government will sell them off, creating a new generation of Con voters but cycling the problem back to the beginning.

  • @gazunkafonegazunkafone3492
    @gazunkafonegazunkafone3492 3 ชั่วโมงที่ผ่านมา +1

    The aim of the state is to either work for the state, or live off it.
    Either way you are dependant on the state which is exactly what they want.

  • @paulinskipukprogressive4903
    @paulinskipukprogressive4903 3 ชั่วโมงที่ผ่านมา +1

    Very interesting -
    wonder why you left out Brexit as a cause of reduced growth ?

  • @paulinskipukprogressive4903
    @paulinskipukprogressive4903 3 ชั่วโมงที่ผ่านมา +1

    Very interesting segment nonetheless

  • @JSmith19858
    @JSmith19858 3 ชั่วโมงที่ผ่านมา

    Portsmouth isn’t under Hampshire Council. PCC is separate and the northern areas like Waterlooville are Winchester Council

    • @stateofflux7453
      @stateofflux7453 55 นาทีที่ผ่านมา

      Waterlooville is within the "Havant Borough" local authority (not the Winchester local authority) and is also under Hampshire County Council.

    • @JSmith19858
      @JSmith19858 38 นาทีที่ผ่านมา

      Partly right. My sister lives in Waterlooville and it is under Winchester. I thought Winchester was a unitary authority, but it is part of Hampshire Council

  • @prolarka
    @prolarka ชั่วโมงที่ผ่านมา

    That net debt interest seems too much for a budget, in my opinion. I am sure it makes the lenders happy.

  • @_Unlukey
    @_Unlukey 3 ชั่วโมงที่ผ่านมา +6

    The last generation borrowed to keep their taxes low and now it's the workers of today who are paying for their retirement. The interest on the debt alone is more than our entire defense budget. I wouldn't mind paying more tax if I though it was an investment in the future but it would be spent maintaining the triple lock for the same generation that squandered the North Sea oil profits and voted to borrow. All while the retirement prospects for today's workers look to be non existent.

  • @frmcf
    @frmcf 3 ชั่วโมงที่ผ่านมา

    Surely it's normal for the richest council areas also to have the most debt, since they have a higher capacity to borrow. The problem is that you need to increase your population and output in order to continue to service that debt sustainably. If you have a load of debt *and* expenditure rising faster than revenue, *then* you have a problem. Places like Hampshire, as you describe, need to grow their working-age population.

    • @swojnowski453
      @swojnowski453 2 ชั่วโมงที่ผ่านมา

      You can't beat something that that grows exponentially with something that grows linearly longer term. Debt longer term is something that will break any neck. Once you in it, you are on your way to collapse. Debt cancellation is the only way out then. Increasing number of people will not help. What needs doing is directing rents to council's hands rather than to private ones. If not done, collapse will follow ...

  • @harlyslamm2888
    @harlyslamm2888 3 ชั่วโมงที่ผ่านมา +4

    The biggest problem with our government is to tax more, and to continue taxing us more, it has to waste more aswell! There is no obligation for other tax payers to pay for people incompetence! It has no obligation to fund other peoples lifestyle!

    • @swojnowski453
      @swojnowski453 2 ชั่วโมงที่ผ่านมา +1

      There is no such thing as people's incompetence. Our power structures are all trees. Only 10% succeeds, the rest are losers. It is not the people, it is the system. Those at the top will always say, you are not at the top because you are incompetent, the truth is there is no room for great majority of people there. As you reach 40s or 50s you are no longer able to compete against most younger people, unless you are in power structure already. The only thing that counts is how deep up the ass of those who have power you have gone to get what you want. Most of your incompetent ones, just do not do that, because not many humans enjoy flowing through shit half of their life.

  • @oiausdlkasuldhflaksjdhoiausydo
    @oiausdlkasuldhflaksjdhoiausydo 3 ชั่วโมงที่ผ่านมา +13

    Let’s be honest, paying people for existing. That’s how social democracy has been running and now they can’t stop but they must.

    • @heist.of.2008
      @heist.of.2008 2 ชั่วโมงที่ผ่านมา

      they have bred a whole generation of dependents. lol.

  • @Daytona2
    @Daytona2 2 ชั่วโมงที่ผ่านมา

    The the trendlines on the charts misleading ?
    Economic conditions changed dramatically as a result of the credit crunch in 2007-2009. There appears to be one trend rate up to this and, unsurprisingly, a differing rate after.

  • @hobbabobba7912
    @hobbabobba7912 ชั่วโมงที่ผ่านมา +1

    It seems social democracy also doesn't work

    • @heist.of.2008
      @heist.of.2008 ชั่วโมงที่ผ่านมา

      you pay my bills, ill pay your bills. never works.....

  • @paulinskipukprogressive4903
    @paulinskipukprogressive4903 3 ชั่วโมงที่ผ่านมา

    At 9m10 - your graph of government spending ;
    Why did you leave out defence/arms spending ?

  • @Harve6988
    @Harve6988 3 ชั่วโมงที่ผ่านมา +3

    For some odd reason I always thought Hampshire was an inland county, never realised Portsmouth was there. You learn something new everyday!

    • @heist.of.2008
      @heist.of.2008 2 ชั่วโมงที่ผ่านมา

      i always thought sussex was in scotland.

  • @iceonthemoon
    @iceonthemoon 2 ชั่วโมงที่ผ่านมา +2

    The government should be brave and make these difficult decisions now, scrapping the triple lock and cutting welfare spending. The problem with the post 2010 austerity is that it was prolonged over a decade, I think people will understand and tolerate austerity if is implemented over a short period of time rather than prolonged period of decline. For example, between 2010-2012 spending should have been cut back to 2007 levels as a share of GDP, then given real terms increases in the following years. Similarly, between 2021-2023 spending should have returned to 2019 levels as a share of GDP and we would now be talking about increasing investment without raising taxes. This would have been a lot easier if the government dealt with recessions with one-off cash injections, rather than core departmental spending increases.

  • @rogermanvell4693
    @rogermanvell4693 ชั่วโมงที่ผ่านมา

    Another excellent video, you are doing great work helping people understand the real problems the UK faces.

  • @ralffig3297
    @ralffig3297 35 นาทีที่ผ่านมา

    Labour will make this look like a childs play.

  • @DIFESA_RAZZA_BIANCA
    @DIFESA_RAZZA_BIANCA 3 ชั่วโมงที่ผ่านมา +1

    “I repeat my prophecy England will not only not be
    able to stop Marxism but its own development will
    inevitably follow the course of this degenerative
    disease" Austrian painter 1945

  • @noodlebrains
    @noodlebrains 3 ชั่วโมงที่ผ่านมา +1

    It’s an interesting problem. I think the issue is the politics and everyone making different decisions. Rishi spent £500m on Rwanda scheme and Kier cancelled it. So £500m wasted? Why do we fund care services, can pensions cover this? The NHS is a nice idea, badly managed and very wasteful with spend. £10 billion on unusable PPE. I wonder if UK would be better off with just one decision maker and removal of the government. So if someone says deport everyone who came here via boats, we don’t have a million policies, rules, lawyers blocking this.

    • @theolddog5129
      @theolddog5129 2 ชั่วโมงที่ผ่านมา

      "I wonder if UK would be better off with just one decision maker and removal of the government" Your other name would not be Ms Truss by any chance? 😀😀😀

  • @JLCC2022
    @JLCC2022 ชั่วโมงที่ผ่านมา +2

    I second this claim.
    As a migrant who worked as a teacher in my home country, it took me 11 months to get my QTS here with DfE, which people say it's the fastest. My application was just sitting in the queue gathering dust for 10 months as I received email asking for supplementary documents and further verification in month 10. Beforehand, it took a week to respond to my enquiry with no specific details or progress at all.
    Honestly, in my home country, emails are mostly answered within 24 hours, both in private and public sectors.
    Other examples include Land Registry (3 months in my home country vs 1-2 years), passport (2 weeks in my home country vs 3 months here), fixing poleholes (almost never had one vs forever to fix here)... the list goes on and on
    The bureaucracy of the UK government makes things really inefficient. In the end, the citizens and our economy suffer.

  • @bjrnhjjakobsen2174
    @bjrnhjjakobsen2174 2 ชั่วโมงที่ผ่านมา

    Poor planing ….

  • @Caius1930
    @Caius1930 3 ชั่วโมงที่ผ่านมา +1

    If only modern monetary theory would be given more attention and heed, the uk really could crawl its way out of this nightmare

  • @oiausdlkasuldhflaksjdhoiausydo
    @oiausdlkasuldhflaksjdhoiausydo 3 ชั่วโมงที่ผ่านมา +2

    Every western country needs a Milei

    • @swojnowski453
      @swojnowski453 2 ชั่วโมงที่ผ่านมา

      Milei needs fools to believe in the nonsense he is proposing.

    • @krzysiukrul1183
      @krzysiukrul1183 ชั่วโมงที่ผ่านมา +1

      to make things even worse? genius idea

    • @altechuk
      @altechuk ชั่วโมงที่ผ่านมา

      @@krzysiukrul1183 How could it be worse? We paying over 50% of our income so Keir can go to a Taylor Switft concert

    • @krzysiukrul1183
      @krzysiukrul1183 46 นาทีที่ผ่านมา

      @@altechuk return of feudalism will definitely make things better... and you're paying 50% of your income in tax because the rich can afford best accountants who can use all the loopholes and get them to pay 0 in tax revenue..

    • @altechuk
      @altechuk 42 นาทีที่ผ่านมา

      @@krzysiukrul1183 And what is the current idiot in charge of the exchequer doing.... raising them for me again!!
      You seem to think Labour is not corrupt

  • @wilsonmanch6773
    @wilsonmanch6773 ชั่วโมงที่ผ่านมา +1

    Stop hiring those incompetent and unqualified managers and CEOs and ministers who think sitting on government jobs is a safe haven and doesn’t need performance or any pressure, and still rake in hundred of thousand annual in compensation package. Start there and the productivities will increase. Everyone should be performance based and out the door is couldn’t keep up.

  • @monkeyboy8424
    @monkeyboy8424 ชั่วโมงที่ผ่านมา

    This winter I will be forced to play Jimmy Starmer's Heating or Eating Games - the region with the most dead pensioners wins.