Times reports some front-benchers oppose Starmer’s stance – but their reasoning shows they’re two sides of the same coin
Keir Starmer is facing dissent from some of his Shadow Cabinet over his determination to oppose tax increases on huge corporations and the very wealthy – but even the dissenters are exposing they’re as unfit for a place on a Labour front bench as Starmer himself.
According to the Times, those opposing Starmer are doing so on the basis that:
We’ve got to pay back for all the spending so something has got to be raised.
Anyone proposing to lead a country who buys into the lie that its economy is like household finances has no business in government, or even shadowing. Households can’t create money and they don’t have the ability to make spending pay for itself in the way that a government can. Every pound spent by a government typically has a £1.70 boost effect in the economy, because of what’s known as the ‘multiplier effect’ – each pound being spent onward by the person or organisation that receives it.
The multiplier effect works as long as the pound isn’t simply squirreled away in the offshore account of a corporation or rich person – so taxes on big business and the wealthy is a good thing, as it reduces such squirrelling. But the idea that ‘we’ve got to pay back for all the spending’ is part of the Big Lie that the Tories and media – and Labour leaderships before and after Corbyn – have been shoving down the throats of the people for more than a decade.
Those who buy into it are unfit for a constituency seat, let alone one on Labour’s front bench.
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