Discover and read the best of Twitter Threads about #livingincome
Most recents (3)
.@keir_starmer is right that the success of the economy should be judged on whether it puts money in people’s pockets, revitalises places that have been held back, ends insecure work, and drives up wages.
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But pursuing economic growth through the same tired old policies will not be enough. The lesson of the last decade is that growth alone is not enough to lift everyone. There are millions more struggling to make ends meet now than there were 10 years ago.
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A #NewEconomy needs to truly be new. We need a major shift in policy to get the economy working for the many and not just the few. 5 key strands:
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It feels to me that @RishiSunak needs some help getting the economy back on track.
Ahead of the autumn #budget2021, I've busted some economic myths he seems to believe...
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Myth 1️⃣ : We are well on our way to recovery with the fastest growth in the G7.
Ahead of the autumn #budget2021, I've busted some economic myths he seems to believe...
🧵👇
Myth 1️⃣ : We are well on our way to recovery with the fastest growth in the G7.
Busted: Our economy was one of the worst hit, so we are growing from a low base. The IMF says our economy is still 5% below its pre-pandemic path. & our economy is projected to lag behind all G7 countries in 2024. 
Myth 2️⃣: We need to start balancing the books because we can’t afford to borrow any more.
Busted: Our debt level is high, but what matters is the cost of financing this debt. At 6% of tax receipts, the cost of servicing the debt is the second lowest it’s been since WWII.
Busted: Our debt level is high, but what matters is the cost of financing this debt. At 6% of tax receipts, the cost of servicing the debt is the second lowest it’s been since WWII.
#BerniesTaxCuts a thread.
So when thinking about Bernie Sanders policies, many of us typically think about how they will benefit us as a nation. But I want you all to do me a favor: think DEEPLY about how his policies will directly affect your life in the here and now. How would
So when thinking about Bernie Sanders policies, many of us typically think about how they will benefit us as a nation. But I want you all to do me a favor: think DEEPLY about how his policies will directly affect your life in the here and now. How would
tuition free public college or trade school affect you? This tax that you would pay in the form of tuition would be eliminated thus saving you THOUSANDS of dollars and getting an education. You would never have to go into debt to pay it back. What about those of you who already
went to college? How would you fair financially if suddenly you didn't have to pay your student loan debt tomorrow or ever again? What if you could use that money to save for a house or start a business? How about saving for a vacation or buying something you want like a camera?
