The rich get richer, while the poor get poorer; (and the economic fallacies we are led to believe.)

SMILING CARCASS'S TWO-PENNETH

rich and poor

“The rich get richer, while the poor get poorer; that’s austerity, that is.”

Let me start by saying I am no economics expert; but what you are about to read- and possibly learn- is the big lie of government about austerity. I had written this and asked a friend to cast a critical eye over it and she agreed that it is accurate and pointed me to this article, which goes much further in explaining the way government finances work and how austerity does not get a country out of debt.

The Five Big Reasons Why Austerity Has The Opposite Effect From The One George Osborne Expects

If you find my effort at explaining the fallacies we are drip-fed interesting, I suggest you follow the link and read further.

We are told that if you only have £300 coming into your household budget, but have £301 going out, your household…

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