fancythat
^What isn't understood at all is that any money that the government spends into the economy doesn't disappear down a black hole (which is the assumption made by all the posters banging on about 'waste') The money stimulates economic activity which will be reflected in the GDP figures.^
Even if the likes of Ms Mone etc keeps it in her bank account??
Or someone takes the money and keeps it in a foreign bank account?
The reason I am not on the thread I presume you are talking about, is because I am fed up of disagreeing with some posters on the topic.
I dont see the point in reading up on something, only to disagree, yet again.
You didn't bother to quote my next paragraph, which addreses your point
The only real 'waste' that occurs is when this money is not spent by its recipients but is taken out of the economy by being saved or used for speculation on the money markets with the sole objective of increasing the recipient's wealth. This is money that is not being used in productive economic activity.
This is why 'the wealthy' need to have their opportunities to acquire so much wealth restricted or be subject to higher taxation. The money squirrelled away as you describe, or which is used for speculation, is unproductive, wasteful...
The reason I am not on the thread I presume you are talking about, is because I am fed up of disagreeing with some posters on the topic.^
😕
Other posters read up on things, too. Disagreement is allowed...