It is worth bearing in mind what politicians mean when they talk about “investing” in something.
It means one of three things:
- Taking money from ordinary people, thereby preventing those people from spending it on what that want or need, and instead, and spending it on something else. Such taxation might be direct taxation (mainly income tax) or taxation of corporations (mainly corporation tax) which does much the same thing, only indirectly. Or
- Borrowing money, which means that future generations will have to pay more and more tax just to keep up with the interest payments, let alone pay the loans off. Or
- Printing money aka devaluing the currency aka “quantitative easing”. Which you might characterise as a form of taxation or as a form of surreptitious theft. Either way, it is a process whereby the government helps itself to some new wealth obtained by making everyone else poorer.[1]
Sometimes, these “investments” result in something useful. Like a new stretch of motorway. But more usually, they have proved to be a complete waste of money. Like subsidising yet more windmills, which only work when the wind is blowing (we already have enough power when the wind is blowing). Or putting roadblocks on our streets, in the pursuit of “15 minute cities”. Or reforming the way we educate children, which has (over the last several decades) led to our children being less and less well educated.
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