FT says Slovenian households will be better off than UK households by 2024!

 

Trickledown Liz Truss

Slave driver, Liz Truss, believes in something called trickle down economics. This was a failed economic experiment that was associated with Margaret Thatcher and Ronald Reagan, who pursued pro-rich policies in both Britain and the U.S.A. during the late 1970s and 1980s, and which became known as the Conservative Revolution. 

As the UK Prime Minister, Truss, believes that a rising tide lifts all boats. In short, she subscribes to a view called supply-side economics, which says that if you want to incentives the wealthy and those on higher incomes, to be more entrepreneurial and to do more, you have to make them richer, but if you want to incentives the workers to do better, you have to make them poorer by cutting their social benefits and keeping their wages down to make them more attractive to Capitalist investors. 

Both the IMF and the U.S. President, Joe Biden, say trickle down economics has proven to be an abject failure. Rather than make ordinary people better off, trickle-down economic policies have led to greater income and wealth inequality. The U.S. is the second wealthiest country in the world. It's home to some of the richest people in the world. And yet, there's not much evidence of trickle down. The U.S. is a country where nearly one-in-ten adults, have medical debts and a broken bone can lead you into bankruptcy. Failure to pay a medical bill, is one of the biggest causes of middle- class bankruptcy in America. 

The U.S.A, which is the  the citadel of western capitalism, is a country where a city like Mississippi, could provide no clean drinking water for its citizens for weeks. It's a country where life expectancy has dropped for the second year in a row and where poor people, sell their blood plasma, to make ends meet. 

An analysis by the Financial Times, found that on present trends, the average Slovenian household will be better off than its British counterpart by 2024. Indeed, some income inequality in the U.S. and U.K. is so enormous, that the two nations should be classed as poor countries, with some very rich people, most of whom, are to be found in government.