ilmscore | UK Budget – The End of Democracy?

UK Budget – The End of Democracy?

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Prediction
Topic
Status
UK government debt will continually increase as a percentage of the economy and become unsustainable, given unlikely economic growth and no government action.
"unless growth goes up, which is unlikely... debt will basically increase and increase and increase as a as a percentage of the economy. And that means that unless the government does something, eventually debt will get bigger and bigger and bigger and bigger and it's unsustainable."
UK Government Debt
Pending
Without wealth taxes, wealth inequality in the UK will inevitably worsen, compounding yearly, forcing the state to continuously increase taxes on the middle and working classes to remain solvent.
"So it will inevitably lead to a greater wealth inequality which will mean to great which will lead to greater cash flows from you to the rich and this situation will compound and get worse and worse and worse and it is the only way to keep the the state alive without wealth taxes is to constantly tax you more and to constantly tax the middle class more."
UK Wealth Inequality / Taxation
Pending
Living standards for the middle class in the UK will continue to fall without the implementation of wealth taxes.
"I predicted that the government would do what it has done. I predicted the government would squeeze the middle class. I predicted that living standards would fall. I think that these things are basically unavoidable in the absence of wealth taxes."
UK Living Standards
Pending
The UK government's upcoming budget will significantly raise taxes, likely through numerous different tax rises (around 25), impacting almost everyone except the very rich.
"A big thing that will happen in this budget is that the government will raise taxes significantly... they are probably going to have to do like 25 different tax rises, all kinds of different things. ...it looks like they are going to basically raise taxes on absolutely everybody except the very rich"
UK Economics / Taxation
Pending
Annually, as the UK government pays more interest on its debt to the rich, wealth inequality will worsen, with the rich becoming richer and the general public becoming poorer, a trend that will compound over time.
"every year as the government pays more debt to the rich, the rich will get richer, you will get poorer, and this situation will compound and get worse."
UK Economics / Wealth Inequality
Pending