kapuasuite
Joined 7 years ago
Joined 7 years ago
https://www.google.com/amp/s/amp.theguardian.com/money/2019/...
This is it - over taxing and over regulating productive activity eventually leads to less growth and lower standards of living.
The UK’s been ruled by a relatively small hereditary aristocracy for, what, 1,000 years? A self-interested political class is hardly a new phenomenon there.
There’s a massive housing shortage in the United States and it’s acting like a vacuum, sucking up wealth and diverting it to landowners.
Who does this benefit, though?
The big extensions came in the mid-70s and late 90s, well within living memory. According to your own link they nearly doubled the average duration and pushed it over 100 years.
Read Postwar, by Tony Judt. It's a pretty good roundup of what happened in Europe during the post-war era, including the start of the Cold War.