Sunday, October 2, 2022

Reference :- Britain is starting on the road to economic recovery by giving tax cuts to the rich , and removing the ceiling on banker's bonuses .

 Reference :-   Just when we thought " trickle down economics " had finally been discredited , Sky News is singing it's praises . 


Dear comrades at Sky News , 

A chap like me , who left school aged twelve to work on the farm , has next to no understanding of economics .   Those financial analysts who report on the Niki Jones and the Dow cash rate for the GDP index really must know their stuff .  

Hearing them talk reminds me of when the priest at the Kooralya church would conduct a service in Latin .   We had no idea what he was saying , but it sure sounded impressive , and well worth a handful of shillings in the collection box . Thankfully the experts at Sky News take the time to explain the mechanics of fiscal and monetary policy using language I can understand , and if you tell me that giving tax cuts and huge bonuses to the rich will cause a  " trickle down " of mazuma to the impoverished , that is good enough for me . 

I explained this useful economic model to cousin Trevor , who lives down on the Gold Coast .  Trev ( as we call him ) has a modest income , and it costs him a lot in freeway tolls and petrol to get to work each day , but at least he has a job .  The other day old Trev, who  has a heart of gold , was saddened by the sight of a homeless chap begging by the side of the road . Trev couldn't stop in the traffic , even though he wanted to help. 

Anyway , after I explained the "trickle down " process , Trev drove to the flashest house he could find in the most expensive suburb and stuffed some cash in their letterbox .  We reckon it won't be long before it lands in the pocket of that poor homeless chap. 

Thanks for giving us the heads up on how economies work and explaining how the average citizen , using their initiative , can do their bit .  I always try to complete financial transactions without involving the banks ....those bastards . 


Your comrade , Ken



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