tag:blogger.com,1999:blog-17101458.post8978567492281952041..comments2023-10-31T15:14:05.373+00:00Comments on Hagley Road To Ladywood: Cliches of 2010 #4Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-17101458.post-56812097425501637592010-12-12T17:05:39.675+00:002010-12-12T17:05:39.675+00:00Your last point: What they're doing is not com...Your last point: What they're doing is not comical at all. The current government is being very coherent about it. Education will soon be the preserve of the rich again, even more than it is now.<br /><br />The myth of "trickle down wealth" is particularly blatant if you look at house prices in London. Wealth trickled down so much that in the space of twenty years undreds of thousands were priced out by the increasing number of millionaires setting up camp there.Johnny Thttps://www.blogger.com/profile/16257936725753055947noreply@blogger.comtag:blogger.com,1999:blog-17101458.post-7878904398632424922010-12-12T16:31:14.351+00:002010-12-12T16:31:14.351+00:00Fantastic series of cliches!
This particular one ...Fantastic series of cliches!<br /><br />This particular one is a belief (sadly swallowed by New Labour too) that enrages me the most.<br /><br />The myth of "trickle down wealth" utterly fails to confront the fact that the presence of the rich impoverishes everyone else in a society because prices (notably of property) rise to meet the elite's ability to pay. <br /><br />A rising tide may lift all boats: but most of us do not have boats so more and more are finding themselves drowning. <br /><br />Labour was quite happy to use rising property prices to distract people from the fact that their salaries were stagnating but it seems pretty clear (unsurprisingly) that the Conservatives/Lib Dems don't want to do anything about the on-going crisis which cannot end well with growing millions priced out while millions of others are in hock to the banks for far more than the homes they live in are worth by any historic measure of value.<br /><br />(Correction, they are doing something: with characteristic humanity, they're kicking the poorest and most vulnerable out of their state funded housing rather than regulating the rental market.)<br /><br />It's also almost comic that it is precisely the parties who are happy to justify tax evasion and light regulation of the super-rich on the grounds that this means "more crumbs for the poor" who are utterly unwilling to support the idea that a society might benefit from the presence of the university educated.Tim Hardynoreply@blogger.com