Richard Murphy – How Do We Pay For It?

The ‘killer’ question that any journalists thinks that they can ask a politician who is proposing any new initiative is ‘how are you going to pay for it?’ The assumption is that government lives in a zero-sum and financially constrained world where if they are to propose some new action then something else has to be foregone to pay for it, or a specific new tax has to be found to fund the project.

The trouble is that most politicians share the journalists view: they also think that they are constrained.

We end up in a world of impoverished ideas, and impoverished people.

But this constraint rarely exists. The video explains why. We can pay for things, simply by doing them. Creating wealth pays for itself.

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