Sky_Blue_Dreamer
Well-Known Member
Which makes you wonder why the supposedly more economically savvy party consistently rejected investment in infrastructure in favour of the complete opposite (austerity) during our recent problems...Defence spending is often circular inward investment. Orders given to BAE, SFL, W Cook etc., these companies pay wages - tax back to gov. Pay rates, VAT, Corp tax etc. back to gov. Employees spend on goods, taxed. Bills, taxed, mortgage int - profits to banks, taxed. Defence and infrastructure spending often kickstarts certain economies. In the 1930’s it was done to combat the Great Depression in USA, Italy, Ger….. hold on…. (Satire)