UK right wingers in a frenzy on Twitter over a very dodgy claim UK billionaires / millionaires are fleeing Britain.

I've always laughed about Margaret Thatcher's silliest and most ignorant claim that the problem with socialism is you run out of other people's money..a claim repeated by a Times hack today.

Uhh? where do socialists get "other people's money" from?

Duhhh.. via taxation just like Capitalist regimes.

Has all of Scandinavia been living of "other people's money" or indeed doing the opposite..ensuring the mass of people own the countries resources and this provide a great standard of living with the people's own money via tax.

And so much so that Finland has a $Trillion sovereign fund it invests to provide even more services.

I know right wing hacks have to repeat this hogwash but it used annoy me when I asked my working class pals who adored Thatcher to explain it but they always went blank.

Did Thatcher believe her rubbish?. I think probably not but some speech writer probably came up with it, successfully as a great soundbite..

hedda wrote:


Has all of Scandinavia been living of "other people's money" or indeed doing the opposite..ensuring the mass of people own the countries resources and this provide a great standard of living with the people's own money via tax.

And so much so that Finland has a $Trillion sovereign fund it invests to provide even more services.



The Scandanavian countries do seem to have it sussed and always come out highest on life contentment indexes. They also have relatively enlightened criminal justice systems.