Categories: Newspaper Watch

Astonishing Claim In The Guardian

Rather than philanthropy, the super-wealthy should give their money to governments that know better how to spend it

If this is true then why does the rest of The Guardian consist of complaints about how the current actual government spends that money?

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Tim Worstall

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  • Correct me if I'm wrong, but don't the people making this claim also routinely tell us the government can spend freely regardless of how much it collects? Deficits don't matter, never have to be repaid, just shake the Magic Money Tree, etc.

    So, why do we need more of the billionaires' money?

  • "It’s estimated that global losses from multinational corporations shifting their profits are about $500bn a year" (source: Tax Justice Network)

    Oh, my aching sides.

  • Agreed, but which are these governments that know better how to spend it? The Saudis frog zample are good at buying Rollers and Knightsbridge properties, but their spending record on champers and vodka is spotty to say the least.

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Tim Worstall

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