azekeil: (nice fish)
So the news over the past few months has been about (and really these should all be in quotes) austerity, tax avoidance by big corporations, UK taxes that unfairly target the poorest or least able to defend themselves and now the 'middle class squeeze' on children - that those middle class children of relatively affluent parents growing up can expect to have less than their parents: more precisely, £50k debt on leaving uni and huge difficulty buying a property.

It occurred to me that with the rise of globalism, i.e. the ability to ship goods made in one country to another very cheaply, countries and their economies seem to have two choices: tax imports heavily to subsidise their standards of living or face standards of living being equalised throughout the nations you trade with. Clearly we can see that has already been happening as India, China rapidly transform themselves into visions of western commerce.

Of course, this leaves some services and most construction labour needing to be done locally, but as intangible goods increasingly make up more of an economy this makes taxation and the concept of borders tricker.

I begin to wonder how long economies like Denmark can continue to differentiate themselves in the face of globalisation. I think corporations and intangible goods have risen quicker than taxation laws are able to keep up.

As may be obvious to anyone who has actually studied any of this stuff, I am very much a lay person who has not. Any pointers around any of the theories I'm wildly throwing around would be most appreciated :)

Hah...

Jul. 18th, 2007 05:16 pm
azekeil: (oooooooo!)
My last update seemed to come out differently to the one I was imagining in my head. I wanted to talk about approaching my 30th and feeling that I was having fun but not really following my dreams or ambitions, like blacksmithing (specifically weaponsmithing). I've always been the sort to have something to look forwards to, to work towards. I've also been adverse to spending money on entertainment (harks back to my student days, I guess). So I guess I've been coming to the conclusion that it's not wrong to want to spend a bit of money on hobbies, even when those hobbies could be quite costly - if I can afford it, that is.

So, this is why I want to sort out my finances, so I'm not putting my hobbies before my original and sensible plans of making sure I have a decent pension and no mortgage in my old age. Anything left over after that will be money for toys; which is better than my current cycle of spending money on toys and not actually saving up for the house improvements or anything sensible. I know this is a phase and I know it's going to change soon, but I guess I just want to make sure I'm not committing myself to a boring life with my plans for the future without living while I'm young enough to enjoy it fully :)

Other people don't seem to have these issues - or if they do they don't seem to talk about them much. So, how do other people view these sorts of things?
azekeil: (bike)
I'm trying to work out what the best thing to do might be. Fancy reading and giving me some suggestions?

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