Nationalisation certainly isn’t extreme

But it would depend on the price. There aren’t many countries in Europe which have renationalised privatised industries - mostly they just never privatised them. So Labour would be buying back and if they pay market value the cost to the country is HUGE, but if they don’t then capital gets totally spooked, because taking but not paying is slightly extreme

The issue with his tax plans is the unreality of it all. Vast - incalculably vast - sums to be spent, but on the completely unrealistic basis that this can be done just by a bit more from the 1% and a gentle raise in corporation tax. As the IFS pointed out, this isn’t possible.

Posted By: Old Git, Dec 12, 12:14:35