SUBSIM Radio Room Forums - British debts and deficits

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- - British debts and deficits - worse than Greece (https://www.subsim.com/radioroom/showthread.php?t=162899)

Quote:

Originally Posted by Dan D (Post 1290394)

Hey Schroeder,

in Germany you get a residence permit as a self-employed person if you invest at least 500.000 € and create 5 jobs.

Else, you must either be a highly trained person like scientist, professor, manager or skilled worker with special work experience and proven high income (good tax payers).

Finally, there is working visas for temporary stays, which you get only, if you prove that you have a valid contract of labour before you enter the country.

If you can’t make a living on your own, you get tossed out of the country (no tax payments, no umemployment insurance contributions).
That’s it, roughly.

A lot of people these days have a work contracts for maybe only few months. Would that be enough? And then kick out of the country? What if the country they are being returned to has the same policy, meaning they don't take anyone without work there, and there is basically zero work around. Will the person be bounced around forever in a kind of limbo between nations?

Edit. On subject itself, Germany (or some German politicians) have told Greece to sell some of it's islands. Greece I think said no. I wonder what would happen if Greece just said "This Is SPARTAA!" :D

Quote:

Originally Posted by Skybird (Post 1289740)

If you need to put aside reserves for the future (and you always must!), you can buy a maximum of only one apple: one Taler. The second Taler is for the debts, and the third is for the reserves.

I wonder what is so difficult in understanding this.

Our finance system is complex, but complexity does not make it any less insane.

I like that analogy. Debt is a very good thing in small measures, because it is the lubricant that makes things go smoother. The oil that greases the society and economy. You can iron out and get things running instead of stopping everytime you run out of cash.

But.
Drown your engine with oil and you risk catastrophical damage to it. While debt and oil are not easily comparable, you should know when to apply it and when to stop. In my personal economy, a bit less than one third of my salary is going towards debt repayment. And that is how it should be.

I find it shocking that UK has accumulated that much debt!