Originally posted by BlasterBates
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Labour tax manifesto
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Originally posted by AtW View PostWhat happens in General, stays in General.You know what they say about assumptions!Comment
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The intelligence of a ‘Conservative Political Communications and Social Media’ expert:
“Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.”Comment
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Originally posted by darmstadt View PostThe intelligence of a ‘Conservative Political Communications and Social Media’ expert:
Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.Comment
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Originally posted by darmstadt View PostThe intelligence of a ‘Conservative Political Communications and Social Media’ expert:
I am what I drink, and I'm a bitter manComment
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I'm not interested in the Labour Manifesto but I admire its attempt (even if utterly in vain) to move the discussion to the single thing that is wrong with this country (as alluded to by #rogerfederer)
We don't pay enough tax.
We only pay about 35% tax. More civilised nations (think Belgium, Denmark) pay more like 45%. That's 30% more!!
All the bollox about "We'll give and extra £50 billion to the NHS". "Well in that case we'll give another £80billion" "We'll spend £100 billion on infrastructure" "Right - put us down for £200 billion" "We'll pump £120 billion into education... etc"
It's all bollocks because we don't have the money. The way you get money is i) inflation (sorry- not possible), ii) borrowing (sorry -we're up to our necks in debt) or iii) tax.
It won't happen straight away but after the abject failure of the Thatcher-Regan years, we've got to get back to paying more tax."Don't part with your illusions; when they are gone you may still exist, but you have ceased to live" Mark TwainComment
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Originally posted by Cirrus View PostI'm not interested in the Labour Manifesto but I admire its attempt (even if utterly in vain) to move the discussion to the single thing that is wrong with this country (as alluded to by #rogerfederer)
We don't pay enough tax.
We only pay about 35% tax. More civilised nations (think Belgium, Denmark) pay more like 45%. That's 30% more!!
All the bollox about "We'll give and extra £50 billion to the NHS". "Well in that case we'll give another £80billion" "We'll spend £100 billion on infrastructure" "Right - put us down for £200 billion" "We'll pump £120 billion into education... etc"
It's all bollocks because we don't have the money. The way you get money is i) inflation (sorry- not possible), ii) borrowing (sorry -we're up to our necks in debt) or iii) tax.
It won't happen straight away but after the abject failure of the Thatcher-Regan years, we've got to get back to paying more tax.
For instance, practical experience (mainly by previous Labour governments, as it happens) have shown that putting up tax rates gives an initial jump but then reduces overall tax income as people, and more importantly, companies, work around it.
And by what measure was Thatcher an economic failure?Blog? What blog...?Comment
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Originally posted by malvolio View PostYou really don't understand economics, do you?
That goes double for economists.Comment
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Originally posted by malvolio View PostYou really don't understand economics, do you?
For instance, practical experience (mainly by previous Labour governments, as it happens) have shown that putting up tax rates gives an initial jump but then reduces overall tax income as people, and more importantly, companies, work around it.
And by what measure was Thatcher an economic failure?I'm alright JackComment
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Originally posted by BlasterBates View PostOther countries in Europe have a higher GDP and higher tax revenues with respect to GDP, Germany and Sweden for example. In these countries companies and individuals have obviously been unable to find a way around paying more tax.
Labour's manifesto touches on several things that do need attention. the problem is their basic, fundamental mechanism for raising the money they need simply doesn't work.Blog? What blog...?Comment
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