| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 08:54 - Nov 2 with 2477 views | StokieBlue |
Thought this was going to be an Eric Clacton style thread!
Doesn't make great reading but also doesn't offer any solutions. Borrow more or tax more would seen to be the only options.
I also note that once again the IFS is being used as a valid source so I guess everyone is accepting their assessment of the manifestos from the election after copious amounts of blubbing on here.
SB [Post edited 2 Nov 2017 8:56]
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| Avatar - IC410 - Tadpoles Nebula |
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| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 09:11 - Nov 2 with 2448 views | WD19 |
I am not sure ‘relative poverty’ is helpful here. Instinct suggests that ‘real’ poverty is likely on the rise. That is the real story and has the bigger impact. Can that not be measured?
Although ‘relative poverty’ is a consistent measure over time (I guess) it is akin to saying the current Burnley left back is in ‘relative poverty’ vs the median premier league wage. |  | | |
| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 09:22 - Nov 2 with 2429 views | hampstead_blue |
The BBC had a program last night on this.
Trickle Down economics. Seems we were sold a pup.
I'd prefer a simpler almost flat tax regime were everyone pays. |  |
| Assumption is to make an ass out of you and me.
Those who assume they know you, when they don't are just guessing.
Those who assume and insist they know are daft and in denial.
Those who assume, insist, and deny the truth are plain stupid.
Those who assume, insist, deny the truth and tell YOU they know you (when they don't) have an IQ in the range of 35-49.
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| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 09:24 - Nov 2 with 2425 views | StokieBlue |
| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 09:22 - Nov 2 by hampstead_blue |
The BBC had a program last night on this.
Trickle Down economics. Seems we were sold a pup.
I'd prefer a simpler almost flat tax regime were everyone pays. |
There have been quite a few studies showing that a flat rate tax scheme works well. Will get short-shrift on here though for all the usual reasons.
SB | |
| Avatar - IC410 - Tadpoles Nebula |
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| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 09:26 - Nov 2 with 2425 views | homer_123 |
| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 09:24 - Nov 2 by StokieBlue |
There have been quite a few studies showing that a flat rate tax scheme works well. Will get short-shrift on here though for all the usual reasons.
SB |
The issue with the flat rate is that by simplifying it, you don't need as many people employed to manage it.
(this isn't a problem per say, other than these people need to find another job).
Flat rate of 50% to 60% - no VAT, no insurance premium tax etc etc etc. No issues from me. Although this doesn't have any affect on how the incumbent Gov spends said money. [Post edited 2 Nov 2017 9:28]
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| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 09:28 - Nov 2 with 2420 views | StokieBlue |
| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 09:26 - Nov 2 by homer_123 |
The issue with the flat rate is that by simplifying it, you don't need as many people employed to manage it.
(this isn't a problem per say, other than these people need to find another job).
Flat rate of 50% to 60% - no VAT, no insurance premium tax etc etc etc. No issues from me. Although this doesn't have any affect on how the incumbent Gov spends said money. [Post edited 2 Nov 2017 9:28]
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50%-60% for everyone as a flat rate?
Surely you jest.
SB | |
| Avatar - IC410 - Tadpoles Nebula |
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| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 09:30 - Nov 2 with 2423 views | homer_123 |
| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 09:28 - Nov 2 by StokieBlue |
50%-60% for everyone as a flat rate?
Surely you jest.
SB |
"Scandinavian income taxes raise a lot of revenue because they are actually rather flat. In other words, they tax most people at these high rates, not just high-income taxpayers. "
So, yes the majority get taxed at these high rates SB....it's an incredibly effective and simple way of raising tax revenue.
I should state that the 50% to 60% is the top rate margin. [Post edited 2 Nov 2017 9:31]
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| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 09:37 - Nov 2 with 2406 views | StokieBlue |
| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 09:30 - Nov 2 by homer_123 |
"Scandinavian income taxes raise a lot of revenue because they are actually rather flat. In other words, they tax most people at these high rates, not just high-income taxpayers. "
So, yes the majority get taxed at these high rates SB....it's an incredibly effective and simple way of raising tax revenue.
I should state that the 50% to 60% is the top rate margin. [Post edited 2 Nov 2017 9:31]
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If there is a top rate margin it's not a flat income tax system, it's just a less complex one.
The Scandinavian system is different to a the flat rate system mentioned by another poster. It probably is very effective but I suspect most voters won't vote for someone who is going to take 50p out of every pound they earn.
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| Avatar - IC410 - Tadpoles Nebula |
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| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 09:41 - Nov 2 with 2401 views | StokieBlue |
Your mates Positive Money are protesting outside the BoE today according to the Guardian.
SB | |
| Avatar - IC410 - Tadpoles Nebula |
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| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 10:29 - Nov 2 with 2367 views | BanksterDebtSlave |
Well somebody had to pay for QE......
Stokie in 5...4....3 !  |  |
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| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 10:30 - Nov 2 with 2365 views | BanksterDebtSlave |
| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 09:22 - Nov 2 by hampstead_blue |
The BBC had a program last night on this.
Trickle Down economics. Seems we were sold a pup.
I'd prefer a simpler almost flat tax regime were everyone pays. |
Do you have a link ? | |
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| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 10:38 - Nov 2 with 2356 views | BanksterDebtSlave |
| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 09:41 - Nov 2 by StokieBlue |
Your mates Positive Money are protesting outside the BoE today according to the Guardian.
SB |
Good on them......
"A group of demonstrators have gathered outside the Bank of England.
They’re from Positive Money, a group pushing for ‘QE for People’ -- the idea that Britain creates new money to spend on green infrastructure, education or other social benefits.
Fran Boait, Executive Director of Positive Money, warns that an interest rate hike today could be very damaging:
“A decision today to raise rates at a time when real wages are falling risks shortening the fuse on Britain’s ticking household debt time bomb.
The Bank of England needs new policy tools which can deliver a sustainable boost to incomes, such as QE for People.”
Currently, the Bank’s QE (quantitative easing) programme has only bought government and corporate bonds, which has driven up their price and also fuelled the stock market rally.
Central banks claim that their QE programmes have propped up the economy and kept unemployment low, but critics argue that they also increased wealth inequality...and even created the economic conditions that led to the Brexit vote and Donald Trump’s presidency." | |
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| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 10:38 - Nov 2 with 2355 views | hampstead_blue |
| Pump up the JAM(S) !.....austerity chickens come home to roost ! on 10:30 - Nov 2 by BanksterDebtSlave |
Do you have a link ? |
I don't.
The BBC Iplayer should have it.
It was fairly old hat. Stuff that's been out there for a while.
John Cauldwell came across very well. Has paid £250m in tax in past 4 years. Nice problem to have.
Making tax simple is the best way to make people pay. I'm all for making people pay their "fair" share. When I looked after HNW's I avoided the tax dodging schemes. To shady and never good in the long run. | |
| Assumption is to make an ass out of you and me.
Those who assume they know you, when they don't are just guessing.
Those who assume and insist they know are daft and in denial.
Those who assume, insist, and deny the truth are plain stupid.
Those who assume, insist, deny the truth and tell YOU they know you (when they don't) have an IQ in the range of 35-49.
| | Poll: | Best Blackpool goal |
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