| Margaret Starmer... on 21:07 - Feb 24 with 977 views | WD19 |
‘He just gets it’. |  | |  |
| Margaret Starmer... on 21:12 - Feb 24 with 944 views | BanksterDebtSlave |
| Margaret Starmer... on 21:07 - Feb 24 by WD19 |
‘He just gets it’. |
 |  |
| |
| Margaret Starmer... on 00:38 - Feb 25 with 854 views | tractordownsouth |
I don’t think that corporation tax rises are the answer in the current climate (I fully support top rate income tax rises) but if Sunak announces a windfall tax then he’ll have completely done a number on Starmer. |  |
| |
| Margaret Starmer... on 07:46 - Feb 25 with 755 views | Darth_Koont |
We’re not in Kansas anymore, Toto.
Call me an old cynic, but it’s almost as if Labour are taking positions that are better for no-one but their own future career and financial prospects. Constantly looks like they’re interviewing for the position of servant to more powerful and richer interests. |  |
| |
| Margaret Starmer... on 08:06 - Feb 25 with 681 views | Herbivore |
This seems like a bit of a non-story. |  |
| |
| Margaret Starmer... on 08:46 - Feb 25 with 625 views | Darth_Koont |
| Margaret Starmer... on 08:06 - Feb 25 by Herbivore |
This seems like a bit of a non-story. |
No, I think this is at the heart of our democratic/oppositional deficit in the UK.
We have very low corporation tax in the UK (and in combination with low income tax) one of the least progressive tax regimes and a low tax take as a result. Historically that has been an issue which has led to underfunding public services especially local authorities and regional investment. As well as helping put the burden on the public who can least afford it in the shape of austerity.
Here, we have a Labour opposition that should be clearer on the need for investment as well as the redistribution necessary to correct imbalances and inequalities. Yet this party can’t bring itself to push for that alternative way forward with even a tax increase on company profits that would be critically valuable way beyond the next month or so but in how we deal with the next 10 years.
It’s massively depressing to see them dragging their feet and not having the strength of their supposedly socialist/social democratic convictions. And more likely having little to no socialist/social democratic convictions in the first place. | |
| |
| Margaret Starmer... on 08:53 - Feb 25 with 616 views | Herbivore |
| Margaret Starmer... on 08:46 - Feb 25 by Darth_Koont |
No, I think this is at the heart of our democratic/oppositional deficit in the UK.
We have very low corporation tax in the UK (and in combination with low income tax) one of the least progressive tax regimes and a low tax take as a result. Historically that has been an issue which has led to underfunding public services especially local authorities and regional investment. As well as helping put the burden on the public who can least afford it in the shape of austerity.
Here, we have a Labour opposition that should be clearer on the need for investment as well as the redistribution necessary to correct imbalances and inequalities. Yet this party can’t bring itself to push for that alternative way forward with even a tax increase on company profits that would be critically valuable way beyond the next month or so but in how we deal with the next 10 years.
It’s massively depressing to see them dragging their feet and not having the strength of their supposedly socialist/social democratic convictions. And more likely having little to no socialist/social democratic convictions in the first place. |
They seem to simply be saying that now, with the economy on its arse, might not be the best time to raise taxes. Do you think that it is a good time to raise taxes when we're still not out of a pandemic and the economy shrank by 10% last year? I think corporation tax does need to go up, and Labour aren't saying that it doesn't, it's about the timing of it and whether to give the economy a chance to recover a little first. And it seems like discussions are still ongoing about precisely what their stance will be in any case. Like I say, a non-story unless people are deliberately looking for something to jump the shark over. Given the OP and those who are up in arms about it that seems about right to me. | |
| |
| Margaret Starmer... on 09:06 - Feb 25 with 568 views | Darth_Koont |
| Margaret Starmer... on 08:53 - Feb 25 by Herbivore |
They seem to simply be saying that now, with the economy on its arse, might not be the best time to raise taxes. Do you think that it is a good time to raise taxes when we're still not out of a pandemic and the economy shrank by 10% last year? I think corporation tax does need to go up, and Labour aren't saying that it doesn't, it's about the timing of it and whether to give the economy a chance to recover a little first. And it seems like discussions are still ongoing about precisely what their stance will be in any case. Like I say, a non-story unless people are deliberately looking for something to jump the shark over. Given the OP and those who are up in arms about it that seems about right to me. |
It’s a single-figure increase on a tax on profit. At a time when companies who aren’t making a profit are rightly being supported to stay in business.
There’s no underlying economic imperative guiding Starmer here. This seems to be purely about bolstering the recent “pro-business” message by going over the top. And a wasted opportunity to start reforming our tax for the sake of the next 10 years rather than this month’s polling. [Post edited 25 Feb 2021 9:07]
| |
| |
Login to get fewer ads
| Margaret Starmer... on 09:25 - Feb 25 with 529 views | giant_stow |
| Margaret Starmer... on 09:06 - Feb 25 by Darth_Koont |
It’s a single-figure increase on a tax on profit. At a time when companies who aren’t making a profit are rightly being supported to stay in business.
There’s no underlying economic imperative guiding Starmer here. This seems to be purely about bolstering the recent “pro-business” message by going over the top. And a wasted opportunity to start reforming our tax for the sake of the next 10 years rather than this month’s polling. [Post edited 25 Feb 2021 9:07]
|
From what I've read, left and right wing economists seem to be largely agreeing that now would be the worst possible to time to increase taxes. Later, when the recovery's got legs is fine, but not now, right in the eye of the storm. |  |
| |
| Margaret Starmer... on 09:54 - Feb 25 with 505 views | Darth_Koont |
| Margaret Starmer... on 09:25 - Feb 25 by giant_stow |
From what I've read, left and right wing economists seem to be largely agreeing that now would be the worst possible to time to increase taxes. Later, when the recovery's got legs is fine, but not now, right in the eye of the storm. |
Which economists are we talking about?
And of course, we’re not talking tax across the board but an increase in the tax on company profit as well as the windfall tax. We could even bring the high income earners into this.
And you’ll always find economists in the neoliberal media willing to argue against all of that. They must be utterly bamboozled how economies with higher taxes have managed to grow and maintain higher productivity over the years, let alone be more resilient to the pandemic, given those sums just don’t add up for them. | |
| |
| Margaret Starmer... on 09:58 - Feb 25 with 491 views | giant_stow |
| Margaret Starmer... on 09:54 - Feb 25 by Darth_Koont |
Which economists are we talking about?
And of course, we’re not talking tax across the board but an increase in the tax on company profit as well as the windfall tax. We could even bring the high income earners into this.
And you’ll always find economists in the neoliberal media willing to argue against all of that. They must be utterly bamboozled how economies with higher taxes have managed to grow and maintain higher productivity over the years, let alone be more resilient to the pandemic, given those sums just don’t add up for them. |
Quick answer cos I've got a meeting starting in 4 mins, but the keynesian mob seem dead set against any fiscal tightenning right now and I've always assumed them to be more of the left. Meanwhile the monetrist / liberal side worry about growing debt, but largely seem to think that worrying later, not now is wise.
COuld be wrong and have no names. | |
| |
| Margaret Starmer... on 10:09 - Feb 25 with 470 views | BanksterDebtSlave |
| Margaret Starmer... on 09:25 - Feb 25 by giant_stow |
From what I've read, left and right wing economists seem to be largely agreeing that now would be the worst possible to time to increase taxes. Later, when the recovery's got legs is fine, but not now, right in the eye of the storm. |
Yeah, give it to the share holders not wider society! | |
| |
| Margaret Starmer... on 10:10 - Feb 25 with 468 views | Darth_Koont |
| Margaret Starmer... on 09:58 - Feb 25 by giant_stow |
Quick answer cos I've got a meeting starting in 4 mins, but the keynesian mob seem dead set against any fiscal tightenning right now and I've always assumed them to be more of the left. Meanwhile the monetrist / liberal side worry about growing debt, but largely seem to think that worrying later, not now is wise.
COuld be wrong and have no names. |
Debt isn’t the issue, of course. But this is the opportunity to start reforming our economy and dragging ourselves into the 21st century – yes, it’s a pandemic but once things are “business as usual” then it will be forgotten.
The effect on recovery is being totally overplayed by those who politically and/or financially gain from saying that. | |
| |
| Margaret Starmer... on 10:16 - Feb 25 with 452 views | Nthsuffolkblue |
Maybe the issue is more in closing loopholes that allow bigger businesses to avoid paying rather than raising taxes, especially on those businesses that have been hit hardest by the pandemic (although I recognise there are also those that have benefitted from it). |  |
| |
| Margaret Starmer... on 10:30 - Feb 25 with 436 views | Darth_Koont |
| Margaret Starmer... on 10:16 - Feb 25 by Nthsuffolkblue |
Maybe the issue is more in closing loopholes that allow bigger businesses to avoid paying rather than raising taxes, especially on those businesses that have been hit hardest by the pandemic (although I recognise there are also those that have benefitted from it). |
Sure. There’s that as well.
But the fact that there’s still very little political and media will to do that is symptomatic of us being utterly lost in the dogma that neoliberalism and focusing on opportunity is still the way forward.
I think that’s embarrassingly out of touch and out of date for a supposed modern economy and society with all the social, environmental and even economic evidence available. | |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
