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Rudi Hedman Caterham 07 Nov 19 12.31pm | |
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Originally posted by Jway89
Fair enough. I'm of the opposite view.Spend when its going bad, save when it's going good. New labour or any labour isn’t.
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Deleted11 07 Nov 19 12.32pm | |
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Originally posted by mezzer
Check out Modern Monetary Theory (MMT) if you haven't already. Not sure I agree with it all but at least it tries to make sense of why all the old economic rules changed in 2008. Thanks. I have. It's very interesting, however, as with everything, could be used, rather incompetently, as a political weapon.
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Deleted11 07 Nov 19 12.40pm | |
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Originally posted by cryrst
Labour want to tax the top 5% of earners more. It's over £80k, if I've read that right. Don't get me wrong, I don't want to pay any taxes, but just look at the part of your statement I've just bolded. Only 5% of 40mish eligible to work people earn over £80k. I'd say we're doing alright if we're earning £80k+ So worst case scenario is If you're earning £149k now, which must put you in the top 0.5%, you will pay an extra £3.5k in tax. Not quite life threatening is it?
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W12 07 Nov 19 12.52pm | |
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Originally posted by Hrolf The Ganger
Indeed. Who talks about the amount of tax lost on immigrant businesses insisting on cash only payments? Labour wants to tax everyone big time to pay for their renationalisation scheme so you'd think they would be on that. There are numerous economic and social issues. Look at the amount of remittances (money wired "home" ) that's leaving the country. It's billions and some of this is undoubtedly money earmarked for "social care" and paid out in benefits. The stats related to this also reveal the relatively low number of immigrants who are actually working and the even lower number who are actually earning enough not to be a burden on the state. The threshold for this is surprisingly high. I believe there is also widespread corruption from what I've been told e.g. people renting out multiple council properties under multiple names, abuse of the child care provisions (people setting up bogus nursery's and re-directing funds/salaries elsewhere) and this is all enabled by people on the inside of our local councils. Then there is the fact that all this is at the expense of people that have paid into the system all their lives. Look at the current crisis in elderly care. They are having to choose between heating or eating and many of our elderly are just dying. We have block voting for socialist parties along with electoral fraud that increases and accelerates the ability for all this to happen and eventually will make it inevitable that we get a socialist government. We have crime, we have social division and the facts of all of this are hidden from us and cannot be discussed. At the end of the day the reason this is happening is partly because it depresses wages for big business but mainly to artificially inflate property prices that our entire economy (and that of the west) now rests on. Edited by W12 (07 Nov 2019 1.00pm)
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steeleye20 Croydon 07 Nov 19 12.54pm | |
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Cabinet Office blocks publication of OBR economic forecast. Treasury forecaster’s report was expected to show decline in UK public finances. They haven't waited for the election, Javid has been exceeding the limits set by previous Chancellor Hammond, the borrow and spend scenario is already well on its way. 10 years austerity produced nothing tangible and now they will be promising just about anything.
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chris123 hove actually 07 Nov 19 12.57pm | |
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Originally posted by Jway89
Germany basically controls whether the ECB prints euros or not, making it the EU's central bank by proxy. How did we have the ability to bail the system out? We printed. Greece cannot print euros, only the ECB via German authority can do that, hence Greece gets shafted as a statement to the rest of Europe. The Tories thought austerity was a sane and viable economic option, not because our debt was insane but because our deficit was too high. Our deficit is always going to be negative, because we are a developed country. The simple example is if you're doing alright for yourself and you shop at Waitrose every week, is your deficit with Waitrose going to be positive or negative? And I thought it was Mario.
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Deleted11 07 Nov 19 1.00pm | |
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Originally posted by chris123
And I thought it was Mario. It really isn't. There's no money for Greece, unless they accept austerity, but amazingly Deutchebank gets billions printed, no questions asked.
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Hrolf The Ganger 07 Nov 19 1.36pm | |
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Originally posted by steeleye20
Cabinet Office blocks publication of OBR economic forecast. Treasury forecaster’s report was expected to show decline in UK public finances. They haven't waited for the election, Javid has been exceeding the limits set by previous Chancellor Hammond, the borrow and spend scenario is already well on its way. 10 years austerity produced nothing tangible and now they will be promising just about anything. Are you on drugs? Labour is promising ridiculous spending that they cannot possibly deliver. It is laughable.
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W12 07 Nov 19 1.40pm | |
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Originally posted by Hrolf The Ganger
Are you on drugs? Labour is promising ridiculous spending that they cannot possibly deliver. It is laughable. To be fair, I think Blair did more to advance the Marxist agenda than Corbyn ever will.
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cryrst The garden of England 07 Nov 19 1.42pm | |
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Originally posted by Jway89
It's over £80k, if I've read that right. Don't get me wrong, I don't want to pay any taxes, but just look at the part of your statement I've just bolded. Only 5% of 40mish eligible to work people earn over £80k. I'd say we're doing alright if we're earning £80k+ So worst case scenario is If you're earning £149k now, which must put you in the top 0.5%, you will pay an extra £3.5k in tax. Not quite life threatening is it? As may be but when they start hitting the top 10% as the top 5 isnt enough that's what's worrying.
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steeleye20 Croydon 07 Nov 19 1.56pm | |
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Another day on HOL election special !!!! How many 'marxist' entries today? About 90%. How many have ever read Marx? Nobody, quite. They wouldn't get past the first page.
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Deleted11 07 Nov 19 1.57pm | |
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Originally posted by cryrst
As may be but when they start hitting the top 10% as the top 5 isnt enough that's what's worrying. So now it's the top 10%. What i they start raising taxes on the 100%? The not realised side effect of capitalism is socialism though. Look at the NHS, pensions, minimum wages, bank bailouts, welfare. Isn't all that evidence of some socialism? If you would prefer to not have any of that, then, I think you would be in the minority, but, if you want an NHS and a pension when you retire, then you will need to contribute.
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