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Coronavirus Thread (Off Topic, Politics) (63 Viewers)

  • Thread starter BackRoomRummermill
  • Start date Feb 23, 2020
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David O'Day

Well-Known Member
  • May 13, 2020
  • #22,821
skybluetony176 said:
VAT? That can’t be true. VAT is down to the nasty EU. OUT MEANS OUT!
Click to expand...
They'd be absolutely mental to do that.

Johnson is promising no return to austerity and that would yank the economy further

Sent from my SM-G975F using Tapatalk
 

Sky Blue Pete

Well-Known Member
  • May 13, 2020
  • #22,822
Deleted member 5849 said:
What's wrong with them raising tax to pay for it?
Click to expand...
It’s probably the continued pay freeze for public sector workers including our nurses
 

Ian1779

Well-Known Member
  • May 13, 2020
  • #22,823
Deleted member 5849 said:
What's wrong with them raising tax to pay for it?
Click to expand...
Depends where you raise it. Are the more likely to raise the income tax rate for those earning >80K or those earning at the lowest levels?
 
B

Brighton Sky Blue

Well-Known Member
  • May 13, 2020
  • #22,824
Deleted member 5849 said:
What's wrong with them raising tax to pay for it?
Click to expand...

Not much. But kicking the public sector for another few years after it, particularly health and education, have had to work overtime in this timeframe, would be quite unfortunate.

Millennials left school during the 2008 recession, Gen Z will do it during a Covid recession. Both will be told they are entitled for complaining about the consequences of that
 
Reactions: djr8369

David O'Day

Well-Known Member
  • May 13, 2020
  • #22,825
Deleted member 5849 said:
What's wrong with them raising tax to pay for it?
Click to expand...
Because raising tax in a downturn decreases demand which makes the recession worse



Sent from my SM-G975F using Tapatalk
 

David O'Day

Well-Known Member
  • May 13, 2020
  • #22,826
Brighton Sky Blue said:
Not much. But kicking the public sector for another few years after it, particularly health and education, have had to work overtime in this timeframe, would be quite unfortunate.

Millennials left school during the 2008 recession, Gen Z will do it during a Covid recession. Both will be told they are entitled for complaining about the consequences of that
Click to expand...
There's loads wrong with it.

Decreasing demand with decreases the tax take for 1

Sent from my SM-G975F using Tapatalk
 
B

Brighton Sky Blue

Well-Known Member
  • May 13, 2020
  • #22,827
David O'Day said:
There's loads wrong with it.

Decreasing demand with decreases the tax take for 1

Sent from my SM-G975F using Tapatalk
Click to expand...

Well the bill is hundreds of billions which needs to be covered somehow. The question is who do you ask to pay more towards it
 

SkyBlueDom26

Well-Known Member
  • May 13, 2020
  • #22,828
Hopefully today marks the beginning of our road to recovery..... slightly worrying seeing the leaked documents on how were going to have to pay for this in the years to come
 
B

Brighton Sky Blue

Well-Known Member
  • May 13, 2020
  • #22,829
SkyBlueDom26 said:
Hopefully today marks the beginning of our road to recovery..... slightly worrying seeing the leaked documents on how were going to have to pay for this in the years to come
Click to expand...

Seems like the penny is finally dropping
 

SkyBlueDom26

Well-Known Member
  • May 13, 2020
  • #22,830
Brighton Sky Blue said:
Seems like the penny is finally dropping
Click to expand...
Meaning?
 

Skybluefaz

Well-Known Member
  • May 13, 2020
  • #22,831
Just no chance
 
B

Brighton Sky Blue

Well-Known Member
  • May 13, 2020
  • #22,832
SkyBlueDom26 said:
Meaning?
Click to expand...

We’ll see if you keep worshipping the ground Boris walks on or if you start to see that maybe he’s not what he bigged himself up to be. Things like this will kick our generation harder
 

SkyBlueDom26

Well-Known Member
  • May 13, 2020
  • #22,833
Brighton Sky Blue said:
We’ll see if you keep worshipping the ground Boris walks on or if you start to see that maybe he’s not what he bigged himself up to be. Things like this will kick our generation harder
Click to expand...
It was obvious we’re going to have to pay financially for it, let’s just hope the kick isn’t too big and from today we get things reopen and the economy safely moving.... this is why we can’t stay in lockdown forever

Seen somewhere that 1 in 3 companies might not reopen
 
P

PVA

Well-Known Member
  • May 13, 2020
  • #22,834
SkyBlueDom26 said:
It was obvious we’re going to have to pay financially for it, let’s just hope the kick isn’t too big and from today we get things reopen and the economy safely moving.... this is why we can’t stay in lockdown forever

Seen somewhere that 1 in 3 companies might not reopen
Click to expand...

Look at the images of the buses above, it isn't reopening safely, it can't.
 
B

Brighton Sky Blue

Well-Known Member
  • May 13, 2020
  • #22,835
SkyBlueDom26 said:
It was obvious we’re going to have to pay financially for it, let’s just hope the kick isn’t too big and from today we get things reopen and the economy safely moving.... this is why we can’t stay in lockdown forever

Seen somewhere that 1 in 3 companies might not reopen
Click to expand...

The kick will be to nurses and teachers again, instead of the investment bankers and lawyers who have contributed nothing during the crisis. I would like to be proven wrong but what I’m afraid you will see is the party of the rich protecting the rich and getting you to cover the bill
 
Reactions: Sky_Blue_Dreamer, djr8369 and Ian1779
D

Deleted member 5849

Guest
  • May 13, 2020
  • #22,836
SkyBlueDom26 said:
It was obvious we’re going to have to pay financially for it, let’s just hope the kick isn’t too big and from today we get things reopen and the economy safely moving.... this is why we can’t stay in lockdown forever

Seen somewhere that 1 in 3 companies might not reopen
Click to expand...
Good to see you're all for lefty policies
 

David O'Day

Well-Known Member
  • May 13, 2020
  • #22,837
Brighton Sky Blue said:
Well the bill is hundreds of billions which needs to be covered somehow. The question is who do you ask to pay more towards it
Click to expand...
Most of that will be owed to the bank of england who are owned by the uk government.

You can slowly pay it off as per the slavery reparations which we have only just paid off.

Also if you actually stimulate the economy you increase the tax rate more.

Sent from my SM-G975F using Tapatalk
 
B

Brighton Sky Blue

Well-Known Member
  • May 13, 2020
  • #22,838
Deleted member 5849 said:
Good to see you're all for lefty policies
Click to expand...

Nobody’s a free market capitalist in a crisis
 
Reactions: Sky_Blue_Dreamer

skybluetony176

Well-Known Member
  • May 13, 2020
  • #22,839
SkyBlueDom26 said:
It was obvious we’re going to have to pay financially for it, let’s just hope the kick isn’t too big and from today we get things reopen and the economy safely moving.... this is why we can’t stay in lockdown forever

Seen somewhere that 1 in 3 companies might not reopen
Click to expand...
Either that or the infection and death rates will start rising again.
 
Reactions: Brylowes
B

Brighton Sky Blue

Well-Known Member
  • May 13, 2020
  • #22,840
David O'Day said:
Most of that will be owed to the bank of england who are owned by the uk government.

You can slowly pay it off as per the slavery reparations which we have only just paid off.

Also if you actually stimulate the economy you increase the tax rate more.

Sent from my SM-G975F using Tapatalk
Click to expand...

I agree, but the tax rate was too low anyway
 
Reactions: hill83

SkyBlueDom26

Well-Known Member
  • May 13, 2020
  • #22,841
skybluetony176 said:
Either that or the infection and death rates will start rising again.
Click to expand...
Which is why we have to find the right balance as being locked down forever will be much worse in the months to come
 
D

Deleted member 5849

Guest
  • May 13, 2020
  • #22,842
Brighton Sky Blue said:
I agree, but the tax rate was too low anyway
Click to expand...
If the tax rate keeps public spending up, that works anyway.
 

David O'Day

Well-Known Member
  • May 13, 2020
  • #22,843
Brighton Sky Blue said:
I agree, but the tax rate was too low anyway
Click to expand...
Yes we do seem to want Scandinavian services on us levels of tax

Sent from my SM-G975F using Tapatalk
 
Reactions: Brylowes, djr8369 and clint van damme
B

Brighton Sky Blue

Well-Known Member
  • May 13, 2020
  • #22,844
SkyBlueDom26 said:
Which is why we have to find the right balance as being locked down forever will be much worse in the months to come
Click to expand...

It is, but it has been made worse because of how badly the government has managed the outbreak. We are still failing on getting anywhere near enough tests done for a start
 
B

Brighton Sky Blue

Well-Known Member
  • May 13, 2020
  • #22,845
David O'Day said:
Yes we do seem to want Scandinavian services on us levels of tax

Sent from my SM-G975F using Tapatalk
Click to expand...

Teaching posts in the UAE and Hong Kong looking more appealing
 

SkyBlueDom26

Well-Known Member
  • May 13, 2020
  • #22,846
Brighton Sky Blue said:
It is, but it has been made worse because of how badly the government has managed the outbreak. We are still failing on getting anywhere near enough tests done for a start
Click to expand...
I think we are failing on the antibody tests, they are vitally important and are nowhere to be seen.... however it’s proving difficult for any country to get reliable ones
 
B

Brighton Sky Blue

Well-Known Member
  • May 13, 2020
  • #22,847
SkyBlueDom26 said:
I think we are failing on the antibody tests, they are vitally important and are nowhere to be seen.... however it’s proving difficult for any country to get reliable ones
Click to expand...

Would you agree we have generally done a poor job in managing the outbreak?
 
Reactions: Brylowes

David O'Day

Well-Known Member
  • May 13, 2020
  • #22,848
SkyBlueDom26 said:
I think we are failing on the antibody tests, they are vitally important and are nowhere to be seen.... however it’s proving difficult for any country to get reliable ones
Click to expand...
We're failing at testing full stop

Sent from my SM-G975F using Tapatalk
 
Reactions: Ian1779

hill83

Well-Known Member
  • May 13, 2020
  • #22,849
Brighton Sky Blue said:
Not much. But kicking the public sector for another few years after it, particularly health and education, have had to work overtime in this timeframe, would be quite unfortunate.

Millennials left school during the 2008 recession, Gen Z will do it during a Covid recession. Both will be told they are entitled for complaining about the consequences of that
Click to expand...

Not that it really matters but millennials were born between 1981 and 1996 and I left school in 2000.
 

SkyBlueDom26

Well-Known Member
  • May 13, 2020
  • #22,850
Brighton Sky Blue said:
Would you agree we have generally done a poor job in managing the outbreak?
Click to expand...
We should have shut our borders completely and should have enough PPE, there the things that definitely aren’t good enough
 
Reactions: Ian1779 and Brighton Sky Blue

hill83

Well-Known Member
  • May 13, 2020
  • #22,851
David O'Day said:
You can slowly pay it off as per the slavery reparations which we have only just paid off.
Click to expand...

Which went to slave owners no less and not the actual people affected. Some of which I paid for with my own taxes. Beautiful stuff.
 

hill83

Well-Known Member
  • May 13, 2020
  • #22,852
I was up for paying more tax if it goes to the right places before this and I will be after.
 
Reactions: Brylowes, chiefdave, Terry Gibson's perm and 4 others

David O'Day

Well-Known Member
  • May 13, 2020
  • #22,853
hill83 said:
Which went to slave owners no less and not the actual people affected. Some of which I paid for with my own taxes. Beautiful stuff.
Click to expand...
Yep morally bankrupt but the loans were only finally repaid recently

Sent from my SM-G975F using Tapatalk
 

fernandopartridge

Well-Known Member
  • May 13, 2020
  • #22,854
Brighton Sky Blue said:
Well the bill is hundreds of billions which needs to be covered somehow. The question is who do you ask to pay more towards it
Click to expand...

It really doesn't - the way the 'cost' of the JRS has been described is utterly misleading. It is spending money directly in to the economy and a lot of it will come back to the treasury in any case (people pay income tax on the 80% subject to thresholds for a start). I think it's reasonable to live with it, this is an unprecedented crisis akin to a war type impact on the economy. We need solutions similar to the postwar consensus to stimulate the economy, not the tired austerity orthodoxy of post financial crisis.

It's quantitative easing at a consumer level where it really ought to have been after the financial crisis, it's funny but I don't hear anybody crowing over the QE to banks which has so far cost £645bn to very little economic benefit to the majority (look at the stagnation of wages across the public and private sector) . The headline (misleading as described above) figures for the JRS are chicken feed in comparison.
 
Reactions: Brylowes, Sky_Blue_Dreamer, djr8369 and 3 others

hill83

Well-Known Member
  • May 13, 2020
  • #22,855
David O'Day said:
Yep morally bankrupt but the loans were only finally repaid recently

Sent from my SM-G975F using Tapatalk
Click to expand...

That's what I mean. And the government at the time released the information with a celebratory tone. Paying off the loans for the money that was handed to the people that enslaved my ancestors with my own hard earned cash. Get the party poppers out.

Anyway, probably not for this thread, there's enough going on.
 
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