The welfare cuts stinks, it's terrible.
Until then, they were doing fine. Not great, just alright - some good, some bad.
How are the Labour government performing so far do you think?
He could gainReading his case I think he would score pretty high on the ‘points’ system so shouldn’t be impacted?
The welfare cuts stinks, it's terrible.
Until then, they were doing fine. Not great, just alright - some good, some bad.
What was good?The welfare cuts stinks, it's terrible.
Until then, they were doing fine. Not great, just alright - some good, some bad.
Reform are the guys to unite the countryThey were cutting welfare from day one.
Growth targets are in tatters. Economy is flatlining.
Whwt have they done that’s improved anything?
What was good?
You left out the moon pieMinimum wage increase
Planning reform/more houses
Ended the doctors strikes
Free school breakfasts
Cancelled Rwanda
Workers rights
NHS waiting lists down
Minimum wage increase
Planning reform/more houses
Ended the doctors strikes
Free school breakfasts
Cancelled Rwanda
Workers rights
NHS waiting lists down
Profit and cash are completely different. And they can still use their mark-up to do that reinvesting. If they're good enough then they'll make enough sales or a large enough mark-up to do so. If they don't, then maybe that businesses isn't worthy of further investment. And as I said I'd had a tax free amount so small businesses would pay nothing, or next to nothing, anyway.
Considering what I've seen be allowed to be deductible against tax, there is a hell of a lot that isn't being 'reinvested in the business'.
And if anything it makes it easier to plan for the tax bill because you'll know what sales you've made and can set aside for it. Rather than having to wait until the end of the year to see what arbitrary profit figure comes out that you then need to pay a chunk of.
If pay keeping up with inflation is unsustainable then you've got a failing country. That should be the minimum expectation, not be considered an over the top demand by unions.You’re easy to please. Half of those things haven’t been implemented and the public sector unions are already grumbling for pay increases linked to inflation which isn’t sustainable.
If pay keeping up with inflation is unsustainable then you've got a failing country. That should be the minimum expectation, not be considered an over the top demand by unions.
It would effectively be making the person ‘adding the value’ responsible for the VAT. Interesting concept, if you then did away with VAT then we’d see major inflation but the difference to peoples’ incomes would cancel out a lot of that.
A thought that I’ve had today is round the idea of a wealth tax (either directly or via CGT/IHT/etc), but then offsetting it against lowering income tax. Wondering where the ‘sweet spot’ is there.
So keep inflation in check by effectively paying workers less. Which means they can't by as much stuff as before. So businesses either sell less or have to reduce prices (which admittedly would control inflation) to maintain the number of sales, both of which really hinder growth.That isn’t how the real world works. The first priority should be keeping inflation in check because that’s the biggest tax on people and businesses. Which often means controlling government spending…
Just get the Chinese or Japanese on it, who'd have thought Byng was right.Bring back the Romans.
HS2 would have trains on it by now.
Wealth taxes are not a new idea and haven’t raised the sums expected wherever they’ve been implemented.
Labour were elected in 1970s to introduce a wealth tax and backed out because it’s administratively difficult and politically poisonous. It almost definitely will not raise the oft quoted £24bn.
All it will do is force out more of our highest tax payers and considering the top 1% lays around 30% of our tax revenues… it’s not a good idea to drive these people out because the burden needs to be filled by ordinary people.
Gary Stevenson is the big champion of wealth taxes in this country and here he is in action in debate:
Jobs available for Lee provided by the Labour governmentLee you don’t understand. This government respects your desire to work and become self sufficient. Be grateful and welcome to a world of opportunity.
‘I could end up homeless’: weighing the damage after Rachel Reeves’s welfare cuts
A disabled man considers the potential impact that losing disability benefits could have on his lifewww.theguardian.com
Kind of feels like you've just woken up from a 15 year coma and think you've come up with a plan that hasn't just been implemented for decades and gutted public services and caused a considerable drop in the standard of living for the majority.The first priority should be keeping inflation in check because that’s the biggest tax on people and businesses. Which often means controlling government spending…
Inflation isn't a tax, is it?That isn’t how the real world works. The first priority should be keeping inflation in check because that’s the biggest tax on people and businesses. Which often means controlling government spending…
The fact that this is the case shows exactly where the problem is. There is far too much inequality and the government (and increasingly voluntary organisations) have to try in vain to sort out the mess this inevitably leads behind for the vast majority of society.The ‘top 1% pays 30%’ reference is to do with income tax, hence why I posed whether that could be reduced if we increased other areas of taxation.
Bollocks, they'd take some pleasure away from me enjoying my Foie Gras, Caviar and bottles of Crystal. Peasants.The fact that this is the case shows exactly where the problem is. There is far too much inequality and the government (and increasingly voluntary organisations) have to try in vain to sort out the mess this inevitably leads behind for the vast majority of society.
If I have a massive banquet for myself and a tiny number of select friends yet there are thousands outside who are starving, the starving people aren't the ones causing the problem.
Bollocks, they'd take some pleasure away from me enjoying my Foie Gras, Caviar and bottles of Crystal. Peasants.
I think it is unfortunately.Inflation isn't a tax, is it?
The ‘top 1% pays 30%’ reference is to do with income tax, hence why I posed whether that could be reduced if we increased other areas of taxation.
Inflation isn't a tax, is it?
In the context of government finances, I would take a tax to be this definition (Oxford Languages)I think it is unfortunately.
A filter then, simplistic possibly but a method that propels wealth to the top of the pile which is then used by those at the top to purchase more assets?In the context of government finances, I would take a tax to be this definition (Oxford Languages)
1) a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
"higher taxes will dampen consumer spending"
Similar:
levy tariff duty toll excise impost contribution
There is an alternative definition which is not so related to government taking money of citizens to fund state functions
2) a strain or heavy demand.
"a heavy tax on the reader's attention"
Arguably homeowners are taxed on their property - council tax. Plus Stamp Duty when buying a new property as well as VAT on estate agents, solicitors and surveyors fees.Then just increase income tax/capital gains, which imo is also a bad idea.
With wealth taxes, you’re taxing something intangible because ‘wealth’ is unrealised. For example, how would homeowners cope if they were taxed on their property ?
It also does not consider things like stocks and shares (the is including in the £24bn figure) which go up and down so how can you tax it? In my own portfolio, the value of my US stocks (S&P 500) went down around 15-20% from late Feb to mid-March. Logistically, how would you even tax that?
Not literally a tax.
In effect it is. Inflation benefits those owning physical assets. Keeps the hoi poloi in their place.Inflation isn't a tax, is it?
How does a tin of baked beans costing £1.40 benefit someone with physical assets?In effect it is. Inflation benefits those owning physical assets. Keeps the hoi poloi in their place.
They don't buy that rubbish, that's fodder for the hoi poloi.🫣How does a tin of baked beans costing £1.40 benefit someone with physical assets?
Lidl baked beans are ok and a lot cheaper than Heinz.They don't buy that rubbish, that's fodder for the hoi poloi.🫣
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