fernandopartridge
Well-Known Member
Raising taxes can have a negative effect on the actual revenue to treasury.
I’ll give a couple of examples:
The reason some corporates (Google Amazon EBay) etc. “flag out” in Eire / Lichtenstein / wherever is that they can supply into a market (the EU or UK) and pay 10% or whatever rather than the country of trade and their tax rate. If Eire were to increase their corp tax rate too much then many tech companies would up sticks and they’d get, say, 20% of much less declared tax.
About 20 years ago many haulage firms used EU rules to “flag out” in Holland and legally get around the then extraordinarily high uk road taxes. Result: UK treasury vastly reduced HGV road tax.
Now, taxing UK non-doms and millionaires has resulted in many leaving the country as a tax base and choosing to pay tax elsewhere.
Reducing the amount of disposable income of individuals by higher taxes often means less consumer spending, particularly in hospitality and big ticket items (cars eg) and actively restricts spending and “churn derived” tax income.
So, I see how easy it is to say “tax the rich / corporations / individuals more” as a solution, but the reality is that it doesn’t work that way.
Quantitative easing (printing more money) creates inflation which is another problem.
Our national debt is huge and the interest we pay on the debt is crippling.
So borrowing to make lives a bit easier is a foolish game unless you want to defaukt the debt-holders at some point. It’s incredible how much debt is owed to Rothschild institutions. Don’t look this up, you’ll go down a rabbit hole.
The most logical solution is to cut government spending.
Reduce the size of government.
Be brave enough to say:
“The sacred NHS is a money pit. Big pharmaceutical corporations are taking the biscuit and decision makers in the NHS are to be looked at. A different style of health service is required. ONE THAT IS FREE AT THE POINT OF DELIVERY TO ALL INCLUDING ILLEGAL MIGRANTS*, but can be measured and streamlined with a degree of competition.”
Now, any dribblers who will come out with “you want to privatise the sacred NHS like your mate Nigel”, just get a grip. Look at the French model and educate yourself.
It’s not just the NHS, the Highways Agency is a joke too. Many others.
*(we have to be able to treat anyone who present themselves to NHS facilities. We can’t have people dying on the floors of AandE because they’ve not got health cover. Just bill them or their country or port of origin afterwards. Dinghy migrants with no passport: bill France and also bill France for their hotels. It’d take some B***s to make it fly - so no chance with Starmer. PS, your UK Global Health Insurance card means foreign nations bill us if we are treated abroad. See how it works?)
In the meantime, Starmer and the economic genius that is Reeve are negotiating idiotic strategies with the EU. We might get through passport control 5 mins quicker and join Erasmus (remember the idiots who thought we had to be EU members to sign up to the program? I remember quizzing Clegg in front of a Uni audience: “how many EU nations? (27) How many countries take part in Erasmus? (34) including non-EU Iceland etc. Right…..
So, raising taxes is a no. They’ve gone after farmers and businesses to the extent of crippling.
You may not agree. Don’t care.
UHCW spent £975m running the Trust in its last published annual report, £82m of that on drugs. Big pharma might have questions to answer but they are not really that much to do with why the NHS needs more money. The costs of drugs in theory represents a saving on future healthcare needs anyway?
As for the 'degree of competition' - healthcare services were made subject to compulsory competitive procurement (i.e. needing to advertise formally in OJEU as it was then) on 18 May 2016 and still are today under certain circumstances. This has led to no improvement in the quality and value of services and in many cases just extra expenditure on administration in order not to end up in court.
There is no realistic competition for the part of the NHS that people have the worst experiences with (A&E). What we have instead is competition for easy elective procedures where the NHS competes for the clinical resource with the private sector.