Paul the Wolf
Former Score Predictions Comp Organiser (now out)
This is far from true when you factor in how many people will be affected by Labours plans for IHT.
Quite.
This is far from true when you factor in how many people will be affected by Labours plans for IHT.
Text book Stalinism from Corbyn.
Text book Stalinism from Corbyn.
Agreed.
It's the second time in less than a week the Lib Dems have done this now.
And you are basing your theory on a small group of people who have already left and are therefore irrelevant. When the top 5% includes people like me who are on the cusp and happy to pay more. And people like my sibling who earns 10x what I earn and a) is happy to pay more, b) thinks they should pay more and c) isn't leaving the UK any time soon even if taxes go up.
Worry about what, the Uk won't be getting their tax then will they.
So basically we should cripple our public services to bring back billionaires who've already left? I'm not understanding this logic.
An argument could be made that a 9m windfall is still extremely high for someone that's possibly had zero contribution to generating that wealth.Most people are happy to pay more, but how much is more?
Being in the top 5% means you should have a net wealth of ~1.7m, and your sibling 17m. Assuming that is correct, under Labour's ideas you/your children will be left with an 800k bill. Your sibling will pay 8 million. This is all from money you have already been taxed on, remember. You have 6 months to sell the assets to pay for it, or they will take them from you and sell them for whatever they can get.
Be careful what you wish for.
If they were concerned with maximising their wealth above all else, they'd ALL be living in Monaco or somewhere else where you don't have to pay tax. They aren't, so you are wrong. Soz.
Who said about crippling public services or bringing back billionaires who've left. Corbyn today talked about billionaires, which billionaires, the ones who have already left or the ones that will leave or have their assets in another country. It's more fantasy.
If Corbyn is banking on billionaires or tax dodgers to pay more to finance better public services he is even more stupid than I thought.
I have a feeling that the manifesto is going to get massacred when his Brexit stance is in black and white.
Who said about crippling public services or bringing back billionaires who've left. Corbyn today talked about billionaires, which billionaires, the ones who have already left or the ones that will leave or have their assets in another country. It's more fantasy.
If Corbyn is banking on billionaires or tax dodgers to pay more to finance better public services he is even more stupid than I thought.
I have a feeling that the manifesto is going to get massacred when his Brexit stance is in black and white.
Text book Stalinism from Corbyn.
You don't even live in this country. Its quite clear because you keep banging on about Brexit as if that's the problem people are faced with every day.
Brexit will be a footnote in the Labour manifesto because there are more pressing quite literal life and death issues that take precedent. They'll do well to just brush it aside and push forward what people really need.
I will in fact stick my neck out and say that this won't be the Brexit election everyone keeps thinking it must be. I expect nothing significant for TBP or Lib Dems in this election. And you can quote me on it when the exit poll comes out on election night!
But if billionaires were willing to keep their assets out of the country while we were being ruled by a pro-austerity Tory party intent on shrinking the state and helping the rich then there's not much that can be done to stop them leaving other than a race to the bottom: there's always going to be another tax haven they can try to move their wealth instead. This shouldn't stop us from rightfully demanding that they pay their fair share if they're here and aiming to reduce inequality to help poorer people instead of letting it widen.
I honestly don’t know who to vote for.
Alright, Mao and Stalin were (I think).
This is quite a confusing line of thinking to follow, I'll try to set out my thinking below:
1. A lot of people who become wealthy care about accumulating significant amounts of money. The process becoming wealthy often involves sacrifice of one kind or another.
2. I believe that for people who are minded this way, they very rarely have a change of heart and think "I've made enough money now". The pursuit of more wealth drives them until they die.
3. Therefore if taxes rise for people who are minded this way, they are capable of making the sacrifice of leaving the country. Some of these people care about the accumulation of wealth above all else.
I'm not saying that everyone who is wealthy was motivated purely by wealth. Sportspeople, actors, some entrepreneurs etc. may have been lucky in accumulating wealth doing something they love. However for those who have become wealthy by aiming at it, which I expect to be quite a significant number of the wealthy, would be happy to move should the tax environment become detrimental to that accumulation.
I honestly don’t know who to vote for.
You don't even live in this country. Its quite clear because you keep banging on about Brexit as if that's the problem people are faced with every day.
Brexit will be a footnote in the Labour manifesto because there are more pressing quite literal life and death issues that take precedent. They'll do well to just brush it aside and push forward what people really need.
I will in fact stick my neck out and say that this won't be the Brexit election everyone keeps thinking it must be. I expect nothing significant for TBP or Lib Dems in this election. And you can quote me on it when the exit poll comes out on election night!
I guess, if we accept your caricature of wealthy people (which I'm highly dubious of), the question is where the line is that enough people would leave that we're no longer increasing the tax income for the government.
I honestly don’t know who to vote for.
Me neither
I usually plump for the least bad option, but I don't see any options which aren't really, really bad.
Manys the election when I have thought, feck it, they're all a bunch of cnuts, I'm going for Monster Raving Loony this time. This time, everyone is a monster raving loony.
The only thing that high taxes does is lessen revenue and make accountants richer.
Didn't the US have very high tax rates in the 1950s...their most prosperous period?
Again, you're simply being dishonest.
You cannot measure only the NHS spend without taking into the social care spend which has been reduced by at least £7.7Bn since 2010. Not taking that cut into account while claiming record ever NHS spend is just fudging the numbers.
Corporation tax is lower than it has been for nearly 10 years and is set to be reduced further. Surely taking into account the ageing population and lack of spend on social care it is not prudent to make these large reductions in corporation tax?
Most don't mind paying more.
I realise that if you are a voter struggling to put food on the table you won’t care about the seemingly abstract problems of Brexit. But from a Labour leadership point of view, I don’t know how you can implement transformative policies while the economy is shrinking due to a break with our biggest market and the civil service (and ministers) are spending a huge amount of time trying to put in place alternative arrangements. To me it’s an either/or situation - a meaningful Brexit (not some pointless Norway model which just removes our vote) or the ability to increase public spending and reverse some of the post-1979 settlement.
Yet we are still behind the OECD average. We also disproportionaly tax more personal income than corporate income versus the OECD average.I'm only interested in tax take, rather than irrelevant percentages. Corporation tax reductions haven't decreased UK tax to GDP, which is at a record level. If doubling insurance tax is a better means of taxing companies than corporation tax then surely that's preferable to socialists? Likewise if we adopted Ireland's corporation tax and it allowed our exonomy to grow at their speed (6-9% per annum) then it's a no brainer.
That's the problem though. McDonell inferred it during his LBC interview yesterday. It isn't about tax receipts, it's about ideology. The current Labour party would prefer £700b tax receipts with a large increase in all taxes, rather than £800b with tax reductions propelling growth. It's the same with the NHS... If a private company are efficient to such an extent of being able to provide a better service than the public sector and make a profit on top, that's irrelevant. It should be brought into the public sector simply because a bad service with no private profit is better than a good service with private profit. He intimated pharmacies would be privatised... Absolute lunacy.
It’s not just the 4.5 million using foodbanks. Its the teachers and parents that are asked for donations to fund basic school supplies. It’s the nurses and doctors that are leaving the NHS in droves because they cannot do their job and the patients suffering as a result. It’s the working families struggling to find the time to take care of their elderly or disabled relatives because of decimated social care. It’s the parents losing their children to crime and violence because of the closure of virtually all youth services nationwide. It’s quite literally all of us, but will someone fecking think of the billionaires. Oh and Brexit!
I didn’t mention billionaires so let’s drop the strawmen. As for Brexit, surely you can help those people better through progressive taxation when the economy is going well? The concept of planning to be the most left-wing government since the 70s while implementing (or at least seeming agnostic to) a project which is Thatcher on steroids seems confused.
They have completely lost it.
edit - never mind