altodevil
Odds winner of 'Odds or Evens 2023/2024'
- Joined
- Oct 16, 2013
- Messages
- 19,919
Ridiculous court ruling re:debates
This means I live close to you, what a horrifying reality.
As I've said a million times on here, the opinion always seems to be the current level is the highest acceptable to business. Then it gets lowered and that becomes the only acceptable level to business. So on and so forth from 28% to 18% (think that's right).
It makes it look like the Tory base don't actually have an opinion on taxation levels beyond a blind "they shouldn't increase it" mantra. If this cut had gone ahead then a return to 20% would be deemed armageddon for our country. It's always the same mantra.
That's what you get when you go all middle-class
This means I live close to you, what a horrifying reality.
Why is that, what have I ever done to you? I assure you there are infinitely worse people than me you live close to, I'm (almost) completely harmless.
tbh, some of the of things you have made up about me, lead me to believe that you aren't someone who I would want to hang around with anyway. You appear to be full of irrational prejudices which have no basis in fact, and that's not the sort person who I would want to be associated with.
This means I live close to you, what a horrifying reality.
It's not worth it John, they aren't interested and nothing will change their minds.
I had a response ready for that drivel above that literally has zilch nothing whatsoever to do with any of the Conservative voters on here, but it's pointless.
Meh there's much worse people out there than @Sassy Colin . In fact I wouldn't even put him in any "bad" category, as he seems like a nice bloke.This means I live close to you, what a horrifying reality.
That’s not the whole picture though. We have occasional staff who pick up shifts to cover staff sickness and holiday. They’re on zero hours contracts technically speaking. In our case they’re mainly students doing social work or similar courses who can’t commit to fixed hours all year. Suits everyone to pick and choose when they work. They get paid £12.50 an hour, more than the living wage round here, and get sick and holiday pay. Hardly exploitative. We’d have a big problem if we couldn’t use them.
Besides, exploitative places like Sports Direct will just switch to one or four hour contracts.
Live and let die?What are the right wing values you hold and see as virtuous and should be taught to children?
Live and let die?
What are the right wing values you hold and see as virtuous and should be taught to children?
Meh there's much worse people out there than @Sassy Colin . In fact I wouldn't even put him in any "bad" category, as he seems like a nice bloke.
I mean, he's clearly a total cnut but you could say the same for about 100% of the population except me and Emilia Clarke. And possibly @Olly Gunnar Solskjær but I think he has been killed by that ghost that was in his back garden.
Meh there's much worse people out there than @Sassy Colin . In fact I wouldn't even put him in any "bad" category, as he seems like a nice bloke.
I mean, he's clearly a total cnut but you could say the same for about 100% of the population except me and Emilia Clarke. And possibly @Olly Gunnar Solskjær but I think he has been killed by that ghost that was in his back garden.
What things have I made up about you?
In truth though it's common sense. Imagine if local authorities set their own tax rates. What do you think would happen if Birmingham set a corporation and income tax rate much lower than anywhere else in the UK? You'd see businesses and people moving out of other cities and into Birmingham. This would result in Birmingham undergoing a large boom as we've seen with Ireland, with other "progressive" cities (as the UK) trying to tread water. Businesses and people are far more fluid now so a country like Ireland with under 23% tax to GDP will attract people and business, whereas a country like France 46% tax to GDP will repel businesses and people.
I'm curious what people think would happen to Birmingham if they and they alone reduced all taxes by a third?
The Kansas experiment refers to Kansas Senate Bill Substitute HB 2117, a bill signed into law in May 2012 by Sam Brownback, Governor of the state of Kansas.[1] It was one of the largest income tax cuts in the state's history,[2] which Brownback believed would be a "shot of adrenaline into the heart of the Kansas economy",[3] and forecast the creation of an additional 23,000 jobs by 2020.[2]
When Brownback took office in January 2011, the US was still recovering from the Great Recession. In addition, there was a feeling in the state that economic growth in Kansas had been lagging behind other states in the region "for years," according to Kenneth Kriz, professor of public finance at Wichita State University.[26] Conservatives believed a large tax cut would "boost investment, raise employment, and jump-start the economy,"[20] a theory sometimes described as supply-side economics or trickle-down economics.[26]
Kansas Senate Bill Substitute HB 2117, "one of the largest income tax cuts in Kansas history,"[2] was introduced in January 2011, approved by Brownback in May 2012, and became effective on July 1st of the same year.[1]
...
By early 2017, Kansas had "nine rounds of budget cuts over four years, three credit downgrades, missed state payments", and what The Atlantic called "an ongoing atmosphere of fiscal crisis".[14] To make up the budget shortfall, lawmakers tapped into state reserves set aside for future spending, postponed construction projects and pension contributions, and cut Medicaid benefits.[17] Since approximately half of the state's budget went to school funding, education was particularly hard hit.[17]
By 2018 overall growth and job creation in Kansas had underperformed the national economy, neighboring states,[15] and "even Kansas’ own growth in previous years."[20][Note 3]...
By 2017, National Public Radio reported state lawmakers were seeking to close a $900 million budget gap,[17][Note 2] following nine previous budget cuts.[44] Earlier efforts to close budget gaps had left Kansas "well below national averages" in a wide range of public services from K-12 education to housing to police and fire protection.[15][12]
In education, school districts dealt with cuts by shutting down the school year early,[45] eliminating school programs, cutting maintenance, phasing out teaching positions,[44] enlarging class sizes, increasing fees for kindergarten, and cutting janitorial personnel and librarians.[46] School districts were consolidated and some schools were closed.[17]
...
After "years of dealing with budget" shortfalls by borrowing, "quick fixes" and consumption tax hikes on tobacco, fuel, and other consumer goods,[14] the Kansas legislature was left with "few remaining options" other than steep and broad tax hikes or more spending cuts.[14] Brownback's 2012 tax cuts were described as threatening "the viability of schools and infrastructure" in Kansas.[16] The Kansas Supreme Court had ordered the state legislature "to increase funding for public schools by US$293 million over the next two years".[15]
In 2008, when Jindal became governor at 36, he was a rising GOP star, often mentioned as a potential presidential candidate. He cultivated that image, staking his political fortunes on a platform of slashing taxes, dismantling big government and attracting business.
The next year, Jindal helped push through legislation to cut personal income taxes and worked to enhance Louisiana’s already robust corporate tax breaks.
In July of 2009, he signed bills that created or expanded nine tax credits to sectors including film, port cargo and infrastructure. The credits are typically worth 20 to 40 percent of a company’s in-state spending, or in some cases spending on payroll or research.
In all, annual corporate tax exemptions rose during Jindal’s term by about $1 billion, to $1.96 billion in 2014, according to state data.
His tax-cutting hit a wall in 2013 when he failed to convince a Republican-controlled legislature to abolish personal and business income taxes.
Many of Jindal’s political successes had consequences for Louisiana’s budget. A state-commissioned study found that film tax credits, for example, cost the state an estimated $171 million in 2014.
“The state ends up with the short end of the stick,” said Loren Scott, author of the study, which also found some economic benefits.
Among the biggest beneficiaries of Louisiana subsidies is the petrochemical industry. One massive project under construction in Southwestern Louisiana - Sempra Energy’s $6 billion liquefied natural gas processing complex and export terminal - will receive a $2.2 billion property tax break over a decade, records show.
The plant will create 130 permanent jobs with average salaries of $80,000, records show. The California-based company also got rebates on some payroll costs and a capital investment tax credit.
Louisiana’s subsidies are getting more scrutiny in the budget crisis. Democratic Governor John Bel Edwards, who took office in January, has proposed cutting incentives but faces resistance from Republican legislators and business groups.
Business groups continue to support the incentives, saying they are invaluable to the state economy.
“In terms of economic development, Jindal was an outstanding governor,” said Michael Hecht, president of Greater New Orleans Inc. “Corporations are being scapegoated.”
Having signed a pledge not to raise taxes, Jindal turned to one-time fixes, such as offering tax amnesty to delinquent taxpayers and raiding state trust funds. That included drawing down $520 million from the Medicaid Trust Fund for the Elderly and $540 million from a reserve fund for state employee healthcare, according to Republican state Treasurer John Kennedy.
Lawmakers now face tough choices. Healthcare and education budgets - particularly colleges - already have been slashed and could see more cuts. And legislators are considering raising sales taxes by up to 2 cents.
https://www.reuters.com/article/us-...ls-from-corporate-tax-giveaways-idUSKCN0WA2OG
...
Louisiana’s new leaders made headlines last month for mentioning that a budget crisis may jeopardize the elite Louisiana State University football program. But the flood of red ink that former Gov. Bobby Jindal (R) left behind is so all-consuming that Louisiana may soon cease to function as a state in far more fundamental ways.
The basic services a government provides — watchdogs to guard abused and abandoned children, emergency rooms and hospitals, scholarships and safety-net stipends to lift families out of poverty — will barely be able to keep the lights on unless politicians can find $3 billion in new revenue in the coming days.
Gov. John Bel Edwards (D) called the legislature into a special session to resolve the $940 million shortfall for the current fiscal year and projected $2 billion gap in the next. But that session is scheduled to close at 6:00 Wednesday evening.
If lawmakers can’t resolve the crisis, many Louisiana state agencies will see budget cuts of 60 percent — “Doomsday,” as the state’s head of Children and Family Services (DCFS) Marketa Garner Walters put it to the Washington Post — atop years of significant resource cuts already imposed under Jindal.
Similarly, higher education funding statewide is already down 44 percent compared to eight years ago before lawmakers move a penny in response to the present crisis. The cost burden for a post-secondary education has flipped, with students now shouldering the majority of the costs in a state that used to cover 70 percent of the price of a degree. The schools have already laid off staffers and delayed badly-needed physical repairs to cope with the near-halving of state higher ed funding.
Hospitals in the state are in line for a massive hit too. Administrators say that the best-case scenario they anticipate from the current crisis is a $64 million drop in state health care spending. Such a cut would trigger reductions in federal matching funds, leaving the state’s medical providers to make do with $169 million fewer than they were supposed to get for the fiscal year that ends in June. Some hospitals may simply close down rather than fighting to stay afloat amid such cuts, a Department of Health and Hospitals official told The Advocate.
https://thinkprogress.org/bobby-jindals-anti-tax-fervor-may-have-destroyed-louisiana-e7c9ececa2a2/
How much has been invested in hs2? The netherlands failed to invest during the crisis and now there are no homes to buy, good news for me but shit for many. The uk had the chance to devalue their pound, stupidly they didn't do it, no eurozone ncountry countries had that option. Austerity and German enforced austerity worked for noone and led to the rise of populism, are you happy with that?You need money to invest we had none.
Please tell me this is a jokePeter Oborne: "I have talked to senior BBC executives, and they tell me they personally think it’s wrong to expose lies told by a British prime minister because it undermines trust in British politics."
No, mate, it's from today's Oborne column in the Guardian.Roland said:Please tell me this is a joke
Peter Oborne: "I have talked to senior BBC executives, and they tell me they personally think it’s wrong to expose lies told by a British prime minister because it undermines trust in British politics."
I think the debate will be his May moment when people start to realise that he's full of shit.Going back to what I was saying earlier. The itv comments section that is usually 3/4s filled with anti corbyn sentiment, appears to be now 3/4s in his favour based on the letter that BOJO has just sent Jeremy and the subsequent reaction to it.
...and Peter Oborne is a Tory too. No-one prominent in the media is challenging this properly at all.No, mate, it's from today's Oborne column in the Guardian.
The problem is we're competing against countries like Ireland (let alone tax havens etc), so having much higher taxes means we're putting off investment, growing at a slower rate and therefore have less to spend. Given that we're already spending more money than we can bring in through taxes and given that most people want to spend more on public services; I'm unsure how we square this circle.
The Tories are currently engaging in a law of diminishing returns. We're increasing taxes in order to increase public spending. The problem is increasing taxes is stifling our growth, so to fill the gap caused by stifled growth we're increasing taxes, which again stifles growth. We're like a business who's losing customers but instead of cutting our prices to encourage more business, were increasing our prices to maintain turnover. The problem with that approach is increasing costs causes a loss in more custom, which with the same process eventually causes ever fewer customers; as the aren't willing to pay the ever greater costs. In my view low tax and high growth is much more effective long term compared with high tax and low growth.
The question therefore is would you prefer to be Birmingham who in my example are a fast growing, prosperous region whereby spend/tax to GDP is low but long term spend itself grows quickly with the region; or would you prefer to be the other cities that see repressed investment, repressed growth and a continual cycle of greater borrowing, greater tax burden and repression of civil liberties to fund stagnant growth; due to people choosing Birmingham's competitive environment over their uncompetitive one.
I’m going to miss it as I have a commentary to do at the same time, do you know if it will go straight on to the itv hub? I can watch it on the way home.*Wafts serviette in the waiter's face* don't bother us with your concerns, peasant
I think the debate will be his May moment when people start to realise that he's full of shit.
I hope so. I want to be able to play it on repeat for daysI’m going to miss it as I have a commentary to do at the same time, do you know if it will go straight on to the itv hub? I can watch it on the way home.
I think it will be pretty poorHow does everybody think the televised debate will go tonight?
I expect Boris sound bites and bluster being widely hailed as charming eccentricities by the media. Who will also no doubt try to claim Corbyns position on brexit is unclear. When in fact it is very clear, a confirmatory vote on remain or a Labour deal to exit.
On another note, how can the Lib Dems go from campaigning for a peoples vote to calling Labour a brexit party for wanting one!?
I think it will be pretty poor
Neither side has a manifesto yet so it won't have much substance
Mostly name calling and jibes I expect
Both sides respective supporters will probably think their side wins
Probably most neutral people will find it off putting
Gut feel Boris will waffle better and use some big words
Corbyn will deliver a few pre prepared lines well but won't come over that well in general
I suspect the do you personally support leave or remain question will be the one that hurts Corbyn and your a liar question will be the one that Johnson struggles with