No, VAT is a regressive tax. It proportionally taxes the poor more than the wealthy.
VAT to be cut by at least 2%!
- Thread starter Hen_Dawg
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No, VAT is a regressive tax. It proportionally taxes the poor more than the wealthy.
While I understand you need to do something about this mess we are in. I dont understand getting on Dolph's back for expressing some cynicism.
All this is like someone smoking 40 a day then offering a cure in the hope the lung cancer will disappear to state as if he hadnt smoked at all (a bit of a vague parallel but you get my drift). This goverment have thrown money at the public sector like no tomorrow, granted its better than it was 10 years ago, but trillions better? No. The only way of supporting this spending was by going out to tell everyone to spend and tax the hell out of everyone. This government is selling this country down the road to bankrupcy back as it was in the 70's.
The shortsightedness of supposedly highly educated people in power is mindboggling, common sense could tell anyone that by 2003 we were on the road we are now at.
Blame America my backside...
Associate
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But if you were to build an extension to your house, you will make a nice little saving. Combine that with falling labour prices in the construction industry and you could be looking at about a 15% reduction in your build cost.
Because it is akin to standing around complaining about who lit the match and how the fire got started, or complaining about the construction materials used in the house, while the house burns down, instead of putting the fire out.
The government have come up with a plan - arguably the best one - to get us out of recession, or to make this recession as soft as it can be. Yet Dolph still attacks them because it is easier to do that.
Seriously people. Everything is relative.
National debt in 2007. The forecast for 2009 is around 50%. Current level is 42.9% including northern rock's liabilities.
http://www.statistics.gov.uk/cci/nugget.asp?id=206
Who do people want to model fiscal austerity on?
National debt in 2007. The forecast for 2009 is around 50%. Current level is 42.9% including northern rock's liabilities.
http://www.statistics.gov.uk/cci/nugget.asp?id=206
Who do people want to model fiscal austerity on?
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He attacks it, as i do, because its a load of crap that wont work. Sticking plaster on a deep wound.
Explains why the pound is falling like a lead ballon?
Yep. This idea was put forward by economists quite a while ago.
You want to actually explain analytically why it won't help rather than making metaphors all the time?
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What would you do then?
What's that got to do with national debt levels? The UK government is unable to monetize debt, and so this is irrelevant. The pound is falling like a lead balloon because of plummeting interest rates, and a mechanism which corrects the current account of the balance of payments.
Caporegime
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whats the cost of implementation though i mean okay for online outlets its not bad, just a re-arrangement of formulas to work out the tax calculations but in terms of remerchandising retail outlets, in terms of time and physical deployment?!
Soldato
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Stupid stupid stupid idea. The shops won't pass on the savings, simply shore up their profits. This would be better achieved by knocking 2p off income tax as EVERYONE would have the money in their pocket.
The whole of our foolish fiscal policy needs to be revised to a point where we have a plan for a budget surplus by 2015/2016 so that next time things go pear-shaped, we can afford these measures without worrying. Brown is simply taking cash off his credit card to make sure his loan payments are met - it will go bad eventually. Massive government wastage has to be addressed first with a total revision of the welfare state and by not wasting £10bn a year on the EU.
The welfare state needs to stop dishing out cash hand over fist and needs to produce a second currency that can only be used to purchase certain things, not including beer, cigs or luxury goods. Money that cannot be used to fund sky TV or mobile phone contracts, money that cannot be used to pay for holidays and cannot be counted as income for borrowing purposes. One type of TV, one cheap PAYG mobile operated on one tariff and watch them come off the dole. I'm not advocating that for the truly disabled and those with a genuine reason why they cannot work.
Secondly, any new jobs in the public sector should be used to top up benefits. If you can work, we'll put you in a job - minimum wage to start. We'll stop paying council chief's £100k+ and get rid of the gold-plated pensions and early retirement ages so the public and private sectors match and public sector will be expected to meet their budgets.
Next, we bin the EU. this is a fairly simplistic view but it is obvious we pay more in that we get out - there is a massive bureaucracy to fund. Spend another £1bn or so a year on increasing trade links and you're on to a winner. It also means the stupid Human Rights act goes - win/win situation.
Finally, we stop being the soft touch of the world. If you want asylum, we can do that. You live where we tell you, wear a tag for 12m and get our second currency as benefit. Don't like it? Bye bye, please close the door on the way out. If you wish to join the UK, again, that'll be fine. We will help you with education in certain areas we have skills gaps. You may not get a job doing what you want straight away but that is not too much to ask when we are funding your ass.
I want to see a country where those who work hard are rewarded for their endeavor not punished by those who are not intelligent enough to know that these people are our lifeblood. I want a country where sloth is derided and not rewarded and where my tax £'s are spent in a sensible manner and not wasted on the crap of society. It's not too much to ask, surely?
The whole of our foolish fiscal policy needs to be revised to a point where we have a plan for a budget surplus by 2015/2016 so that next time things go pear-shaped, we can afford these measures without worrying. Brown is simply taking cash off his credit card to make sure his loan payments are met - it will go bad eventually. Massive government wastage has to be addressed first with a total revision of the welfare state and by not wasting £10bn a year on the EU.
The welfare state needs to stop dishing out cash hand over fist and needs to produce a second currency that can only be used to purchase certain things, not including beer, cigs or luxury goods. Money that cannot be used to fund sky TV or mobile phone contracts, money that cannot be used to pay for holidays and cannot be counted as income for borrowing purposes. One type of TV, one cheap PAYG mobile operated on one tariff and watch them come off the dole. I'm not advocating that for the truly disabled and those with a genuine reason why they cannot work.
Secondly, any new jobs in the public sector should be used to top up benefits. If you can work, we'll put you in a job - minimum wage to start. We'll stop paying council chief's £100k+ and get rid of the gold-plated pensions and early retirement ages so the public and private sectors match and public sector will be expected to meet their budgets.
Next, we bin the EU. this is a fairly simplistic view but it is obvious we pay more in that we get out - there is a massive bureaucracy to fund. Spend another £1bn or so a year on increasing trade links and you're on to a winner. It also means the stupid Human Rights act goes - win/win situation.
Finally, we stop being the soft touch of the world. If you want asylum, we can do that. You live where we tell you, wear a tag for 12m and get our second currency as benefit. Don't like it? Bye bye, please close the door on the way out. If you wish to join the UK, again, that'll be fine. We will help you with education in certain areas we have skills gaps. You may not get a job doing what you want straight away but that is not too much to ask when we are funding your ass.
I want to see a country where those who work hard are rewarded for their endeavor not punished by those who are not intelligent enough to know that these people are our lifeblood. I want a country where sloth is derided and not rewarded and where my tax £'s are spent in a sensible manner and not wasted on the crap of society. It's not too much to ask, surely?
What I would'nt do is knock 2% of VAT thinking its the fix-all solution
One solution is to stop throwing money into the bottomless welfare money pit. Go out and get a job, a radical idea.
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What I would'nt do is knock 2% of VAT thinking its the fix-all solution
And who said it was? No one on this thread has, the government haven't even announced such a cut (comes out on PBR tomorrow) so not them either.
If you want an idea which guarantees to send the UK economy into a depression, its this (reducing welfare payments). Do you think countries around the world are introducing fiscal stimulus packages for a laugh?
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Soldato
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This government has more leaks than a sieve - most of them intentional as well. THey find it harder to keep a secret than the local women's gossip group.
Yes, and where in this leak with basic information does it suggest this will fix the UK economy? Alistair Darling is the person who was openly blunt about how bleak the UK's prospects were earlier in the year.
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Bring the sales forward to get people spending, just LOL.
Soldato
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They were hardly leaking it to say "We are cutting VAT and adding a massive extra burden to National Debt just for a laugh 'cos it's gonna do bot all to fix the situation". You don't scythe taxes without expecting serious results.