Britain now officially in double-dip recession

[Muffin`]

Hatter. We'll take their money before they go.

Right on, comrade.

 

[MrMoonX]

This is true, we never had a recession when Labour were in charge and VAT was 17.5%.

LOL cos labour aren't a bunch of rich morons from oxbridge either

labour aren't the left, they are a little bit more left than the tories, all 3 = the same, time for a proper political revolution to re-adjust the balance

 

[robgmun]

LOL cos labour aren't a bunch of rich morons from oxbridge either

labour aren't the left, they are a little bit more left than the tories, all 3 = the same, time for a proper political revolution to re-adjust the balance

Not going to happen mate, you're better of going to china or cuba if you want to be ruled by the government you want.

Also, if there's any change at all then it'll be even further right then you want, don't be suprised if UKIP become the 3rd major party after the next election, because Lib-dems are dead and finished in 2015

 

[Tefal]

Hatter. We'll take their money before they go.

Then you'd be ****ed as no one would trade or do business with you, and as we can't grown enough food for ourselves that wouldn't end well.

 

[Floogie]

Not going to happen mate, you're better of going to china or cuba if you want to be ruled by the government you want.

Well which one does MrMoonX want? As you've mixed up two significantly different governments right there.

Just remember, just because it says 'Communist' on the tin, doesn't mean its 'Communist' in the tin...

 

[Vespasian777]

Income inequality is such a loose term, what would you have instead, a cap? Or a higher minimum? Do you think either or both would allow our economy to prosper?

Yes, the economy could still prosper. It's the old Thatcher myth about how everyone will stop trying if things are balanced up a bit and it's ******. 90% of the wealth is held by 10% of the people. If you're all right jack, then that's fine and dandy. If you're not all right jack it isn't. If you are elected to lead the country it certainly shouldn't be. Cameron wouldn't know hardship if it got up and gave him a haircut. He's just given the richest people in our society a 10% tax cut. Absolutely clueless.

 

[Tefal]

so what should be the gap?

What should be the salary of a tesco shelf stacker and what should be the salary of the tesco CEO?

 

[RDM]

He's just given the richest people in our society a 10% tax cut. Absolutely clueless.

You're not exactly clued up yourself are you?

 

[V4NT0M]

Means nothing to me.

 

[Vespasian777]

Then you'd be ****ed as no one would trade or do business with you, and as we can't grown enough food for ourselves that wouldn't end well.

?

 

[Irish_Tom]

You're not exactly clued up yourself are you?

No he's right — it's a 10% decrease (as in, 5p is 10% of 50p) it was a 5% percentage point decrease (as in, 50% down to 45%).

 

[[TW]Fox]

90% of the wealth is held by 10% of the people.

Should everyone have equal wealth then?

 

[robgmun]

Well which one does MrMoonX want? As you've mixed up two significantly different governments right there.

Just remember, just because it says 'Communist' on the tin, doesn't mean its 'Communist' in the tin...

Very good point. I suppose Cuba or China 20 years ago.

 

[Tefal]

?

what business would ever operate in a country that did that to their CEOs and shareholders?

 

[[TW]Fox]

No he's right — it's a 10% decrease (as in, 5p is 10% of 50p) it was a 5% percentage point decrease (as in, 50% down to 45%).

No, he's wrong, because that isn't a 10% tax cut. It's a 10% cut in the amount of tax paid on earnings over 150k.

 

[Tefal]

No he's right — it's a 10% decrease (as in, 5p is 10% of 50p) it was a 5% percentage point decrease (as in, 50% down to 45%).

except they're not paying 50p on every £1 so it's not even close to a 10% cut.

 

[Irish_Tom]

No, he's wrong, because that isn't a 10% tax cut. It's a 10% cut in the amount of tax paid on earnings over 150k.

except they're not paying 50p on every £1 so it's not even close to a 10% cut.

Gotcha.

 

[mikeh501]

And that 50% ridiculous tax rate starts to take effect at 100k because your personal allowance reduces to 0 at around 114k which means you either need to earn under 100k or well over otherwise it's very penal.

If the government perhaps spent a bit less then maybe we could all enjoy lower taxes and the country would enjoy more growth and tax take. Or is that too simplistic. I don't think either labour or conservatives get it right, but I prefer the mindset or conservatives around the principle of smaller government.

 

[PermaBanned]

And that 50% ridiculous tax rate starts to take effect at 100k because your personal allowance reduces to 0 at around 114k which means you either need to earn under 100k or well over otherwise it's very penal.

If the government perhaps spent a bit less then maybe we could all enjoy lower taxes and the country would enjoy more growth and tax take. Or is that too simplistic. I don't think either labour or conservatives get it right, but I prefer the mindset or conservatives around the principle of smaller government.

I think it is too simplistic because often countries with higher tax rates enjoy higher standards of living.

 

[[TW]Fox]

I think it is too simplistic because often countries with higher tax rates enjoy higher standards of living.

Is that because they have higher tax rates, or are the population more tolerant of higher tax rates because they enjoy a higher standard of living?

For example if Wales introduced a much higher rate of tax, presumably most people would just leave. Whereas if Norway increased taxes many people would stay as, well, life is good in Norway so I guess we could put up with a bit more tax..