The labour Leader thread...

[Stretch]

I actually hope Corbyn does win. Labour doesn't stand a hope in hell of winning in 2020 with any of the candidates. At least Corbyn lets them get the Left-wing experiment out of their system. Without Corbyn suffering a crushing defeat in 2020 there will be a strong element in the party constantly wondering 'what if?'.

Time to get it over with. Let the Left have its shot, and when the dust settles the Labour party will either be ready to contend in 2025, or it will be irrelevant, replaced by something new.

This is exactly my view. People keep dismissing JC out of hand, "it can't work, it will be a disaster". But none of these people really have a alternative plan of their own on how to take the Labour Party forward. All they are offering is more of the same with bells on.

It may well fail, but so did Ed and Brown. The left have the right to put thier way to the test.

 

[Danthus]

How will Corbyn fund everything?

 

[Stolly]

How will Corbyn fund everything?

By increasing the size of the public sector workforce, thus reducing unemployment and increasing the tax base.

 

[Terminal_Boy]

By increasing the size of the public sector workforce, thus reducing unemployment and increasing the tax base.

Worked a treat for the Greeks.

 

[GAC]

MPs were voted in by their constituents and are surely acting on their behalf or they will be alienating their own electorate. Doesn't the democracy lie there?

the thing is this isnt a constituents vote its the labour party members vote, constituents have their chance to vote at the next general election.

shows how screwed up labour is internally though, if corbyn wins and has over 50% of labour party members votes why cant their mp's accept thats what thier members want. but again this is the same party that wont let people have a say on the eu one way or another so i guess its to be expected.

 

[PermaBanned]

How will Corbyn fund everything?

Lol at "everything". The same way any other party manifesto would be costed i assume?

I hate this assumption that's crept in recently that each of your policies has to be paid for specifically by some cost saving measure somewhere else. It's ridiculous. Good, balanced manifestos are not made in pairs.

 

[Basher]

Lol at "everything". The same way any other party manifesto would be costed i assume?

I hate this assumption that's crept in recently that each of your policies has to be paid for specifically by some cost saving measure somewhere else. It's ridiculous. Good, balanced manifestos are not made in pairs.

I think the point is that policies should be funded by savings or increased taxation, not printing more money.

 

[aardvark]

By increasing the size of the public sector workforce, thus reducing unemployment and increasing the tax base.

yeah, cos that works, lol.

 

[elmarko]

I'm curious as to why the people asking for the economic verification were noticeably absent when our chancellor often pledged unverified spending, savings & budget deficit reductions (all of which he's missed).

 

[PermaBanned]

I think the point is that policies should be funded by savings or increased taxation, not printing more money.

Quantitative easing is a complicated economic device that can sometimes be the correct course of action. The coalition government used it a lot, although there is some mystery as to where most of that money actually went. Still, i haven't seen anything to suggest that all of Corbyn's policies would be funded by QE (i mean, the whole idea that you can "fund" something with it is debatable). Most of them would appear to be cost saving in the long run anyway as they promote employment, participation in the economy and aim to stop subsidising private industries run inefficiently contrary to what's best for the public.

 

[Danthus]

Lol at "everything". The same way any other party manifesto would be costed i assume?

I hate this assumption that's crept in recently that each of your policies has to be paid for specifically by some cost saving measure somewhere else. It's ridiculous. Good, balanced manifestos are not made in pairs.

He wants to renationalise the railways and energy companies.

He can do that by either buying them or legislating so have can just take them over, the later is a non starters.

The market capitalisation of the Big Six energy companies alone is close to £100 billion, so I ask again, where is that money coming from?

 

[PermaBanned]

He wants to renationalise the railways and energy companies.

He can do that by either buying them or legislating so have can just take them over, the later is a non starters.

The market capitalisation of the Big Six energy companies alone is close to £100 billion, so I ask again, where is that money coming from?

No, he can do that by simply not extending the contracts private companies have to run public services when they're up for renewal.

 

[Blackjack Davy]

By increasing the size of the public sector workforce, thus reducing unemployment and increasing the tax base.

So the public sector wages come out of the publc purse, which go back into the public purse to pay it out again, like some kind of perpetual motion machine

minus the friction co-efficient of them actually spending some of their wages on something other than tax i.e food, luxuries.

Got to love leftie economics. Money conjured somehow out of thin air. Must be wonderful to have such faith in the state, like some kind of warm comfort blanket.

 

[Deleted member 66701]

I think the point is that policies should be funded by savings or increased taxation, not printing more money.

How about collecting tax that's owed but not paid?

Is that an increase in taxation in your eyes?

 

[Mr Jack]

How will Corbyn fund everything?

Through increased taxation levels and increases in the tax base resulting from economic growth.

 

[Danthus]

No, he can do that by simply not extending the contracts private companies have to run public services when they're up for renewal.

You completely ignored the issue of renationalising the energy sector there I see.

 

[Danthus]

Through increased taxation levels and increases in the tax base resulting from economic growth.

Can the economy grow if you increase taxes?

 

[Deleted member 66701]

He wants to renationalise the railways and energy companies.

Yup

He can do that by either buying them or legislating so have can just take them over, the later is a non starters.

Why is the latter a non-starter? You just don't renew the ToC contracts.

The market capitalisation of the Big Six energy companies alone is close to £100 billion, so I ask again, where is that money coming from?

£100bn market capitilisation doesn't mean the owners/shareholders have to be compensated to the tune of £100bn - compensation requirements are set out in UN resolution 1803. Valuation can vary wildly (see Royal Mail as an example).

 

[PermaBanned]

So the public sector wages come out of the publc purse, which go back into the public purse to pay it out again, like some kind of perpetual motion machine.

So clearly the better option is to have private sector wages come out of a private sector purse which go back into the private sector purse to pay it out again?

It's all a joke, but it seems to work for some reason and public no less than private.

 

[McPhee]

This is exactly my view. People keep dismissing JC out of hand, "it can't work, it will be a disaster". But none of these people really have a alternative plan of their own on how to take the Labour Party forward. All they are offering is more of the same with bells on.

It may well fail, but so did Ed and Brown. The left have the right to put thier way to the test.

It probably won't work. It probably will be a disaster

Such is the way of politics now. You can't stand for anything and have a successful political career.

TBH the prospect of May vs Corbyn vs Farron in 2020 is something I find exciting. I dislike May, but with those three in charge of their respective parties... fireworks! Cameron vs Miliband vs Clegg was dull - all three were polite to a fault.