Bruntonpasty wrote:
cufcmike wrote:
Bruntonpasty wrote:
langwathbybridge wrote:
Long may you overconfident tories continue to think the labour party is dead, Corbyn is taking the labour party in the direction it should never have left, a party that cares about the people of this country and not just the wealthy. It may take some time, but turn it he will
I'll not argue with you that he might turn it, but who will pay? where will the money come from? and ultimately and how will they fund it?
People always ask this, but don't ask where the money comes from for quantative easing, or for dropping bombs on Syrians that cost over £200k a pop.
He has already said he'd clamp down on tax avoidance and raise the amount the richest pay. Then ultimately, with more people in work and paying tax when he gets some of his projects are in place, the economy, and and government spends will be able to rise on a self sufficient basis. Also, if he goes through with renationalising the railways and other public services, they'll be able to add extra money into the kitty too, but may cost a little bit initially.
I can understand the avoidance bit but you can only tax the richest so far. Usually the rich people are big employers and will cut their cloth accordingly! This is why they are rich, they understand business and how to make money, if you over tax them, they decide to make slightly less and therefore pay less tax, they may do this by slimming their businesses and shedding jobs. We should be encouraging people to make money, not making them frightened to make money. If taxation levels are sensible those who make money will, in general, pay their tax. You say more people in work?but successive govts have raised the tax free threshold to take lower paid workers out of paying tax? Lower paid workers have for a number of years now been getting tax credits, another contentious issue but also one that has allowed people to actually avoid full time work ( I know someone who did this and is openly proud of the fact) and was at it's inception, I can say as a recipient, over generous and fatally flawed. Bombs on Syria? fair point. Renationalising anything will cost the public purse an absolute fortune, the deficit is already out of control despite georges efforts and protestations, this would add to it massively, are you happy that a govt led by JC could deal with this? I'm not! I don't think it's wrong to ask "how will it be paid for". In your household mike, if you want a new car or to extend your house and this requires finance, you sit down and do the maths, you see if your personal circumstances will allow this new expenditure, don't you? Some things are not reversible, or at least not without massive cost somewhere or to someone.
I agree completely its a fair question. And what you were saying about taxing the rich is true, but there are so many loopholes it is ridiculous. Same with the likes of Vodafone, Amazon, Facebook etc not paying a penny in corporation tax. Its hardly fair, when I have paid more into the system than they have combined!
While not a capitalist at all, I can completely understand the concept of it. Look after the rich businessmen, they'll get loads of money and use it to expand their business and create more jobs and all that. But this just doesn't seem to be the case. They seem to just get more and more money and keep the lot, while putting the bare minimum back into their business, IE, Mike Ashley.
I said on another thread, Osbourne said in 2010 that the defecit would be cleared by now, it isn't. Who'd have thought that cuts resulting in people losing their jobs wouldn't result in a booming economy?
Too bad the "Labour left us in this mess" myth is starting to wear thin, I never believed it in the first place, the tories, largely bankrolled by bankers, were never going to regulate the banks if they were in power, but the tories have had plenty of time to sort this mess out now, and they just haven't. Hopefully the people will finally wake up to the fact that their "Long term economic plan" is more of a "long term economic scam."