Not Papa Noel

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Not Papa Noel
Topic Started: Dec 1 2014, 07:37 AM (1,091 Views)
RJD	Dec 1 2014, 07:37 AM Post #1
Prudence and Thrift Posts: 12,499 Group: Members Member #9 Joined: Jun 27, 2014	With the richest 10% paying 59% of all income taxes how are we seriously going to increase revenues without broadening the tax base? The UK is still one the highest taxed countries in the EU and needs to reduce not spend more, Osborne needs to be a Scrooge not a Papa Noel, he needs to show he is at heart one of those tough Tories the left love to label as nasty. Public Spending since the last GE has hardly been reduced. According to the IFS instead of being nasty this Gov. has improved the lot of Pensioners and as we have seen adjustments in benefits have been extremely modest with those, quiet rightly, that are disabled obtaining improvements. Welfare, OAP and Debt Interest are now along with that black hole, the NHS, three top ticket items. Demography means that the OAP budget will need to rise by ~£13b PA by 2020. Where is the additional money going to come from. Productivity is in decline and as we have prioritised current consumption over investment in infrastructure there is no sign this is likely to reverse. Our level of productivity relative to Germany is 31% lower. We need to cut payroll taxes in order to boost wages, but how? We need to borrow less, but how? Those that think that additional revenues of sufficient magnitude can be had by; the Mansion Tax, increasing the top income tax threshold to 50P or more and chasing international criminals that defraud the HMRC are delusional, it is chicken feed. Those that thought that GDP growth would be the solution have found that this now comes without any increases in tax revenues, because at the same time the tax base was narrowed. There is no other way, Osborne needs to get on with cutting the Public Sector spend asap and this £2b for the NHS should not be without strings, productivity gains have to match. Osborne needs to become a young Ebenezer again, now, next week and promise more swinging Public Sector cuts in the Tory Manifesto as we cannot expect Labour to concern itself on matters that relate to rebalancing the economy, creating real jobs or cutting the burden we bequeath our children as such is for serious Gov. for nasty Politicians. Please Mr Osborne stop using Gordon Brown as a role model.

Replies:
RJD	Dec 11 2014, 09:11 AM Post #81
Prudence and Thrift Posts: 12,499 Group: Members Member #9 Joined: Jun 27, 2014	There will be no answer to my question from the Usuals. Asked the same question around a dozen times in the last two years and they come up with zilch, as a consequence I assume their anger is based on envy and spite. For goodness sake the big strategy is to impose a Mansion Tax that will net £1b at best and give this to the NHS which has a budget of £120b to save it. I think they call this taking the Michael. Firstly £1b is within the measurement accuracy of the NHS actual spend and they could save a lot more than this through productivity gains and secondly this will not improve anyone's wages anywhere. Labour are taking the p155. Clearly you cannot offer a derisory £1b as the solution for the NHS which they claim has manifestly failed.



Tigger	Dec 11 2014, 06:47 PM Post #82
Senior Member Posts: 20,106 Group: Members Member #18 Joined: Jun 27, 2014	ACH1967 Dec 11 2014, 09:01 AM Tigger Dec 10 2014, 07:05 PM RJD Dec 10 2014, 05:23 PM C-too Dec 9 2014, 07:26 PM Quoting limited to 4 levels deepThings that do make a difference! bias Rubbish I have not defended wealth per se, I have, however, attacked spite and envy which I find corrosive to sensible political solutions. I note that whilst you are big on the anger, claim to being top of the moral heap, fair, centre of the road and all that tosh, but we see no solutions to the World wide problem from you or the left in general. Just a constant whine. I have posed the question more than a dozen times, but the Usuals still have not bothered themselves to come up with sensible proposals of how to shift ~£20b PA from top to bottom in a sustainable manner and to the benefit of the wider economy. Where are these solutions from the left? We know what the right believes and that is a smaller State, lower taxes, definitely no taxes on jobs and via such an encouragement for Investors to invest in the UK to create real jobs. The left appears to want to pull in the opposite direction. Is Labour just for whiners or do they have economic strategies? I see none. Did you see the latest report from the OECD? Ignore this now because you are not going to like it. Others who are still here can check this out for themselves it's all over the internet thingy, the report concludes that growing wealth inequality is actually bad for the overall economy and is in the longer term even self defeating for those at or near the top, not only this it also claims the results are now measurable, and sit down for this last bit, the act of transferring money and opportunities to those further down the scale through government intervention does little harm to wealth creators but boosts the economic prospects for just about everyone, Norway, Holland and Denmark are mentioned. File under oh shit! Did this report have any suggestions on how to tanfer 20bn from the top to the bottom. If so the lefties could read it and answer RJD. No idea as I have not read the report in it's entirety, however it lists counties like Norway, Holland and Denmark that have far lower levels of wealth inequality than Britain and spend considerably more per head on social projects, and crucially impose more tax on the better off and yet at the same time are far more productive than us and have far better economic prospects! We must be doing something wrong that much seems certain. Perhaps we are just incompetent and care more about our own selfish needs than that of the country or society? Having some experience of two of those nations that would be my best guess. Edited by Tigger, Dec 11 2014, 06:49 PM.



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