This page is no longer updated, and is the old forum. For new topics visit the New HOL forum.
Visit the current forum | Forum Rules
| Deleted11 07 Nov 19 5.27pm | |
|---|---|
|
Originally posted by W12
The banks should never have been (and should never be) bailed out for sure. The removal of the gold standard and the rise of centralized banking were all huge mistakes. As far as I am aware this simply happened out of greed. Austerity is basically how the Gold standard works. The Gold standard has been and it won't come back, imo. It's a bit of a nonsense. Store of value?, yes. Anti-inflationary, yes, but not really fit for purpose. This is capitalism's dirty little secret. In order to grow and create the millionaires you need to expand and how can you do that if you've basically done it to death in your country? Imperialism. Partly by war and partly by getting everyone to use your currency for transactions ($)
|
|
|
Originally posted by Jway89
Austerity is basically how the Gold standard works. The Gold standard has been and it won't come back, imo. It's a bit of a nonsense. Store of value?, yes. Anti-inflationary, yes, but not really fit for purpose. This is capitalism's dirty little secret. In order to grow and create the millionaires you need to expand and how can you do that if you've basically done it to death in your country? Imperialism. Partly by war and partly by getting everyone to use your currency for transactions ($) Millionaires and the top 1% earners actually pay 25% of the tax take.
|
|
| Deleted11 07 Nov 19 7.39pm | |
|---|---|
|
Originally posted by cryrst
Millionaires and the top 1% earners actually pay 25% of the tax take. Originally posted by cryrst
Millionaires and the top 1% earners actually pay 25% of the tax take. They should be footing a higher %, based on how much that group is worth. This is what happens here too. I separate corporation tax from personal tax. I would like to see corporation tax lower, but, if I earn £30k and pay 20%, so left with £24kish, how is it a good idea to allow someone to pay 10% on £5m? If the total amount the top 1% pay is 25% of the tax pot, it's because they have all the money. Who would I get to fill in the gap? Create new entrepreneurs, through tax incentives or funding incentives towards an agreed goal, being climate change, regional employment or whatever. A large proportion of money concentrated in a small group and I'm even not talking about people on £250k a year, leads to corruption, i.e. George Osborne is the Editor of the Evening Standard. A paper, who in the last election had the owner literally urging his readers to vote Conservative. Just look at the last 10 years. The FTSE has hit record highs and Corbyn is a candidate to be Prime Minister. How on Earth do you explain that? We should all be drinking champagne.
|
|
|
Originally posted by Jway89
They should be footing a higher %, based on how much that group is worth. This is what happens here too. I separate corporation tax from personal tax. I would like to see corporation tax lower, but, if I earn £30k and pay 20%, so left with £24kish, how is it a good idea to allow someone to pay 10% on £5m? If the total amount the top 1% pay is 25% of the tax pot, it's because they have all the money. Who would I get to fill in the gap? Create new entrepreneurs, through tax incentives or funding incentives towards an agreed goal, being climate change, regional employment or whatever. A large proportion of money concentrated in a small group and I'm even not talking about people on £250k a year, leads to corruption, i.e. George Osborne is the Editor of the Evening Standard. A paper, who in the last election had the owner literally urging his readers to vote Conservative. Just look at the last 10 years. The FTSE has hit record highs and Corbyn is a candidate to be Prime Minister. How on Earth do you explain that? We should all be drinking champagne. 10% of 5m in one year is more than your example will pay in a lifetime.
|
|
|
Originally posted by Jway89
They should be footing a higher %, based on how much that group is worth. This is what happens here too. I separate corporation tax from personal tax. I would like to see corporation tax lower, but, if I earn £30k and pay 20%, so left with £24kish, how is it a good idea to allow someone to pay 10% on £5m? If the total amount the top 1% pay is 25% of the tax pot, it's because they have all the money. Who would I get to fill in the gap? Create new entrepreneurs, through tax incentives or funding incentives towards an agreed goal, being climate change, regional employment or whatever. A large proportion of money concentrated in a small group and I'm even not talking about people on £250k a year, leads to corruption, i.e. George Osborne is the Editor of the Evening Standard. A paper, who in the last election had the owner literally urging his readers to vote Conservative. Just look at the last 10 years. The FTSE has hit record highs and Corbyn is a candidate to be Prime Minister. How on Earth do you explain that? We should all be drinking champagne. To be fair to Warren Buffett and Bill Gates they are both leaving the bulk of their estates to the Foundation funds they started.
|
|
| Deleted11 07 Nov 19 8.33pm | |
|---|---|
|
Originally posted by Stirlingsays
For high taxes to work for the wealthy to work you need to have a society that they really want to live in to the exclusion of others. You need something pretty out there because the whole point about having money is that it buys you the accountants and all the intelligence you need to skirt the system....plus plenty of countries that would love to have you. It just isn't going to work......The kind of people who hold the wealth in the UK are proportionally more the finance sector and greater business sector .....and of course they have multiple options. As for the point that you can just create new opportunities for replacements......What? So that they can give most of their earnings away? I'm not seeing how the 'incentives' are actually 'incentives'. Low tax is an actual incentive for investment.....No one working for another is going to get that rich....but you'll have a job. Take that investment away and you'll have less jobs. Edited by Stirlingsays (07 Nov 2019 8.12pm) I don't see this as being controversial. Ok, so under Blair the economy grew by about £400b, pretty much the same as under Thatcher and Cameron, with differing tax regimes. So, I'm not saying we should hate the rich, we all want to be rich, what I'm saying is that if the society we all want, which is what really should be the base of a referendum, is a society where we all contribute to Police, the Army, Social Wellbeing, and have opportunities to increase our wealth, there's going to have to be a fundamental change.
|
|
| Deleted11 07 Nov 19 8.46pm | |
|---|---|
|
Originally posted by cryrst
10% of 5m in one year is more than your example will pay in a lifetime. Exactly. Thank you
|
|
|
Originally posted by Jway89
I don't see this as being controversial. Ok, so under Blair the economy grew by about £400b, pretty much the same as under Thatcher and Cameron, with differing tax regimes. So, I'm not saying we should hate the rich, we all want to be rich, what I'm saying is that if the society we all want, which is what really should be the base of a referendum, is a society where we all contribute to Police, the Army, Social Wellbeing, and have opportunities to increase our wealth, there's going to have to be a fundamental change. The seventies had high tax rates and Thatcher and those since didn't....that's one of the factors as well. I agree with your sentiment.....I just don't see how it works. As for Corbyn looking attractive. I get that....socialists will eventually get in anyway simply due to demographical change. Still, that's not going to happen this time around. But when they do the same thing will happen as it always does. Edited by Stirlingsays (07 Nov 2019 9.05pm)
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
|
| Deleted11 07 Nov 19 9.21pm | |
|---|---|
|
Originally posted by Stirlingsays
The seventies had high tax rates and Thatcher and those since didn't....that's one of the factors as well. I agree with your sentiment.....I just don't see how it works. As for Corbyn looking attractive. I get that....socialists will eventually get in anyway simply due to demographical change. Still, that's not going to happen this time around. But when they do the same thing will happen as it always does. Edited by Stirlingsays (07 Nov 2019 9.05pm) I know and that's why i'm indifferent to any party. But, the interest rates under the Tories was through the roof in the 80s and 90s, so great for savers and people who bought their homes at the right time, but should've been crap for business, so why such a rise? But, zero self criticism on all sides is a problem. Politics, the new religion.
|
|
|
Originally posted by Jway89
I know and that's why i'm indifferent to any party. But, the interest rates under the Tories was through the roof in the 80s and 90s, so great for savers and people who bought their homes at the right time, but should've been crap for business, so why such a rise? But, zero self criticism on all sides is a problem. Politics, the new religion. Yep, reasonable points. I keep meaning to look at economics more deeply and read a few books.....but that enthusiasm for new learning has dimmed a bit. Since I've reached fifty I seem to be just as interested in the thermal effectiveness of slippers as I do anything else. Edited by Stirlingsays (07 Nov 2019 9.31pm)
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
|
|
Bunch of liars,
|
|
|
Originally posted by Teddy Eagle
To be fair to Warren Buffett and Bill Gates they are both leaving the bulk of their estates to the Foundation funds they started. He's ignoring the fact that tax on capital gains and dividends are lower than top slice income tax - also funding to their foundations are deductible.
|
|
|
Originally posted by Stirlingsays
The seventies had high tax rates and Thatcher and those since didn't....that's one of the factors as well. I agree with your sentiment.....I just don't see how it works. As for Corbyn looking attractive. I get that....socialists will eventually get in anyway simply due to demographical change. Still, that's not going to happen this time around. Edited by Stirlingsays (07 Nov 2019 9.05pm) The latest calculus published today indicates a healthy Conservative win (96 seat majority), the one the other day indicated a 100 seat majority.I will be very surprised if a Conservative victory is on this scale. Polls have been wrong before, we have a volatile electorate, remainer pacts, Brexit party etc etc and there is still 5 weeks of campaiging left.I'm taking nothing for granted and getting carried away.Perhaps it's just my customary pessimism, demonstrated on HOL many times in respect of our team's prospects ! Edited by Willo (08 Nov 2019 9.02am)
|
|
|
Originally posted by Willo
The latest calculus published today indicates a healthy Conservative win (96 seat majority), the one the other day indicated a 100 seat majority.I will be very surprised if a Conservative victory is on this scale. Polls have been wrong before, we have a volatile electorate, remainer pacts, Brexit party etc etc and there is still 5 weeks of campaiging left.I'm taking nothing for granted and getting carried away.Perhaps it's just my customary pessimism, demonstrated on HOL many times in respect of our team's prospects ! Edited by Willo (08 Nov 2019 9.02am) I see at least a thirty or forty seat majority mainly built on the 'Johnson' affect and irritation over parliament. It'll be quite an exciting campaigning season initially.....but by the end of it we'll all be sick of it. Wrap up warm for those doorstops.
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
|
|
Originally posted by Stirlingsays
I see at least a thirty or forty seat majority mainly built on the 'Johnson' affect and irritation over parliament. It'll be quite an exciting campaigning season initially.....but by the end of it we'll all be sick of it. Wrap up warm for those doorstops. I suspect many are sick of the campaigning already ! In terms of a majority, I would not wish to make any predictions as we live in unpredictable times.Theresa May was predicted to attain a comfortable majority but we all know what happened, however a disastrous campaign and manifesto sealed her fate.I hear that Nick Timothy one of her trusted advisers involved in both was not selected as the Conservative candidate for the safe seat of Meriden.
|
|
|
I feel quite deprived this morning, as I don't have the odd 400 billions to spend. Could anybody lend me a fiver?
|
|
|
Originally posted by steeleye20
I feel quite deprived this morning, as I don't have the odd 400 billions to spend. Could anybody lend me a fiver? Now that's a true socialist.
'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen) |
|
All images and text on this site are copyright © 1999-2025 The Holmesdale Online, unless otherwise stated.
Web Design by Guntrisoft Ltd.