Three

It is not as simple as just taking that 40 billion and redistributing it amongst the poor like some modern day Robin Hood though is it.

You can argue the pros and cons to globalisation but the reality is much / most of that money was earned outside of this country.

Taxation is a worldwide problem, governments have struggled to keep up with developments of the last 15 years. Until they collectively get a grip, the situation won't change whoever is in charge. People will simply up sticks.

Then you have someone like Adele, worth over £110 million, she makes music which creates jobs but she is not a mass employer (and barely a UK resident)

I'm not saying that it is. What i'm arguing is, that we have a government who could not manage things any more incompetently and disastorously than they are.

I'll rehash James O'Brien on LBC. How can a government cut disability welfare because there's no money, but also cut corporation tax? How can you possibly justify that? The thing that concerns me, is that even as the IFS, traditionally a conservative economic analyser, come out and say that the tax system is ludicrously weighed in favour of the rich, when Corbyn suggests even a moderate tax rise for those over 100k, he is shouted down as a communist. And who are leading the shouting? Of course, those who own the media, who all sit happily in that top 1000!

If punk ever happened I'd be preaching the law, instead of listenin to Lydon lecture BBC4

Of course Adele works in one of the most inefficient systems of business known to man, which tends towards a 10% successful return rate (its just that 10% generates huge revenues to cover the 90% of losses).

You do have to wonder though why people who have such vast incomes, are so worried about small tax hikes that they'll threaten to leave the UK (they won't - Tax rates in countries like the US are so favourable by comparison they'd have left long ago if that was their true intention.

Its like celebrities who threaten to leave the UK if x happens. They never do, because their income is so tied to income generated from UK investments.

Sure a big hike, might have an emigration affect, but something reasonable won't. Its also worth remembering that taxation revenue creates jobs as well - within the civil services - and far more efficiently than within the music industry.

Taxation needs to be reviewed, and we as a population need to stop thinking in terms of short term political goals, and instead in terms of what we will fund with revenue, our priorities and how much the country needs to effectively provide efficient services to everyone - and how to best generate that revenue.

Pragmatically, not ideologically. It always astonishes me that people can be so 'Nationalistic' but then object to taxation which is the life blood by which any nation operates.

Its like the US and its massive defence spending, but object hate of any kind of health care system. The first step to protecting your people, is to protect them from the likely threats and those are health (in truth, its all about US governments plowing huge amounts of money into friendly companies which if they were called subsidies would be criminal)

"One Nation Under God, has turned into One Nation Under the Influence of One Drug"
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I'm interested to know in what way the case for repeal "remains very strong".

As Ricky Gervais points out, imagine a group of blokes setting a pack dogs on a terrified wild animal for a laugh. Now imagine they're posh and on horseback.

May should be concentrating on reversing planned cuts to Education or the funding crisis in the NHS rather than sorting things out so her toff mates can torture wild animals for fun.

Where is your evidence for this? What do you even mean by this?

I mean much of the wealth that these people possess was earned outside of the UK. Therefore just blaming the UK tax system for inequality kinda misses the point. The issue regarding how personal wealth and business profits are taxed is something that no single government can address. Perfectly illustrated by those who are concerned that we may become a tax haven post Brexit

Evidence? Here you go

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Key word being 'all.'

Labour implementing all the policies they want to and probably would is what everyone fears.

COYP

The OECD are in the middle of a cross-border project of stopping people moving profits offshore to low tax jurisdictions. So this is being addressed.

That article doesn't have any actual analysis of how much of income inequality is impacted by foreign earnings. Just that some of the people on the Times Rich List have fortunes amassed from non-British businesses. The simple fact is that UK residents (are meant to) pay tax on worldwide income. Furthermore as part of the OECD initiative, foreign companies which own UK property are being brought within the scope of UK corporation tax, and unsurprisingly lots of the people on your list own a lot of UK property.

It's becoming more and more difficult to divert income out of the UK and avoid tax. The tools are indeed there and there is a moral imperative for the wealthy to pay their fair share. The current tax system does not follow through with that imperative as it provides tax breaks and low levels of tax to the wealthy disproportionately with those less well off.

Given examples from other countries it would seem evident that the UK fiscal system as a whole is very much at fault.

You clearly have no understanding of economics.

The conservatives have not delivered a strong economy. Theirs is a story of damaging austerity. The GDP growth figures are despite their policies not because of them and are simply creating another cliff edge. The building up of consumer debt to fuel spending (hence GDP growth) is unsustainable and will hurt the poorest the most. It also will not cure our problems with productivity and inequality. It won't plug the gaping holes in public sector funding. It only worsens the balance of payments issue. Wages have stagnated for most people in real terms. I challenge you to show me anything of any actual substance that shows the economy is stronger today than it was in 2010. GDP figures are not an accurate measure of living standards. Their actions since the GFC have shown economic incompetence or wilful damage in the name of ideology.

In terms of Labour's plans being possible - yes they are. When monetary policy is maxed out you can and SHOULD be using expansionary fiscal policy to stimulate the economy. None of their plans are radical in reality. If we lived in Norway no one would think their policies were radically left wing or totally affordable. Look at Japan, their Debt is over 2x their GDP and they can borrow at lower rates than we can.

Also, a national economy with its own central bank CANNOT GO BANKRUPT. It is impossible. Yes you can have hyperinflation or runs on your currency but you CANNOT GO BANKRUPT. Labour's plans therefore will not and cannot bankrupt the economy. But you're right, improving funding in the woefully underfunded mental health and social care services is horribly lavish.

Given you've just repeated the "strong and stable" tagline you sound fairly gullible and stupid, so clearly some of the electorate is stupid (but voting Tory). Given you've contributed zero supported analysis of the economy (other than blah, blah, blah), or on anything else for that matter, it's no real loss that you'll no longer be posting.