comment by Edinspur (U1109)
posted 18 hours, 15 minutes ago
But whenever we’ve had posters like Rosso or WWSPD post reasoned responses to him, he has always dodged it.
----------------------------------------------------------------------
Had a pretty lengthy debate with Rosso the other day, went on for pages. Id suggest you let poster speak for themselves rather than speaking on their behalf as you infrequently dip in and out of posts!
I think a lot of people just use it as an excuse to defend the Tories, even if they don’t really believe it.
comment by Roy The King Chipolina (U10026)
posted 2 minutes ago
I think a lot of people just use it as an excuse to defend the Tories, even if they don’t really believe it.
----------------------------------------------------------------------
Studies show that giving tax breaks to those at the top end of earning has a proportionately smaller positive effect on growth, and that the most effective "cost benefit" comes from giving breaks to middle and lower income earners, who make up the majority of the tax paying workforce. So its not a case that trickle down economics doesnt work at all, there is still some benefit in putting more money back into the pockets of the rich because they will likely spend/invest it, but there is a greater benefit from doing it with those on middle/lower incomes.
What I cannot really get my head around is political decision to cut the 45% rate . Its impact is being blown out of proportion because it is estimated to cost about £2bn (tiny compared to the energy price cap measures for example), but by the same token if, it is really such a relatively cheap measure, why follow through with it when politically it's fecking suicide. IMO it alone has little baring on the economy, but politically this issue alone could bury the PM.
My only plausible explanation is that the PM is trying to differentiate our economy from the EU block making it more attractive for people to work and invest here if personal taxes and others like Corp Tax are low. However, the markets have reacted so badly to it (should have been predicted!) that it doesnt make us appear as an attractive place to come and work/invest, even if taxes are low, so it has been counter-productive.
What staggers me more is that tax cuts like that, alongside the banker bonuses, alongside measures to extract more foissil fuels and restart fracking just paint a picture, across the board, of seeking prosperity at any cost. Pure and simple greed to drive the economy and solve our problems. Its the whole package of their approach that leaves such a bad taste for me.
You said it could be a masterstroke.
So despite the evidence showing that tax cuts to the richest is the worst way to stimulate the economy, and that the top 1% don’t spend and invest but hoard wealth, you are still going to deny that trickle down economics doesn’t work?
You’re the Tories wet dream. Morons like you are the reason they are in power.
comment by Roy The King Chipolina (U10026)
posted 57 minutes ago
You said it could be a masterstroke.
So despite the evidence showing that tax cuts to the richest is the worst way to stimulate the economy, and that the top 1% don’t spend and invest but hoard wealth, you are still going to deny that trickle down economics doesn’t work?
You’re the Tories wet dream. Morons like you are the reason they are in power.
----------------------------------------------------------------------
Throw in Billy and Dave into the mix as well. They continue to back the Tories however much damage they cause.
sandy, Billy can’t be a real person. I refuse to believe it.
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 17 minutes ago
comment by Roy The King Chipolina (U10026)
posted 57 minutes ago
You said it could be a masterstroke.
So despite the evidence showing that tax cuts to the richest is the worst way to stimulate the economy, and that the top 1% don’t spend and invest but hoard wealth, you are still going to deny that trickle down economics doesn’t work?
You’re the Tories wet dream. Morons like you are the reason they are in power.
----------------------------------------------------------------------
Throw in Billy and Dave into the mix as well. They continue to back the Tories however much damage they cause.
----------------------------------------------------------------------
Is Dave a Tory too? Actually it does make sense...
Andrew Pierce, Daniel Hannon and the rest of the Tory apologists are now blaming this crisis on the markets' fear of Keir Starmer as PM.
They've spent 12 years blaming the last Labour government, and now they're blaming the next one
comment by Roy The King Chipolina (U10026)
posted 1 hour, 16 minutes ago
You said it could be a masterstroke.
So despite the evidence showing that tax cuts to the richest is the worst way to stimulate the economy, and that the top 1% don’t spend and invest but hoard wealth, you are still going to deny that trickle-down economics doesn’t work?
You’re the Tories wet dream. Morons like you are the reason they are in power.
----------------------------------------------------------------------
Taken alone you are right. But as part of a package that is cutting tax for everyone and businesses it is not a purely trickle down driven approach, and nor has it every been explained as such. Its clearly an attempt to keep money in the economy at every level, including businesses, and while you can fairly question and criticise why the top 1% need it, just because they are getting it does not make it a trickle down approach.
I am happy to assess things and try and understand the reasoning and the impact, I have an A level in Economics. I am not defending Tory policy, i think the higher rate tax cut was madness politically, with very little economic gain.. Personally I would have liked to have seen an even higher rate, say 50% over £1m or something like that introduced on a short term basis to help to contribute more to equality in these difficult times. Again, a measure that would not raise huge funds but at least showing a willingness to try and close the gap, and politically pleasing to the masses even if it may upset the top 0.1% of earners.
My biggest criticism of the Govts approach is that while they claim to be challenging the orthodoxy (which i have no issue with in principle) their approach has shown no imagination (tax cuts) and actually just reeks to old skool Tory attitudes. These are very difficult times and this approach looks rushed and trying to appease hard core tory values rather than taking a more modern creative approach that fits the moment and the issues we face. It seriously fails to read the room!.
I think that Labours proposals to create a publically owned green energy giant is one such "out of the box" idea that could work well, although i would add caution that France's publically owned EDF is about £50bn in debt and their publically owned SNCF (rail) is about the same in debt. SO these publically owned essentials do often come at a huge financial cost (and opportunity cost) of their own.
Liz Truss has a degree in economics. She’s as economically illiterate as you are.
comment by Roy The King Chipolina (U10026)
posted 13 seconds ago
Liz Truss has a degree in economics. She’s as economically illiterate as you are.
----------------------------------------------------------------------
Jeez, that must make you the dunce in the corner using his own shiiiit to paint a self portrait.
Some might say using shiiiiit to paint a self portrait is a masterstroke.
comment by Roy The King Chipolina (U10026)
posted 24 seconds ago
Some might say using shiiiiit to paint a self portrait is a masterstroke.
----------------------------------------------------------------------
It could be..... we'll have to see
Errrrr, you might have mentioned that EDF has perennially made profits (returned to the exchequer) for decades, that its annual revenue comfortably covers its total debt, and that it has assets worth something like seven or eight times the current (real) debt.
The inevitable death of a debt-based system (fiat-currency) is finally upon us. RIP.
Those who print the stuff have known for decades this moment would come....they just forgot to tell the people.
@sandy...............Yeah, people will be rising up and sadly i have no doubt that life will be 'a car crash' for a long while yet.
comment by Edinspur (U1109)
posted 12 minutes ago
A level in economics
----------------------------------------------------------------------
How else would he come to the conclusion that Truss’ economic policy could be a masterstroke?
comment by Devonshirespur (U6316)
posted 1 hour, 36 minutes ago
comment by Roy The King Chipolina (U10026)
posted 1 hour, 16 minutes ago
You said it could be a masterstroke.
So despite the evidence showing that tax cuts to the richest is the worst way to stimulate the economy, and that the top 1% don’t spend and invest but hoard wealth, you are still going to deny that trickle-down economics doesn’t work?
You’re the Tories wet dream. Morons like you are the reason they are in power.
----------------------------------------------------------------------
Taken alone you are right. But as part of a package that is cutting tax for everyone and businesses it is not a purely trickle down driven approach, and nor has it every been explained as such. Its clearly an attempt to keep money in the economy at every level, including businesses, and while you can fairly question and criticise why the top 1% need it, just because they are getting it does not make it a trickle down approach.
I am happy to assess things and try and understand the reasoning and the impact, I have an A level in Economics. I am not defending Tory policy, i think the higher rate tax cut was madness politically, with very little economic gain.. Personally I would have liked to have seen an even higher rate, say 50% over £1m or something like that introduced on a short term basis to help to contribute more to equality in these difficult times. Again, a measure that would not raise huge funds but at least showing a willingness to try and close the gap, and politically pleasing to the masses even if it may upset the top 0.1% of earners.
My biggest criticism of the Govts approach is that while they claim to be challenging the orthodoxy (which i have no issue with in principle) their approach has shown no imagination (tax cuts) and actually just reeks to old skool Tory attitudes. These are very difficult times and this approach looks rushed and trying to appease hard core tory values rather than taking a more modern creative approach that fits the moment and the issues we face. It seriously fails to read the room!.
I think that Labours proposals to create a publically owned green energy giant is one such "out of the box" idea that could work well, although i would add caution that France's publically owned EDF is about £50bn in debt and their publically owned SNCF (rail) is about the same in debt. SO these publically owned essentials do often come at a huge financial cost (and opportunity cost) of their own.
----------------------------------------------------------------------
Devonshire, everything is collpasing around this Government. The Bank of England have now stepped in to save Pension Funds. It cannot get any worse, other than the whole country going to collapse.
It`s been a disastrous couple of weeks, however you care to dress it up.
If the Government continue on their current path, then they will take us all down with them. No ifs, no buts.
I said a while back I did not expect Truss to last more than a few months, I think I may have been over optimistic with that statement. She may be gone before the New Year.
I expect a General Election as early as the New Year. This will not go on for much longer.
comment by Roy The King Chipolina (U10026)
posted 39 minutes ago
comment by Edinspur (U1109)
posted 12 minutes ago
A level in economics
----------------------------------------------------------------------
How else would he come to the conclusion that Truss’ economic policy could be a masterstroke?
----------------------------------------------------------------------
Boom or bust, was the basic point i was making, the very nature of a high risk strategy. But I i have now leaned that a simpleton like you is unable to understand this basic point. I will spell it our like i would for my 13 year old, so you dont get the wrong end of the stick in future.
Under weaknesses you've put Eczema
There was never any chance of it being a masterstroke economic policy, unless you are a disaster capitalist. You’d think someone with an economics A level would know this.
comment by Roy The King Chipolina (U10026)
posted 22 minutes ago
There was never any chance of it being a masterstroke economic policy, unless you are a disaster capitalist. You’d think someone with an economics A level would know this.
----------------------------------------------------------------------
tell me why, economically, lowering taxes will not work and why the markets have reacted so badly, because i am not sure you actually know.
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 1 hour, 3 minutes ago
comment by Devonshirespur (U6316)
posted 1 hour, 36 minutes ago
comment by Roy The King Chipolina (U10026)
posted 1 hour, 16 minutes ago
You said it could be a masterstroke.
So despite the evidence showing that tax cuts to the richest is the worst way to stimulate the economy, and that the top 1% don’t spend and invest but hoard wealth, you are still going to deny that trickle-down economics doesn’t work?
You’re the Tories wet dream. Morons like you are the reason they are in power.
----------------------------------------------------------------------
Taken alone you are right. But as part of a package that is cutting tax for everyone and businesses it is not a purely trickle down driven approach, and nor has it every been explained as such. Its clearly an attempt to keep money in the economy at every level, including businesses, and while you can fairly question and criticise why the top 1% need it, just because they are getting it does not make it a trickle down approach.
I am happy to assess things and try and understand the reasoning and the impact, I have an A level in Economics. I am not defending Tory policy, i think the higher rate tax cut was madness politically, with very little economic gain.. Personally I would have liked to have seen an even higher rate, say 50% over £1m or something like that introduced on a short term basis to help to contribute more to equality in these difficult times. Again, a measure that would not raise huge funds but at least showing a willingness to try and close the gap, and politically pleasing to the masses even if it may upset the top 0.1% of earners.
My biggest criticism of the Govts approach is that while they claim to be challenging the orthodoxy (which i have no issue with in principle) their approach has shown no imagination (tax cuts) and actually just reeks to old skool Tory attitudes. These are very difficult times and this approach looks rushed and trying to appease hard core tory values rather than taking a more modern creative approach that fits the moment and the issues we face. It seriously fails to read the room!.
I think that Labours proposals to create a publically owned green energy giant is one such "out of the box" idea that could work well, although i would add caution that France's publically owned EDF is about £50bn in debt and their publically owned SNCF (rail) is about the same in debt. SO these publically owned essentials do often come at a huge financial cost (and opportunity cost) of their own.
----------------------------------------------------------------------
Devonshire, everything is collpasing around this Government. The Bank of England have now stepped in to save Pension Funds. It cannot get any worse, other than the whole country going to collapse.
It`s been a disastrous couple of weeks, however you care to dress it up.
----------------------------------------------------------------------
1. The BoE ARE the problem. Continually adding to the money supply (inflation) AND raising rates! (this applies to ALL Central Banks pushing a debt-based currency)
The perfect storm.
Q: ''How did you go bankrupt?''
A: ''Slowly at first and then very very quickly''.
This is where we're at. And no, changing party won't change a thing. This is those who rule the roost, those way above any given govt.
comment by ...TUX... (U22398)
posted 12 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 1 hour, 3 minutes ago
comment by Devonshirespur (U6316)
posted 1 hour, 36 minutes ago
comment by Roy The King Chipolina (U10026)
posted 1 hour, 16 minutes ago
You said it could be a masterstroke.
So despite the evidence showing that tax cuts to the richest is the worst way to stimulate the economy, and that the top 1% don’t spend and invest but hoard wealth, you are still going to deny that trickle-down economics doesn’t work?
You’re the Tories wet dream. Morons like you are the reason they are in power.
----------------------------------------------------------------------
Taken alone you are right. But as part of a package that is cutting tax for everyone and businesses it is not a purely trickle down driven approach, and nor has it every been explained as such. Its clearly an attempt to keep money in the economy at every level, including businesses, and while you can fairly question and criticise why the top 1% need it, just because they are getting it does not make it a trickle down approach.
I am happy to assess things and try and understand the reasoning and the impact, I have an A level in Economics. I am not defending Tory policy, i think the higher rate tax cut was madness politically, with very little economic gain.. Personally I would have liked to have seen an even higher rate, say 50% over £1m or something like that introduced on a short term basis to help to contribute more to equality in these difficult times. Again, a measure that would not raise huge funds but at least showing a willingness to try and close the gap, and politically pleasing to the masses even if it may upset the top 0.1% of earners.
My biggest criticism of the Govts approach is that while they claim to be challenging the orthodoxy (which i have no issue with in principle) their approach has shown no imagination (tax cuts) and actually just reeks to old skool Tory attitudes. These are very difficult times and this approach looks rushed and trying to appease hard core tory values rather than taking a more modern creative approach that fits the moment and the issues we face. It seriously fails to read the room!.
I think that Labours proposals to create a publically owned green energy giant is one such "out of the box" idea that could work well, although i would add caution that France's publically owned EDF is about £50bn in debt and their publically owned SNCF (rail) is about the same in debt. SO these publically owned essentials do often come at a huge financial cost (and opportunity cost) of their own.
----------------------------------------------------------------------
Devonshire, everything is collpasing around this Government. The Bank of England have now stepped in to save Pension Funds. It cannot get any worse, other than the whole country going to collapse.
It`s been a disastrous couple of weeks, however you care to dress it up.
----------------------------------------------------------------------
1. The BoE ARE the problem. Continually adding to the money supply (inflation) AND raising rates! (this applies to ALL Central Banks pushing a debt-based currency)
The perfect storm.
Q: ''How did you go bankrupt?''
A: ''Slowly at first and then very very quickly''.
This is where we're at. And no, changing party won't change a thing. This is those who rule the roost, those way above any given govt.
----------------------------------------------------------------------
The BoE were slow in raising rates earlier this year. They have sleep walked into this spiralling inflation crisis with one of the few measures available to apply any sort of control and have used it lightly and late.
Sign in if you want to comment
With another two years until the next
Page 6 of 7
6 | 7
posted on 28/9/22
comment by Edinspur (U1109)
posted 18 hours, 15 minutes ago
But whenever we’ve had posters like Rosso or WWSPD post reasoned responses to him, he has always dodged it.
----------------------------------------------------------------------
Had a pretty lengthy debate with Rosso the other day, went on for pages. Id suggest you let poster speak for themselves rather than speaking on their behalf as you infrequently dip in and out of posts!
posted on 28/9/22
I think a lot of people just use it as an excuse to defend the Tories, even if they don’t really believe it.
posted on 28/9/22
comment by Roy The King Chipolina (U10026)
posted 2 minutes ago
I think a lot of people just use it as an excuse to defend the Tories, even if they don’t really believe it.
----------------------------------------------------------------------
Studies show that giving tax breaks to those at the top end of earning has a proportionately smaller positive effect on growth, and that the most effective "cost benefit" comes from giving breaks to middle and lower income earners, who make up the majority of the tax paying workforce. So its not a case that trickle down economics doesnt work at all, there is still some benefit in putting more money back into the pockets of the rich because they will likely spend/invest it, but there is a greater benefit from doing it with those on middle/lower incomes.
What I cannot really get my head around is political decision to cut the 45% rate . Its impact is being blown out of proportion because it is estimated to cost about £2bn (tiny compared to the energy price cap measures for example), but by the same token if, it is really such a relatively cheap measure, why follow through with it when politically it's fecking suicide. IMO it alone has little baring on the economy, but politically this issue alone could bury the PM.
My only plausible explanation is that the PM is trying to differentiate our economy from the EU block making it more attractive for people to work and invest here if personal taxes and others like Corp Tax are low. However, the markets have reacted so badly to it (should have been predicted!) that it doesnt make us appear as an attractive place to come and work/invest, even if taxes are low, so it has been counter-productive.
What staggers me more is that tax cuts like that, alongside the banker bonuses, alongside measures to extract more foissil fuels and restart fracking just paint a picture, across the board, of seeking prosperity at any cost. Pure and simple greed to drive the economy and solve our problems. Its the whole package of their approach that leaves such a bad taste for me.
posted on 28/9/22
You said it could be a masterstroke.
So despite the evidence showing that tax cuts to the richest is the worst way to stimulate the economy, and that the top 1% don’t spend and invest but hoard wealth, you are still going to deny that trickle down economics doesn’t work?
You’re the Tories wet dream. Morons like you are the reason they are in power.
posted on 28/9/22
comment by Roy The King Chipolina (U10026)
posted 57 minutes ago
You said it could be a masterstroke.
So despite the evidence showing that tax cuts to the richest is the worst way to stimulate the economy, and that the top 1% don’t spend and invest but hoard wealth, you are still going to deny that trickle down economics doesn’t work?
You’re the Tories wet dream. Morons like you are the reason they are in power.
----------------------------------------------------------------------
Throw in Billy and Dave into the mix as well. They continue to back the Tories however much damage they cause.
posted on 28/9/22
sandy, Billy can’t be a real person. I refuse to believe it.
posted on 28/9/22
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 17 minutes ago
comment by Roy The King Chipolina (U10026)
posted 57 minutes ago
You said it could be a masterstroke.
So despite the evidence showing that tax cuts to the richest is the worst way to stimulate the economy, and that the top 1% don’t spend and invest but hoard wealth, you are still going to deny that trickle down economics doesn’t work?
You’re the Tories wet dream. Morons like you are the reason they are in power.
----------------------------------------------------------------------
Throw in Billy and Dave into the mix as well. They continue to back the Tories however much damage they cause.
----------------------------------------------------------------------
Is Dave a Tory too? Actually it does make sense...
posted on 28/9/22
Andrew Pierce, Daniel Hannon and the rest of the Tory apologists are now blaming this crisis on the markets' fear of Keir Starmer as PM.
They've spent 12 years blaming the last Labour government, and now they're blaming the next one
posted on 28/9/22
They are shameless.
posted on 28/9/22
comment by Roy The King Chipolina (U10026)
posted 1 hour, 16 minutes ago
You said it could be a masterstroke.
So despite the evidence showing that tax cuts to the richest is the worst way to stimulate the economy, and that the top 1% don’t spend and invest but hoard wealth, you are still going to deny that trickle-down economics doesn’t work?
You’re the Tories wet dream. Morons like you are the reason they are in power.
----------------------------------------------------------------------
Taken alone you are right. But as part of a package that is cutting tax for everyone and businesses it is not a purely trickle down driven approach, and nor has it every been explained as such. Its clearly an attempt to keep money in the economy at every level, including businesses, and while you can fairly question and criticise why the top 1% need it, just because they are getting it does not make it a trickle down approach.
I am happy to assess things and try and understand the reasoning and the impact, I have an A level in Economics. I am not defending Tory policy, i think the higher rate tax cut was madness politically, with very little economic gain.. Personally I would have liked to have seen an even higher rate, say 50% over £1m or something like that introduced on a short term basis to help to contribute more to equality in these difficult times. Again, a measure that would not raise huge funds but at least showing a willingness to try and close the gap, and politically pleasing to the masses even if it may upset the top 0.1% of earners.
My biggest criticism of the Govts approach is that while they claim to be challenging the orthodoxy (which i have no issue with in principle) their approach has shown no imagination (tax cuts) and actually just reeks to old skool Tory attitudes. These are very difficult times and this approach looks rushed and trying to appease hard core tory values rather than taking a more modern creative approach that fits the moment and the issues we face. It seriously fails to read the room!.
I think that Labours proposals to create a publically owned green energy giant is one such "out of the box" idea that could work well, although i would add caution that France's publically owned EDF is about £50bn in debt and their publically owned SNCF (rail) is about the same in debt. SO these publically owned essentials do often come at a huge financial cost (and opportunity cost) of their own.
posted on 28/9/22
Liz Truss has a degree in economics. She’s as economically illiterate as you are.
posted on 28/9/22
comment by Roy The King Chipolina (U10026)
posted 13 seconds ago
Liz Truss has a degree in economics. She’s as economically illiterate as you are.
----------------------------------------------------------------------
Jeez, that must make you the dunce in the corner using his own shiiiit to paint a self portrait.
posted on 28/9/22
Some might say using shiiiiit to paint a self portrait is a masterstroke.
posted on 28/9/22
comment by Roy The King Chipolina (U10026)
posted 24 seconds ago
Some might say using shiiiiit to paint a self portrait is a masterstroke.
----------------------------------------------------------------------
It could be..... we'll have to see
posted on 28/9/22
Errrrr, you might have mentioned that EDF has perennially made profits (returned to the exchequer) for decades, that its annual revenue comfortably covers its total debt, and that it has assets worth something like seven or eight times the current (real) debt.
posted on 28/9/22
The inevitable death of a debt-based system (fiat-currency) is finally upon us. RIP.
Those who print the stuff have known for decades this moment would come....they just forgot to tell the people.
@sandy...............Yeah, people will be rising up and sadly i have no doubt that life will be 'a car crash' for a long while yet.
posted on 28/9/22
A level in economics
posted on 28/9/22
comment by Edinspur (U1109)
posted 12 minutes ago
A level in economics
----------------------------------------------------------------------
How else would he come to the conclusion that Truss’ economic policy could be a masterstroke?
posted on 28/9/22
comment by Devonshirespur (U6316)
posted 1 hour, 36 minutes ago
comment by Roy The King Chipolina (U10026)
posted 1 hour, 16 minutes ago
You said it could be a masterstroke.
So despite the evidence showing that tax cuts to the richest is the worst way to stimulate the economy, and that the top 1% don’t spend and invest but hoard wealth, you are still going to deny that trickle-down economics doesn’t work?
You’re the Tories wet dream. Morons like you are the reason they are in power.
----------------------------------------------------------------------
Taken alone you are right. But as part of a package that is cutting tax for everyone and businesses it is not a purely trickle down driven approach, and nor has it every been explained as such. Its clearly an attempt to keep money in the economy at every level, including businesses, and while you can fairly question and criticise why the top 1% need it, just because they are getting it does not make it a trickle down approach.
I am happy to assess things and try and understand the reasoning and the impact, I have an A level in Economics. I am not defending Tory policy, i think the higher rate tax cut was madness politically, with very little economic gain.. Personally I would have liked to have seen an even higher rate, say 50% over £1m or something like that introduced on a short term basis to help to contribute more to equality in these difficult times. Again, a measure that would not raise huge funds but at least showing a willingness to try and close the gap, and politically pleasing to the masses even if it may upset the top 0.1% of earners.
My biggest criticism of the Govts approach is that while they claim to be challenging the orthodoxy (which i have no issue with in principle) their approach has shown no imagination (tax cuts) and actually just reeks to old skool Tory attitudes. These are very difficult times and this approach looks rushed and trying to appease hard core tory values rather than taking a more modern creative approach that fits the moment and the issues we face. It seriously fails to read the room!.
I think that Labours proposals to create a publically owned green energy giant is one such "out of the box" idea that could work well, although i would add caution that France's publically owned EDF is about £50bn in debt and their publically owned SNCF (rail) is about the same in debt. SO these publically owned essentials do often come at a huge financial cost (and opportunity cost) of their own.
----------------------------------------------------------------------
Devonshire, everything is collpasing around this Government. The Bank of England have now stepped in to save Pension Funds. It cannot get any worse, other than the whole country going to collapse.
It`s been a disastrous couple of weeks, however you care to dress it up.
If the Government continue on their current path, then they will take us all down with them. No ifs, no buts.
I said a while back I did not expect Truss to last more than a few months, I think I may have been over optimistic with that statement. She may be gone before the New Year.
I expect a General Election as early as the New Year. This will not go on for much longer.
posted on 28/9/22
comment by Roy The King Chipolina (U10026)
posted 39 minutes ago
comment by Edinspur (U1109)
posted 12 minutes ago
A level in economics
----------------------------------------------------------------------
How else would he come to the conclusion that Truss’ economic policy could be a masterstroke?
----------------------------------------------------------------------
Boom or bust, was the basic point i was making, the very nature of a high risk strategy. But I i have now leaned that a simpleton like you is unable to understand this basic point. I will spell it our like i would for my 13 year old, so you dont get the wrong end of the stick in future.
posted on 28/9/22
Under weaknesses you've put Eczema
posted on 28/9/22
There was never any chance of it being a masterstroke economic policy, unless you are a disaster capitalist. You’d think someone with an economics A level would know this.
posted on 28/9/22
comment by Roy The King Chipolina (U10026)
posted 22 minutes ago
There was never any chance of it being a masterstroke economic policy, unless you are a disaster capitalist. You’d think someone with an economics A level would know this.
----------------------------------------------------------------------
tell me why, economically, lowering taxes will not work and why the markets have reacted so badly, because i am not sure you actually know.
posted on 28/9/22
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 1 hour, 3 minutes ago
comment by Devonshirespur (U6316)
posted 1 hour, 36 minutes ago
comment by Roy The King Chipolina (U10026)
posted 1 hour, 16 minutes ago
You said it could be a masterstroke.
So despite the evidence showing that tax cuts to the richest is the worst way to stimulate the economy, and that the top 1% don’t spend and invest but hoard wealth, you are still going to deny that trickle-down economics doesn’t work?
You’re the Tories wet dream. Morons like you are the reason they are in power.
----------------------------------------------------------------------
Taken alone you are right. But as part of a package that is cutting tax for everyone and businesses it is not a purely trickle down driven approach, and nor has it every been explained as such. Its clearly an attempt to keep money in the economy at every level, including businesses, and while you can fairly question and criticise why the top 1% need it, just because they are getting it does not make it a trickle down approach.
I am happy to assess things and try and understand the reasoning and the impact, I have an A level in Economics. I am not defending Tory policy, i think the higher rate tax cut was madness politically, with very little economic gain.. Personally I would have liked to have seen an even higher rate, say 50% over £1m or something like that introduced on a short term basis to help to contribute more to equality in these difficult times. Again, a measure that would not raise huge funds but at least showing a willingness to try and close the gap, and politically pleasing to the masses even if it may upset the top 0.1% of earners.
My biggest criticism of the Govts approach is that while they claim to be challenging the orthodoxy (which i have no issue with in principle) their approach has shown no imagination (tax cuts) and actually just reeks to old skool Tory attitudes. These are very difficult times and this approach looks rushed and trying to appease hard core tory values rather than taking a more modern creative approach that fits the moment and the issues we face. It seriously fails to read the room!.
I think that Labours proposals to create a publically owned green energy giant is one such "out of the box" idea that could work well, although i would add caution that France's publically owned EDF is about £50bn in debt and their publically owned SNCF (rail) is about the same in debt. SO these publically owned essentials do often come at a huge financial cost (and opportunity cost) of their own.
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Devonshire, everything is collpasing around this Government. The Bank of England have now stepped in to save Pension Funds. It cannot get any worse, other than the whole country going to collapse.
It`s been a disastrous couple of weeks, however you care to dress it up.
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1. The BoE ARE the problem. Continually adding to the money supply (inflation) AND raising rates! (this applies to ALL Central Banks pushing a debt-based currency)
The perfect storm.
Q: ''How did you go bankrupt?''
A: ''Slowly at first and then very very quickly''.
This is where we're at. And no, changing party won't change a thing. This is those who rule the roost, those way above any given govt.
posted on 28/9/22
comment by ...TUX... (U22398)
posted 12 minutes ago
comment by sandy, golden boot winner fa cup 1901 (U20567)
posted 1 hour, 3 minutes ago
comment by Devonshirespur (U6316)
posted 1 hour, 36 minutes ago
comment by Roy The King Chipolina (U10026)
posted 1 hour, 16 minutes ago
You said it could be a masterstroke.
So despite the evidence showing that tax cuts to the richest is the worst way to stimulate the economy, and that the top 1% don’t spend and invest but hoard wealth, you are still going to deny that trickle-down economics doesn’t work?
You’re the Tories wet dream. Morons like you are the reason they are in power.
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Taken alone you are right. But as part of a package that is cutting tax for everyone and businesses it is not a purely trickle down driven approach, and nor has it every been explained as such. Its clearly an attempt to keep money in the economy at every level, including businesses, and while you can fairly question and criticise why the top 1% need it, just because they are getting it does not make it a trickle down approach.
I am happy to assess things and try and understand the reasoning and the impact, I have an A level in Economics. I am not defending Tory policy, i think the higher rate tax cut was madness politically, with very little economic gain.. Personally I would have liked to have seen an even higher rate, say 50% over £1m or something like that introduced on a short term basis to help to contribute more to equality in these difficult times. Again, a measure that would not raise huge funds but at least showing a willingness to try and close the gap, and politically pleasing to the masses even if it may upset the top 0.1% of earners.
My biggest criticism of the Govts approach is that while they claim to be challenging the orthodoxy (which i have no issue with in principle) their approach has shown no imagination (tax cuts) and actually just reeks to old skool Tory attitudes. These are very difficult times and this approach looks rushed and trying to appease hard core tory values rather than taking a more modern creative approach that fits the moment and the issues we face. It seriously fails to read the room!.
I think that Labours proposals to create a publically owned green energy giant is one such "out of the box" idea that could work well, although i would add caution that France's publically owned EDF is about £50bn in debt and their publically owned SNCF (rail) is about the same in debt. SO these publically owned essentials do often come at a huge financial cost (and opportunity cost) of their own.
----------------------------------------------------------------------
Devonshire, everything is collpasing around this Government. The Bank of England have now stepped in to save Pension Funds. It cannot get any worse, other than the whole country going to collapse.
It`s been a disastrous couple of weeks, however you care to dress it up.
----------------------------------------------------------------------
1. The BoE ARE the problem. Continually adding to the money supply (inflation) AND raising rates! (this applies to ALL Central Banks pushing a debt-based currency)
The perfect storm.
Q: ''How did you go bankrupt?''
A: ''Slowly at first and then very very quickly''.
This is where we're at. And no, changing party won't change a thing. This is those who rule the roost, those way above any given govt.
----------------------------------------------------------------------
The BoE were slow in raising rates earlier this year. They have sleep walked into this spiralling inflation crisis with one of the few measures available to apply any sort of control and have used it lightly and late.
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