Discussion
Erm, which the banks, in their charitable way, wouldn't pass onto the consumer in charges etc????
Too high a corporation tax and before you know it, all bank group HQ's will be operating out of Germany along with everyone else that's moved there recently.
As a result - bugger all tax for Fat Boy Brown.
Too high a corporation tax and before you know it, all bank group HQ's will be operating out of Germany along with everyone else that's moved there recently.
As a result - bugger all tax for Fat Boy Brown.
revrange said:
I had a thought that as we a bailing the banks out, again, should there not be a special tax in the good times, if and when they return?
Which they won't with your idea...Blame the government for bailing them out, they should be allowed to fail to get this out of the way as soon as possible, and let the profitable banks that were well run continue.
revrange said:
Good points, but I was wondering how to make em pay! Sorry just would like to start a national sport of banker hunting at the moment! Be a great vote winner, hand me the 12 bore!
Ah I see, you just wanted a timetable and location for a bit of crosshair placement.Can I suggest starting with the instigator of our troubles :- No. 10 Downing Street. He is, after all, the one who started it.
revrange said:
Good points, but I was wondering how to make em pay! Sorry just would like to start a national sport of banker hunting at the moment! Be a great vote winner, hand me the 12 bore!
Sadly, I think the unpalatable truth is that we’re all to blame, as a whole – anyone who borrowed more than they could afford, especially for ‘luxury items’ has a part to play. Saving for what you wanted seemed to go out of vogue 15 years ago, and having it all ‘now’ has been the acceptable norm – and the chickens have well and truly come home to roost. It like living off the land without sowing the seeds for the next season.It’s too easy to point the finger at banks, but aren’t we, again, as a whole, just as guilty?
chris watton said:
revrange said:
Good points, but I was wondering how to make em pay! Sorry just would like to start a national sport of banker hunting at the moment! Be a great vote winner, hand me the 12 bore!
Sadly, I think the unpalatable truth is that we’re all to blame, as a whole – anyone who borrowed more than they could afford, especially for ‘luxury items’ has a part to play. Saving for what you wanted seemed to go out of vogue 15 years ago, and having it all ‘now’ has been the acceptable norm – and the chickens have well and truly come home to roost. It like living off the land without sowing the seeds for the next season.It’s too easy to point the finger at banks, but aren’t we, again, as a whole, just as guilty?
BURN HIM.
revrange said:
I had a thought that as we a bailing the banks out, again, should there not be a special tax in the good times, if and when they return? A higher corporation tax to make up for the size of finance we are having to give? Discuss....
You don't understand the psychology of tax.The LOWER the overall tax regime, the HIGHER the revenues to the Treasury. Companies, entrepreneurs and working individuals are all 'turned on' by low taxation and so work harder and more adventurously.
As their businesses flourish, unemployment reduces, so the government ends up with even more coming in (as a greater number of people join the workforce) and a smaller requirement for cash going out (less benefits).
Insted of giving the banks more billions to kick the economy in the ass, why dont the gov give each tax-paying household a £1000 voucher (a tax rebate of sorts) to spend in the retailer of their choice (be it a deposit on a car, sofa or clothes and food for your children). it would be a survival of the fittest situation for the shops, if they are good they will get the money and the others will end up where they were heading anyway. At the end of the day the banks will get the money after it has boosted the high street. IMHO giving banks money and asking them to lend it out is like giving a starving man a chicken and telling him to wait for an egg. . . except the starving man is a fat greedy 
!
sorry for the rant
!sorry for the rant
chris watton said:
Sadly, I think the unpalatable truth is that we’re all to blame, It’s too easy to point the finger at banks, but aren’t we, again, as a whole, just as guilty?
Damn you and your home truths. Of course we are, but that doesn't help us get a scapegoat, so therefore, goats must be provided. Politicians from all parties aren't blaming each other too hard because that would automatically invite the question - 'why didn't you fight this earlier?'. They got their damage control in very early and have mostly hoodwinked the populace. Therefore we can't blame the snakes at Westminster.
We sure as hell aren't going to blame ourselves - that would be unselfish which is contrary to the impulses that got us in this position in the first place.
Who does that leave - the City boys - who earn more than anyone else and therefore must be to blame. Even though the majority of them have had nothing whatsoever to do with the sub-prime markets or anything remotely connected. When was the last time a City Dealer sold an innappropriate mortgage to a low earning home buyer? Never!
Job done - its the banks fault, society can combine envy with self-righteous rage, politicians feed off the short-sightedness and self-denial of individuals. Result.
revrange said:
I had a thought that as we a bailing the banks out, again, should there not be a special tax in the good times, if and when they return? A higher corporation tax to make up for the size of finance we are having to give? Discuss....
We now own large equity stakes in many of the banks. When the good times return these can be sold at a profit. Much of the other support is at a price. Loans with interest charged, or a new insurance scheme paid for by a premium paid by banks.Moreover in the good times financial institutions pay a disproportionate share of CT.
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