Jeremy Corbyn Vol. 2

[P5BNij]

Henners said:

andymadmak said:

Trolleys Thank You said:

lol. Comedy post.

Are you able to point out the inaccuracies that you perceive it contains?

He hasn't pointed out to me yet how the funding will be repaid yet either...

I'd be interested in his reply to Motco's post of 11.04... mind you, he might be too busy waiting for the Tory party to split.

[Gargamel]

Trolleys Thank You said:

"Borrow more to give free stuff". Nope, borrow more for national infrastructure while it is historically cheap to do so. Seemed to work in the 50's. The Tories strategy of perpetual austerity and privatisation only lines other Tories pockets. A Labour government would not have returned such weak growth in Q1. That's dangerously close to a contraction.

Yeah this is the kind of bullst that needs to be challenged.

This is the current situation

As of Q1 (the first quarter of) 2015, UK government debt amounted to £1.56 trillion, or 81.58% of total GDP, at which time the annual cost of servicing (paying the interest) the public debt amounted to around £43 billion (which is roughly 3% of GDP or 8% of UK government tax income).

Each household in Britain pays an average of around £2,000 per year in taxes to finance the interest.[11]


So tell me... what is the right level of total government debt. How will borrowing more assist UK Taxpayers exactly, and what impact on interest rates will it have when we borrow a st ton more cash ?

For Part B - Please also look at the reduction in the deficit from £150bn per annum under Labour to around £27bn this year

Indeed 8 years after Labout left office, we still pay out more than we get back in

For Part C

Discuss how Labours policy of Working Tax credits (predicted cost £1bn per annum) actual cost £17bn per annum is a total cluster fk and actually traps people in poverty


Additonal marx if you can see how we already have peoples QE.

[Henners]

Gargamel said:

Additonal marx if you can see how we already have peoples QE.

What you did there, I see it.

[Trolleys Thank You]

andymadmak said:

Trolleys Thank You said:

lol. Comedy post.

Are you able to point out the inaccuracies that you perceive it contains?

I could try, but every time I do we're just bombarded with more comedy replies.

The first sentence for example. "The shadow chancellor has said he wants to bring down capitalism." Pmsl. I'd love to see the evidence to back up that claim. Most of the anti-corbynistas in this thread can't be taken seriously.

Edited by Trolleys Thank You on Friday 27th April 13:21

[Henners]

Henners said:

Trolleys Thank You said:

Rovinghawk said:

Trolleys Thank You said:

Labour at least seem more committed to getting the country growing again.

Actually they seem to oppose every action to fix the damaged economy. They want to borrow more to give free stuff to everybody; I'd hardly call that growing the economy.

"Borrow more to give free stuff". Nope, borrow more for national infrastructure while it is historically cheap to do so. Seemed to work in the 50's. The Tories strategy of perpetual austerity and privatisation only lines other Tories pockets. A Labour government would not have returned such weak growth in Q1. That's dangerously close to a contraction.

And the plan to pay off the borrowing?

How about paying off the borrowing?

[nikaiyo2]

Europa1 said:

The Shadow Chancellor doesn't even seem to understand what borrowing is.

I think you are tarring him with the same idiot brush as Corbyn, JMD is not a fool. He understands what borrowing is, he understands the consequence of borrowing, he just does not care that it will make people poorer.
It will speed up the workers paradise so its a price worth paying. He is a true socialist, you me and everyone else is irrelevant, our wealth and happiness are secondary to following a failed ideology.

Did they ever elaborate on the "plans" they had made for the capital flight should they take power?

He is an evil man, him in power is truly terrifying.

[motco]

Trolleys Thank You said:

andymadmak said:

Trolleys Thank You said:

lol. Comedy post.

Are you able to point out the inaccuracies that you perceive it contains?

I could try, but every time I do we're just bombarded with more comedy replies.

The first sentence for example. "The shadow chancellor has said he wants to bring down capitalism." Pmsl. I'd love to see the evidence to back up that claim.

McDonnell's Who's Who entry said:

His Who's Who entry states that his life's purpose is to “foment the overthrow of capitalism”

Good enough squire?

[Johnnytheboy]

motco said:

McDonnell's Who's Who entry said:

His Who's Who entry states that his life's purpose is to “foment the overthrow of capitalism”

Good enough squire?

It certainly used to say ferment the overthrow of capitalism.

Mmmm, yeasty.

[Trolleys Thank You]

motco said:

Trolleys Thank You said:

andymadmak said:

Trolleys Thank You said:

lol. Comedy post.

Are you able to point out the inaccuracies that you perceive it contains?

I could try, but every time I do we're just bombarded with more comedy replies.

The first sentence for example. "The shadow chancellor has said he wants to bring down capitalism." Pmsl. I'd love to see the evidence to back up that claim.

McDonnell's Who's Who entry said:

His Who's Who entry states that his life's purpose is to “foment the overthrow of capitalism”

Good enough squire?

It's easy to take a few words out of context. A lot of his rhetoric is around reforming capitalism, something a lot of people agree with. Even Corbs himself says we still need capitalism. Socialism and Capitalism aren't two be and end all ideologies. We already have many socialist policies in this country which sit alongside the free market. The Labour movement today is about rebalancing that divide towards more traditional levels by this country's standards.

[Johnnytheboy]

Trolleys Thank You said:

The Labour movement today is about rebalancing that divide towards more traditional levels by this country's standards.

Well, it was until recently, anyway.

[threespires]

John McDonell. Shadow Chancellor
BBC News 27 April 2018.

"If you don't invest in your economy both in terms of Government investment and Business investment now stagnant. If you hold wages back and you allow households to get into this scale of debt, of course the economy will grind to a halt.
Manufacturing stagnant, construction going backwards, even retail now and the service sector not performing in the way it should do. We're falling behind our competitors because of Government policy, no other reason."

This seems fair enough to me. I'll be voting Labour at the forthcoming elections, they have the right idea. The way forward is to raise Corporation tax, make a minimum wage of £21,000 and then we will see an absolute boom in business and the UK leading the World again. Free bus passes for the few not the many, free student loans for the few not the many, nationalised railways to benefit the few not the many. Only Labour has the right policies to take the UK to prosperity following Brexit.

[Henners]

Marc Wadsworth has been expelled, only taken 22 months to decide...

[Trolleys Thank You]

Johnnytheboy said:

Trolleys Thank You said:

The Labour movement today is about rebalancing that divide towards more traditional levels by this country's standards.

Well, it was until recently, anyway.

I don't know. As others have pointed out in this thread, PFI and working tax credits have done nothing in that respect. If anything they've swung the pendulum the opposite way. One of the reasons "New Labour" has taken a hammering over recent years and a more traditional Labour party has emerged.

[Dr Jekyll]

Trolleys Thank You said:

McDonnell's Who's Who entry said:

His Who's Who entry states that his life's purpose is to “foment the overthrow of capitalism”

It's easy to take a few words out of context.

The context is his own description of his purpose.

[Sway]

Trolleys, do you really want the two videos posted again, of McDonnell not only saying he wants to bring down the capitalist system, but also that he's a Marxist?

Further - what infrastructure does Labour want to borrow to create? They've not mentioned any specific projects at all.

The borrowing was to increase salaries and numbers of public sector staff, and to place existing infrastructure back into public ownership - no mention of new infrastructure...

[wobert]

threespires said:

John McDonell. Shadow Chancellor
BBC News 27 April 2018.

"If you don't invest in your economy both in terms of Government investment and Business investment now stagnant. If you hold wages back and you allow households to get into this scale of debt, of course the economy will grind to a halt.
Manufacturing stagnant, construction going backwards, even retail now and the service sector not performing in the way it should do. We're falling behind our competitors because of Government policy, no other reason."

This seems fair enough to me. I'll be voting Labour at the forthcoming elections, they have the right idea. The way forward is to raise Corporation tax, make a minimum wage of £21,000 and then we will see an absolute boom in business and the UK leading the World again. Free bus passes for the few not the many, free student loans for the few not the many, nationalised railways to benefit the few not the many. Only Labour has the right policies to take the UK to prosperity following Brexit.

I work for a US company that manufactures in the UK.

We are far from being stagnant, 2017 t/o £80m vs £62m planned.

2018 t/o forecast at £100m.

We are so busy, the company has grown from 220 employee to 650 in the space of 3 years.

Our order book is full to capacity for the next 4 months....

Anything but stagnant....

[andymadmak]

threespires said:

John McDonell. Shadow Chancellor
BBC News 27 April 2018.

"If you don't invest in your economy both in terms of Government investment and Business investment now stagnant. If you hold wages back and you allow households to get into this scale of debt, of course the economy will grind to a halt.
Manufacturing stagnant, construction going backwards, even retail now and the service sector not performing in the way it should do. We're falling behind our competitors because of Government policy, no other reason."

This seems fair enough to me. I'll be voting Labour at the forthcoming elections, they have the right idea. The way forward is to raise Corporation tax, make a minimum wage of £21,000 and then we will see an absolute boom in business and the UK leading the World again. Free bus passes for the few not the many, free student loans for the few not the many, nationalised railways to benefit the few not the many. Only Labour has the right policies to take the UK to prosperity following Brexit.

You are easily hoodwinked.

What Labour calls "investment" is little more than giving money to core supporters and others it hope to make dependant on the state. Raising Corporation tax is the way to get business to invest? A 21k minimum wage won't lead to rampant price inflation? ( plus, likely as not more unemployment and greater barriers to young people finding work)
How do higher business taxes translate into growing business?

[Troubleatmill]

threespires said:

John McDonell. Shadow Chancellor
BBC News 27 April 2018.

"If you don't invest in your economy both in terms of Government investment and Business investment now stagnant. If you hold wages back and you allow households to get into this scale of debt, of course the economy will grind to a halt.
Manufacturing stagnant, construction going backwards, even retail now and the service sector not performing in the way it should do. We're falling behind our competitors because of Government policy, no other reason."

This seems fair enough to me. I'll be voting Labour at the forthcoming elections, they have the right idea. The way forward is to raise Corporation tax, make a minimum wage of £21,000 and then we will see an absolute boom in business and the UK leading the World again. Free bus passes for the few not the many, free student loans for the few not the many, nationalised railways to benefit the few not the many. Only Labour has the right policies to take the UK to prosperity following Brexit.

threespires said:

The way forward is to raise Corporation tax.

It has been proven that :
-every time corporation tax percentage is raised - it brings in less money.
-every time corporation tax percentage is lowered - it brings in more money.

So - if you want the treasury to have more corporation tax monies paid in - you need to lower the rate of corporation tax.
If you raise the rate - you will get less money.


Unfortunately most of the political parties focus on the percentage rather than the monetary amount raised.

[Justayellowbadge]

andymadmak said:

threespires said:

John McDonell. Shadow Chancellor
BBC News 27 April 2018.

"If you don't invest in your economy both in terms of Government investment and Business investment now stagnant. If you hold wages back and you allow households to get into this scale of debt, of course the economy will grind to a halt.
Manufacturing stagnant, construction going backwards, even retail now and the service sector not performing in the way it should do. We're falling behind our competitors because of Government policy, no other reason."

This seems fair enough to me. I'll be voting Labour at the forthcoming elections, they have the right idea. The way forward is to raise Corporation tax, make a minimum wage of £21,000 and then we will see an absolute boom in business and the UK leading the World again. Free bus passes for the few not the many, free student loans for the few not the many, nationalised railways to benefit the few not the many. Only Labour has the right policies to take the UK to prosperity following Brexit.

You are easily hoodwinked.

What Labour calls "investment" is little more than giving money to core supporters and others it hope to make dependant on the state. Raising Corporation tax is the way to get business to invest? A 21k minimum wage won't lead to rampant price inflation? ( plus, likely as not more unemployment and greater barriers to young people finding work)
How do higher business taxes translate into growing business?

You actually took his post seriously?

[andy_s]

Troubleatmill said:

threespires said:

John McDonell. Shadow Chancellor
BBC News 27 April 2018.

"If you don't invest in your economy both in terms of Government investment and Business investment now stagnant. If you hold wages back and you allow households to get into this scale of debt, of course the economy will grind to a halt.
Manufacturing stagnant, construction going backwards, even retail now and the service sector not performing in the way it should do. We're falling behind our competitors because of Government policy, no other reason."

This seems fair enough to me. I'll be voting Labour at the forthcoming elections, they have the right idea. The way forward is to raise Corporation tax, make a minimum wage of £21,000 and then we will see an absolute boom in business and the UK leading the World again. Free bus passes for the few not the many, free student loans for the few not the many, nationalised railways to benefit the few not the many. Only Labour has the right policies to take the UK to prosperity following Brexit.

threespires said:

The way forward is to raise Corporation tax.

It has been proven that :
-every time corporation tax percentage is raised - it brings in less money.
-every time corporation tax percentage is lowered - it brings in more money.

So - if you want the treasury to have more corporation tax monies paid in - you need to lower the rate of corporation tax.
If you raise the rate - you will get less money.


Unfortunately most of the political parties focus on the percentage rather than the monetary amount raised.

The parties know this, however a Marxist Momentum Labour govt. dropping Corp Tax to 10% wouldn't sit well with the fan base, the SNP were on a similar dilemma during the independence question, chose to live in the fantasy of a volatile commodity income stream instead of doing something sustainable that was against 'principle'.

It'd be really nice to see a pragmatic govt., but I guess that would need a pragmatic electorate...