CV19 - Cure worse than the disease? (Vol 10)
Discussion
ant1973 said:
p1stonhead said:
ant1973 said:
The increases unveiled by Rishi Sunak will bring the UK tax burden up to levels not seen for half a century, according to a report from the Office for Budget Responsibility that was issued alongside the Budget.
The OBR report said: “The tax rises announced in this Budget increase the tax burden from 34.0 per cent to 35.0 per cent of GDP in 2025-26, its highest level since Roy Jenkins was chancellor in the late 1960s.”
It said that half of the increase was due to the 6 percentage point increase in the corporation tax rate to 25 per cent.
Jenkins was chancellor from 1967 to 1970 in the Labour government of Harold Wilson.
https://www.ft.com/content/7ab638c8-d5f7-4e42-a786...
No biggie, I guess...
How did you expect this to be paid for?The OBR report said: “The tax rises announced in this Budget increase the tax burden from 34.0 per cent to 35.0 per cent of GDP in 2025-26, its highest level since Roy Jenkins was chancellor in the late 1960s.”
It said that half of the increase was due to the 6 percentage point increase in the corporation tax rate to 25 per cent.
Jenkins was chancellor from 1967 to 1970 in the Labour government of Harold Wilson.
https://www.ft.com/content/7ab638c8-d5f7-4e42-a786...
No biggie, I guess...
The rises for self employed seem quite reasonable to me (and I’ll suffer some of them myself).
It doesn’t kick in to anyone unless they’re making £50k profits....
p1stonhead said:
You want poorer people to pay more?
It doesn’t kick in to anyone unless they’re making £50k profits....
The idea that any chancellor of any party would design a budget to shut mythical Karen up is laughable. We are in uncharted waters and I think we will have to see further rises over the next few years, we still don’t understand what short to medium term impact Brexit will have and on that basis the CT rise is a concern. It doesn’t kick in to anyone unless they’re making £50k profits....
p1stonhead said:
ant1973 said:
p1stonhead said:
ant1973 said:
The increases unveiled by Rishi Sunak will bring the UK tax burden up to levels not seen for half a century, according to a report from the Office for Budget Responsibility that was issued alongside the Budget.
The OBR report said: “The tax rises announced in this Budget increase the tax burden from 34.0 per cent to 35.0 per cent of GDP in 2025-26, its highest level since Roy Jenkins was chancellor in the late 1960s.”
It said that half of the increase was due to the 6 percentage point increase in the corporation tax rate to 25 per cent.
Jenkins was chancellor from 1967 to 1970 in the Labour government of Harold Wilson.
https://www.ft.com/content/7ab638c8-d5f7-4e42-a786...
No biggie, I guess...
How did you expect this to be paid for?The OBR report said: “The tax rises announced in this Budget increase the tax burden from 34.0 per cent to 35.0 per cent of GDP in 2025-26, its highest level since Roy Jenkins was chancellor in the late 1960s.”
It said that half of the increase was due to the 6 percentage point increase in the corporation tax rate to 25 per cent.
Jenkins was chancellor from 1967 to 1970 in the Labour government of Harold Wilson.
https://www.ft.com/content/7ab638c8-d5f7-4e42-a786...
No biggie, I guess...
The rises for self employed seem quite reasonable to me (and I’ll suffer some of them myself).
It doesn’t kick in to anyone unless they’re making £50k profits....
ant1973 said:
p1stonhead said:
ant1973 said:
p1stonhead said:
ant1973 said:
The increases unveiled by Rishi Sunak will bring the UK tax burden up to levels not seen for half a century, according to a report from the Office for Budget Responsibility that was issued alongside the Budget.
The OBR report said: “The tax rises announced in this Budget increase the tax burden from 34.0 per cent to 35.0 per cent of GDP in 2025-26, its highest level since Roy Jenkins was chancellor in the late 1960s.”
It said that half of the increase was due to the 6 percentage point increase in the corporation tax rate to 25 per cent.
Jenkins was chancellor from 1967 to 1970 in the Labour government of Harold Wilson.
https://www.ft.com/content/7ab638c8-d5f7-4e42-a786...
No biggie, I guess...
How did you expect this to be paid for?The OBR report said: “The tax rises announced in this Budget increase the tax burden from 34.0 per cent to 35.0 per cent of GDP in 2025-26, its highest level since Roy Jenkins was chancellor in the late 1960s.”
It said that half of the increase was due to the 6 percentage point increase in the corporation tax rate to 25 per cent.
Jenkins was chancellor from 1967 to 1970 in the Labour government of Harold Wilson.
https://www.ft.com/content/7ab638c8-d5f7-4e42-a786...
No biggie, I guess...
The rises for self employed seem quite reasonable to me (and I’ll suffer some of them myself).
It doesn’t kick in to anyone unless they’re making £50k profits....
But those with the most should help take most of the burden. That’s how tax works anyway
Edited by p1stonhead on Wednesday 3rd March 18:21
Graveworm said:
a) We have polls to show public opinion from several agencies, they all show very strong support for the restrictions at a level that is well outside their margin for error and would need them to be out by an order of magnitude more than they have ever been. None have shown lack of support, despite them also showing low satisfaction in the government themselves. Even within those who don't support the measures, a significant number said they do so because they believe they don't go far enough. So I can say broadly supported by the majority.
b) I agree and history shows us this but they haven't passed laws that change the basis of democracy. Democracy is government by elected representatives in free and fair elections. If they stop you voting them out or standing for parliament then that's undemocratic.
c) They may have but that is what governments do. I don't believe they have passed any laws to limit what the media can say.
d) Bad actions by wicked democratically governments are exactly that. Saying something is democratic doesn't get them a free pass and that's a straw man. They should be held to account, but it's not the same as saying it's undemocratic.
I think the issue with public opinion is its coming off the back of a censorship and behavioural moulding program not seen outside of movies.b) I agree and history shows us this but they haven't passed laws that change the basis of democracy. Democracy is government by elected representatives in free and fair elections. If they stop you voting them out or standing for parliament then that's undemocratic.
c) They may have but that is what governments do. I don't believe they have passed any laws to limit what the media can say.
d) Bad actions by wicked democratically governments are exactly that. Saying something is democratic doesn't get them a free pass and that's a straw man. They should be held to account, but it's not the same as saying it's undemocratic.
p1stonhead said:
ant1973 said:
p1stonhead said:
ant1973 said:
p1stonhead said:
ant1973 said:
The increases unveiled by Rishi Sunak will bring the UK tax burden up to levels not seen for half a century, according to a report from the Office for Budget Responsibility that was issued alongside the Budget.
The OBR report said: “The tax rises announced in this Budget increase the tax burden from 34.0 per cent to 35.0 per cent of GDP in 2025-26, its highest level since Roy Jenkins was chancellor in the late 1960s.”
It said that half of the increase was due to the 6 percentage point increase in the corporation tax rate to 25 per cent.
Jenkins was chancellor from 1967 to 1970 in the Labour government of Harold Wilson.
https://www.ft.com/content/7ab638c8-d5f7-4e42-a786...
No biggie, I guess...
How did you expect this to be paid for?The OBR report said: “The tax rises announced in this Budget increase the tax burden from 34.0 per cent to 35.0 per cent of GDP in 2025-26, its highest level since Roy Jenkins was chancellor in the late 1960s.”
It said that half of the increase was due to the 6 percentage point increase in the corporation tax rate to 25 per cent.
Jenkins was chancellor from 1967 to 1970 in the Labour government of Harold Wilson.
https://www.ft.com/content/7ab638c8-d5f7-4e42-a786...
No biggie, I guess...
The rises for self employed seem quite reasonable to me (and I’ll suffer some of them myself).
It doesn’t kick in to anyone unless they’re making £50k profits....
But those with the most should help take most of the burden. That’s how tax works anyway
This is a mess of the government's making - biggest fall in GDP and near the top of the death league.
Every penny of increased tax will be a penny of expenditure I forgo - they can do one.
ant1973 said:
p1stonhead said:
ant1973 said:
p1stonhead said:
ant1973 said:
p1stonhead said:
ant1973 said:
The increases unveiled by Rishi Sunak will bring the UK tax burden up to levels not seen for half a century, according to a report from the Office for Budget Responsibility that was issued alongside the Budget.
The OBR report said: “The tax rises announced in this Budget increase the tax burden from 34.0 per cent to 35.0 per cent of GDP in 2025-26, its highest level since Roy Jenkins was chancellor in the late 1960s.”
It said that half of the increase was due to the 6 percentage point increase in the corporation tax rate to 25 per cent.
Jenkins was chancellor from 1967 to 1970 in the Labour government of Harold Wilson.
https://www.ft.com/content/7ab638c8-d5f7-4e42-a786...
No biggie, I guess...
How did you expect this to be paid for?The OBR report said: “The tax rises announced in this Budget increase the tax burden from 34.0 per cent to 35.0 per cent of GDP in 2025-26, its highest level since Roy Jenkins was chancellor in the late 1960s.”
It said that half of the increase was due to the 6 percentage point increase in the corporation tax rate to 25 per cent.
Jenkins was chancellor from 1967 to 1970 in the Labour government of Harold Wilson.
https://www.ft.com/content/7ab638c8-d5f7-4e42-a786...
No biggie, I guess...
The rises for self employed seem quite reasonable to me (and I’ll suffer some of them myself).
It doesn’t kick in to anyone unless they’re making £50k profits....
But those with the most should help take most of the burden. That’s how tax works anyway
This is a mess of the government's making - biggest fall in GDP and near the top of the death league.
Every penny of increased tax will be a penny of expenditure I forgo - they can do one.
Those who will be affected by it least should give the most.
p1stonhead said:
Everyone will ultimate out. A lot of those furloughed jobs aren’t coming back so they’ll be out on their arses.
But those with the most should help take most of the burden. That’s how tax works anyway
We already doBut those with the most should help take most of the burden. That’s how tax works anyway
https://assets.publishing.service.gov.uk/governmen...
75% of income tax is paid by the top 50% of earners.
12% is paid by the top 1% of earners.
p1stonhead said:
ant1973 said:
p1stonhead said:
ant1973 said:
p1stonhead said:
ant1973 said:
p1stonhead said:
ant1973 said:
The increases unveiled by Rishi Sunak will bring the UK tax burden up to levels not seen for half a century, according to a report from the Office for Budget Responsibility that was issued alongside the Budget.
The OBR report said: “The tax rises announced in this Budget increase the tax burden from 34.0 per cent to 35.0 per cent of GDP in 2025-26, its highest level since Roy Jenkins was chancellor in the late 1960s.”
It said that half of the increase was due to the 6 percentage point increase in the corporation tax rate to 25 per cent.
Jenkins was chancellor from 1967 to 1970 in the Labour government of Harold Wilson.
https://www.ft.com/content/7ab638c8-d5f7-4e42-a786...
No biggie, I guess...
How did you expect this to be paid for?The OBR report said: “The tax rises announced in this Budget increase the tax burden from 34.0 per cent to 35.0 per cent of GDP in 2025-26, its highest level since Roy Jenkins was chancellor in the late 1960s.”
It said that half of the increase was due to the 6 percentage point increase in the corporation tax rate to 25 per cent.
Jenkins was chancellor from 1967 to 1970 in the Labour government of Harold Wilson.
https://www.ft.com/content/7ab638c8-d5f7-4e42-a786...
No biggie, I guess...
The rises for self employed seem quite reasonable to me (and I’ll suffer some of them myself).
It doesn’t kick in to anyone unless they’re making £50k profits....
But those with the most should help take most of the burden. That’s how tax works anyway
This is a mess of the government's making - biggest fall in GDP and near the top of the death league.
Every penny of increased tax will be a penny of expenditure I forgo - they can do one.
Those who will be affected by it least should give the most.
ant1973 said:
p1stonhead said:
ant1973 said:
p1stonhead said:
ant1973 said:
p1stonhead said:
ant1973 said:
p1stonhead said:
ant1973 said:
The increases unveiled by Rishi Sunak will bring the UK tax burden up to levels not seen for half a century, according to a report from the Office for Budget Responsibility that was issued alongside the Budget.
The OBR report said: “The tax rises announced in this Budget increase the tax burden from 34.0 per cent to 35.0 per cent of GDP in 2025-26, its highest level since Roy Jenkins was chancellor in the late 1960s.”
It said that half of the increase was due to the 6 percentage point increase in the corporation tax rate to 25 per cent.
Jenkins was chancellor from 1967 to 1970 in the Labour government of Harold Wilson.
https://www.ft.com/content/7ab638c8-d5f7-4e42-a786...
No biggie, I guess...
How did you expect this to be paid for?The OBR report said: “The tax rises announced in this Budget increase the tax burden from 34.0 per cent to 35.0 per cent of GDP in 2025-26, its highest level since Roy Jenkins was chancellor in the late 1960s.”
It said that half of the increase was due to the 6 percentage point increase in the corporation tax rate to 25 per cent.
Jenkins was chancellor from 1967 to 1970 in the Labour government of Harold Wilson.
https://www.ft.com/content/7ab638c8-d5f7-4e42-a786...
No biggie, I guess...
The rises for self employed seem quite reasonable to me (and I’ll suffer some of them myself).
It doesn’t kick in to anyone unless they’re making £50k profits....
But those with the most should help take most of the burden. That’s how tax works anyway
This is a mess of the government's making - biggest fall in GDP and near the top of the death league.
Every penny of increased tax will be a penny of expenditure I forgo - they can do one.
Those who will be affected by it least should give the most.
soofsayer said:
We already do
https://assets.publishing.service.gov.uk/governmen...
75% of income tax is paid by the top 50% of earners.
12% is paid by the top 1% of earners.
That's earnings not tax the tax burden is much higher than that.https://assets.publishing.service.gov.uk/governmen...
75% of income tax is paid by the top 50% of earners.
12% is paid by the top 1% of earners.
The top 50 percent earn 75% but pay over 90 percent.
The top 1% earn 12% but pay 27% of all income tax.
43% of adults pay no income tax at all. So those figures only represent the remainder; any income tax increases only directly impact 57 percent of adults.
Edited by Graveworm on Wednesday 3rd March 18:54
djc206 said:
johnboy1975 said:
So let them trade freely?
Re Aviation I agree. Targeted furlough.
Furlough for all means, as I understand it, if your work drops off seasonally in the summer to 50% (as it might in certain industries every summer), you can furlough 50% of your staff for a 3 month holiday. Indeed, if you dont, your competitors gain an advantage, so you are practically 'forced' to
Well yes letting them trade freely would be the sensible thing but that’s not the path the government have chosen so the country still needs the CJRS.Re Aviation I agree. Targeted furlough.
Furlough for all means, as I understand it, if your work drops off seasonally in the summer to 50% (as it might in certain industries every summer), you can furlough 50% of your staff for a 3 month holiday. Indeed, if you dont, your competitors gain an advantage, so you are practically 'forced' to
Which industries die a death in summer? Serious question btw I’m not being flippant.
Plus you must get 1000s of people working in a smallish office who take paid/unpaid time off over summer to look after kids etc. If the company were minded, and provided they could do it fairly, they could just use furlough.
Spin it around, why should an engineering firm or solicitors (or one of a vast number of trades that has been able to operate pretty much throughout) qualify for furlough over a year after covid hit, and a good month since the NHS ceased to be in danger. Then add another 6 months. Doesn't make sense to me?
And to add re furlough, the idea of furlough AIUI is to protect well skilled jobs where there would be difficulty in finding suitable candidates if starting from scratch. (So pilots and the like - fine). Wheras it seems to be being used much more generally to hide the jobless figures, and to pay these people way more than JSA. There's not going to be a shortage of applicants for bar work (one post attracted over 1000 applicants) so I guess I question the implementation of it in general.
Graveworm said:
soofsayer said:
We already do
https://assets.publishing.service.gov.uk/governmen...
75% of income tax is paid by the top 50% of earners.
12% is paid by the top 1% of earners.
That's earnings not tax the tax burden is much higher than that.https://assets.publishing.service.gov.uk/governmen...
75% of income tax is paid by the top 50% of earners.
12% is paid by the top 1% of earners.
The top 50 percent earn 75% but pay over 90 percent.
The top 1% earn 12% but pay 27% of all income tax.
43% of adults pay no income tax at all. So those figures only represent the remainder; any income tax increases only directly impact 57 percent of adults.
Edited by Graveworm on Wednesday 3rd March 18:54
grumbledoak said:
Zoobeef said:
I just won't be voting. Whoever gets in, who gives a fk.
This is the only thing they will notice. If we all stop pretending that our vote matters they will have to stop pretending they have a mandate.I've always voted Tory because I think they're the best of a bad bunch.
I used to work with a bloke who said he didn't vote as he had no confidence in any party. He said there should be an option on the ballot paper of "No Confidence." I told him he could spoil his ballot paper which I believe is counted.
Anyway he once told me that the best thing the country could do to send a clear message to the establishment that none of them are worth the vote is for no one to vote. Not one single person.
I now think he was right.
I really do feel politically at sea. If I vote in May it will be for an independent or no one. I doubt I will vote mainstream again. If I vote at the next GE it will probably be for either whatever vehicle Farage is piloting at the time or Fox.
Thin White Duke said:
grumbledoak said:
Zoobeef said:
I just won't be voting. Whoever gets in, who gives a fk.
This is the only thing they will notice. If we all stop pretending that our vote matters they will have to stop pretending they have a mandate.I've always voted Tory because I think they're the best of a bad bunch.
I used to work with a bloke who said he didn't vote as he had no confidence in any party. He said there should be an option on the ballot paper of "No Confidence." I told him he could spoil his ballot paper which I believe is counted.
Anyway he once told me that the best thing the country could do to send a clear message to the establishment that none of them are worth the vote is for no one to vote. Not one single person.
I now think he was right.
I really do feel politically at sea. If I vote in May it will be for an independent or no one. I doubt I will vote mainstream again. If I vote at the next GE it will probably be for either whatever vehicle Farage is piloting at the time or Fox.
Thin White Duke said:
grumbledoak said:
Zoobeef said:
I just won't be voting. Whoever gets in, who gives a fk.
This is the only thing they will notice. If we all stop pretending that our vote matters they will have to stop pretending they have a mandate.I've always voted Tory because I think they're the best of a bad bunch.
I used to work with a bloke who said he didn't vote as he had no confidence in any party. He said there should be an option on the ballot paper of "No Confidence." I told him he could spoil his ballot paper which I believe is counted.
Anyway he once told me that the best thing the country could do to send a clear message to the establishment that none of them are worth the vote is for no one to vote. Not one single person.
I now think he was right.
I really do feel politically at sea. If I vote in May it will be for an independent or no one. I doubt I will vote mainstream again. If I vote at the next GE it will probably be for either whatever vehicle Farage is piloting at the time or Fox.
Unless literally (almost) everyone spoiled their vote or didn't vote, but I cant see that happening. What was the film about it, something like "none of the above"? (Any good?)
I'm not so much angry about the 400b spent, I'm angry at what it hasn't been spent on over the past 10 years because "we can't afford it". (Prescriptions, NHS pay rises, University grants to name but 3, at least 2 of those Scotland somehow find the money for). Leaving the EU was span as an extra 10b via not paying our subs. Someone mentioned the tooing and froing about spending 80b on HS2. Its all been dwarfed by covid.
Thin White Duke said:
...
Anyway he once told me that the best thing the country could do to send a clear message to the establishment that none of them are worth the vote is for no one to vote. Not one single person.
I now think he was right.
I really do feel politically at sea. If I vote in May it will be for an independent or no one. I doubt I will vote mainstream again. If I vote at the next GE it will probably be for either whatever vehicle Farage is piloting at the time or Fox.
Yup.Anyway he once told me that the best thing the country could do to send a clear message to the establishment that none of them are worth the vote is for no one to vote. Not one single person.
I now think he was right.
I really do feel politically at sea. If I vote in May it will be for an independent or no one. I doubt I will vote mainstream again. If I vote at the next GE it will probably be for either whatever vehicle Farage is piloting at the time or Fox.
I remember one female Labour MP on video pissing herself laughing at Corbyn’s loss. Win or lose, they don’t care. By playing the game we accept the rules and the consequences.
We’ve already seen what they’ll do with Farage.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff