Hamann Pineapple
Well-Known Member
Labour if elected WILL ruin the economy
Could you explain to me how you have reached this prophetic conclusion ?
Labour if elected WILL ruin the economy
not enough people in the UK for it to make a jot of difference. Why do you think Blair opened the floodgates?Let hope so!
The problem though Len is what to do about it? (If I accept what you say, which to be honest I probably don't).
Labour if elected WILL ruin the economy and make everyone worse off for years. So that's your choice: Tories as per your description, or ruin the economy and make everyone worse off. Take your pick.
Could you explain to me how you have reached this prophetic conclusion ?
Was just talking to the wife about May's latest attack on us oldsters and guess what, a Tory canvasser knocked on the door. Well we gave the **** both barrels as he stood there agreeing with everything we said and was just glad to get away with his pants still on. Ha!. From what I hear I can see some of this being watered down or kicked into the long grass in the next two weeks.
Two very simple ways.
1. History. They always have, always do. The only thing that varies is how left wing any particular Labour government is, and therefore how long it takes. Blair was not very left, so it took him and Brown a decade or so. Previous Labour PM's have ruined the economy much more swiftly.
2. Logic. You can only spend on public services what you can afford, i.e. what you take in tax receipts. Yes you can go overdrawn in the short term by borrowing, but in the end you have to earn what you spend. And you do not increase the amount of tax take by burdening the economy with higher tax rates. Businesses paying 27% corporation tax will have less money to hire people and to invest in new equipment, marketing etc. Their products and services will cost more and they will be less competitive. They will do less well. The economy will grow more slowly. It can never be a good thing to take more money off people and organisations, waste loads of it through typical government inefficiency and cock up. This is Labour in a nutshell.
The aims and aspirations of Labour may all be very admirable, but the reality is, Labour does not work. What DOES work, is reducing red tape and employment costs, reducing taxes, creating and sustaining an environment for business to thrive. Businesses then make more profits, give people better pay rises, people with more money in their pockets and more confidence in their futures spend more. The economy grows swiftly. Tax receipts accelerate. This WORKS, as proven time and time and time again.
Two very simple ways.
1. History. They always have, always do. The only thing that varies is how left wing any particular Labour government is, and therefore how long it takes. Blair was not very left, so it took him and Brown a decade or so. Previous Labour PM's have ruined the economy much more swiftly.
2. Logic. You can only spend on public services what you can afford, i.e. what you take in tax receipts. Yes you can go overdrawn in the short term by borrowing, but in the end you have to earn what you spend. And you do not increase the amount of tax take by burdening the economy with higher tax rates. Businesses paying 27% corporation tax will have less money to hire people and to invest in new equipment, marketing etc. Their products and services will cost more and they will be less competitive. They will do less well. The economy will grow more slowly. It can never be a good thing to take more money off people and organisations, waste loads of it through typical government inefficiency and cock up. This is Labour in a nutshell. (I might add that loads of businesses would be tempted leave the UK if we were to raise corporation tax that high as well. The very last thing we need right now with businesses reviewing their strategy post-brexit.)
The aims and aspirations of Labour may all be very admirable, but the reality is, Labour does not work. What DOES work, is reducing red tape and employment costs, reducing taxes, creating and sustaining an environment for business to thrive. Businesses then make more profits, give people better pay rises, people with more money in their pockets and more confidence in their futures spend more. The economy grows swiftly. Tax receipts accelerate. This WORKS, as proven time and time and time again.
Two very simple ways.
1. History. They always have, always do. The only thing that varies is how left wing any particular Labour government is, and therefore how long it takes. Blair was not very left, so it took him and Brown a decade or so. Previous Labour PM's have ruined the economy much more swiftly.
2. Logic. You can only spend on public services what you can afford, i.e. what you take in tax receipts. Yes you can go overdrawn in the short term by borrowing, but in the end you have to earn what you spend. And you do not increase the amount of tax take by burdening the economy with higher tax rates. Businesses paying 27% corporation tax will have less money to hire people and to invest in new equipment, marketing etc. Their products and services will cost more and they will be less competitive. They will do less well. The economy will grow more slowly. It can never be a good thing to take more money off people and organisations, waste loads of it through typical government inefficiency and cock up. This is Labour in a nutshell. (I might add that loads of businesses would be tempted leave the UK if we were to raise corporation tax that high as well. The very last thing we need right now with businesses reviewing their strategy post-brexit.)
The aims and aspirations of Labour may all be very admirable, but the reality is, Labour does not work. What DOES work, is reducing red tape and employment costs, reducing taxes, creating and sustaining an environment for business to thrive. Businesses then make more profits, give people better pay rises, people with more money in their pockets and more confidence in their futures spend more. The economy grows swiftly. Tax receipts accelerate. This WORKS, as proven time and time and time again.
I am not saying it was all good but I am saying it was a 50/50 split of Labour and Tory Govts that those extremes happened under - also I doubt that electing a Labour Govt in 2017 would reintroduce 70's industrial relations
Despite them wanting to renationalise industries and hand centralised monopoly power back to politicised twats such as the rail unions? Unions whose members are very comfortable, thank you very much, but who give not a diddly fcuk about customer service and will happily disrupt everyone in pursuit of their latest manufactured "cause". No thanks pal.
You seem to follow the belief that the economy will work for some as long as many remain poor. You also seem oblivious to Tory borrowing.
That's Labour's problem. "For the many not the few" (with its echo of post Peterloo revolutionary fervour) doesn't work if too many consider themselves part of the few (and have no problem with vast disparity of wealth). Plus the Tories have done an awful lot of work to make sure the poor are kept on the move and don't vote, the bedroom tax, benefit cap, no housing benefit for young people.
So someone goes for a well paid, highly qualified job, then finds they are supposed to get it by becoming self employed by setting up their own company and "contracting" so the "employer" can avoid National Insurance. It beggars belief that people would prefer that sort of "choice" to a proper job under a benevolent employer (or at least one where the unions could negotiate some of that benevolence). You really have no idea of how much you now take for granted - all the
"Things like holiday/maternity/paternity/sick pay" - came about because of the unions. Trade Unions - the people that gave you the weekend.
As for rubbish lying uncollected in the 70s, just wow. A few places with mounds of rubbish for a few weeks. Unlike now, where thanks to the Tories' ideological austerity cuts to councils, uncollected rubbish is everywhere (maybe not in Surrey thanks to May's secret corrupt deal with the Tory council).
Who would have thought it, MI5 opened a file on Jeremy Corbyn in the 90s due to his links to one of the IRA Balcombe Street gang who waged a murderous bombing campaign across south east England, they also opened a file on his links to the bomb maker who constructed the Regents Park and Hyde Park devices
Clearly a man to run the country, forward with Jeremy, For The Many, Not The Few
<<<Head in hands>>>.
Despite them wanting to renationalise industries and hand centralised monopoly power back to politicised twats such as the rail unions? Unions whose members are very comfortable, thank you very much, but who give not a diddly fcuk about customer service and will happily disrupt everyone in pursuit of their latest manufactured "cause". No thanks pal.
Thankyou for your explanation, you have displayed your knowledge clearly.What is this "Tory borrowing" of which you speak? The borrowing was about £180bn per annum when the Tories took over and they've managed to reduce it to a quarter of that. Deeper cuts would have eliminated it by now, but that would have been even more painful. Labour has objected to the level of cuts we've had already, so are in no position to criticize.
And regards your first point sentence, just no. I want *everyone* to be better off, as all Tories do. I just disagree with Labour about how best to achieve that. We do not achieve it by burdening the economy with too much tax to try to pay for services we could not yet afford.
The Thatcher years and policies did more to destroy UK manufacturing industry than Labour ever did - more closures and more jobs gone never to return under her time than any body elses. BAE Chadderton was functioning in about 2011 still wasn't it? That was when my Dad left I am sure...... was that under a Labour Govt?
<<<Head in hands>>>.