General Election June 8th

[Chippy_boy]

Labour will try to tax the rich. The rich will move or avoid the tax (as paying to do so will be cheaper than their new tax rate) and we'll end up taking less in tax from them. Because we're now bring in less tax (despite the higher rates - fancy that?!), they'll have to increase the taxes on the next most rich, and so on and so on, until the people they're hitting with increases have no means to not pay it.

AND they'd borrow like mad and let debt spiral, AND not have sufficient funds to do most of the things they've committed to.

 

[vonkeynotvenky]

I don't think they'll get in.

If they were to get in, I honestly don't know which form of "diabolical" would ensue. It could take a number of forms. What is clear is that their taxation plans would not raise anything like enough money, not by half.

So they could choose not deliver the majority of spending commitments they've made. Or they could push up borrowing and our debt much higher and abandon any hope of getting it under control in the next decade, with grave consequences for our credit rating and cost of borrowing. Or they could renege on their pledge not to increase taxes on the many.

They'd have to do one or more of the above. My suspicion is they would actually do all three. They'd probably try more stealth taxes, like increasing tax on airfares and other things and announce tax changes 1 year out so that when they are announced, people aren't so upset because its a year away, and when it actually comes in people have forgotten. They'd perhaps lower the 40% threshold. They'd run up debt, certainly. And probably have to bin the privatisation plans.

We do know that manifestos don't have to be honoured and both the incumbent party and the party in waiting can be very economical with the truth. We're living in a political salesroom and every candidate has shiny teeth and a new lie to spin to get you to sign their HP agreement with no cooling off period.

 

[mekonmcfc]

AND they'd borrow like mad and let debt spiral, AND not have sufficient funds to do most of the things they've committed to.

Lets hope it never happens then !!!!

 

[tshirtman]

I see Teresa May has gone hiding again, all other European leaders have sent letters of concern to Trump regarding the Paris accord,
May says nothing!

Anyone who thinks this weak and feeble woman can get a good Brexit deal are deluded.

 

[Magicpole]

AND they'd borrow like mad and let debt spiral, AND not have sufficient funds to do most of the things they've committed to.

Are you forgetting the Tories have racked up more debt that any labour gov ever?

You are aware of that I hope?

They are a disaster.

 

[The perfect fumble]

So how the UK's tax compares to that of Germany, Spain, Italy, Belgium, Holland, Hungary etc, is not worth considering.

That really is priceless and a new low for your already desperate arguments. I sense you are on an 8-count and staggering around the ring.

Income tax is but one tax amongst others, there is VAT and various sales tax, inheritance, stamp duty, fuel duty, taxes on fags and drink etc, etc, etc the list goes on. To begin to work out valid comparisons you have to calculate the mix, the effect this mixture of taxes has on the average man or woman in the street and how regressive these taxes are. It's possible to have a frontline low rate of income tax but a whole bunch of regressive taxes that hide the real tax burden. When you've done that you have to work out what that tax is spent on, the outcomes....Such as health, education, transport, police and so on and importantly what money is left after tax and how much is it worth? Say against a basket of groceries or to rent a flat, buy a house, fill the car.

When you have that kind of data you are in the suburbs of a meaningful comparison, go away and get that.

Otherwise leave me alone.

 

[Metal Biker]

Well, it's a good thing for you then that socialism isn't on offer in this election.

You should tell the youngsters that then on facebook and twitter, because that's the rhetoric they're using.

In my workplace they believe Corbyn is going to bring about socialism, too.

 

[The perfect fumble]

You should tell the youngsters that then on facebook and twitter, because that's the rhetoric they're using.

In my workplace they believe Corbyn is going to bring about socialism, too.

They're going to be disappointed on two counts.

 

[willipp]

Are you forgetting the Tories have racked up more debt that any labour gov ever?

You are aware of that I hope?

They are a disaster.

Surely not, reading this thread you would think the defecit had been wiped out and the economy was thriving.

 

[Chippy_boy]

Income tax is but one tax amongst others, there is VAT and various sales tax, inheritance, stamp duty, fuel duty, taxes on fags and drink etc, etc, etc the list goes on. To begin to work out valid comparisons you have to calculate the mix, the effect this mixture of taxes has on the average man or woman in the street and how regressive these taxes are. It's possible to have a frontline low rate of income tax but a whole bunch of regressive taxes that hide the real tax burden. When you've done that you have to work out what that tax is spent on, the outcomes....Such as health, education, transport, police and so on and importantly what money is left after tax and how much is it worth? Say against a basket of groceries or to rent a flat, buy a house, fill the car.

When you have that kind of data you are in the suburbs of a meaningful comparison, go away and get that.

Otherwise leave me alone.

I think it would have been a lot more honest and noble of you to just say, "OK fair point", instead of all that crap.