Keynes understood this, the more you tax profits and dividends, the more likely companies are to reinvest to duck the tax.Don't understand the bankers bonuses and not taxing the big energy companies. Does she really think they just invest all these excess profits into our economy? Rather than pay it out in dividends to shareholders and pension funds worldwide. Also cutting stamp duty will just pour petrol on the rise in housing costs. Aside from not raising corporation tax for S and M busineses which is a good thing. She appears to have very limited understanding of how our economy works.
Don't understand the bankers bonuses and not taxing the big energy companies. Does she really think they just invest all these excess profits into our economy? Rather than pay it out in dividends to shareholders and pension funds worldwide. Also cutting stamp duty will just pour petrol on the rise in housing costs. Aside from not raising corporation tax for S and M busineses which is a good thing. She appears to have very limited understanding of how our economy works.
Don't understand the bankers bonuses and not taxing the big energy companies. Does she really think they just invest all these excess profits into our economy? Rather than pay it out in dividends to shareholders and pension funds worldwide. Also cutting stamp duty will just pour petrol on the rise in housing costs. Aside from not raising corporation tax for S and M busineses which is a good thing. She appears to have very limited understanding of how our economy works.
Rishi is MP for Richmond, in the heartland of North Yorkshire. If they didn't like him up there . . . . . . !They voted for Truss because the alternative was to elect a person of colour to the leadership of their party.
Don't understand the bankers bonuses and not taxing the big energy companies. Does she really think they just invest all these excess profits into our economy? Rather than pay it out in dividends to shareholders and pension funds worldwide.
I'm not sure what i would call it? But its either corruption or incompetence. I could go further with this governments policies, for example, stopping all immigration is leading to spiraling wage inflation. We cannot get staff and are desperately trying to hang onto our existing staff, to do this we have had to offer upwards of 15% pay awards. Costs that we have had to pass on to our clients. from people i talk to this is clearly happening across many industries. Immigration wise we have gone from one extreme with over supply and wage deflation in some sectors before covid and Brexit to now the other.Here's a damning statistic from the economist Ha Joon Chang: '...distributed profits as a share of total US corporate profits stood at 35-45 per cent between the 1950's and 1970's. Between 2001 and 2010, the largest US companies distributed 94% of their profits [to shareholders] and the top UK companies 89% of their profits.'
And here's another: '...in the UK, the average period of shareholding, which had already fallen from 5 years in the mid 1960's to two years in the 1980's, plummeted to about 7.5 months at the end of 2007.'
What this effectively means is that - as a consequence of the neoliberal philosophy favoured by Thick Lizzy - companies have been put under increasing pressure to deliver high short-term profits, otherwise investors will flit somewhere else, as evidenced by the second statistic.
The easiest way for the CEO (Chief Executive Officer) of a company to enable short-term profits to be made is simply to cut costs, something that can be achieved by reducing the workforce through redundancies, freezing salaries, lowering overheads (like paying for employee pensions, cutting investment in Research & Development, and selling off less profitable arms of the business), what is more or less a ‘slash and burn’ approach.
This leaves very few resources with which a company can invest in things like new machines, the aforementioned R&D, and staff training, so they end up getting run into the ground. And by the time the company gets into trouble, the CEOs who enacted this policy will often have moved on.
She is a complete and utter fucking waste of space.
Have always thought that it is wrong to utterly demonize an 'out-group', as we all know where that leads.
But these days I am having a very hard time perceiving Tory politicians and their supporters as anything other than vermin.
Incompetence or corrupt ? Not sure which but neither is palatable? Starmer needs to be more on the ball and understand how damaging these policies are and call them out more frequently. People need to wake up !I can't get my head around that either. They've probably spoken to a couple of businesses who have said they would invest whilst sniggering. The only way to get companies to invest more than they've already committed, in this economic climate, is to incentivise it and the best way is to usually raise taxes so they try to avoid them. That money as you say is lining the pockets of a few otherwise. She's playing a long term game to try and make the UK an attractive place for big businesses and somewhere the big dogs can get mega rich. But we need instant results to address the economic crisis and she'd be far better off introducing a short term windfall tax and raising taxes for the filthy rich with a commitment to reducing them in the future. Instead it's offering short term help to those that need it most, and even then a token gesture, whilst the rich get even richer.