Power does funny things to people and something I’ve observed over the years is when people are promoted way beyond their abilities they are often insufferable when they take up their new roles, possibly as a form of overcompensation.She has got even worse since she left gone down conspiracy near far right pro America Trump route. Makes you wonder who the real. Liz Truss was the nobody MP that was ok the really bad PM or the complete nutter post PM.
By 2030 she should be consigned to the dustbin of history so no one will care what she is.It's worth noting that at one time, she was a Liberal Democrat and a republican. Not the most stable type. By 2030, she might be a Trotskyite. Who can say?
I completely and disagree with that. I think it's wrong on every level.Tax wealth, not work. It worked well in the past for a short while, and stop listening to those that want to crush us all and take us back into the grinding poverty that was the norm for centuries.
I think comments like that, and those of the person you replied to, show a complete lack of understanding of what actually went wrong with Truss' premiership and why it failed.To be fair, "she tried hard"
How can it be wrong? We tax people now anyhow, no one said you can't add a new tax or increase the rate, its not immoral in the slightest.I completely and disagree with that. I think it's wrong on every level.
First, taxes on wealth are extremely poor at actually collecting tax. It's quite difficult to not work, or to not buy anything, so taxes on employment and on spending are very efficient with extremely high collection rates. Unlike taxes on wealth.
The latter cause people to change their behaviour, because guess what, no-one like paying high rates of tax. So if you have a million in an investment account and were planning on liquidating some of it, then if the capital gains tax is too high, you don't bother. You sit on your money waiting for the day when the rate might be lower or the allowances higher, so often less tax is actually collected than before the rate went up.
And taxing people on all their assets is extremely expensive and difficult to calculate. What is YOUR net worth? I have no idea what mine is. How on earth is the HMRC supposed to work that out? They'd need years and an army of people and it would be open to huge amounts of tax evasion with people with vast undeclared assets.
So, no, wealth taxes don't work. But then there's my second point. They are grossly unfair. People go about their daily lives and they earn money and unless they are criminals, they pay their taxes in full compliance with the law. Some of them get rich by their efforts and have wealth that they have accumulated fair and square. What right do you have to say "look at that bloke, he's rich, let's have some of his money off him". It's completely immoral. Legalised theft.
So it's wrong pragmatically and wrong morally. It's just a really bad idea.
It failed so spectacularly because she is a ****.I think comments like that, and those of the person you replied to, show a complete lack of understanding of what actually went wrong with Truss' premiership and why it failed.
Yawn.It failed so spectacularly because she is a ****.
If she does what we think she will, I would advise everyone to quit work and live off the state
Like the suburban Joker and Harley Quinn, causing havoc with low tax and small state ideology. Blowing up libraries on the way to set up investment plans and lease the new A6 with the sports pack.I can only conclude that you've got a little crush on her...
The crazy lady
Anything rising less than the rate of inflation, and more importantly rising less than real pay growth is cutting the cost of living.
I think comments like that, and those of the person you replied to, show a complete lack of understanding of what actually went wrong with Truss' premiership and why it failed.
When a Season ticket can cost 16k and higher something is seriously wrong.Given rail costs are part of inflation calculations which, in turn, feeds into wage growth it’s somewhat self defeating (in regards to your reply) and doesn’t help the cost of living.
When a Season ticket can cost 16k and higher something is seriously wrong.
"Manc in London" from accounts, LOL.I studied economics for five years. I know why it failed
The chancellor set to abolish the two child benefit cap on Wednesday but will it lift children out of poverty .?
I thought UC was supposed to do that?The chancellor set to abolish the two child benefit cap on Wednesday but will it lift children out of poverty .?