|
|
Post by jonksy on Mar 26, 2023 0:26:01 GMT
The only mission rayber knows about is the missionary position.
The cat's out of the bag - Labour are planning a raid on your savings and investments
If you thought that this Conservative Government is being unkind on your pocket and wealth, imposing the highest tax burden for 70 years, believe me – to quote the Bachman-Turner Overdrive song – 'you ain't seen nothing yet'.
Last week, Labour's firebrand deputy leader, Angela Rayner, gave us a glimpse into what awaits the country if Sir Keir Starmer and his merry band win the next General Election. She suggested that a Labour Government should raise tax on savings and investments.
If so, life will not be pretty under a Starmer-and his dogs regime.
Last week, Labour's firebrand deputy leader, Angela Rayner, suggested that a Labour
Government should raise tax on savings and investments
From the perspective of business and household finances, it would be more Quentin Tarantino than schmaltzy Walt Disney. Bloody and financially painful.
Forget the airy-fairy promises made by starmer the UK's economy from a basket case into one of the developed world's leading growth stories by turning it a beautiful eco-friendly green. That, too, is pie-in-the-sky politics.
|
|
|
|
Post by dodgydave on Mar 26, 2023 1:20:27 GMT
The Daily Mail is always going to run scare stories about "big spending, high tax" Labour.
The more depressing truth is that if Labour do win they will be expected to spend more to improve public services and the NHS. The problem is we are already living way way way beyond our means and are trillions in debt.
|
|
|
|
Post by Morgan on Mar 26, 2023 6:14:15 GMT
The Daily Mail is always going to run scare stories about "big spending, high tax" Labour. The more depressing truth is that if Labour do win they will be expected to spend more to improve public services and the NHS. The problem is we are already living way way way beyond our means and are trillions in debt. You cannot turn a service into a business and make a profit without increasing initial costs. Either way we are in a lose lose situation and the only way out is to ensure that those able to do so pay in more initially. |
|
|
|
Post by sheepy on Mar 26, 2023 6:24:42 GMT
The only mission rayber knows about is the missionary position.
The cat's out of the bag - Labour are planning a raid on your savings and investments
If you thought that this Conservative Government is being unkind on your pocket and wealth, imposing the highest tax burden for 70 years, believe me – to quote the Bachman-Turner Overdrive song – 'you ain't seen nothing yet'.
Last week, Labour's firebrand deputy leader, Angela Rayner, gave us a glimpse into what awaits the country if Sir Keir Starmer and his merry band win the next General Election. She suggested that a Labour Government should raise tax on savings and investments.
If so, life will not be pretty under a Starmer-and his dogs regime.
Last week, Labour's firebrand deputy leader, Angela Rayner, suggested that a Labour
Government should raise tax on savings and investments
From the perspective of business and household finances, it would be more Quentin Tarantino than schmaltzy Walt Disney. Bloody and financially painful.
Forget the airy-fairy promises made by starmer the UK's economy from a basket case into one of the developed world's leading growth stories by turning it a beautiful eco-friendly green. That, too, is pie-in-the-sky politics.
It is all so scripted the whole thing. |
|
|
|
Post by Pacifico on Mar 26, 2023 7:48:14 GMT
I certainly dont see much future for the UK - already our company taxation is uncompetitive and now it looks like personal taxation is going the same way.
Anyone who can is going to look at leaving - I know I have been casting an eye around looking at options.
|
|
|
|
Post by Toreador on Mar 26, 2023 10:08:46 GMT
I certainly dont see much future for the UK - already our company taxation is uncompetitive and now it looks like personal taxation is going the same way. Anyone who can is going to look at leaving - I know I have been casting an eye around looking at options. If only I could get Mrs. T to agree, I'd sail for rural France tomorrow, or even somewhere else. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 26, 2023 11:22:07 GMT
Our NHS must be fixed, we have to increase defence spending, crime has to be tackled, and 13 years of Tory government has stretched all public services to breaking point.
But money does not grow on trees, and it has to come from somewhere
A Labour government WILL NOT hit the less well off, unlike the Tories, who gave us such things as The Bedroom Tax, which hit mostly working people on low incomes.
A Labour government will look for money from the super rich, the wealthy, taking charitable status away from private schools, hitting Non-Dom tax fiddlers, altering the Council Tax bands to extract a fairer contribution from very high value properties.
I would much rather a government takes from those with huge financial assets, rather than do what the Tories do, for example taking the Educational Maintainence Allowance away from struggling families.
The Tories are doomed
|
|
|
|
Post by Handyman on Mar 26, 2023 13:22:33 GMT
No such Tax as Bedroom Tax, it was a reduction in a benefit only applied to single people living in larger Social Housing to encourage them to move to a smaller property which meant a family could be allocated the larger two or three bedroom properties.
Labour will of course tax the higher earners they always have, Non Dom's do not fiddle anything they pay a set tax tariff depending on their earnings outside of the UK set by HMRC for a set period of time, we need to bring our state schools up to the better standards of private schools in order to have a better educated workforce for the future, quite a lot of Labour MP's went to private schools including Starmer free of charge.
Larger Homes already pay more Council Tax than those in smaller properties including Social Housing, on the run up to GE those with serious money and investors will move their money ASAP just in case Labour win as they know that Labour will tax them heavily they always have , we need to attract investors, inventors and innovators, global companies and money makers to the UK not drive them away.
|
|
|
|
Post by Pacifico on Mar 26, 2023 17:15:06 GMT
Our NHS must be fixed, we have to increase defence spending, crime has to be tackled, and 13 years of Tory government has stretched all public services to breaking point. But money does not grow on trees, and it has to come from somewhere It already does - we have a record tax burden and making it even higher still is not going to encourage anyone to invest in the UK. The trouble with Labour is that they really think you can squeeze people until the pips squeak and they will just put up with it. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 26, 2023 17:24:58 GMT
Our NHS must be fixed, we have to increase defence spending, crime has to be tackled, and 13 years of Tory government has stretched all public services to breaking point. But money does not grow on trees, and it has to come from somewhere It already does - we have a record tax burden and making it even higher still is not going to encourage anyone to invest in the UK. The trouble with Labour is that they really think you can squeeze people until the pips squeak and they will just put up with it. ......................................................................................................................................................... There are lots of people who are "rolling in it", but I agree its time to stop the Tory game of squeezing money out of the ordinary people, the less well off, those on low incomes, and lets do the right thing for a change and take from those that can afford it. Oh and by the way, "Trickle Down" has now been solidly proven not to work Oh and by the way, did you see todays news ... Tory MP's are "stung" asking for £10,000 per day to advise a fake Korean company, and these are the s'tnuc who voted for the Bedroom Tax. |
|
|
|
Post by Pacifico on Mar 26, 2023 17:44:01 GMT
It already does - we have a record tax burden and making it even higher still is not going to encourage anyone to invest in the UK. The trouble with Labour is that they really think you can squeeze people until the pips squeak and they will just put up with it. ......................................................................................................................................................... There are lots of people who are "rolling in it", but I agree its time to stop the Tory game of squeezing money out of the ordinary people, the less well off, those on low incomes, and lets do the right thing for a change and take from those that can afford it. Oh and by the way, "Trickle Down" has now been solidly proven not to work Oh and by the way, did you see todays news ... Tory MP's are "stung" asking for £10,000 per day to advise a fake Korean company, and these are the s'tnuc who voted for the Bedroom Tax. Well as no politician has ever advocated 'Trickle Down' then I fail to see the relevance. I can remember the last time Labour tried your ideas and imposed punitive taxation - investment in UK industry collapsed and high earners rushed to the exits to get overseas and their money away from Denis Healey's clutches. I suppose you are now going to tell me that next time it will be different..  |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 26, 2023 18:24:11 GMT
Pacifico "Well as no politician has ever advocated 'Trickle Down' then I fail to see the relevance.
I can remember the last time Labour tried your ideas and imposed punitive taxation - investment in UK industry collapsed and high earners rushed to the exits to get overseas and their money away from Denis Healey's clutches.
I suppose you are now going to tell me that next time it will be different."
------------------------------------------------------
It was you that suggested taxing very wealthy people would hit investment, the inference been that you take money from sources where it can be afforded, and it leaves less money for investment.
Taxation is not meant to be punitive, taxation should be fair, it should take the least from poorer people, and the most from richer people. But at the same time not disincentivise hard work and effort.
The last Labour government was not that of Dennis Healey or Jim Callaghan, it was Alistair Darling, Gordon Brown and Tony Blair. The record level of investment in the NHS and other public services came from Windfall Taxes and the sale of the radio spectrum, and from sustained growth, and it did not affect investment one little bit.
There are ways and means of raising money to pay for much needed investment, including to pay for the damage from 13 years of a failed Tory government, and without harming industry, enterprise and wealth creators.
|
|
|
|
Post by Pacifico on Mar 26, 2023 21:43:30 GMT
It was you that suggested taxing very wealthy people would hit investment, the inference been that you take money from sources where it can be afforded, and it leaves less money for investment. which is precisely what happened in the 70's when Labour last tried this idea. define a 'fair' rate of taxation - it's currently 57% for top rate tax and NI. How much higher do you think it should go? The last Labour Government had a lower tax burden than we have now - you are suggesting going back to the punitive rates of Healey and Callaghan. If you were following the tax ideas of Blair you would be suggesting cutting taxes not increasing them. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 26, 2023 22:10:55 GMT
Our NHS must be fixed, we have to increase defence spending, crime has to be tackled, and 13 years of Tory government has stretched all public services to breaking point. But money does not grow on trees, and it has to come from somewhere A Labour government WILL NOT hit the less well off, unlike the Tories, who gave us such things as The Bedroom Tax, which hit mostly working people on low incomes. A Labour government will look for money from the super rich, the wealthy, taking charitable status away from private schools, hitting Non-Dom tax fiddlers, altering the Council Tax bands to extract a fairer contribution from very high value properties. I would much rather a government takes from those with huge financial assets, rather than do what the Tories do, for example taking the Educational Maintainence Allowance away from struggling families. The Tories are doomed It's Robin Hood! |
|
|
|
Post by dodgydave on Mar 27, 2023 1:02:05 GMT
Our NHS must be fixed, we have to increase defence spending, crime has to be tackled, and 13 years of Tory government has stretched all public services to breaking point. But money does not grow on trees, and it has to come from somewhere A Labour government WILL NOT hit the less well off, unlike the Tories, who gave us such things as The Bedroom Tax, which hit mostly working people on low incomes. A Labour government will look for money from the super rich, the wealthy, taking charitable status away from private schools, hitting Non-Dom tax fiddlers, altering the Council Tax bands to extract a fairer contribution from very high value properties. I would much rather a government takes from those with huge financial assets, rather than do what the Tories do, for example taking the Educational Maintainence Allowance away from struggling families. The Tories are doomed Do you actually understand what Non-Dom is? It is not a tax fiddle, they PAY TAX IN THE COUNTRY THE MONEY IS EARNT AND IT HAS TO STAY THERE. They also PAY UK TAX ON THEIR UK EARNINGS. Abolishing that tax will raise peanuts because (a) we have double-taxation treaties with many countries (b) they will just live somewhere else rather pay DOUBLE TAXATION. Likewise, the scrapping of charitable status will raise peanuts because most of it will be offset by the estimate 90,000 pupils that it will push into state schools. New schools will have to built, and extra teachers recruited to staff them. This 90,000 won't be Etonians, it will be working class people done good who make the sacrifice to send their children to a private school to give them a better education. The council tax idea is equally dumb, you will just end up trapping people in homes they cannot sell. If you want to be "progressive" then surely a local income tax would be fairer? Your populist politics of envy will just hit middle England and the working class done good, because guess what, the rich have accountants, and they have the means to be mobile. This is why Labour are doomed in this country. They default to the politics of envy instead of making a case for a Social Democratic economy where EVERYBODY pays high taxes enabling us to have great public services and healthcare. Show me ANYWHERE IN THE WORLD were the model you are suggesting works? All the Nordic countries and Switzerland have high taxes for all... before you even try to claim them. |
|
