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Post by B0ycey on Oct 24, 2022 17:50:47 GMT
Perhaps it is you who is pessimistic. Once a windmill is built, it is literally becomes a cash cow under high energy prices as your only expense is servicing the things every so often given no raw materials are needed. In fact GB energy is such a good policy I am surprised no other party has took it up. If renewables are a cash cow they wouldn't need subsidizing and every company would already be building them. Welcome to capitalism. It's the way of the market. Without incentive energy companies wouldn't build anything given a low supply of something boosts the profits of what is generated and investment is taken from profits and doesn't offer instant return in any case. It doesn't change the fact that wind is by far the best infrastructure in terms of build time and output to initial expense and would make great profits today under high energy prices. |
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Post by see2 on Oct 24, 2022 21:28:45 GMT
It isn't the size of the investment but how it is spent. Indeed Toreador! The truth is the UK can borrow significantly more as long as the borrowing is for growth. Starmer can borrow whatever he likes for GB energy given that policy is a cash cow for example without spooking the market. Truss's problem was she was borrowing for non growth. That is to say borrowing for little return. All that does is flood your market with currency and the effect is inflation. Higher mortgage rates is another issue of Trussonomics. There was a major bust in 1991 the recovery of 1994 was under 1.5% growth to GDP. Growth was around 1.1% in 1997 when NL came to office. www.economicshelp.org/macroeconomics/economic-growth/uk-recession-1991/#:~:text=House%20prices%20in%201991%20recession%20In%20the%20late,falling%20by%2010%25%20as%20home%20repossession%20rates%20rose Apologies. My post was meant for the post above yours. The post by borchester |
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Post by Pacifico on Oct 24, 2022 21:33:41 GMT
If renewables are a cash cow they wouldn't need subsidizing and every company would already be building them. Welcome to capitalism. It's the way of the market. Without incentive energy companies wouldn't build anything given a low supply of something boosts the profits of what is generated and investment is taken from profits and doesn't offer instant return in any case. It doesn't change the fact that wind is by far the best infrastructure in terms of build time and output to initial expense and would make great profits today under high energy prices. Well that is nonsense. Every day people build businesses without government subsidy to make money. Now you are telling me that windmills are a cash cow but businesses will not invest without government subsidy... Either every businessman in the UK is wrong or you are. |
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Post by B0ycey on Oct 24, 2022 22:07:45 GMT
Welcome to capitalism. It's the way of the market. Without incentive energy companies wouldn't build anything given a low supply of something boosts the profits of what is generated and investment is taken from profits and doesn't offer instant return in any case. It doesn't change the fact that wind is by far the best infrastructure in terms of build time and output to initial expense and would make great profits today under high energy prices. Well that is nonsense. Every day people build businesses without government subsidy to make money. Now you are telling me that windmills are a cash cow but businesses will not invest without government subsidy... Either every businessman in the UK is wrong or you are. I am telling you energy fullstop is a cash cow especially when energy bills are high. And windmills has the extra benefit of the wind not costing anything. The fact you can't see it is frankly down to stupidity or a hatred of Labour. I have also explained that business, any business, when making big profits don't usually invest. They invest when competition forces them to do so. It isn't in the interest of energy companies to boost the UKs power infrastructure when they are making huge profits on low supply. It is exactly the same reason OPEC is cutting oil production now despite there clearly being demand for oil. By cutting the supply they get more for what they produce and a bigger yield overall. Not to mention that it is most likely backhanders and lobbyists who have influenced government to subsidise them anyway. You think the two biggest markets on the FTSE have no cards in Westminster or something? |
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Post by borchester on Oct 25, 2022 10:30:08 GMT
Sounds good.
And unemployment is currently at the lowest it has been in 50 years, so there will be no need for the government to pump ever more funds into whatever governments like to pump mega quantities of cash into.
So will Starmer be cutting taxes and such?
Starmer says his policies are paid for Borky. I don't know if that is true given he has now changed his stance to not being able to do 'Labour things' due to funding, but even so what he has said like Sunak is tax cuts must be funded for first so I would say Starmer will cut taxes but he will do it towards the end of his five year term and not the start of it so he can fund it with GB energy yields. So, even with unemployment and interest rates at rock bottom, we won't see any tax cuts, just the usual socialist dreams of the shining city on the hill. |
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Post by totheleft3 on Oct 25, 2022 10:38:08 GMT
The unemployment rate is low because the Tory Government inherited a sound labour market from the previous Labour Government
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Post by B0ycey on Oct 25, 2022 11:59:17 GMT
Starmer says his policies are paid for Borky. I don't know if that is true given he has now changed his stance to not being able to do 'Labour things' due to funding, but even so what he has said like Sunak is tax cuts must be funded for first so I would say Starmer will cut taxes but he will do it towards the end of his five year term and not the start of it so he can fund it with GB energy yields. So, even with unemployment and interest rates at rock bottom, we won't see any tax cuts, just the usual socialist dreams of the shining city on the hill. I guess tax cuts will depend on how much revenue he thinks he will get. Without seeing the numbers I don't know whether his plan is affordable, but he claims it is. I know three areas of income he will do that the Tories won't touch which are non dom status, loopholes and windfall tax which are worth many billions and of course GB energy will gain income as soon as the first windmill is erected so maybe his plans are costed. |
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Post by dodgydave on Oct 25, 2022 12:39:14 GMT
So, even with unemployment and interest rates at rock bottom, we won't see any tax cuts, just the usual socialist dreams of the shining city on the hill. I guess tax cuts will depend on how much revenue he thinks he will get. Without seeing the numbers I don't know whether his plan is affordable, but he claims it is. I know three areas of income he will do that the Tories won't touch which are non dom status, loopholes and windfall tax which are worth many billions and of course GB energy will gain income as soon as the first windmill is erected so maybe his plans are costed. I hate to break it to you, but Starmer is lying to you. The only way you get good public services is by EVERYBODY paying large amounts of tax. ie the model followed by the Nordic countries. This is why Labour hardly ever get into power, they have this dishonest argument that making the rich pay more will solve everything, so their sums just don't add up. Look at the suggestions they are making: 1) non-dom - is not about avoiding tax. You still pay tax on all UK earnings. It is about where your international earnings are taxed (and you cannot bring any of that income to the UK). If you abolish it, you will simply cut your nose off as they will just live somewhere else and you will lose their UK based tax, and a shed load of VAT. It has been around for hundreds of years... if it was so simple why haven't previous Labour government stopped it? 2) The oil / gas producers already pay 65% tax, which is the cash cow. Now you want to milk it dry during a gas shortage? For what? What that would raise is peanuts, unless you want to follow lying Starmer's example and quote £180b of worldwide profits, most of which doesn't even come under UK tax lol. 3) IR35 just cut off one of the biggest tax loopholes in our system (personal service companies), so claiming that the Tories ignore loopholes is more lies. I would love a Social Democratic party that was actually truthful and made the case for high taxation and great public services, I would vote it. It is a shame that Labour cannot get away from their "hate the rich" attitudes and laughable "fully costed" plans. Grow up, they are lying to you, they will have to increase taxes to pay for increases in public service spending. |
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Post by B0ycey on Oct 25, 2022 12:51:06 GMT
I guess tax cuts will depend on how much revenue he thinks he will get. Without seeing the numbers I don't know whether his plan is affordable, but he claims it is. I know three areas of income he will do that the Tories won't touch which are non dom status, loopholes and windfall tax which are worth many billions and of course GB energy will gain income as soon as the first windmill is erected so maybe his plans are costed. I hate to break it to you, but Starmer is lying to you. The only way you get good public services is by EVERYBODY paying large amounts of tax. ie the model followed by the Nordic countries. This is why Labour hardly ever get into power, they have this dishonest argument that making the rich pay more will solve everything, so their sums just don't add up. Look at the suggestions they are making: 1) non-dom - is not about avoiding tax. You still pay tax on all UK earnings. It is about where your international earnings are taxed (and you cannot bring any of that income to the UK). If you abolish it, you will simply cut your nose off as they will just live somewhere else and you will lose their UK based tax, and a shed load of VAT. It has been around for hundreds of years... if it was so simple why haven't previous Labour government stopped it? 2) The oil / gas producers already pay 65% tax, which is the cash cow. Now you want to milk it dry during a gas shortage? For what? What that would raise is peanuts, unless you want to follow lying Starmer's example and quote £180b of worldwide profits, most of which doesn't even come under UK tax lol. 3) IR35 just cut off one of the biggest tax loopholes in our system (personal service companies), so claiming that the Tories ignore loopholes is more lies. I would love a Social Democratic party that was actually truthful and made the case for high taxation and great public services, I would vote it. It is a shame that Labour cannot get away from their "hate the rich" attitudes and laughable "fully costed" plans. Grow up, they are lying to you, they will have to increase taxes to pay for increases in public service spending. He might indeed be lying Dave but we have been lied constantly since the Johnson premiership and arguably many years before that so I guess I have no choice but to give him the benefit of the doubt. Nonetheless if I vote at all it will be for GB energy and not tax cuts in any case. That is a policy I don't think Starmer is lying over and a policy I support because the UK should aim to be energy sufficient as quickly as possible. |
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Post by totheleft3 on Oct 25, 2022 13:02:47 GMT
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Post by totheleft3 on Oct 25, 2022 13:17:02 GMT
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Post by Pacifico on Oct 25, 2022 14:57:17 GMT
Richard Murphy? - he was even too much of a lunatic for Corbyns economics team so I'd take anything he says with a pinch of salt. Next you will be telling us you believe in MMT..  |
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Post by totheleft3 on Oct 25, 2022 15:13:14 GMT
So you dipute the report findings on nothing more then you Dont take heed to his view.
Or politics.
Maybe you can find a report that disputes the Report
That the rich will leave Britain if taxes for the rich increase.
I Await with bated anticipation
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Post by borchester on Oct 25, 2022 15:36:49 GMT
The unemployment rate is low because the Tory Government inherited a sound labour market from the previous Labour Government Which was 12 years ago.
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Post by totheleft3 on Oct 25, 2022 15:47:08 GMT
Yea and thanks to mass immigration what has created over 1 million job's instead off depleting the jobs market
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