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Post by zanygame on Jan 12, 2024 8:48:46 GMT
Is that Malaysian Dyson, Chinese Dyson or Filipino Dyson? he is a UK resident So? His company pays its tax where? Pays its staff where? |
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Post by zanygame on Jan 12, 2024 8:49:46 GMT
Is that Malaysian Dyson, Chinese Dyson or Filipino Dyson? Read the link yourself zany. I have. It just says British company Dyson. I say paah. |
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Post by zanygame on Jan 12, 2024 9:00:32 GMT
We were discussing raising interest rates. When interest rates go up in order to control spending, all it does is divert that spending to banks via higher mortgage /loan payments. A lesson Liz Truss should have known about. And high interest rates mean more expensive loans so companies seeking to invest and grow go somewhere else where interest rates are lower. Fundamental economics. Sorry misunderstood your point. Yes hiking interest rates puts extra pressure on businesses, but nothing compared to the loss of sales caused by making everyone else penniless. However I would say that's the point of it. To slow an overheating economy. Except this time the economy was not overheating, Inflation was being driven by imported gas and food, so if the government had recognised that and looked at how fragile UK business still was post Covid they might have taken a different view on how to slow it. But this lot are so busy dodging past gaffs and misdemeanours they have no time to really look at anything. In all my years I don't think I've seen a less able government (Maybe Callahan?) |
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Post by jonksy on Jan 12, 2024 10:06:12 GMT
Read the link yourself zany. I have. It just says British company Dyson. I say paah. I am sure mr Dyson will be gutted... |
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Post by Deleted on Jan 12, 2024 10:06:59 GMT
Again, your response is ideologically driven, an assumption that any tax on income is worse than anything else, and particularly so if the rich have to pay it. The suggestion is not exclusively to make the rich alone pay, as you seem to be trying to imply, which would clearly not work as a means to reduce demand across the board and thereby reduce inflation. It would be to reduce the spending power of all earners in direct proportion to how much they earn, reducing the spending power of everyone except those already too poor to spend much. The rich would only pay the same percentage as all other earners. Raising tax rates as a substitute for raising interest rates only works if you raise taxes across the entire spectrum of the economy. From your reaction to the suggestion of raising VAT I don't believe for a minute that you are supporting raising Income Taxes for those earning £20k - you are simply falling back on this tax the rich mantra.well lets be honest - are you suggesting taking money out of peoples pockets across the income spectrum?. Again you ignore my words and reinterpret them into something I didnt say that better fits your ideological assumptions. I specifically said that to be effective it would have to be across the broad spectrum of the economy. That anyone earning enough to be taxed on their income would pay it. And that the percentage would be the same for everybody, including the rich, and including those on 20k. And this instead of massive hikes in interest rates. How on earth is this "simply falling back on this tax the rich mantra" ? You seem incapable, in spite of your obvious ideologically driven need to attack the proposal, to attack what I have said with any logical argument at all without twisting and distorting it into something I didnt actually say and am not arguing for. And in this, because of your ideologically driven desire to challenge it, but inability to do so on it's merits, you pretend I said something else, inventing a straw man to attack. It is unusual for you to be so incapable of understanding and responding to the arguments I am actually making, as opposed to the ones you seem to prefer to imagine I am making. |
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Post by Deleted on Jan 12, 2024 10:10:37 GMT
That's the second time you've misrepresented me. I have said all tax up to 35% Not just the rich. If increasing interest on mortgage payers is enough to alter spending patterns, then so is increasing income tax. Is your job to trawl the internet stopping anyone questioning the rich? So if you are proposing increasing Income taxes for those on £20k how does that square with your demand for cheaper fuel and food prices for those on lower pay? You giving with one hand and taking away with the other - it is not going to achieve much is it. Yet you support tax cuts whilst raising interest rates to whatever level is necessary to rein in spending. Giving with one hand and taking with the other seems like a brilliant idea to you if it presses the right ideological buttons. |
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Post by Deleted on Jan 12, 2024 10:23:51 GMT
enough for what? Rampant demand led inflation is never going to be cured by clamping down on the cohort who are not responsible for the majority of the demand. The idea that only the rich are responsible for inflation is 'interesting' - I'm not convinced it's that economically coherent though... That's the second time you've misrepresented me. I have said all tax up to 35% Not just the rich. If increasing interest on mortgage payers is enough to alter spending patterns, then so is increasing income tax. Is your job to trawl the internet stopping anyone questioning the rich? He has done exactly the same to me with my proposal for an anti-inflation levy on incomes as and when needed instead of interest hikes. He is obsessed with the notion that a percentage based tax on all earners earning enough to pay income tax, exactly the same percentage for everyone, is somehow a plan to exclusively tax the rich. What do we have to do to get him to understand plain English on this one? Do we have to include a proposal to specifically exempt anyone who is rich before he is capable of understanding it? His poor hard done by rich people mantra is wearing very thin on this one, where he is having to wilfully misunderstand what we are saying in order to express it. And thus finds himself criticising us for arguments we are not even making. Neither of us is proposing to soak the rich. We are simply saying that all earners including high earning ones simply pay the same percentage. The rich would simply pay exactly the same percentage on any income levy as everyone else. And not a penny more. How this is being reinterpreted as some evil plan to soak the rich is beyond me and is clearly the result of ideological goggles. |
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Post by buccaneer on Jan 12, 2024 10:45:14 GMT
We were discussing raising interest rates. When interest rates go up in order to control spending, all it does is divert that spending to banks via higher mortgage /loan payments. A lesson Liz Truss should have known about. And high interest rates mean more expensive loans so companies seeking to invest and grow go somewhere else where interest rates are lower. Fundamental economics. Sorry misunderstood your point. Yes hiking interest rates puts extra pressure on businesses, but nothing compared to the loss of sales caused by making everyone else penniless. However I would say that's the point of it. To slow an overheating economy. Except this time the economy was not overheating, Inflation was being driven by imported gas and food, so if the government had recognised that and looked at how fragile UK business still was post Covid they might have taken a different view on how to slow it. But this lot are so busy dodging past gaffs and misdemeanours they have no time to really look at anything. In all my years I don't think I've seen a less able government (Maybe Callahan?) Had you have read the link I posted, an article that was written in 2021 forecasting inflation in 2023, said the BoE could have steadily started to raise interest rates as far back as then rather than waiting to inflate them at such a rapid rate late in the day. The BoE "lax monetary policy" is/was a contributing factor to the interest rate rises. But you seem to just blame the government. |
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Post by buccaneer on Jan 12, 2024 11:08:29 GMT
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Post by Pacifico on Jan 12, 2024 11:58:34 GMT
Raising tax rates as a substitute for raising interest rates only works if you raise taxes across the entire spectrum of the economy. From your reaction to the suggestion of raising VAT I don't believe for a minute that you are supporting raising Income Taxes for those earning £20k - you are simply falling back on this tax the rich mantra.well lets be honest - are you suggesting taking money out of peoples pockets across the income spectrum?. Again you ignore my words and reinterpret them into something I didnt say that better fits your ideological assumptions. I specifically said that to be effective it would have to be across the broad spectrum of the economy. That anyone earning enough to be taxed on their income would pay it. And that the percentage would be the same for everybody, including the rich, and including those on 20k. And this instead of massive hikes in interest rates. How on earth is this "simply falling back on this tax the rich mantra" ? So the easiest/cheapest way of achieving that goal is to hike VAT |
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Post by Pacifico on Jan 12, 2024 12:00:57 GMT
So if you are proposing increasing Income taxes for those on £20k how does that square with your demand for cheaper fuel and food prices for those on lower pay? You giving with one hand and taking away with the other - it is not going to achieve much is it. Yet you support tax cuts whilst raising interest rates to whatever level is necessary to rein in spending. Giving with one hand and taking with the other seems like a brilliant idea to you if it presses the right ideological buttons. I support keeping energy prices low from the start - if we had a realistic energy supply system that prioritised cheap local energy we wouldn't need so much government intervention to bring inflation under control. |
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Post by Pacifico on Jan 12, 2024 12:08:21 GMT
That's the second time you've misrepresented me. I have said all tax up to 35% Not just the rich. If increasing interest on mortgage payers is enough to alter spending patterns, then so is increasing income tax. Is your job to trawl the internet stopping anyone questioning the rich? He has done exactly the same to me with my proposal for an anti-inflation levy on incomes as and when needed instead of interest hikes. He is obsessed with the notion that a percentage based tax on all earners earning enough to pay income tax, exactly the same percentage for everyone, is somehow a plan to exclusively tax the rich. What do we have to do to get him to understand plain English on this one? Do we have to include a proposal to specifically exempt anyone who is rich before he is capable of understanding it? His poor hard done by rich people mantra is wearing very thin on this one, where he is having to wilfully misunderstand what we are saying in order to express it. And thus finds himself criticising us for arguments we are not even making. Neither of us is proposing to soak the rich. We are simply saying that all earners including high earning ones simply pay the same percentage. The rich would simply pay exactly the same percentage on any income levy as everyone else. And not a penny more. How this is being reinterpreted as some evil plan to soak the rich is beyond me and is clearly the result of ideological goggles. So a penny on income tax - 20% goes to 21%. Last year we had 5 changes in interest rates on top of the 8 changes we had in 2022, is it really practical or desirable to keep changing everyones tax rate every couple of months? - bearing in mind that inflation can change rapidly to unforeseen events. |
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Post by Vinny on Jan 12, 2024 13:32:54 GMT
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Post by jonksy on Jan 12, 2024 16:16:53 GMT
Pro-EUSSR Poland PM Donald Tusk humiliated as thousands of angry Poles cause chaos.
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Post by zanygame on Jan 12, 2024 16:33:10 GMT
I have. It just says British company Dyson. I say paah. I am sure mr Dyson will be gutted... I'm sure I couldn't give a stuff what he thinks. He claims to be British through and through, but as soon as he was successful he moved his factory abroad. I'm surprised you care about him tbh. |
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