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Post by Fairsociety on Dec 16, 2022 17:23:42 GMT
I think the government are going to have to put the brakes on the BoE raising interest rates at almost once a month, 9 so far, it is not sustainable for mortgage payers, or renters, mortgage payers have to pass on that rise to tenants, it will end up with mass homelessness.
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Post by jaydee on Dec 16, 2022 17:25:48 GMT
Well the strikes aren't going down too well, I agree everyone should have a decent wage inline with inflation, but inflation is at a inflated rate. And who is exactly to blame for the inflation. Is it Covid, Russia or Liz Truss. You can go 50/50, phone a friend or ask the audience |
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Post by Fairsociety on Dec 16, 2022 17:38:03 GMT
Inflation is a world wide problem not just exclusively a 'Tory' fault.
The Tories did not cause 'Covid' they did not cause a global financial crisis, they did not cause the Russian/Ukraine war, Labour might want voters to think that, and some do, but hey-ho that is just fantasy.
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Post by om15 on Dec 16, 2022 17:38:22 GMT
A mixture of all three, opinions may differ as to the major cause, however the situation will not be improved by Trotsky hard left militant nurses demanding 19% pay rises, where in many cases their pay, pensions, sick leave and terms of service are much better than comparable workers in the private sector.
Sunak will retrieve much voter support by defeating Mick Lynch, unfortunately many people will go untreated and will die due to the politically activated NHS staff. He will gain much more voter support by dismantling the NHS and introducing private health care.
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Post by jaydee on Dec 16, 2022 18:18:22 GMT
Inflation is a world wide problem not just exclusively a 'Tory' fault. The Tories did not cause 'Covid' they did not cause a global financial crisis, they did not cause the Russian/Ukraine war, Labour might want voters to think that, and some do, but hey-ho that is just fantasy. Matey. He Ho on your fantasy. UK inflation has risen above 10% for the first time in 40 years, driven by soaring prices for food and fuel as households come under mounting pressure from the cost of living crisis. As this bunch of fanny's in Westminster closed the UK gas storage facilities. And that is the result of only being relient on Russia for 4% of energy. Is that the fault of the man in the moon in your fantasy ho ho. Truss fired her top finance official, Kwasi Kwarteng, for creating precisely the package of unfunded tax cuts, billion-dollar spending programs and deregulation that she had asked for. Creating the UK inflation. All down to Tory's. And in terms of Covid. It was paid for by QE, which you have been told a thousand times. That will be paid back by your grand kids grand kids grandkids. Which since this bunch took power has spiralled to over £800 billion. The £2,8 trillion UK debt not included. Even during the war the Germans could not destroy the UK economy by flooding Europe with fake printed UK bank notes. That is what QE is. Printing money. That is the scale of destruction caused by the mis-management of the economy created by this bunch of clowns. Some 70% of that in the 44 days of the Truss administration. That's what Labour wants voters to think. Because it is a fact. So what info do you want them to think. That is a question. That is just part of it. Who gives you your info. And you still have not told me what the Tory's manage in Scotland as the Scottish government has underspent every year since it took power. And indeed £2billion this year. But heh why let facts get in the road as you have been told to hate Mick Lynch today. Who will it be tomorrow. As you try to divert others to fantasy. Do not class the ability of others who are capable of thinking for themselves with you. www.dailymail.co.uk/news/article-10023523/Ministers-spot-let-Britain-effectively-shut-gas-storage.html www.yorkshirepost.co.uk/news/politics/liz-truss-blamed-for-closure-of-north-sea-gas-storage-before-energy-crisis-3810007www.scottishdailyexpress.co.uk/news/politics/snp-ministers-urged-less-secretive-28632831 |
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Post by jaydee on Dec 16, 2022 18:25:16 GMT
A mixture of all three, opinions may differ as to the major cause, however the situation will not be improved by Trotsky hard left militant nurses demanding 19% pay rises, where in many cases their pay, pensions, sick leave and terms of service are much better than comparable workers in the private sector. Sunak will retrieve much voter support by defeating Mick Lynch, unfortunately many people will go untreated and will die due to the politically activated NHS staff. He will gain much more voter support by dismantling the NHS and introducing private health care. Allow me a copy and paste again.. Governments do not have money. The tax payer has it. Let the tax expert do the talking. This claim assumes that if £28 billion in extra wages is paid out this money just disappears, never to be seen again, and this assumption is so stupid it is laughable - except very few politicians seem to understand this. Let me explain. Let’s start with the fact that if £28 billion is paid out then this will top up existing pay. It will all be taxable and subject to national insurance. Assume tax is 20%, employee NI 12% and employer NI is 13.8% and the full NI cost is included in the £28bn.If you work the maths through the tax paid on that £28bn will be about 40.2% of the total in that case, or £11.3bn. That comes straight back to the government in other words. So the actual cost is already down to £16.7bn. That’s a lot less than £1,000 per household.
And when that £16.7bn gets into people’s pockets they will spend it. This means more tax is paid. Not everything has VAT on it, but assuming this new money is the top part of people’s incomes and they’ve already covered the basic costs of living much of it will. So, let’s assume there’s an average of 15% VAT on what is bought with this money. Do the maths and that’s another £2.2bn or so of tax paid. That means the cost is down to £13.5bn now: half has already come back. Then those who get paid this money also pay tax on it. Some will be income tax, and some corporation tax. Some more will be national insurance. We don’t know the mix. Let’s be generous and say it’s 30%. That’s another £4bn of tax paid. Cost now, £9.5bn. But those who get this money will also pay tax on it. And so will the person who gets it after that. In fact, everyone will pay tax on it until some person who is wealthy enough to save gets it and puts it in a deposit account and stops the money rolling. In short the wankers want a strike to invent a new enemy. And it is being swallowed already. By those who are really unhinged. And actually think they are sensible.Now how about you writing to Professor Murphy a tax expert he has it all wrong. See link. Like you keep waffling about the Scottish economy. And that under present constitional arrangements as bankrupt England screws energy rich Scotland. Not a Scotland on its merry own. www.taxresearch.org.uk/Blog/2022/12/10/sunaks-talk-of-a-28bn-cost-of-public-sector-pay-rises-is-total-crap/ www.taxresearch.org.uk/Blog/2022/12/15/we-need-inflation-matching-pay-rises/comment-page-1/ |
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Post by om15 on Dec 16, 2022 18:40:48 GMT
This subject has nothing to do with Scotland, why bring that into the discussion.
Can we assume from your misspelt and largely incomprehensible reply that you are in favour of NHS patients dying in order to damage the Government? Professor Murphy sounds like a leftie remainer.
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Post by jaydee on Dec 16, 2022 18:57:04 GMT
This subject has nothing to do with Scotland, why bring that into the discussion. Can we assume from your misspelt and largely incomprehensible reply that you are in favour of NHS patients dying in order to damage the Government? Professor Murphy sounds like a leftie remainer. Can we assume you did not understand one bit of it. I will rephrase. I know you did not understand one bit of it. So here it is again in big grown up writing . And no I am not in favour of NHS patient dying. Neither is the Scottish Government, nurses or train drivers. Unlike you and the wankers in Westminster. As you consider yourself in the same class as a professor of economics. Which part of his link did you find largely incomprehensible and misspelt did you not understand. As the present clowns in Westminster are orchestrating strikes in bankrupt England as they know they have had it. Trying to invent enemies for idiots to hate. In terms of Scotland. I realise you think England is the UK. The trains, post etc in England, Westminster and every penny of Scottish tax goes to the UK treasury. All affect Scotland. But that is way beyond you. Good try on waffle. But not working. Your actual problem being apart from everybody is woke a leftie or in some other idiotic box that in reality, the idiots are in, and your inability in a box to even understand basic economics. Governments do not have money. The tax payer has it. Let the tax expert do the talking. This claim assumes that if £28 billion in extra wages is paid out this money just disappears, never to be seen again, and this assumption is so stupid it is laughable - except very few politicians seem to understand this. Let me explain. Let’s start with the fact that if £28 billion is paid out then this will top up existing pay. It will all be taxable and subject to national insurance. Assume tax is 20%, employee NI 12% and employer NI is 13.8% and the full NI cost is included in the £28bn.If you work the maths through the tax paid on that £28bn will be about 40.2% of the total in that case, or £11.3bn. That comes straight back to the government in other words. So the actual cost is already down to £16.7bn. That’s a lot less than £1,000 per household.
And when that £16.7bn gets into people’s pockets they will spend it. This means more tax is paid. Not everything has VAT on it, but assuming this new money is the top part of people’s incomes and they’ve already covered the basic costs of living much of it will. So, let’s assume there’s an average of 15% VAT on what is bought with this money. Do the maths and that’s another £2.2bn or so of tax paid. That means the cost is down to £13.5bn now: half has already come back. Then those who get paid this money also pay tax on it. Some will be income tax, and some corporation tax. Some more will be national insurance. We don’t know the mix. Let’s be generous and say it’s 30%. That’s another £4bn of tax paid. Cost now, £9.5bn. But those who get this money will also pay tax on it. And so will the person who gets it after that. In fact, everyone will pay tax on it until some person who is wealthy enough to save gets it and puts it in a deposit account and stops the money rolling. In short the wankers want a strike to invent a new enemy. And it is being swallowed already. By those who are really unhinged. And actually think they are sensible.
Now how about you writing to Professor Murphy a tax expert he has it all wrong. See link. Like you keep waffling about the Scottish economy. And that under present constitional arrangements as bankrupt England screws energy rich Scotland. Not a Scotland on its merry own. www.taxresearch.org.uk/Blog/2022/12/10/sunaks-talk-of-a-28bn-cost-of-public-sector-pay-rises-is-total-crap/www.taxresearch.org.uk/Blog/2022/12/15/we-need-inflation-matching-pay-rises/comment-page-1/ |
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Post by The Squeezed Middle on Dec 16, 2022 19:34:40 GMT
And another meaningless diatribe from the Keyboard Diarrhoeaist. Tell me - have you cut the bottom off your doors yet? I hear that wee Krankie's cut the bottoms off her drawers and there's still no takers. Why d'ye reckon that is?  |
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Post by Tinculin on Dec 16, 2022 20:07:23 GMT
Even if all your numbers are correct, in a crisis where your average person on minimum wage is struggling to pay skyrocketing energy costs and food prices, £1000 per household to pay nurses, who already earn far more than them, is simply money they can't afford.
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Post by om15 on Dec 16, 2022 20:10:09 GMT
Murphy is a Corbynista, In August 2015, many of Murphy's ideas were taken up as proposed policies by Jeremy Corbyn in the Labour Party leadership election. Corbyn was elected and became Leader of the Labour Party and Leader of the Opposition, his economics policies were dubbed "Corbynomics". This included a policy called People's Quantitative Easing.[31][32] - a broader development of a policy Murphy launched in 2010, called Green Quantitative Easing.[32][33] Corbyn also cited Murphy's estimate of there being £120 billion of missing tax revenue as part of the economic plan issued during his election campaign stating that this was enough to "double the NHS budget".[34] In addition, Corbyn adopted several of the remedies that Murphy has advocated (including country-by-country reporting) to address this revenue gap. Murphy later clarified that in his view not all of the missing revenue was "recoverable", and that "at best" £20 billion of it could be collected.[35] Murphy was notably not part of Labour's Economic Advisory Committee, which was set up after the leadership election in September 2015.[36] Murphy was an informal adviser to Corbyn,[36] though it is reported that he had hoped to have a position on the Labour Party Treasury Team.[37] Murphy said in June 2016 that those demanding a change in the Labour leadership were correct, "even if I will not agree with much of their reasoning". Corbyn had "not provided a vision of what his leadership will deliver", and concerning Labour's economic policies: "we have so far heard almost nothing that really progresses the ideas outlined last summer".[38] A few weeks later, Murphy criticised Corbyn's track record further writing "there was no policy direction, no messaging, no direction, no co-ordination, no nothing".[39][40] In a response to a question raised in the House of Commons, Labour's Shadow Chancellor John McDonnell stated with regard to Murphy "He is not the economic adviser and never has been, because we doubted his judgment, unfortunately. He is a tax accountant, not an adviser. He is actually excellent on tax evasion and tax avoidance, but he leaves a lot to be desired on macroeconomic policy".[41]Murphy has been described by the Daily Mirror journalist Kevin Maguire as an "heroic figure"[47] and the Guardian journalist Polly Toynbee has called him a "tireless campaigner".[48]en.wikipedia.org/wiki/Richard_Murphy_(tax_campaigner)Really, if you can't find a better source of information than these cranks you might as well read the Daily Mail. |
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Post by johnofgwent on Dec 16, 2022 20:28:39 GMT
JayDee
You were doing so well all the way to your assertion that the money will top up existing incomes and enable frittering away of the increase in luxuries.
Bollox
Fact is most if not all of any increase will be spent on reducing the trips to the food bank and charity shops for clothing.
The only people able to splash cash as you suggest are Fishy Rishi and his billionaires club of pals.
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Post by jaydee on Dec 16, 2022 21:01:14 GMT
Murphy is a Corbynista, In August 2015, many of Murphy's ideas were taken up as proposed policies by Jeremy Corbyn in the Labour Party leadership election. Corbyn was elected and became Leader of the Labour Party and Leader of the Opposition, his economics policies were dubbed "Corbynomics". This included a policy called People's Quantitative Easing.[31][32] - a broader development of a policy Murphy launched in 2010, called Green Quantitative Easing.[32][33] Corbyn also cited Murphy's estimate of there being £120 billion of missing tax revenue as part of the economic plan issued during his election campaign stating that this was enough to "double the NHS budget".[34] In addition, Corbyn adopted several of the remedies that Murphy has advocated (including country-by-country reporting) to address this revenue gap. Murphy later clarified that in his view not all of the missing revenue was "recoverable", and that "at best" £20 billion of it could be collected.[35] Murphy was notably not part of Labour's Economic Advisory Committee, which was set up after the leadership election in September 2015.[36] Murphy was an informal adviser to Corbyn,[36] though it is reported that he had hoped to have a position on the Labour Party Treasury Team.[37] Murphy said in June 2016 that those demanding a change in the Labour leadership were correct, "even if I will not agree with much of their reasoning". Corbyn had "not provided a vision of what his leadership will deliver", and concerning Labour's economic policies: "we have so far heard almost nothing that really progresses the ideas outlined last summer".[38] A few weeks later, Murphy criticised Corbyn's track record further writing "there was no policy direction, no messaging, no direction, no co-ordination, no nothing".[39][40] In a response to a question raised in the House of Commons, Labour's Shadow Chancellor John McDonnell stated with regard to Murphy "He is not the economic adviser and never has been, because we doubted his judgment, unfortunately. He is a tax accountant, not an adviser. He is actually excellent on tax evasion and tax avoidance, but he leaves a lot to be desired on macroeconomic policy".[41]Murphy has been described by the Daily Mirror journalist Kevin Maguire as an "heroic figure"[47] and the Guardian journalist Polly Toynbee has called him a "tireless campaigner".[48]en.wikipedia.org/wiki/Richard_Murphy_(tax_campaigner)Really, if you can't find a better source of information than these cranks you might as well read the Daily Mail. Oh you mean like your source who is spending time in Prison for sex offences. Or the last clown you quoted who is a out and out fascist. And Murphy may have advised Corbyn. . As you fail to even understand CORBYN WAS NEVER IN POWER. As coco the clown advised those in power. You really do come away with stupidity. As you blame Corbyn for the present disaster. So how about you correcting what Murphy said. Then explain the disaster of who advised Truss and the Tory's in the last 12 years. Who clearly were reading the daily mail. Take your time. First try a wee think before you post. |
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Post by jaydee on Dec 16, 2022 21:13:28 GMT
And another meaningless diatribe from the Keyboard Diarrhoeaist. Tell me - have you cut the bottom off your doors yet? I hear that wee Krankie's cut the bottoms off her drawers and there's still no takers. Why d'ye reckon that is? A Nigel the one line wonder. All statements and no substance. Do explain why you consider it diatribe. In terms of Wee Krankie. I would not kick her out of bed to get to you. Or do you consider you are the Earl Flynn of the working girls. Tell me something is there any point on you being on here. You contribute absolutely nothing but Diarrhoeaist one line wonder utter diatribe. Going back to the doors and Covid. It would have worked. Why do you reckon it would not have. That is a question. Unlike bin liners that had to be used with big Krankie Bojoke. And his billion's worth of PPE that will have to be destroyed. But meanwhile for over a year is stored costing the tax payer £700.000 a day. Why d'ye reckon that is? www.bbc.co.uk/news/uk-scotland-scotland-politics-60246163theglobalherald.com/news/angela-rayner-tories-are-wasting-700000-a-day-on-useless-ppe/ |
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Post by jaydee on Dec 16, 2022 21:15:36 GMT
JayDee You were doing so well all the way to your assertion that the money will top up existing incomes and enable frittering away of the increase in luxuries. Bollox Fact is most if not all of any increase will be spent on reducing the trips to the food bank and charity shops for clothing. The only people able to splash cash as you suggest are Fishy Rishi and his billionaires club of pals. No matey. More tax will be raised. As more money is spent. You were not or have ever done very well. |
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