Queens Fish Bar 7:55 Wed Jan 3
Tax and the political economy.
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Interesting and get some good debate too.
http://www.taxresearch.org.uk/Blog/
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Replies - In Chronological Order ( Show Newest Messages First)
Mex Martillo
8:37 Wed Jan 3
Re: Tax and the political economy.
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I like the first line, "Over the past few decades, the concentration of wealth and property in the hands of a few has been facilitated by tax evasion, tax avoidance, and above all by tax competition."
So true, nice to see it in black and white that the rich concentrate their wealth by avoiding tax and ensuring the lower and especially the middle classes pay taxes to keep the whole economy going...
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lowermarshhammer
8:46 Wed Jan 3
Re: Tax and the political economy.
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I don't even know why people worry about this.
It's been the way of humanity since year dot.
One thing is for sure;; Corbyn and his sixth form rebel level of thinking Chancellor bleating on about ' stop austerity' as if they have a magical money tree, well they aint going to change SHIT.
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Hermit Road
9:03 Wed Jan 3
Re: Tax and the political economy.
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Mex Martillo 8:37 Wed Jan 3
That’s all well and good and plays well on a Guardian podcast until you look at the actual evidence which shows that the tax burden in this country has been increasing on the highest earners, not the middle and lower incomes.
Don’t believe everything Comrade McDonnel says.
http://www.bbc.co.uk/news/uk-politics-39641222
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Hermit Road
9:04 Wed Jan 3
Re: Tax and the political economy.
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https://www.ft.com/content/a23513f8-1e0b-11e7-a454-ab04428977f9
More evidence
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Gavros
9:05 Wed Jan 3
Re: Tax and the political economy.
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tax is for the little people.
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Queens Fish Bar
9:40 Wed Jan 3
Re: Tax and the political economy.
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If gov or BoE cannot get control of a cryptocurrency then they will be unable to drive a fiscal policy.
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Gavros
9:58 Wed Jan 3
Re: Tax and the political economy.
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it'll only take one big back and everyone will get out.
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Mex Martillo
10:01 Wed Jan 3
Re: Tax and the political economy.
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Hermit not sure what is the worse scenario that the rich get richer avoiding tax or that the rich are so rich that the top 1% pay 25% of the income tax, quite incredible. Imagine 25% from 1% and I guess that is with a high degree of avoidance as something must must be wrong that 2 such extreme views can be supported.
All I know is I have 2 Governments after my contribution and it is a nightmare filling in 2 forms that I do not even fully understand.
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Hammer and Pickle
10:17 Wed Jan 3
Re: Tax and the political economy.
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Progressive taxation must be the most counterproductive policy since human sacrifice to appease the gods - you're having a Laffer Curve.
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Queens Fish Bar
10:36 Wed Jan 3
Re: Tax and the political economy.
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If you read the blog and discussions, it moves the discussion on from which % pays what % of tax (which is just put out there to make us argue amongst ourselves).
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ray winstone
10:44 Wed Jan 3
Re: Tax and the political economy.
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Tax the rich.
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Hammer and Pickle
10:53 Wed Jan 3
Re: Tax and the political economy.
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I believe we need to be working towards a citizens' budget approach to tax whereby democratically agreed policy aims at local, regional and national levels are matched with voluntary contributions. The rich would eventually compete for the privilege of contributing in return for recognition status and social capital.
I'm afraid I didn't find the blog very interesting.
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Queens Fish Bar
10:57 Wed Jan 3
Re: Tax and the political economy.
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Lets start with agreeing what level of pubic services we want funded publicly:
- Social care/health
- police
- fire
-education
- infrastructure
- defence
- etc
Then work out how it gets funded.
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Queens Fish Bar
10:57 Wed Jan 3
Re: Tax and the political economy.
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*public* ag ag ag
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Nurse Ratched
10:59 Wed Jan 3
Re: Tax and the political economy.
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Ha!
I don't think anyone wants pubic fires, QFB:-)
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Hammer and Pickle
11:06 Wed Jan 3
Re: Tax and the political economy.
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This has got legs - we're all motivated at the pubic level.
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Hermit Road
11:21 Wed Jan 3
Re: Tax and the political economy.
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Mex, it isn’t just the top 1% of earners whose share of the tax burden has increased, but the top 25% of earners whilst the lower and middle earners share of the tax burden has decreased. This is important because it directly contradicts the dishonest narrative put out by Marxist McDonell and supported by The Guardian and swallowed whole by everyone under the age of 35.
The way extremists gain control is to create a narrative based on lies and then to pretend that only their extreme measures will provide the solution. Now that we have a Marxist party about to gain control in this country, it has become more important than ever to try and look at the truth.
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Hammer and Pickle
11:28 Wed Jan 3
Re: Tax and the political economy.
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Good grief Hermit, I'm glad you stay well away from anything vaguely real.
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Johnson
11:31 Wed Jan 3
Re: Tax and the political economy.
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What's he said that is wrong Thickle?
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Hammer and Pickle
11:39 Wed Jan 3
Re: Tax and the political economy.
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He completely misses the point about the progressive tax system being counterproductive as he simply ignores basic relative disposable income while attempting to defend the rich against the poor.
Like you Johnson, he needs an education if he doesn't want his pants pulled down by the more intellectually robust and the usually not necessarily as benevolent as your mate Pickle.
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