FORUMS FORUMS



  
FORUMS > The Sin Bin > The White Working Class
98 posts in 8 pages 
<<   PREV  NEXT   >>
RankPostsTeam
International Chairman26578
JoinedServiceReputation
Mar 200223 years
OnlineLast PostLast Page
Jul 2017Apr 2017LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: XBrettKennyX "I think this is partly where you don't understand economics.

You don't "create" jobs. If it was that easy everyone would be doing it.

What you do is create the conditions for jobs to exist.'"


I understand plenty thank you.

So the government wouldn't be creating jobs by building Highspeed 2 or the new Forth Road crossing? It wouldn't be creating jobs by investing in new house builds?

So what do we do while we are waiting for those conditions to exist?

RankPostsTeam
Player Coach20628
JoinedServiceReputation
Mar 200916 years
OnlineLast PostLast Page
Aug 2016Aug 2016LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Scrap income tax which plenty of well to do people avoid anyway, raise VAT.

RankPostsTeam
Player Coach20628
JoinedServiceReputation
Mar 200916 years
OnlineLast PostLast Page
Aug 2016Aug 2016LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Not saying it's a solution, just thinking out loud

RankPostsTeam
Club Owner6722No
Team
Selected
JoinedServiceReputation
Jun 200321 years
OnlineLast PostLast Page
May 2015Mar 2014LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Horatio Yed "Scrap income tax which plenty of well to do people avoid anyway, raise VAT.'"


It's also pretty harsh on the poorest people who will be hit disproportionately (even allowing for the VAT hitting more well off people more).

I agree with the direction though.

Create the conditions for people to work (incentives to do so) whilst removing incentives (i.e. cutting benefits) of not working.

Carrot and stick.

RankPostsTeam
International Chairman37704No
Team
Selected
JoinedServiceReputation
May 200223 years
OnlineLast PostLast Page
Aug 2018Aug 2018LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: XBrettKennyX "It's also pretty harsh on the poorest people who will be hit disproportionately (even allowing for the VAT hitting more well off people more).

I agree with the direction though.

Create the conditions for people to work (incentives to do so) whilst removing incentives (i.e. cutting benefits) of not working.

Carrot and stick.'"


It seems that you still seriously believe in "trickle down"

RankPostsTeam
International Chairman26578
JoinedServiceReputation
Mar 200223 years
OnlineLast PostLast Page
Jul 2017Apr 2017LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Horatio Yed "Scrap income tax which plenty of well to do people avoid anyway, raise VAT.'"


And how hard would that hit the lowest paid? VAT is a regressive tax that its the worst off the hardest.

You'd be better off cutting VAT and increasing Income Tax also have more tax bands even at the lower end, scrapping tax for the low paid just creates another disenfranchised underclass. Scrapping the celling for National Insurance would help too.

RankPostsTeam
International Chairman37704No
Team
Selected
JoinedServiceReputation
May 200223 years
OnlineLast PostLast Page
Aug 2018Aug 2018LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: XBrettKennyX "It's also pretty harsh on the poorest people who will be hit disproportionately (even allowing for the VAT hitting more well off people more).

'"


How on earth do you work that one out?

Just because someone pays more in VAT than another person, doesn't necessarily mean that they are "worse off".

Look at the percentage of VAT paid compared to disposable income and then tell me the rich are the harder hit by VAT.

Here's an example:

Cressida works in an investment bank and earns £120k per year

Charlene is on benefits

They each have a monthly period and need to buy tampons/sanitary towels

The VAT paid is the same.

Who feels the burden of the regressive tax more?

RankPostsTeam
Club Owner6722No
Team
Selected
JoinedServiceReputation
Jun 200321 years
OnlineLast PostLast Page
May 2015Mar 2014LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Big Graeme "And how hard would that hit the lowest paid? VAT is a regressive tax that its the worst off the hardest.

You'd be better off cutting VAT and increasing Income Tax also have more tax bands even at the lower end, scrapping tax for the low paid just creates another disenfranchised underclass. Scrapping the celling for National Insurance would help too.'"


Fundamentally disagree with having more bands. Indeed there is a very good argument for having a single rate of income tax.

One size fits all, you earn more you pay more tax. Very simple, understandable and efficient method.

RankPostsTeam
International Chairman37704No
Team
Selected
JoinedServiceReputation
May 200223 years
OnlineLast PostLast Page
Aug 2018Aug 2018LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: XBrettKennyX "Fundamentally disagree with having more bands. Indeed there is a very good argument for having a single rate of income tax.

One size fits all, you earn more you pay more tax. Very simple, understandable and efficient method.'"


Show one.

I have provided links in the past that prove when tax bands have been reduced in number, the total tax take has followed suit.

Stop peddling neo-con bollox and look at the facts

RankPostsTeam
Club Owner6722No
Team
Selected
JoinedServiceReputation
Jun 200321 years
OnlineLast PostLast Page
May 2015Mar 2014LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: cod'ead "Show one.

I have provided links in the past that prove when tax bands have been reduced in number, the total tax take has followed suit.

Stop peddling neo-con bollox and look at the facts'"


I already did, but to name a few:

1. The costs of administration will be massively reduced.

2. Easier for people to understand, less loopholes for people to exploit

3. Any shortfall in the above would be reclaimed through tax on consumption (e.g. VAT). No tax needed on savings. i.e. Pay as you go....

RankPostsTeam
International Chairman37704No
Team
Selected
JoinedServiceReputation
May 200223 years
OnlineLast PostLast Page
Aug 2018Aug 2018LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: XBrettKennyX "I already did, but to name a few

I asked for evidence NOT your (totally misguided) opinion

Him
RankPostsTeam
International Board Member14970No
Team
Selected
JoinedServiceReputation
Jun 200222 years
OnlineLast PostLast Page
Nov 2021Nov 2021LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: XBrettKennyX "I already did, but to name a few
In what way? Why is it massively cheaper? There are numerous online tax calculators that if I put my wage in will instantly tell me what income tax I pay. Are you saying that HMRC doesn't use a computerised system for working out my tax but a free website does?

Quote: XBrettKennyX " 2. Easier for people to understand, less loopholes for people to exploit '"

Not much easier. The vast majority of people can fairly easily work out their income tax with a calculator. Which loopholes would be closed?

Quote: XBrettKennyX " 3. Any shortfall in the above would be reclaimed through tax on consumption (e.g. VAT). No tax needed on savings. i.e. Pay as you go....'"

How would a loss of tax on ncome taxed at over 20% be reclaimed by a VAT on what must be by definition a lower (or at most, equal) amount? Without a large rise in VAT?
Disregarding the moral implications of moving tax take from a progressive system to a less fair system, the numbers simply don't stack up.

RankPostsTeam
International Chairman26578
JoinedServiceReputation
Mar 200223 years
OnlineLast PostLast Page
Jul 2017Apr 2017LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: XBrettKennyX "3. Any shortfall in the above would be reclaimed through tax on consumption (e.g. VAT). No tax needed on savings. i.e. Pay as you go....'"


Sounds like one of the principles of trickle down economics, hasn't it been proven with the last two governments that the only thing that trickles down is the £...

RankPostsTeam
International Chairman14522No
Team
Selected
JoinedServiceReputation
Feb 200223 years
OnlineLast PostLast Page
Jan 2014Jan 2014LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: Dally "I am afraid not. If we had mass employment in cheap textiles, coal mining and other such industries, we'd be alot poorer.'"


First it was "textiles", now it's "cheap textiles".
Your shifting has got you almost to the truth.
Now all you have to do is to acknowledge that coal mining is not the sole preserve of developing nations and you will be agreeing with me.

RankPostsTeam
International Chairman14522No
Team
Selected
JoinedServiceReputation
Feb 200223 years
OnlineLast PostLast Page
Jan 2014Jan 2014LINK
Milestone Posts
0
100
Milestone Years
0510 1520 2530
Location
Signature
TO BE FIXED



Quote: XBrettKennyX "I already did, but to name a few

1. Eventually.
2. A flat tax would not stop exploitation of loopholes via offshoring of corporate profits, non-doms shifting money around etc , etc.
3. a) VAT is regressive and inherently unfair b) Raising VAT retards economic growth, as we are seeing at the moment.

Introducing flat tax would obviously mean that the higher paid would pay less tax (indeed, that's why so many of them like the idea). That shortfall in tax-take would have to be made up from somewhere ... where? ... there would be no option other than getting it from the lower paid, the same people who would be hit hardest by the hike in VAT.

98 posts in 8 pages 
<<   PREV  NEXT   >>
98 posts in 8 pages 
<<   PREV  NEXT   >>



All views expressed are those of the author and not necessarily those of the RLFANS.COM or its subsites.

Whilst every effort is made to ensure that news stories, articles and images are correct, we cannot be held responsible for errors. However, if you feel any material on this website is copyrighted or incorrect in any way please contact us using the link at the top of the page so we can remove it or negotiate copyright permission.

RLFANS.COM, the owners of this website, is not responsible for the content of its sub-sites or posts, please email the author of this sub-site or post if you feel you find an article offensive or of a choice nature that you disagree with.

Copyright 1999 - 2024 RLFANS.COM

You must be 18+ to gamble, for more information and for help with gambling issues see https://www.begambleaware.org/.



Please Support RLFANS.COM


11.16552734375:10
RLFANS Recent Posts
FORUM
LAST
POST
TOPIC
POSTER
POSTS
16m
Transfer Talk V5
FGB
513
19m
Fixtures
Smithers99
10
19m
DoR - New Coach - Investor & Adam - New signings
Theeaststand
4048
23m
Ground Improvements
Khlav Kalash
197
28m
Shopping list for 2025
HU8HFC
5588
46m
Film game
Boss Hog
5763
Recent
Shirt reveal coming soon
Khlav Kalash
2
Recent
Salford
Smiffy27
59
Recent
Salary Cap Changes Blocked - 11 votes to 1
NickyKiss
9
Recent
2025 Recruitment
Pyrah123
212
FORUM
LAST
VIEW
TOPIC
POSTER
POSTS
30s
BORED The Band Name Game
Boss Hog
63268
37s
Salford
Smiffy27
59
1m
2025 Recruitment
Pyrah123
212
1m
Pre Season - 2025
Hullrealist
191
1m
Game - Song Titles
Boss Hog
40802
2m
2025 Squad
Sadfish
1
2m
Getting a new side to gel
Bullseye
1
3m
Salford placed in special measures
poplar cats
111
3m
Opening Championship and League One Fixtures for 2025 Released
RLFANS News
1
3m
New Kit
matt_wire
69
FORUM
NEW
TOPICS
TOPIC
POSTER
POSTS
TODAY
Shirt reveal coming soon
Khlav Kalash
2
TODAY
Opening Championship and League One Fixtures for 2025 Released
RLFANS News
1
TODAY
Getting a new side to gel
Bullseye
1
TODAY
Fixtures
Smithers99
10
TODAY
Writers required
H.G.S.A
1
TODAY
2025 Fixtures
Jemmo
1
NEWS ITEMS
VIEWS