FORUMS > The Sin Bin > It's a Double dip |
|
|
Rank | Posts | Team |
International Chairman | 14845 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Oct 2021 | Jul 2021 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
143_1357419061.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_143.jpg |
|
| Quote: Ferocious Aardvark "So, what broad alternative would you propose?'"
"Growth" is going to be exceedingly difficult to achieve in our high cost economy at a time of global economic uncertainty and a desperate Eurozone (which needs breaking up asap for all our sakes. Hopefully the French socialist will get elected and the Germans pull out of the ridiculous project).
So, we're left with increasing taxes / cutting spending. Increasing taxes dampens economic activity so, sadly, we're left with cutting public spending much more dramatically, deregulation of the labour market and policy aimed at devaluing the pound.
|
|
|
|
Rank | Posts | Team |
International Board Member | 28186 | No Team Selected |
Joined | Service | Reputation |
Apr 2003 | 22 years | |
Online | Last Post | Last Page |
Aug 2016 | Aug 2016 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
Transparent Backgrounds/Waldorf.gif "As you travel through life don't sweat the petty things and don't pet the sweaty things" - George Carlin
[url:2cg5oc2o]http://twitter.com/AndyGilder[/url:2cg5oc2o]
[url:2cg5oc2o]http://fromthewesternterrace.blogspot.co.uk[/url:2cg5oc2o]
This week: Four keys to a Rhinos win in the WCC:Transparent Backgrounds/Waldorf.gif |
|
| Quote: Dally "we're left with cutting public spending much more dramatically, deregulation of the labour market and policy aimed at devaluing the pound.'"
How is being able to force the proles to work longer, for less money, at greater risks to their health and safety, going to do anything other than create wealth for those exploit their labour? And where do you think that wealth will be spent, if not on villas in tax havens and expensive tax avoidance schemes?
Henry Ford was smart enough to figure out that if he made the Model T affordable enough, and paid his workers a good enough wage, they would be able to buy his products thereby keeping his business going. Economic stimulation comes from putting spending money in the pockets of the majority of society, not in the bank accounts of the few.
|
|
|
|
Rank | Posts | Team |
Club Owner | 17898 | |
Joined | Service | Reputation |
Oct 2003 | 21 years | |
Online | Last Post | Last Page |
Mar 2020 | Aug 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
7384_1394882426.png [url=http://www.bbc.co.uk/sport/0/rugby-league/14252202:io879g1y]2005 Challenge Cup[/url:io879g1y]
To reconcile respect with practicality, what is the optimum speed for a hearse?:d7dc4b20b2c2dd7b76ac6eac29d5604e_7384.png |
|
| Quote: Dally ""Growth" is going to be exceedingly difficult to achieve in our high cost economy at a time of global economic uncertainty and a desperate Eurozone (which needs breaking up asap for all our sakes. Hopefully the French socialist will get elected and the Germans pull out of the ridiculous project).
So, we're left with increasing taxes / cutting spending. Increasing taxes dampens economic activity so, sadly, we're left with cutting public spending much more dramatically, deregulation of the labour market and policy aimed at devaluing the pound.'"
Or balancing taxes, by, for example, reducing VAT/fuel duty, and reintroducing the 50% tax rate to anyone employed in an investment bank (betting shop) earning (or rather being paid - earning implies the work has a value) more than £100000 a year.
|
|
|
|
Rank | Posts | Team |
International Chairman | 14845 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Oct 2021 | Jul 2021 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
143_1357419061.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_143.jpg |
|
| Quote: Chris28 "Or balancing taxes, by, for example, reducing VAT/fuel duty, and reintroducing the 50% tax rate to anyone employed in an investment bank (betting shop) earning (or rather being paid - earning implies the work has a value) more than £100000 a year.'"
So, you want job specific taxes?
What about sportsmen for example? Doctors? Public servants (sic)?
|
|
|
|
|
Rank | Posts | Team |
International Chairman | 14845 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Oct 2021 | Jul 2021 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
143_1357419061.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_143.jpg |
|
| Quote: Chris28 "Or balancing taxes, by, for example, reducing VAT/fuel duty, and reintroducing the 50% tax rate to anyone employed in an investment bank (betting shop) earning (or rather being paid - earning implies the work has a value) more than £100000 a year.'"
If you have a thing about investment bankers then an article in The Guardian a few years back gave a perfect solution. As they like to think they are special, they should be treated like pole dancers. In other words, they should bid each year to work in an investment bank. The top bidders get the jobs and keep a percentage of the profits they generate. If they have a bad year the bank at least has their bid money. It would be interesting to see how many really believe they are good enough to bid a couple of million quid for the chance to work with the banks / its customers money for a year.
|
|
|
|
Rank | Posts | Team |
International Chairman | 14522 | No Team Selected |
Joined | Service | Reputation |
Feb 2002 | 23 years | |
Online | Last Post | Last Page |
Jan 2014 | Jan 2014 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
1136_1263489772.jpg Freedom without Socialism is privilege and injustice.
Socialism without freedom is slavery and brutality.:d7dc4b20b2c2dd7b76ac6eac29d5604e_1136.jpg |
|
| Quote: Dally ""Growth" is going to be exceedingly difficult to achieve in our high cost economy at a time of global economic uncertainty and a desperate Eurozone ..'"
I guess then, by your reckoning, that neither of the US and Germany have such a high cost economy?
They have recovered back to a point where they have slightly higher GDP than they had in Q1 2008 ... but the UK still wallows at -4.5% (i.e. minus 4.5%) over the same period.
|
|
|
|
|
Rank | Posts | Team |
International Board Member | 47951 | No Team Selected |
Joined | Service | Reputation |
May 2002 | 22 years | |
Online | Last Post | Last Page |
Aug 2017 | Jul 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
1977_1349889235.jpg "You are working for Satan." [i:2886spie]Kirkstaller[/i:2886spie]
"Dare to know!" [i:2886spie]Immanuel Kant[/i:2886spie]
"Do not take life too seriously. You will never get out of it alive" [i:2886spie]Elbert Hubbard[/i:2886spie]
"We are all in the gutter, but some of us are looking at the stars." [i:2886spie]Oscar Wilde[/i:2886spie]
[url=http://thevoluptuousmanifesto.blogspot.co.uk:2886spie][color=#4000FF:2886spie]The Voluptuous Manifesto[/color:2886spie][/url:2886spie] – thoughts on all sorts of stuff.:d7dc4b20b2c2dd7b76ac6eac29d5604e_1977.jpg |
|
| Pish! What are you doing posting facts, Mr B?
Next you'll want to remind people that the US engaged in a programme of stimulus.
|
|
|
|
Rank | Posts | Team |
International Chairman | 14845 | No Team Selected |
Joined | Service | Reputation |
Dec 2001 | 23 years | |
Online | Last Post | Last Page |
Oct 2021 | Jul 2021 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
143_1357419061.jpg :d7dc4b20b2c2dd7b76ac6eac29d5604e_143.jpg |
|
| Quote: El Barbudo "I guess then, by your reckoning, that neither of the US and Germany have such a high cost economy?
They have recovered back to a point where they have slightly higher GDP than they had in Q1 2008 ... but the UK still wallows at -4.5% (i.e. minus 4.5%) over the same period.'"
The US and Germany are different beasts. The US is racking up ridiculous levels of debt and the jury is to whether their approach orf the UKs will prove better in the longer-term. Germany makes alot of things people want and export them. That's why I want the pound devalued further so we can stimulate exports (and curtail import of finished goods). Germany does though have its own problems by virtue of the Eurozone and its also weak banks. At some point those chickens may come home to roost for them and they will need to act. That should put a brake on their economy.
Britain is a baset case though. When Gordon Brown announced we were better placed than most when the 2008 crisis broke, I recall arguing on here and elsewhere that we were actually one of the worst placed and we'd take 10 years to get over it. I see nothing to change my mind.
|
|
|
|
|
Rank | Posts | Team |
International Chairman | 32466 | No Team Selected |
Joined | Service | Reputation |
Feb 2002 | 23 years | |
Online | Last Post | Last Page |
Aug 2018 | Aug 2018 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
1122_1318449976.jpg Someday everything is gonna be different, When I paint my masterpiece
------------------------------------------------------
[url=http://jerrychicken.wordpress.com/:k4m40udg]The Jerry Chicken Blog Page[/url:k4m40udg]
------------------------------------------------------
[url=http://www.artgallery.co.uk/artist/gary_kitchen_2:k4m40udg]BUY MY ART ONLINE AT ARTGALLERY.CO.UK[/url:k4m40udg]
[url=https://theartonlinegallery.com/artist/garykitch/:k4m40udg]AT THE RIPPINGHAM GALLERY[/url:k4m40udg]
....................................................................
[url=http://art-profiles.com/gary-kitchen/:k4m40udg]ART PROFILE[/url:k4m40udg]
...................................................................
[url=http://twitter.com/GaryKitch:k4m40udg]On Twitter[/url:k4m40udg]
...................................................................
[url=http://www.facebook.com/gary.kitchen2:k4m40udg]On Facebook[/url:k4m40udg]
...................................................................:d7dc4b20b2c2dd7b76ac6eac29d5604e_1122.jpg |
|
| Quote: Dally " When Gordon Brown announced we were better placed than most when the 2008 crisis broke, I recall arguing on here and elsewhere that we were actually one of the worst placed and we'd take 10 years to get over it. I see nothing to change my mind.'"
I'd hand in my RLFans log-in details if you did.
|
|
|
|
Rank | Posts | Team |
International Board Member | 47951 | No Team Selected |
Joined | Service | Reputation |
May 2002 | 22 years | |
Online | Last Post | Last Page |
Aug 2017 | Jul 2017 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
1977_1349889235.jpg "You are working for Satan." [i:2886spie]Kirkstaller[/i:2886spie]
"Dare to know!" [i:2886spie]Immanuel Kant[/i:2886spie]
"Do not take life too seriously. You will never get out of it alive" [i:2886spie]Elbert Hubbard[/i:2886spie]
"We are all in the gutter, but some of us are looking at the stars." [i:2886spie]Oscar Wilde[/i:2886spie]
[url=http://thevoluptuousmanifesto.blogspot.co.uk:2886spie][color=#4000FF:2886spie]The Voluptuous Manifesto[/color:2886spie][/url:2886spie] – thoughts on all sorts of stuff.:d7dc4b20b2c2dd7b76ac6eac29d5604e_1977.jpg |
|
| Quote: Dally "... I see nothing to change my mind.'"
We had lower national debt than Germany (and other countries drawn into the crisis) at the time.
This is a fact.
In 2008-09, the deficit was lower than it had been since before 1979.
That is a fact.
Worrying about national debt as percentage of national income is simplistic: from approximately 1740 to the late 1870s, for instance, the UK consistently had a national debt of over 100% of national income.
That is a fact.
Things have got worse because of the cretins currently in office, because of policies that are economically illiterate or simply designed to cream off as much as possible for them and their friends.
|
|
|
|
Rank | Posts | Team |
Club Owner | 17898 | |
Joined | Service | Reputation |
Oct 2003 | 21 years | |
Online | Last Post | Last Page |
Mar 2020 | Aug 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
7384_1394882426.png [url=http://www.bbc.co.uk/sport/0/rugby-league/14252202:io879g1y]2005 Challenge Cup[/url:io879g1y]
To reconcile respect with practicality, what is the optimum speed for a hearse?:d7dc4b20b2c2dd7b76ac6eac29d5604e_7384.png |
|
| Quote: Dally "So, you want job specific taxes?
What about sportsmen for example? Doctors? Public servants (sic)?'"
It was only a suggestion and is probably not viable anyway. The point was that those are the clowns that helped to cause the mess, that the government of the time had to sort out (and Minty and I have discussed THAT issue ). On that basis, perhaps they should be making a more than normal contribution to the recovery, don't you think, even if its only to thank us poor taxpayers for keeping them in the lifestyle they'd become accustomed to?
|
|
|
|
Rank | Posts | Team |
International Chairman | 14522 | No Team Selected |
Joined | Service | Reputation |
Feb 2002 | 23 years | |
Online | Last Post | Last Page |
Jan 2014 | Jan 2014 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
1136_1263489772.jpg Freedom without Socialism is privilege and injustice.
Socialism without freedom is slavery and brutality.:d7dc4b20b2c2dd7b76ac6eac29d5604e_1136.jpg |
|
| Quote: Mintball "Pish! What are you doing posting facts, Mr B?
Next you'll want to remind people that the US engaged in a programme of stimulus.'"
Quite.
Doesn't work though does it?
I mean Alistair Darling did it and GDP went up and we can't be having that can we?
I remember Gideon saying that his plan was working (when it was Darling's stimulus still working through the system.)
Since those first two quarters of this government, it's been downhill.
|
|
|
|
Rank | Posts | Team |
Club Owner | 17898 | |
Joined | Service | Reputation |
Oct 2003 | 21 years | |
Online | Last Post | Last Page |
Mar 2020 | Aug 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
7384_1394882426.png [url=http://www.bbc.co.uk/sport/0/rugby-league/14252202:io879g1y]2005 Challenge Cup[/url:io879g1y]
To reconcile respect with practicality, what is the optimum speed for a hearse?:d7dc4b20b2c2dd7b76ac6eac29d5604e_7384.png |
|
| Quote: El Barbudo "I remember Gideon saying that his plan was working (when it was Darling's stimulus still working through the system.)
Since those first two quarters of this government, it's been downhill.'"
That can't be right surely?
|
|
|
|
Rank | Posts | Team |
Club Owner | 17898 | |
Joined | Service | Reputation |
Oct 2003 | 21 years | |
Online | Last Post | Last Page |
Mar 2020 | Aug 2019 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
7384_1394882426.png [url=http://www.bbc.co.uk/sport/0/rugby-league/14252202:io879g1y]2005 Challenge Cup[/url:io879g1y]
To reconcile respect with practicality, what is the optimum speed for a hearse?:d7dc4b20b2c2dd7b76ac6eac29d5604e_7384.png |
|
| Quote: El Barbudo "I remember Gideon saying that his plan was working (when it was Darling's stimulus still working through the system.)
Since those first two quarters of this government, it's been downhill.'"
That can't be right surely?
|
|
|
|
Rank | Posts | Team |
Player Coach | 14302 | No Team Selected |
Joined | Service | Reputation |
Aug 2005 | 19 years | |
Online | Last Post | Last Page |
Sep 2018 | Sep 2015 | LINK |
Milestone Posts |
|
Milestone Years |
|
Location |
|
Signature |
17123_1311448581.jpg If you only knew the POWER of the dark side.:d7dc4b20b2c2dd7b76ac6eac29d5604e_17123.jpg |
|
| Quote: Chris28 "That can't be right surely?'" I can not see how anyone would be so thick as to not see this coming.
Lay off/reduce the income of millions and there is no way an economy is going to head anyway but down.
Gideon maybe a lot of things but I dont think he is thick which leads to option 2.
He is upperclass slime and doesn't give a monkies about the plebs as long as him and his mates do ok.
|
|
|
|
|
|