The problem is that the most driven, power hungry people who would stop at nothing to get ahead……they are the people who rise to the top and are the least suitable candidates
Budget
- Thread starter motorbiking
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Utter fantasy in an attempt by biking to invent an ad hominem attack.
Biking is not an honest or truthful man
Even those for it have a problem. It can have an indirect effect on wages or more correctly wage growth.
The BofE press conference was way more interesting really. It's effect on interest rates. The press did it's best to get them to say the change would hold off further reductions. Their response was +0.3% inflation is nothing remotely like the levels that they have had to deal with and also mentioned other factors that concern them. They expect a peak on CPI of 2.7%. The 0.3% is expected to drop quickly. Services and expected wage increases are still seen as a problem. They also predict that the economy will grow. So they intend to carry on as they have. Reduce interest rates steadily.
Trump - without knowing what he will actually do no comment.
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oh the irony.
a dishonest and untruthful statement. JohnD the renowned forum liar.
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Perhaps Motorbiking would like it if there was so much wealth inequality that the people at bottom couldn’t afford to heat their homes and buy enough to eat.
Oh wait a minute……that already happens, because the U.K. has massive wealth inequality.
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isn't that what you call a straw man?
I've said repeatedly that I like the idea of low paid people being given help to improve their skills and value, so that they can earn more and pay a greater share of taxes.
Hahaha haha!
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No I've said they pay most of the tax which is true.
When you pay hardly any tax, its easy to say how you are happy to increase taxes for services you want to use, knowing you wont be thee one paying.
Shock news
Some of the people with most of the money pay more tax than people with hardly any
Who could have seen that coming.
But it is the people at the bottom who supply the money that increases MBK's (and other wealthy peoples') wealth - the rent that they pay, the food that they buy, the energy that they consume...............
Those with no assets send their money upwards, to those with the assets.
Taxation of asset holdings (at, say, a rate equal to taxation of income) would go some way to addressing that inexorable shift of money upwards.
An area Labour intend to concentrate on.
Most of no - a higher proportion yes. That relates to income tax. The biggest tax collector.
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The top one per cent pay 30 per cent of all income tax revenues: a higher share than at any time in past twenty years. In other words, three in every ten pounds that the government receives in income tax is paid by just over 300,000 individuals.
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Rich people will most likely buy expensive luxury goods, fine food, dine out a lot at swanky restaurants and take lots of holidays. They will pay a huge amount of tax on most of those things. They may employ a few people and have to pay NI on them, more tax.
Politicians are sneakier these days. They know upping tax rates is very obvious and bad for their image. They use lots of clever ways to extract the cash out of us instead. Eg. dragging people into higher tax bands by not raising those bands. Lots of other inventive ways they can get their hands on our money too.
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