Socialism

[Deleted member 63160]

Company? I'm just a sole trader innit.

​

I admire your honesty, genuinely. All the other remain/corbyn supporting posters on here claim much greatness, as if it enforces their opinions.
The ones that only work "at degree level" or are "racing drivers" etc. Fair play on this.​

 

[SirGalahad]

You can't unionise self employment.

IWGB disagrees.

 

[JohnD]

.

 

[SirGalahad]

Really? Interesting. Labour peeps on telly recently saying how we need more social housing and the stigma of council housing needs to be stopped. Tory types agree apparently.

Social housing is a linked but separate issue. In the third world many people were seen as un- bankable (major banks really did not want to provide services to the poor) so the creation of small microfinance orgs and community banks focused on the local population let people pool money together and lend to each other to say buy a small sowing machine and then through small investments be able to raise their incomes.

The same principle can be used in the UK at a small local level to create opportunities for those who just need some help to get back into working or develop an idea.

 

[SirGalahad]

So Corbyn said today about raising corporation tax.

May was saying, UK will have lowest corporation tax in G20 and UK is a good country for business.

Well then the tax burden will fall on us and not the corporations which will impact those corps more who actually employ large number of people and provide goods and services than those who make their income from capital ie finance companies, investment funds etc.

We will just see taxes rise elsewhere or services cut.

In the US the corp tax cuts by Trump did not lead to more business investment or increased employment. The money was funnelled back to investors via share buybacks and rising share prices. So if the intention was to reward investors -it worked but to increase investment it didn't.

 

[Deleted member 63160]

Social housing is a linked but separate issue. In the third world many people were seen as un- bankable (major banks really did not want to provide services to the poor) so the creation of small microfinance orgs and community banks focused on the local population let people pool money together and lend to each other to say buy a small sowing machine and then through small investments be able to raise their incomes.

The same principle can be used in the UK at a small local level to create opportunities for those who just need some help to get back into working or develop an idea.

Your words were "work their way out of council estates". Don't back peddle. Tell us what you think is wrong with council estates that people need help to get out.

 

[Notch7]

It is already almost the lowest.

It could be increased and still be one of the lowest.

Some people think that more public money should be spent on, for example, the NHS and Social Housing.

Depends how you view it.

Small businesses, especially shops pay a great deal in business rates, which since business sector receive virtually no local services, means its just a general tax.

Nothing wrong with raising corp tax on larger businesses. Nothing wrong with ending tax haven loopholes.

Whilst I appreciate the well meaning ideology of a fairer society, imposing a living wage, higher corp tax, workers to be on the board and shareholders etc, could result in inflation, less jobs and ultimately less revenue.

 

[SirGalahad]

Your words were "work their way out of council estates". Don't back peddle. Tell us what you think is wrong with council estates that people need help to get out.

Back peddling? You seem to have misunderstood what I meant. What I meant was those who live there can find better opportunities with help. People who live in these estates are on the lowest income. If we invested in these areas to create better work opportunities then it would benefit the economy.

So over to you.

 

[Deleted member 63160]

Back peddling? You seem to have misunderstood what I meant. What I meant was those who live there can find better opportunities with help. People who live in these estates are on the lowest income. If we invested in these areas to create better work opportunities then it would benefit the economy.

So over to you.

Say what you mean in future then.

 

[SirGalahad]

Nothing wrong with raising corp tax on larger businesses. Nothing wrong with ending tax haven loopholes.

Whilst I appreciate the well meaning ideology of a fairer society, imposing a living wage, higher corp tax, workers to be on the board and shareholders etc, could result in inflation, less jobs and ultimately less revenue.

Land value Tax.

 

[Judy in the sky]

Don't need to.

All I need to do is make sure that the people who work for me have a share of the wealth and are fairly treated.

I'm just a sole trader innit.

That makes sense. (unless you're a fishmonger)

 

[motorbiking]

We will benefit hugely from lower corporation tax. Just think of all those internationals who'll open offices here to save money. Dublin, Luxembourg, Holland and Denmark will be the losers. Particularly Dublin.

 

[Notch7]

Well then the tax burden will fall on us and not the corporations which will impact those corps more who actually employ large number of people and provide goods and services than those who make their income from capital ie finance companies, investment funds etc

I dont disagree, I wasnt making the case for ultra low corporation tax, just highlighting the irony of diametrically opposed views announced on the same day.

Whilst I understand trickle down theory is a myth, imposing too many controls on business does not help maximise tax revenue.

Raising corporation tax wont becessarily raise the anticipated revenue, businesses may rethink their strategy.

Long term raising productivity is the real way to achieve sustainable growth in wages without causing inflation.

Short term changes like the living wage may geberate better paid jobs, but there are likely to be fewer of them and it could be inflationary.

 

[Roger928]

Spread the wealth I say

Indeed. A slice of yours needs removing and given to corbyns poor people.
You can sacrifice yer holidays. No big loss.
Power to the people.

 

[motorbiking]

Arguably creating a labour shortage is a good way to encourage business to invest in technology to improve productivity.