Tax cuts for the rich, hurrah!

[Deleted member 294929]

The only trickling down will experience is that warm feeling of be ****ed all over

Short lived but nice feeling.

 

[Deleted member 294929]

I dont understand " Trickling Down" the rich arent going to give away their wealth to the poor .

Supposedly they spend on new bathrooms buy new cars and use the local cafe and have an extra sausage.

In reality they will invest in foreign companies , holidays and just stick in the bank.

 

[Notch7]

When we got a mortgage and bought our house, one of the first things we took into consideration was 'we can afford this now, but could we afford this if rates went up'. If we couldn’t have, we wouldn’t have maxed out on the amount we could afford at the time and looked for a cheaper property. Perhaps people should try that when they are borrowing money? Perhaps people could also think of buying outright just the one old car to share between them instead of one each on lease, one modest holiday a year, not going out on the lash a couple of times a week, knocking the takeaways on the head, going without their morning coffee on the way to work and a shop bought lunch, not upgrading to the latest iPhone contract, doing without that Sky/Netflix/Prime/Disney/Britbox and Gym membership but nah, they won’t, they’ll blame others for the financial mess they get into.

We can always rely on Mottie for an uninformed trope.

 

[Mottie]

We can always rely on Mottie for an uninformed trope.

And you can always rely on idiots to max out on a mortgage when the the rate is as low as it’s ever been. Still, keeps the repossession market boyant I suppose.…..

 

[fillyboy]

Mottie's right, there has never been such a thing as affordable housing. It took a hard working couple pulling together and willing to make sacrifices to be able to afford to buy a house.

 

[Pat ex]

For a fair assessment of the likely results, just read the report which the Office of Budget Responsibility is obliged to produce.

What we do - Office for Budget Responsibility

The Office for Budget Responsibility was created in 2010 to provide independent and authoritative analysis of the UK’s public finances. It is one of a growing number of official independent fiscal watchdogs around the world.

obr.uk

Oooops.. you can't, because Truss has suppressed it.

What are you referring to JohnD?
The latest report was published just 4 days ago.

https://obr.uk//docs/dlm_uploads/September-2022-PSF-commentary.pdf

I'm no Truss supporter but facts are facts.
Sure it doesn't cover the current PM's term, but you wouldn't expect it to until about the end of October'ish.

And the medium term forecast is also not due until about end of October'ish.

I think there are annual reports, due out each July,
Medium term reports, due out each March and October
And Monthly commentaries, due out towards the end of each month, reporting on the previous month.

 

[Pat ex]

and rich will be strung up from lamp posts,

What utter nonsense

It is almost surprising that there are people stupid enough to spout this rubbish

It's now a racing certainty that the majority of the recent Leicester trouble was caused by fake news being spouted, and re-spouted on social media.

Did misinformation fan the flames in Leicester?

Unpicking the web of misinformation around the Leicester disorder.

www.bbc.com

Yet irresponsible people still post blatant nonsense.
Are they gullible or intentional, dangerous trouble-makers in their reposting of such nonsense?

 

[fillyboy]

It's now a racing certainty that the majority of the recent Leicester trouble was caused by fake news being spouted, and re-spouted on social media.
View attachment 280537

View attachment 280538

Did misinformation fan the flames in Leicester?

Unpicking the web of misinformation around the Leicester disorder.

www.bbc.com

Yet irresponsible people still post blatant nonsense.
Are they gullible or intentional, dangerous trouble-makers in their reposting of such nonsense?

It's not fake news that Mohammed Hijab has recently spent some time in Leicester fanning the flames.

 

[Mottie]

Mottie's right, there has never been such a thing as affordable housing. It took a hard working couple pulling together and willing to make sacrifices to be able to afford to buy a house.

Yep, we scrimped and scraped for three years to get a deposit together, bought a wreck of a house, had EVERYTHING apart from the bed second or third hand and lived in the upstairs only for a year while we worked on it. Rewired, replumbed, new kitchen, new bathroom, new windows, central heating installed, changed most of the floors due to woodworm/damp/rot, replastered etc etc. Virtually everyone we knew that bought a house did that. I seriously doubt any youngsters do that these days.

 

[Pat ex]

It's not fake news that Mohammed Hijab has recently spent some time in Leicester fanning the flames.

According to a Sikh/Hindu Indian newspaper.
It illustrates how desperate you are to foment social division.

One fake story clearly showed how Muslims were the victims.
Many fake stories were located to have originated from India:

Within a sample of 200,000 tweets, BBC Monitoring found that just over half of mentions were made by accounts that the tool geo-located to India.

https://www.bbc.com/news/blogs-trending-63009009

 

[carmanmemoranda]

Supposedly they spend on new bathrooms buy new cars and use the local cafe and have an extra sausage.

In reality they will invest in foreign companies , holidays and just stick in the bank.

This is the point that trickling down doesnt work, it never has before, either.

The working man is always in need (or want) of something. He gets a bonus or is taxed less and gets a few quid extra, then he spends it. Shops, tradesmen, garages etc benefit.
The very wealthy get a bit extra ( lots more than the average worker) but dont need to spend it in the same way. It goes into savings or similar and doesnt benefit the working man.
Money in the system only trickles down when it is spent.
Its very apt to call it a trickle too. Its only like the overflow in a bath. The pool of money stays out of reach, but a little excess gets washed away and we are all suppposed to get excited and share what little gets to flow over.

 

[carmanmemoranda]

Yep, we scrimped and scraped for three years to get a deposit together, bought a wreck of a house, had EVERYTHING apart from the bed second or third hand and lived in the upstairs only for a year while we worked on it. Rewired, replumbed, new kitchen, new bathroom, new windows, central heating installed, changed most of the floors due to woodworm/damp/rot, replastered etc etc. Virtually everyone we knew that bought a house did that. I seriously doubt any youngsters do that these days.

Great.

Most people now cant even afford a mortgage and have to rent.

If I had to rent I wouldnt want it to be a wreck either !

 

[fillyboy]

Yep, we scrimped and scraped for three years to get a deposit together

**** that, we just borrowed £500 from the bank. For reasons I've never understood, Banks wouldn't lend money for that purpose so we had to pretend it was to buy a second hand Cortina.
Our difficulty was finding a lender who could provide a mortgage, in the end we had to pay another 'monkey' to a financial advisor who 'knew' a building society who had the funds as long as we took out an endowment mortgage. Ditched that for a standard repayment a few years later when we moved house and money supply eased.

 

[fillyboy]

This is the point that trickling down doesnt work, it never has before, either.

The working man is always in need (or want) of something. He gets a bonus or is taxed less and gets a few quid extra, then he spends it. Shops, tradesmen, garages etc benefit.
The very wealthy get a bit extra ( lots more than the average worker) but dont need to spend it in the same way. It goes into savings or similar and doesnt benefit the working man.
Money in the system only trickles down when it is spent.
Its very apt to call it a trickle too. Its only like the overflow in a bath. The pool of money stays out of reach, but a little excess gets washed away and we are all suppposed to get excited and share what little gets to flow over.

I've been self employed for 30 years now and in all that time, my customer base has never consisted of people who don't have a pot to p155 in. Trickle down economics has served me well for the last 30 years.

 

[carmanmemoranda]

I've been self employed for 30 years now and in all that time, my customer base has never consisted of people who don't have a pot to p155 in. Trickle down economics has served me well for the last 30 years.

Have to put in a quote and sometimes wait for people to find the money first ? Possibly you got the money instead of a new carpet, or kitchen, or holiday etc.

We are all making a living, but there is no free cash flying about.