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2019 General Election Poll and Discussion
- Thread starter Rob
- Start date
Taxing businesses so putting people out of work.
Labour... A bunch of arse
Any evidence to support that?
Surely this depends on which businesses are taxed, and on which metric.
Given our current corporation tax is one of the lowest in the developed world, it would appear there is at least a little wiggle room.
Stuie
TS Member
Just leave this here:
http://thetorymanifesto.com
http://thetorymanifesto.com
Stuie
TS Member
There's a lot of wiggle room! As a company director, I'd say it can comfortably be increased.
bluesonichd
TS Member
https://www.adamsmith.org/blog/the-effect-of-labours-corporation-tax
"The truth behind the IFS claim is that people, rather than companies, suffer the burden of corporation tax. Either the company has less wealth (so the shareholder bears the burden), or the company increases its prices to keep its after-tax income the same (so the consumer suffers), or wages are reduced, staff are laid off and new staff are not hired, to cut costs and maintain the same after-tax income (so the workforce bears the pain)."
Can you explain how they would?
If they tax people and businesses (focusing on the rich), and use that money to invest across the company.
They plan to take profit making businesses (utilities, rail, broadband) and nationalise them so their profits can be reinvested in the country and not have money being sent out of the country to line shareholders (in many cases foreign governments) pockets.
By investing in these fields you create jobs, lowering unemployment and reducing demand on the welfare state, saving more money.
EU immigrants pay far more in tax than they cost, so they push for FOM (potentially adding measures such as requiring EU immigrants to find work within 3 months or leave, as is allowed under EU rules) and then use the immigrants to not only work vitally important jobs but also turn a profit.
There is no evidence that labour is bad with the economy, quite the opposite. On average the deficit has increased more under conservatives.
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bluesonichd
TS Member
first having to borrow hundreds of billions £ to buy these companies.... = Zero profits for years
speedy
TS Member
It has already been pointed out to you in this thread that Johnson plans to borrow £20bn a year. If £20bn is okay, why not £50bn as interest rates are low just now.
bluesonichd
TS Member
because are going to borrow £200bn ! not 50
bluesonichd
TS Member
bluesonichd
TS Member
"Labour's nationalisation plans would cost £200 billion, says CBI"
https://www.shropshirestar.com/news...sation-plans-would-cost-200-billion-says-cbi/
Rick
TS Member
- Favourite Ride
- Crux
Your counter argument and supporting evidence on NHS and migration was seemingly signed, sealed and lost to cyberspace?
You can't look at spending in isolation. You have to look at spending vs the anticipated return. Some of the industries Labour are planning to are nationalise are immensely profitable, some less so.
I'm not a big fan of nationalisation, but to dismiss it purely on the basis that it's too expensive is depressingly simplistic, like most of the conversation in this thread.
Rick
TS Member
- Favourite Ride
- Crux
Also @bluesonichd, for what it's worth - which might be nothing. Do you not see any disparity in telling us that our economy is big enough and strong enough for Brexit but not able to sustain borrowing to nationalise profitable industries?
This is the same CBI who said Brexit would cost the UK £100bn, right?
After posting that, I saw the labour manifesto and decided that it would make for a more interesting and useful debate, sorry...
bluesonichd
TS Member
Also @bluesonichd, for what it's worth - which might be nothing. Do you not see any disparity in telling us that our economy is big enough and strong enough for Brexit but not able to sustain borrowing to nationalise profitable industries?
/QUOTE]
its strong enough unless Labour get in "