2019 General Election Poll and Discussion

[bluesonichd]

At least labour admit they'll be raising taxes to pay for it all.

Taxing businesses so putting people out of work.
Labour... A bunch of arse

 

[Lurker]

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]

Just leave this here:
http://thetorymanifesto.com

 

[Stuie]

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.

There's a lot of wiggle room! As a company director, I'd say it can comfortably be increased.

 

[Rick]

@Stuie saved me a job.

 

[Britford]

Can someone explain to me how labour wont bankrupt the country?

 

[bluesonichd]

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.

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)."

 

[Lurker]

Can someone explain to me how labour wont bankrupt the country?

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.

 

[bluesonichd]

They plan to take profit making businesses (utilities, rail, broadband) and nationalise them so their profits can be reinvested in the country .

first having to borrow hundreds of billions £ to buy these companies.... = Zero profits for years

 

[speedy]

first having to borrow hundreds of billions £ to buy these companies.... = Zero profits for years

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]

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.

because are going to borrow £200bn ! not 50

 

[bluesonichd]

 

[Alsty]

[Citation needed]

 

[Britford]

And what do the rich think about this? Are they fine being targeted by the state for unequal taxation...or are they going to move countries to protect that hard earned wealth thus removing that wealth from the country? And if yes...then wheres the money coming from?

 

[bluesonichd]

[Citation needed]

"Labour's nationalisation plans would cost £200 billion, says CBI"
https://www.shropshirestar.com/news...sation-plans-would-cost-200-billion-says-cbi/

 

[Rick]

Can someone explain to me how labour wont bankrupt the country?

Your counter argument and supporting evidence on NHS and migration was seemingly signed, sealed and lost to cyberspace?

because are going to borrow £200bn ! not 50

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.

 

[Benzin]

Those earning about £80k annually will lose an extra £10 or so a month in new Labour tax rates...

Imagine leaving for a tax haven because of losing out on £120 a year more...

 

[Rick]

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?

"Labour's nationalisation plans would cost £200 billion, says CBI"
https://www.shropshirestar.com/news...sation-plans-would-cost-200-billion-says-cbi/

This is the same CBI who said Brexit would cost the UK £100bn, right?

 

[Britford]

Your counter argument and supporting evidence on NHS and migration was seemingly signed, sealed and lost to cyberspace?

After posting that, I saw the labour manifesto and decided that it would make for a more interesting and useful debate, sorry...

 

[bluesonichd]

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 " " and screw public companies, less investment in the UK, increasing the unemployment rate and giving the impression to the rest of the world that companies are not welcome to come and invest in the UK, we hate you