Quantcast
  1. Welcome to Bantam Talk

    Why not register for an account?

    Not only can you then get fully involved in the community but you also get fewer ads

  2. Premium Membership now Available


    Please see this thread for more details

    Dismiss Notice

Cost of Living Crisis

Discussion in 'General Chat' started by YungNath, Jul 28, 2022.

  1. Clity

    Clity Fringe Player

    Joined:
    Oct 24, 2018
    Messages:
    1,163
    Likes Received:
    812
    You can tax the wealthy without impacting investment. If you earn 150K a year then I dont see a reason to decrease/increase taxation. That money will go into the economy. If you have billions then you wont be paying yourself a big wage. Its all held in assets. In the UK that is usually property, hence why the prices have continued to rise and rise. They will blame it on immigration and this fools people. In actuality itss fuelled by billionaires and multi millionaires. They being upwardly mobile can leave if they like. But they cant take their assets with them, if they try and sell them then good it means cheaper prices for the rest of us.

    Protecting billionaires like you propose is a fallacy. Its been done for 20 years or so now with the promise of trickle down or the promise of tax receipts continuing to come in. But its untrue and all that happens is the poor get hit. The thing is its now impacting the middle earners which clearly shows the system is broken.

    In short dont raise taxation on income raise it on assets and excess profits. Get back our stolen billions.
     
  2. YungNath

    YungNath Impact Sub

    Joined:
    Apr 9, 2018
    Messages:
    2,101
    Likes Received:
    2,237

    Except they don't, they really really don't. Like from personal experience and the experience of those around me, I cannot state how much they don't provide a better service than actual healthcare services. I would say currently charities are doing the lion's share of mental health work at present, and the biggest killer of men under 50 in the UK is suicide so they aren't doing that well are they. I say the government because they are responsible for the NHS and I want to see greater mental healthcare provision through the NHS.

    I'm advocating for looking at a system like that, seeing what works and how we can apply that to our own system to create a fairer system, not just copying it wholesale because that is overly simple.
     
  3. Aaron Baker

    Aaron Baker Impact Sub

    Joined:
    Apr 26, 2018
    Messages:
    3,819
    Likes Received:
    3,966
    I want to see greater mental health care provision but I can't for three life of me see why a government with 1000 other priorities would be able to give better assistance than another body who have one. But also, there is a possibility that no matter who provides it the outcome won't be perfect.

    Yes, I see that, but you can't advocate for a system and then ignore what it actually looks like. A simple tax system is generally a low tax system.
     
  4. Aaron Baker

    Aaron Baker Impact Sub

    Joined:
    Apr 26, 2018
    Messages:
    3,819
    Likes Received:
    3,966
    You're a bit all over the place. I haven't said they should protect billionaires, I said to you earlier that I'm even open to a wealth tax if its actually workable.

    What I've said is that you want to attract people and companies with money to invest in the UK. They have choices about where they live and grow their businesses and the amount of money taken from them is clearly one of the considerations.

    I don't really get the infatuation with billionaires though, as you say they're almost irrelevant to the discussion around taxation and the cost of living.
     
  5. Clity

    Clity Fringe Player

    Joined:
    Oct 24, 2018
    Messages:
    1,163
    Likes Received:
    812
    Because they increased their wealth massively off the back of the gov printing money. Which has led to inflation of house prices, cost of goods etc. Now the gov expects the money to come from ordinary people.

    Those with all the wealth wont be able to move their wealth with them if they decide to leave the UK. And those who want to invest here may be put off which in the grand scheme of things is a good thing as it deflates the value of money and leaves home owning something more achievable for ordinary people.

    If you are so enamoured to the idea of foreign direct investment then I struggle to see why you support brexit as its dropped massively since we left. Being in the EU was undeniably better for the UK in terms of FDI. It seems to me you are contradicting yourself because you are ok with pushing away FDI by voting to leave the single market but not happy to lose FDI by taxing those who grabbed all the cash from QE and Covid relief money. I just dont understand why you are happy to have inflation and a poorer UK when it could be stopped through taxation of one group in particular.
     
  6. Aaron Baker

    Aaron Baker Impact Sub

    Joined:
    Apr 26, 2018
    Messages:
    3,819
    Likes Received:
    3,966
    Of course they did. Whenever governments give more money away it eventually gets spent so goes to business owners. Where did people think the furlough cash and business support would end up. I'm not quite so sure your understanding of inflation is correct though if you think billionaires becoming richer is driving inflation though, I'm not sure it's Elon Musk driving up the house prices in Bingley for example.

    So you're saying that driving away business owners and employers is good for the economy?

    Who said anything about foreign? I mean it could be but it's anyone who wants to invest and has the means to choose where to do it. That could be a British entrepreneur too?

    I'm not happy to have inflation? Inflation is bad. I'm just not sure your theory about how to stop it is correct.

    I'm also not against taxing the wealthy....we do anyway.....I've just yet to see a proposal that would make it work and wouldn't drive them to putting their money/jobs/investment elsewhere.
     
    #486 Aaron Baker, Nov 11, 2022
    Last edited: Nov 11, 2022
  7. Park bantam

    Park bantam Regular Starter
    P.L.22/23 Entrant

    Joined:
    Apr 9, 2018
    Messages:
    18,287
    Likes Received:
    19,817
    It’s time to seperate health spending from general taxation so that people and governments can decide how much they want to pay and what sort of health service they want.
    The NHS is a brilliant asset to the country but it drains cash it’s time to fund it seperatly
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    bantamlad92 likes this.
  8. Fordy117

    Fordy117 Just call me Mr Flip-Flop!
    Bubbles car wash

    Joined:
    Apr 8, 2018
    Messages:
    17,428
    Likes Received:
    14,452
    Go F&ck yourself Tories!
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    bantamdave41 and Craven Cottager like this.
  9. Idlebantam

    Idlebantam Squad Player
    P.L.22/23 Entrant P.L.23/24 Entrant P.L. 20/21 Top 10

    Joined:
    Apr 8, 2018
    Messages:
    9,695
    Likes Received:
    21,316
    ..you really think you would be better off under Labour?
     
  10. Fordy117

    Fordy117 Just call me Mr Flip-Flop!
    Bubbles car wash

    Joined:
    Apr 8, 2018
    Messages:
    17,428
    Likes Received:
    14,452
    Yes! To be honest I judge those in charge.

    Not in to this Blue or Red bull. The Tories have fu&ked up and we are all paying for it. They are a disgrace!
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    Craven Cottager likes this.
  11. Fordy117

    Fordy117 Just call me Mr Flip-Flop!
    Bubbles car wash

    Joined:
    Apr 8, 2018
    Messages:
    17,428
    Likes Received:
    14,452
    They are setting traps for Labour by pushing all of the difficult decisions to 2025 and beyond knowing they have little chance of winning and leaving and absolute mess for the next government to clean up.

    They need to go and go now. Talk about fu&king up a country.
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  12. Idlebantam

    Idlebantam Squad Player
    P.L.22/23 Entrant P.L.23/24 Entrant P.L. 20/21 Top 10

    Joined:
    Apr 8, 2018
    Messages:
    9,695
    Likes Received:
    21,316
    I think you will find Covid and Putin are to blame for the mess we are in, indeed most of the world are in.

    Tell me what you think Labour would have done or would do to make things better than they are, because even Starmer and his chavvy deputy have been unable to answer that
     
    Tony Wilkinson likes this.
  13. Fordy117

    Fordy117 Just call me Mr Flip-Flop!
    Bubbles car wash

    Joined:
    Apr 8, 2018
    Messages:
    17,428
    Likes Received:
    14,452
    I think you will find that’s not true about covid and Putin. Every way we are the worst performing country in Europe.

    I couldn’t careless about what Labour would do. They are not in power. I judge those in power.

    Take off your blue glasses and admit they are a failure to the country and f@cked us all over!
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    Craven Cottager likes this.
  14. Craven Cottager

    Craven Cottager Squad Player

    Joined:
    Apr 8, 2018
    Messages:
    7,343
    Likes Received:
    12,346
    Retaing the triple lock won't persuade me to vote Tory ever.
    Brexit is to blame for this mess, not Covid or Putin.
    The Tories gave away billions to their Tory chums during Covid for no benefit to people like us.
     
  15. Dennis

    Dennis Captain
    Moderator Supporter

    Joined:
    Apr 8, 2018
    Messages:
    5,982
    Likes Received:
    15,005
    I think you'll find that most developed countries have all been impacted negatively by Covid and the huge increase in energy prices in similar ways. But that isn't the complete picture.

    There is one thing however which is unique to the UK and that's the impact on our economy from Brexit. That has clearly affected us but not other similar developed countries. For example, the OBR has only recently quoted the impact as reducing our GDP by 4% - that's more than £80 billion a year. The Bank of England has also said only recently that the UK is the only country in the G7 which has suffered a reduction in the size of its economy. We have experienced negative growth whilst the othe G7 countries have positive growth. The BoE puts that difference down to one factor - Brexit.

    Having listened to the Chancellor's statement, the impactof Brexit didn't even get the briefest of mentions. Equally, the shadow Chancellor's response failed to mention the B word either. Both parties continue to ignore the B word for their own but different political reasons. It's about time both parties came clean with the electorate so that an honest and mature debate can be had.
     
  16. bantamdave41

    bantamdave41 Regular Starter
    P.L.22/23 Entrant P.L.23/24 Entrant Euro 2020

    Joined:
    Apr 9, 2018
    Messages:
    7,093
    Likes Received:
    10,288
    Can't disagree
     
    Fordy117 likes this.
  17. Aaron Baker

    Aaron Baker Impact Sub

    Joined:
    Apr 26, 2018
    Messages:
    3,819
    Likes Received:
    3,966
    The biggest costs over the last three years have been propping up people like us.

    Now we're all paying for it. But what else was expected at the time.

    I wish they'd tried a different route but it seems that no matter who you vote for at the moment the only answer is to tax more and spend less no political choice at all.
     
  18. Idlebantam

    Idlebantam Squad Player
    P.L.22/23 Entrant P.L.23/24 Entrant P.L. 20/21 Top 10

    Joined:
    Apr 8, 2018
    Messages:
    9,695
    Likes Received:
    21,316
    Why would you not care what Labour do, because they are the only party who could challenge Conservatives at the next general election. Very strange thing to say if you are so determined to get rid of the Conservatives
     
    Tony Wilkinson likes this.
  19. Fordy117

    Fordy117 Just call me Mr Flip-Flop!
    Bubbles car wash

    Joined:
    Apr 8, 2018
    Messages:
    17,428
    Likes Received:
    14,452
    Because the party in charge have been in power for 12 years and we are in a worst state than ever before.

    We can only judge those in charge.

    Your comment of Labour wouldn’t do better is just stupid. Poor! You don’t know!
     
    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
  20. Idlebantam

    Idlebantam Squad Player
    P.L.22/23 Entrant P.L.23/24 Entrant P.L. 20/21 Top 10

    Joined:
    Apr 8, 2018
    Messages:
    9,695
    Likes Received:
    21,316
    As I replied earlier, we are in a worse state because of Covid and Putin.

    Didn't hear many complaints from the many thousands of people who were funded by the Government to sit at home watching Netflix for months on end during Covid. Well guess what, it needs paying back.

    The fuel crisis and massive hikes in the cost to us all is down to Putin.

    If you can't see either of those reasons as been a massive contribution toward the current cost of living crisis, then you are blinded by your hatred of the Conservatives.

    I will also repeat, not heard a dickie bird from Labour on how they would have fared better over the past 3 years or their alternative policies to the current Government's going forward.

    The one thing that really lets the government down for me is their constant inability to stop the thousands of illegal immigrants swamping us.
     
    Bronco and Tony Wilkinson like this.

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice