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Post by Agadoo on Jan 3, 2011 22:14:08 GMT
I see Ed Moribund has got on his soap box in criticism of the VAT increase but Labour would have increased National Insurance instead which would have hit poorer people harder, and Labour ruined the economy. Back in your boxes war mongerers.
The VAT Increase is fair and a tax increase I accept
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Post by hairy on Jan 4, 2011 10:27:28 GMT
I know i am biting here but if labour are war mongerers that does not mean the tories aint. Didnt they vote for the invasion of Iraq?
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Post by Gavin Archery on Jan 4, 2011 10:29:31 GMT
Milliband should just shut up.
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Post by peterdevo on Jan 4, 2011 10:34:22 GMT
I think the VAT increase is a big mistake especially where fuel is concerned. This results in further price increases as everything is transported by road rail or air. When inflation goes up again, there will a clamour for interest rates to rise. This will do nothing to help people in rural areas, nothing to generate business. Silly me. I thought it was only Labour who were anti motorist, now the coalition are jumping on the bandwagon. Increases in income tax are the fairest way to raise money.
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Post by Gavin Archery on Jan 4, 2011 10:36:18 GMT
I think the VAT increase is a big mistake especially where fuel is concerned. This results in further price increases as everything is transported by road rail or air. When inflation goes up again, there will a clamour for interest rates to rise. This will do nothing to help people in rural areas, nothing to generate business. Silly me. I thought it was only Labour who were anti motorist, now the coalition are jumping on the bandwagon. Increases in income tax are the fairest way to raise money. Income tax doesn't affect everyone though. Only those who have a job.
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Post by peterdevo on Jan 4, 2011 11:18:51 GMT
Can the unemployed in general afford income tax? VAT rises will hit them harder too. The way forward is to help those who are struggling a bit not penalise them for being poor. All those in work are struggling except some of the really major earners like top footballers etc maybe the answer is hit them in the pocket and use the money to help those less fortunate. Not suggesting 90% tax rates...
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Post by chris1986 on Jan 4, 2011 11:31:40 GMT
Can the unemployed in general afford income tax? VAT rises will hit them harder too. The way forward is to help those who are struggling a bit not penalise them for being poor. All those in work are struggling except some of the really major earners like top footballers etc maybe the answer is hit them in the pocket and use the money to help those less fortunate. Not suggesting 90% tax rates... Don't need to raise tax rates for the very high earners just need to close the loopholes they all use at the moment so they actually pay the current rates. Also agree about fuel as well. It's staggering how much money is taken by the government from motorists yet only a fraction of it goes to improving the road network and public transport infrastructure.
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Post by peterdevo on Jan 4, 2011 12:19:00 GMT
Agreed on both of those. Fuel costs hit me as a driving instructor. There is less business around because a lot of those made redundant are now training to be instructors. A lot of them won't qualify and will be off the road after six months. Around my way there are lots of trainees instructing from Red and BSM charging less than Market rate, possibly good for pupils although parents would be disappointed if they found out their sons or daughters were taught by trainees who are not fully qualified. A 30p a gallon increase is the last thing I need right now.
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Post by Agadoo on Jan 4, 2011 12:36:25 GMT
Can the unemployed in general afford income tax? VAT rises will hit them harder too. The way forward is to help those who are struggling a bit not penalise them for being poor. All those in work are struggling except some of the really major earners like top footballers etc maybe the answer is hit them in the pocket and use the money to help those less fortunate. Not suggesting 90% tax rates... So taxing people's pay more will help those struggling ? I suppose taking away the 10p tax rate really helped them as well?
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Post by Yellow River on Jan 4, 2011 17:59:45 GMT
Osborne is clearly wrong to call the VAT hike 'progressive'
The Institute for Fiscal Studies reckons that the VAT rise will lop 1% off the after-tax incomes of the richest 10% – and 2.25% off those of the neediest 10%. That is hardly progressive.
An alternative could be a levy a tax on land values. Here is an extract from a Guardian article;-
Since all the land in Britain is worth some £5 trillion, an annual levy of 1% could raise £50bn a year – without depressing economic activity, because land is in fixed supply: central London can't be spirited away to a tax haven.
As well as preventing property bubbles (and busts), a land tax would be fair. A mere 160,000 people (mostly hereditary landowners) own more than two-thirds of Britain – and the value of that land increases not through their own striving, but through that of others. Surely it would be better to tax this windfall gain than the hard work and enterprise of those who generate it? And since infrastructure improvements, such as a high-speed rail network, boost surrounding land values, a land tax could also help to finance investment in future growth. There is an alternative to austerity – if only the government would.
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Post by Lone Gunman on Jan 4, 2011 18:37:09 GMT
I think the VAT increase is a big mistake especially where fuel is concerned. This results in further price increases as everything is transported by road rail or air. When inflation goes up again, there will a clamour for interest rates to rise. This will do nothing to help people in rural areas, nothing to generate business. Silly me. I thought it was only Labour who were anti motorist, now the coalition are jumping on the bandwagon.Increases in income tax are the fairest way to raise money. Couldn't help having a bit of a sly snicker at that sentence. Agree with your sentiments though.
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Post by dannyc on Jan 4, 2011 18:47:49 GMT
i wish jim levenstein would shut up
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Post by Agadoo on Jan 4, 2011 19:53:44 GMT
Osborne is clearly wrong to call the VAT hike 'progressive' The Institute for Fiscal Studies reckons that the VAT rise will lop 1% off the after-tax incomes of the richest 10% – and 2.25% off those of the neediest 10%. That is hardly progressive. An alternative could be a levy a tax on land values. Here is an extract from a Guardian article;- Since all the land in Britain is worth some £5 trillion, an annual levy of 1% could raise £50bn a year – without depressing economic activity, because land is in fixed supply: central London can't be spirited away to a tax haven. As well as preventing property bubbles (and busts), a land tax would be fair. A mere 160,000 people (mostly hereditary landowners) own more than two-thirds of Britain – and the value of that land increases not through their own striving, but through that of others. Surely it would be better to tax this windfall gain than the hard work and enterprise of those who generate it? And since infrastructure improvements, such as a high-speed rail network, boost surrounding land values, a land tax could also help to finance investment in future growth. There is an alternative to austerity – if only the government would. That's not a bad idea, even though I don't always buy into the theory the rich should supporting the poor, better redistribution of wealth is one thing but the prosperous keeping single mums on council estates in fags is a labour ideology we need to smash.
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Post by peterdevo on Jan 4, 2011 19:57:59 GMT
I agree entirely with your assertion that we need to defeat the culture of those who are prospering supporting single mums in fags. the whole benefits culture needs an overhaul and encouragement given to businesses and employees to thrive, those who don't want to work deserve a size twelve boot up the arse
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Post by Gavin Archery on Jan 5, 2011 9:22:05 GMT
Osborne is clearly wrong to call the VAT hike 'progressive' The Institute for Fiscal Studies reckons that the VAT rise will lop 1% off the after-tax incomes of the richest 10% – and 2.25% off those of the neediest 10%. That is hardly progressive. An alternative could be a levy a tax on land values. Here is an extract from a Guardian article;- Since all the land in Britain is worth some £5 trillion, an annual levy of 1% could raise £50bn a year – without depressing economic activity, because land is in fixed supply: central London can't be spirited away to a tax haven. As well as preventing property bubbles (and busts), a land tax would be fair. A mere 160,000 people (mostly hereditary landowners) own more than two-thirds of Britain – and the value of that land increases not through their own striving, but through that of others. Surely it would be better to tax this windfall gain than the hard work and enterprise of those who generate it? And since infrastructure improvements, such as a high-speed rail network, boost surrounding land values, a land tax could also help to finance investment in future growth. There is an alternative to austerity – if only the government would. That's not a bad idea, even though I don't always buy into the theory the rich should supporting the poor, better redistribution of wealth is one thing but the prosperous keeping single mums on council estates in fags is a labour ideology we need to smash. Who is going to keep them then?
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Post by Boogaloo on Jan 5, 2011 9:52:09 GMT
Motorists have been getting a proper royal shafting with taxes for as long as I can remember - Value Added TAX on fuel with a ridiculous fuel TAX imposed on it so they can drive their cars which they purchased which comprised of more Value Added TAX , and in order to comply with the law we then have to purchase an Annual Vehicle TAX disc.
It's about time motorists got a proper break, as the bottom line is that we need our cars to get to work. Yes we can use public transport, but increasing fuel duty forces people to use public transport, which then means that rail and bus networks increase prices because they are businesses, and it's about supply and demand. The vicious circle needs to be broken, and a tax break on the long-suffering motorist would be a start.
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Post by amarillo on Jan 5, 2011 10:00:13 GMT
The taxes on drivers would be fair enough if they were used to subsidise public transport, but they aren't. What needs to happen is the public transport services nationalised and run for the people not for profit.
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Post by hairy on Jan 5, 2011 10:05:07 GMT
The price of running a car now is getting ridiculous, my car costs me with every thing added in not far off of a weeks wages a month. But it is only going to get worse I am afraid and if i could sell my car and get by without I would, but unfortunately I cant.
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Post by Agadoo on Jan 5, 2011 10:15:53 GMT
To be fair rail services have improved since privitisation. They were abysmal before, slam door trains, decrepit stations and a generally poor service.
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Post by hairy on Jan 5, 2011 10:21:12 GMT
But the train jorneys are pricey as now and is the service any better? Got a mate who pays £4000 a year for an oxford - london season ticket and claims they are quite often delayed.
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