These people are having us all over!

Benny, when you get to retirement do as I've done over here in Florida in the storms, strap yourself in and enjoy the ride.
In a perfect world, you'd retire and everything would fall into place but unfortunately life ain't like that pal 😕
Can I see it ending? Not really but it may get better.
Am I going to let it ruin the rest of my life?
Fuck no. Me n Mrs Wizz will get by the best we can.
That's all you can do mate.
What's the saying?
Don't let the bastards grind you down.
 
Wizzerboy said:
Benny, when you get to retirement do as I've done over here in Florida in the storms, strap yourself in and enjoy the ride.
In a perfect world, you'd retire and everything would fall into place but unfortunately life ain't like that pal 😕
Can I see it ending? Not really but it may get better.
Am I going to let it ruin the rest of my life?
Fuck no. Me n Mrs Wizz will get by the best we can.
That's all you can do mate.
What's the saying?
Don't let the bastards grind you down.
Click to expand...
The bastards have already got me down WizzerBoy, you've got out with a sum but don't think these fuckers couldn't take your monthly off you, it was very bloody close yesterday. Us worker ants/labour are being had over like we've always been 😡
** rich/privileged boys/girls playing with poor people's lives, like it has always been, keeping us down, keeping us working to earn a crust, keeping us needy - absolute tossers, whether they are blue, red or yellow makes no odds - they will dictate how we live our lives, and how good a life we are allowed. Absolutely ** pissed off with all these useless bastard we have no choice but to vote for who run our/ruin our lives.

Single malts get me thoughtful and a tad angry 🙄🤬😡
 
Bennys_was_a_mob said:
All politicians (no matter what front) all bankers, all authorities, all large employers, all having us over on every front - we are being had over in every which way you could think of.

Savers, investors - fucked over, pensioners, pensions savers - fucked over, energy suppliers ** us over food suppliers etc etc.

When does it end and how does it end? If it ever does?

59 years old and absolutely totally fucked off with all the shite we are being fed at the moment. Working since 16 yearof age over 42 years in full employment, never unemployed and expecting (hoping for) a decent few years enjoying life but all these fuckers seem to be determined to steal this from me. FUCK THEM ALL 🤬🤬🤬🤬
What is the answer 🥺🤬
Click to expand...
The Bank Of England is bankrupt as is the Vatican Bank as is the Federal Reserve. A new system is being implemented against the Rothschilds hence global manic times.
 
The establishment doesn't care about you, I or anyone outside of the establishment, even if they used to, the gears of government are designed to protect those who already prosper from the gears of government.

Look on the bright side though, Putin is probably going to escalate the Ukraine war beyond Ukraine so pensions are going to be a triviality in comparison.
 
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Lytham_fy8 said:
The establishment doesn't care about you. I or anyone outside of the establishment, even if they used to, the gears of government are designed to protect those who already prosper from the gears of government.

Look on the bright side though, Putin is probably going to escalate the Ukraine war beyond Ukraine so pensions are going to be a triviality in comparison.
Click to expand...
Yep, we could all be nuked
 
Lytham_fy8 said:
The establishment doesn't care about you. I or anyone outside of the establishment, even if they used to, the gears of government are designed to protect those who already prosper from the gears of government.

Look on the bright side though, Putin is probably going to escalate the Ukraine war beyond Ukraine so pensions are going to be a triviality in comparison.
Click to expand...
... really buzzing for the day after reading that...🤣
 
Bennys_was_a_mob said:
All politicians (no matter what front) all bankers, all authorities, all large employers, all having us over on every front - we are being had over in every which way you could think of.

Savers, investors - fucked over, pensioners, pensions savers - fucked over, energy suppliers ** us over food suppliers etc etc.

When does it end and how does it end? If it ever does?

59 years old and absolutely totally fucked off with all the shite we are being fed at the moment. Working since 16 yearof age over 42 years in full employment, never unemployed and expecting (hoping for) a decent few years enjoying life but all these fuckers seem to be determined to steal this from me. FUCK THEM ALL 🤬🤬🤬🤬
What is the answer 🥺🤬
Click to expand...
That ,s the reason i moved to Spain 5 years ago at 66 same as you you never took a penny off the bastards, my dad died in a care home in blackpool ,then i had a letter saying sorry to hear your dads died, but you owe us £5000 some think to do with care fees even though we were paying £600 per week for a year ,i had enough of uk policies.
 
Bennys_was_a_mob said:
The bastards have already got me down WizzerBoy, you've got out with a sum but don't think these fuckers couldn't take your monthly off you, it was very bloody close yesterday. Us worker ants/labour are being had over like we've always been 😡
** rich/privileged boys/girls playing with poor people's lives, like it has always been, keeping us down, keeping us working to earn a crust, keeping us needy - absolute tossers, whether they are blue, red or yellow makes no odds - they will dictate how we live our lives, and how good a life we are allowed. Absolutely ** pissed off with all these useless bastard we have no choice but to vote for who run our/ruin our lives.

Single malts get me thoughtful and a tad angry 🙄🤬😡
Click to expand...
take it easy pal chill.
 
Putin invaded Ukraine. That caused the energy instability which has led to huge energy price increases across the world.
The PM has just announced an incredibly expensive package of measures to keep our bills down over the winter. I’m not sure how that’s screwing us over. But some weirdly see that as the establishment not giving a damn.
 
Wizzerboy said:
Benny, when you get to retirement do as I've done over here in Florida in the storms, strap yourself in and enjoy the ride.
In a perfect world, you'd retire and everything would fall into place but unfortunately life ain't like that pal 😕
Can I see it ending? Not really but it may get better.
Am I going to let it ruin the rest of my life?
Fuck no. Me n Mrs Wizz will get by the best we can.
That's all you can do mate.
What's the saying?
Don't let the bastards grind you down.
Click to expand...
Wizzer, are you and family OK after the Hurricane?
 
Bennys_was_a_mob said:
All politicians (no matter what front) all bankers, all authorities, all large employers, all having us over on every front - we are being had over in every which way you could think of.

Savers, investors - fucked over, pensioners, pensions savers - fucked over, energy suppliers ** us over food suppliers etc etc.

When does it end and how does it end? If it ever does?

59 years old and absolutely totally fucked off with all the shite we are being fed at the moment. Working since 16 yearof age over 42 years in full employment, never unemployed and expecting (hoping for) a decent few years enjoying life but all these fuckers seem to be determined to steal this from me. FUCK THEM ALL 🤬🤬🤬🤬
What is the answer 🥺🤬
Click to expand...
Only just realised? The working class is here to serve a tiny few wealthy people. It's all one big game you never win.

When they raised the pension age by 2 years, it was basically stealing £18,000 out of your bank account that you would have had in future but nobody was able to do anything about it.
 
Malced said:
Putin invaded Ukraine. That caused the energy instability which has led to huge energy price increases across the world.
The PM has just announced an incredibly expensive package of measures to keep our bills down over the winter. I’m not sure how that’s screwing us over. But some weirdly see that as the establishment not giving a damn.
Click to expand...
The cost of living payments were granted because our great and good were too scared not to do so. Don't mistake fear of the plebs as caring about them.
 
Malced said:
Putin invaded Ukraine. That caused the energy instability which has led to huge energy price increases across the world.
The PM has just announced an incredibly expensive package of measures to keep our bills down over the winter. I’m not sure how that’s screwing us over. But some weirdly see that as the establishment not giving a damn.
Click to expand...
That’s true as far as it goes but the package of support for energy users was well known before the so called mini budget. And was similar to what many other countries are doing. The associated borrowing was known in September and didn’t cause a ripple in the markets as they knew it was needed. And frankly the government didn’t have any choice - hence the Truss U turn after the “no more handouts” comment.

The chaos in the markets over the last week was caused by the borrowing associated with the uncosted tax cuts for the rich and the sidelining of the OBR. That and the fact the government and the BoE seemed to be sending out different messages - the government adopting policies that could trigger even higher inflation while the bank was trying to control inflation. And it’s that chaos that’s led to the plummeting pound, an additonal £65bn spend over the next 13 days to save insurance companies and banks and the higher interest and mortgage rates that will inevitably follow. Meanwhile the energy companies avoid a windfall tax on their massive profits and friends of the Tories make a fortune shorting the pound.

So the op has a valid point.
 
Mexboroseasider said:
That’s true as far as it goes but the package of support for energy users was well known before the so called mini budget. And was similar to what many other countries are doing. The associated borrowing was known in September and didn’t cause a ripple in the markets as they knew it was needed. And frankly the government didn’t have any choice - hence the Truss U turn after the “no more handouts” comment.

The chaos in the markets over the last week was caused by the borrowing associated with the uncosted tax cuts for the rich and the sidelining of the OBR. That and the fact the government and the BoE seemed to be sending out different messages - the government adopting policies that could trigger even higher inflation while the bank was trying to control inflation. And it’s that chaos that’s led to the plummeting pound, an additonal £65bn spend over the next 13 days to save insurance companies and banks and the higher interest and mortgage rates that will inevitably follow. Meanwhile the energy companies avoid a windfall tax on their massive profits and friends of the Tories make a fortune shorting the pound.

So the op has a valid point.
Click to expand...

I don't disagree with much of that. But it's wrong to portray the tax cuts as tax cuts for the rich.
we all get poorer if there's no growth. The reversal of the NI rise and the reduction in the base rate of income tax help most everyone.
Cuts to corporation tax help businesses' invest and grow. It attracts new investment to the UK. Scrapping the cap on bankers bonuses keeps the city of london as a magnet for such financial activity - activity which is a significant part of our GDP and our collective wealth as a nation. They've not done this because they want some fly guy to get a flashier car. They've done it because other EU countries such as France are trying to take this financial activity for themselves.

If you want the country to go backwards then tax the rich and tax business more and more. They'll simply go elsewhere and we'll end up with a large slice of a very small pie, rather than a medium slice of a very large pie.
 
Malced said:
I don't disagree with much of that. But it's wrong to portray the tax cuts as tax cuts for the rich.
we all get poorer if there's no growth. The reversal of the NI rise and the reduction in the base rate of income tax help most everyone.
Cuts to corporation tax help businesses' invest and grow. It attracts new investment to the UK. Scrapping the cap on bankers bonuses keeps the city of london as a magnet for such financial activity - activity which is a significant part of our GDP and our collective wealth as a nation. They've not done this because they want some fly guy to get a flashier car. They've done it because other EU countries such as France are trying to take this financial activity for themselves.

If you want the country to go backwards then tax the rich and tax business more and more. They'll simply go elsewhere and we'll end up with a large slice of a very small pie, rather than a medium slice of a very large pie.
Click to expand...
Well clearly the markets don’t agree with you.

Hence the meltdown over the last seven days. Which has only been stemmed (and temporarily at that) by the BoE pledge to spend an ADDITIONAL £65 billion pounds over the next fortnight buying gilts. And interest rates are only going one way, possibly as high as 6% according to some commentators.

Meanwhile friends of the PM and Chancellor have made unimaginable sums from betting against the pound.

There’s no getting away from the fact the mini budget was a complete an utter clusterfcuk. Both in its presentation and its content.
 
Mexboroseasider said:
Well clearly the markets don’t agree with you.

Hence the meltdown over the last seven days. Which has only been stemmed (and temporarily at that) by the BoE pledge to spend an ADDITIONAL £65 billion pounds over the next fortnight buying gilts. And interest rates are only going one way, possibly as high as 6% according to some commentators.

Meanwhile friends of the PM and Chancellor have made unimaginable sums from betting against the pound.

There’s no getting away from the fact the mini budget was a complete an utter clusterfcuk. Both in its presentation and its content.
Click to expand...

‘The markets’ which by the way are comprised of a load of ‘rich’ investors and their representatives, were spooked because of the cost of the measures and the additional borrowing requirement allied with the fact it was a new PM - and because the measures were huge and done outside of a normal budget and didn’t have the same rigour applied by the OBR.

No market representative can deny that a cut to base rate income tax and a lowering of NI, benefits all. The energy price support also benefited all. So it’s completely disingenuous to portray the mini budget as cuts for the rich. That’s a very selective way of looking at it.
 
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Malced said:
‘The markets’ which by the way are comprised of a load of ‘rich’ investors and their representatives, were spooked because of the cost of the measures and the additional borrowing requirement allied with the fact it was a new PM - and because the measures were huge and done outside of a normal budget and didn’t have the same rigour applied by the OBR.

No market representative can deny that a cut to base rate income tax and a lowering of NI, benefits all. The energy price support also benefited all. So it’s completely disingenuous to portray the mini budget as cuts for the rich. That’s a very selective way of looking at it.
Click to expand...
The average wage in Blackpool is around £25,000 with many on substantially less. The cut in the tax rate gives them around £250 pa. Tax cuts don't benefit the poorest, who aren't in the fortunate position to pay any tax.

The scrapping of the 45% band gives those fortunate enough to be earning enough to be in it, another £10,000 pa. What alternative universe are you in if you think that's anything but cuts that disproportionately benefit the rich, never mind the scrapping on the limit on bankers' bonuses.

No coincidence that the OBR report is being held back until the end of November.
 
Malced said:
‘The markets’ which by the way are comprised of a load of ‘rich’ investors and their representatives, were spooked because of the cost of the measures and the additional borrowing requirement allied with the fact it was a new PM - and because the measures were huge and done outside of a normal budget and didn’t have the same rigour applied by the OBR.

No market representative can deny that a cut to base rate income tax and a lowering of NI benefits all. The energy price support also benefited all. So it’s completely disingenuous to portray the mini budget as cuts for the rich. That’s a very selective way of looking at it.
Click to expand...
Any benefits that the budget conveyed to ordinary people has been wiped out by the contribution to inflation and the corresponding rises in interest rates on mortgages. Not having a properly costed budget with OBR approval and reporting was a stupid, reckless and fundamentally naïve thing to do. As is stoking the economy at the same time that the BoE is trying to curtail inflation, government and the BoE are effectively working against each other. And it is too late now, much of the damage has already been done.
People who are buying homes will really feel this. Mortgages of £750 pcm reportedly rising to £1500 pcm on re-mortgage, interest rate offers changing from 4.5% to 10.5% overnight because of government arrogance and incompetence. 40% of all mortgage products pulled from the market overnight. It completely negates the package designed to help with energy bills. Rank stupidity from people who are driven by a dogma that has never ever worked. Just because something is written in a book somewhere doesn't mean that it is true.
Blaming Putin or world conditions, pointing to Germanys 11% inflation rate, blaming the prospect of a Labour government or people who want the country to fail is an insult to the intelligence of all of us. This crisis was caused directly by the actions of an incompetent government. They need to own it and change tack before they do even more damage or better still let us, the electorate, have a say. None of us voted for this, Conservative voters at the last election voted for something completely different.
The word chaos doesn't even begin to describe it.
 
Malced said:
‘The markets’ which by the way are comprised of a load of ‘rich’ investors and their representatives, were spooked because of the cost of the measures and the additional borrowing requirement allied with the fact it was a new PM - and because the measures were huge and done outside of a normal budget and didn’t have the same rigour applied by the OBR.

No market representative can deny that a cut to base rate income tax and a lowering of NI, benefits all. The energy price support also benefited all. So it’s completely disingenuous to portray the mini budget as cuts for the rich. That’s a very selective way of looking at it.
Click to expand...
Somebody on 20,000 is 167.18 a year better off, somebody on 200,000 over 5000 a year better off.
There is a massive issue with the cost of living so why give the very comfortable more disposable income and do so little to help those on a very tight budget?
 
Malced said:
I don't disagree with much of that. But it's wrong to portray the tax cuts as tax cuts for the rich.
we all get poorer if there's no growth. The reversal of the NI rise and the reduction in the base rate of income tax help most everyone.
Cuts to corporation tax help businesses' invest and grow. It attracts new investment to the UK. Scrapping the cap on bankers bonuses keeps the city of london as a magnet for such financial activity - activity which is a significant part of our GDP and our collective wealth as a nation. They've not done this because they want some fly guy to get a flashier car. They've done it because other EU countries such as France are trying to take this financial activity for themselves.

If you want the country to go backwards then tax the rich and tax business more and more. They'll simply go elsewhere and we'll end up with a large slice of a very small pie, rather than a medium slice of a very large pie.
Click to expand...
This is all just basic trickle down economics theory presented as fact. Germany has a 30-33% effective tax rate and they do ok (their gdp per capita is higher than ours right now). From what I'm seeing talked about now, rather than a smaller corporation tax, businesses want stability, and public investment. Apparently we are days away from the government announcing cuts to capital investment and r&d. If that happens that will have far greater effect on business investment than not rising coporation tax. What stimulates growth? Well capital investment is always a good bet. Businesses want to see a government matching their investment by putting money into infrastructure, and we may be about to see big cuts.
 
Malced said:
I don't disagree with much of that. But it's wrong to portray the tax cuts as tax cuts for the rich.
we all get poorer if there's no growth. The reversal of the NI rise and the reduction in the base rate of income tax help most everyone.
Cuts to corporation tax help businesses' invest and grow. It attracts new investment to the UK. Scrapping the cap on bankers bonuses keeps the city of london as a magnet for such financial activity - activity which is a significant part of our GDP and our collective wealth as a nation. They've not done this because they want some fly guy to get a flashier car. They've done it because other EU countries such as France are trying to take this financial activity for themselves.

If you want the country to go backwards then tax the rich and tax business more and more. They'll simply go elsewhere and we'll end up with a large slice of a very small pie, rather than a medium slice of a very large pie.
Click to expand...
Bollocks, and if the wealthy rats want to jump ship to pay less tax let them go. It'll maybe give somebody else the chance to try some innovative ideas that benefit us all.
It's a myth that most of these types are wealth creators, in effect a lot of them are talented gamblers and their wealth is often stashed offshore to the benefit of very few in the UK.
 
gjr69 said:
Somebody on 20,000 is 167.18 a year better off, somebody on 200,000 over 5000 a year better off.
There is a massive issue with the cost of living so why give the very comfortable more disposable income and do so little to help those on a very tight budget?
Click to expand...
What might one do, if earning £200k pa, and the Govt gave you a £5k tax saving?
Well, probably book a nice Caribbean holiday for this winter, I suspect.
So, much of the tax gift would go abroad anyway. So much for “trickle down”. It’s a myth.
 
gjr69 said:
Bollocks, and if the wealthy rats want to jump ship to pay less tax let them go. It'll maybe give somebody else the chance to try some innovative ideas that benefit us all.
It's a myth that most of these types are wealth creators, in effect a lot of them are talented gamblers and their wealth is often stashed offshore to the benefit of very few in the UK.
Click to expand...
let the financial sector move to France cos of your mis-placed sense of fairness. that's a good idea. we'll all be worse off but at least you'll have your politics of envy.
 
Malced said:
let the financial sector move to France cos of your mis-placed sense of fairness. that's a good idea. we'll all be worse off but at least you'll have your politics of envy.
Click to expand...
If they do move to France (or elsewhere in the EU) it will because of Brexit trade barriers and not a tax break. The wealthy can usually find a way to avoid tax if they want to - like non-dom status.
We are all going to be a lot worse off anyway as a result of the mini budget. That is becoming clearer every day.
 
Malced said:
let the financial sector move to France cos of your mis-placed sense of fairness. that's a good idea. we'll all be worse off but at least you'll have your politics of envy.
Click to expand...
I'm not envious, really wouldn't want to live like they do. I have a comfortable life and don't want for anything. I'm not an ostentatious sort of person, I'm not interested in keeping up with the Jones. Although I can't stand self serving politicians or people who are never satisfied and always want more. Inequality really gets my back up. I'm all for talent and hard work being rewarded but it has to be proportionate.
Anyway you stick with your politics of greed and let's see where that gets us!
 
Malced said:
let the financial sector move to France cos of your mis-placed sense of fairness. that's a good idea. we'll all be worse off but at least you'll have your politics of envy.
Click to expand...
France's corporation tax is 25%, exactly what ours was going to be. You can't just look at corporation tax as the be all and end all. Hungary has a corporation tax of 9%. Bulgaria 10%. Albania 15%. Are their economies better than the UK's, Germany's France's etc as a result?
 
Malced said:
I don't disagree with much of that. But it's wrong to portray the tax cuts as tax cuts for the rich.
we all get poorer if there's no growth. The reversal of the NI rise and the reduction in the base rate of income tax help most everyone.
Cuts to corporation tax help businesses' invest and grow. It attracts new investment to the UK. Scrapping the cap on bankers bonuses keeps the city of london as a magnet for such financial activity - activity which is a significant part of our GDP and our collective wealth as a nation. They've not done this because they want some fly guy to get a flashier car. They've done it because other EU countries such as France are trying to take this financial activity for themselves.

If you want the country to go backwards then tax the rich and tax business more and more. They'll simply go elsewhere and we'll end up with a large slice of a very small pie, rather than a medium slice of a very large pie.
Click to expand...

Take out the 5p tax cut (45% to 40%), which I don’t think the market had been pre warned about? Throw in a bit more windfall tax gathering (or at least the prospect of it) and I think everyone would probably have lived with it, in spite of the way it was presented.
The pound may have mostly recovered, but the damage is done now.
 
glasshalffull said:
Take out the 5p tax cut (45% to 40%), which I don’t think the market had been pre warned about? Throw in a bit more windfall tax gathering (or at least the prospect of it) and I think everyone would probably have lived with it, in spite of the way it was presented.
The pound may have mostly recovered, but the damage is done now.
Click to expand...
The position of the pound has only improved because the BoE has pledged to spend £65 billion over the next fortnight buying gilts and also not to sell any of the Covid related gilts it had intended to start selling shortly (so called quantative tightening)
 
Mexboroseasider said:
The position of the pound has only improved because the BoE has pledged to spend £65 billion over the next fortnight buying gilts and also not to sell any of the Covid related gilts it had intended to start selling shortly (so called quantative tightening)
Click to expand...

Yes agreed and ElBurro’s post with the FT article above probably indicates what the pension funds think is going to happen after the BofE has finished burning through that £65 billion in a couple of weeks time 😱.
 
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gjr69 said:
I'm not envious, really wouldn't want to live like they do. I have a comfortable life and don't want for anything. I'm not an ostentatious sort of person, I'm not interested in keeping up with the Jones. Although I can't stand self serving politicians or people who are never satisfied and always want more. Inequality really gets my back up. I'm all for talent and hard work being rewarded but it has to be proportionate.
Anyway you stick with your politics of greed and let's see where that gets us!
Click to expand...

There’s a fine line to tread on when trying to tax the highest earners and businesses fairly. It’s a global workplace and a global marketplace. The more we tax the highest earners, the less it eventually yields in tax because there’s workers and their businesses go elsewhere.
The top earners pay a high amount of tax proportionately. It’s not as simple as taxing the rich. If only that was the answer. But it isn’t. We need to encourage growth or we go backwards. The ones that bring growth are the investors and the businesses. They won’t invest or expand in a high tax environment. So we are trying to encourage growth via the taxation policies. All this talk about the greedy rich is shortsighted. If you’re gonna live in a country with a modern economy and a capitalist approach, there’s going to be the rich amongst us.
 
Malced said:
There’s a fine line to tread on when trying to tax the highest earners and businesses fairly. It’s a global workplace and a global marketplace. The more we tax the highest earners, the less it eventually yields in tax because there’s workers and their businesses go elsewhere.
The top earners pay a high amount of tax proportionately. It’s not as simple as taxing the rich. If only that was the answer. But it isn’t. We need to encourage growth or we go backwards. The ones that bring growth are the investors and the businesses. They won’t invest or expand in a high tax environment. So we are trying to encourage growth via the taxation policies. All this talk about the greedy rich is shortsighted. If you’re gonna live in a country with a modern economy and a capitalist approach, there’s going to be the rich amongst us.
Click to expand...
Hallelujah at last common sense prevails 👍🏻👍🏻
 
gjr69 said:
I'm not envious, really wouldn't want to live like they do. I have a comfortable life and don't want for anything. I'm not an ostentatious sort of person, I'm not interested in keeping up with the Jones. Although I can't stand self serving politicians or people who are never satisfied and always want more. Inequality really gets my back up. I'm all for talent and hard work being rewarded but it has to be proportionate.
Anyway you stick with your politics of greed and let's see where that gets us!
Click to expand...
Nah you st Anne’s/Ansdell/Lytham types only care for one thing ££££😁 😉
 
Malced said:
We need to encourage growth or we go backwards. The ones that bring growth are the investors and the businesses. They won’t invest or expand in a high tax environment. So we are trying to encourage growth via the taxation policies. All this talk about the greedy rich is shortsighted. If you’re gonna live in a country with a modern economy and a capitalist approach, there’s going to be the rich amongst us.
Click to expand...
And this is part of the ongoing problem... the obsession with ever-increasing growth. Why company profits have to increase year-on-year or their share price falls. Why GDP/GNP or whatever measure has to rise continuously. And all the other economic measures. And as countries like China develop rapidly they consume vastly more resources.

But it isn’t sustainable in the very long term, it’s unbalanced. The consequences for ever-increasing growth is greater population, which needs a more prosperous lifestyle, which needs more industry, to extract more minerals, chop down more of the Amazon, to grow more food for burgers, create more pollution, cause climate change and basically... trash the Planet.

It’s all down to greed, whether on an individual, corporate or national scale.
 
Archibald Knox said:
And this is part of the ongoing problem... the obsession with ever-increasing growth. Why company profits have to increase year-on-year or their share price falls. Why GDP/GNP or whatever measure has to rise continuously. And all the other economic measures. And as countries like China develop rapidly they consume vastly more resources.

But it isn’t sustainable in the very long term, it’s unbalanced. The consequences for ever-increasing growth is greater population, which needs a more prosperous lifestyle, which needs more industry, to extract more minerals, chop down more of the Amazon, to grow more food for burgers, create more pollution, cause climate change and basically... trash the Planet.

It’s all down to greed, whether on an individual, corporate or national scale.
Click to expand...

The principle of growing the economy instead of merely bailing the country out with tax cuts is a sensible one and I suspect it will prove to be the right tactic in the long term. Without economic growth the massive Budget handouts would have to be repeated every year. That is what cannot be sustained. And growth doesn't mean exploiting the planet as you suggest, but expanding production and encouraging investment, particularly from overseas. Not quite the same in the UK as it is in other countries because we are not a producer of goods but it's a realistic objective and a sound planning policy nevertheless.

The government has nailed its flag to the mast and now has to see it through. As for the tax cuts, they make a lot of sense and the opposition would have done very similar except possibly would not have reduced the tax top rate, although the tax at stake there is less than £2bn which is peanuts in relative terms. The only question for the govt there is why provoke the predictable condemnation for such a relatively small handout?
 
Not
Malced said:
There’s a fine line to tread on when trying to tax the highest earners and businesses fairly. It’s a global workplace and a global marketplace. The more we tax the highest earners, the less it eventually yields in tax because there’s workers and their businesses go elsewhere.
The top earners pay a high amount of tax proportionately. It’s not as simple as taxing the rich. If only that was the answer. But it isn’t. We need to encourage growth or we go backwards. The ones that bring growth are the investors and the businesses. They won’t invest or expand in a high tax environment. So we are trying to encourage growth via the taxation policies. All this talk about the greedy rich is shortsighted. If you’re gonna live in a country with a modern economy and a capitalist approach, there’s going to be the rich amongst us.
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Nothing wrong with some having more due to their efforts and skills but keep it proportionate.
 
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