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davieG

The Budget!

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Posted

As much as I hate David Cameron (have done ever since I met the cvnt at secondary school as he took over), I have to admit his response to Darling earlier made the magpie look a right twonk. The fact that Darling can't seem to make his mind up on the forecasts for growth just epitomises what a shambles today has been for Labour.

20,000 new places at University?! Lunatic. Especially considering Universities are already having to make unreal savings. There are no graduate jobs knocking about.... so the gov't increases the amount of students. Awesome. :rolleyes:

Best thing all day is these new tax agreements with Belize and the like. lol Always nice to see tax dodging (coming from a student, yes I know :whistle: ) cvnts like Ashcroft fooked over. Twat.

Ashcroft probably pays millions in tax. He just doesn't pay UK tax on his overseas income. No reason why he should really.

Posted

Ashcroft probably pays millions in tax. He just doesn't pay UK tax on his overseas income. No reason why he should really.

If Tory donor Lord Cashcroft lives abroad to avoid paying UK taxes then why should his millions be able to influence the election?

If he wants to be In Politics then let him pay taxes like the voters!!!

Posted

If Tory donor Lord Cashcroft lives abroad to avoid paying UK taxes then why should his millions be able to influence the election?

If he wants to be In Politics then let him pay taxes like the voters!!!

I believe he does. He pays tax on his income earned here.

You pay income tax on your income earned abroad do you?

This is such a fucking non-issue, being stoked up by people who'd like us all to believe their shit doesn't stink...people who are nothing more than "cabs for hire". Non-doms contribute to all the main political parties.

Posted

I believe he does. He pays tax on his income earned here.

You pay income tax on your income earned abroad do you?

This is such a fucking non-issue, being stoked up by people who'd like us all to believe their shit doesn't stink...people who are nothing more than "cabs for hire". Non-doms contribute to all the main political parties.

A non-issue?

Lord Ashcroft is a dissembling willy puller. End of story. He has singlehandedly made the whole Conservative party look like a bunch of dishonest tax evading shysters, and when you consider what a bunch of thieving bastards there are in the Labour party that is quite a feat.

Posted

10% of First time buyers pay over £250,000 for their houses!?!? Hmmm....

But apart from the poor cider drinkers.... :yawn:

Posted

10% of First time buyers pay over £250,000 for their houses!?!? Hmmm....

But apart from the poor cider drinkers.... :yawn:

You don't visit Live Chat anymore. :( I've been abandoned. :cry:

Posted

Clever Budget. Anything that makes the antique Tory party squirm is good. And the polls are closing too..............What a clown Cameron is. Worst recession in our lifetimes and he can't even capitalise on it. The empty vessel has been rumbled. Ha Ha Ha....

Dishonest budget.

The response to this credit crisis has been a monetary one (don't believe the rubbish about the fiscal stimulus having any effect). Consequently, we are storing up all manner of inflationary problems. The evidence of this monetary response can be seen in asset price valuations with house prices up (in London they are back to pre-credit crunch levels), stock markets up rapidly, commodity prices up rapidly.

So if we're storing up inflationary pressures, why has the chancellor not increased the thresholds across the board on income tax, inheritence tax, stamp duty, national insurance contributions, capital gains tax, etc? The answer is as it always is, smoke and mirrors, or plain old dishonesty.

Inflation is always and will always be the worst tax, as it is theft by stealth from every single person who holds money.

Posted

I hope they offer support for poor students, like Kilworth, so he can afford more student-priced tickets.

Thing is Mario, I am not actually a student! I just got a hookey card off of e-bay & get the benefits of combing for student skirt, 10% off at places & A free McFlurry at McDonalds with a meal :thumbup:

Posted

Thing is Mario, I am not actually a student! I just got a hookey card off of e-bay & get the benefits of combing for student skirt, 10% off at places & A free McFlurry at McDonalds with a meal :thumbup:

You can't get a student ticket at City without a letter from your college though, so a dodgy student card isn't all that.

Posted

You can't get a student ticket at City without a letter from your college though, so a dodgy student card isn't all that.

I an far more creative than that, The card did its job, when it had too, Now further measures have to be taken :thumbup:

Posted

I an far more creative than that, The card did its job, when it had too, Now further measures have to be taken :thumbup:

Tight git, just pay up and shut up :rolleyes:

Posted

Dishonest budget.

The response to this credit crisis has been a monetary one (don't believe the rubbish about the fiscal stimulus having any effect). Consequently, we are storing up all manner of inflationary problems. The evidence of this monetary response can be seen in asset price valuations with house prices up (in London they are back to pre-credit crunch levels), stock markets up rapidly, commodity prices up rapidly.

So if we're storing up inflationary pressures, why has the chancellor not increased the thresholds across the board on income tax, inheritence tax, stamp duty, national insurance contributions, capital gains tax, etc? The answer is as it always is, smoke and mirrors, or plain old dishonesty.

Inflation is always and will always be the worst tax, as it is theft by stealth from every single person who holds money.

Of course it's dishonest!!! But don't try and tell me that the Tories wouldn't do likewise given the same circumstances.

The alternative to a monetary response to this credit crisis (Tory) doesn't bear thinking about. The rest of the world are in the same boat so the problem is vastly over exaggerated. They should have written the lot off and started again.

Anyway, who decides how much money there is in the world at any one time? That's the more pertinent question. And that's why all your clever analysis cuts no ice.

Posted

Of course it's dishonest!!! But don't try and tell me that the Tories wouldn't do likewise given the same circumstances.

The alternative to a monetary response to this credit crisis (Tory) doesn't bear thinking about. The rest of the world are in the same boat so the problem is vastly over exaggerated. They should have written the lot off and started again.

Anyway, who decides how much money there is in the world at any one time? That's the more pertinent question. And that's why all your clever analysis cuts no ice.

I don't disagree about the Tories or Lib Dems doing similar. I believe Britain is in a mess and all three parties will to attempt to inflate our way out of it, as it is the more electorally palpable option, even if it is not the best option economically. There is no dividing line between the Tory response to the crisis and Labour. It is a popular misconception. The Bank of England would have jacked down interest rates regardless and printed money to boost the money supply, regardless of the government in power. It is this that has helped the economy (or rather seemed to have helped the economy. There are question marks about whether it just storing up the problems for later on down the line in the same way the slashing of interest rates did after the dotcom bubble in 2000.)

In answer to who decides how much money there is in the world at any one time, it sounds like one of these questions where it is easier to believe there is some shadowy figure, or regime that controls the economy, rather than the more difficult truth. This is usually the time when the anti-semitic claim of Jews or Zionists controlling the economy comes around, as it has done for the last few centuries. Of course, this has always been incorrect, but the truth never gets in the way of a good myth. (I am not suggesting for one minute L444ry that that is who you were hinting at in terms of who decided how much money there is. Your posting record clearly shows you don't tolerate racism of any sort, but I'm always careful when issues of monetary control are raised as frequently, anti-semitism rears it's ugly head and I want to emphasise that it is completely wrong.)

The truth is, regarding money and the amounts of it in the global economy (this takes me back to my monetary economics classes) that to answer the question, I have to define money. By money, I do not mean merely banknotes and coins, but will encompass credit notes and loans into this as well as derivatives and credit default swaps. So my definition of money is any sort of credit note or instrument. If you factor in all the different forms of credit into the definition of money, the answer is that money is continually created by various different financial institutions. For every £1 a bank receives, it will lend out £0.90, thus adding to the money supply. So really, no one group decides how much money is in the world at any one time. It is decided by the different profit minded objectives of various financial institutions and investment funds, by the different financial needs of all the people in the economy (i.e. people needing loans for homes, cars, credit card purchases, investment in new businesses, etc) and the central banks around the world who seek to dampen the pace of monetary growth or contraction depending on their own particular needs and assessments.

If you're still reading this, I'm impressed as I'd have probably given up on this post if i hadn't written it.

Posted

Tax the banks more and then redistribute theat amongst the rest of the economy.

Get rid of the vast majority of overseas military campaigns and save at least £8bn a year.

Posted

The problem with taxing businesses is some ultimately answer to shareholders, those shareholders want dividends. Consumers will be expected to cover the tax losses.

Posted

Granted but i'm sure there's some loophole that the taxman could work out and get the bastards.

(although the bankers are about 12 steps ahead anyway)

  • 2 weeks later...
  • 2 months later...
Posted

Well, I guess most of us are fucked.

At least there's not gonna be a further hike on alcohol duty. Maybe we can drink our way through the next few years...

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