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The flaw in Liz’s reliance on tax cuts – politicalbetting.com

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  • HYUFDHYUFD Posts: 127,021
    Scott_xP said:

    The legality of a referendum is reserved to Westminster, but not "the future of the Union"

    That is very much in the hands of the people.
    No, it is precisely the Union the Scotland Act 1998 maintains as a reserved power to Westminster. Indeed even if a non binding wildcat referendum was held without Westminster consent
  • Scott_xPScott_xP Posts: 38,101
    Foxy said:

    She doesn't seem to have spotted the clash between her Australian trade deal and wanting to see crops and livestock on British farms.

    Did she actually specify British farms?
  • IshmaelZIshmaelZ Posts: 21,830

    Good morning one and all!

    The story about the shoes remind me of Sam Vines, Terry Pratchett's hero; cheap boots cost a lot less than expensive ones, but the expensive ones last a lifetime while the cheap ones only last two or three years!

    Those *are* the cheap ones

    And he is out by a factor of over x2. £940 a pair.

    https://www.church-footwear.com/gb/en/men/style/oxfords.html
  • Its not daft, you're trying to pretend it is ASDA's responsibility that those who work 16 hours a week for them who have children are getting welfare.

    Why are ASDA responsible for the children of its part time employees?
    FFS BR you really do dig yourselves into a trench. If you read all the way up the thread I said that Asda et al won't act now as they can't. The blame is not and never was on the employers. Whilst they benefit from the policy framework they do not create it.

    Nor is the part time working parent what I am talking about. They will always get some social security because part time parents.

    Climb out of your trench for a minute.
  • pm215pm215 Posts: 1,236

    Not taking more than 50% of someone's gross pay in tax should be a basic principle of fairness that we can all agree on at every level.

    Why? 50% isn't magic. It may be that pragmatically and experimentally it turns out that 48% is more effective for generating government income. Or maybe 52%. But that's a practicality thing, not a fairness thing. Fairness in taxation is a wider argument about what's being done with the money and whether the people it's being taken from are being asked for more than their fair share (in a wide sense that considers ability to pay), and applies at all % values.
  • SandpitSandpit Posts: 56,022
    pm215 said:

    You'll disagree, I'm sure, but personally I think "discourages people from working a ton of overtime" is a good outcome. Working long hours is (as a generality) bad for the person who does it both for their quality of life and for their health (which costs the state in the long run), and it tends to bail the employer out from doing what they ought and employing enough staff to get the work done without overtime, so it increases unemployment too (costing the state again, and bad for that person who might have been employed to do the work).
    Perhaps, but I was 23, single, and working towards a specific goal of buying a house. Given the choice of working 40 hours a week for £20k, or 60 hours a week for £35k, I’d take the higher income every time as a youngster. I agree with the general premise though, but units of labour are not fungible, and there’s always a variability in workload and a lag in training up new staff.
  • This blue on blue is destructive and indeed unacceptable
    Do have to ask what idiot in the Tory high command decided that a long protracted campaign was a good idea. This could have been done and dusted at the end of July, Bonzo dispatched to Northstead and the new PM in place with a ministerial team looking at how to tackle the coming winter of hell.

    Instead, they dig themselves deeper into positions that won't help and keep attacking the other and their own party's record in government.
  • TheuniondivvieTheuniondivvie Posts: 43,328

    In order to run a positive case for the Union consistently, you need to run a positive case for the Union’s government consistently. These findings suggest that Unionists are failing in that key task:

    - “Thinking about how the leadership election has been conducted, and how the candidates and their campaigns have behaved towards one another, do you think it has shown the Conservative party in a good or bad light?
    - Scottish respondents
    (excl Neither/Not sure)

    A good light 1.5%
    A bad light 98.5%

    (YG/The Times; 4-5 August)

    Perhaps choosing a mendacious Oaf as leader wasn’t such a smart move last time round?
    Just wondering idly whether oaf is gender specific or if it can be applied to a woman..
  • CorrectHorseBatteryCorrectHorseBattery Posts: 21,436
    edited August 2022
    Lizz Truss seems designed to lose the Blue Wall? Pro Brexit, big supporter of Johnson.

    Anyone want to tell me why she isn’t a gift to the Lib Dems?
  • Scott_xPScott_xP Posts: 38,101
    "I really do agree with Dominic Raab that the method that Liz Truss is proposing would be suicidal"

    Lord Howard, former Tory party leader, says his favoured candidate Rishi Sunak has the experience needed to address the cost of living crisis

    #R4Today
    https://twitter.com/BBCr4today/status/1557272898607480838/video/1
  • HYUFDHYUFD Posts: 127,021

    Do have to ask what idiot in the Tory high command decided that a long protracted campaign was a good idea. This could have been done and dusted at the end of July, Bonzo dispatched to Northstead and the new PM in place with a ministerial team looking at how to tackle the coming winter of hell.

    Instead, they dig themselves deeper into positions that won't help and keep attacking the other and their own party's record in government.
    Well it was hardly as if the swift coronations of Brown in 2007 and May in 2016 as PM helped them develop campaigning skills ahead of the next general election was it?
  • Scott_xPScott_xP Posts: 38,101

    Lizz Truss seems designed to lose the Blue Wall? Pro Brexit, big supporter of Johnson.

    Anyone want to tell me why she isn’t a gift to the Lib Dems?

    Their most successful sleeper agent...
  • HYUFD said:

    No, it is precisely the Union the Scotland Act 1998 maintains as a reserved power to Westminster. Indeed even if a non binding wildcat referendum was held without Westminster consent
    Indeed you really do think that Scottish voters should have zero say. Vote for whatever you like, we English will just tell you what you can have.

    That *isn't* the case for maintaining the union. Its the case for dissolving a constitutional prison. Because you are not in charge, and your party won't be for long, and other people aren't as undemocratic as you.
  • kjhkjh Posts: 12,509
    HYUFD said:

    Rubbish. The future of the Union is reserved to Westminster and one thing Truss was absolutely right about was she would ignore Sturgeon and her indyref2 bleatings. The SNP should focus on the domestic policies they have responsibility for at Holyrood, giving in to them until they get independence is exactly what actually will lead to independence
    Does it not cross your mind that we all get better on in this world by, well 'by getting on' rather than aggressively just saying 'no' without listening and considering the arguments you disagree with. Have you ever negotiated a commercial contract? Two rules worth bearing in mind:

    a) A one sided deal always goes wrong

    b) Give stuff away that is more important to your opponent than you. Try and get stuff that is more important to you than your opponent.

    It might be worth considering this when dealing with Scotland to avoid things getting worse. Think NI.
  • HYUFD said:

    Well it was hardly as if the swift coronations of Brown in 2007 and May in 2016 as PM helped them develop campaigning skills ahead of the next general election was it?
    Park the whataboutery.

    Is the current spectacle of your party spending the summer attacking itself whilst the country slides into crisis good for your party? Yes or no?
  • ydoethurydoethur Posts: 73,524

    Do have to ask what idiot in the Tory high command decided that a long protracted campaign was a good idea. This could have been done and dusted at the end of July, Bonzo dispatched to Northstead and the new PM in place with a ministerial team looking at how to tackle the coming winter of hell.

    Instead, they dig themselves deeper into positions that won't help and keep attacking the other and their own party's record in government.
    William Hague.
  • Do have to ask what idiot in the Tory high command decided that a long protracted campaign was a good idea. This could have been done and dusted at the end of July, Bonzo dispatched to Northstead and the new PM in place with a ministerial team looking at how to tackle the coming winter of hell.

    Instead, they dig themselves deeper into positions that won't help and keep attacking the other and their own party's record in government.
    It defies all logic but then this is the conservative party in August 22
  • ydoethurydoethur Posts: 73,524
    Scott_xP said:

    Their most successful sleeper agent...
    Given her reputation, unfortunate choice of words.
  • IshmaelZIshmaelZ Posts: 21,830

    Just wondering idly whether oaf is gender specific or if it can be applied to a woman..
    Perth hustings 16 August is when Paisley will achieve real cut through. Wait and see.
  • rottenboroughrottenborough Posts: 65,517
    TOPPING said:

    Mate of mine (yes, I know) just had 19 solar panels put on their house (the stable block, aksherly). Cost (incl battery, fancy remote stuff) around £13,000. The way things are going now the payback will be a month and a half.

    LOL.

    There was a piece in one of the papers (S Times I think) this weekend looking at solar panels and the cost pay back period. iirc on average the payback period had already halved since the price explosion in electric. There's now huge demand to fit panels - industry is stretched with long wait times especially for battery backup.
  • HYUFDHYUFD Posts: 127,021
    edited August 2022

    Indeed you really do think that Scottish voters should have zero say. Vote for whatever you like, we English will just tell you what you can have.

    That *isn't* the case for maintaining the union. Its the case for dissolving a constitutional prison. Because you are not in charge, and your party won't be for long, and other people aren't as undemocratic as you.
    No we we have a Westminster parliament including Scottish as well as English MPs. Scotland has its own parliament too.

    Plus even Starmer has ruled out a deal with the SNP, not just we Tories refusing indyref2. Though we will see if Sir Keir holds to that if it is his only route to no 10
  • https://www.bbc.co.uk/news/education-62484951

    Only 6.3% whilst pensioners get a bung, thanks
  • BartholomewRobertsBartholomewRoberts Posts: 23,415
    edited August 2022

    FFS BR you really do dig yourselves into a trench. If you read all the way up the thread I said that Asda et al won't act now as they can't. The blame is not and never was on the employers. Whilst they benefit from the policy framework they do not create it.

    Nor is the part time working parent what I am talking about. They will always get some social security because part time parents.

    Climb out of your trench for a minute.
    Asda don't benefit from the policy framework, at all. They are harmed by the framework.

    Asda is paying National Insurance for the wages it pays to people, then after that it pays people who marginally are keeping just thirty pence in the pound of what Asda pays them, the rest goes along with the Employers NI straight back to the Exchequer. That framework is not good for Asda or for its employees.

    If low wages were the problem then why are people long who work just 24 hours on minimum wage facing a 70% marginal tax rate on every extra pound they earn from then on? Shouldn't they be keeping some of their own money if low wages were supposedly the problem?

    UC is primarily welfare towards parents, that creates a high marginal tax rate, its nothing to do with low wages though its not as bad as what came before.
  • TheuniondivvieTheuniondivvie Posts: 43,328
    IshmaelZ said:

    Those *are* the cheap ones

    And he is out by a factor of over x2. £940 a pair.

    https://www.church-footwear.com/gb/en/men/style/oxfords.html
    I keep half an eye on quality shoe price and by my estimation Church’s prices have gone up by around 50% over the last couple of years (comparable brands nowhere close). Cost of living well crisis ahoy..
  • IshmaelZIshmaelZ Posts: 21,830
    edited August 2022

    LOL.

    There was a piece in one of the papers (S Times I think) this weekend looking at solar panels and the cost pay back period. iirc on average the payback period had already halved since the price explosion in electric. There's now huge demand to fit panels - industry is stretched with long wait times especially for battery backup.
    Price has doubled. I paid £6,500 for 16 panels in 2013

    Sadly not on my present house

    ETA actually my rig 16 panels 4kw is still about that, difference must be the batteries
  • TOPPINGTOPPING Posts: 43,703
    IshmaelZ said:

    Price has doubled. I paid £6,500 for 16 panels in 2013

    Sadly not on my present house
    The company wanted to do this one apparently because it was 19 panels in a row and they wanted that as an example of their work. Finished in two days. Friends can't think of what electric appliances to leave on next.
  • Do have to ask what idiot in the Tory high command decided that a long protracted campaign was a good idea. This could have been done and dusted at the end of July, Bonzo dispatched to Northstead and the new PM in place with a ministerial team looking at how to tackle the coming winter of hell.

    Instead, they dig themselves deeper into positions that won't help and keep attacking the other and their own party's record in government.
    The 1990 regeneration (which is the best example of one that worked) was fairly good-natured (Margaret went with grateful thanks, but it was accepted that she had to go; the three candidates would clearly happily have served under each other), but also mercifully brief.

    This one- we have Sunak and Truss throwing huge stones at each other, justifiably throwing stones at each other's flaws, but forgetting that they are both in the same greenhouse.
  • kjhkjh Posts: 12,509
    HYUFD said:

    Scotland is divided in a 50 50 no man's land on the Union and independence. Nothing Westminster does will likely shift that much.

    However giving the SNP an indyref2 before a generation is up will just lead to the SNP demanding indyref3, indyref4, indyref5 etc until they get the result they want even if won

    Not talking about giving them a vote (although I think we should) but talking about being positive about the Union rather than being aggressive towards the Scots. That is what Curtis said.
  • Listening to last nights hustings it seems apparent that Truss is saying whatever is necessary to be elected including pleasing the Johnson wing when she said she would vote against the privileges committee

    I have little doubt she will be PM on the 6th September and what happens next will be fascinating
  • HYUFDHYUFD Posts: 127,021
    edited August 2022
    kjh said:

    Not talking about giving them a vote (although I think we should) but talking about being positive about the Union rather than being aggressive towards the Scots. That is what Curtis said.
    Aggressive towards the
    nationalists is not the same as aggressive towards the Scots. Given half the Scots are Unionists and hate the Nationalists
  • Casino_RoyaleCasino_Royale Posts: 62,294

    And that level of tax on high wages would of course be followed by a rapid departure of high paid executives of international companies from London. I didn't say it was a good idea.
    Not just high-paid executives. They tend to be on 3-4 times as much still, and well clear of the tax trap. It affects GPs, hospital consultants, air traffic controllers, seniors in professional services, and even specialist electricians.

    It's also worth bearing in mind this isn't a 'permanent' state of wealth but typically something you reach in your 40s after a grinding path to get there in your career, maintaining it perhaps for 15 years or so, before dropping down again - you might well have started from nothing, as I did.
  • Why are people not fleeing the high tax Nordic states?
  • LOL.

    There was a piece in one of the papers (S Times I think) this weekend looking at solar panels and the cost pay back period. iirc on average the payback period had already halved since the price explosion in electric. There's now huge demand to fit panels - industry is stretched with long wait times especially for battery backup.
    This is one of the problems with any commitment to ramp up installation of solar panels and other energy saving measures that the capacity to undertake the work is not there and the savings certainly will not be available to mitigate the energy price rises in the next year

    We have solar panels and they were an excellent investment
  • noneoftheabovenoneoftheabove Posts: 24,254

    You haven't demonstrated its nonsense, just asserted that it is - for one thing you can't demonstrate those that didn't apply for a promotion or turned it down as a result. And it is absolutely a factor in the brackets I mentioned: UC, graduates and the 100k tax trap.

    There's always a frictional cost to tax. No such thing as a free lunch.

    Not taking more than 50% of someone's gross pay in tax should be a basic principle of fairness that we can all agree on at every level.
    It is pretty unreasonable to expect everyone to agree at every level just because it is your idea of fairness.

    From a practical point of view I do agree with the idea of capping at 50%, but only because there are many people around like yourself who think over 50% is inherently unfair, and many multiple taxes so we can raise (or lower) so it is not particularly limiting on the state to do so. If that group did not exist or were smaller it wouldn't have my support.
  • Listening to last nights hustings it seems apparent that Truss is saying whatever is necessary to be elected including pleasing the Johnson wing when she said she would vote against the privileges committee

    I have little doubt she will be PM on the 6th September and what happens next will be fascinating

    "Fascinating" in the Wednesday Addams sense?

    One possibility is that Truss is saying this stuff not believing a word of it, and she will tack back to reality (Johnson has to go, we can't let poor people freeze this winter even if they aren't taxpayers). In which case many of her backers will be furious with her.

    The other is that she really does believe all this stuff, in which case the last person to leave the country won't need to turn off the lights becuase they will already have been disconnected.

    Or maybe we will get the worst of both worlds.
  • MexicanpeteMexicanpete Posts: 31,269

    Lizz Truss seems designed to lose the Blue Wall? Pro Brexit, big supporter of Johnson.

    Anyone want to tell me why she isn’t a gift to the Lib Dems?

    Ah, you've tumbled her game! A LibDem sleeper agent in the Conservative Party.
  • 148grss148grss Posts: 4,155

    Do have to ask what idiot in the Tory high command decided that a long protracted campaign was a good idea. This could have been done and dusted at the end of July, Bonzo dispatched to Northstead and the new PM in place with a ministerial team looking at how to tackle the coming winter of hell.

    Instead, they dig themselves deeper into positions that won't help and keep attacking the other and their own party's record in government.
    But blue on blue has been the name of the game since the end of the coalition, and it doesn't seem to have harmed their ability to hold onto power. I do wonder if part of the blue on blue (and the similar cut throat nature over the pond of the GOP shafting their own leadership / unruly members) helps stabilise the cognitive dissonance some members must have about believing they are the victim / underdog / antiestablishment party whilst also being the literal Conservative party, who have led government for 10 years, won the economic ideological battle, and that any civil discourse that would take us down a social democratic route means you get called a Stalinist. Because their is always a purer part of the party, there is always a secret enemy within giving in to the libs, so they always have to fight harder to make the party better. And this radicalises the base alongside the party, in a continual amping up of rhetoric and policy.
  • HYUFD said:

    No we we have a Westminster parliament including Scottish as well as English MPs. Scotland has its own parliament too.

    Plus even Starmer has ruled out a deal with the SNP, not just we Tories refusing indyref2. Though we will see if Sir Keir holds to that if it is his only route to no 10
    Park what Labour may or may not do - your statements are not about party politics. You just said "We have a Westminster parliament". True - with a massive English majority.

    Scotland could elect 100% SNP MPs to that parliament on an "independence now" mandate. And they would be massively outvoted by English MPs.

    You are saying that there is no democratic power to a Scottish vote with regards to Scottish affairs. Indeed the only nation in the union with that power is England.

    Scotland has no say over Scotland. Your words. You don't see the problem with that because you are a buffoon, but there is a very real problem that goes way beyond any twaddle you post about what any individual politician says.
  • noneoftheabovenoneoftheabove Posts: 24,254

    https://www.bbc.co.uk/news/education-62484951

    Only 6.3% whilst pensioners get a bung, thanks

    Every time the young workers get shafted and the retired protected, then they wonder why there is an increasing age divide in politics and society?
  • kjhkjh Posts: 12,509
    HYUFD said:

    Aggressive towards the
    nationalists is not the same as aggressive towards the Scots. Given half the Scots are Unionists and hate the Nationalists
    It comes over as aggressive to all of them. It certainly comes over as aggressive to me (although not a Scot I am also not pro Indy)
  • HYUFD said:

    Aggressive towards the
    nationalists is not the same as aggressive towards the Scots. Given half the Scots are Unionists and hate the Nationalists
    That may be your intention but you risk coming across as anti-Scottish, just as one or two independence supporters lean into Anglophobia. An important part of political leadership is persuasion. If you cannot manage that, then consider limiting yourself to asserting that any Conservative government will not grant indyref to just once or twice a day.
  • NigelbNigelb Posts: 76,690

    About 30m households have to find £3,000 each more than pre crisis for household energy alone, so yes of course every solution is expensive.

    Collectively it is more efficient for them to do this in a way that both keeps inflation as low as possible and avoids cant pay/wont pay clogging up courts and bankrupting more suppliers, with further knock on costs, that we will have without it.
    Indeed.

    My point was that Truss is effectively ignoring any of this argument in her leadership pitch.
    The effects of any marginal changes in tax rates are completely dwarfed by the financial effects of the (temporary, but possibly a quite protracted temporary) spike in energy prices. To be concentrating her campaign on tax cuts demonstrates a shocking unseriousness in our likely next Prime Minister.
  • dixiedeandixiedean Posts: 29,937
    edited August 2022
    148grss said:

    But blue on blue has been the name of the game since the end of the coalition, and it doesn't seem to have harmed their ability to hold onto power. I do wonder if part of the blue on blue (and the similar cut throat nature over the pond of the GOP shafting their own leadership / unruly members) helps stabilise the cognitive dissonance some members must have about believing they are the victim / underdog / antiestablishment party whilst also being the literal Conservative party, who have led government for 10 years, won the economic ideological battle, and that any civil discourse that would take us down a social democratic route means you get called a Stalinist. Because their is always a purer part of the party, there is always a secret enemy within giving in to the libs, so they always have to fight harder to make the party better. And this radicalises the base alongside the party, in a continual amping up of rhetoric and policy.
    Economic ideologies never win long term.
    They have hegemony until their contradictions become so overwhelmingly apparent that they are either radically modified or violently overturned.
  • rkrkrkrkrkrk Posts: 8,633

    The economy won't grow if its most productive earners are taxes into oblivion.

    We need to tax asset wealth not income.

    Income taxes are maxed out.
    I look forward to you supporting Labour's policy on this!
  • NigelbNigelb Posts: 76,690
    Scott_xP said:

    "I really do agree with Dominic Raab that the method that Liz Truss is proposing would be suicidal"

    Lord Howard, former Tory party leader, says his favoured candidate Rishi Sunak has the experience needed to address the cost of living crisis

    #R4Today
    https://twitter.com/BBCr4today/status/1557272898607480838/video/1

    One thing which he had wrong was comparing her tax policies to the Barber boom. There isn't going to be any boom.
  • noneoftheabovenoneoftheabove Posts: 24,254
    Nigelb said:

    Indeed.

    My point was that Truss is effectively ignoring any of this argument in her leadership pitch.
    The effects of any marginal changes in tax rates are completely dwarfed by the financial effects of the (temporary, but possibly a quite protracted temporary) spike in energy prices. To be concentrating her campaign on tax cuts demonstrates a shocking unseriousness in our likely next Prime Minister.
    Can we have shocking unseriousness in a successor to Bozo? Unseriousness sure, but we should no longer be remotely shocked by it.

    She is following his blueprint. Tell the audience today what it wants to hear, and deal with tomorrow later, not caring whether she needs to completely change course in a month or twos time.
  • Why are people not fleeing the high tax Nordic states?

    They stay for the political gossip in Finland.
  • kjh said:

    It comes over as aggressive to all of them. It certainly comes over as aggressive to me (although not a Scot I am also not pro Indy)
    It is not only aggressive but very antagonistic and indeed even ugly with threats of military intervention

    Fortunately @HYUFD seems to be quite unique in his attitude to the Scots and has no understanding of them at all
  • bondegezoubondegezou Posts: 13,671

    You haven't demonstrated its nonsense, just asserted that it is - for one thing you can't demonstrate those that didn't apply for a promotion or turned it down as a result. And it is absolutely a factor in the brackets I mentioned: UC, graduates and the 100k tax trap.

    There's always a frictional cost to tax. No such thing as a free lunch.

    Not taking more than 50% of someone's gross pay in tax should be a basic principle of fairness that we can all agree on at every level.
    I've never said there isn't a frictional cost to tax. I agree with the point made eloquently by Bart that there's a problem with the UC taper.

    However, you claimed that, "You don't take a big promotion or lots of extra responsibility for a raise of which you only keep 30-40%." Yet there have been many countries and many periods where top rates of tax have been at least 60% and people did continue to take big promotion or lots of extra responsibility.

    I don't disagree about the frictional cost to tax. I disagree with your absolutist position that anything over 50% is a disaster.
  • 148grss148grss Posts: 4,155
    dixiedean said:

    Economic ideologies never win long term.
    They have hegemony until their contradictions become so overwhelmingly apparent that they are either radically modified or violently overturned.
    You say that, but we are in a crisis where neoliberalism is so deeply rooted in the political establishment that Labour are complaining that the Tories are going to explode the debt and accusing them of finding a magic money tree.
  • bondegezoubondegezou Posts: 13,671
    HYUFD said:

    Scotland is divided in a 50 50 no man's land on the Union and independence. Nothing Westminster does will likely shift that much.

    However giving the SNP an indyref2 before a generation is up will just lead to the SNP demanding indyref3, indyref4, indyref5 etc until they get the result they want even if won

    Why do you think nothing Westminster does will likely shift that much? I think a more competent Government that appeared more in sync with Scotland's concerns would shift it.
  • Nigelb said:

    One thing which he had wrong was comparing her tax policies to the Barber boom. There isn't going to be any boom.
    A bit like Gordon Brown then? He claimed to eliminate boom and bust, he was half right.
  • Listening to last nights hustings it seems apparent that Truss is saying whatever is necessary to be elected including pleasing the Johnson wing when she said she would vote against the privileges committee

    I have little doubt she will be PM on the 6th September and what happens next will be fascinating

    What happens next on 6th September is we all get paid out and aftertime our bets on pb, and then we debate the new markets on the Prime Minister's exit date.
  • MexicanpeteMexicanpete Posts: 31,269

    Listening to last nights hustings it seems apparent that Truss is saying whatever is necessary to be elected including pleasing the Johnson wing when she said she would vote against the privileges committee

    I have little doubt she will be PM on the 6th September and what happens next will be fascinating

    She has often said "what you see is what you get" so expect the uncosted campaign pronouncements to become policy.

    Her word is her bond...age.
  • Casino_RoyaleCasino_Royale Posts: 62,294

    But tax cuts for the highest earners don’t appear to boost the economy: http://eprints.lse.ac.uk/107919/
    That will be why Hollande abolished his 75% supertax in 2013 then, and why plenty of high-earners and creative industries fled the UK in the 1970s.

    HMRC found the opposite in 2012 as well, which is why the rate was lowered from 50% to 45%: https://www.bbc.com/news/business-17465733
  • I've never said there isn't a frictional cost to tax. I agree with the point made eloquently by Bart that there's a problem with the UC taper.

    However, you claimed that, "You don't take a big promotion or lots of extra responsibility for a raise of which you only keep 30-40%." Yet there have been many countries and many periods where top rates of tax have been at least 60% and people did continue to take big promotion or lots of extra responsibility.

    I don't disagree about the frictional cost to tax. I disagree with your absolutist position that anything over 50% is a disaster.
    Did he say it was a disaster? He said it was a point of fairness, and it strikes me as a fairly reasonable one too.

    People should be able to keep at least half of what they're earning. Even if its just half, past that point it really strikes as unfair. Maybe not disastrous, but unfair.

    I don't think its fair people working 24 hours a week on UC only keep 30 pence in the pound past that point. I don't think its fair that people facing income tax cliff edges keep just 40 pence in the pound at that point either.

    Smooth it out, even if it means higher tax rates for those currently enjoying lower marginal rates, and it would be fairer for me.
  • LostPasswordLostPassword Posts: 19,156
    Alistair said:

    There's sattelite photos from the morning of the attack. There were half a dozen planes parked practically wing tip to wingtip
    Ukraine have claimed 9 aircraft destroyed yesterday, presumably most at the airbase.
  • NigelbNigelb Posts: 76,690

    Not just high-paid executives. They tend to be on 3-4 times as much still, and well clear of the tax trap. It affects GPs, hospital consultants, air traffic controllers, seniors in professional services, and even specialist electricians.

    It's also worth bearing in mind this isn't a 'permanent' state of wealth but typically something you reach in your 40s after a grinding path to get there in your career, maintaining it perhaps for 15 years or so, before dropping down again - you might well have started from nothing, as I did.
    Tax reform needs to be approached in an integrated manner, though.

    Far too many tax measures are temporary gimmicks designed to appeal to a particular group, or address some short term expediency. The reality is that the Treasury will have a massive crisis on its hands over the winter. Any serious look at the tax system is off the table for a while.
  • NickPalmerNickPalmer Posts: 21,675
    edited August 2022
    Foxy said:

    The level of Lab lead in the ABC1 age is truly remarkable, but I draw the opposite conclusion. This is where the Cons need to regain voters.

    I think though that the Truss/Sunak social agenda repels far more than a financial bung attracts.
    Agreed. There's been a quiet revulsion among many well-off people against the reckless populism of the last couple of years. I have plenty of friends who normally vote Tory (I've never benen in the "never kissed a Tory" camp and half my family are deeply Tory). A chunk of them simply turn up their noses at the idea now, though they aren't necessarily voting Labour either - LibDems or abstention are the usual options. Throwing money at them misses the point.
  • OldKingColeOldKingCole Posts: 34,563
    IshmaelZ said:

    Those *are* the cheap ones

    And he is out by a factor of over x2. £940 a pair.

    https://www.church-footwear.com/gb/en/men/style/oxfords.html
    There comes a point of course, when the expense outweighs the life expectancy!
  • EabhalEabhal Posts: 10,137
    edited August 2022
    HYUFD said:

    Aggressive towards the
    nationalists is not the same as aggressive towards the Scots. Given half the Scots are Unionists and hate the Nationalists
    You talk a great deal of shite sometimes.

    We're having an almost perpetual debate in Scotland that is of enormous emotional resonance, yet it's almost entirely good natured.

    The only people I dislike are the blood and soil nationalists, who are basically fascists, and people like you who consider Scotland literally like a colony.
  • OllyTOllyT Posts: 5,035
    rcs1000 said:

    I love the way he lures you in with the idea the post might actually be about the Conservative Party, before veering off and hitting all the key talking points about the Azov Regiment.
    I think this one's going for the longevity record - perhaps it's like a rodeo where he wins he prize if he stays on the site longer than anyone else without falling off (ie without getting the ban hammer). Still not fooling anybody though
  • dixiedeandixiedean Posts: 29,937
    148grss said:

    You say that, but we are in a crisis where neoliberalism is so deeply rooted in the political establishment that Labour are complaining that the Tories are going to explode the debt and accusing them of finding a magic money tree.
    Oh indeed. We are approaching crisis point. In the original meaning of the word.
  • StuartDicksonStuartDickson Posts: 12,146
    One loud-mouthed Tory Yoon is a little bit poorer.

    Tory peer Michelle Mone pays out £50,000 to end row after 'racism' claim
    The Glaswegian businesswoman was said to have sent the message to Richard Lynton-Jones in a row on WhatsApp in 2019.

    https://www.dailyrecord.co.uk/news/politics/michelle-mone-payout-racism-claim-27685387

    But when will she be dragged into the dock for this?

    https://www.theguardian.com/uk-news/2022/apr/29/nca-launches-investigation-ppe-firm-linked-to-michelle-mone
  • I've never said there isn't a frictional cost to tax. I agree with the point made eloquently by Bart that there's a problem with the UC taper.

    However, you claimed that, "You don't take a big promotion or lots of extra responsibility for a raise of which you only keep 30-40%." Yet there have been many countries and many periods where top rates of tax have been at least 60% and people did continue to take big promotion or lots of extra responsibility.

    I don't disagree about the frictional cost to tax. I disagree with your absolutist position that anything over 50% is a disaster.
    Until 1988, the top rate of income tax was 60 per cent. Perhaps members should take a closer look at the Thatcherite economics both Rishi and Liz are so keen on.
  • Dura_AceDura_Ace Posts: 14,315

    I keep half an eye on quality shoe price and by my estimation Church’s prices have gone up by around 50% over the last couple of years (comparable brands nowhere close). Cost of living well crisis ahoy..
    I just bought some new motorcycle boots (vegan Alpinestars) - £520!

    I think I paid about £380 about 18 months ago but destroyed those in the infamous Fireblade crash where I broke my wrist. In an urban environment.
  • Why are people not fleeing the high tax Nordic states?

    Which high tax Nordic states do you have in mind?

    Many did which is why the Nordic states have reversed high tax policies that backfired.

    Many Nordic states have higher but flatter tax rates without the 'NYC skyline' peaks and troughs of cliff edges we have in this country. Higher taxes is something I disagree with politically, though higher but flatter taxes are fairer for me than trapping many people in even higher marginal tax rates like we do in this country.
  • NigelbNigelb Posts: 76,690
    OllyT said:

    I think this one's going for the longevity record - perhaps it's like a rodeo where he wins he prize if he stays on the site longer than anyone else without falling off (ie without getting the ban hammer). Still not fooling anybody though
    Perhaps they get sent here to refine their schtick.
    I don't think they're expecting to persuade anyone on this board.
  • Until 1988, the top rate of income tax was 60 per cent. Perhaps members should take a closer look at the Thatcherite economics both Rishi and Liz are so keen on.
    Though taxes now are the highest they've been in 74 years, not just since 1988.

    60% marginal tax rate is less than we currently tax people, not more.
  • rottenboroughrottenborough Posts: 65,517
    Interesting. Just looked at my latest electric bill in detail and started checking against previous ones and I notice that 3 or 4 years ago the night time rate was ≈ 1/2 the day rate.

    No longer. Now night time is only a tad less than day.

    Is this just my supplier (I'm with a small green energy company).
  • StuartDicksonStuartDickson Posts: 12,146

    Just wondering idly whether oaf is gender specific or if it can be applied to a woman..
    How about:

    DROUD, Drowd, n.1
    [drʌud]

    1. A cod-fish, esp. one of poor quality, “a sickly or spawned cod”

    2. A useless, slovenly person; “a worthless female”

    https://dsl.ac.uk/entry/snd/droud_n1
  • StuartDicksonStuartDickson Posts: 12,146
    IshmaelZ said:

    Perth hustings 16 August is when Paisley will achieve real cut through. Wait and see.
    Undoubtedly!

    Her claim to be a Buddy in the master-stroke that will save the Union.
  • eekeek Posts: 29,732

    Interesting. Just looked at my latest electric bill in detail and started checking against previous ones and I notice that 3 or 4 years ago the night time rate was ≈ 1/2 the day rate.

    No longer. Now night time is only a tad less than day.

    Is this just my supplier (I'm with a small green energy company).

    Hard to tell I've just gone to Octopus and they don't display their prices anymore.
  • Though taxes now are the highest they've been in 74 years, not just since 1988.

    60% marginal tax rate is less than we currently tax people, not more.
    The tax take (as a proportion of gdp) is highest, not any particular tax rate. This has been the case for some years.
  • IshmaelZIshmaelZ Posts: 21,830

    They are taxed so highly they cant afjord the air fare out.
    I was going to make that very point. ToO slo.

    Unless we take it again from the bergening.
  • Nigel_ForemainNigel_Foremain Posts: 14,785

    One loud-mouthed Tory Yoon is a little bit poorer.

    Tory peer Michelle Mone pays out £50,000 to end row after 'racism' claim
    The Glaswegian businesswoman was said to have sent the message to Richard Lynton-Jones in a row on WhatsApp in 2019.

    https://www.dailyrecord.co.uk/news/politics/michelle-mone-payout-racism-claim-27685387

    But when will she be dragged into the dock for this?

    https://www.theguardian.com/uk-news/2022/apr/29/nca-launches-investigation-ppe-firm-linked-to-michelle-mone

    But almost certainly not as poor as a sad loser Anglo-phobe like you
  • dixiedeandixiedean Posts: 29,937
    edited August 2022
    148grss said:

    You say that, but we are in a crisis where neoliberalism is so deeply rooted in the political establishment that Labour are complaining that the Tories are going to explode the debt and accusing them of finding a magic money tree.
    Was musing the other night whether we'd actually seen the completion of re-alignment post- Brexit, without anyone noticing it as the single most long lasting effect.
    Labour as the party of the establishment, voted for by the influential and well-paid. Offering managerial competence of the status quo.
    The Tories, radical, idealist and interventionist? An innate belief that government is for change?
  • StuartDicksonStuartDickson Posts: 12,146
    kjh said:

    Not talking about giving them a vote (although I think we should) but talking about being positive about the Union rather than being aggressive towards the Scots. That is what Curtis said.
    The key to understanding FUDHY’s straw men and non sequiturs is that he has no concern whatsoever for the future of the Union. His sole concern is the future of his beloved Conservative Party.
  • TheuniondivvieTheuniondivvie Posts: 43,328
    Dura_Ace said:

    I just bought some new motorcycle boots (vegan Alpinestars) - £520!

    I think I paid about £380 about 18 months ago but destroyed those in the infamous Fireblade crash where I broke my wrist. In an urban environment.
    Just bought a pair of these in a charity shop (much less than £520); I sense Truss would find them quite beguiling.


  • noneoftheabovenoneoftheabove Posts: 24,254

    Until 1988, the top rate of income tax was 60 per cent. Perhaps members should take a closer look at the Thatcherite economics both Rishi and Liz are so keen on.
    Wage inequality was much less then too. Bosses getting perhaps 5-10x more relative to average worker and then being taxed less on it.
  • The tax take (as a proportion of gdp) is highest, not any particular tax rate. This has been the case for some years.
    Real marginal tax rates exceed 60% now for many people, that's precisely what we've been discussing.

    That its not called "Income Tax" anymore doesn't make it better. Marginal Income Taxes now for many people are higher than they were when they were capped at 60%.
  • StuartDicksonStuartDickson Posts: 12,146

    But almost certainly not as poor as a sad loser Anglo-phobe like you
    Wrong on all counts.

    I am comfortably off.
    I have led a very successful life.
    I am an Anglophile.

    Incidentally, one of your daft wee BritNat colleagues had a mental breakdown last night, accusing me, inter alia, of having never visited London! A most bizarre accusation. It is probably the city - outwith my home countries - that I have visited most frequently. In fact we were seriously considering moving there just prior to Covid hitting. The production team for that big tv show about folk buying houses were trying to book filming dates in our calendars. Shame PB never got to delight in that spectacle! 😄
  • Alphabet_SoupAlphabet_Soup Posts: 3,588
    OllyT said:

    I think this one's going for the longevity record - perhaps it's like a rodeo where he wins he prize if he stays on the site longer than anyone else without falling off (ie without getting the ban hammer). Still not fooling anybody though
    9/10.

    It was "spiritedness" that gave the game away - a ghastly compound derivative of two suffixes bolted onto the end of "spirit" which would, in itself, suffice. No native English speaker from Anchorage to Dunedin would coin such a dreary neologism.
  • Dura_AceDura_Ace Posts: 14,315

    Just bought a pair of these in a charity shop (much less than £520); I sense Truss would find them quite beguiling.


    She'd put them on and make you do a mukbang while she did that laugh that sounds like Julia Roberts in a centrifuge.
  • Daveyboy1961Daveyboy1961 Posts: 4,496

    Interesting. Just looked at my latest electric bill in detail and started checking against previous ones and I notice that 3 or 4 years ago the night time rate was ≈ 1/2 the day rate.

    No longer. Now night time is only a tad less than day.

    Is this just my supplier (I'm with a small green energy company).

    I suspect they have just slapped on a fixed amount on all units rather than a percentage, hence no longer half.
  • IshmaelZIshmaelZ Posts: 21,830

    Just bought a pair of these in a charity shop (much less than £520); I sense Truss would find them quite beguiling.


    Clock these: Giddens polo boots, probably £5000 first hand. £50 on eBay as "I think they are for motorcycling".


  • 148grss148grss Posts: 4,155
    dixiedean said:

    Was musing the other night whether we'd actually seen the completion of re-alignment post- Brexit, without anyone noticing it as the single most long lasting effect.
    Labour as the party of the establishment, voted for by the influential and well-paid. Offering managerial competence of the status quo.
    The Tories, radical, idealist and interventionist? An innate belief that government is for change?
    I mean, I think that would be optimistic. The theory I sign up to is that the modern era (Thatcher onwards) has been the Tories asset stripping the state and rolling back the gains of the working class, with the New Labour movement coming in once this creates a crisis and then shoring up the new status quo. It's just now that we've got to a point where all the silver is already sold off, and to shore up the status quo is to claim government has no ability to help anyone, which is hugely unpopular.
  • SlackbladderSlackbladder Posts: 9,795
    dixiedean said:

    Was musing the other night whether we'd actually seen the completion of re-alignment post- Brexit, without anyone noticing it as the single most long lasting effect.
    Labour as the party of the establishment, voted for by the influential and well-paid. Offering managerial competence of the status quo.
    The Tories, radical, idealist and interventionist? An innate belief that government is for change?
    That would be something if the Tories were actually doing anything rather than be reactionary to crisis's often of their own making.
  • Dura_AceDura_Ace Posts: 14,315
    Is there an iota of value in backing the Rishter at any price now? Surely he's just hanging out of his own arsehole at this point. Shall I do a daft ton on him?
  • darkagedarkage Posts: 5,398

    Which high tax Nordic states do you have in mind?

    Many did which is why the Nordic states have reversed high tax policies that backfired.

    Many Nordic states have higher but flatter tax rates without the 'NYC skyline' peaks and troughs of cliff edges we have in this country. Higher taxes is something I disagree with politically, though higher but flatter taxes are fairer for me than trapping many people in even higher marginal tax rates like we do in this country.
    In my experience (Finland), the taxes are higher for the lower paid because you always have to pay a flat municipal tax of around 20%. What this means in practice is that wages are higher for the lower paid, so it is harder to run a small business, and prices are higher than the UK, but not so much nowadays given the weak euro.

    Generally the services are much better. Massive swimming pools, beautiful parks and gardens and public squares, awesome libraries, fantastic public transport, cycle lanes, world beating schools etc.

    There doesn't seem to be an industry of small accountants. You just go to the tax office and do what you are told.

    There is something quite liberating and enterprising about the UK and its enormous complexity, loopholes and general inequality.
  • FoxyFoxy Posts: 51,218

    It is pretty unreasonable to expect everyone to agree at every level just because it is your idea of fairness.

    From a practical point of view I do agree with the idea of capping at 50%, but only because there are many people around like yourself who think over 50% is inherently unfair, and many multiple taxes so we can raise (or lower) so it is not particularly limiting on the state to do so. If that group did not exist or were smaller it wouldn't have my support.
    Removal of the personal allowance creates a 62% marginal rate for tax payers over £106000 at present. That could be abolished and the 45% band lowered to recoup the lost tax and create a better system.
  • OnlyLivingBoyOnlyLivingBoy Posts: 16,405
    148grss said:

    I mean, I think that would be optimistic. The theory I sign up to is that the modern era (Thatcher onwards) has been the Tories asset stripping the state and rolling back the gains of the working class, with the New Labour movement coming in once this creates a crisis and then shoring up the new status quo. It's just now that we've got to a point where all the silver is already sold off, and to shore up the status quo is to claim government has no ability to help anyone, which is hugely unpopular.
    Excellent analysis.
  • darkagedarkage Posts: 5,398
    darkage said:

    In my experience (Finland), the taxes are higher for the lower paid because you always have to pay a flat municipal tax of around 20%. What this means in practice is that wages are higher for the lower paid, so it is harder to run a small business, and prices are higher than the UK, but not so much nowadays given the weak euro.

    Generally the services are much better. Massive swimming pools, beautiful parks and gardens and public squares, awesome libraries, fantastic public transport, cycle lanes, world beating schools etc.

    There doesn't seem to be an industry of small accountants. You just go to the tax office and do what you are told.

    There is something quite liberating and enterprising about the UK and its enormous complexity, loopholes and general inequality.
    The other thing about Finland, is that there isn't really house price inflation, or much opportunity to speculate on property. The value of property is derived from how old it is and how much maintanence it needs. Many plots are, in more recent times, just rented from the local government (another source of revenue).
  • MattWMattW Posts: 26,619
    IshmaelZ said:

    Price has doubled. I paid £6,500 for 16 panels in 2013

    Sadly not on my present house
    Around 50-60% of that 13k will be for the house battery and fitting.

    Current cost of 4kWp of solar fitted has gone back up to 6k, which is surprisingly close to your £6,500 in 2013 when all the extra work had to be done for FITs.

    In between it went some way under 5k. Interesting stuff.
  • IshmaelZIshmaelZ Posts: 21,830
    Dura_Ace said:

    Is there an iota of value in backing the Rishter at any price now? Surely he's just hanging out of his own arsehole at this point. Shall I do a daft ton on him?

    50/1
  • OnlyLivingBoyOnlyLivingBoy Posts: 16,405
    darkage said:

    In my experience (Finland), the taxes are higher for the lower paid because you always have to pay a flat municipal tax of around 20%. What this means in practice is that wages are higher for the lower paid, so it is harder to run a small business, and prices are higher than the UK, but not so much nowadays given the weak euro.

    Generally the services are much better. Massive swimming pools, beautiful parks and gardens and public squares, awesome libraries, fantastic public transport, cycle lanes, world beating schools etc.

    There doesn't seem to be an industry of small accountants. You just go to the tax office and do what you are told.

    There is something quite liberating and enterprising about the UK and its enormous complexity, loopholes and general inequality.
    Yeah the UK is amazing. I mean, who could want world beating schools, fantastic public transport and awesome libraries, right? Much better to live in a land of private wealth and public squalor.
  • TheuniondivvieTheuniondivvie Posts: 43,328
    IshmaelZ said:

    Clock these: Giddens polo boots, probably £5000 first hand. £50 on eBay as "I think they are for motorcycling".


    You bought? Assume at that rrp they'd be bespoke so you'd be taking a gamble on where the original owner's bunions were.

    On a minorly connected note I was heartened to see in the recent Charlie Watts profile that Huntsman probably had more suit patterns for him in their basement than for any other customer. We shall not see his like again.
  • PulpstarPulpstar Posts: 79,222
    I'm not certain watching the Hustings that Liz will give particular support for energy bills. To my mind she looked up for a fight on all this.
This discussion has been closed.