Titanic99 Posted July 17, 2010 Share Posted July 17, 2010 I still struggle to understand this commonly expressed argument that the country is broke and that we need to slash Public Services. The linked article confirms an estimated reduction of between 5 and 6% in the wealth held by Households over the course of the recession, whilst this is quite a bit of money it does confirm my argument that the country is still worth somewhere between 8 and 9 Trillion (up from 3 when Labour came to power) and that alternatives to slashing services do exist. Instead of slashing services, why can’t we increase taxation for those who have made a lot of money over the last 13 years and keep these services going and the people who work in them in work. http://www.ifs.org.uk/publications/5201 Link to comment Share on other sites More sharing options...
Berberis Posted July 17, 2010 Share Posted July 17, 2010 Would you please quote the part of the publication that backs up your argument about the country’s wealth? Link to comment Share on other sites More sharing options...
Titanic99 Posted July 17, 2010 Author Share Posted July 17, 2010 Would you please quote the part of the publication that backs up your argument about the country’s wealth? If it was previously worth 9 Trillion before the recession, then surely it is somewhere between 8 and 9 now! Link to comment Share on other sites More sharing options...
Berberis Posted July 17, 2010 Share Posted July 17, 2010 If it was previously worth 9 Trillion before the recession, then surely it is somewhere between 8 and 9 now! Quotes please. You wrote: The linked article confirms an estimated reduction of between 5 and 6% in the wealth held by Households over the course of the recession, whilst this is quite a bit of money it does confirm my argument that the country is still worth somewhere between 8 and 9 Trillion. Where in the linked article does it confirm your argument about the country’s wealth? Link to comment Share on other sites More sharing options...
Titanic99 Posted July 17, 2010 Author Share Posted July 17, 2010 Quotes please. You wrote: Where in the linked article does it confirm your argument about the country’s wealth? It confirms my argument in the sense that the reduction caused by the recession still leaves us very wealthy, others including yourself have valued it as much lower as a result of the recession. Anyway, do you think we'll be sat here in 13 years time having witnessed the same level of increases, or will your beloved Government make us all poorer? Link to comment Share on other sites More sharing options...
Berberis Posted July 17, 2010 Share Posted July 17, 2010 It confirms my argument in the sense that the reduction caused by the recession still leaves us very wealthy, others including yourself have valued it as much lower as a result of the recession. Anyway, do you think we'll be sat here in 13 years time having witnessed the same level of increases, or will your beloved Government make us all poorer? Can you quote the figures from the linked publication that backup your argument please? Link to comment Share on other sites More sharing options...
Titanic99 Posted July 17, 2010 Author Share Posted July 17, 2010 Can you quote the figures from the linked publication that backup your argument please? We've been through this many times before, the facts are that it has reduced by 5-6% during the recession, but it is still considerably more than when Labour came to power. Now come out of denial and tell us whether you will see the same level of increase in your wealth over the next thirteen years, if you don't think so then stop supporting this shambles of a Government and get behind a Party you know you've done well out of and one who delivered significant improvements in all areas of Public services. Link to comment Share on other sites More sharing options...
carosio Posted July 17, 2010 Share Posted July 17, 2010 Instead of slashing services, why can’t we increase taxation for those who have made a lot of money over the last 13 years and keep these services going and the people who work in them in work. http://www.ifs.org.uk/publications/5201 One way would be to have a wealth tax (on those who have made a lot of money) at say, 10% per annum on their savings? That surely would reduce the deficit. Link to comment Share on other sites More sharing options...
HeadingNorth Posted July 17, 2010 Share Posted July 17, 2010 We've been through this many times before And we will go through it many times again, unless and until you ever produce some evidence to support your claims. You never have done yet. Link to comment Share on other sites More sharing options...
Titanic99 Posted July 17, 2010 Author Share Posted July 17, 2010 One way would be to have a wealth tax (on those who have made a lot of money) at say, 10% per annum on their savings? That surely would reduce the deficit. Absolutely, the money to keep services going is there we just need to persuade people that we should start taking from the well-of to protect the poor. Link to comment Share on other sites More sharing options...
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