green Posted May 16, 2012 Share Posted May 16, 2012 And I've moved the goalposts how? My original argument is that rich french people will leave france if a 75% tax rate is introduced and many will come to london. My current argument is that rich french people will leave france if a 75% tax rate is introduced and many will come to london. Anyone see any movement there? The 75% rate is after earning EU1million. How many people do you think that will affect? Link to comment Share on other sites More sharing options...
puisseguin Posted May 16, 2012 Author Share Posted May 16, 2012 The 75% rate is after earning EU1million. How many people do you think that will affect? In most western countries the top 1% of earners pay around 35-40% of the tax. That's certainly the case in the UK and the USA. I don't imagine that things will be any different in France. Link to comment Share on other sites More sharing options...
donuticus Posted May 16, 2012 Share Posted May 16, 2012 Keynes did advocate government borrowing in hard times to stimulatre the economy as you describe. However, he also advocated paying back the borrowings in the good times. Unfortunately for UK plc Gordon, best man for the job, Brown decided not only to borrow during the good times but also to borrow to prop up his electoral support when things went bad. That's why there is no way to borrow more to invest in useful infrastructure. At the end of the good times the debts were already crippling. That's not what Keynes envisaged at all. Hammer. Nail. Head. Link to comment Share on other sites More sharing options...
Mecky Posted May 16, 2012 Share Posted May 16, 2012 Keynes did advocate government borrowing in hard times to stimulatre the economy as you describe. However, he also advocated paying back the borrowings in the good times. Unfortunately for UK plc Gordon, best man for the job, Brown decided not only to borrow during the good times but also to borrow to prop up his electoral support when things went bad. That's why there is no way to borrow more to invest in useful infrastructure. At the end of the good times the debts were already crippling. That's not what Keynes envisaged at all. That must be why borrowing is up for both years of this government. Link to comment Share on other sites More sharing options...
andygardener Posted May 16, 2012 Share Posted May 16, 2012 That must be why borrowing is up for both years of this government. Funnily enough until the cuts are actually implemented (april this year) they don't have an effect on the budget. So the first two sets of figures are a hangover from Mad Broon's everything must go waste-a-thon. Link to comment Share on other sites More sharing options...
Magnese Posted May 16, 2012 Share Posted May 16, 2012 Funnily enough until the cuts are actually implemented (april this year) they don't have an effect on the budget. So the first two sets of figures are a hangover from Mad Broon's everything must go waste-a-thon. Once upon a time there were three bears............. Link to comment Share on other sites More sharing options...
Jim Graham Posted May 16, 2012 Share Posted May 16, 2012 That must be why borrowing is up for both years of this government. You really never get tired of being wrong do you? Borrowing 2009/2010 (Labour) = £164bn Borrowing 2011/2012 (ConDem) - £126bn You do the maths. Oh wait, sorry I forgot........................ a Sheffield education. Link to comment Share on other sites More sharing options...
foxy lady Posted May 16, 2012 Share Posted May 16, 2012 You really never get tired of being wrong do you? Borrowing 2009/2010 (Labour) = £164bn Borrowing 2011/2012 (ConDem) - £126bn You do the maths. Oh wait, sorry I forgot........................ a Sheffield education. Classic :hihi: Link to comment Share on other sites More sharing options...
Magnese Posted May 16, 2012 Share Posted May 16, 2012 You really never get tired of being wrong do you? Borrowing 2009/2010 (Labour) = £164bn Borrowing 2011/2012 (ConDem) - £126bn You do the maths. Oh wait, sorry I forgot........................ a Sheffield education. Classic rubbish!:hihi::hihi::hihi: Link to comment Share on other sites More sharing options...
mj.scuba Posted May 16, 2012 Share Posted May 16, 2012 This is a handy graphic at the Guardian. It shows the extent of deficits (or surpluses) since 1979, but crucially EXCLUDING FINANCIAL INTERVENTIONS. You can see how high it was by 2009, and how it starts to fall under the coalition. http://www.guardian.co.uk/news/datablog/2010/oct/18/deficit-debt-government-borrowing-data#zoomed-picture http://www.guardian.co.uk/news/datablog/2010/oct/18/deficit-debt-government-borrowing-data# Osborne relief as UK deficit beats target - but higher March borrowing points to tougher times ahead Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.