Milliband wants Banks to pay for free childcare..

[I1L2T3]

You seem to spend so long claiming the goal posts have moved that you are ignoring the big picture. Banks pay the bulk their corporation tax in their base country. The folks on the £million salaries are based there. So when Santander took over Alliance & Leicester the UK lost a massive amount to tax revenue.

It has clearly escaped your notice that only a few financial institutions needed a bail out. The rest continued to contribute 12-15% of UK GDP and tax revenues just as they have done for the last 20 years. If you are happy to see that money go to another country and make up the shortfall from increased tax here you are a very jaded person. Perhaps we should just let all these folks move out and halve the size of the NHS.

 

That's the worst argument for not restructuring the economy to reduce the dependence on the finance sector, the argument that we cannot survive without having a dominant finance sector.

 

Having a dominant finance sector is what landed us in trouble. It was a mistake letting it grow so large. We have to restructure away from that or the UK tax payer is on the hook again and again to pay for bankers' mistakes.

 

As for shifting the goal posts that has happened several times in this thread by posters desperately trying to argue for the status quo, trying to persuade us that the banks are OK after all and we need them to continue operating as they do now. Trying to tell us that the banks are going to all move away which is patent nonsense. As I mentioned some bits of some banks might go over time. I'm hoping that at some point we can get the regulation right so that the destructive elements of the banking sector are driven away.

[barleycorn]

Milliband wants to take extra tax from the Banks to pay for an extension to free childcare because people are struggling with the costs of somebody else looking after their 'little darlings'.

 

Perhaps we should introduce a drop of common sense here and just say to parents and prospective parents, if you can't afford to look after a child then DON'T have one !!!!

 

Problem solved.

 

The problem isn't that (working) parents can't afford to have children but more that not only is childcare far to expensive but also that you need either one higher earner of two moderate earners to be able to afford to have one. The days are gone when most families can survive on only one wage meaning both parents have to work. Not a problem when childcare is cheap but when its cost equal the wage of a low earner then what's the point of going to work? Do you really want to live in a country where only the rich can have kids?

For example, when my wife goes back to work after her maternity leave there will be only £25/day left from her wage after paying the £60 for childcare.

 

jb

[Jason Bourne]

The problem isn't that (working) parents can't afford to have children but more that not only is childcare far to expensive but also that you need either one higher earner of two moderate earners to be able to afford to have one. The days are gone when most families can survive on only one wage meaning both parents have to work. Not a problem when childcare is cheap but when its cost equal the wage of a low earner then what's the point of going to work? Do you really want to live in a country where only the rich can have kids?

For example, when my wife goes back to work after her maternity leave there will be only £25/day left from her wage after paying the £60 for childcare.

 

jb

 

^^^^^^

This.

 

The unemployed are encouraged to breed recklessly, because more kids == more benefits.

 

The rich can afford to have kids.

 

Middle classes who are pulling their weight can't afford to have more than one or two children.

 

We're gonna end up with a society like that shown in the opening scene of Idiocracy, where the intelligent people have died off:

 

[ivanava]

I see the banks are being scapegoated again for the failing of the last government and the public desire to spend money they couldn't afford to spend.