The Labour Party. All discussion here please

[tinfoilhat]

OK. (You could always try watching the speech for yourself y'know, much better than getting it second hand.)

 

Roughly speaking:

He is anti- austerity, stating it to be a political choice and not the only way to tackle the deficit.

He wants to introduce a real living wage. Pledged to build more houses. Tackle the gender pay gap. Cut tax breaks for buy to let landlords. Clampdown on 'Corporate welfare.' Get firms to pay their fair share of tax by aggressively tackling tax avoidance and evasion (possibility of 120 Billion being recovered.)

Access to financial models used by Bank of England and Office of Budget Responsibility to help Labour formulate an alternative economic policy, and employ economic discourse to secure dynamic growth...

 

Before you pick holes in it (that's just part of it,) watch the whole thing for yourself. He explains it better than I can.

 

---------- Post added 28-09-2015 at 17:40 ----------

 

 

Actually, yes.

 

The half hearted Conservative joke that is supposed to have tackled tax evasion, while at the same time cutting tax officials, is just that. Just because they Tory's say they're going to do it, doesn't make it so. They tell lies.

 

The new guy means business.

 

As for unpopular cuts, don't worry, Corbyn is going to be making some too. It's just going to be coming out of the pockets of the seriously rich for a change, instead of the pockets of the poor.

 

And labour don't tell lies? Pull the other one.

[drummonds]

OK. (You could always try watching the speech for yourself y'know, much better than getting it second hand.)

 

Roughly speaking:

He is anti- austerity, stating it to be a political choice and not the only way to tackle the deficit.

He wants to introduce a real living wage. Pledged to build more houses. Tackle the gender pay gap. Cut tax breaks for buy to let landlords. Clampdown on 'Corporate welfare.' Get firms to pay their fair share of tax by aggressively tackling tax avoidance and evasion (possibility of 120 Billion being recovered.)

Access to financial models used by Bank of England and Office of Budget Responsibility to help Labour formulate an alternative economic policy, and employ economic discourse to secure dynamic growth...

 

Before you pick holes in it (that's just part of it,) watch the whole thing for yourself. He explains it better than I can.

 

 

so pretty much like every labour chancellor. promise everything, spend like there's no tommorow, and borrow or tax the rich to pay for it. you do know it has been tried before. it is why labour aren't trusted with the economy.

[phantom309]

I'm sure you'll have the figures to hand. If they pay a lot of tax it's because they literally earn a fortune, and many, many times the average wage.

 

If you are lucky enough to earn mega bucks then you should thank your lucky stars and be prepared to pay what you owe.

 

There are a lot of people who have made their fortune by sheer hard graft and long hours and who now employ a lot of people who are employed by them risking their money to expand.

I know two or three people who started with nothing and came from large family,s ( so family not in a position to help ) whose work force is over 100 so they are providing employment for a lot of people as well as earning a good living for themselves

[Anna B]

I'm sure you'll have the figures to hand. If they pay a lot of tax it's because they literally earn a fortune, and many, many times the average wage.

 

If you are lucky enough to earn mega bucks then you should thank your lucky stars and be prepared to pay what you owe.

 

There are a lot of people who have made their fortune by sheer hard graft and long hours and who now employ a lot of people who are employed by them risking their money to expand.

I know two or three people who started with nothing and came from large family,s ( so family not in a position to help ) whose work force is over 100 so they are providing employment for a lot of people as well as earning a good living for themselves

 

And I don't begrudge them their wealth and success for one minute. I just want them to pay their tax at the correct rate like everyone else has to do.

 

I also doubt they are in the 1% along with companies like Starbucks and Amazon. These are the one's I'm hoping the Labour party will be seriously targetting.

[I1L2T3]

I'll chop two bits out for this point

 

He's going to do that while introducing rent control.

 

Do you see the problem?

 

 

 

Roughly,

About 40% of us, the poor, don't pay direct tax, they receive it.

About 10% of us, the merely well off, pay about 40% of taxes.

About 1% of us, the sriously rich, pay about 30% of taxes.

 

Somebody else can check the exact figures but you'll get the point to not scare off the seriously rich, or even the moderately well off. Corbyn's doing both to gain the support of those who don't contribute so much.

 

The fact that top 1% are contributing more as a % to the total tax take is most likely a function of their increasing share of the total wealth. I'd like to see the figures but I'd wager we are not talking about a properly functioning progressive tax system but one where the top 1% can make a headline out of paying a greater share of the total percentage while actually managing their average tax burden to historically low levels.

 

If true it certainly isn't something to celebrate.

 

We often hear about how we should not upset the 1% who I guess you would term the 'wealth generators'. Let's be clear. They are not wealth generators. They are wealth accumulators. We, the workers, are the real wealth generators.

 

Now let's be brutally truthful. You are not one of the 1% and you never will be. They would look down their nose at you so let me ask you a question. Why do you defend them when they'd bleed you dry in a second if they could?

[phantom309]

 

And I don't begrudge them their wealth and success for one minute. I just want them to pay their tax at the correct rate like everyone else has to do.

 

I also doubt they are in the 1% along with companies like Starbucks and Amazon. These are the one's I'm hoping the Labour party will be seriously targetting.

 

Anna they are foreign owned companies which I consider different to our own self made business people who often put a fair bit back into the community

[I1L2T3]

 

Anna they are foreign owned companies which I consider different to our own self made business people who often put a fair bit back into the community

 

There's an important point here.

 

The Tories, New Labour and the LibDems have been falling over themselves for 20 years to be the party of business. What that really means is working with lobbyists to deliver every (and I mean every) advantage possible to large corporates.

 

Yet when somebody like Corbyn dares to try and champion small and medium sized British business he is branded a lunatic.

 

Who is right?

[drummonds]

]

 

And I don't begrudge them their wealth and success for one minute. I just want them to pay their tax at the correct rate like everyone else has to do.

 

I also doubt they are in the 1% along with companies like Starbucks and Amazon. These are the one's I'm hoping the Labour party will be seriously targetting.

 

don't you think every government has an ambition to tax those getting round our tax system? just saying the words doesn't raise a penny in tax. coming up with a new idea to collect it does and i heard no new ideas from mcdonnald.

 

similarly putting up top rate tax or increasing corportaion tax only brings in revenue if the folk involved stick around long enough to pay. a company moving production to a low tax country is a more likely result.

 

if you were making steel in the uk what would keep you here? would increased taxes help you make a decision?

 

if john mcdonald comes up with a reason why lewis hamilton should pay tax in the uk i will listen. otherwise he is just more left wing hot air.

[tinfoilhat]

 

There's an important point here.

 

The Tories, New Labour and the LibDems have been falling over themselves for 20 years to be the party of business. What that really means is working with lobbyists to deliver every (and I mean every) advantage possible to large corporates.

 

Yet when somebody like Corbyn dares to try and champion small and medium sized British business he is branded a lunatic.

 

Who is right?

 

Remind me again what Corbyn is doing for small and medium businesses again (apart from pushing up a wage bill?)

[Eric Arthur]

The fact that top 1% are contributing more as a % to the total tax take is most likely a function of their increasing share of the total wealth. I'd like to see the figures but I'd wager we are not talking about a properly functioning progressive tax system but one where the top 1% can make a headline out of paying a greater share of the total percentage while actually managing their average tax burden to historically low levels.

 

If true it certainly isn't something to celebrate.

 

We often hear about how we should not upset the 1% who I guess you would term the 'wealth generators'. Let's be clear. They are not wealth generators. They are wealth accumulators. We, the workers, are the real wealth generators.

 

Now let's be brutally truthful. You are not one of the 1% and you never will be. They would look down their nose at you so let me ask you a question. Why do you defend them when they'd bleed you dry in a second if they could?

You've no idea how much I earn and you never will do.

 

I got my decimal point wrong. The top 0.01% , or 3000 people, pay more tax than the bottom 9 million people.

 

Envy doesn't get you anywhere but a private plane can get you most places faster, especially if you want to spend less than 90 days in the country because you're being taxed too much. Be careful what you wish for.