tag:blogger.com,1999:blog-32841798.post7213947765986292439..comments2024-03-28T09:55:42.123+00:00Comments on Capitalists@Work: A £1,000,000,000,000 Debt for BritainCityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger25125tag:blogger.com,1999:blog-32841798.post-57579219597661084402014-12-15T06:41:34.723+00:002014-12-15T06:41:34.723+00:00I really loved reading your blog. It was very well...I really loved reading your blog. It was very well authored and easy to understand.<br /><a href="http://www.zamek-trebic.org" rel="nofollow">http://www.zamek-trebic.org </a> | <br><br />Anonymoushttps://www.blogger.com/profile/13182352025230582376noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-10010490160708003412014-12-03T10:00:01.611+00:002014-12-03T10:00:01.611+00:00You might write about the services on the blog. Yo...You might write about the services on the blog. You should disclose it's refreshing. Your blog conclusion could accelerate your shoppers.<br /><a href="http://www.healthmatchco.com" rel="nofollow">http://www.healthmatchco.com </a> | <br><br />Anonymoushttps://www.blogger.com/profile/00464943331271940724noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-23031630127925994562014-11-25T05:19:51.929+00:002014-11-25T05:19:51.929+00:00It's good that they have been able to provide ...It's good that they have been able to provide enough information about the issue.<br /><a href="http://www.autodetailersplus.com" rel="nofollow">www.autodetailersplus.com</a> | <br><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-37379108095014575792012-01-25T12:49:11.027+00:002012-01-25T12:49:11.027+00:00CU
I agree totally that we need to reduce spendin...CU<br /><br />I agree totally that we need to reduce spending. I think that the complexity of the tax and benefit system and all the really complex interactions between them - eg housing benefits and home-ownerism - make it really problematical to manage the political impact of cutting expenditure.<br /><br />Basically the whole tax and welfare code needs to be thought out anew. This government does not look likely to do it.diogenesnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-15992091790655514072012-01-25T09:18:07.663+00:002012-01-25T09:18:07.663+00:00Diogenes - raising more taxes is not the answer to...Diogenes - raising more taxes is not the answer to our problems. The issue we have is of living beyond our means - we either need to increase our means through growth or to reduce our spending.<br /><br />Raising taxes is the worst of all worlds currently, reducing growth prospects and not facing up to the need to reduce spending. <br /><br />tax rises in an inflationary recession are insanity. I have some sympathy with the ideas of tax reformation however; sadlky ti just seems so implausable,CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-26895770065036089462012-01-25T09:16:49.616+00:002012-01-25T09:16:49.616+00:00diogenes: As the comments show, the answer to your...diogenes: As the comments show, the answer to your question is no. Any party taking away the wealth built up in property would be defeated.<br />But to introduce it so that its ageist; It applies only to people born after 1999, would experience pull the ladder up effects.Malcolm Tuckernoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-53627436380545083202012-01-25T09:07:41.809+00:002012-01-25T09:07:41.809+00:00comments on my spelling are always appreciated as ...comments on my spelling are always appreciated as they provide me with great amusement<br /><br />And one or two of us as well.<br /><br />Interesting that the BofE conceded we were in recession and today says it's not all that bad - don't panic.James Highamhttps://www.blogger.com/profile/14525082702330365464noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-60366080547014171952012-01-24T23:17:40.956+00:002012-01-24T23:17:40.956+00:00PJH...a proper local authority would say, either b...PJH...a proper local authority would say, either build industrial units or build houses. We all know there is a shortage of houses in the UK, which is why we have to subsidise people to live in houses. This is a thought experiment, and it seems to being out a lot of atavistic attacks.diogenesnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-471647352510035742012-01-24T20:39:20.635+00:002012-01-24T20:39:20.635+00:00"Ehy not free up land for a more "produc..."<i>Ehy not free up land for a more "productive" use?</i>"<br /><br />What sort of productive use do you envisage for blocks of (now) empty land on a <a href="http://g.co/maps/frh77" rel="nofollow">trading estate</a>? (A significant number of the buildings there have been demolished since that image was taken - even since the street view pics were taken.)PJHhttps://www.blogger.com/profile/11331948749785269728noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-7664918343515088992012-01-24T20:15:41.693+00:002012-01-24T20:15:41.693+00:00anonymous - is there any point in having a lot of ...anonymous - is there any point in having a lot of empty commercial properties? Why do we need to preserve a stock of empty commercial properties? Ehy not free up land for a more "productive" use?diogenesnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-42605916084883501662012-01-24T19:44:58.189+00:002012-01-24T19:44:58.189+00:00@diogenes
That would be more than foolish to say t...@diogenes<br />That would be more than foolish to say the lest. No one would sell and thus no one would buy, thus wiping out stamp duty as well.<br /><br />Have you not noticed the number of commercial properties that have been demolished since the empty commercial property relief was abolished in 2008 ?<br /><br />Its called unintended consequences or "no shit Sherlock, I didn't see that coming"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-55677017614828676252012-01-24T19:29:29.562+00:002012-01-24T19:29:29.562+00:00cgt on homes :
if someone ever can now is the time...cgt on homes :<br />if someone ever can now is the time as house prices are fallingandrewhttps://www.blogger.com/profile/07311993288675111834noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-91915751079605603002012-01-24T17:01:19.331+00:002012-01-24T17:01:19.331+00:00would any party have the guts to impose capital ga...would any party have the guts to impose capital gains tax on residential housing?diogenesnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-25398228428356415702012-01-24T15:41:30.093+00:002012-01-24T15:41:30.093+00:00Anon: "Lower rates, Simplify the rules, Elimi...Anon: <i>"Lower rates, Simplify the rules, Eliminate Loopholes"</i><br /><br />I couldn't agree more, but politically it's a non-starter, for example the pensions companies are not going to give up on their £40 billion-plus a year tax breaks (all of which goes straight into their pockets, and none of which increases the value of pensions actually paid out. Fact. It's called tax arbitrage).<br /><br />Same goes for ISA accounts - banks just pay a lower rate of interest tax free.<br /><br />And woe betide you if you suggest getting rid of the exemption of income from owner-occupied housing.<br /><br />If you did these two simple steps, then you could have a flat tax of 33% or so and get rid of NIC, VAT, Council Tax etc etc.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-7841600703737916892012-01-24T14:35:45.327+00:002012-01-24T14:35:45.327+00:00Jan,
If you want to maximise the tax take then:
...Jan,<br /><br /><br />If you want to maximise the tax take then:<br /><br />Lower rates<br />Simplify the rules<br />Eliminate Loopholes<br /><br /><br />Compare that to what Gordoom McRuin did<br /><br />Raised rates<br />Doubled the number of regs<br />Made the loopholes abundant and complicated so the HMRC keeps losing in court - i.e. Vodafone<br /><br />Lets lave less leftish wishful thinking and more actions based on facts and experience..<br /><br />And that goes tripel for the Lib Dem arses...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-53941377582766245992012-01-24T13:38:48.401+00:002012-01-24T13:38:48.401+00:00"They are cutting too hard and too fast"..."They are cutting too hard and too fast" (TM) Ed Miliband.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-31641681315555029342012-01-24T12:59:42.427+00:002012-01-24T12:59:42.427+00:00A very good summary of our predicament CU and of h...A very good summary of our predicament CU and of how NuLab added to the problem. I can't believe how the hand-wringing lefties have the nerve to complain about the benefits cap. They must be completely financially illiterate. <br /><br />However the rich must be made to pay too and HMRC need to have more clout to get the tax due from those determined to avoid it.Jannoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-9369605817984087122012-01-24T12:52:18.377+00:002012-01-24T12:52:18.377+00:00According to Michael Meacher on Land Registry figu...According to Michael Meacher on Land Registry figures in two London boroughs alone some £82 billion, yes billion, worth of property has been moved into ownership offshore to avoid UK tax liabilities. A good many of these properties will be amongst those rented out to people drawing very large sums in housing benefit to cover the rent. In turn these monies will also go off shore. This is a racket and it is the ordinary taxpayer who is paying for it. How intriguing to see all the Bishops, those of the Left and others demanding that the very rich be able to extract so much for ever more.Demetriushttps://www.blogger.com/profile/17198549581667363991noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-6599461594627879512012-01-24T12:27:57.837+00:002012-01-24T12:27:57.837+00:00Timbo - petro-news to followTimbo - petro-news to followNick Drewhttps://www.blogger.com/profile/13670594203660051701noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-5856987980865074562012-01-24T12:24:49.605+00:002012-01-24T12:24:49.605+00:00I did say when the Coalition first put forward its...I did say when the Coalition first put forward its "cuts" that they would not work.<br /><br />The only way to cut is for the government to stop doing so many things. And that applies to our local government at Westminster as well as our main government in Brussels.Budgienoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-45090915763660318452012-01-24T12:21:50.043+00:002012-01-24T12:21:50.043+00:00Witch spelling is that?Witch spelling is that?Budgienoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-51842753729501825002012-01-24T12:12:28.895+00:002012-01-24T12:12:28.895+00:00comments on my spelling are always appreciated as ...comments on my spelling are always appreciated as they provide me with great amusement.CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-24943190620913676902012-01-24T12:10:01.574+00:002012-01-24T12:10:01.574+00:00sort your spelling out.sort your spelling out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-27585894459165128402012-01-24T10:50:53.564+00:002012-01-24T10:50:53.564+00:00Well - as I've been saying - "The number...Well - as I've been saying - "The numbers are too big" :(<br /><br />In other news, I half-expected a post form ND on Petroplus & the 20% Oil loss from Iran - living in the S.E. Should I fill the old Jag up and start the shortage?Timbo614https://www.blogger.com/profile/14671168026195402267noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-61620487857607115972012-01-24T10:33:41.617+00:002012-01-24T10:33:41.617+00:00"for pedants, this is a thousend billion, not..."<i>for pedants, this is a thousend billion, not a billion billion</i>"<br /><br />Wot no "a billion is a <a href="http://en.wikipedia.org/wiki/Long_and_short_scales#Short_scale_countries_and_regions" rel="nofollow">thousand</a> million, not a <a href="http://en.wikipedia.org/wiki/Long_and_short_scales#Long_scale_countries_and_languages" rel="nofollow">million</a> million" <a href="http://en.wikipedia.org/wiki/Long_and_short_scales#cite_note-28" rel="nofollow">pedantry</a> as well?<br /><br />:)<br /><br />(Would have thought with the SI units they'd at least have standardised what -illion meant.)PJHhttps://www.blogger.com/profile/11331948749785269728noreply@blogger.com