Current Affairs 2017 General Election

[roydo]

I'm not in favour of taxing or punishing the small business owners but the anti-competition sharp practice corporations I would regulate and tax into reform or out of existence.

Like who?

 

[ToffeeTim]

Like who?

That's what I don't get. As many of us are employed by large scale entities as smaller businesses. Taxing any business more severely runs the risk of job losses or jobs going abroad. Unemployment should be the number 1 target area for any government. You create jobs for people and seek to boost employment figures first. You don't instead increases taxes on the job creators to pay for the unemployed. I think that's where I differ widely with the labour party these days.

 

[Clint Planet]

And I think it's pretty obvious the trickle down theory doesn't work - witness the vast number of jobs I've mentioned that were previously decently paid with decent terms that are now minimum wage minimum security usury for the corporations profits

"Trickle-Down," it turns out, was nothing more than a whispered promise in the ear of a naive loved one. A mirage, a sham, a con.

Nothing "trickles down."

It was all smoke and mirrors to justify the neo-liberal free-for-all. And that, these days, is indisputable.

 

[magicjuan]

Punishing job creators wrecks economies. Let them provide jobs. Don't stifle them. Taxing them more severely is hugely naive and counterproductive. I've tons of respect for anyone who goes into business and tries to make something of themselves. Business owners are decent, honourable people, but Corbyn simply sees them as groups to exploit.

Dear lord you are so far off the beaten track. Please stop for the sake of the last of sanity.

 

[magicjuan]

Punishing job creators wrecks economies. Let them provide jobs. Don't stifle them. Taxing them more severely is hugely naive and counterproductive. I've tons of respect for anyone who goes into business and tries to make something of themselves. Business owners are decent, honourable people, but Corbyn simply sees them as groups to exploit.

Just out of curiosity, these jobs created are they steady, full time jobs, protected and with rights, holiday pay, sickness pay and earning enough to contribute to the economy through taxation or reliant upon government benefits and top ups?

 

[JonS]

Like who?

Monsanto, Amazon, any corporation whose products or practices cause harm rather than benefit

 

[ToffeeTim]

Just out of curiosity, these jobs created are they steady, full time jobs, protected and with rights, holiday pay, sickness pay and earning enough to contribute to the economy through taxation or reliant upon government benefits and top ups?

I thoroughly disagree that taxing businesses more will fix any of these issues you bring up, some of which are valid. Businesses create jobs. Businesses are attracted by low tax regimes not ones which punish success.

It's not just business tax, but tax in general. When rates go up, receipts almost always fall. It's based on decades of economic analysis. I just don't agree businesses paying more tax is one, likely to be successful in practice, and two helpful to our economy and society.

 

[JonS]

I thoroughly disagree that taxing businesses more will fix any of these issues you bring up, some of which are valid. Businesses create jobs. Businesses are attracted by low tax regimes not ones which punish success.

It's not just business tax, but tax in general. When rates go up, receipts almost always fall. It's based on decades of economic analysis. I just don't agree businesses paying more tax is one, likely to be successful in practice, and two helpful to our economy and society.

If they can't pay more taxes at least they could have the decency to pay their staff properly

 

[magicjuan]

I thoroughly disagree that taxing businesses more will fix any of these issues you bring up, some of which are valid. Businesses create jobs. Businesses are attracted by low tax regimes not ones which punish success.

It's not just business tax, but tax in general. When rates go up, receipts almost always fall. It's based on decades of economic analysis. I just don't agree businesses paying more tax is one, likely to be successful in practice, and two helpful to our economy and society.

When tax is raised on a socialist mindset it is redistributed throughout society. When that revenue is lost who contributes to roads, health, fire and police etc? So, if one of your businesses goes on fire they shouldn't call the fire brigade because they have contributed nothing to their costs. Fine.

 

[JonS]

We live in a society where some of the jobs most helpful to the community (teachers, care workers, nurses) are some of the worst valued and paid, whereas some of the least helpful and most harmful (some of the banking and financial industry like short term currency traders) are renumerated the highest.

Don't you think it would be good to change society so that there is a reversal in this?

 

[ToffeeTim]

When tax is raised on a socialist mindset it is redistributed throughout society. When that revenue is lost who contributes to roads, health, fire and police etc? So, if one of your businesses goes on fire they shouldn't call the fire brigade because they have contributed nothing to their costs. Fine.

Businesses pay tax simply to employ someone. Employers NIC?

 

[peteblue]

The key there is funding Pete. Cuba would love to plough a lot more more into its socialist health care system which is fantastic in principle and working with the resources they have. Funding becomes a tad problematic if the great capitalist USA chokes you with an illegal trade embargo for over half a century.

Whereas your beloved tories CHOOSE to decimate funding for the NHS and make those who suffer most in society suffer some more.

I'd have Cuba over them any day.

I think Cuba use their money very wisely, but let's not pretend that anyone would rather be in a Cuban hospital rather than a U.K. one. UK funding with Cuban wages would give each of us our own Doctor and Nurse. The NHS has funding, but it's the spending and the way it operates that this article highlights........

 

[peteblue]

Well, I got an A in my Economics A Level but I admit I never pursued it, academically, beyond that.

I know enough to point out that it is neo-liberal monetarism and capitalist recklessness that caused the Financial Crisis, though, and it has so far been ameliorated by largely Keynesian measures. I am also clever enough to note that since the Crisis, it has been the poor and not the super-rich who have footed the bill. Now call me old-fashioned, but that just doesn't seem right to me.

I agree. Some people should now be in prison.......

 

[chicoazul]

I think Cuba use their money very wisely, but let's not pretend that anyone would rather be in a Cuban hospital rather than a U.K. one. UK funding with Cuban wages would give each of us our own Doctor and Nurse. The NHS has funding, but it's the spending and the way it operates that this article highlights........

You get seen to much quicker in Cuban hospitals than the NHS. And that's came about weirdly since the tories took power and started imposing draconian cuts. For Cuba that would not be an option.

 

[orchard]

Businesses pay tax simply to employ someone. Employers NIC?

Unfortunately, by swindle, Corporations are supposed to exist in law as a person, and this is one of the major causes for lots of issues.
However, this truth doesn't help your argument at all.