General Election Pre-Thread (6 of 6)

[bickster]

When Labour win the election, this will be the most left wing government in the UK for 60 years

I really don’t get why people think Labour has moved to the right.

Moved to the right of Corbyn  yes. Actually right of centre, not so much

• Nationalise the railways
• close the non-dom loopholes
• tax private education
•  make the minimum wage the living wage
• supposedly increasing capital gains and inheritance tax (not in the manifesto but it has been hinted)

The idea that Labour is now some right wing party is a bit fanciful really

[Rugeley Villa]

7 minutes ago, bickster said:

When Labour win the election, this will be the most left wing government in the UK for 60 years

I really don’t get why people think Labour has moved to the right.

Moved to the right of Corbyn  yes. Actually right of centre, not so much

• Nationalise the railways
• close the non-dom loopholes
• tax private education
•  make the minimum wage the living wage
• supposedly increasing capital gains and inheritance tax (not in the manifesto but it has been hinted)

The idea that Labour is now some right wing party is a bit fanciful really

They certainly are not right of centre but definitely more to the right than what  was being served up by Corbyn and thank god. Starmer seems to personally moved more towards the right than he previously was not so long ago. 

[one_ian_taylor]

57 minutes ago, MessiWillSignForVilla said:

I'd argue it would be far longer ago than that, the Iberian Peninsula was under Muslim control by the early 700s and Islam spread a lot through trade, so likely would've had some (extremely small) communities in trade hubs here not too long after. Although England was a bit of a backwater around that time, so may not have seen the point trading much with us, but certainly by the early part of the last millenium they probably would've been.

Edit - in fact my cursory glance at wikipedia to see if there was a commonly accepted date suggests the British Museum has a coin minted by Offa that has Arbic inscription on it which I find absolutely fascinating and now really want to go and see. This is massively off topic now but it's crazy just how intertwined cultures around the globe have been and for how long.

Having read this very interesting post, I'm  ashamed for having flippant thought  of Robin Hood Prince of Thieves. 

But now you've got me thinking about what the key exports would have been from the British Isles at that time, and other than tin, I'm struggling to come up with much 

[Rugeley Villa]

Why should capital gains and inheritance tax go up ? I’m not for that .

[MessiWillSignForVilla]

6 minutes ago, one_ian_taylor said:

Having read this very interesting post, I'm  ashamed for having flippant thought  of Robin Hood Prince of Thieves. 

But now you've got me thinking about what the key exports would have been from the British Isles at that time, and other than tin, I'm struggling to come up with much 

Admittedly my knowledge of the period is fairly surface deep, but I believe Wool, Cheese and Pottery were some of the main exports of the time.

[one_ian_taylor]

3 minutes ago, MessiWillSignForVilla said:

Admittedly my knowledge of the period is fairly surface deep, but I believe Wool, Cheese and Pottery were some of the main exports of the time.

Interesting, I thought  the wool trade came a bit later. 

[Stevo985]

8 hours ago, Rugeley Villa said:

Why should capital gains and inheritance tax go up ? I’m not for that .

It taxes the rich

[Davkaus]

9 hours ago, Rugeley Villa said:

Why should capital gains and inheritance tax go up ? I’m not for that .

Why should capital gains be taxed at much lower rates than wages?

Every time we want to improve something, people moan we can't afford it and we can't put taxes up any more. A good place to start is taxing profitable investments as much as labour.

[delboy54]

I have always been puzzled about the min wage or hourly rate. I am not against it, but I find it strange that those who are being paid this are in fact taxed.

I think that people on min wages/hourly rate should not be subjected to tax.

Yes no doubt "we" ie the country cannot afford it, but it is odd that government is saying this is the min wage that you need to get by, blah, blah.....and then tax you ...thought we need to get people back into work and spending money?

It seems to be a mixed message, because you earn so much (even on a minimum  wage!) we have to take some of that money off you in tax....

I know it's all to do with the personal tax thresholds but it does seem clear to me that a major overhaul of the tax system is required. Radical I know but the tax system seems way to complex and full of loop holes for specialist tax lawyers to find ways of their clients not to pay the tax that morally they are supposed to.

There that's my Sunday rant done for today...

[chrisp65]

Look, we can raise money for health care and police in any number of ways.

But why tax the luck of effortless inheritance of a property worth over a third of a million pound, when we can just tax roofers for doing a day’s actual work.

 

 

[Xela]

11 hours ago, Rugeley Villa said:

Why should capital gains and inheritance tax go up ? I’m not for that .

The tories have slashed the CGT threshold from £12k to £3k in the last few years 

[Panto_Villan]

45 minutes ago, delboy54 said:

I have always been puzzled about the min wage or hourly rate. I am not against it, but I find it strange that those who are being paid this are in fact taxed.

I think that people on min wages/hourly rate should not be subjected to tax.

Yes no doubt "we" ie the country cannot afford it, but it is odd that government is saying this is the min wage that you need to get by, blah, blah.....and then tax you ...thought we need to get people back into work and spending money?

It seems to be a mixed message, because you earn so much (even on a minimum  wage!) we have to take some of that money off you in tax....

I know it's all to do with the personal tax thresholds but it does seem clear to me that a major overhaul of the tax system is required. Radical I know but the tax system seems way to complex and full of loop holes for specialist tax lawyers to find ways of their clients not to pay the tax that morally they are supposed to.

There that's my Sunday rant done for today...

Because you’re taxed on your annual income, not your hourly rate?

[Xela]

2 hours ago, Stevo985 said:

It taxes the rich

I wouldn't say rich. If I make a £5k profit on an investment, i have to pay CGT on £2k of it. Its hardly teaching the fat cats a lesson. 

[Panto_Villan]

5 minutes ago, Xela said:

I wouldn't say rich. If I make a £5k profit on an investment, i have to pay CGT on £2k of it. Its hardly teaching the fat cats a lesson. 

The rich tend to make larger amounts of their wealth from investments rather than income, and really there’s no reason why capital should be taxed less than income.

[Rugeley Villa]

1 hour ago, Davkaus said:

Why should capital gains be taxed at much lower rates than wages?

Every time we want to improve something, people moan we can't afford it and we can't put taxes up any more. A good place to start is taxing profitable investments as much as labour.

I didn’t know it was taxed less than workers wages my bad. It’s more so inheritance tax which is money that’s already been taxed. 

[Panto_Villan]

11 hours ago, Rugeley Villa said:

Why should capital gains and inheritance tax go up ? I’m not for that .

From what I’ve read Inheritance Tax isn’t actually likely to go up, they’re planning to close the loopholes instead.

Farmland is free of IHT, for example. And various other accounting tricks the rich can use to avoid paying it.

[Rugeley Villa]

19 minutes ago, chrisp65 said:

Look, we can raise money for health care and police in any number of ways.

But why tax the luck of effortless inheritance of a property worth over a third of a million pound, when we can just tax roofers for doing a day’s actual work.

 

 

1 I don’t do a days work, I down tools at 12 

2 who says I pay tax 

[LondonLax]

57 minutes ago, delboy54 said:

I have always been puzzled about the min wage or hourly rate. I am not against it, but I find it strange that those who are being paid this are in fact taxed.

I think that people on min wages/hourly rate should not be subjected to tax.

Yes no doubt "we" ie the country cannot afford it, but it is odd that government is saying this is the min wage that you need to get by, blah, blah.....and then tax you ...thought we need to get people back into work and spending money?

It seems to be a mixed message, because you earn so much (even on a minimum  wage!) we have to take some of that money off you in tax....

I know it's all to do with the personal tax thresholds but it does seem clear to me that a major overhaul of the tax system is required. Radical I know but the tax system seems way to complex and full of loop holes for specialist tax lawyers to find ways of their clients not to pay the tax that morally they are supposed to.

There that's my Sunday rant done for today...

It’s not a bad idea for everyone to pay something into the system, even just for symbolic reasons. It feels like you have more stake in the system if you are helping pay for it. I understand people pay VAT and other taxes regardless but if you have an income tax system, even a very progressive one, I still like the idea of ‘we’re all putting something in towards this together’.

[Rugeley Villa]

Will labours immigration policy realistically work or will it be a free for all?  I know conservatives have not had any control over the borders but they have said what they are going to do for illegal immigrants. 

[bickster]

2 minutes ago, Rugeley Villa said:

Will labours immigration policy realistically work or will it be a free for all?  I know conservatives have not had any control over the borders but they have said what they are going to do for illegal immigrants. 

You know the Tories turned down the offer of having a processing centre in France?

You don’t see it mentioned much in the press for some reason

Quote

France urges UK to open legal migration route amid Channel crisis

French Interior Minister Gerald Darmanin urged Britain on Monday to open a legal route for asylum seekers in order to prevent people risking their lives by taking small boats across the Channel to England. 

Issued on: 29/11/2021 - 11:25

France24

The Tories refused. Labour will take up that offer.

So when you see the boats on the telly, remember that it is down to the Tory Party refusing that offer