BrainKing - Discussion boards (Politics)

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Politics

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25. January 2011, 20:01:55

SL-Mark

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Subject: Re: he people who already pay the highest taxes will naturally get the most benefit from a tax reduction.

(V): >"In cash.. but in the difference between having enough and not to live on"
Not really clear on what your point is. The analogy to the beer tax example is that someone on the lowest wage would not be affected by a tax reduction, as they are not being taxed anyway!

Revolutions!? Again, what is your point?

No, the creators of wealth are not bankers. Wealth creators do not need resort to blackmail, they just move as they please.

25. January 2011, 21:24:08

Mort

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Subject: Re: The analogy to the beer tax example is that someone on the lowest wage would not be affected by a tax reduction, as they are not being taxed anyway!

Modified by Mort (25. January 2011, 21:25:40)

SL-Mark: So.. in this prof's world VAT and Duty don't exist. Everyone here in the UK pays tax in some shape or form... As I imagine in most countries.

"Revolutions!? Again, what is your point?"

Basic sociology .. people need to live happily.

"Wealth creators do not need resort to blackmail, they just move as they please."

But they do. That's why we have rules regarding MP's and their business contacts. Intel got a big fine for bribing. A CEO I use to work for blackmailed 2 people to avoid being booted from being a bad decision maker.. the two people had an office affair.

Wealth creators are human.

25. January 2011, 22:09:14

SL-Mark

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Subject: Re: The analogy to the beer tax example is that someone on the lowest wage would not be affected by a tax reduction, as they are not being taxed anyway!

(V): You are confusing income tax, which is what the prof is talking about, from other types of taxes. VAT is not applied to essential items such as food and childrens clothing and reduced for things like heating oil. It is a consumption tax, the more you consume the more you pay.

"People need to live happily" Agreed, but it is not the reponsibility of government or the rich to ensure this, but the individual.

Your last point and examples are nothing but prattle and is ignorant of economic realities.
Organisations are already moving their HQs out of the UK. Next is a very topical example.

25. January 2011, 22:37:48

Mort

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Subject: Re: The analogy to the beer tax example is that someone on the lowest wage would not be affected by a tax reduction, as they are not being taxed anyway!

SL-Mark: No I wasn't. It was quite clear he was going on about Income Tax.. but considering how our economy works, to say the poor pay nothing is false.

VAT may not be applied to "food and childrens clothing" but even poor people buy other things such as clothes for themselves, maybe a magazine or two. Perhaps pens!!

"but it is not the reponsibility of government or the rich to ensure this, but the individual."

True.. But it is the responsibility of the government and businesses to live upto their side of the bargain of this economy and reward those workers who are part of the rich getting rich and the government being in power.

"Your last point and examples are nothing but prattle and is ignorant of economic realities."

My "prattle" are examples of REAL events. Not some prof's schoolroom anecdotes. As to Next... So what? Their stores are not moving that is 95% of the firm . Business rates will not be lost there.