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The 2nd longest suicide note in history !
TOPIC: The 2nd longest suicide note in history !
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Re:The 2nd longest suicide note in history ! 6 Years, 11 Months ago
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andrew wrote:
I still want to know where Corbyn thinks all this money is going to come from
Good overview in Sky Views -
news.sky.com/story/sky-views-well-all-pa...ion-pledges-10873271
Labour is, as Mr Johnson forecast, seeking to fund its pledges by taxing high earners and multinationals more. It has promised higher taxes only on those earning more than £80,000 a year.
Yet there are not enough of such people to raise the sums Labour seeks. These top 5% of earners, having already been hit with the heaviest tax increases since 2010, already pay 47% of all income tax. Not much more can be squeezed from them.
An extra penny on their income tax would raise less than £1bn. The top rate would have to rise to at least 50% to have a chance of raising much more than that - and this assumes top earners would not change their behaviour after such a hike. When Labour last raised the top rate of income tax to 50%, during the last six weeks of Gordon Brown's government, the amount of tax collected from such earners fell. The same would happen again now. Top earners might decide to work fewer hours to reduce their tax bill or go overseas. It would not raise as much as Labour hopes.
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Welcome to Loony La-La Land !
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Re:The 2nd longest suicide note in history ! 6 Years, 11 Months ago
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In The Know wrote:
andrew wrote:
I still want to know where Corbyn thinks all this money is going to come from
Good overview in Sky Views -
news.sky.com/story/sky-views-well-all-pa...ion-pledges-10873271
Labour is, as Mr Johnson forecast, seeking to fund its pledges by taxing high earners and multinationals more. It has promised higher taxes only on those earning more than £80,000 a year.
Yet there are not enough of such people to raise the sums Labour seeks. These top 5% of earners, having already been hit with the heaviest tax increases since 2010, already pay 47% of all income tax. Not much more can be squeezed from them.
An extra penny on their income tax would raise less than £1bn. The top rate would have to rise to at least 50% to have a chance of raising much more than that - and this assumes top earners would not change their behaviour after such a hike. When Labour last raised the top rate of income tax to 50%, during the last six weeks of Gordon Brown's government, the amount of tax collected from such earners fell. The same would happen again now. Top earners might decide to work fewer hours to reduce their tax bill or go overseas. It would not raise as much as Labour hopes.
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Welcome to Loony La-La Land !
Heard that all time when I signed on or did jobs people weren't happy with. It's common sense that rich will cut their hours or do jobs overseas to avoid more tax.
Pattaya has know doubt done the same thing.
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Re:The 2nd longest suicide note in history ! 6 Years, 11 Months ago
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Then there is more money that was promised to the unemployed.
I can understand giving carer's more to match it up with Scotland whose CA just £70 but again the money has to come from somewhere.
NHS does not need 10 billion to protect it's IT system.
New Labour gave the NHS all the money in the world and it was still a disaster.
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