On a scale of 1 to 10, we're Fcked!

[willendure]

That is not correct, if we put the tax rate to 100% we do not get TRUCK loads of public money, there's a sweet spot, and it's already been argued that we're there now hence the budget being so difficult to squeeze more money out of the country.

Exactly.

Also worth noting that government spending in undeveloped countries can have a dramatic effect on GBP - every $ spend results in a $ gain. But in well developed countries the payoff ratio lowers, every $ spent results in more like 1/10 $ gain. We are already at the point where govt spending is in diminishing returns on GDP. Raise taxes too much and GDP will go down, which will lower the tax receipts.

We can probably take some assurance from that, because economists advising on this buget will know this too, and will hopefully be aiming to optimise the tax receipts over the long run instead of some kind of misguided wealth redistribution disaster that further crushes the economy.

My view is that a severe global recession is on its way, and when it arrives the govt will be spending like a drunken sailor and all these fancy new fiscal rules go out the window anyway.

[vetran]

When it comes to winding people up, you're a bit of an amateur - I'd find a hobby you're better suited to, maybe crochet, masturbation?

I think most people would think he treats that as an obsession.

[vetran]

Exactly.

Also worth noting that government spending in undeveloped countries can have a dramatic effect on GBP - every $ spend results in a $ gain. But in well developed countries the payoff ratio lowers, every $ spent results in more like 1/10 $ gain. We are already at the point where govt spending is in diminishing returns on GDP. Raise taxes too much and GDP will go down, which will lower the tax receipts.

We can probably take some assurance from that, because economists advising on this buget will know this too, and will hopefully be aiming to optimise the tax receipts over the long run instead of some kind of misguided wealth redistribution disaster that further crushes the economy.

My view is that a severe global recession is on its way, and when it arrives the govt will be spending like a drunken sailor and all these fancy new fiscal rules go out the window anyway.

That may be the case that injecting money into an existing system passes a point where ROI fails. Its rare that a well planned restructure does not increase effectiveness and return. This is why the experts have been calling for a reform of the NHS for decades.

[escapeUK]

Personally I work up to the higher tax bracket and stop. I don't see the point in losing so much more money. If they lower the bracket, I lower the work I do, they get less tax, I get less money to spend and more days off doing nothing productive for society.

Already I am planning my exit from the UK.

I do the same, or retain the excess in the business. The tax year just ended, I bunged a bit more in the pension to make it balance, they might be stupid enough to even take that option off the table! I'm not interested in working to pay for things people want but can't or won't pay for.

The trouble is, everyone sort of agrees generally that a bit of taxation is needed to make things work. Say in the region of 20-25%. We need roads repairing, we need street lights, we need a legal system and so on. But we are so far beyond that point now. We already hit the highest tax in 70 years under the Cons, and now Labour are going to put them up even more! Add to this our so called democracy is a sham. I don't accept this government has any legitimacy, but it doesn't really matter as the last one had a clear mandate and yet were still obviously working against us and our best interests. Taking my hard earned money to give to foreign countries? Nope.

What makes something done? Whether than be a country, a marriage or a business. When the people get to the point where moral is so low they give up.

[sadkingbilly]

When it comes to winding people up, you're a bit of an amateur - I'd find a hobby you're better suited to, maybe crochet, masturbation?

I think most people would think he treats that as an obsession.

can't you two find a public karzy to have your little hugs in??

[vetran]

We need roads repairing, we need street lights, we need a legal system and so on. But we are so far beyond that point now. We already hit the highest tax in 70 years

...

What makes something done? Whether than be a country, a marriage or a business. When the people get to the point where moral is so low they give up.

Well we don't even get the bins collected. Council services are hopeless. Slough Council like many others decided to go bankrupt.

We are now at the point that what we get for the money is so poorly delivered people are fed up of funding it.

[vetran]

can't you two find a public karzy to have your little hugs in??

signing your posts again?

[escapeUK]

Well we don't even get the bins collected. Council services are hopeless. Slough Council like many others decided to go bankrupt.

We are now at the point that what we get for the money is so poorly delivered people are fed up of funding it.

Yeah. I've been fed up of paying council tax for a long time. Its the constant increases with money squandered on things like 5 traffic lights on every junction. Bike lanes that no one uses. Rewilding pavements. Constantly digging up said pavements supposedly to improve them, then digging them up again in 5 years to change again. Making the pavements wider while shrinking road width. Busy work. Monuments to ethnic cleansing that happened in a different country.

We need to come up with a system where people choose what council services they want or support, and that's all they pay for.

[FIERCE TANK BATTLE]

I do the same, or retain the excess in the business. The tax year just ended, I bunged a bit more in the pension to make it balance, they might be stupid enough to even take that option off the table! I'm not interested in working to pay for things people want but can't or won't pay for.

Can't be doing with any of this pension nonsense, doubt there will be anything left. It just goes into property which will be my retirement fund and hopefully a stream of income so I can retire early.

[sadkingbilly]

Well we don't even get the bins collected. Council services are hopeless. Slough Council like many others decided to go bankrupt.

We are now at the point that what we get for the money is so poorly delivered people are fed up of funding it.

should have stayed in Southall then eh??