Reply to: Tories plan massive tax rises

[Mordac]

The last half way competent COE was Alistair Darling.

None of the Tory Bastards(tm) have been up to much, in particular not the Biscuit whose one track theme was austerity austerity austerity.

That's a very low bar you've set there...

[AtW]

The last half way competent COE was Alistair Darling.

He was piece of tulip who removed sensible business taper relief that encouranged long term share holdings and replaced it with limited ER which is (maybe was) about to get nuked.

The last sensible Chancellor was the one who dropped top income tax rate to 40%.

[DoctorStrangelove]

The last half way competent COE was Alistair Darling.

None of the Tory Bastards(tm) have been up to much, in particular not the Biscuit whose one track theme was austerity austerity austerity.

[AtW]

"Seems clear that Downing St wanted to write the Budget, Sajid wanted to remain in charge of the Budget, and that's what this is all about.
One source said: "They want to write the Budget, that wasn't happening, but now it will."

— Gordon Rayner (@gordonrayner) February 13, 2020"

Too right, WTF Javid was anyway? Totally out of his depth, McDonald was running rings around him last summer, completely unprepared for the job, good riddance.

[AtW]

"In a column this morning, Allister Heath warned that the Tories are courting disaster by flirting with a tax raid on wealth

He wrote:

No new taxes: that ought to be a golden rule for any Conservative government, especially one embarking on the most ambitious revamp of our economy, culture, politics and legal system in a generation. Bizarrely, however, discussions have been held at the highest levels in Nos 10 and 11 Downing Street about the possibility of a massive raid on pension contributions, a mansion tax-style wealth tax and a bevvy of other levies.

None of these reheated Corbynite and Milibandesque “ideas” was included in the manifesto; almost all would directly target Telegraph readers and others who have supported the Tories (and Boris Johnson personally) for the past 20 years. So what is going on? Is the nomenklatura rampaging out of control?

Are the clever-silly mandarins using the latest incarnation of our ever-changing “fiscal rules” to trip up Sajid Javid, furious that he has slapped them down on Brexit and infrastructure? Is this some misfiring attempt at class war against wealthy London Remainers, signalling to Northern recruits that the Tories have changed? Whatever it is, there is no justification for any of this nonsense.
"

The Tories are courting disaster by flirting with a tax raid on wealth

The only tax that should be put in is on former MPs, with "progressive" grades for those of them who were ministers, and reserve special rate for CoE (101%) and PM (999%).

[AtW]

Javid is out, bastard wanted to tax core voters

[DealorNoDeal]

That story has a definite whiff about it. Possibly a deliberate leak to test the waters or a diversionary tactic. The hand of Cummings perhaps?

Cue the official denials. Followed by Javid's sacking.

Well, almost. Certainly the hand of Cummings.

[AtW]

You probably missed the part where we already have a huge debt, and how debt has to be paid back.

Sent from my ONEPLUS A6003 using Tapatalk

It will never be paid back in full, but buyers can pretend it’s liquid AAA security that they can use as collateral for highly leveraged risky gambling.

Next!

[Cirrus]

You probably missed the part where we already have a huge debt

The interest?

£2400 per annum per family.

[d000hg]

Borrow money using very low interest rates.

You probably missed the part where we already have a huge debt, and how debt has to be paid back.

Sent from my ONEPLUS A6003 using Tapatalk

[original PM]

And then what?

Seize the means of production?

[AtW]

If you want massive infrastructure upgrades, someone has to pay for it...

Borrow money using very low interest rates.

[d000hg]

If you want massive infrastructure upgrades, someone has to pay for it...

[LondonManc]

What and you are telling me you prefer the American choice of right or very right.

Beside we have the slight right of centre tories and the slightly left of centre labour - and then a few other parties who just make up the numbers..

[AtW]

Slightly left guy who is a Marxist?