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Why Are Labour And The Lib Non Dems So Desparate To Steal Money From Sucessful Companies?
17 Answers
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They already pay an elevated level of corporation tax. The green eyed monster still seems to dominate their thoughts.
They already pay an elevated level of corporation tax. The green eyed monster still seems to dominate their thoughts.
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Nobs: They already pay 63% more corporation tax than most other companies why should they have more stolen from them? Windfall tax is an entirely insidious anti success measure that in reality would help very little anyway. The government has many better ways of increasing available revenue. Cutting costs for example.
If you read to the end of this
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it suggests that in a number of recent years both Shell and BP had more paid out to them by the government than they paid in tax.
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it suggests that in a number of recent years both Shell and BP had more paid out to them by the government than they paid in tax.
In the 70s income tax top rate was 97%, why? it raised almost nothing but meant those that were earning it went abroad. That meant that they did not spend their wealth here and pay indirect tax or indeed employ anyone. Therefore the only reason for it must have been envy and chastisement of success which is why the left love income tax, but most of it is paid by basic rate tax payers, not the rich, that's their paradox.
//...at least some in the Tory government seem to be in favour of a windfall tax too.//
But then they are not proper Tories, are they? They are what some describe as "Tory-lite". I prefer the term "socialists" and they've no business belonging to the Tory party, let alone being in a government formed by them.
What is the justification for a "windfall tax" on unexpected profits? Do companies get a "windfall grant" when they suffer unexpected losses? And what's the point of it anyway. Whatever is raised will only get lost in the noise or be completely wasted. When there's more money to spend, Civil Servants will find a way to spend it and it won't result in consumer's gas bills going down.
As above, the opposition can call for whatever it likes but when facing an 80 seat deficit they are unlikely to succeed. However, the Tories need to be careful. At the next election they will face three potentially effective opposition parties who, together, can deprive them of a majority. They have the Labour Party, who are professional opposers (because they've had lots of experience in that role); there are the LibDems, who will jump into bed with anybody who promises them the spare keys to No10 for five years; and there is Ms Sturgeon's mob, whose supporters seem to have taken leave of their senses. The Tories need to gel, start behaving like Tories and forget any notions of imposing further taxes on either people or businesses because at the moment many of their supporters (me included) have nobody to vote for and so probably won't bother.
But then they are not proper Tories, are they? They are what some describe as "Tory-lite". I prefer the term "socialists" and they've no business belonging to the Tory party, let alone being in a government formed by them.
What is the justification for a "windfall tax" on unexpected profits? Do companies get a "windfall grant" when they suffer unexpected losses? And what's the point of it anyway. Whatever is raised will only get lost in the noise or be completely wasted. When there's more money to spend, Civil Servants will find a way to spend it and it won't result in consumer's gas bills going down.
As above, the opposition can call for whatever it likes but when facing an 80 seat deficit they are unlikely to succeed. However, the Tories need to be careful. At the next election they will face three potentially effective opposition parties who, together, can deprive them of a majority. They have the Labour Party, who are professional opposers (because they've had lots of experience in that role); there are the LibDems, who will jump into bed with anybody who promises them the spare keys to No10 for five years; and there is Ms Sturgeon's mob, whose supporters seem to have taken leave of their senses. The Tories need to gel, start behaving like Tories and forget any notions of imposing further taxes on either people or businesses because at the moment many of their supporters (me included) have nobody to vote for and so probably won't bother.
I lover these repeated threads where everyone just repeats what they said before
( the politician Talleyrand is supposed to have said of them, “They have learned nothing, and they have forgotten nothing.” of Charles X 1816. )
but most of it is paid by basic rate tax payers, not the rich, that's their paradox. - no paradox, Tax 101
The set of people who pay the X tax is the 'tax base' for X
Clearly those paying basic rate is many more than the 97% sur tax
I will tax them until the pips squeak ( Healey ) - actually confiscatory taxation suddenly went out of fashion.
very popular with the voter
and we are back to the politics of envy
allpolitics is circular I conclude
( the politician Talleyrand is supposed to have said of them, “They have learned nothing, and they have forgotten nothing.” of Charles X 1816. )
but most of it is paid by basic rate tax payers, not the rich, that's their paradox. - no paradox, Tax 101
The set of people who pay the X tax is the 'tax base' for X
Clearly those paying basic rate is many more than the 97% sur tax
I will tax them until the pips squeak ( Healey ) - actually confiscatory taxation suddenly went out of fashion.
very popular with the voter
and we are back to the politics of envy
allpolitics is circular I conclude
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