Then they don't have any debt as they'll never pay it.
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Politics, politics, politics
- Thread starter markysimmo
- Start date
Not nearly as much as taxing employment, business and the middle classes (the three things that keep everyone else in work in this country) would.
I'm not after a hard brexit either, and I don't think we'll get one, but it has to be better than the 1970s economics that nearly ruined us.
Robspur12
Nick Barmby
No because their salaries will not be low enough to avoid paying it but not high enough to pay it off quickly.
I'm fairly sure you only pay a proportion of salary over the threshold. And that threshold is significantly higher than most non-graduates would earn at the start of their careers.
Doesn't sound particularly onerous to me.
An interesting article for those who feel that now May has given Corbyn a chunk of her vote share, the Labour party will have a big hug and all be friends;
https://blogs.spectator.co.uk/2017/06/labour-surrendered-corbynism/
https://blogs.spectator.co.uk/2017/06/labour-surrendered-corbynism/
In what way?
http://www.labour.org.uk/index.php/rail
"Routes will naturally return to public ownership as private contracts expire, meaning profits can be re-invested to improve services & hold fares down."
StephenH
David Ginola
Brixit and the 70's will feel very similar.
Robspur12
Nick Barmby
In the 70s the tax rates for higher rate tax payers was 83% even in the early Thatcher years it was 60%. Wasn't Corbyn going to raise it to 45% if you earn over £70000? Additionally not raise VAT or corporation tax for small businesses? Didn't sound too much like the 70s to me. There are plenty of things which you may not like Corbyn for but a return to 70s economics was not one of them.
People want a decent NHS and not pay for their old age. Sadly, (and I mean that because I don't like to see hard working people see more of their earnings taken in tax) it will mean some tax rises. The Tories would have to raise taxes too, they were just less up front about the ones they were raising.
Talking of the 70s the Tories will take us back to the problems we faced with the IRA following this deal with the DUP.
Gutter Boy
Tim Sherwood
There seems little difference between Corbyn's vision for Brexit and the government's. IIRC the only two points they were forceful about in terms of the 12 point white paper were guaranteeing EU citizens rights here unilaterally, and guaranteeing workers' rights at current standards.
Corbyn said on Andrew Marr yesterday that we'd leave the Common Market under him. He's as strong a Brexiteer at heart as any of the Tories - like them he's been an ideological opponent of the EU since at least Maastricht.
Feel very similar?
Depends. If you're a workshy fudger in a union who spent the 70s getting paid to do fudge all then Brexit will feel very different. The only possible similarity I can see is that some economists predict a contraction of the economy.
Corbyn's policies are fairly closely aligned with those of the 70s. That will feel like the 70s - added to the disaster he'd create of Brexit then it would feel more like a 3rd world country.
Robspur12
Nick Barmby
Labour's policy pre election was that we didn't leave the single market, protected the right of EU citizens already in the UK and protected some worker rights. A big difference from the Tory pre election guff. If Labour's Brexit policy has changed mate I was not aware.
Snapshots of numbers have little value without the background of the direction of travel. A decreasing 60% tax rate bodes better for the economy than an increasing 45% one.
You also have to take into the account language used here. McDonnell described people earning over (I think) £80K as "rich". That is not the salary of a rich person. I went through the mortgage loan to salary details in this thread when he first said it, but a person earning £80K would have a modest house and a comfortable (but a million miles from excessive) lifestyle.
Corbyn was talking about a return to nationalised industry. Even in an ideal scenario that means reduced efficiency and increased cost, but it also means a very likely return to the old days of union power and ever-increasing costs.
Everyone says they want a better NHS. If you ask someone if they want a better NHS that will cost them £2K a year in extra tax then I suspect you'll find people are perfectly happy with what they have.
If the DUP helping the government form a majority is enough to get Sinn Fein (who, BTW, keep telling us they are a peaceful, political party) picking up guns and bombs again then it was never much of a peace in the first place.
StephenH
David Ginola
I had a ball in 70 personally.........but Jessa has fulfilled his destiny and life ambition...........so its job done IMHO.....one 'would be' Tory majority blown out of the water.
'The right honourable members for the 1950's party' can now go away and disappear up their 1922 committee.
Robspur12
Nick Barmby
Look I am not convinced by Corbyn by any means. But The point should be made that his manifesto tax pledges were fairly benign. I have said before I don't believe that all services must be delivered by the state, re nationalisation of railways was an unnecessary distraction from other areas of the public sector which need urgent investment.
With respect to paying for the NHS, that view Is usually held by those that can afford alternative health care or given it as part of their renumeration package from work or who don't use the NHS much. You say to
ordinary people that the choice is pay a little more tax for the NHS or pay for a compulsory insurance based alternative most would choose the former.
With regard to the last point, the peace has lasted more than a decade. Peace with that much history and hatred is always fragile but a fragile peace is still preferable to no peace at all. If the British government picks a side at a time when there are problems with the power sharing process and NI politics is so polarised, that is bound to inflame the other side. It is totally irresponsible of TM. If there is a resumption of troubles she will have blood on her hands. It doesn't surprise me though the Tories lurch from one bad decision to the next. I never thought I would miss George Osborne.
Baleforce
Arthur Rowe
great
except that the required infrastructure improvements and staffing realignment will cost far more than any profit made
we've got a reckoning coming with the railways in this country and in my opinion full privatisation has a far better chance of fixing it than nationalisation
ricky2tricky4city
Steffen Freund
Why we arguing (ok, debating 
) about a pair of clams?
) about a pair of clams?
ricky2tricky4city
Steffen Freund
Are you saying it's the fragmented privatisation that causes a barrier to a successful railway network and given complete privatisation it would all be rosy?
Making profit is the problem here. Personally I don't think the railways should be exposed to that need. It is an essential service. That service is vital to so many in work and daily life and by continuation the country. I'd be quite happy for it to be subsidised (if necessary) as long as it is run efficiently and effectively and not in that 'don't worry the govt will pick up the tab' mentality. ie top talent from the private sector running a nationalised railway. The French do ok at it. Get control of ticket prices and also build into any national projects the aim to get more freight on to the railways.
And heck......we might even turn a profit.
We can't have state owned railways, unless they are owned by other states! Silly people. Same goes for energy companies etc.
Free university tuition is something other countries can do, but we can't have that here. Corporation tax in Germany is 30%, that madman Corbyn wants to jack ours up to 26%, the phucking loon. They also have free university tuition, but that's besides the point, we just can't do it here.
Mrs May needs to get on with the job, with the support and sound judgement of the DUP. David Davis says a leadership contest would be "the height of self-indulgence." Well, spot on Dave. I mean who would put the country through some kind of election turmoil just weeks before Brexit negotiations would start? I'm glad we have Mrs. May there so that nothing like that can happen.
As for people earning £80k being classed as rich, LOL. Poor phuckers on this pittance can barely afford to rent a room above a chip-shop, you can't expect their taxes to go up by a couple of percent, they'll end up on the street! Hopefully, Mrs. May will have the strength and stability to make sure we give the disabled less money, those bastards are rolling in it. I saw a bloke the other day who had rims on his wheelchair that kept on spinning when he came to a stop. If we can drive some of these flash bastards to suicide by cutting their benefits, the economy will certainly stay on a strong and stable footing, and we'll be able to ease the pain for business and the poor sods on upwards of £80k.
Get your priorities right, Britain!
Free university tuition is something other countries can do, but we can't have that here. Corporation tax in Germany is 30%, that madman Corbyn wants to jack ours up to 26%, the phucking loon. They also have free university tuition, but that's besides the point, we just can't do it here.
Mrs May needs to get on with the job, with the support and sound judgement of the DUP. David Davis says a leadership contest would be "the height of self-indulgence." Well, spot on Dave. I mean who would put the country through some kind of election turmoil just weeks before Brexit negotiations would start? I'm glad we have Mrs. May there so that nothing like that can happen.
As for people earning £80k being classed as rich, LOL. Poor phuckers on this pittance can barely afford to rent a room above a chip-shop, you can't expect their taxes to go up by a couple of percent, they'll end up on the street! Hopefully, Mrs. May will have the strength and stability to make sure we give the disabled less money, those bastards are rolling in it. I saw a bloke the other day who had rims on his wheelchair that kept on spinning when he came to a stop. If we can drive some of these flash bastards to suicide by cutting their benefits, the economy will certainly stay on a strong and stable footing, and we'll be able to ease the pain for business and the poor sods on upwards of £80k.
Get your priorities right, Britain!