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May 7th | UK General Election 2015 OT - Please go vote!

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Deleted member 231381

Unconfirmed Member
What was the first audience members issue with Jim Murphy? Didn't catch what he said, only something about UKIP.

"You called Farage a 'vile human being'. Doesn't saying that make you equally vile?"

The rare Scottish 'kipper.
 
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Deleted member 231381

Unconfirmed Member
I see. Would have been good if he just replied "No."

I'm 90% sure he didn't quite hear the question properly; his answer didn't make any sense as a response.

EDIT: I feel genuinely bad for the poor woman asking this question, but at the same time I really don't like questions from the audience. They're never going to be as good as questions from professional interviewers/panellists who go away and research data and make points not based on anecdotal evidence/are totally tangential.
 
Stop calling national Debt a Credit Card, really sick of the Tories doing that and not being picked up by anyone.

EDIT:
Ah, nice labour will increase tax and put it into the NHS.....something that doesn't effect Scottish voters. Good job Jim.
 
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Deleted member 231381

Unconfirmed Member
Jim Murphy literally cannot answer questions. He's made of question anti-matter or something.

EDIT: fuck, how can so many people not realize you only get taxed on the amount you make over the threshold
 
Tbf the national debt is more like a credit card than it needs to be given that our QE has lead to nil inflation. As it stands, we do pay tangible, significant interest on our debt.
 
CCA2lJWXIAE8n1S.jpg

(Pic pinched from Twitter)
 
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Deleted member 231381

Unconfirmed Member
Tbf the national debt is more like a credit card than it needs to be given that our QE has lead to nil inflation. As it stands, we do pay tangible, significant interest on our debt.

It's a bad analogy regardless. The UK isn't comparable to an individual because the UK expects its 'income' to go up forever (with brief dips from time to time). As long as the interest repayments grow at a smaller rate than income increases, the UK is still better off at any given point in the future. I'm sure your response will be 'yes, but we could be better off', but this isn't necessarily true. If the result of us trying to reduce the interest repayment future generations have to meet is that we cause hysteresis effects in the present, then they may be worse off.
 
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Deleted member 231381

Unconfirmed Member
"We're going to have mild spending increases that reduce the deficit."

Oh. Okay, then, Nicola. That makes sense.

Just say fuck it, the deficit is not the most important thing right now. I don't see why that's so hard.
 

kmag

Member
"We're going to have mild spending increases that reduce the deficit."

Oh. Okay, then, Nicola. That makes sense.

Just say fuck it, the deficit is not the most important thing right now. I don't see why that's so hard.

I believe what she was reaching for was the idea that that slightly increased spend would stimulate growth. Essentially a fair proportion of the UK's growth the last few years is due to Osborne reducing the rate of cuts. His original plan turned growth into stagnation.
 
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Deleted member 231381

Unconfirmed Member
I believe what she was reaching for was the idea that that slightly increased spend would stimulate growth. Essentially a fair proportion of the UK's growth the last few years is due to Osborne reducing the rate of cuts. His original plan turned growth into stagnation.

You'd have to have the increased spending stimulate growth by so much that the taxation you got from the increased growth was greater than the amount you increased spending by, otherwise (by definition) the deficit isn't actually decreasing. This is very implausible. This isn't a problem I have specifically with Nicola/the SNP, by the way; I get annoyed when pretty much any left-wing politician doesn't just say "fuck it, the deficit can be repaid when everyone is in a state where they can do so. Right now, we're suffering", and tries to pretend the deficit is their main concern instead. Every time they keep the pretense up, the idea that the deficit is all important gets ever more ingrained in peoples' minds and just makes it harder for proper economic conduct to be carried out.
 

PJV3

Member
This election fucking sucks, I'm going to end up tactically voting for Ed cuntface Davey. Jesus, I'm not sure I can be bothered to muster the energy to go to the polling station.

Please sort out this voting system before I die.
 
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Deleted member 231381

Unconfirmed Member
This is actually a really ugly debate; I'm not sure anyone is coming out well.
 

cyberheater

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Well not wanting Tories or the SNP in. I guess I'm sort of forced to vote Labour. Fuck.
 

kmag

Member
This is actually a really ugly debate; I'm not sure anyone is coming out well.

The media are basically giving it to Murphy. Not really sure how he has the warmth and charm of creeping death and he's not answered a single question with anything vaguely connected to the question asked.
 

Orbis

Member
EDIT: fuck, how can so many people not realize you only get taxed on the amount you make over the threshold
It's scary, because it means these people don't even know if they're being taxed correctly when they read their payslip.
 
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Deleted member 231381

Unconfirmed Member
The media are basically giving it to Murphy. Not really sure how he has the warmth and charm of creeping death and he's not answered a single question with anything vaguely connected to the question asked.

I'm not Conservative in the slightest (I know, the shock!), but I'm actually giving it to Ruth. She's come out with passion and fought for it. Murphy is doing a Cyberman impression and Nicola is just coming across as a bit arrogant.
 

kmag

Member
I'm not Conservative in the slightest (I know, the shock!), but I'm actually giving it to Ruth. She's come out with passion and fought for it. Murphy is doing a Cyberman impression and Nicola is just coming across as a bit arrogant.

Ruth Davidson is actually a pretty decent politician and pretty decent person. I've met her socially on a couple of occasions. She's wrong about most things but she's alright. The NHS prescription charges is one of those things. Anyone wanting to go back to the old system of prescription charges is a moron. The exemptions where a a millionaire pensioner can get free prescriptions but a single income couple earning £16,000 cannot is fucking stupid.
 

AGoodODST

Member
That is two hours of my life I'm never getting back.

Davidson: Generally alright. Prescription angle was stupid.

Sturgeon: Generallly good, most on point. Predictably suffered a bit by being dog piled at times.

Creepy Jim: can't answer a question, lied blatantly several times. Have a feeling the media will play him up

Rennie: irrelevant

That audience was atrocious as well.
 

Zutroy

Member
Ruth is normally the only Tory I like, but I thought she came across a bit too aggressive tonight. Willy was non-existant for the most part. Can't say there was much between the other two.
 

kitch9

Banned
You'd have to have the increased spending stimulate growth by so much that the taxation you got from the increased growth was greater than the amount you increased spending by, otherwise (by definition) the deficit isn't actually decreasing. This is very implausible. This isn't a problem I have specifically with Nicola/the SNP, by the way; I get annoyed when pretty much any left-wing politician doesn't just say "fuck it, the deficit can be repaid when everyone is in a state where they can do so. Right now, we're suffering", and tries to pretend the deficit is their main concern instead. Every time they keep the pretense up, the idea that the deficit is all important gets ever more ingrained in peoples' minds and just makes it harder for proper economic conduct to be carried out.

They are trying to avoid spooking the markets and creating an interest rate rise which would be a real shit sandwich at this point.

Implementing tax rises on top of interest rises will be very difficult.
 

Kathian

Banned
Absolute waste of time and effort. Bad questions, bad moderator, bad audience and zombies at the podiums.

Terrible moderator and format was the main issue. I mean look at the woman asking the very personal and specific NHS question, how was Ruth even suppose to answer that with facts?

Came alive at the end I feel. Willie Rennie was a bit desperate, Ruth was poor on policy, Murphy chose to more or less not answer a single question and Nicola probably got through the night - strong close from her though.
 
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Deleted member 231381

Unconfirmed Member
They are trying to avoid spooking the markets and creating an interest rate rise which would be a real shit sandwich at this point.

Markets don't give a shit, UK debt is safe as bricks.
 

kmag

Member
YouGov/Sun poll tonight – Labour lead by two: CON 33%, LAB 35%, LD 8%, UKIP 14%, GRN 5%

Again business as usual as Tories and Labour trade places within MOE.

Of course Lynton 'believes' that people won't start paying attention until after Easter. So the Tory Swingback won't appear until next week. Before Easter, it was the Budget, before that it was December and before that it was when the Economy turned. Keep cashing those cheques Lynton.
 

kitch9

Banned
Markets don't give a shit, UK debt is safe as bricks.

Glad you aren't in government. I'm guessing you weren't alive when we had double digit inflation and interest rates?

Not fun.

Having our own money printers will not get us out of every hole. The credit agencies were issuing warnings on UK bonds only a few years ago. We came close.
 

phisheep

NeoGAF's Chief Barrister
This "for millionaires" tagline is getting bloody irritating.

Cut taxes? It's a tax cut FOR MILLIONAIRES.

Removes prescription charges? It's free prescriptions FOR MILLIONAIRES.

Free bus passes? That's free transport FOR MILLIONAIRES ... oh wait, wasn't that a Labour thing ... it must be free transport FOR THE NEEDY OLD PEOPLE.
 
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Deleted member 231381

Unconfirmed Member
Glad you aren't in government. I'm guessing you weren't alive when we had double digit inflation and interest rates?

Not fun.

The last time that happened was under the Major administration when he tried to peg us to the ERM, and the time before that was under Thatcher when she tried using a constant base money monetary policy, and the time before that was because OPEC increased oil prices. It has had literally 0 to do with our bond yields on any of those three occasions.
 

kitch9

Banned
This "for millionaires" tagline is getting bloody irritating.

Cut taxes? It's a tax cut FOR MILLIONAIRES.

Removes prescription charges? It's free prescriptions FOR MILLIONAIRES.

Free bus passes? That's free transport FOR MILLIONAIRES ... oh wait, wasn't that a Labour thing ... it must be free transport FOR THE NEEDY OLD PEOPLE.

The coalition charged over 4% more than labour on average over the time they were both in power.

Has anyone asked the tards at Labour why they only decided to whack the tax up to punitive levels months before an election they knew they would lose?
 

kitch9

Banned
The last time that happened was under the Major administration when he tried to peg us to the ERM, and the time before that was under Thatcher when she tried using a constant base money monetary policy, and the time before that was because OPEC increased oil prices. It has had literally 0 to do with our bond yields on any of those three occasions.

Ok, boom and bust has been solved!

Again....
 
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Deleted member 231381

Unconfirmed Member
Ok, boom and bust has been solved!

Again....

Do you have any idea what you are even talking about? I am a graduate economist from the University of Oxford, having studied macroeconomics. One of my lecturers is Professor Simon Wren-Lewis. Another is Professor David Vines. Right now I am buried up to my neck in books with titles like Internal Consistency, Nominal Inertia and the Microfoundation of Macroeconomics. This obviously does not mean I'm right on any given topic, but it does mean that my views have been formulated as the result of a fairly rigorous and critical system. I make absolutely no pretense to be infallible and am therefore willing to discuss critical arguments at your leisure, but you don't have anything that stands up to more than most cursory of glances and seems to be established on the basis of what you learnt from the school of It's Common Sense, Innit and your graduation at What Some Bloke At The Pub Told Me.

My post says absolutely nothing about solving boom and bust. It is simply pointing out that the UK's bond rate has very low covariance with the amount of UK government debt issued - some, but not much. This isn't even a statement of theory. It is a statement of fact. It is relatively easy to examine by looking at bond data from the last five decades and growth in UK debt over the same time period. If you wish to make a serious argument on that grounds, please do so. I enjoy having these conversations with Cyclops because even when we disagree, his arguments always directly address mine and are always well-thought and well-formulated. The basic grounds for having an informative and discursive argument is that people actually respond to the points that others have made, and don't simply repeat preset phrases that provide absolutely no elucidation whatsoever. Your last comment falls squarely into the latter category, unfortunately.
 
Do you have any idea what you are even talking about? I am a graduate economist from the University of Oxford, having studied macroeconomics. One of my lecturers is Professor Simon Wren-Lewis. Another is Professor David Vines. Right now I am buried up to my neck in books with titles like Internal Consistency, Nominal Inertia and the Microfoundation of Macroeconomics. This obviously does not mean I'm right on any given topic, but it does mean that my views have been formulated as the result of a fairly rigorous and critical system. I make absolutely no pretense to be infallible and am therefore willing to discuss critical arguments at your leisure, but you don't have anything that stands up to more than most cursory of glances and seems to be established on the basis of what you learnt from the school of It's Common Sense, Innit and your graduation at What Some Bloke At The Pub Told Me.

What the fuck did you just fucking say about me, you little bitch?
 

Marc

Member
Glad you aren't in government. I'm guessing you weren't alive when we had double digit inflation and interest rates?

Not fun.

Having our own money printers will not get us out of every hole. The credit agencies were issuing warnings on UK bonds only a few years ago. We came close.

Yeah, the "markets" are peoples trust... people trust that we're not spend free nutters currently (like Greece). Things change and can go very badly, very quickly.

The main thing we have going for us in stopping that is having a financial hub of London in which so many countries and businesses are tied. That can be severed and moved away over time, some are already doing it and moving more to asia now.
 

Ding-Ding

Member
The coalition charged over 4% more than labour on average over the time they were both in power.

Has anyone asked the tards at Labour why they only decided to whack the tax up to punitive levels months before an election they knew they would lose?

I think everyone with a few braincells to rub together, knows that Labour hiked it up simply because they knew that the tories would have to lower it (estimates had about 10k millionaires leaving the country at the time of the 50p rate).

Its also the reason why Labour have admitted a new 50p rate will be temporary only, though no time frame for how long it will survive. Scuttlebutts around Westminster says it would be dumped sooner rather than later (apparently Balls has been telling business leaders and HMRC bods this to quell their fears). Everything points to this being just another election ploy

Also heard today that civil servants in communities & local government are looking into a rebanding of properties for this mansion tax, should labour get in. As always though, they expect that the rebanding will also raise alot of peoples council tax.
 

Kathian

Banned
Any thoughts from the smarter people about Labour's plans to scrap non-dom status?

Its an absolute blinder. Day after Blair is excellent timing. Will get on side some higher earners and the non tax payers will struggle to win anyone around.

Non-Doms have always been presented as some natural thing so am surprised its actually a tax allowance!
 

RedShift

Member
Any thoughts from the smarter people about Labour's plans to scrap non-dom status?

Duncan Bannatyne (one of the Bastards from Bastard's Den) is apparently so happy with the idea that he's going to vote Labour after all, despite signing that pro Tory letter in the Telegraph last week.
 

kitch9

Banned
Do you have any idea what you are even talking about? I am a graduate economist from the University of Oxford, having studied macroeconomics. One of my lecturers is Professor Simon Wren-Lewis. Another is Professor David Vines. Right now I am buried up to my neck in books with titles like Internal Consistency, Nominal Inertia and the Microfoundation of Macroeconomics. This obviously does not mean I'm right on any given topic, but it does mean that my views have been formulated as the result of a fairly rigorous and critical system. I make absolutely no pretense to be infallible and am therefore willing to discuss critical arguments at your leisure, but you don't have anything that stands up to more than most cursory of glances and seems to be established on the basis of what you learnt from the school of It's Common Sense, Innit and your graduation at What Some Bloke At The Pub Told Me.

My post says absolutely nothing about solving boom and bust. It is simply pointing out that the UK's bond rate has very low covariance with the amount of UK government debt issued - some, but not much. This isn't even a statement of theory. It is a statement of fact. It is relatively easy to examine by looking at bond data from the last five decades and growth in UK debt over the same time period. If you wish to make a serious argument on that grounds, please do so. I enjoy having these conversations with Cyclops because even when we disagree, his arguments always directly address mine and are always well-thought and well-formulated. The basic grounds for having an informative and discursive argument is that people actually respond to the points that others have made, and don't simply repeat preset phrases that provide absolutely no elucidation whatsoever. Your last comment falls squarely into the latter category, unfortunately.

You appear to be assuming that the status quo is infallible and nothing could possibly change in investors minds with regards to the UK because you have read some books.

Which is crazy.

The crash happened because economists persuaded the worlds governments nothing would change, except the one thing that they didn't think about did.

The recession before that happened because economists didn't see it until too late.

Same with the one before that.

And the one before that.

If economists were right about everything there wouldn't be economic problems. Ever. Some economists think spending will solve our problems, some don't.

The imf is flapping around like a fish when it makes statements and the opposite happens. The worlds best economists apparently.
 

kitch9

Banned
Duncan Bannatyne (one of the Bastards from Bastard's Den) is apparently so happy with the idea that he's going to vote Labour after all, despite signing that pro Tory letter in the Telegraph last week.

Go on let's hear why you think they are bastards.
 
Still zero idea who to vote for. Ideally, I'm looking for a party that will support

- Abolishing Student Loan Fees (future and retrospectively)
- Support funding for Sports and Activities for ALL ages & abilities, not just the young and/or disabled. I've seen a lot of sports venues lose funding over the last 4 years, which is ironic given the 'Olympic Legacy'...
- Support Self Employed Business
- Support the Computer Game Industry

I guess that's a pretty specific (selfish) list of requirements, but hey!
 
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