CyclopsRock
Member
I agree that they're pursuing the wrong strategy, but honestly it seems they're stuck between a rock and a hard place. The next 6 months is gonna be very exciting!
I think the idea behind the speech was supposed to be showing they are being honest with the electorate as to what still needs to be done, framing it as they are the party who are making the tough decisions versus the party who are not being honest with the scale of cuts or tax rises needed to eliminate the remainder of the deficit. It is a gamble, I've never seen such a brutal speech before a GE anyway!
Was telling though that Andrew Neil was interviewing someone from Labour directly after the speech and asked if they actually oppose any specific proposals in the speech and didn't really get an answer.
She showed some empathy for black folks wow, I wonder how long it took the programmers to get that subroutine written.
So, Piers Morgan has gone to work for the Mail.
Who does that make you hate more? Tough decision, eh?
So, Piers Morgan has gone to work for the Mail.
Who does that make you hate more? Tough decision, eh?
Do you have a source for that? I've literally never heard that before.
shockingly it does seem to be a thing...
http://www.theguardian.com/politics...-should-teach-mainly-in-imperial-measurements
doublefacepalm.gif
shockingly it does seem to be a thing...
http://www.theguardian.com/politics...-should-teach-mainly-in-imperial-measurements
doublefacepalm.gif
Completely ignoring the part about cracking down on tax avoidance? I know you can say believe it when we see it, but as a package makes perfect sense.
That was a barnstormer of a speech compared to Miliband's last week, like night and day. The big on the NHS got me though, and he is right. Labour's record on it is nothing to be proud of.
I still don't think this will be anywhere near enough and we will end up with Miliband as PM though.
Completely ignoring the part about cracking down on tax avoidance? I know you can say believe it when we see it, but as a package makes perfect sense.
That was a barnstormer of a speech compared to Miliband's last week, like night and day. The big on the NHS got me though, and he is right. Labour's record on it is nothing to be proud of.
I still don't think this will be anywhere near enough and we will end up with Miliband as PM though.
Completely ignoring the part about cracking down on tax avoidance? I know you can say believe it when we see it, but as a package makes perfect sense.
That was a barnstormer of a speech compared to Miliband's last week, like night and day. The big on the NHS got me though, and he is right. Labour's record on it is nothing to be proud of.
I still don't think this will be anywhere near enough and we will end up with Miliband as PM though.
I'll benefit! WOO!
£12.5k tax free allowance? In what way do the working poor not benefit?
4 years in the deficit has fallen from £160bn to £100bn. I wouldn't characterise that as "hardly a dent".
The rise in the 40% threshold is welcome news for families up and down the country. Police, teachers, nurses and other people we would hardly classify as rich are being dragged into the 40% rate as wages rise (and they are rising) and thresholds don't. There are 6m people who pay the 40% rate in the country out of 31m people in work, that is set to rise to 10m by the end of 2020 at the current threshold. This is not a tax that is paid exclusively by the rich, it is paid by normal people who are in need of some relief.
Isn't it better to let people keep more of their own money rather than take it off them and then give it back through a very, very expensive and bureaucratic means test? Why should people on the minimum wage pay income tax and then get a similar top up via the working tax credit to what they were taxed in the first place? It makes absolutely no sense. The next step would be to limit child tax credits to three children, more than that is a lifestyle choice and severely reduce housing benefit payments to people earning £20k+. Taxing the working poor and then giving it back to them makes no sense at all, it just supports a massive bureaucracy at HMRC and opens up the system to benefit fraud and abuse. Better to get companies to pay people more and have the government tax people less. Working tax credits are just another form of corporate subsidy so companies can get away with paying people less money than they can live on, I don't see why any leftist would support them and campaign against their abolishment.
I'll benefit! WOO!
The poorest would benefit more from a increase in NI allowance.
I just heard on Radio 4 that anyone earning between £10k-£100k per year will benefit. That's a pretty wide net imo.
It's about priorities. The Tory priority seems to be tax cuts to help the richest 50% more
https://pbs.twimg.com/media/By3JicgIQAAJBP3.jpg:large[ /IMG]
as per the IFS: 69% (£8.4 billion) of the £12.2 billion per year giveaway would go to working families in the top half of the income distribution...Just 15% (£1.9 billion) would go to working families in the lowest-income half of the population."
and for a party who've spent decades whittering on about other parties unfunded tax cuts, Gove emming and awwing when asked where the money for Dave's bonanza giveaway was pretty weak. Maybe the funding will be found when they borrow Labours magic money tree.[/QUOTE]
No. It's about winning the election. An NI cut this late in the day would be political suicide. If Labour are the party of the working poor then why haven't they sought to cut NI or increase the threshold? Because it is political suicide.
Agreed. However, the public perception is that NI pays for the NHS so any reduction in it would mean a cut to the NHS. It would be politically insane to cut NI or raise the NI threshold this close to an election. They could have done it a few years back and educated people that NI is just a tax like any other, but it is too late now. A threshold rise for income tax is the most politically effective way to ensure people keep more of their own money.
Circa 28m people out of 31m in work.
Got linked this at work today, thought it was hilarious:
https://www.youtube.com/watch?v=0YBumQHPAeU&feature=youtu.be
Got linked this at work today, thought it was hilarious:
https://www.youtube.com/watch?v=0YBumQHPAeU&feature=youtu.be
But yeah, piss poor speech full of give-aways to Toffs and Tycoons once again from Cameron. Not that anyone truly expected anything more from him.
Scrapping the Human Rights Act? I assume Cameron will start throwing bones to the social conservatives now, perhaps reintroduction of the firing squad and restrictions on abortion?
That is how you get the budget deficit down it seems. Now I generally agree with tax cuts. I agree with the principle that people should keep more of their money rather than give it to the government. But when we are apparently facing such a dire budget deficit that we have to slash the welfare budget to where it becomes nothing more than a token gesture (and it pretty much is already) then you have no moral justification for talking about tax cuts.
Today I learnt the way to deal with the budget deficit is to take 3 billion from the poorest in society. The ones that have to make a choice between "eating or heating". The ones that had absolutely nothing to do with the financial melt down because they were like 12 years of age when it happened.
Then you give the well off in society a 9 billion tax cut, the ones that have to choose between optional extras on a brand new Lexus the ones that caused the financial meltdown and continue to not feel a single effect of what they did.
That is how you get the budget deficit down it seems. Now I generally agree with tax cuts. I agree with the principle that people should keep more of their money rather than give it to the government. But when we are apparently facing such a dire budget deficit that we have to slash the welfare budget to where it becomes nothing more than a token gesture (and it pretty much is already) then you have no moral justification for talking about tax cuts.
Still as they say "Tories gonna Tory" and that Cassetteboy video was bang on the money.
Pensions are overwhelmingly the largest expenditure by the government.
Welfare is overwhelmingly the largest expenditure by the government.
So. Where are Labour's plans to address the same problem?
Or does the subject of the opposition's strategy for countries finances mysteriously disappear from this thread when it suits the majority of posters here?
Come on lefties, show me substance.
Fixed that for you.
We should try to be honest about what the largest part of welfare expenditure is.
Sure - but it what way is a pension paid by the state not welfare? It accounts for a lot, but less than half of all spending on welfare. In fact, it's sufficient that pensions actually aren't the largest government expenditure at all.
Labour are just as scummy as the Tories. If the truth be told NEITHER parties are that bothered about cutting the deficit. They just use the deficit as a tool to push their particular agenda. How the hell people can claim the Tories are seriously trying to tackle the deficit when they want to do 9 billion worth of tax cuts is beyond me but hey I am a "lefty" it seems.
Welfare is overwhelmingly the largest expenditure by the government.
And you can't ignore the impact that tax cuts have on other aspects of society - in the same way that people argue a higher minimum wage will increase consumption and thus prove a boon for business, so too do tax cuts for exactly the same reason; they leave people with more money in their pockets. The idea that tax cuts are just a nice treat that should be at the bottom of a pile of priorities ignores their wider effects, imo.
Basically, this is just the Conservatives going fuck the poor, here's more money for our rich pals. It has fuck all to do with the deficit or financial credibility. If you'd still consider voting them at this point, I'd question both your economic sensibilities and moral compass.
As everyone has already pointed out, pensions are the largest expenditure within welfare; the remaining fraction that goes towards the Jobseeker's Allowance or Child Benefits is a rather small item on the budget and even quite severe cuts to (for example) the Jobseeker's Allowance would have no real effect on balancing the budget.
As to your second point, though, tax cuts are for the most part a much less effective form of fiscal stimuli than government spending. People don't always spend the same proportion of their income regardless of what their income actually is - if I get £20,000 a year and spend £18,000 of it in that same year, that doesn't mean when I get to £100,000 I will now be spending £90,000 of it. The marginal propensity to consume goes down as people get wealthier - rich people spend less per amount they earn. Cutting taxes on poor people is, obviously, quite difficult because frankly they're not actually taxed that much as they don't have anything to tax, and it's difficult to make big cuts to what small taxes do exist. That means big budget taxation cuts usually occur to the wealthy, and that means they're a much less effective form of stimuli than a spending increase of the same amount as the tax cut. Why? Because more of that money ends up being stored away in banks accounts than being spent.
This is particularly true of Osborne's plans with regards to cutting back taxes on pensions, which are by definition savings that won't be spent for a long time down the road and are not at all relevant to the current economic situation, and cutting benefits for those in work, as it's very difficult to still keep substantial benefits in such a situation (as the Conservatives have pointed out with IDS' constant banging on about the welfare trap) and so if you get them, you probably are using them to meet your needs now.
Basically, this is just the Conservatives going fuck the poor, here's more money for our rich pals. It has fuck all to do with the deficit or financial credibility. If you'd still consider voting them at this point, I'd question both your economic sensibilities and moral compass.
So who would you consider voting for otherwise? Labour?
How's their economic sensibilities?
Or their moral compass?
Let's not forget who was in government between 1997 and 2010, who sent this country to an illegitimate war and was governing financial policy that has resulted in the cuts everyone is facing today.
Outstanding level of hypocrisy there. Congrats.
buying votes by trapping people in welfare
"Fraction" is a little bit ungenerous. According to the Guardian diagram above, pensions are just over (not under as I preciously said) half. So yeah, I suppose the rest of it is a fraction, in the same way everything is technically a fraction.
As for the tax, you're right that people don't spend the same proportion but I think you're being a bit unreasonable by saying "their rich pals" as if they're selling the crown jewels to their neighbours; Who are you referring to when you say that? Because as has been stated in this thread, everyone between £10k and £100k a year will benefit. £10k certainly isn't rich, and whilst £100k is certainly well off it isn't Tory-donor-waiting-for-the-house-of-Lords style money, especially as an income (as opposed to, say, someone earning that much through capital gains, which suggests enormous assets). Maybe my perception is just skewed by being from/living in London, where the idea of someone on £35k simply squireling away money because they've run out of things to spend it on a bit ludicrous.
And it's a bit odd you mention "moral compass" amidst all the macroeconomic theory as if that's the main measure of compassion - you talk about pensions purely in terms of their impact on consumption now, whilst ignoring the benefits to the recipients of said pension tax breaks when they come to get their pension as if it doesn't matter. Likewise with the increase in the tax free allowance, which will help improve the lives of people who, sure, might not be living on the poverty line, but surely it's impossible to argue that unless you're on the poverty line then quality of life increases don't matter? It just seems a bit weird that you align your moral compass with tax policy.
An utter drek level reply, Crab.
Seeing how Labour oversaw Mid Staffs, Rotherham, buying votes by trapping people in welfare, two wars, having no answer for the economy etc etc I would argue anyone thinking about voting Labour needs their moral compass and mental health checked, crab.
So drek you don't actually have a response, in fact.