Cameron's 3 good reasons for tax cuts

[Deleted User][Deleted User] Posts: 3,180
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"A low tax eonomy is a successful economy. When we cut taxes we reward work, we reward enterprise, we reward effort, we make our economy more competitive, so there's an economic case."

Under your government more people have to rely on in work benefits just to get by... Is that what you call rewarding work, enterprise and effort? The UK has seen the biggest fall in wages among the G7 countries so it's just a bit ironic that you are standing infront of a banner that says A Britain That Rewards Work. How about making the minimum wage a living wage so people don't have to rely on in work benefits?

UK Real Wages Down 6.1% In Biggest Fall Of G7 Nations (GRAPH)

http://www.huffingtonpost.co.uk/2014/01/31/britons-wages-g7-recession_n_4701311.html

"There's also a moral case. We should start from the proposition that it is people's money not the governments money, so we should leave them with as much of their own money to spend as we can, rather than frittering it away on wasteful government projects."

The NHS is under threat of increasing privatisation, services that will impact on the most vulnerable in society are going to be axed and there's even suggestions of running academies for profit under another Tory government... are these the kind of wasteful government projects you mean? And why did you waste bilions on a massive NHS reorganisation that people seem to agree was a bad idea... except those with vested interests who will see more money going into their pockets.

"But even more than that I believe there's a pratical case, and I am a practical common sense down to earth conservative, and it's this - many people in our country want that greater financial security that we offer, so what we should be aiming to do as well as getting them a job is helping to leave them with more of their own money so that they can afford the things they want and a better life and the greater security that they need."

Common sense and down to earth?... what a whopper! I guess that's because you don't want people to see how ideological and out of touch you really are. If it is financial security and not financial insecurity that you promote you should confirm that those most in need won't become worse off when the in work benefits your government has forced people to rely on are cut in the next wave of scrounger rhetoric. I wouldn't count on that sort of honesty from a Tory PM though so keep on spouting drivel.

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  • Sweaty Job RotSweaty Job Rot Posts: 2,031
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    Under your government more people have to rely on in work benefits just to get by... Is that what you call rewarding work, enterprise and effort? The UK has seen the biggest fall in wages among the G7 countries so it's just a bit ironic that you are standing infront of a banner that says A Britain That Rewards Work. How about making the minimum wage a living wage so people don't have to rely on in work benefits?

    UK Real Wages Down 6.1% In Biggest Fall Of G7 Nations (GRAPH)

    http://www.huffingtonpost.co.uk/2014/01/31/britons-wages-g7-recession_n_4701311.html




    The NHS is under threat of increasing privatisation, services that will impact on the most vulnerable in society are going to be axed and there's even suggestions of running academies for profit under another Tory government... are these the kind of wasteful government projects you mean? And why did you waste bilions on a massive NHS reorganisation that people seem to agree was a bad idea... except those with vested interests who will see more money going into their pockets.




    Common sense and down to earth?... what a whopper! I guess that's because you don't want people to see how ideological and out of touch you really are. If it is financial security and not financial insecurity that you promote you should confirm that those most in need won't become worse off when the in work benefits your government has forced people to rely on are cut in the next wave of scrounger rhetoric. I wouldn't count on that sort of honesty from a Tory PM though so keep on spouting drivel.

    Under the Green Party everyone will be on £71 a week benefits and the need for week will be reduced, hate to say it but at least Cameron is aware of the issues facing the UK unlike that Aussie idiot who would destroy the fabric of British society.
  • [Deleted User][Deleted User] Posts: 3,180
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    Raising the tax threshold is a very ineffective way of offering financial security. They should just be honest and say they don't believe in targetting resources where they are most needed, as that is what it boils down to.

    An analysis of the effects of raising the tax threshold last time found that:
    • the measure would do*nothing to help the very poorest,*who don’t have income large enough to pay tax;

    •*only around £1 billion of the £17 billion cost*(6 per cent) actually goes toward the stated aim of lifting low-income households out of tax;

    • households in the second richest decile would gain on average*four times the amount than those in the poorest decile; and

    • the policy would*increase socially damaging inequalities*between the bottom and middle.

    http://leftfootforward.org/2010/03/lib-dem-tax-policy-fails-the-fairness-test/
  • TheTruth1983TheTruth1983 Posts: 13,462
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    Raising the tax threshold is a very ineffective way of offering financial security. They should just be honest and say they don't believe in targetting resources where they are most needed, as that is what it boils down to.

    An analysis of the effects of raising the tax threshold last time found that:



    http://leftfootforward.org/2010/03/lib-dem-tax-policy-fails-the-fairness-test/

    And taxing people on NMW then giving it back at administrative cost is what? A paragon of effectiveness?

    That said raising the tax threshold isn't enough, not when we have that other tax, national insurance.
  • worzilworzil Posts: 4,590
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    By low tax economy does he mean like Google Amazon Betfred and many others.
    Maybe if we collected the taxes from those who find ways to avoid them we would have more to spent on the NHS and other thing that are neglected .
    All money spent in Britain should go through an office in Britain and records should be kept for tax purposes.
  • GreatGodPanGreatGodPan Posts: 53,186
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    Under the Green Party everyone will be on £71 a week benefits and the need for week will be reduced, hate to say it but at least Cameron is aware of the issues facing the UK unlike that Aussie idiot who would destroy the fabric of British society.

    Good. As the fabric of British society is based on inequality of opportunity roll on the day.....

    (Although, I don't think the Greens are as good as that!).
  • [Deleted User][Deleted User] Posts: 3,180
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    And taxing people on NMW then giving it back at administrative cost is what? A paragon of effectiveness?

    That said raising the tax threshold isn't enough, not when we have that other tax, national insurance.

    Raising the minimum wage to a living wage would be a step in the right direction I think.
  • Ethel_FredEthel_Fred Posts: 34,127
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    Low taxation does not equal successful economy nor does high taxation equal failed economy.

    More Dave bollocks
  • TheTruth1983TheTruth1983 Posts: 13,462
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    Raising the minimum wage to a living wage would be a step in the right direction I think.

    And any gain from that will be wiped out through price increases not to mention the risk to jobs in smaller businesses.

    Take a person on NMW out of tax AND national insurance and they earn a post tax living wage without affecting small businesses negatively so that is a better all round option.
  • TheTruth1983TheTruth1983 Posts: 13,462
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    Ethel_Fred wrote: »
    Low taxation does not equal successful economy nor does high taxation equal failed economy.

    More Dave bollocks

    Any credible evidence shows that high taxation leads to an unproductive economy and thus stifles growth.
  • GTR DavoGTR Davo Posts: 4,573
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    The slaves, I means subjects of Britain must be taxed more, its the only way to keep the rich rich and the poor even poorer.
  • jcafcwjcafcw Posts: 11,282
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    Cameron's real reason for cutting taxes:

    1) It buys votes in the short-term regardless of long-term damage to the economy.

    2) It buys votes in the short-term regardless of long-term damage to the economy.

    3) It buys votes in the short-term regardless of long-term damage to the economy.
  • GreatGodPanGreatGodPan Posts: 53,186
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    And any gain from that will be wiped out through price increases not to mention the risk to jobs in smaller businesses.

    Take a person on NMW out of tax AND national insurance and they earn a post tax living wage without affecting small businesses negatively so that is a better all round option.

    We had all that scaremongering from the Right and employers organisations before the NMW was introduced.

    It didn't happen then - why should it now?

    It can be argued that any business who can't pay their employees a minimum of the LW shouldn't be in business.
  • David TeeDavid Tee Posts: 22,833
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    We had all that scaremongering from the Right and employers organisations before the NMW was introduced.

    It didn't happen then - why should it now?

    It can be argued that any business who can't pay their employees a minimum of the LW shouldn't be in business.

    Yup, it did. It just took a while for it to come through.
  • CLL DodgeCLL Dodge Posts: 115,850
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    Anyone would think there's an election coming.
  • David TeeDavid Tee Posts: 22,833
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    CLL Dodge wrote: »
    Anyone would think there's an election coming.

    :D ...and we haven't even got round to the manifestos. Two a bit more months to go...
  • Phil 2804Phil 2804 Posts: 21,846
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    And any gain from that will be wiped out through price increases not to mention the risk to jobs in smaller businesses.

    Take a person on NMW out of tax AND national insurance and they earn a post tax living wage without affecting small businesses negatively so that is a better all round option.

    That was the argument used against the introduction of the NMW when it was set at £3.60 an hour, at the time job advertisements offering as little as £2 an hour were common. Along with "people on average incomes will expect their wages to increase in proportion to the NMW. None of the predicted outcomes actually happened, in fact average incomes have collapsed relative to the NMW.

    The IFS calculated that raising the NMW by £1 an hour would save £3 billion a year in welfare payments even accounting for possible impacts on unemployment.
  • David TeeDavid Tee Posts: 22,833
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    Phil 2804 wrote: »
    That was the argument used against the introduction of the NMW when it was set at £3.60 an hour, at the time job advertisements offering as little as £2 an hour were common. Along with "people on average incomes will expect their wages to increase in proportion to the NMW. None of the predicted outcomes actually happened, in fact average incomes have collapsed relative to the NMW.

    The IFS calculated that raising the NMW by £1 an hour would save £3 billion a year in welfare payments even accounting for possible impacts on unemployment.

    Again, wrong. Prices rose faster over time than they otherwise would.

    Example:
    The prices of several minimum wage sectors, notably domestic services, hotel services, canteen meals and take-away food all rose by a significantly greater rate – in the order of 0.5 to two percentage points a year - than the prices of other goods in the period after the minimum wage was introduced. "

    The idea that businesses just swallow an increase in wages without attempting to find a way to pay for it is ridiculous.
  • [Deleted User][Deleted User] Posts: 3,772
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    Any credible evidence shows that high taxation leads to an unproductive economy and thus stifles growth.

    That sounds parrotted from certain Austrians
  • blueisthecolourblueisthecolour Posts: 20,127
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    According to Dave:

    Spending money on public services like the NHS and education - irresponsible whilst the country has such a large deficit.

    Spending money on tax cuts for middle class - fine.
  • [Deleted User][Deleted User] Posts: 3,180
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    David Tee wrote: »
    Again, wrong. Prices rose faster over time than they otherwise would.

    Example:


    The idea that businesses just swallow an increase in wages without attempting to find a way to pay for it is ridiculous.

    There's a lot that's ridiculous about our economy and it probably won't change until we do something to reverse the monumental greed that has built up. It doesn't make sense to keep on compromising on fairness and diminishing workers rights but we all know that is the Tories aim.
  • Ethel_FredEthel_Fred Posts: 34,127
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    That sounds parrotted from certain Austrians

    Hitler or Nikki Lauda?
  • Ethel_FredEthel_Fred Posts: 34,127
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    Any credible evidence shows that high taxation leads to an unproductive economy and thus stifles growth.

    No it doesn't - taxation is one of many factors that determine whether a country is successful or not. The US for example had high marginal tax rates during the 1950s and 1960s when it was at it's most successful.
  • koantemplationkoantemplation Posts: 101,293
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    When will the poor realise that not paying tax is a bad thing and that they'll end up paying more in the long run?
  • [Deleted User][Deleted User] Posts: 3,772
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    Ethel_Fred wrote: »
    Hitler or Nikki Lauda?

    Milton "corporate shill" Friedman and his cronies
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