| Topic: | Re:Re:Re:Re:Re:Re:Re:Re:West Middx Hospital Parking | |
| Posted by: | Lorne Gifford | |
| Date/Time: | 07/06/18 17:09:00 |
| Hi Chris I think we're talking about very similar things from a similar point of view. but using different analogies and text that is confusing each other. NI increases are not OK, they're just a way of promising 'we won't increase income tax rates' and then increasing the other income, but not called income, tax we all pay; NI. Don't remember who introduced the idea, but believe it might have been the scotsman who also sold all our gold reserves because he'd stopped boom and bust cycles. Mansion tax is an example of a proposal for a new tax that would be paid by a few, but was supported my the vast majority. It was planned as 1% of house value per year, hence £30k a year for a reasonably nice house. House value would of course have instantly crashed to just below the mansion tax level, so no revenue would have been raised. On overall tax take you need to consider all forms of tax income. Stamp-duty and various other taxes make a heck of a difference to the revenue take. Average time between buying and selling a home I believe is in the region of 5 to 8 years, so stamp duty is something people pay time and again, with perhaps 20% of home owners paying it in any one year. Slower growth due to uncertainty and unwillingness to invest, plus the fist signs of quantitative easing inflation showing up. Agree deficit is being closed, if I were a synic I'd suggest that many Conservative governments spent their term in office sorting out the economic imprudence of the previous Labour one, which leads to the Labour opposition shouting about cutting this that and the other, getting voted back in and then spending money they don't have again. |