[Politics] Labour has suspended former leader Jeremy Corbyn

[Triggaaar]

This is an area which needs to be explored more thoroughly.
Not just dismissed as being inevitable.

If companies make revenue in a country, they need to be taxed on the profits generated within that country.

I completely agree. The tories don't seem interested so Labour should be looking at all possible methods to charge companies like Amazon, Google, and the coffee shops, for the income made here. But there are other companies like car manufacturers, and smaller entrepreneurial companies that would rather setup elsewhere if we tax too highly.

The idea that these companies won't want to participate in our market, because they would have to pay tax on the money they make, is far-fetched.

For Google and Amazon, yes, but it would affect a lot of other companies.

 

[Triggaaar]

Indeed
Many of those who graduate to the traditionally successful careers will find themselves with significant student debt, which will impact their ability to purchase property.

You don't have to pay back much of student debt unless you're earnings are quite high, so it really shouldn't have much impact on purchasing property.

 

[jackalbion]

What? Where did I say that wanting those things was socialism? I said Corbyn was a socialist and that I don't think we'll be a majority socialist country. I didn't make any reference to the things you mention.

But those are the things that I remember Corbyn having policy on, the implication that he is a socialist by principle but not by potential action is what I believed.

 

[Uh_huh_him]

You don't have to pay back much of student debt unless you're earnings are quite high, so it really shouldn't have much impact on purchasing property.

I would assume it would be taken off the maximum amount you can borrow though?
No?
The issue most youngster's have is earning enough to get a mortgage, not paying it back.

 

[Triggaaar]

I am the exact opposite. I also know plenty of “older” people who are left wing and more socially minded.

So the young voters are left wing, the older people are left wing, yet the country voted in Boris.

Perhaps you just know more people who share your views, or the ones who don't, prefer not to argue about it.

 

[jackalbion]

You don't have to pay back much of student debt unless you're earnings are quite high, so it really shouldn't have much impact on purchasing property.

No it doesn't but with House prices in the south east, there is no way on my graduate job I could afford to purchase property while renting.

 

[The Clamp]

You don't have to pay back much of student debt unless you're earnings are quite high, so it really shouldn't have much impact on purchasing property.

Does it not affect your credit rating, being in debt? In turn affecting one’s ability to get a mortgage (loan). I think that’s what the other poster meant?

 

[jackalbion]

Does it not affect your credit rating, being in debt? In turn affecting one’s ability to get a mortgage (loan). I think that’s what the other poster meant?

No it doesn't I finally got to the threshold to pay back last year, I barely noticed it, to be fair. I don't agree with the charging of education in this way, but I haven't really noticed it as a big difference.

 

[Triggaaar]

I would assume it would be taken off the maximum amount you can borrow though?
No?

No. It gets written off at a certain age. The amount you pay back each month will be taken off of your affordability calculations, but it's really quite a small amount. I think the majority of student loans will never be fully repaid, but the interest on them is unfair, so those that do manage to earn big sums will subsidise everyone else, by paying theirs off.

 

[BBassic]

Does it not affect your credit rating, being in debt? In turn affecting one’s ability to get a mortgage (loan). I think that’s what the other poster meant?

It's included as well in your 'outgoings' when you apply for the mortgage.

Or it was when I first applied. Luckily I'm thick and didn't go to Uni so it didn't impact my application

 

[Triggaaar]

But those are the things that I remember Corbyn having policy on, the implication that he is a socialist by principle but not by potential action is what I believed.

Well Corbyn is to the left of the Labour party and describes himself as a socialist, so I'm ok to go with it

 

[Triggaaar]

No it doesn't but with House prices in the south east, there is no way on my graduate job I could afford to purchase property while renting.

Sure, but presumably not because of your student loan?

 

[Uh_huh_him]

I completely agree. The tories don't seem interested so Labour should be looking at all possible methods to charge companies like Amazon, Google, and the coffee shops, for the income made here. But there are other companies like car manufacturers, and smaller entrepreneurial companies that would rather setup elsewhere if we tax too highly.


For Google and Amazon, yes, but it would affect a lot of other companies.

Companies will set up here if they think that they can be successful.
Taxation on profits is not a reason to not set up here.

Car manufacturing has been disappearing from these shores for decades.
This isn't due to tax on profits.

 

[Triggaaar]

Does it not affect your credit rating, being in debt? In turn affecting one’s ability to get a mortgage (loan). I think that’s what the other poster meant?

I don't think so, I think it's treated differently, but maybe Uncle S can say exactly how it affects applications

 

[BBassic]

So the young voters are left wing, the older people are left wing, yet the country voted in Boris.

Perhaps you just know more people who share your views, or the ones who don't, prefer not to argue about it.

Weeeeell strictly speaking people voted for their local MP.

 

[jackalbion]

Sure, but presumably not because of your student loan?

No the student loan doesn't come into it, its just the affordability.

 

[Triggaaar]

Companies will set up here if they think that they can be successful.
Taxation on profits is not a reason to not set up here.

It would be if the taxation was substantially increased. It's a global market for a lot of companies, so they have plenty of choice when it comes to where to base themsekves.

Car manufacturing has been disappearing from these shores for decades.
This isn't due to tax on profits.

Obviously labour costs have an impact too, but those car manufacturing companies would make tax deals with our governments in order to stay

 

[Triggaaar]

Weeeeell strictly speaking people voted for their local MP.

So people voted for Tory MPs rather than Labour MPs. Not really an example of both young and old all being left wing.

 

[BBassic]

So people voted for Tory MPs rather than Labour MPs. Not really an example of both young and old all being left wing.

No of course. I was largely being a pedant

 

[Weststander]

Did you see the Al Jazeera documentary? Can you specify what was biased or innacurate about it?

What did you make of the findings of the universally admired EHRC?