Lots of media talk backed by Institute Fiscal Studies that a 20% vat is coming

[cuthbert]

With all this talk of "unelected Prime Ministers", I think it would be very dangerous to insist that when the Prime Minister changes there is an election within 6 months. In my lifetime Anthony Eden, Harold Macmillan and Harold Wilson resigned due to ill health, I think it may have been more difficult for them to resign if an election would have followed. I don't want an unwell man or woman to feel under pressure to continue as Prime Minister. It is also interesting that in The USA when both the Vice President and President left office an "Unelected President" served the remainder of the term, Spiro Agnew, Richard Nixon and Gerald Ford respectively.

 

[simmo]

But you've got to admit she was an evil witch though wasn't she

To quote Adam Boulton again 'don't put words into my mouth or tell me what I'm thinking'.

 

[BLOCK F]

This really is nonsense. It was well known by nearly everyone that all parties did not rule out the option to raise VAT to 20%, Labour, Conservatives or Liberal Democrat whomever won. It was an open secret and pretty obvious it was going to happen and it was a subject never brought up in any of the debates, because they pretty much all agreed that it HAD to happen.

Do you not realise that we as a country have to do something with the £166BN debt left after Labour's 13 years in charge. This is going to mean tax rises AND cuts and it is going to be very painful.

Absolutely spot on.
My God,I never cease to be amazed by the sheer ignorance displayed on this board by some of our fellow Seagull Supporters!I am sure some of them blame the Tories when they wet the bed or poo their pants!

 

[Dandyman]

i really dont get the problem, ...
or put another way, would you rather keep VAT at 17.5% or keep income tax allowance at current rate.

I would rather top earners (£50,000 plus incomes) were taxed more, that second homes, bonuses, company cars, etc were taxed more, that tax avoidance & evasion were clamped down on, non-doms forced to cough up and that the burden of capitalism's periodic crises fell somewhere else than on ordinary modestly paid citizens.

 

[The Oldman]

as i said it was a quick post and I didn't check the data you added just the comment about thatcher. To quote Adam Boulton 'don't put words into my mouth or tell me what I'm thinking'.

It may suit your view to assume I blame thatcher alone as it allows you to quote the default position. i actually said (and stand by) that the policies of all governments since the early 70's had a significant hand in the issues we now face.

But you've got to admit she was an evil witch though wasn't she

I met Mrs T and found her quite charming when I told her that turning the NHS into a market place was wrong but it did have to be better managed and not from the centre. Alas Ken Clarke came along and the rest is history.

 

[beorhthelm]

I would rather top earners (£50,000 plus incomes) were taxed more,...

last time i checked, over £50k is taxed more (obviously not enough for the envy politics warriors though, but nothing would be).

 

[cuthbert]

Absolutely spot on.
My God,I never cease to be amazed by the sheer ignorance displayed on this board by some of our fellow Seagull Supporters!I am sure some of them blame the Tories when they wet the bed or poo their pants!

The rest blame Gordon Brown

 

[The Large One]

I am sure some of them blame the Tories when they wet the bed or poo their pants!

Are you? Are you really sure?

Blimey.

 

[Dave the OAP]

I would rather top earners (£50,000 plus incomes) were taxed more, that second homes, bonuses, company cars, etc were taxed more, that tax avoidance & evasion were clamped down on, non-doms forced to cough up and that the burden of capitalism's periodic crises fell somewhere else than on ordinary modestly paid citizens.

none of that commie talk on here.

i agree 100% btw

 

[BLOCK F]

Are you? Are you really sure?

Blimey.

Pretty sure,yes!!

 

[BLOCK F]

The rest blame Gordon Brown

With rather more logic as he has either been Chancellor or PM for the last 13 years.It could have something to do with it!

 

[34064 Fighter Command]

Well I blame Jeremy Clarkson for the demise of Rover - he kept telling people on Top Gear that they shouldn't buy them but get BMW's and Audi's instead.

 

[The Antikythera Mechanism]

I would rather top earners (£50,000 plus incomes) were taxed more, that second homes, bonuses, company cars, etc were taxed more, that tax avoidance & evasion were clamped down on, non-doms forced to cough up and that the burden of capitalism's periodic crises fell somewhere else than on ordinary modestly paid citizens.

How can someone earning £50k a year be classified as a top earner? I run a specialist construction company and probably 25% of our operatives earn in excess of £50k pa. They do this by working a combination of long hours / nightwork / weekend working and deserve every penny they get. In addition we pay performance bonuses to these guys to reward their efforts, and 80% of our workforce has been with us for over 10 years.

What incentive is there in this country to work bloody hard, when others resent the fact that you earn more than they do and think that you deserve to be taxed to the hilt for it?

 

[Hunting 784561]

How can someone earning £50k a year be classified as a top earner? I run a specialist construction company and probably 25% of our operatives earn in excess of £50k pa. They do this by working a combination of long hours / nightwork / weekend working and deserve every penny they get. In addition we pay performance bonuses to these guys to reward their efforts, and 80% of our workforce has been with us for over 10 years.

What incentive is there in this country to work bloody hard, when others resent the fact that you earn more than they do and think that you deserve to be taxed to the hilt for it?

Beacuse a lot of the snipers are public sector workers on £25-30k a year.

It's the green eyed monster.

 

[jezzer]

How can someone earning £50k a year be classified as a top earner? I run a specialist construction company and probably 25% of our operatives earn in excess of £50k pa. They do this by working a combination of long hours / nightwork / weekend working and deserve every penny they get. In addition we pay performance bonuses to these guys to reward their efforts, and 80% of our workforce has been with us for over 10 years.

What incentive is there in this country to work bloody hard, when others resent the fact that you earn more than they do and think that you deserve to be taxed to the hilt for it?

Well said, and moving towards a 50% tax rate on anyones money is bad enough, when you consider that half is gonna go before it sets foot in your bank account, where`s the incentive to earn more? Especially as the 50% left over will also be taxed indirectly. Low taxes encourages the receiver to spend and invest which is what the country wants. Dont see what the 1st post is complaining about though, 20% vat on the cards for months and is one of the less debilitating taxes they can put up, would have been the same whoevers in power.

 

[Dandyman]

last time i checked, over £50k is taxed more (obviously not enough for the envy politics warriors though, but nothing would be).

Envy Politics ? How very Monday Club.

a) How do you know how much I earn ? and b) why do you expect low earners to pay for crisis not of their making ?

 

[Dandyman]

Beacuse a lot of the snipers are public sector workers on £25-30k a year.

It's the green eyed monster.

I earn a lot than more than 30K and don't resent paying taxes.

 

[Dandyman]

none of that commie talk on here.

i agree 100% btw

 

[Hunting 784561]

I earn a lot than more than 30K and don't resent paying taxes.

Good for you. Well done.

 

[Westdene Seagull]

b) why do you expect low earners to pay for crisis not of their making ?

For the very same reason that those on £50k have to pay for the crisis despite it not being of their making.