Are we heading towards a financial disaster just like the USA? When are big business and the rich going to pay their fair share?
2007-10-09 10:47:52 · 8 answers · asked by Anonymous in Politics & Government ➔ Politics
Perhaps I got the wording wrong wrt the USA - it's more of a social disaster about inequality, the poor get poorer and the rich get richer. Don't tell me that's a good thing because it ain't.
2007-10-09 11:51:27 · update #1
Labour 'borrowing' (or should that be 'raiding') is what lost a lot of people in this country their hard-earned pensions. I'm no economist but I know that when you have to borrow it's not nearly as good as when you don't. Who foots the bill? The people earning an honest wage.
2007-10-09 11:55:23 · update #2
America does not have full employment. I suppose all those blacks and Hispanics just don't count for anything do they?
2007-10-09 21:02:15 · update #3
This labour government has decided to grab some of the thunder of David Cameron and I am concerned that they will be reducing taxation( IHT) whilst anticipating a slowdown in the economy and an inevitable reduction in fiscal income.
I have an awful feeling that we shall feel the pinch over the next couple of years with Darling looking to increase income tax/national insurance to balance his books. I have to admit the move to increase the IHT threshold is an excellent idea.
2007-10-09 12:00:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Darling, it is big business and the rich that invest in business and new businesses that create jobs and wealth.
You probably are just too young to remember, but we had a major problem in the UK a few decades ago. It was called The Brain Drain. Big business and the entrepreneurs were taxed at 90p in the pound. Yes, they kept 10p and gave 90p to the government. So they left in droves, and started their new businesses and invested in other countries. So this country lost not only the tax income but the jobs these people created overseas.
That's why the top rate of tax is now 40p and not 90p in the pound. Even labour who are socialists, who believe in taxing the rich, have not changed it. They know that if they took more from them, they would take their wealth and tax payments to another country.
Jobs and wealth come from the rich investing. Just look at what happened in China, 15 years ago they had abject poverty and could not grow enough rice to feed themselves. Then the government said, ok, if you produce more you can keep some of it and sell it in markets. they never looked back.
As an example, all our big rock stars went to live in the USA, and paid them 20% of their income in tax. We were taking 90%, but lost it when they moved overseas. We would have been a lot better off if they stayed here and gave us 20%, because that is 20% more then the nothing we got after they left. Got it now? They all came back when the Tories reduced the top rate of tax to 40% Maggie was right.
Your attitude is communist. Have you not yet realised that communism has failed world wide. All communist countries suffered the worst possible poverty. Taking from the rich is what destroys countries and their economies. OK kid, but I guess when you are no longer a student and live in the real world you will grow out of that socialist hype
2007-10-09 11:00:11 · answer #2 · answered by Anonymous · 0⤊ 2⤋
Financial disaster just like the USA? What gives you the impression we are in financial disaster?
If "full" employment,
low energy costs,
highest per capita income,
largest GDP,
record high markets and so on means we are in a financial disaster then I don't mind being in a financial disaster.
We do have some issues like our sub prime markets and trade deficits but trust me I would rather have those problems than the problems other countries have!
Full employment is between 3% and 5% currently the US unemployment numbers sit at 4.7%. Sorry the facts show we are a full employment!
2007-10-09 11:13:18 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Anyone who thinks a country can run without borrowing has to be naive. Its not just labour that borrows everyone does its how the world works. If the poxy cons were in we would be moaning about them doing it. The conservatives are a non party. They have non polices publicised by faceless morons who wouldnt know a days work if it smacked them in the chops.
2007-10-09 11:38:12 · answer #4 · answered by Ryan H 1 · 1⤊ 1⤋
..and we all remember the total fiasco of the Conservatives "Boom & Bust" when company`s went bust, and the tories said to them: "Nothing to do with us" it`s bad management.
Labour pulled this country out the sh1t it was in after that b1tch Thatcher was FIRED and as you love to say a "NONE" elected leader was hammered at the elections (John Useless Major).
Remember John Major was also "NOT" an elected leader as you love to point out about Gordon Brown.
2007-10-10 07:56:31 · answer #5 · answered by Anonymous · 0⤊ 0⤋
As soon as the government tell us that hard times or difficult times are ahead, we know who Willl find them hard and difficult and who will not. Who wil pay for the shambles this government has created and who willl not. So fellow subjects and citizens tighten your belts you wil be lucky to find the cash to feed yourselves
2007-10-09 10:54:55 · answer #6 · answered by Scouse 7 · 0⤊ 0⤋
No different to when the Tories when they was in power during the 80's..........let's be honest here, they are there to bullsh1t us and make a name and a dollar for themselves!
Never trust a Politician, Lawyer or Accountant........they are a law to themselves and the criminals in of their own profession! FACT!
2007-10-09 10:54:30 · answer #7 · answered by Anonymous · 1⤊ 1⤋
they steal the tories polices and have been borrowing billions for years , they have become the worst gov; for years , i do not know why the english , scots , welsh voted them in for a third time
2007-10-09 10:50:25 · answer #8 · answered by Anonymous · 3⤊ 0⤋