Coronavirus Thread (Off Topic, Politics) (13 Viewers)

[David O'Day]

VAT? That can’t be true. VAT is down to the nasty EU. OUT MEANS OUT!

They'd be absolutely mental to do that.

Johnson is promising no return to austerity and that would yank the economy further

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[Sky Blue Pete]

What's wrong with them raising tax to pay for it?

It’s probably the continued pay freeze for public sector workers including our nurses

 

[Ian1779]

What's wrong with them raising tax to pay for it?

Depends where you raise it. Are the more likely to raise the income tax rate for those earning >80K or those earning at the lowest levels?

 

[Brighton Sky Blue]

What's wrong with them raising tax to pay for it?

Not much. But kicking the public sector for another few years after it, particularly health and education, have had to work overtime in this timeframe, would be quite unfortunate.

Millennials left school during the 2008 recession, Gen Z will do it during a Covid recession. Both will be told they are entitled for complaining about the consequences of that

 

[David O'Day]

What's wrong with them raising tax to pay for it?

Because raising tax in a downturn decreases demand which makes the recession worse



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[David O'Day]

Not much. But kicking the public sector for another few years after it, particularly health and education, have had to work overtime in this timeframe, would be quite unfortunate.

Millennials left school during the 2008 recession, Gen Z will do it during a Covid recession. Both will be told they are entitled for complaining about the consequences of that

There's loads wrong with it.

Decreasing demand with decreases the tax take for 1

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[Brighton Sky Blue]

There's loads wrong with it.

Decreasing demand with decreases the tax take for 1

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Well the bill is hundreds of billions which needs to be covered somehow. The question is who do you ask to pay more towards it

 

[SkyBlueDom26]

Hopefully today marks the beginning of our road to recovery..... slightly worrying seeing the leaked documents on how were going to have to pay for this in the years to come

 

[Brighton Sky Blue]

Hopefully today marks the beginning of our road to recovery..... slightly worrying seeing the leaked documents on how were going to have to pay for this in the years to come

Seems like the penny is finally dropping

 

[SkyBlueDom26]

Seems like the penny is finally dropping

Meaning?

 

[Skybluefaz]

Just no chance

 

[Brighton Sky Blue]

Meaning?

We’ll see if you keep worshipping the ground Boris walks on or if you start to see that maybe he’s not what he bigged himself up to be. Things like this will kick our generation harder

 

[SkyBlueDom26]

We’ll see if you keep worshipping the ground Boris walks on or if you start to see that maybe he’s not what he bigged himself up to be. Things like this will kick our generation harder

It was obvious we’re going to have to pay financially for it, let’s just hope the kick isn’t too big and from today we get things reopen and the economy safely moving.... this is why we can’t stay in lockdown forever

Seen somewhere that 1 in 3 companies might not reopen

 

[PVA]

It was obvious we’re going to have to pay financially for it, let’s just hope the kick isn’t too big and from today we get things reopen and the economy safely moving.... this is why we can’t stay in lockdown forever

Seen somewhere that 1 in 3 companies might not reopen

Look at the images of the buses above, it isn't reopening safely, it can't.

 

[Brighton Sky Blue]

It was obvious we’re going to have to pay financially for it, let’s just hope the kick isn’t too big and from today we get things reopen and the economy safely moving.... this is why we can’t stay in lockdown forever

Seen somewhere that 1 in 3 companies might not reopen

The kick will be to nurses and teachers again, instead of the investment bankers and lawyers who have contributed nothing during the crisis. I would like to be proven wrong but what I’m afraid you will see is the party of the rich protecting the rich and getting you to cover the bill

 

[Deleted member 5849]

It was obvious we’re going to have to pay financially for it, let’s just hope the kick isn’t too big and from today we get things reopen and the economy safely moving.... this is why we can’t stay in lockdown forever

Seen somewhere that 1 in 3 companies might not reopen

Good to see you're all for lefty policies

 

[David O'Day]

Well the bill is hundreds of billions which needs to be covered somehow. The question is who do you ask to pay more towards it

Most of that will be owed to the bank of england who are owned by the uk government.

You can slowly pay it off as per the slavery reparations which we have only just paid off.

Also if you actually stimulate the economy you increase the tax rate more.

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[Brighton Sky Blue]

Good to see you're all for lefty policies

Nobody’s a free market capitalist in a crisis

 

[skybluetony176]

It was obvious we’re going to have to pay financially for it, let’s just hope the kick isn’t too big and from today we get things reopen and the economy safely moving.... this is why we can’t stay in lockdown forever

Seen somewhere that 1 in 3 companies might not reopen

Either that or the infection and death rates will start rising again.

 

[Brighton Sky Blue]

Most of that will be owed to the bank of england who are owned by the uk government.

You can slowly pay it off as per the slavery reparations which we have only just paid off.

Also if you actually stimulate the economy you increase the tax rate more.

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I agree, but the tax rate was too low anyway

 

[SkyBlueDom26]

Either that or the infection and death rates will start rising again.

Which is why we have to find the right balance as being locked down forever will be much worse in the months to come

 

[Deleted member 5849]

I agree, but the tax rate was too low anyway

If the tax rate keeps public spending up, that works anyway.

 

[David O'Day]

I agree, but the tax rate was too low anyway

Yes we do seem to want Scandinavian services on us levels of tax

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[Brighton Sky Blue]

Which is why we have to find the right balance as being locked down forever will be much worse in the months to come

It is, but it has been made worse because of how badly the government has managed the outbreak. We are still failing on getting anywhere near enough tests done for a start

 

[Brighton Sky Blue]

Yes we do seem to want Scandinavian services on us levels of tax

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Teaching posts in the UAE and Hong Kong looking more appealing

 

[SkyBlueDom26]

It is, but it has been made worse because of how badly the government has managed the outbreak. We are still failing on getting anywhere near enough tests done for a start

I think we are failing on the antibody tests, they are vitally important and are nowhere to be seen.... however it’s proving difficult for any country to get reliable ones

 

[Brighton Sky Blue]

I think we are failing on the antibody tests, they are vitally important and are nowhere to be seen.... however it’s proving difficult for any country to get reliable ones

Would you agree we have generally done a poor job in managing the outbreak?

 

[David O'Day]

I think we are failing on the antibody tests, they are vitally important and are nowhere to be seen.... however it’s proving difficult for any country to get reliable ones

We're failing at testing full stop

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[hill83]

Not much. But kicking the public sector for another few years after it, particularly health and education, have had to work overtime in this timeframe, would be quite unfortunate.

Millennials left school during the 2008 recession, Gen Z will do it during a Covid recession. Both will be told they are entitled for complaining about the consequences of that

Not that it really matters but millennials were born between 1981 and 1996 and I left school in 2000.

 

[SkyBlueDom26]

Would you agree we have generally done a poor job in managing the outbreak?

We should have shut our borders completely and should have enough PPE, there the things that definitely aren’t good enough

 

[hill83]

You can slowly pay it off as per the slavery reparations which we have only just paid off.

Which went to slave owners no less and not the actual people affected. Some of which I paid for with my own taxes. Beautiful stuff.

 

[hill83]

I was up for paying more tax if it goes to the right places before this and I will be after.

 

[David O'Day]

Which went to slave owners no less and not the actual people affected. Some of which I paid for with my own taxes. Beautiful stuff.

Yep morally bankrupt but the loans were only finally repaid recently

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[fernandopartridge]

Well the bill is hundreds of billions which needs to be covered somehow. The question is who do you ask to pay more towards it

It really doesn't - the way the 'cost' of the JRS has been described is utterly misleading. It is spending money directly in to the economy and a lot of it will come back to the treasury in any case (people pay income tax on the 80% subject to thresholds for a start). I think it's reasonable to live with it, this is an unprecedented crisis akin to a war type impact on the economy. We need solutions similar to the postwar consensus to stimulate the economy, not the tired austerity orthodoxy of post financial crisis.

It's quantitative easing at a consumer level where it really ought to have been after the financial crisis, it's funny but I don't hear anybody crowing over the QE to banks which has so far cost £645bn to very little economic benefit to the majority (look at the stagnation of wages across the public and private sector) . The headline (misleading as described above) figures for the JRS are chicken feed in comparison.

 

[hill83]

Yep morally bankrupt but the loans were only finally repaid recently

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That's what I mean. And the government at the time released the information with a celebratory tone. Paying off the loans for the money that was handed to the people that enslaved my ancestors with my own hard earned cash. Get the party poppers out.

Anyway, probably not for this thread, there's enough going on.