Jump to content

yoda

Gold Members
  • Posts

    6,391
  • Joined

  • Last visited

  • Days Won

    27

Posts posted by yoda

  1. I think the main lesson to take from furlough spending is that "the money is there of you want to spend it on other things - like improving the lives of those at the bottom".

    Not "mY taXeS WeRE spUNKeD oN KEePiNg PeOple IN pAId eMPLOymenT". Or the P&B classic of "But ZImBAbWe".

    Arguing that we shouldn't have done furlough is fine. And in an alternative reality where we didn't lockdown that's a fair argument. But in reality we did lockdown, and furlough was a necessity. I don't think it went far enough but it has, objectively, been a good thing. 

     

  2. In the words of Craig Levein, I've got to laugh. Specifically at the fans, pundits, and journalists who are up in arms over this despite spending the best part of two decades tacitly supporting a set-up in which the logical conclusion is a European Super League.

    I listened to The Totally Football Show this morning and Carl Anka - a Man Utd fan from Essex - was bemoaning the capitalistic nature of elite level football. No sympathy with him or any other fan of the elite level clubs who are now seeing what we've all known for years.

  3. 5 hours ago, NotThePars said:

    I remember someone saying if Smith was born a century later he'd have been a communist.

    Smith and Marx have more overlap than most people would initially assume. 

    He also had a much better take on relative poverty than most mainstream political commentators have. 

  4. 50 minutes ago, Dawson Park Boy said:

    When Thatcher came in, she gradually reduced taxes and revenue and prosperity increased.

    Even in recent times, the Tories have been reducing CT and increasing revenue. This is being reversed temporarily because of Covid but with higher investment allowances to promote capital spending.

    I think Ireland has very low CT rates and this has brought in loads of investment.

    Regarding personal tax levels, I’m obviously talking about marginal rates and, to be successful, I think lower is always better to incentivise the population.

    Seem to remember Salmond’s SNP  used to be a great advocate of low taxes, corporate and personal.

    There's a lot wrong here.

    There's no strong evidence to suggest that tax cuts increase "prosperity". There's no link between lower taxes and lower unemployment, or higher growth. There has been measurable increases in inequality in countries like the UK and US since the 1980s though. The only folk who have prospered have been those who received tax cuts. And most of them are in the top income earners; the people who don't really need tax cuts. If you actually want to implement tax cuts that are good for the economy and good for society then you reduce the tax burden on those at the bottom. 

    Lots of countries have had higher tax rates in the past, and they coincided with higher periods of "prosperity".  Incidentally lots of countries have higher corporation tax than Ireland - these countries seem to get on fine.

    Supply side economics and trickle down wealth has been largely debunked by actual real life experience. 

     

  5. 8 minutes ago, Dawson Park Boy said:

     It doesn’t work, my friend. All the wealthy emigrate. Look at the Laffer theory. If you tax too high, revenue drops.

    Dunce found.

    To clarify: Anyone using the Laffer Curve to justify tax policy is of course a dunce. Obviously at 0% tax there's no revenue because you aren't taxing anything. Obviously at 100% tax (under that specific model of labour supply) there's no revenue because nobody works. How the "curve" (under that specific model of labour supply) manifests itself is debatable.

     

  6. I assume it was supposed to be menacing but I was howling at the "BEING A RAT" delivery yXAbrOQ.png

    Some random thoughts:

    If Chloe is a mole for the OCG, and she's Lennie James's daughter, then her motivation has got to be taking down AC12 for going after her dad. I doubt she knows the full story and the OCG could offer her the chance of revenge. I don't think she'll be part of it though, more suspicious of Steve, but letting someone else take the bullet suggests she knew about the sniper. 

    Pretty clear that Neil from The Office gave Steve info off the record.  

     

  7. The Athletic and Old Firm fans need to be stopped. 

    He'd probably be fine (and that's it, "fine") in a team that is comfortable with dominating possession and has two other midfielders next to him (not doing an identical job). But he's not, so he isn't.  

    A lazy comparison but Jamie Lindsay had a similar career path. No previous experience in the top-flight but a good spell in the Championship, and chucked into a rubbish County team. Lindsay looked better.

    Edited to add: it's a bit annoying that there's an interview with the, erm, Ross County manager and the discussion is about a Rangers loanee.

  8. 54 minutes ago, SandyCromarty said:

    1st World War Reparations played a massive part in the German economic failure.

    The Americans were the Weimar Republic saviour providing major loans and investment to haul them out of the crisis.

    btw  Henry Ford was one American investor who later became an admirer and friend of Hitler.

    Thanks for the Standard Grade History lesson, Sandy.

    It's not particularly relevant to UK government borrowing or financing pensions in the 21st century, but thank you anyway.

  9. 4 hours ago, SandyCromarty said:

    If the Government fails as the German economy did in the early 1920's then we have a serious problem, presently there is concern over uk government borrowing but it is predicted that the economy will cope.

    Using Weimar Germany as an exampleskZap6W.png

     

×
×
  • Create New...