[Politics] The General Election Thread

[Two Professors]

Imagine if CH4 empty chaired BJ on Sunday night? Absolute scenes

Sent from my SM-A520F using Tapatalk

With an audience of 1-you.

 

[Two Professors]

The manifesto says in existing urban brownfield sites.

A lot of brownfield sites are heavily polluted.One being started in Walsall next year has taken 7 years to be made suitable and safe for building.

 

[Weststander]

For a while I've been thinking about a poll to ask people how they'd vote based on the impact to their personal circumstances versus the perceived greater good. I think most would be prepared to sacrifice a bit themselves if they believed that, in doing so, the benefit would be felt elsewhere. But how far does that extend?

For example, how many people would genuinely place their vote knowing that it could mean a dramatic negative impact on them and their family (less disposable income, not being to afford a holiday and cutting activities their kids can do etc) in order to effect a broader societal improvement.

The NHS potentially saved my life last winter, when it was discovered that I had very large tumour that had been growing unknown for years. In Harrow, I witnessed an NHS hospital clearly needing mega money to be spent on infrastructure. Plus my Albion trips up north over the years, eg Liverpool, have revealed poverty way beyond small enclaves such as some people in East Brighton’s estates.

Based on those real experiences, even as most definitely NOT a non-hard left person, I’d gladly pay a few pennies in the pound extra in basic rate income tax. To be spent specifically and wisely (the state can also blow huge sums in errors) on hospitals, schools, NHS lower grade staff pay rises, affordable homes, rural bus services and so on. On a positive, the new £485m Royal Sussex is looking amazing (all from central government hard cash) and a lot of new social housing has been built around Liverpool. These must be repeated over and over again.

I often say it, but I know from close Scandinavian friends, that everyone there really is it in together. Someone in Sweden grossing £25k or £35k from a job, loses getting on for half of that in total taxes.

A UK Labour experiment where everyone earning over £80k in a job, or over £12.5k from running a tiny limited company, pays for Scandinavian style socio-economic system is a lie. The much respected IFS have been damning on this tonight.

Yep, I’d definitely pay extra basic rate income to make it a fairer country and modernise, but so should everyone else.

 

[darkwolf666]

And here is another out of touch idiot...

https://blogs.spectator.co.uk/2019/...arned-the-lesson-of-no-such-thing-as-society/

10 years of austerity has had no effect on the levels of poverty in her mind, it's all the fault of the local authorities - the very same local authorities who have had their budgets decimated by her government - see there's a nice circle there isn't there Ms Patel, but you, like so many out of touch politicians don't get it, do you?

 

[darkwolf666]

For a while I've been thinking about a poll to ask people how they'd vote based on the impact to their personal circumstances versus the perceived greater good. I think most would be prepared to sacrifice a bit themselves if they believed that, in doing so, the benefit would be felt elsewhere. But how far does that extend?

For example, how many people would genuinely place their vote knowing that it could mean a dramatic negative impact on them and their family (less disposable income, not being to afford a holiday and cutting activities their kids can do etc) in order to effect a broader societal improvement.

I'd hazard a guess not many, unless they are labour voters and I think even a few of them would baulk at the idea of making themselves poorer. Scruples have a cost unfortunately.

 

[Baldseagull]

So how will the Labour Party introduce a fairer GLOBAL taxation policy?

I agree that the likes of the companies that you have listed have to pay their way. In Amazon's case, up until recently they didn't make a profit, so an alternative way of taxation GLOBALLY has to be found. Making the UK less attractive though is not going to help anyone in the long run.

All that will happen if Labour tries to grab too much too quickly will be that the MANY will end up footing the bill as usual as the FEW will have buggered off elsewhere.

Co operation with other states, corporations wanting to be inside the EU single market should be unable to play the member states off against each other for the best tax deal, but some of the members veto the changes required to prevent this fully.

 

[One Love]

Hmmmm spending double what the others are planning to do. Pie in the sky

What's the national debt now?

What was it when the Tories got in?

Hmmmm

 

[Raleigh Chopper]

A lot of brownfield sites are heavily polluted.One being started in Walsall next year has taken 7 years to be made suitable and safe for building.

7 years?
That's a very long time isn't it.
About the same time as it takes to finalise a trade deal with a major country.

 

[wellquickwoody]

it's fully costed.

Steven Swinford
(@Steven_Swinford)
Jeremy Corbyn's £82.9bn in tax rises:

* 50p rate & new tax on super rich - £5.4bn

* Reverse corporation tax cuts - £23.7bn

* Extending FTT - £8.8nm

* Tax on capital gains and dividends - £14bn

* Reverse inheritance tax cuts, VAT on private schools, second homes tax - £5.2bn


Pippa Crerar
(@PippaCrerar)
Eye-catching announcements include:
windfall tax on oil companies
free personal care for the elderly
corporation tax to go back to 26%
class sizes restricted to max 30
EU free movement if Remain

How about increased maternity leave?
How about menopause leave?
How about increased NHS spending?
How about nationalising utility companies?
How about nationalising the railways?
How about nationalising the Post Office?
How about free broadband for everyone?
How about free NHS dental check ups?

And on and on.........

Where is the money coming from for all of these promises?

 

[Weststander]

Not as much as it might first appear, the most tax efficient way of getting money out of your business accounts and into your personal accounts is currently to take a low wage, and take more as a dividend, however money that is paid out in dividends has to come from company profits, which is taxed at 19%. So to take a £1000 dividend, you will be paying £235 in corporation tax, and then pay the dividend tax on the £1000 at 7.5% = £75. So, ignoring N.I. element, if you bill for £1235 as a Ltd Company, you will get £925 after corporate and dividend tax. It would be £988 at 20% personal tax rate if it had been taken as wages, but this is ignoring the National insurance element which I cannot be arsed to work out, but it generally works out better in the current tax system to pay it as dividends which do not have any National Insurance attached, rather than salary, which does, both employer and employee elements if it is your company.
Yes, there will be a hit to freelancers operating as a Ltd Co., but be aware, the reason for many having a Ltd. Co in the first place is to be tax efficient, whatever happens people will try and minimise their tax liabilty, and people will change their set up to do as well as they can in the tax system of the day.

I know all this with my eyes closed, it’s my profession.

Now:
Company profit £50,000
Before a salary of £8,628
Profit after salary £41,372
Corporation tax bill £7,861
Leaving £33,511 for dividends
The first £2,000 of which are tax free
Income tax on the balance of £31,511 = £2,363

Under Corbyn’s plan today:
Company profit £50,000
Before a salary of £8,628
Profit after salary £41,372
Corporation tax bill £7,861. But will McDonnell increase this from 19%?
Leaving £33,511 for dividends
The first £2,000 of which are tax free. But will McDonnell scrap this?
Income tax on the balance of £33,511 = 6,302

Overnight that small businessmen/family are out of pocket by £3,939 per annum.

Most businessmen start because they have an idea, or are made redundant, hate their boss, hate being in a master and servant arrangement, like the flexibility, many people do it now because it works with their child arrangements and so on. Only the people like famously John Burt at the BBC set up a limited company purely as tax avoidance. IR35 and the Badges of Trade rules catch them, but some of course carry on lying with a bent engager not wanting to pay employers national insurance and accrue employment rights for staff.

 

[Weststander]

Co operation with other states, corporations wanting to be inside the EU single market should be unable to play the member states off against each other for the best tax deal, but some of the members veto the changes required to prevent this fully.

If only the EU would play ball. They do nothing tangibly to stop Ireland, Lux and Netherlands being tax havens, in cahoots with these multinational tax cheats.

 

[beorhthelm]

some positive from Labour, building nuclear in addition to windfarms and solar (22k football pitches worth - love that unit of area).

the home energy efficency upgrades will reduce my bill by £417. utilities wont be run from Whitehall but local users and workers. they'll be run to ensure any surplus is reinvested or reduces bills which is good for us too. wouldnt be good for bond holders but goverment will cover.

 

[Weststander]

Is there sufficient for 150,000 houses per year? I doubt it very much.

It’s impossible. Our population has increased by 10 million very quickly. Sadly, the countryside has to be built on .... just look at Burgess Hill, Haywards Heath, Horsham and west of Worthing. Fields, precious woodland, trees have been bulldozed for colossal numbers of home. MSDC seem to delight every time this happens at Burgess Hill.

 

[Bozza]

some positive from Labour, building nuclear in addition to windfarms and solar (22k football pitches worth - love that unit of area)..

A football pitch should be the standard unit for measuring area. Similarly:

Length: double-decker buses.
Weight: elephants.

 

[Hugo Rune]

A football pitch should be the standard unit for measuring area.

Only on a smallish scale mind.

On a global level, we have:
‘An area the size of Wales’

 

[lawros left foot]

It’s impossible. Our population has increased by 10 million very quickly. Sadly, the countryside has to be built on .... just look at Burgess Hill, Haywards Heath, Horsham and west of Worthing. Fields, precious woodland, trees have been bulldozed for colossal numbers of home. MSDC seem to delight every time this happens at Burgess Hill.

We will have to build on green field sites if we are to achieve anything like Labour, Liberal, or Tory targets of affordable homes.

Thankfully, we have a lot of green space to build on. Only 5.9 % of Britain is currently built on.

 

[beorhthelm]

We will have to build on green field sites if we are to achieve anything like Labour, Liberal, or Tory targets of affordable homes.

Thankfully, we have a lot of green space to build on. Only 5.9 % of Britain is currently built on.

that is the pragmatic view. sadly many politicans across the spectrum insist on pitching brownfield only and protecting green fields. they promise the homes but nothing about how they'll change planning to deliver.

 

[Weststander]

We will have to build on green field sites if we are to achieve anything like Labour, Liberal, or Tory targets of affordable homes.

Thankfully, we have a lot of green space to build on. Only 5.9 % of Britain is currently built on.

I agree, it’s inevitable.

But so many councils and residents with real power, do everything under the sun to fight and delay it. I know this through personal associates and clients. Adding years to the process. BHCC are a classic.

 

[Ernest]

I’m disappointed with the manifesto , that TORY buffoon Nadhim Zahawi said there was going to be a policy of shooting the rich and it’s not there.

 

[portslade seagull]

We will have to build on green field sites if we are to achieve anything like Labour, Liberal, or Tory targets of affordable homes.

Thankfully, we have a lot of green space to build on. Only 5.9 % of Britain is currently built on.

This will only happen if the presiding government override local planning restrictions. Deal with stuff like this daily and the obstructions from the local authorities are something to believe