You don't need to be an 'investor' to invest in Singletrack: 6 days left: 95% of target - Find out more
Corbyn'/Livingstone's unilateral nuclear disarmament stance has attracted critism from Dan Jarvis who implied he would not stand as a Labour MP if that became Labour policy (unlikely as Unions don't support it)
Agree. So all the more surprising/damaging is the leaderships determination to push this through? I can only assume its based on their dogmatic adherence to their principles.
I do believe in a meritocracy.
Unfortunately those in power of whatever persuasion don't appear to share our beliefs. John Major appeared to be the last man at the top who believed in it but he was also hamstrung by vested interests.
To those who say we have one there is a one word answer "interns". The expanded version is that only rich kids can afford to be interns the rest have to grab a job, any job that pays. Hence the movers and shakers and opinion formers have the top jobs in media and other areas sewn up. The breadth of vision narrows because like the upper classes in the early nineteenth century it is all an in-bred mess.
To those who say we have one there is a one word answer "interns". The expanded version is that only rich kids can afford to be interns the rest have to grab a job, any job that pays. Hence the movers and shakers and opinion formers have the top jobs in media and other areas sewn up. The breadth of vision narrows because like the upper classes in the early nineteenth century it is all an in-bred mess
But the red princes of the left are battling for the downtrodden person in the street surely? Why else would Seb Corbyn be John McDonnells chief of staff?
Fortunately the other half of the brain allows anyone to read basic data. Inequality has not got worse and has actually declined since the crisis. That's neither defending nor attacking anything.
Depending on which page you look, of course:
[i]The ratio between incomes at the 90th and 10th percentiles fell from 4.4 to 3.8 between 1990 and 2013–14, but the share of income going to the top 1% rose from 5.7% to 8.3%.
• In the years before the recession, inequality was still rising among working households. This was driven by growing inequality in the employment income of such households. Since 2007–08, falls in inequality within this group have not been driven primarily by trends in household employment income, but by the fact that lower-income working households get more support from in-work benefits. In 2013–14, benefits made up nearly 60% of net household income in the bottom decile of the household earnings distribution and around a third in the second decile.
Living standards, poverty and inequality in the UK: 2015
• Recent falls in inequality are likely to prove temporary. Stronger earnings growth and the Conservatives’ planned income tax cuts would do most for incomes towards the top of the distribution, while planned benefit cuts will hit low-income households (both in and out of work) hardest.[/i]
DrJ so just abolish the top 1% then. Find out who they are and tell them to leave the country. Income inequality addressed, job done. Just the minor inconvenience of having to raise everyone else's taxes by 30% to make up for the lost tax revenues (top 1% pay 27% of personal taxes and that doesnt even count the VAT and stamp duty). The vast mJority of the 1% have no real necessity to live in the Uk, they could move themselves and their mostly management jobs easily.
As for "defending the status quo out of self interest" I fail to see how the system has worked for me financially as I've paid in multiples of what I or my family will ever get out. I chose to particpate as on balance I think its for the greater social good of a great nation. As Ive said before if taxes went up a lot I'd leave, based on my age and the fact Labour have zero chance of winning in 2020 I'll most likley be here till retirement
But the red princes of the left are battling for the downtrodden person in the street surely? Why else would Seb Corbyn be John McDonnells chief of staff?
Are they bollocks. Maybe the old-guard (Healey and his generation) did. The current bunch don't give a monkeys as long as their cabal is doing all right. We need a decent war with conscription to remind them we all matter, not just the Westminster village.
(top 1% pay 27% of personal taxes and that doesnt even count the VAT and stamp duty)
The poor pay a high percentage of their income in VAT which is a non-progressive tax that hits the poor hardest.
The rich tend to spend a higher proportion of their income on things that don't carry VAT (which is at a much higher rate than stamp duty). If you buy a chalet in Chamnoix you'll pay frais de notaire in France.
A poor person spends a high proportion of their income on goods and services on things that are heavily taxed. Pay for a haircut and you'll pay VAT and indirectly all the taxes the self-employed person who cuts your hair pays before they can recover a wage. Buy petrol to get to work and you'll pay fuel taxes, VAT and again contribute to the taxes paid by the whole supply chain. And that having already had NI and tax deducted from the money you are spending at source.
Edit; my solution is to do like the Americans, if you live abroad you pay the difference in tax between what you pay abroad and what you would pay in the US to the American tax man - or give up your American nationality.
Inequality has not got worse and has actually declined since the crisis.
Its a strange metric by which we can all be worse off yet fewer of us in poverty and one being able to argue inequality has declined. Its one of this that is both true and yet nowhere near the while picture. you know this though it just you choose to only look at the base figure rather than the rational...again AS like in your presentation of the facts. its also pretty clear with the reduction of top rate tax and the reduction of benefits [ including in work benefits] that whatever the causes of this it is not government polices in our "progressive system" to argue otherwise is to play lose and fast with the facts.
The job of the tax system is to raise money to pay for state services. In progressive societies like ours the burden falls most heavily on those with the most, higher rates leading to accelerated tax receipts on larger amounts.The tax system has no place or role to play in "redistribution" which is a fatally flawed concept. Those less well off gain significantly from state welfare, security including policing, fire service, welfare etc without paying for the full cost of those services.
It takes remarkable skill to contradict oneself so much in just two paragraphs
Chapeau
😆
Some of your posts really are works of art.
Out of interest why is it fatally flawed concept to argue for/strife for fairness?
The vast mJority of the 1% have no real necessity to live in the Uk, they could move themselves and their mostly management jobs easily.
#JAMBYFACT or source please.
As I see it - we should be doing our up most to reduce poverty and inequality for the kindness of all. If you choose to refute the majority of empirical research and numerous journal articles, as you appear to be doing @thm, you are creating a certain discourse which is putting obstacles in the way of proggress. Why you would not want to do your up most to reduce poverty and inequality is beyond me....
In all things I have shown you that by working hard in this way we must help the weak and remember the words of the Lord Jesus, how he himself said, ‘It is more blessed to give than to receive.’”
Something about a camel going through the eye of a needle and rich men getting to heaven too, which makes every rich Christian a hypocrite.
As I see it - we should be doing our up most to reduce poverty and inequality for the kindness of all.
True
If you choose to refute the majority of empirical research and numerous journal articles, as you appear to be doing @thm (not the case, but never mind) you are creating a certain discourse which is putting obstacles in the way of progress
On the contrary, if you ignore the facts then you simple make distracting froth that doesn't help anyone.
Why you would not want to do your up most to reduce poverty and inequality is beyond me....
Indeed why would you?
2am in Paris but always time for another Labour Party diamond 8) Guardian reportining Alison McGowan will resign live on BBC TV today (Sunday) from her advisory role after being branded part of a "right wing clicque" by McDonnell
Ah I hadn't clicked. @THM is a troll.
If one has a considered read of what @THM writes it soon becomes apparent it doesn't make sense - it's all smoke and mirrors with no clear point. Furthermore, if you cross reference back to @THM previous posts, placing the posts in their context, there's continual contradictions to what @THM writes.
Your right, hard data doesn't make sense. Much better to stick to mis-informed headlines. But do go and read your own links on inequality, they are quite informative, especially the ones with updated information.
Clear point - your points (sic) can be easily falsified by the data you choose to post. Odd that, normally you would choose data that supports not contradicts your view. Or better still, form a view based on hard data not the other way round.
Cappuccinos to go!
Still all this is a distraction from the real point, which is we are lacking an effective opposition at the moment, which is poor for the democratic process. They need to sort out the shambles quickly but it is getting worse.
I think that is why people (myself included) voted Corbyn: Because there hasn't been an opposition for years. Tories telling Labour banking deregulation didn't go far enough, voting through Iraq war, happy with NHS privatisation etc, then Labour unable to oppose as they had moral foundation to oppose what the Tories were doing.
I think that is why people (myself included) voted Corbyn: Because there hasn't been an opposition for years.
That went well. 😆
So far so good. Yvette Cooper? Would vote Corbyn again tomorrow and I'm willing to give him a chance- lets see his policies.
Disclaimer: I was waiting right til the end for Millinand to come good as well!
The poor pay a high percentage of their income in VAT which is a non-progressive tax that hits the poor hardest.
@Edukator I'm anough of an anorak to have done my own calculations and I do not think thats true at all. There is no VAT on rent (or mortgage) or food and a reduced rate on utilities. If you are a low earner these are the majority if your expenses, plus any benefits younreceive are totally tax free. I can't say I agree on your rich / VAT point either. When I look back at my own spending the vast majority attracted VAT and I'm spending money which has already been taxed at 65% plus (when you add employers natuonal insurance). So total tax take per £1 was in region of 75%. Effectively it was only savings that didn't attract sales taxes as money spent abroad generally attracts that countries sales taxes.
The US and the Phillipines are the onky two countries in the world which have that "living abroad" tax system. Also you only pay Federal taxes which are low 15%-25% from memory.
JY personal experience, as I've posted before I know dozens of people at Stan Chart who left the UK (for Dubai, HK and Singapore) when taxes went to 50% - all of them top 1%-ers I think I am the only one who came back too. A number of hedge funds moved their high earning traders to Switzerland (eg Brevan Howard). A big chunk of the top 1% are now independently wealthy often with non-dom status. High earners have very high levels of locational flexibility. You saw this clearly in France with the abortive move to put taxes up to 66% (footballers where excluded 😯 ) with the significant number who left France, some of the richest just going the 200 miles to Belgium. Look at sportspeople like Hamilton and Murray, they are not UK resident for tax purposes. They have a choice and they opt out.
I don't count things like unemployments benefits as redistributive - for me they are a service, I see you and tmh seem to and thats fare enough.
Clear point - your points (sic) can be easily falsified by the data you choose to post. Odd that, normally you would choose data that supports not contradicts your view. Or better still, form a view based on hard data not the other way round.
[i]Living standards, poverty and inequality in the UK: 2015
• Recent falls in inequality are likely to prove temporary. Stronger earnings growth and the Conservatives’ planned income tax cuts would do most for incomes towards the top of the distribution, while planned benefit cuts will hit low-income households (both in and out of work) hardest.[/i]
Why dont you then rather than just being patronising ?your points (sic) can be easily falsified by the data you choose to post
It cannot really we know poverty is declining because ogf the method used [ we are all a bit worse of since the recession so less of us appear to be in poverty]and not because of govt policy. Its still a BS sophist argument now delivered with added patronising.
2am in Paris
Wow dude you party on - RESPECT its what I would be doing at 2 am in Paris and no mistake.
@cfk, I think Milliband (and Gordon Brown) is / was a very earnest and decent man. No shame at all I'd say in sticking with him. He just wasn't electable as a leader (unlike his brother imo) and his left leaning policies where rejected by the voters in 2015
Wow dude you party on - RESPECT its what I would be doing at 2 am in Paris and no mistake.
Bit daft I posted that really, I mean reading uk political news at 2am and then posting on here. Loser with a capital L 😳
'm anough of an anorak to have done my own calculations and I do not think thats true at all
Well given the esteem you are held on this forum that will be that matter sorted then 🙄
JY personal experience
I refer you to the point i made earlier in this post
I don't count things like unemployments benefits as redistributive - for me they are a service
Paid for by the better off and given to the less well off
Is it any wonder your word is held the way it is?
Junky post up your own calculations then, say someone on say £20k receiving £5k benefits/tax credits and someone on £50k and another on say £100k - note these should be adjusted for higher levels of discretionary spending plus some savings inc pension as income goes up. Those are the calcs I did. These numbers are in your favour as £100k you still get a tax free personal allowance and are below the 45% tax band
It cannot really we know poverty is declining because ogf the method used [ we are all a bit worse of since the recession so less of us appear to be in poverty]
Doesn't this just prove what Thatcher said about those who harp on about inequality - 'they would rather the poor were poorer, provided the rich were less rich'
In fact, I would go so far as to suggest that those who rely on arguing about inequality only do so because they have already lost the primary economic argument: that it is more important to concentrate effort on creating wealth than redistributing what we have already got (ie. growing the pyramid rather than squashing the pyramid)
In fact, I would go so far as to suggest that those who rely on arguing about inequality only do so because they have already lost the primary economic argument
Unsurprising. However, I would suggest that those ignoring the issue of inequality are simply focusing on their own near term benefit and neglecting the wider influence of inequality on society. Of course this is not only immoral but also short sighted as ultimately it is perceived inequality that drives profound change, not calculation of median income relative to the previous century.
Much evidence for this, e.g. http://healthland.time.com/2011/10/19/how-economic-inequality-is-literally-making-us-sick/
simply focusing on their own near term benefit
Except they're clearly not - as proven by the absolute (rather than relative) poverty figures over the decades (and perhaps most crucially to this debate, those under the 'ultra right wing' Blair years)
Edit: Most agree that neither absolute or relative measures are perfect - but it's clear that what [b]really[/b] matters to most people is whether poor people are actually better off than they were five, ten or twenty years ago, their ability to pay the bills and buy food, rather than the differential between them and the yacht owners.
Except they're clearly not - as proven by the absolute (rather than relative) poverty figures over the decades
I think you missed the point.
but it's clear that what really matters to most people is whether poor people are actually better off than they were five, ten or twenty years ago, not the differential between them and the yacht owners.
And your evidence for that assertion is ... ?
Because the logic of your argument is founded in envy
That if I get a (real terms) 20% pay rise, and you only get a 10% pay rise, then you are somehow worse off than you were before.
.
Because the logic of your argument is founded in envy
No, it's founded on a sense of justice.
That if I get a (real terms) 20% pay rise, and you only get a 10% pay rise, then you are somehow worse off than you were before.
If we do identical work, I will be better off financially but I may be unhappier.
Junky post up your own calculations then
What for its impossible to prove you wrong [ despite you rarely being correct] so why would i waste my time?
If we do identical work, I will be better off financially but I may be unhappier
your unhappiness is entirely within your ownership and jealousy, [u]you are still 10% better off than you were yesterday,[/u] whether you choose to utilise that as a matter of joy or anger is not societies fault.
I wasn't aware you were rich, Jambalaya. Even if you think you are I suggest your income falls well short of what most people would consider rich in British or French terms. If you spend as much of your income on things that carry VAT as you claim I reckon you are middle income bracket and a lot closer to poor than rich, poor enough to be shocked by your water bill anyhow.
your unhappiness is entirely within your ownership and jealousy, you are still 10% better off than you were yesterday, whether you choose to utilise that as a matter of joy or anger is not societies fault.
No doubt. You could also say that if you steal all my money and burn down my house it's still my choice how I respond. But that is how people are made, and it's not even in your own interest to pretend otherwise.
Edukator - Troll
I wasn't aware you were rich, Jambalaya.
I am absolutely sure majority if not all of you are richer than me. My income is so low that most of you would give up living or venture into criminal activities like selling cokes or start looting ...
You will be very surprised to see how people will adopt to changes.
I say cut All benefits i.e. absolutely no handouts, unless you are a pensioner or old people or in the process of dying horribly (leave the detail anal discussion or calculation later on) ... let the society adjust themselves.
🙄
Shadow Attorney General quits for the backbenches.
Plus ça change.....
And then there were none - Agatha Christie would be proud.
Resignation of McKinnell MP means there are no north east MPs in shadow cabinet.
And the PA are reporting that Corbyn won't address the PLP meeting tonight. Now that's leadership 🙄
And then there were none - Agatha Christie would be proud.
Careful now.....
Could someone explain what @thm means when he/she writes "cappuccino's to go"...
Also, @thm you've yet again contradicted yourself.
Your own link confirms my original post regarding income inequality - contradicting the response you made to me...
You trolls really need to sharpen up your act.... 😀
You trolls really need to sharpen up your act....
Only my opinion, but THM has made a far better account of himself than you have. Crying troll at anyone (particularly with a more coherent argument than your own) who's world view doesn't match yours doesn't reflect well.
[quote=sunnydaze310 spake unto the masses, saying]Could someone explain what @thm means when he/she writes "cappuccino's to go"...
I think it's an obscure reference to what he calls "froth", which is basically anything not involving money.
Could someone explain what @thm means generally
FTFY
The bit that people keep failing to grasp, [i]every[/i] time we have this argument, is that more equal societies are better for [b]everyone[/b], not just the poor.
In rich societies, poorer people have shorter lives and suffer more from almost every social problem. Likewise, large inequalities of income are often regarded as divisive and corrosive. Now, in a groundbreaking book, UK-based researchers go beyond either of these ideas to demonstrate that [b]more unequal societies are bad for almost everyone within them — the well-off as well as the poor.[/b] The authors forcefully demonstrate that nearly every modern social and environmental problem — ill-health, lack of community, life, violence, drugs, obesity, mental illness, long working hours, big prison populations — is more likely to occur in a less equal society, and adversely affects all of those within it.
http://www.gizmag.com/equitable-societies-are-better-for-everyone/11135/
Almost there Dr, almost there.
So sunney, help me sharpen up (its tough for those of us with only half a brain, so bear with us thickies)
Inequality has not got worse and has actually declined since the crisis. That's neither defending nor attacking anything.But the current policy mix while stopping the economy getting a lot worse does run the risk of future inequality through the uneven impact of rising asset prices
Which bit of the/your hard data refutes the above (some needs a bit of updating BTW)?
When did the most noticeable period of rising inequality in the UK actually happen?
When did this stop?
What's happened since?
Why "might" it change in the near future (as I suggest)?
All of the above can be found in your very helpful links earlier BTW - and then we can return to some nice raw filter stuff
Grum - a full 😀 cheers
From your own helpful link:
• Recent falls in inequality are likely to prove temporary. Stronger earnings growth and the Conservatives’ planned income tax cuts would do most for incomes towards the top of the distribution, while planned benefit cuts will hit low-income households (both in and out of work) hardest.
What policies do people think would give Labour a chance in the next election? Or what policies would you like Labour to be putting forward.
I can't remember any of Milliband's except the freeze energy bills jobbie (which was pretty half hearted)
OK me- Cancel HS2 and come up with a much better joined up transport infrastructure plan.
Thanks Dr - saying the same thing but with different drivers.
QED
Americano's to go
Yeah but the drivers quoted in your link are deliberate Tory policy - cuts for everyone - tax cuts for the rich and benefit cuts for the poor!!
Espresso here.
ctk - have to say that I don't think that will work. Unless they've lived abroad British people have no idea what a joined up transport system looks like. The only sure fire vote winner is tax cuts.
You might like to google QE doc (the policy I referred to) - not an expresso yet
(Oh and check out my views on [s]stealing[/s]QE)
and don't forget as the ONS note
Overall, taxes and benefits lead to income being shared more equally between households
unsurprising in a mixed, centrist economy with a progressive tax system!
Overall, taxes and benefits lead to income being shared more equally between households
Being undone as a matter of Tory policy.
Really?
2010/11 according to ONS
Before taxes and benefits, the richest fifth of households had an average income of £81,500 in 2010/11, 16 times greater than the poorest fifth, who had an average income of £5,100.Overall, taxes and benefits lead to income being shared more equally between households. After all taxes and benefits are taken into account, the ratio between the average incomes of the top and the bottom fifth households (£61,400 and £15,200 respectively) is reduced to four-to-one.
2013/14 data (latest available)
Before taxes and benefits the richest fifth of households had an average income of £80,800 in 2013/14, 15 times greater than the poorest fifth who had an average income of £5,500.Overall, taxes and benefits lead to income being shared more equally between households. After all taxes and benefits are taken into account the ratio between the average incomes of the top and the bottom fifth of households (£60,000 and £15,500 per year respectively) is reduced to four-to-one.
Those nasty Tories are not very good at undoing things are they!
unsurprising in a mixed, centrist economy with a progressive tax system!
@wrecker - you're probably right...
@thm. - I cannot answer your q"s. You're a positivist and will always be able to dig out a stat to back up your viewpoint - believing your stat is the only way it is.....therefore any dialogue we have (between us) regarding poverty and inequality is pointless and will go round in circles...
Have a cappuccino on me.....
Cheers - I'll stick to the filter all the same!
On a serious note, the answers really are in the links you provided. I know it goes against the current narrative, but in essence, income inequality has largely remained unchanged/dipped slightly since the crisis. That is NOT to say that current levels are ok, but we should not confuse the absolute and the trend.
The other interesting (?) trend is that the most rapid trends in rising inequality have occurred in those economies that are typically associated with low absolute levels (eg the Scandies) but that doesn't suit the conventional narrative either!!
@thm - I'm just quoting the document you referenced.
The other interesting (?) trend is that the most rapid trends in rising inequality have occurred in those economies that are typically associated with low absolute levels (eg the Scandies) but that doesn't suit the conventional narrative either!!
That trend is unsurprising since in both DK and SE the governments have been abandoning the previous social models, with tax cuts and benefit cuts.
@thm - you don't get it do you. Your positivist lens means you're unable to look critically and subjectively at the stats you beleieve in....some of the links I posted challenged your stasts but you have chosen to ignore that part...as I said we'll go round and round with this..I'll leave you to post again how you're right....
I know you are Dr - I am v. familiar with the IFS report. I added another reason why income inequality may rise again too.
Doesn't take away from the fact that earlier "wilder" statements about income inequality, and the assertion that anyone who didn't believe them had only half a brain, were incorrect.
Closing borders too!! 😉
[edit] No sunny, I just prefer to use up-to-date data, that's all. Much better to stick to the raw coffee. 😉
Anyway, back to dear old Jezza and his on-going trials and tribulations
Doesn't take away from the fact that earlier "wilder" statements about income inequality were incorrect.
Depending on your definition of inequality, since as you're well aware the IFS report also comments on the runaway inequality of the top 1%.
THM if you want to show that the tax and benefits regime isn't hitting the poorest maybe you shouldn't quote figures that include the statement
Before taxes and benefits
Which clearly exclude the effects of, you know, stuff like taxes and benefits on wealth and poverty.
??? MSP ??? you are perhaps missing what that data shows?
Indeed Dr and go to the top 0.1% and its even worse!
Still trying to make political points re the impact of Tories and Labour on income inequality (Mrs T aside) requires plenty of statistical gymnastics after all...
What policies do people think would give Labour a chance in the next election? Or what policies would you like Labour to be putting forward.
Making the usual suspects pay their taxes is a winner for most I think.
I'd be interested to see if something like having a state owned and run bank (and I'm not talking about Lloyds, TSB etc..)/utility company/<insert particular business> could be run against current private industries. Probably a compromise against the full "nationalise everything" stance.
I think much of the problem is just getting away from the JC bashing and actual discussion about his current proposals. Labour are not helping themselves in that respect. To be fair, the media aren't helping either but it's a better story for them than a wishlist that isn't (potentially) going to happen for another 4.5 years.
you are perhaps missing what that data shows?
No, but you seem to be. I will again quote the rather important statement that you are unable to grasp.
Before taxes and benefits
I'd be interested to see if something like having a state owned and run bank/utility company/<insert particular business> could be run against current private industries. Probably a compromise against the full "nationalise everything" stance.
Well wasn't the east midland line run publicly after the franchise was taken off the private company, becoming one of the only real companies to make a profit and not hoover up subsidies ala virgin etc?
Certainly network rail (and its huge debts) was quietly renationalised last summer because it had been run into the groung providing the infrastructure so Brandon can pay to keep his island perfect 😉
...and the second para is.....? (to show the impact of what we are talking about)
FWIW since 1990, the tax burden on the highest earners has gone up not down (albeit only slightly) - so the narrative that we have a far right/extreme capitalist society or that we have a non-progressive tax system is simply not true - unless you stay in Café Costa!
I'll catch up later but trying to describe the top 1% as though they are a single being/type is a bit daft it goes from those with a couple of million to billionaires. The top 10%-1% have more in common than the top 1%. The top 1% don't need anyone in partocular in charge because as I said they are, in general, very geographically mobile.
@breatheasy, who are the "usual suspects" exactly ?
MSP - read the second paragraph of each piece.
inequality [i]after taxes and benefits have been taken into account[/i] has contracted between the two data periods.
pre taxes and benefits inequality has contracted by £1,700 (-2.2%), and post taxes and benefits it has contracted by £1,100 (-2.4%)
So T&B are amplifying the reduction in inequality between the two periods.
Original post too old to edit somre-post
I'll catch up later but trying to describe the top 1% as though they are a single being/type is a bit daft it goes from those with a couple of million to billionaires. The top 10%-1% have more in common than the top 1%. The top 1% don't need anyone in partocular in charge because as I said they are, in general, very geographically mobile.@breatheasy, who are the "usual suspects" exactly ?
@Edukator, I'm prety open on here probably too much so. According to news reports of definitions I'm top 1% and certainly consider myself well off, not rich but I can see others would have a differemt view. See my point above, people hear top 1% and think of Abramovich, Mittal, Duke of Westminster or PL footballers - even within those you have a huge variation.
@JY I am happy for you to prove me wrong on VAT, I did my own calcs and its pretty clear someone on low income pays very little VAT as essentials aren't taxed / taxed lowly and they don't have much/any discretionary spending.
Pretty much everwhere else in the EU has VAT on food and no discounted rate for utilities either, this inckudes left-wing France but somehow they are not "mega regressive" countries. Its absolutely the EU's aim to harmoise taxes so sooner or later they are going to try amd force us to put VAT on food, they have already tried to get us to raise VAT on utiilities and they complained when oir VAT was 15% and most where near 20%
@thm - please don't misquote me.
I wrote...
[i]Anybody with half a brain can read a newspaper, listen to the news or scour the internet and find multiple sources of empirical evidence that demonstrates, in the UK, the status quo is unequal and either staying that way or getting worse..[/i]
You write about that earlier comment...
[i]Doesn't take away from the fact that earlier "wilder" statements about income inequality, and the assertion that anyone who didn't believe them had only half a brain, were incorrect.[/i]
Ironic really in that you've even agreed with the point in my original statement regards income inequality by writing later...
[i]..but in essence, income inequality has largely remained unchanged/dipped slightly since the crisis. That is NOT to say that current levels are ok...[/i]
🙄
Top 1% of revenue or wealth, Jambalaya. In world terms or UK terms? From your posting I rightly or wrongly assumed you work for an oil/oil services company, Schlum' or something. So you'll have made a fair bit of cash in exchange for a big chunk of your life. You're still working at my age so very much in the income group where you pay all the salary related taxes (though you may have been exempt for some of the time due to long periods abroad). You say that a lot of things you spend the cash on carry VAT so you must have an expensive lifestyle. Whichever way I look at it I can't put you in the group of people who are rich to the point where they pay very little tax.
I absolutely agree with you that France having VAT on water and basic foodstuffs is shameful. Blaming EU is unfair as France decides what to apply VAT to and has already ignored Europe when it suited in this respect.
@JY I am happy for you to prove me wrong on VAT
😆
Some of your trolling is genuinely very very funny Nonsense but at least its amusing,
@thm - please don't misquote me.
Don't worry I won't.
I wrote...
[b]Anybody with half a brain [/b]can read a newspaper, listen to the news or scour the internet and find multiple sources of empirical evidence that demonstrates, in the UK, the status quo is unequal and either staying that way [b]or getting worse..[/b]
You did and it is incorrect. It isn't getting worse. My version, is different and correct and supported by your data sources.
Or were you saying that to believe that it was, you would have to be in the unfortunate position of only having half a brain? A trifle harsh but might make a bit more sense perhaps, not sure?
the assertion that anyone who didn't believe them had only half a brain
So - can you show us where this assertion was made?
Yes thanks
And how are you getting on with the Tories undoing everything? Any luck?
Then do so. Or admit that you were wrong.
Oh you tease....
You wrote...
[i]and the assertion that anyone who didn't believe them had only half a brain, were incorrect.[/i]
@thm - so not only did you (wrongly) accuse me of being derogatory to other forum members by totally misquoting me for the elevation of yourself in this thread...when it's pointed out to you by myself and others you still aren't confident to acknowledge it....very weak in character to not be able to admit your wrong...
I misquoted you true - you said that anyone with half a brain would be able to see that it was the same or getting worse. Therefore, anyone who thought differently (ie ironically the truth) must have less than half a brain.
You were being even harsher than I first thought - sorry for getting it wrong. Excuse me.
Still the facts remain the same. [b]It hasn't although it might now.[/b] Funny that....But dont take my word for it, read your own link to the IFS, it's all in there in black and white (and a rather revolting shade of green) - bottom of page three in one sentence.
Still back to Jezza and the opposition party, another tough day at the office for the poor guy...
Seriously @thm - you really should give up. You've misquoted it again and now presented another false interpretation.
How can you expect people to believe your other stuff when you cannot present other forum members words the correct way... Its all in black and white..it's not rocket science....
Wrong again? Blimey ...not having a good day.
Let's forget the last few pages then and just go back to the raw data
It hasn't, although it might
Phew, nice and simple
[P.S. page three at the bottom, your link not mine! "Income inequality remained lower than before the Great Recession" ]