Tories study plans for 20pc VAT

Mrs_Bones

I think given the mess we are in and that hole we are digging is still getting bigger, VAT is going to go up no matter what party gets in next time.

HAMISH_MCTAVISH

Graham_Devon wrote: »

I often look at your posts and think "dear god Hamish".

But that, well, that just takes the absolute buscuit.

Is a buscuit the same thing as a biscuit?

And it's coming purely from a self centered thoughtpath. You just want your assets propped up instead of people saving to buy their own.

I also have a 6 figure sum of savings and investments that are not in property.

Property investments will rise anyway, it is inevitable given the supply imbalance.

But negative interest rates and savings taxes will spur spending in the real economy, ensuring much faster growth, and substantially faster job creation to bring us out of recession sooner. Hoarding of money achieves nothing.

I don't think I have ever seen anyone suggesting more tax should be taken from savings, let alone making the interest rate negative and actively punishing people for saving for their future.

Kaletski suggested it months ago, and Sweden has just gone to a negative interest rate.

You don't read much, do you?

I've noticed recently a lot of the stuff some people are saying on here are being jusitified on their own greed. I'm not sure your a troll, just a completely self centered individual who wants his own assets to do well regardless of others in society. You are not the only one. But you will be dispised.

If you are going to use words such as despised, it would probably have more impact if you learned to spell them properly first.

And such taxes or negative rates would impact me far more than most.

But a faster end to recession and a big boost in job creation is for the greater good of society.

Your solutions, such as increases in savings and reduced consumption on a national level, are exactly what has caused deflationary death spirals in economies such as Japan, leading to the lost decade.

It is such a discredited approach, I am surprised you have the audacity to continue preaching it.:rolleyes:

Just research "The Paradox of Thrift" for a clue as to why it does not, and can never, work.

Graham_Devon

Oh no. Spelling and your 6 figure wealth bought into the argument. Obviously on that note, you win.

But just a small point....saving money acheives a lot. Its the path of "saving does nothing" that has got us into the biggest debt mountain we have ever been in and one of the biggest indebted nations in the world, but hey, figures schmigures.

Not that I know anything. I'm off to get me a loan for a new pair of sunglasses with a shiny name on the side which will probably be spelt wrong like fcuk to make them uber cool.

Dan:_4

Graham_Devon wrote: »

Not that I know anything. I'm off to get me a loan for a new pair of sunglasses with a shiny name on the side which will probably be spelt wrong like fcuk to make them uber cool.

Use a 0% Credit Card.

Graham_Devon

Dan: wrote: »

Use a 0% Credit Card.

Actually, do you know I can't get one! Tried around a month ago.

Reason being, MBNA have upped my credit limit by so much, other lenders now think I'm overexposed. I'm having to go through shutting down the account at the moment and will have to re-apply in 3-6 months time when that exposure is gone.

You could buy a house in 1996 for the combined exposure on my two credit cards.

Dunno why I'm saying this, guess it just gives an insight into how people have got into a mess.

Masomnia

StevieJ wrote: »

Was the use of Englands's deliberate ?

If so he may be disappointed to learn that the Tories full and proper name is 'The Conservative and Unionist Party'

movingforward2010

great so fuel will go up again!

im sick of this im spending £200 a month on fuel just to get to work- i only earn £900!, i live in a remote area with a sh!te no existant bus service, and dont have any money to change my car as im spending so much on bloody petrol!

Cleaver

Graham_Devon wrote: »

Not that I know anything. I'm off to get me a loan for a new pair of sunglasses with a shiny name on the side which will probably be spelt wrong like fcuk to make them uber cool.

FCUK's a bit 2005 Graham. I'd use your loan for a different purchase.

(by the way, reading your quote in an Alan Partridge voice really works for me)

Dan:_4

Graham_Devon wrote: »

Actually, do you know I can't get one! Tried around a month ago.

Reason being, MBNA have upped my credit limit by so much, other lenders now think I'm overexposed. I'm having to go through shutting down the account at the moment and will have to re-apply in 3-6 months time when that exposure is gone.

You could buy a house in 1996 for the combined exposure on my two credit cards.

Dunno why I'm saying this, guess it just gives an insight into how people have got into a mess.

Try to apply for one within the MBNA suite, such as Virgin, A&L, Sony etc. They may give you a very low initial credit limit, but the great thing about MBNA is that you can transfer your available credit limit around the various cards to take advantage of any promotional offer.

Graham_Devon

Cleaver wrote: »

FCUK's a bit 2005 Graham. I'd use your loan for a different purchase.

(by the way, reading your quote in an Alan Partridge voice really works for me)

What do you reccomend. I'm quite partial to a pair of skrotum shades as the moment.