cleggeron corporate tax cuts

chucky

ninky wrote: »

http://www.telegraph.co.uk/finance/businesslatestnews/7737913/George-Osborne-set-to-cut-headline-corporation-tax.html

it seems 'fiscal stimulus' is okay for some but not for others.

don't forget though...we're all in this together.

i don't think this is a bad thing if it encourages business investment.

the only bad thing is if it encourages larger profits that get's distributed to share holders that are not in the UK which i think this will. we'll have to wait and see...

bendix

Ninky is famously anti-business. Media-employed middle class socialists usually are.

Curiously though, they are also pro-working class which is kind of ironic, given that most of them have never met any except that nice chap they buy the Big Issue from outside Wholefoods Supermarket.

ILW

In Ninkys world, money for public spending just appears out of nowhere, it does not have to actually be created.

chucky

ILW wrote: »

In Ninkys world, money for public spending just appears out of nowhere, it does not have to actually be created.

bendix wrote: »

Ninky is famously anti-business. Media-employed middle class socialists usually are.

Curiously though, they are also pro-working class which is kind of ironic, given that most of them have never met any except that nice chap they buy the Big Issue from outside Wholefoods Supermarket.

i'd stick to the corporation tax subject instead of focusing on Ninky...

it comes across as you don't like what she's saying and don't have a real response to her argument...

lemonjelly

chucky wrote: »

i'd stick to the corporation tax subject instead of focusing on Ninky...

it comes across as you don't like what she's saying and don't have a real response to her argument...

Very true chucky...:T

I was thinking about this last night. Kinda makes me laugh sometimes, especially with a lot of the slash the public sector now threads we get on here.

With the tories in, each day it seems more & more like the private sector got us into this situation. It will be the public sector that bails us out.

vivatifosi

lemonjelly wrote: »

With the tories in, each day it seems more & more like the private sector got us into this situation. It will be the public sector that bails us out.

That's not fair on the private sector though lj. I can see the point that banks got us into this, but even then you can't blame all banks, let alone the whole finance industry and certainly not all of the private sector.

There are lots of businesses hurting in the UK and ILW's point is at the crux of this, you need private businesses for wealth creation.

I think it was Pennywise who was talking recently about the lack of entrepreneurialism in the UK these days and it is a major problem. You need people to want to start small businesses and employ people because even huge businesses have to start somewhere and small business employ a lot of people. Unfortunately there are many surveys that show that entrepreneurialism is more of a state of mind and attitude, so we can't ask the public sector to teach it in school and everything will be ok, we have to have a favourable tax regime to coax those out with the balls to do it.

lemonjelly

vivatifosi wrote: »

That's not fair on the private sector though lj. I can see the point that banks got us into this, but even then you can't blame all banks, let alone the whole finance industry and certainly not all of the private sector.

There are lots of businesses hurting in the UK and ILW's point is at the crux of this, you need private businesses for wealth creation.

I think it was Pennywise who was talking recently about the lack of entrepreneurialism in the UK these days and it is a major problem. You need people to want to start small businesses and employ people because even huge businesses have to start somewhere and small business employ a lot of people. Unfortunately there are many surveys that show that entrepreneurialism is more of a state of mind and attitude, so we can't ask the public sector to teach it in school and everything will be ok, we have to have a favourable tax regime to coax those out with the balls to do it.

I can see where you're coming from Viva. In a way, I suppose I'm kinda venting at some of the free marketeers on here.

That said, I really do feel that the current situation was very much made by the private sector. Yes, not every private company/bank was culpable, but the sytems in the private sector created our situation by creating belief systems supported by ongoing unsustainable personal debt, poor management, consumer & profit driven greed, bad accounting & investments and poor quality products and services.

We are not in this together anymore. Business will now pay even further reduced taxes. Workers will pay more in taxes. & the public sector will really bear the brunt of viscious cuts.

If the private sector were an individual, I'd be wondering how he/she could look themselves in the mirror. Unfortunately, I'm wondering (from what I'm reading & seeing) is that they don't care.

chucky

lemonjelly wrote: »

Very true chucky...:T

I was thinking about this last night. Kinda makes me laugh sometimes, especially with a lot of the slash the public sector now threads we get on here.

With the tories in, each day it seems more & more like the private sector got us into this situation. It will be the public sector that bails us out.

i'm not a fan of a bloated public sector but i read something the other day that 70p in the £1 of public sector take home pay get's spent in the local economy.

i'd like to see if this is the case in the private sector. as salaries are higher here i can't see it being anywhere close to this.

lemonjelly

chucky wrote: »

i'm not a fan of a bloated public sector but i read something the other day that 70p in the £1 of public sector take home pay get's spent in the local economy.

i'd like to see if this is the case in the private sector. as salaries are higher here i can't see it being anywhere close to this.

I abhor any kind of waste. Having worked for charities I know it is essential to make the best value from absolutely everything you have. EVERYTHING is an asset. So I agree, that where there is waste in a system we should be looking to cut/trim/streamline. After all, there are still big problems that need fixing, & that money could well be spent on good things that would significantly positively affect society.

But I get the feeling now that the private sector seem to say "well we've done our bit, had a few redundancies...over to you". The tories are likely to be supportive of this.

Be very interested to know where you read that.

ILW

chucky wrote: »

i'd stick to the corporation tax subject instead of focusing on Ninky...

it comes across as you don't like what she's saying and don't have a real response to her argument...

Bottom line.
Without a profitable private sector, there is no public sector.
Not the other way round.