Interesting take on future tax etc...

StevieJ

Really2 wrote: »

That is why you need to add at least some measure of inflation to future calculations. You know like they do when forecasting real term house price falls.:p (3% is fairly standard in the current climate)

They could just state that future calculations/estimates are based on money of the day (i.e. non inflated).

Graham_Devon

Really2 wrote: »

What so you are now saying that is not the £200K in the article.

Quality fail.

:rotfl::rotfl::rotfl:

I feel it would be easier at this point to just say.....

Really, you are right. We don't know what your point actually was, as, on asking you, you just skirted around that question too.

But, you are right.

We done?

nearlynew

chucky wrote: »

how would you prevent inflation?

Through money reform.


http://www.moneyreformparty.org.uk/money/the_economy/inflation.php

Harry_Powell

StevieJ wrote: »

I will have a go at that one, you are arguing with Dev

<- Graham, AKA Mr. Muddle.

I can't believe that Really still falls for it! You might as well discuss nuclear physics with the fireplace for the sense you get out of discussing anything with Devon Muddle.

Exocet

Harry_Powell wrote: »

<- Graham, AKA Mr. Muddle.

I can't believe that Really still falls for it! You might as well discuss nuclear physics with the fireplace for the sense you get out of discussing anything with Devon Muddle.

As soon as I saw you had posted on this thread I had a feeling we'd see the Mr. Muddle picture again.

Really2

Graham_Devon wrote: »

:rotfl::rotfl::rotfl:

I feel it would be easier at this point to just say.....

Really, you are right. We don't know what your point actually was, as, on asking you, you just skirted around that question too.

But, you are right.

We done?

Jesus, just read you article.

will leave future taxpayers with an additional burden of £200,000 each over their lifetimes to pay for the public services enjoyed by this and previous generations. Even with current plans to reduce the deficit, the tax bill would still be as high as £150,000 over the life of someone born in 2011.

Martin Weale, director of the NIESR said: "For spending to have simply carried on as from the 2008 Budget would have led to a very high burden on future generations or required a very large tax increase."

If that £200K is not a tax increase to remove the deficit I do not know what is (or £46K in today's terms:)).

The £150K is lowering spending and removing the deficit.

It was never increasing tax and an increasing debt burden, it is there in English (not devonain I grant you)

Brick wall anyone.

chucky

nearlynew wrote: »

Through money reform.


http://www.moneyreformparty.org.uk/money/the_economy/inflation.php

good reading - but it would never work IMO.

one reason... i could buy up large numbers of one commodity and artificially increase the price due to the lack of supply. how do you prevent that in your economic model?

nearlynew

chucky wrote: »

good reading - but it would never work IMO.

one reason... i could buy up large numbers of one commodity and artificially increase the price due to the lack of supply. how do you prevent that in your economic model?

Well for a start, your analogy assumes, incorrectly (as most people do) that inflation is caused by high prices. It is not.

Rising prices are a result of deliberately inflating the money supply.


And anyway,the rules of supply and demand still hold in a non-inflationary environment.
In your example, I would say that demand would drop if the price got too high and the market would find a new equilibrium.

chucky

nearlynew wrote: »

Well for a start, your analogy assumes, incorrectly (as most people do) that inflation is caused by high prices. It is not.

Rising prices are a result of deliberately inflating the money supply.


And anyway,the rules of supply and demand still hold in a non-inflationary environment.
In your example, I would say that demand would drop if the price got too high and the market would find a new equilibrium.

inflation can be caused by a number of things - my example is cost push inflation. another example for you:

what happens if OPEC decide to reduce the number of barrels of oil they produce by 50%?

do you think that affects inflation?

the increase in the price of oil hasn't happened due to manipulating the money supply.

nearlynew

chucky wrote: »

inflation can be caused by a number of things - my example is cost push inflation. another example for you:

what happens if OPEC decide to reduce the number of barrels of oil they produce by 50%?

do you think that affects inflation?

the increase in the price of oil hasn't happened due to manipulating the money supply.

Rising prices do not cause inflation.