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Postpone some of the cuts?
Comments
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Ok, lets debunk this myth of plummeting tax revenues. Since the 2008 financial crisis, tax revenue has fallen a total of £30bn, out of £549bn.
Since 1964 (earliest data), this is the ONLY time that tax revenue has fallen year on year. How many recessions have we had since then? How many budget cuts? How many periods of economic stagnation have we had? The truth is we've been through it all, and still, tax revenues have never plummeted.
So stop with this ridiculous notion that tax revenues will plummet because of spending cuts, because the worst we have seen in the last half a century is a £30bn drop over 2 years, which is FAR outweighed by the £120bn budget deficit which the government is reducing.
Also its worth noting that Tax revenue is forecast to grow over the next few years, even with spending cuts.
Why don't the spendaholics try backing their argument up with some factsFaith, hope, charity, these three; but the greatest of these is charity.0 -
Ok, lets debunk this myth of plummeting tax revenues. Since the 2008 financial crisis, tax revenue has fallen a total of £30bn, out of £549bn.
Since 1964 (earliest data), this is the ONLY time that tax revenue has fallen year on year. How many recessions have we had since then? How many budget cuts? How many periods of economic stagnation have we had? The truth is we've been through it all, and still, tax revenues have never plummeted.
So stop with this ridiculous notion that tax revenues will plummet because of spending cuts, because the worst we have seen in the last half a century is a £30bn drop over 2 years, which is FAR outweighed by the £120bn budget deficit which the government is reducing.
Also its worth noting that Tax revenue is forecast to grow over the next few years, even with spending cuts.
Why don't the spendaholics try backing their argument up with some facts
How many times since 1964 has government spending actually been cut? Actually, I'll raise the bar: how many times has government spending actually been cut since 1930?if the Government spends money and less output results than if it was spent privately then that is destructive to the economy. There is no point in employing people to dig holes, Keynes was wrong to say that it is IMO.
So, have any studies been conducted to show the money was available to be spent privately? Keynes was only talking about shovels and men in a very specific economic circumstance (a depression). Keynes supporters often apply the argument to the wrong type of recession. Really, the situation he was talking about IMHO was the depression where the credit system had seized up so much that the money the government spent was not available to private enterprise.
Remember, we are talking about a time when there were stocks and shares selling for less than the actual physical value of stock, so if you bought the company up, and just sold the stock, you would make money.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
How many times since 1964 has government spending actually been cut? Actually, I'll raise the bar: how many times has government spending actually been cut since 1930?
If you want to try and counter the argument, then the onus is on you to show government spending has never been cut.
And if what you're implying is true, then that means the entire opposition to spending cuts is not based on any real world observations, but purely armchair theory.Faith, hope, charity, these three; but the greatest of these is charity.0 -
If you want to try and counter the argument, then the onus is on you to show government spending has never been cut.
And if what you're implying is true, then that means the entire opposition to spending cuts is not based on any real world observations, but purely armchair theory.
No, actually the onus is on you. You claimed that we had been 'through it all'. I asked you, exactly when we had been through cuts?
There are real world examples of cuts I know of, but they have only really happened in other countries. Off the top of my head, Argentina, Ireland, Latvia, Lithuania, and a few others.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
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if the Government spends money and less output results than if it was spent privately then that is destructive to the economy. There is no point in employing people to dig holes, Keynes was wrong to say that it is IMO.
And so far your opinion is being shown to be completely wrong.If you keep doing what you've always done - you will keep getting what you've always got.0 -
How pathetic! Is that the best you can do? Sad.:(
I can do far better than that, it's just pointless discussing stuff with Labour (or Tory or BNP) stooges that just want to parrot a party line. It's more fun just to insult them or wind them up.
If you can't get a sensible debate going you might as well have a bit of fun I reckon.
Do you actually work for the Labour party or do you do this stuff in your spare time?0 -
Graham_Devon wrote: »Thanks, I just spat coffee all over my monitor.
Graham if you ever make a post that I find in anyway enlightening I will be the first to give you a big clap.....
It is sad enough being stupid, but stupid and rude is a really bad combination imho.If you keep doing what you've always done - you will keep getting what you've always got.0
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