We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Brexit
Comments
-
-
TickersPlaysPop wrote: »It annoys me so much when people are labelled as xenophobic just because they would vote to remove the UK from the EU.
I'm not saying I have an opinion either way at this point.
The banks threatening to leave the UK... the problem is not a UK problem it is a systemic global disease that need to be fixed. Creating money only when debt is created is a system doomed to fail if the banks are not willing to accept heavy regulation. We need to move money creation back into sovereign control?
It's the huge global companies that are sucking the life out of the economy by legally avoiding tax.
Tax the companies avoiding tax.
Regulate the banks heavily.
You seriously miss the point. Voting to leave the EU is your right. But it would be nice if you had a good reason for doing so.
Whatever global companies do with their tax affairs the problem can only be tackled by nations working together. That is not an argument for the EU, but international alliances like EU will make it easier to take collective action of the type you want.
Whatever tax they pay, these global companies employ people in the UK. UK leaving the EU gives them an incentive to leave the UK. Not in all cases, but if most of their business is with the EU why would they not relocate when convenient.
This is a very important decision, it could go well for UK, but it could be decided by a load of headlines saying "we will not allow foreigners to tell us what to do".Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
TickersPlaysPop wrote: »It annoys me so much when people are labelled as xenophobic just because they would vote to remove the UK from the EU.
I'm not saying I have an opinion either way at this point.
The banks threatening to leave the UK... the problem is not a UK problem it is a systemic global disease that need to be fixed. Creating money only when debt is created is a system doomed to fail if the banks are not willing to accept heavy regulation. We need to move money creation back into sovereign control?
It's the huge global companies that are sucking the life out of the economy by legally avoiding tax.
Tax the companies avoiding tax.
Regulate the banks heavily.
Pretty much all of that post shows a fundamental misunderstanding of business and economics.
To highlight the main points...
1) Banks can only create money up to certain limits set by the state's regulators, the state therefore always controls money supply, by setting either capital adequacy ratios or fractional reserve requirements in regulation.
2) All tax is ultimately paid by the consumers of goods and services and not by the company that any tax may be levied on.... Companies are at best tax collectors and not tax generators. Corporation tax is a mirage to con the public into thinking someone else pays tax rather than them, and campaigning for companies to pay more tax is actually campaigning for the consumers of all goods and services, ie, me and you, to pay more tax.
3) Banks (and other businesses) are not "threatening to leave" the UK if we leave the single market, they are simply noting the reality that the additional costs and decreased access to the single market that would be the result of leaving would no longer make the UK as attractive a place to deploy people, capital and resources. Some companies will have little choice but to move completely, some will reduce their UK presence while increasing their presence in Europe, but the net loss to the UK in jobs and commerce would likely be very significant.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Pretty much all of that post shows a fundamental misunderstanding of business and economics.
To highlight the main points...
1) Banks can only create money up to certain limits set by the state's regulators, the state therefore always controls money supply, by setting either capital adequacy ratios or fractional reserve requirements in regulation.
2) All tax is ultimately paid by the consumers of goods and services and not by the company that any tax may be levied on.... Companies are at best tax collectors and not tax generators. Corporation tax is a mirage to con the public into thinking someone else pays tax rather than them, and campaigning for companies to pay more tax is actually campaigning for the consumers of all goods and services, ie, me and you, to pay more tax.
3) Banks (and other businesses) are not "threatening to leave" the UK if we leave the single market, they are simply noting the reality that the additional costs and decreased access to the single market that would be the result of leaving would no longer make the UK as attractive a place to deploy people, capital and resources. Some companies will have little choice but to move completely, some will reduce their UK presence while increasing their presence in Europe, but the net loss to the UK in jobs and commerce would likely be very significant.
presumably there are no successful countries, who are not in close political and economic groups that are converging on being federal super states?
I didn't know that.0 -
presumably there are no successful countries, who are not in close political and economic groups that are converging on being federal super states?
The question is not whether the UK would be successful outside of Europe, of course it could be, but in all probability not as successful as we are today.
We have one of the fastest growing economies in the developed world and one of the lower rates of unemployment, our average wealth, living standards, access to services and household income put us firmly in the top handful of most desirable countries to live in.
Much of this has been enhanced through the benefits of EU membership, not all of course, but a significant portion.
The benefits of membership far outweigh the costs.... It would be daft to leave.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Pretty much all of that post shows a fundamental misunderstanding of business and economics.
To highlight the main points...
1) Banks can only create money up to certain limits set by the state's regulators, the state therefore always controls money supply, by setting either capital adequacy ratios or fractional reserve requirements in regulation.
2) All tax is ultimately paid by the consumers of goods and services and not by the company that any tax may be levied on.... Companies are at best tax collectors and not tax generators. Corporation tax is a mirage to con the public into thinking someone else pays tax rather than them, and campaigning for companies to pay more tax is actually campaigning for the consumers of all goods and services, ie, me and you, to pay more tax.
3) Banks (and other businesses) are not "threatening to leave" the UK if we leave the single market, they are simply noting the reality that the additional costs and decreased access to the single market that would be the result of leaving would no longer make the UK as attractive a place to deploy people, capital and resources. Some companies will have little choice but to move completely, some will reduce their UK presence while increasing their presence in Europe, but the net loss to the UK in jobs and commerce would likely be very significant.
Point two in intriguing, if only the politicians would debate things like that more often, the country would be far more politically literate.
Older I get more I think the only form of taxation should be VAT on products scaled up or down occording to the amount of social good they create or hamper. It could be made progressive by have having heavy vat on the toys of the rich whist creating positive incentives by making no vat on things like fruit, vegetables, books etc.Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
Point two in intriguing, if only the politicians would debate things like that more often, the country would be far more politically literate. .
It is in the interests of all politicians not to debate points like that.
They all know full well it is the case, but they encourage the "useful idiots" to campaign for greater business taxation and less avoidance, as this then distracts people from the real issues.
People can unfortunately be conned into believing that if only businesses paid more tax then everyone else would pay less, what they don't realise is they end up paying all business taxes anyway so it's a zero sum game for consumers.
It's one of the most successful and long lasting examples of a 'Big Lie' still in existence today.
A truly remarkable display of the success that can be achieved with political 'divide and conquer' strategies.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »The question is not whether the UK would be successful outside of Europe, of course it could be, but in all probability not as successful as we are today.
We have one of the fastest growing economies in the developed world and one of the lower rates of unemployment, our average wealth, living standards, access to services and household income put us firmly in the top handful of most desirable countries to live in.
Much of this has been enhanced through the benefits of EU membership, not all of course, but a significant portion.
The benefits of membership far outweigh the costs.... It would be daft to leave.
are we one of the fastest growing economies in the world because our trade with the EU ?
and why are there so many unsuccessful EU economies?
with whom are you comparing us with, australia, south korea, SE asia, or whom?
assertion is not science
EU is the fifa of the world and will not last0 -
are we one of the fastest growing economies in the world because our trade with the EU ?
and why are there so many unsuccessful EU economies?
We are one of the fastest growing economies in the World because we have both membership of the European single market and the attributes as a nation to maximise the access that membership provides.
Many countries have one or the other, few have both, that makes us very lucky indeed.assertion is not science
Indeed it isn't.
A point you would do well to remember next time you spout anti-EU 'truthiness'.EU is the fifa of the world and will not last
By definition the EU would be more like UEFA....;)“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Thrugelmir wrote: »Ever had the need to consult a GP ?
Yes. The GP did the MMR.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.5K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards