Brexit, The Economy and House Prices (Part 2)

Rusty_Shackleton

Sapphire wrote: »

More than anything else, blame globalisation (run by giant, all-powerful corporations that don't care about 'little' people), promoting cheap goods/labour from outside the UK. Don't blame baby boomers. Many people thought globalisation was a very bad idea years ago, and their reservations are just starting to be proved accurate now…

I fear things will get even worse for future generations. What can 'ordinary people' (middle and lower classes) do against such all-powerful, self-serving interests? Perhaps Mother Nature will step in with a global pandemic or other such?

A very valid point, however some of our European neighbours havent fallen into same trraps we have... Globalisation is certainly a factor, but it hasnt prevented others taking action to mitigate negative effects.

People could vote for investment and long term goals, instead the electorate proves time and again they'll only elect someone who will continue the housing bubble and cut taxes. I actually felt a little sorrybfor May taking so much flak for trying to have a grown up discussion about funding social care... I didnt agree with her policy, but I respected her putting an unpopular idea forward and trying to address a real problem.

economic

Rusty_Shackleton wrote: »

Ah, so people with different views have been indoctrinated? How patronising can you get? (thats not a challenge by the way, Ive no desire to see you sink any lower)

never said that. please reread what i actually said. also have a look at what they teach in the types of courses i mentioned. i have looked into it and it is not very pleasant. if you want a reason for a leftist revolution in the western world a good starting point are these university courses.

each person forms their political views through experience and genetics (IQ). the simple fact is that the less you have and the lower your IQ (i.e. generally do the types of courses i mention), the more you are prone to be a hard wing leftist.

economic

Rusty_Shackleton wrote: »

Again, if you'd read previous poss you'd know that I vote according to what I think is best for society, rather than what would probably benefit myself more directly and Ive also done charity work for many years in my life. What more would you suggest? I doubt theres anything I could do which you would consider satisfactory. What have you personally ever done/do you do?

ill answer this one as well. I have NEVER done any charity work apart from a small conservation project. i have also NEVER given to charity. i personally dont care what you think of me. i certainly dont feel ashamed or guilty.

Rusty_Shackleton

economic wrote: »

ill answer this one as well. I have NEVER done any charity work apart from a small conservation project. i have also NEVER given to charity. i personally dont care what you think of me. i certainly dont feel ashamed or guilty.

My qurstion was only aimed at cogito since he asked what i do, but thats your choice - at least youre honest about it. At the end of the day this is why i favour the state providing more and it funded through tax. Most people find it difficult to do as much as they probably should, but nobody finds it difficult to pay tax.... You dont get a choice haha.

economic

Rusty_Shackleton wrote: »

My qurstion was only aimed at cogito since he asked what i do, but thats your choice - at least youre honest about it. At the end of the day this is why i favour the state providing more and it funded through tax. Most people find it difficult to do as much as they probably should, but nobody finds it difficult to pay tax.... You dont get a choice haha.

i think you should study the laffer curve for some basics in economics. the points you make are just plain nonsense. you think raising taxes is the answer to any supposive problems, without any consequences. thats just silly.

economic

i think this is because of the closed minded linear thinking of some people, because the eduction system at university level has failed people like you. either that or low IQ is the issue.

you need to think more outside the box.

Rusty_Shackleton

economic wrote: »

i think you should study the laffer curve for some basics in economics. the points you make are just plain nonsense. you think raising taxes is the answer to any supposive problems, without any consequences. thats just silly.

Im well aware of the laffer curve, but the rate of tax that causes a decrease in revenue is very much open to debate. Before anyone mentions about the increase in receipts after the decrease in corporation tax, thats because companys deferred profits to take advantage. As for income tax, i call BS on the idea that people will move to avoid paying more tax, people are reluctant to move away from family and friends, and the area in which theyve settled. Thats why when individual US states have increased tax relative to neighbouring states, there isnt some mass exodus.

The laffer curve has its place in economic theory to examine a relationship, but in terms of government and policy, its just an excuse used by politicians to avoid taxing the rich. Like ive said before, if people want to pay less tax thats all they need to say, but they know they need excuses because on a societal level people know the majority pay too little for the level of services and society that we expect.

Rusty_Shackleton

economic wrote: »

i think this is because of the closed minded linear thinking of some people, because the eduction system at university level has failed people like you. either that or low IQ is the issue.

you need to think more outside the box.

So your reasoning for people (/me) not thinking like the majority of people in this country think, is that HE has stopped teaching people to think critically, and were the ones trapped in groupthink?

My only response is :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

Also, keep your opinions of my education to yourself. You dont know me. How unbelievably rude when the vast majority of things being discussed here are highly subjective.

economic

Rusty_Shackleton wrote: »

Im well aware of the laffer curve, but the rate of tax that causes a decrease in revenue is very much open to debate. Before anyone mentions about the increase in receipts after the decrease in corporation tax, thats because companys deferred profits to take advantage. As for income tax, i call BS on the idea that people will move to avoid paying more tax, people are reluctant to move away from family and friends, and the area in which theyve settled. Thats why when individual US states have increased tax relative to neighbouring states, there isnt some mass exodus.

The laffer curve has its place in economic theory to examine a relationship, but in terms of government and policy, its just an excuse used by politicians to avoid taxing the rich. Like ive said before, if people want to pay less tax thats all they need to say, but they know they need excuses because on a societal level people know the majority pay too little for the level of services and society that we expect.

i fail to understand the problem in the first place. what is being so underfunded? theres no point raising taxes to pay for something just for the hell of it.

i think it was labour who raised taxes over a decade ago and saw straight away tax revenues fall a lot. they quickly reversed it.

cogito

Rusty_Shackleton wrote: »

Again, if you'd read previous poss you'd know that I vote according to what I think is best for society, rather than what would probably benefit myself more directly and Ive also done charity work for many years in my life. What more would you suggest? I doubt theres anything I could do which you would consider satisfactory. What have you personally ever done/do you do?

Much, much more than you will ever know.