Brexit, the economy and house prices part 5

Filo25

Arklight wrote: »

Singapore is an oppressive tax haven for Chinese millionaires. Immigration of non millionaires is virtually nil. Freedom of the press is curtailed and possession of chewing gum is an offence.

That would probably suit you lot down to a tee.

Being a tax haven isn't really an easy option for larger economies anyway, it just ends up cannibalising more of your own tax base than you gain in taxing inflows of foreign wealth.

mayonnaise

Gavin Williamson on Theresa May : “I made her – and I can break her.”
Liz Truss takes a swipe at Michael Gove.
Business secretary slaps down foreign secretary for saying 'f business'
And now Moggy pipes up claiming recent business warnings were orchestrated by Hammond.
https://www.independent.co.uk/news/uk/politics/philip-hammond-brexit-jacob-rees-mogg-remain-eu-withdrawal-tory-conservatives-a8419371.html

This government is about to implode, innit?

mrginge

ilovehouses wrote: »

Don't be silly. It's patently obvious they're relevant. The question is whether long terms gains are sufficient to outweigh short term losses.

It's cost-benefit analysis lesson 1.

What short term losses?

Since the original point made was that the electorate only care about tangible effects I would like realised costs please not opportunity cost.

mrginge

mayonnaise wrote: »

Gavin Williamson on Theresa May : “I made her – and I can break her.”
Liz Truss takes a swipe at Michael Gove.
Business secretary slaps down foreign secretary for saying 'f business'
And now Moggy pipes up claiming recent business warnings were orchestrated by Hammond.
https://www.independent.co.uk/news/uk/politics/philip-hammond-brexit-jacob-rees-mogg-remain-eu-withdrawal-tory-conservatives-a8419371.html

This government is about to implode, innit?

Yes we are going to have an election and end up in exactly the same position.

Lornapink

ilovehouses wrote: »

How do you find space in your heart to care so much about others?

Some might say you'll say anything to argue against foreigners coming here and aren't afraid to embarrass yourself by crawling to the top of Moral Mountain and virtue signal. Not me - you're an inspiration.

Yea it's a tough one, encouraging more developing world Docs n nurses to come to wipe my over entitled bottom, vs training our own so that Africa's scarce Human resources aren't plundered which further hinders their development, mmm, it's a real tough moral choice that.


Maybe you're right, those African babies with cystic fibrosis that need 24/7 care or writhe in agony can go wait their turn, I'm entitled to even more of the worlds Doctors.

Lornapink

mayonnaise wrote: »

This government is about to implode, innit?

Far as I can tell you've been saying this on and off for an age, still waiting. If I were you I'd be more concerned at the turmoil in the EU, with Merkel close to loosing authority, Hungary & others willing the EU to test their resolve, Italy turning away boats, and not forgetting the mass rise of populism leading to wholesale ejections of the smug, liberal, governing class.

Lornapink

phillw wrote: »

What do you do to a factory that is unreliable, when there is an option of opening a reliable factory in another country????

So we're back to Remainer small minded capitulation in the face of challenge.
Leavers on the other hand know that if it really comes to the crunch, mitigation through policy will mean big firms remain here, for example sectorial corporation tax cuts. Also you've been made aware of plenty of plant relocating OUT of Germany and yet you simply ignore this fact, why?


Why is your reflex response always to doom and despair, I just don't get it?

Thrugelmir

buglawton wrote: »

Hint:
UK annual GDP/head: $39,921
Singapore annual GDP/head: $55,241$

Can I see UK politicians taking their sticky meddling politically motivated fingers off our economy to allow more rationality? OK, now you've got me.

Applies to the West in general. To admit that the Singapore model is better. Would meam admitting that the West has got it totally wrong! Requiring a complete sea change of approach. That includes the EU.

buglawton

Arklight wrote: »

Singapore is an oppressive tax haven for Chinese millionaires. Immigration of non millionaires is virtually nil...

Easy to fling words isn't it?

While the UK is the home par excellence for foreign billionaires, no questions asked except do you have the £2m.
https://www.theguardian.com/uk-news/2017/jul/04/golden-visa-immigration-deal-british-citizenship-home-office

Several countries in the EU offer a similar but cheaper scheme, the UK price reflects the sheer desirability of the location especially London.

Filo25

Thrugelmir wrote: »

Applies to the West in general. To admit that the Singapore model is better. Would meam admitting that the West has got it totally wrong! Requiring a complete sea change of approach. That includes the EU.

The Singapore low tax model is great if you are a small country where the amount you earn from cash inflows from overseas dwarves the amount lose from lowering the tax rates and cannibalising your own tax base, so hardly a relevant model for the UK.

I'm not sure enough of the British public fancies seeing public services hacked to pieces to cover the tax cuts required to see us recreate the libertrian low tax paradise some seem to fantasise over.