Deeper cuts or higher taxes or more borrowing? POLL
Poll
Which would you prefer?
Which would you prefer to see?
I would prefer much deeper cuts and much lower taxes.
I would prefer much deeper cuts and much lower taxes.
(edited 11 years ago)
Scroll to see replies
Tax the rich, job done.
Probably the cuts, if it had to be one or the other.
Although cuts plus actually collecting tax from people who owe it and haven't paid it might be a good idea.
Although cuts plus actually collecting tax from people who owe it and haven't paid it might be a good idea.
(edited 11 years ago)
Original post by jaydoh
Tax the rich, job done.
What happens when the rich get fed up of having so much of their money being taken from them and bugger off to another country?
Original post by Aspiringlawstudent
What happens when the rich get fed up of having so much of their money being taken from them and bugger off to another country?
If they're so rich and can afford it/won't miss it like some then it won't matter will it.
Original post by Aspiringlawstudent
What happens when the rich get fed up of having so much of their money being taken from them and bugger off to another country?
Although I agree with much deeper cuts much lower taxation, I have always found this argument highly unconvincing.
And not just tax cuts, the whole tax code needs to be simplified, we have extremely high administration costs in collecting tax (around 1% of tax revenue!)
(edited 11 years ago)
Original post by jaydoh
If they're so rich and can afford it/won't miss it like some then it won't matter will it.
...what?
I mean where do you get the money from when the rich leave because they don't want to be taxed so highly?
Original post by Aspiringlawstudent
...what?
I mean where do you get the money from when the rich leave because they don't want to be taxed so highly?
I mean where do you get the money from when the rich leave because they don't want to be taxed so highly?
That's my point-they won't leave.
Lower cuts, start claiming the money still owed by corporations (e.g. Vodafone with their 6m unpaid tax bill).
Stop demonising the underclass and those on benefits for being a drain on the country when the financial hit of tax evasion by the rich is worse than that of giving the impoverished (by UK standards) money to help them survive.
Stop demonising the underclass and those on benefits for being a drain on the country when the financial hit of tax evasion by the rich is worse than that of giving the impoverished (by UK standards) money to help them survive.
Original post by jaydoh
That's my point-they won't leave.
What if they did, however? Don't dodge the question by saying 'it won't happen'.
Original post by Alofleicester
Lower cuts, start claiming the money still owed by corporations (e.g. Vodafone with their 6m unpaid tax bill).
Stop demonising the underclass and those on benefits for being a drain on the country when the financial hit of tax evasion by the rich is worse than that of giving the impoverished (by UK standards) money to help them survive.
Stop demonising the underclass and those on benefits for being a drain on the country when the financial hit of tax evasion by the rich is worse than that of giving the impoverished (by UK standards) money to help them survive.
How much money will this actually bring in, after legal costs etc?
Original post by Aspiringlawstudent
How much money will this actually bring in, after legal costs etc?
All of it, if the court makes the corporations pay all the legal fees
Original post by zaliack
All of it, if the court makes the corporations pay all the legal fees
No, I mean how much money is it? £1bn? £15bn? £100bn?
Or do you not know?
I often find people want to say we can afford to spend x billion on this and y billion on that, but are unable to say where it comes from.
Original post by meenu89
More cuts. It will have to happen sooner or later anyway.
I could not fail to disagree with you less.
Original post by Aspiringlawstudent
No, I mean how much money is it? £1bn? £15bn? £100bn?
Or do you not know?
I often find people want to say we can afford to spend x billion on this and y billion on that, but are unable to say where it comes from.
Or do you not know?
I often find people want to say we can afford to spend x billion on this and y billion on that, but are unable to say where it comes from.
I didn't mention the corporation thing, I was just butting in
but what I think would be a good idea is to borrow something like £5bn and use it all for houses etc and then sell the houses off for enough profit to counteract the interest on the loans.
Original post by Aspiringlawstudent
How much money will this actually bring in, after legal costs etc?
Simply, I don't know exactly how much, but it'll certainly be enough to make a nice dent in the deficit.
Original post by Alofleicester
Simply, I don't know exactly how much, but it'll certainly be enough to make a nice dent in the deficit.
How can you be so sure if you don't know the amount
Are you simply guessing?
Do you know even roughly? Is it in the billions?
Original post by jaydoh
Tax the rich, job done.
Also, who is 'rich'?
What level of income classes one as rich?
How many of these people are there in the UK?
How much money would your proposed tax rate generate, assuming none of them left?
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