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    (Original post by hazzer1998)
    So you would let the poor suffer as a result of higher taxes ? That says it all real
    Nationalizing the Transport industry would be outrageous . meaning that the government will have to spend more money on things that could be done by a private company . meaning

    - Higher Taxes
    - less funding for more important areas such as Defense or healthcare
    Where have I said the poor should suffer? Higher taxes are a good idea but they should obviously be progressive. An 80% top rate would be a fantastic intermediate idea before taking radical steps to reform (don't spout the *******s 'removing incentives' line, this still allows for increases in post-tax income).

    Have you not seen the abject failure in the privatised transport industry? Any cost is being absorbed by the state by way of Network Rail (the payments to which by the private sector don't nearly cover the cost of), and privatising that without imposing heavy regulations leads to a giant standstill. Given the coordination problems in the railway industry, you absolutely need an objective, independent force to keep things running - and that cannot exist in the private sector.

    Nationalising the transport industry need not prevent it from being run at a profit - but this profit would be absorbed by the state, not by the private sector. Nationalising in this instance would save money.

    Also, you talk about defence like it's not already ridiculously overfunded.
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    (Original post by Kay_Winters)
    Would you prefer we stop funding the transport industry full stop, in order to lower taxes and decrease spending
    No because a private company can fund and provide the service
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    (Original post by hazzer1998)
    No because a private company can fund and provide the service
    But currently, despite it being privatised, we are funding massive improvement works
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    (Original post by hazzer1998)
    So you want to nationalize all schools now ?
    Where did I say that?

    I don't think private schools should exist. However, this shouldn't be achieved through abolition. Rather, it should be achieved through the free market mechanism - by making state schools better than private schools, or even as good as, there would cease to be any demand for private schools.
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    April 2017 ISA limit becomes £20k.

    Pensions/House lifetime ISA can save £4k per year with a 20% government contribution.

    Moving to a US 401k scheme.

    ..

    Very pleased. A budget for would be savers.
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    (Original post by Kay_Winters)
    But currently, despite it being privatised, we are funding massive improvement works
    Network Rail is public. Operations and infrastructure are split. The operators are loss making as a whole so there's no financial gain from nationalising.
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    (Original post by TheDefiniteArticle)
    Where have I said the poor should suffer? Higher taxes are a good idea but they should obviously be progressive. An 80% top rate would be a fantastic intermediate idea before taking radical steps to reform (don't spout the *******s 'removing incentives' line, this still allows for increases in post-tax income).

    Have you not seen the abject failure in the privatised transport industry? Any cost is being absorbed by the state by way of Network Rail (the payments to which by the private sector don't nearly cover the cost of), and privatising that without imposing heavy regulations leads to a giant standstill. Given the coordination problems in the railway industry, you absolutely need an objective, independent force to keep things running - and that cannot exist in the private sector.

    Nationalising the transport industry need not prevent it from being run at a profit - but this profit would be absorbed by the state, not by the private sector. Nationalising in this instance would save money.

    Also, you talk about defence like it's not already ridiculously overfunded.
    Then you would push the top rate tax payers out the country .....Transport should remain in private ownership .. Obviously the left don't care about defense so we might as well just abolish the whole armed forces is that what you want ?
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    2017 sees £11,500 and £45,000 tax thresholds.
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    (Original post by Rakas21)
    April 2017 ISA limit becomes £20k.

    Pensions/House lifetime ISA can save £4k per year with a 20% government contribution.

    Moving to a US 401k scheme.

    ..

    Very pleased. A budget for would be savers.
    Very happy with this indeed. He saved the best till last
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    A great budget .......
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    Just waiting for the PDF Now !!"!
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    Ughhhh Corbyn Now
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    Budget 2016
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    (Original post by The Financier)
    Very happy with this indeed. He saved the best till last
    Given low interest rates and the £1k interest allowance it occurs that he had to raise the ISA allowance to keep them relevant.

    ..

    Already 2 things wrong in Corbyn's reply.
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    (Original post by hazzer1998)
    Then you would push the top rate tax payers out the country .....Transport should remain in private ownership .. Obviously the left don't care about defense so we might as well just abolish the whole armed forces is that what you want ?
    No, it wouldn't. The issue of skills flight is dramatically overestimated by the right, especially if we implement rules taxing ownership of UK real estate by those people very heavily (which could be done).

    As for transport, you're repeating your usual argument tactic of just stating your belief over and over again... try something different maybe?

    I wouldn't get rid of them, but given the recent evidence of the limited effectiveness of overseas intervention (whether that's Iraq, Afghanistan or Syria), it's clear that the MoD as is is woefully inefficient, either in the sense of mis-spending money which is delegated to it, or being overfunded in terms of maximising net social benefit (either indicates state irrationality).
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    Very effective response so far, Corbyn is in his element in this context.
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    (Original post by TheDefiniteArticle)
    Very effective response so far, Corbyn is in his element in this context.
    It's been so effective that none of his backbenchers are paying attention.
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    (Original post by TheDefiniteArticle)
    Very effective response so far, Corbyn is in his element in this context.
    Not really an attack on the budget, more what was not in it. Preaching to the converted.
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    Sugar does not cause tooth decay.
    Phytic acid from grains does.

    Sugar does not cause obesity.
    Oils like sunflower oil, corn oil, cottonseed oil, vegetable oils cause it instead of consuming butter and coconut oil .

    We need a sunflower oil tax
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    Not that teachers had long enough hours anyway - an excellent idea to extend school hours.
    Academies will be a disaster and already are.
 
 
 
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