Hey there! Sign in to join this conversationNew here? Join for free

Should the highest rate of income tax be raised to 50% Watch

    Offline

    16
    ReputationRep:
    (Original post by Jammy Duel)
    It's too high in my opinion, it used to be 10%.

    Also it wasn't 97% in the 70s, it was 83% with a 15% surcharge on "investment income" and funnily enough the country experienced a brain drain and the tax didn't raise much money. I'll also present to you this chart (link in "this"

    I'm sure you can spot a trend in there.
    Yep, trend I can spot is increasing income inequality.
    • Thread Starter
    Offline

    3
    ReputationRep:
    (Original post by fleky6910)
    Unemployment was LOWER under thatcher than labour , I showed you this!
    Labour caused double digit inflation and unemployment. Thatcher fixed this mess. National debt fell , unemployment fell, gdp per rose, gdp per capita rose
    that's when her time was over. Throughout her reign unemployment was much greater than the preceeding labour government
    Offline

    3
    ReputationRep:
    (Original post by joe cooley)
    Indeed it is, and that is why i highlighted my use of the word decides.

    There have been periods in my life when work was hard to come by,mercifully few and far between so i know how hard it can be.

    However, the thought of living off benefits never entered my head.

    To suggest that Thatcher somehow turned decent hard working people into parasites happy to live off benefits is ridiculous.
    Dont let this deluded leftist brainwash u , look on the previous page and look at the facts I gave
    • Thread Starter
    Offline

    3
    ReputationRep:
    (Original post by fleky6910)
    No it wasn't, look at the graph you blind bat!
    yes it was and unemployment peaked in 1983
    Offline

    3
    ReputationRep:
    (Original post by RedManc)
    yes it was and unemployment peaked in 1983
    That was labours fault , she had to raise interest rates you moron. The increase was caused by labour, thatcher then cleaned their mess up. They caused double digit unemployment. It peaked thanks to labour and then thatcher reduced it! She inherited a bad economy and turned good by the end of her reign!
    • Thread Starter
    Offline

    3
    ReputationRep:
    (Original post by fleky6910)
    That was labours fault , she had to raise interest rates you moron. The increase was caused by labour, thatcher then cleaned their mess up
    Labour were out of power for 4 years in 1983
    Offline

    1
    ReputationRep:
    (Original post by RedManc)
    I know it might sound absurd, but the extent to which Thatcher ruined manufacturing and industry is quite severe.

    https://www.youtube.com/watch?v=rCOqOLZhemc

    Dear God!

    How long will the left be obsessed with Maggie?

    Wrap your head round these little nuggets......

    The Wilson government closed more coal mines than Thatcher.

    The Blair government gleefully opened the country up to unlimited cheap E.European labour, in the full knowledge that this cheap labour would drive and hold down the wages of Britain's lowest paid workers.

    Whats worse, screwing the working class, or screwing the working class while telling them you're looking after them?
    Offline

    3
    ReputationRep:
    (Original post by RedManc)
    Labour were out of power for 4 years in 1983
    Thanks to labour leaving inflation high , interest rates had to be raised , many inefficent industries were shut. Govrnment debt fell and then unemployment fell after the peak in 83. Evethough labour weren't in power, the damage was done in 79 ( their last year , thanks to keynesian economics so it was them who left it in double digits.) Thatcher raised interest rates so unemployment increased a bit and then gradually felll. It was labour who caused this and you have to be an idiot not to see this!
    • Thread Starter
    Offline

    3
    ReputationRep:
    (Original post by fleky6910)
    Thanks to labour leaving inflation high , interest rates had to be raised , many inefficent industries were shut. Govrnment debt fell and then unemployment fell after the peak in 83. Evethough labour weren't in power, the damage was done in 79 ( their last year , thanks to keynesian economics so it was them who left it in double digits.) Thatcher raised interest rates so unemployment increased a bit and then gradually felll. It was labour who caused this and you have to be an idiot not to see this!
    Heath was good at controlling inflation wasn't he?
    • Thread Starter
    Offline

    3
    ReputationRep:
    (Original post by fleky6910)
    Thanks to labour leaving inflation high , interest rates had to be raised , many inefficent industries were shut. Govrnment debt fell and then unemployment fell after the peak in 83. Evethough labour weren't in power, the damage was done in 79 ( their last year , thanks to keynesian economics so it was them who left it in double digits.) Thatcher raised interest rates so unemployment increased a bit and then gradually felll. It was labour who caused this and you have to be an idiot not to see this!
    The damage was done in 1979, Thatcher was elected
    Offline

    3
    ReputationRep:
    (Original post by RedManc)
    Heath was good at controlling inflation wasn't he?
    Don't support heath , he used keynesian economics, LABOUR policy , do your research
    • Thread Starter
    Offline

    3
    ReputationRep:
    (Original post by fleky6910)
    Don't support heath , he used keynesian economics, LABOUR policy , do your research
    I was being sarcastic. I meant that both Labour and Conservative could not deal with inflation properly in the 70's. Although, Callaghan did decrease inflation to single-digits
    Offline

    3
    ReputationRep:
    (Original post by RedManc)
    The damage was done in 1979, Thatcher was elected
    No , she saved Britain!
    Thatcher was elected to clean up labour mess , she was elected after the damage was done and she fixed it!!
    She sped up the rise in unemployment but this was inevitable as she raised interest rates.
    • Thread Starter
    Offline

    3
    ReputationRep:
    (Original post by fleky6910)
    No , she saved Britain!
    Thatcher was elected to clean up labour mess , she was elected after the damage was done and she fixed it!!
    She fixed nothing. She killed our manufacturing jobs, 3 million unemployed, welfare dependancy, multiple recessions, utility companies privatised. Not only did she make people unemployed, she cut their benefits.
    Offline

    12
    ReputationRep:
    (Original post by Jammy Duel)
    It's too high in my opinion, it used to be 10%.

    Also it wasn't 97% in the 70s, it was 83% with a 15% surcharge on "investment income" and funnily enough the country experienced a brain drain and the tax didn't raise much money. I'll also present to you this chart (link in "this"

    I'm sure you can spot a trend in there.
    Lol with regards to the chart, I've explained to you before why higher levels of inequality leads to the richest paying a higher perecentage of the total tax share, regardless of what the tax rates are.. it's pretty simple mathematics.
    Offline

    7
    ReputationRep:
    (Original post by years101)
    NO. It needs to be 25%. Taking money from hardworking individuals is not the answer. How about we encourage actually force those who sit on the sofa and eat away the the money of HARDWORKING individuals. Laziness should be a crime.

    Any socialists and deluded commies thinking of challenging me - shut up and wake up.
    Taking what you said, I'm going to assume that you are referring to those who are committing benefit over-payment fraud, and the estimates for the annual cost of benefit over-payment fraud was from 2013/4 (most recent I can find) £1.2bn. That might sound like a lot, but that accounts for 0.7% of the total expenditure of benefits, and even less for the whole income of the UK. Benefits fraud is not an economic problem because it's so small. While I don't have a source for this, I believe the estimated cost of means testing for benefits is >£3bn, so it's actually an economic advantage to keep the status quo, rather than fixing the problem, because it's so small and not a major concern.

    https://www.gov.uk/government/upload...al_Release.pdf
    Offline

    3
    ReputationRep:
    (Original post by RedManc)
    She fixed nothing. She killed our manufacturing jobs, 3 million unemployed, welfare dependancy, multiple recessions, utility companies privatised. Not only did she make people unemployed, she cut their benefits.
    No she made utility companies more efficient. Closed inefficient mines( had to be done). Curbed inflation , reduced national debt
    • Thread Starter
    Offline

    3
    ReputationRep:
    (Original post by fleky6910)
    Your a ****ing idot , wilson shut down more mines than thatcher
    i said manufacturing not mines
    Offline

    3
    ReputationRep:
    (Original post by RedManc)
    i said manufacturing not mines
    Uk industrial production was higher when thatcher left office

    • Thread Starter
    Offline

    3
    ReputationRep:
    (Original post by fleky6910)
    Uk industrial production was higher when thatcher left office

    that looks like us figures. most factories in the uk have shut
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Will you be richer or poorer than your parents?
    Useful resources

    Groups associated with this forum:

    View associated groups
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.