15% VAT

LEQ · Post by **LEQ** » Mon Dec 01, 2008 11:02 am

Pre-Thought Process wrote:
LEQ wrote:Heh, I'm not too far away, KT20 is moi. It was facking heaving on Saturday, you from there? Been here about 6 months now, all good.
I work in the Town of Kings. KT20, thats around Tadworth innit? Shit, I thought I was in the sticks being in Motspur Park

Haha, where abouts? I like Kingston, one of the nicer places I've been to so far. Yeah I'm in Tadworth basically, commuter time

elbe · Post by **elbe** » Mon Dec 01, 2008 11:20 am

kins83 wrote:Yeah eLBe, I see what you're saying, and I do understand the need for a cash injection for the etail sector. It's just that at a time when people don't have a lot to spend, are they really going to be encouraged by a saving of around £5 on a £250 TV?

Not really sure what the solution is, or if there even is a solution. There is Boom, and there is Bust. That is what happens, it's cyclic. I don't think there is anything that can be done to prevent this, and I don't think the economy can be jump started by people being 'forced' into spending their money.

Also - another thing to grumble about. That 40 - 45% tax hike for high earners is a joke too. I mean, I'm not on anywhere near that sort of money at the moment, but I want to be a six figure salary at some point in my life, and feel that I can be. So if I put in the work, absolutely working my bollocks off to get where I want to be, then to thank me, a higher proportion of my salary goes to the government? Pffffffft.

And they say this is the fairest way? Bollocks. The fairest way, in my opinion, is that everyone pays the same rate of tax.

/Rant

yeah might not kick start teh economy again but hopefull mean we don't fall too far.

ans as for tax, I fully belive the richer you are the more you should pay, I would have the top rate closer to 60%. it's not about fairness it is about what you are able to contribute, and people on that kinda money should and can contribute more.

kins83 · Post by **kins83** » Mon Dec 01, 2008 11:42 am

eLBe wrote:
kins83 wrote:Yeah eLBe, I see what you're saying, and I do understand the need for a cash injection for the etail sector. It's just that at a time when people don't have a lot to spend, are they really going to be encouraged by a saving of around £5 on a £250 TV?

Not really sure what the solution is, or if there even is a solution. There is Boom, and there is Bust. That is what happens, it's cyclic. I don't think there is anything that can be done to prevent this, and I don't think the economy can be jump started by people being 'forced' into spending their money.

Also - another thing to grumble about. That 40 - 45% tax hike for high earners is a joke too. I mean, I'm not on anywhere near that sort of money at the moment, but I want to be a six figure salary at some point in my life, and feel that I can be. So if I put in the work, absolutely working my bollocks off to get where I want to be, then to thank me, a higher proportion of my salary goes to the government? Pffffffft.

And they say this is the fairest way? Bollocks. The fairest way, in my opinion, is that everyone pays the same rate of tax.

/Rant

yeah might not kick start teh economy again but hopefull mean we don't fall too far.

ans as for tax, I fully belive the richer you are the more you should pay, I would have the top rate closer to 60%. it's not about fairness it is about what you are able to contribute, and people on that kinda money should and can contribute more.

That surprises me mate. Why should it not be fair? People on more money do contribute more if, even if everyone paid the same tax rate.

And you say it's not about fairness, but surely that should be a driving factor in deciding? I think 45% is a fucking piss take as it is, at 60%, shit, even I might be tempted to riot lol. I just can't see how you can consider if fair that someone has more than half of their salary taken off them.

Maybe I'm too right wing but I feel that if you have put the work in to become a success, then you deserve the same proportion of your salary to go into your acount as someone on a middle income.

I sense that this is something you and I wil not agree on lol!

pre-thought process · Post by **pre-thought process** » Mon Dec 01, 2008 11:50 am

LEQ wrote:
Pre-Thought Process wrote:
LEQ wrote:Heh, I'm not too far away, KT20 is moi. It was facking heaving on Saturday, you from there? Been here about 6 months now, all good.
I work in the Town of Kings. KT20, thats around Tadworth innit? Shit, I thought I was in the sticks being in Motspur Park
Haha, where abouts? I like Kingston, one of the nicer places I've been to so far. Yeah I'm in Tadworth basically, commuter time

I'm at a publishing company on Kingston Rd. (On the outskirts, basically Norbiton) You working or studying?

deamonds · Post by **deamonds** » Mon Dec 01, 2008 11:55 am

they should go back to their records, find out who lent the fucking money out in the 1st place & drill the cunting bankers...stnuc

pre-thought process · Post by **pre-thought process** » Mon Dec 01, 2008 11:59 am

deamonds wrote:they should go back to their records, find out who lent the fucking money out in the 1st place & drill the cunting bankers...stnuc

This. And legalise the Lemon!!!!!

Imagine how much they could make off tax on green. And everyone gets as much as highgrade as they can possibly puff.

yooamatwa · Post by **yooamatwa** » Mon Dec 01, 2008 12:18 pm

Thing that pisses me off is along time ago the EU set the base rate of VAT for us at 15%. The last gov raised it to 17.5% and labour have had what? a decade to lower it to 15%. They can't even go below 15% without the EU's say so, i guess it shows you who really runs this country.
They should of cut income tax or payroll tax... bunch of crooks

manray · Post by **manray** » Mon Dec 01, 2008 12:25 pm

All the big earners are non domicile anyway so the high rate increase is only expected to bring in something dumb like £1.6bn, compared to the VAT which will cost like £12bn.

All these tax cuts are a fucking waste of time because overall they are INCREASING taxes, so what's the fucking point? They are just re-arranging how you get taxed.

elbe · Post by **elbe** » Mon Dec 01, 2008 12:52 pm

kins83 wrote:
eLBe wrote:
kins83 wrote:Yeah eLBe, I see what you're saying, and I do understand the need for a cash injection for the etail sector. It's just that at a time when people don't have a lot to spend, are they really going to be encouraged by a saving of around £5 on a £250 TV?

Not really sure what the solution is, or if there even is a solution. There is Boom, and there is Bust. That is what happens, it's cyclic. I don't think there is anything that can be done to prevent this, and I don't think the economy can be jump started by people being 'forced' into spending their money.

Also - another thing to grumble about. That 40 - 45% tax hike for high earners is a joke too. I mean, I'm not on anywhere near that sort of money at the moment, but I want to be a six figure salary at some point in my life, and feel that I can be. So if I put in the work, absolutely working my bollocks off to get where I want to be, then to thank me, a higher proportion of my salary goes to the government? Pffffffft.

And they say this is the fairest way? Bollocks. The fairest way, in my opinion, is that everyone pays the same rate of tax.

/Rant

yeah might not kick start teh economy again but hopefull mean we don't fall too far.

ans as for tax, I fully belive the richer you are the more you should pay, I would have the top rate closer to 60%. it's not about fairness it is about what you are able to contribute, and people on that kinda money should and can contribute more.
That surprises me mate. Why should it not be fair? People on more money do contribute more if, even if everyone paid the same tax rate.

And you say it's not about fairness, but surely that should be a driving factor in deciding? I think 45% is a fucking piss take as it is, at 60%, shit, even I might be tempted to riot lol. I just can't see how you can consider if fair that someone has more than half of their salary taken off them.

Maybe I'm too right wing but I feel that if you have put the work in to become a success, then you deserve the same proportion of your salary to go into your acount as someone on a middle income.

I sense that this is something you and I wil not agree on lol!

yeah def never gonna agree on this

tbh, i find it rather sick that anyone can get payed that kinda cash.

and yeah they will pay more if they earn more on a level % but it is still much easier for the to affor that % than a lower earner. imo tax the rich so the poor can live makes sound sense to me, especially as, no matter how hard you "work" to get there the chances are the only reason you are getting payed that kinda money is coz of the the poor fucks at teh bottom of the pile supporting you.

then I am a socialist at heart so....

Whistla · Post by **Whistla** » Mon Dec 01, 2008 2:18 pm

this has developed into a top thread!

re. the tax issue - taxing the rich, if people are earning 6 figures, and all they have dun is cock suck and bum lick to get there ie. they dont work out in the sewers doing "dangerous work" but instead work in these jobs that have themselves made this situation (bankers, hedge fund managers etc.), i think they should foot the bill. Thats my personal opinion.

Yes! to the idea of making lemon legal, this wud not only make HUGE amounts of revenue for the govt in taxes, but also help out countries where this could become a serious cash crop! Basically it shud have been done in the 60's. But dont get me started on that 1! lol

yeh income tax wud have defo made a difference to my pocket this winter, VAT reduction basically means nothing to me in terms of trying to make me spend more. I am still gonna save and adopt my parents approach of spend only when needed (they have seen far more busts than me and they seem to have weathered them ok).

this is defo a time to look @ what happened in the previous severe reccessions and make neccessary arrangements to protect yourself. The govt wont do nothing to help you, they are looking at a big picture which doesnt involve looking after you but rather looking after businesses and industry. yes we all work for sum1, but if you dont have a roof over your head you dont really give a shit about how big international conglomerates are doing.

deamonds · Post by **deamonds** » Mon Dec 01, 2008 2:20 pm

on the + its a bit easier to work it out now...i used to find 10 percent, half it, then half that...now you just find 10 percent, then half it

RubiconMan · Post by **RubiconMan** » Mon Dec 01, 2008 2:27 pm

this is certainly the right time to buy that jet ski or 62" plasma TV !

this is what happens if the only measure of success is percentage increase in turnover/profits. can't have growth and inflation every year ... this period is just the flip side to the disgusting profits made in the past few years.

its all set up in an unsustainable and basically incorrect way

surface_tension · Post by **surface_tension** » Mon Dec 01, 2008 2:27 pm

I think rather than debating the levels of taxation, you should be debating whether or not you should have an open revolt over the mere existence of a tax on goods at all. Who the hell do the government think they are, needing a cut of every hard earned sale you make?

RubiconMan · Post by **RubiconMan** » Mon Dec 01, 2008 2:29 pm

Surface_Tension wrote:Who the hell do the government think they are, needing a cut of every hard earned sale you make?

the safe and stable country needed to make that sale?
go sell your wares in some lawless jungle if u dont wanna be taxed

deamonds · Post by **deamonds** » Mon Dec 01, 2008 2:30 pm

Are-K142 wrote: lawless jungle

i like

elbe · Post by **elbe** » Mon Dec 01, 2008 2:32 pm

I agree we need taxs but think we need a revolt as well, it is time we cleared parliment out and installed a new group, on less pay and less benifits...and get rid of the Royal's, blood sucking fuckers, no wonder we have a problem with people sponging of the state when our head of state is doing exactly that.

daggus · Post by **daggus** » Mon Dec 01, 2008 2:37 pm

think it'll take more than clearing parliement. those idiots dont really run the world anymore

yooamatwa · Post by **yooamatwa** » Mon Dec 01, 2008 3:33 pm

eLBe wrote:I agree we need taxs but think we need a revolt as well, it is time we cleared parliment out and installed a new group, on less pay and less benifits.

Yeah i agree. I think we need less government and less centralisation, there are to many people on the states payroll.

dr ddd · Post by **dr ddd** » Tue Dec 02, 2008 5:29 pm

but doesn't a vat cut helps the wrong people/increase spending in the wrong parts of the industry?! it helps the big companies that have a sufficient turnover already to be vat registered. The people being hit really hard, in both the service and retail industry, are the smaller independent companies and freelancers/self employed.

it's not just retail - i went out for a meal with my mum last friday on a major street of restaurants near mine. There's this local family run Italian that does the most amazing steaks which are really resonable - 6months ago you would have to book a table at least 3 or 4 days in advance even on a weeknight. We walked past at 8pm and it was empty...... everywhere was dead... in the main high street in brighton on a friday night - it was odd....

a cut in income tax and people may be more likely to treat themselves by going out for a pint and meal or ordering a local takeaway... apparently, if anything, supermarket food sales have increased anyway due to people staying in....

manray · Post by **manray** » Tue Dec 02, 2008 5:40 pm

dr ddd wrote:a cut in income tax and people may be more likely to treat themselves by going out for a pint and meal or ordering a local takeaway... apparently, if anything, supermarket food sales have increased anyway due to people staying in....

They should have just raised the personal allowance and everyone would have seen a nice chunk of extra cash per month. What would they do? Spend that shit. The money is going back into the system anyway.

15% VAT

Who is online