Scottish Government moving the goalposts

[Taintedice]

I wouldnae....but it's irrelevant to me....I just think the best people to spend money is the person who earns it.

Income tax was a temporary tax measure to pay for the Napoleonic wars if I mind right....bit like temporary lockdoon��

Income tax exists to control inflation and keep prices low, it doesn't actually pay for anything. Do you want hyper-inflation in the UK?

[BCram]

Income tax exists to control inflation and keep prices low, it doesn't actually pay for anything. Do you want hyper-inflation in the UK?

Income Tax provides about 25% of all tax revenues for the UK government. The method for controlling inflation is interest rate management. Inflation starts to rise, put the interest rate up to stifle demand. Keep putting it up until the economy is strangled and everyone is knackered then once the rate of inflation has fallen back, drop interest rates to help revive the economy that has just been strangled near to death.

That used to be the way things worked.

Since 2008 when Gordon Brown saved the financial sector with massive government injections of cash, interest rates have been very low, and much below trend rates. Some mumbo jumbo about Keynesian economics where governments were originally encouraged to borrow money to "invest" in infra-structure projects has been subverted to allow the financial sector to invest in stock markets around the world. The original idea of creating employment for manual workers who had money to spend in local shops and on local services has completely disappeared. Governments are bullying everyone because they are creating money. Needs a re-think IMO, but I would not go so far as to advocate state ownership or communism.

[Taintedice]

Since 2008 when Gordon Brown saved the financial sector with massive government injections of cash, interest rates have been very low, and much below trend rates. Some mumbo jumbo about Keynesian economics where governments were originally encouraged to borrow money to "invest" in infra-structure projects has been subverted to allow the financial sector to invest in stock markets around the world. The original idea of creating employment for manual workers who had money to spend in local shops and on local services has completely disappeared. Governments are bullying everyone because they are creating money. Needs a re-think IMO, but I would not go so far as to advocate state ownership or communism.

No-one battled an eyelid when Brown bailed out the banks. If it were covid he was dealing with, the right-wing press, the BBC and most especially the tories would be going mental at the sums being borrowed, even though the Bank of England has created it all by pushing a few buttons.

[BCram]

No-one battled an eyelid when Brown bailed out the banks. If it were covid he was dealing with, the right-wing press, the BBC and most especially the tories would be going mental at the sums being borrowed, even though the Bank of England has created it all by pushing a few buttons.

I think you are wrong. Brown would have taken the same approach as Sunak and Johnston took, and the support would have been the same. How you can think that the BBC and the Tories would have acted any differently if Labour had been in power depresses me. There is no inherent evil in Conservative thinkers and Socialist thinkers IMO. They have different ideas for economic growth but in a democracy no party can afford to focus solely on their core voters. I think the SNP struggle because they are so exclusive in focusing on independence.

[islaydarkblue]

No-one battled an eyelid when Brown bailed out the banks. If it were covid he was dealing with, the right-wing press, the BBC and most especially the tories would be going mental at the sums being borrowed, even though the Bank of England has created it all by pushing a few buttons.

Consequential funding not pushing a few buttons.

[Returnofrros]

I didn't think iScotland was allowed to join the EU, hard to keep track. Brexit won't bed down till the tories actually implement it, which at present is Jan 2022. Not forgetting the EU is currently taking legal action as the tories have unilaterally abandoned the NI protocol. And wait till people are stuck in airport queues for 5 hours, they dodged a bullet there with the covid restrictions.

Airport queues🤣

[Taintedice]

Airport queues��

Gonna be mayhem if we're ever allowed to go abroad, I reckon the tories will ban folk from ever going back to Spain unless it's a couple of dozen at a time although rich people are still allowed to go, what a surprise

[eric_sinclair]

I wouldnae....but it's irrelevant to me....I just think the best people to spend money is the person who earns it.

Income tax was a temporary tax measure to pay for the Napoleonic wars if I mind right....bit like temporary lockdoon😁

Lockdoon??
Some fowk are loving this.
Tinternet full of scientists and economic experts.
Pubs open soon tho.
Bet some hope they dinna tho.

[Returnofrros]

Gonna be mayhem if we're ever allowed to go abroad, I reckon the tories will ban folk from ever going back to Spain unless it's a couple of dozen at a time although rich people are still allowed to go, what a surprise

Spain and Portugal will want people spending ASAP.....they won't **** about.

The exemptions are interesting.

Gonna be a lot of kiddy on property sales.

Looks like you are allowed to go if putting a property on the market.

[Taintedice]

Spain and Portugal will want people spending ASAP.....they won't **** about.

The exemptions are interesting.

Gonna be a lot of kiddy on property sales.

Looks like you are allowed to go if putting a property on the market.

Only saw it briefly, you can get an exemption from the fine if you want to go over and buy a caravan, then you can go back over and prepare it for rental a few months later, repeat that process every year. Prices of property in Spain will skyrocket