Rich get richer poor get ripped off

Discussion in 'Bulletin Board ARCHIVE' started by Jimmy viz, Jun 16, 2014.

  1. Jimmy viz

    Jimmy viz Well-Known Member

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    Jimmy viz, Jun 16, 2014
    #1
  2. John Peachy

    John Peachy Well-Known Member

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    Aye, just read that myself ... people don't think about the impact of VAT in particular.
     
    John Peachy, Jun 16, 2014
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  3. MarioKempes

    MarioKempes Well-Known Member

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    I haven't been misled I already know that I am being ripped off however I do think that if you took VAT out of these figures they would possibly look a bit different.
     
    MarioKempes, Jun 16, 2014
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  4. wil

    wilkojohnson Active Member

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    Taxation is taxation, whether it is direct taxation or indirect taxation
    .
    Indirect taxation has a significantly bigger impact on those less able to afford it.

    There has been a significant shift in recent years from direct taxation to indirect taxation.

    No wonder the rich are getting richer.

    Rant over

    This was started by the tories but not only were labour acquiescent to this they also promoted/endorsed this



    S
     
    wilkojohnson, Jun 16, 2014
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  5. tyr

    tyrone1 Banned Idiot

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    Abolish income tax increase vat to 30% simple
     
    tyrone1, Jun 16, 2014
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  6. wil

    wilkojohnson Active Member

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    Well done comrade.

    You've just made the richer even richer and the poorer even poorer.

    Even simpler.
     
    wilkojohnson, Jun 16, 2014
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  7. MarioKempes

    MarioKempes Well-Known Member

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    I think that would have the opposite effect to what the OP is proposing.
     
    MarioKempes, Jun 16, 2014
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  8. tyr

    tyrone1 Banned Idiot

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    How come those with more spend more it would provide. A massive boost to.the economy
     
    tyrone1, Jun 16, 2014
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  9. Jay

    Jay Well-Known Member

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    Your proposal of increasing VAT will increase the price of everything. In your opinion that will mean people will buy more stuff. Is that what you're saying?
     
    Jay, Jun 16, 2014
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  10. Farnham_Red

    Farnham_Red Administrator Staff Member Admin

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    I would say that moving everything to direct taxation so that all goods are now 20% cheaper would be much more likely to give a boost to the economy
    Also people would travel here to buy things cheaper, companies would relocate here to ship goods etc etc

    Direct taxation is also inherently fairer
     
    Farnham_Red, Jun 16, 2014
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  11. tyr

    tyrone1 Banned Idiot

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    No income tax will mean people. Have more money
     
    tyrone1, Jun 16, 2014
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  12. wil

    wilkojohnson Active Member

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    Oh aye course they will.................

    Minimum wage (assuming 40 hrs per week & over 21) - will have a whopping £12 per week to blow
    Minimum wage under 21 will have nowt extra

    Oh and the greedy bankers will have so much cash to spend that they will probably buy an overseas apartment in the Spain or elsewhere....nice boost to our economy....NOT
     
    wilkojohnson, Jun 16, 2014
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  13. MarioKempes

    MarioKempes Well-Known Member

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    Because this is about the proportion of earnings that is tax and the less well off are more affected by VAT so putting it up would affect the lower income group disproportionately.
     
    MarioKempes, Jun 16, 2014
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  14. tyr

    tyrone1 Banned Idiot

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    Whats wrong with man it in street.winning

    Why do.we always have to surprise them
     
    tyrone1, Jun 16, 2014
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  15. MarioKempes

    MarioKempes Well-Known Member

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    But they don't win with a VAT rise to 30%, they lose every time they buy something and as those on lower incomes spend more of their disposable income than the rich its not the answer.
     
    MarioKempes, Jun 16, 2014
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  16. Jimmy viz

    Jimmy viz Well-Known Member

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    Err because the man in the street would lose....


    Sent from my iPad using Tapatalk HD
     
    Jimmy viz, Jun 16, 2014
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  17. MarioKempes

    MarioKempes Well-Known Member

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    The treasury win every time.
     
    MarioKempes, Jun 16, 2014
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  18. jedstar

    jedstar Well-Known Member

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    I do wonder what the government and it's local subsidiaries do with our money.

    Most of us are PAYE, out of our already taxed income we have council tax, the cost of fuel is mostly tax, VAT, and loads of other little one-off taxes on various things we might buy throughout the year...car tax, carbon taxes on flights etc.

    Then the government says they have no money.
     
    jedstar, Jun 16, 2014
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  19. MarioKempes

    MarioKempes Well-Known Member

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    It costs a fortune financing our benefits system. ;)
     
    MarioKempes, Jun 16, 2014
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