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Everything posted by HPC001

  1. HK also uses LVT to fund a lot of its government (the rate is 3%). Incidentally the Irish government plans to introduce it in 2013, although it isn't clear whether it will replace other taxes.
  2. Enough to provide for a family of five, so I guess that would include a house. Couldn't really put a price tag on it given the yearly fluctuations.
  3. How about not taxing them in the first place and saving on the bureaucracy? Someone on minimum wage pays 31% direct taxation, 20-40% tax on savings, 20% VAT on most items, another £1-2k council tax and that's before considering things like motoring.
  4. Hoovering up the money out of the economy to pay bank debt = less to circulate for trade = double-dip recession.
  5. Yes, and I've already debated the real estate issue to death on here. You could abolish benefits and rents\property prices would still increase to take most of what people earn. This is made worse by taxing wages to create infrastructure that pushes up real estate values and thus rents, causing the worker to pay twice. http://www.henrygeorge.org/pchp11.htm http://en.wikipedia.org/wiki/Law_of_Rent I'll cease posting now as it's obvious the discussion is going in circles.
  6. What makes you think high rents would cease just because of abolishing benefits? Ever heard of Ricardo's law? http://www.henrygeorge.org/pchp11.htm http://en.wikipedia.org/wiki/Law_of_Rent Until you deal with the land monopoly problem, you're not going to fix the real estate bubble.
  7. The entire thing, otherwise I wouldn't be wanting reform. Nope. Nothing, just that it's taxed and regulated to the hilt, and there is a historically low demand for labour at the moment. Not to mention the instability of what work is available (rent demands don't magically cease when a job contract does). I didn't suggest everyone should become subsistence farmers. Like being rack-rented while we struggle to pay our bills? Skilled workers having little left but McJobs to fight over in their hundreds? Indeed, like 31% of my pay disappearing into a black hole before I get it. Or the 20% VAT. etc etc. There used to be a time where a man could earn a living, and support an entire family on one job. Now two incomes are insufficient for the same thing. What exactly do you think the problems are then?
  8. I'm perfectly aware of that, having been on both sides of the jobcentre plus desks. The benefits system is overly complex (8,000 pages of guidance required for staff) and often fails those that actually need it. I should also point that I'm in support of the Single Tax and citizens dividend policies.
  9. Initially I thought being a smart, hard worker was in my interest. Now I'm completely disillusioned, and work because I have no other choice. Perhaps I'll be able to become self-sufficient (in a physical sense producing my own energy etc, not £££) some day. As for the point about alcoholism being the man's fault - wasn't that the reason he was eligible for benefit in the first place?
  10. You'd probably need 4-5 kids to be eligible for that much HB\LHA though... I'm surprised a wealthy person hasn't snapped this up if it's that good. Around here it's the opposite, 99% will say "No DSS".
  11. As opposed to pointlessly working for **** all other than a relatively meager existence? He has a wife, kids, a stable home, time to spend on whatever it is that he wishes to do etc. I have none of that. What I do have are unstable contract jobs, getting forced to move home an average of every 6 months and generally living hand to mouth with little room for error. I currently share a flat in an ex-council highrise with 3 other people. Would most people really pity the alcoholic? I'm not convinced. Not that I'm suggesting anyone does either way, merely trying to illustrate why the man may have given up on typical employment.
  12. Doesn't address the complaints being made here though.
  13. Alcohol addiction. Question is, why hasn't he been put on some kind of rehab scheme if that is the case? Or perhaps it's easier to treat him like garbage and mock him rather than attempt to fix the problem.
  14. http://www.webofdebt.com/articles/qe2_zimbabwe.php Puts a completely different light on QE2, and compares the US\Japan with Europe.
  15. It isn't just real estate these days either: "It seems that the major lesson from the financial crisis is that all paper investments, including suburban housing, no longer have realistic market price discovery. In other words, it is impossible to arrive at a real price for anything when artificial subsidies, restraints, or monopolistic cartels determine prices. The entire paper economy clearly has become a giant Ponzi-scheme, so true values cannot be determined or trusted with the available data." http://www.activistpost.com/2011/01/5-collapse-proof-investments-with.html
  16. Indeed, even a basic room around here swallows half your post-tax income (on minimum wage).
  17. Not so fun for us that never have a chance to build the necessary capital for buying...
  18. Occupational licensing is a severe problem, especially for those trying to start out or entrepreneur their way out of poverty. It also raises costs for everyone else due to the artificially constrained supply of services in that sector.
  19. £45k, as opposed to £2.3k on the dole (plus the inevitable homelessness when the landlord discovers it)...I know which I'd prefer.
  20. Taxation, cost of housing\transport = rip off Britain. Seeing as you're mandated to pay the first and need the other two in some form or another, there's no easy way to deal with it.
  21. Nor did I see the benefits of the supposed welfare client state that NuLab set up. I guess I was a mug to bother working at all...
  22. They conveniently leave out that the vast bulk of the welfare spend is on social care\pensioners, not doleys or single mums. In any case, I'd prefer my taxes to go to supporting actual human beings, not these viper banksters and the corporate-fascist bloodsuckers that deliver "public" services. As usual, nobody will pay attention to the usury behind the curtain, or the notable issues of land speculation, occupational licensing, the tax burden falling disproportionately on workers rather than landlords\corporations, and the lopsided implementation of pensions...
  23. Government schooling doesn't teach anyone how to be self-sufficient, only how to be consumers and 9-5 office drones. Occupational licensing either hampers or outright makes illegal a lot of grass-roots entrepreneurship. The small business-destroying practice of granting corporate giants like Tesco privileges such as tax abatements, zoning exemptions and development subsidies that are denied to smaller competitors. An average employee pays over a third of their income to the government in direct taxation alone, not to mention the employer NI, which further acts as a tax wedge between employees and employers. Since labour isn't an immovable lump, employers have to offer higher rates than would otherwise be the case, top it off with the job-destroying minimum wage and you have little incentive to hire at the low end. Of course, since young people (if you ignore parental handouts) have nothing to start with, they are usually forced to borrow at interest to start up an enterprise or afford occupational licensing costs. Given all of the above, and the way the banking system has hoovered up so much money recently, I'm not surprised at the high unemployment rate.
  24. I was quoting the annual fee figure, stop being such a grammar nazi Also, according to Lord Browne's proposal, the government will take some of the increased fees from the universities for any amount over £6,000 per year.
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