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House Price Crash Forum


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Everything posted by Cogs

  1. A rather trivial argument and not even true at that. Global competition between tax jurisdictions just means competing to avoid dealing the consequences of the externalities you create and free riding on others. Markets cost money to create and regulate; they require infrastructure, the enforcement of property law, the enforcement of contract law etc etc. It has nothing to do with the size of the state and there is more, at the margin, in life than "the economy".
  2. I don't believe thats true actually, boomers will certainly get more out of the state than they've ever paid in, unlike anyone younger than them today. I'm just saying the cycle of accepting that your children will have less than you enjoyed needs to be broken now. Its only been one generation so far that has decided this is ok, its vital this gets nipped in the bud becomes a new cyclical thing making life worse and worse for all successive generations. This needs to be stated explicitly because its quite clear what happens to 'informal' covenants. They may hold for hundreds of years but it only takes one bunch of bad apples to pretend nobody told them and it all goes to pot. I don't believe a national sense of purpose would be a terrible thing either. Might even make the next 30 years almost bearable if it seemed it was going somewhere.
  3. The BBC has always sided with the state and the establishment. This has little to do with tribal (and rather American) take on left/right politics or sectors. The Glasgow Media Group showed this distinction years ago back when Maggie was in power and attempting to suppress BBC news from reporting unemployment statistics by breaking the pre-existing political consensus on not stacking the BBC governors/directors or whatever it was then. Despite all this going on, they moved into line on the Falklands fairly neatly which given the climate of the time wouldn't be at all consistent as a political position. They do love the NHS but then they also love the armed forces, the police, Oxford, Cambridge, even the Royal Society, the monarchy, the C of E etc. and won't say anything against any of them.
  4. Is it a special economist's technique to pretend businesses won't pay any tax ever again? And we assume all that becomes payable simultaneously by the same extant households as well? Is this like the 1st of April pension fund calculation?
  5. I think the opposite for the reasons stated in my post.
  6. Don't tell anyone but most of it comes from this week's Private Eye Which back references when they first reported ages ago. I think George is going to be sent on his bike to the newsagents to buy an Economist next. Stay tuned for further revelations!
  7. Can anyone tell me what is supposed to be new or previously hidden in that list?
  8. Why not just start importing them again? We're in desperate straits, at least the retailers should pay tax in this country, I think worrying about where their stock comes from has been and gone as a realistic concern.
  9. I'd sooner cut a year's worth of procurement, ~160 billion. Just take a year off buying things or starting any projects.
  10. Framed around parents isn't it, not children. Which is the problem really. Not all children have good parents who care for them as much as they should nor do they have the means of supporting them. Its a value judgement in the end but I don't think they should be abandoned. How we treat children is a reflection of our society. They are the only thing that really counts as hope these days, obvious as it may seem. I'd be happy to more in tax if it was fully hypothecated. However I'm not sure this is the same thing as providing money for beer and fags to adults on the basis of breeding. I don't have children myself, its one of those ironies that its people who do who are the most angry about this sort of thing which is understandable and relates to the reason why women were always traditionally right-wing voters (across the west as a whole, not just here) when it came to politics. Unlike you I don't care more about your children than anyone else's, logically enough. Anyhow, I'd take away this sort of thing and just have universal free school breakfast + lunch for example. I'd also like to see more offered to young adults leaving care which I think, relative to cost, is really lowest hanging fruit in the whole 'broken britain' scenario but nobody speaks for them. What is really important is this: its no use blaming the greedy boomers if we don't try and reverse their mentality. We have to try very hard to make the future better than the present. If you're a Formula 1 fan the analogy will be clear and apologise to everyone else: time to stop now and start developing next year's car instead. Its how countries and societies gain strength. Anything else is managed decline and despair for which a small amount of tat today vs. an empty cupboard tomorrow is a very poor exchange indeed.
  11. So I was thinking (always a dangerous activity). In our modern age, protectionism is certainly out of style and EU rules make it steadily harder for us to back our own. In the past it was of course "Made in England" (or Britain) but this is quite hard to do because while we do make things, we don't tend to make consumer goods (vacuum cleaners being an exception, I'm thinking here of the Numatic Henry of course). One thing that gets my goat a bit is that when the inherent amorality of the markets is discussed, many accuse joe public (myself included) of being blinded by price and price alone, but I don't think this is the case. It is of course also very difficult to identify the nationality of a corporation anyway, many supposedly British companies are anything but so that kind of classification scheme is largely meaningless and really besides the point. Buying British in and of itself is a bit pointless if the funds are channelled to Switzerland anyway. So all this being as it is, it strikes me that the new economic nationalism should be something closer to "Paid in England", which is to say the company pays its taxes here and doesn't reroute its money via Luxembourg or Belize or Lichtenstein or wherever else Tory peers like to go on their hols. Its called backing yourself and there is nothing wrong with it, even pointy-headed Austrian economists agree decisions about consumption can be equated to votes so why shouldn't the consumer be informed? What I wonder is whether there is a way of finding this out easily, perhaps HMRC should do something. Further. perhaps the companies in question could apply for a "Paid in England" marque for their products and advertising which would put the cat amongst the pigeons. Ideally Government procurement should pre-emptively favour such companies although I'm not sure EU rules allow this... Name and shame, raise and praise, why not.
  12. Aren't they mostly just paying themselves though? I thought that was the explanation for how they get away with it, Japan's debt is largely held in Japan.
  13. Maybe a little cynical, preservation of the party is always the most important thing. Someone should tell the Lib Dems perhaps... on Any Questions tonight every time the Lib Dem tried to start a sentence about what he "believed" or his "principles" or his "values" the crowd rolled around with laughter. Didn't jeer, didn't shout abuse, just laughed. I'd suggest to you that is the worst possible response a politician can ever have.
  14. According to Ed Balls (deep breaths, deep breaths...he was in the room so your other choices are Mandy and Alastair Campbell) that is what Gordon said in the end. Clegg was saying he wanted to talk more, Gordon said he'd only do it if Clegg suspended talks with the Tories, Clegg said he wouldn't, Gordon said it was over. Which agrees with the other reports actually. Also, he'd agreed he was going to quit after the second debate...
  15. I'd definitely agree the pwopertee developer thing was a hobby. I know I'll get in trouble for this, but all the ones I met were Daily Mail demographic types; middle aged women largely stuck at home or doing a token hobby job with hubby slaving away in something serious. Property development became a bit of a fetish for them as, with Penelope Keith's character in the Good Life (exactly the type), they quite like to claim they have a 'creative flair'... which is of course something that can't be verified or measured. People like that are very driven by fashion and what their friends are up to, it will be jam making or macrame or something next, so I can see that aspect of it disappearing in a puff of smoke if it hasn't already.
  16. 24 times between 1979 and 1988, as all Talking Heads fans know There was also the matter of her attacking the BBC for daring to report the figures at all.
  17. You're kidding. The Tories would sell your children for Soylent Green to keep people in the Home Counties in houses they can't afford. B-b-b-but the Tories care about you very very much and will make everything perfect!
  18. No, its already been fixed. Nobody cares because they are still in the honeymoon period http://www.housepric...pic=142794&st=0
  19. I see the NLA want BTLers to be considered entrepreneurs. They are up and down on this issue like a Bride's nightie. This is a fudge that has gone on long enough.
  20. I'll say this for coalition government; it produces much clearer, better balanced and thought-out legislative agendas. Credit where credit is due. Bit disappointed there was no heading of "Industry" though.
  21. It actually brought down a Government it went so badly wrong. And the thing is, prior to forcing it through, Churchill had actually written: ""It should be remembered that it is no longer possible to force the Dardanelles, and nobody would expose a modern fleet to such peril.". He lost 200,000, he killed about 200,000, he didn't get anything back on it.
  22. From the front, swinging a cavalry sabre from the back of a white horse. Its all about media images innit.
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