Wednesday, October 27, 2010

You all know my views..

75% of incapacity claimants are fit to work

Incredibly, 7,100 tried to claim because they had sexually transmitted diseases and nearly 10,000 because they were too fat. The disclosure by the Department for Work and Pensions raises fresh questions over how many of the 2.6million people on the existing incapacity benefit are really incapable of being employed.

Posted by mark @ 10:25 AM (1451 views)
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16 thoughts on “You all know my views..

  • mark wadsworth says:

    Of course most of them are capable of doing some useful work or other, even if it’s only being a lollipop lady or collecting supermarket trollies or tesing slimming products.

    The point is that the whole regulatory and tax system in this country makes low profit or marginal jobs uneconomic (yes, national minimum wage, VAT and Employer’s NIC – that means you!)

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  • which is it small keyboard on iphone or fat fingers lol lol

    great phones by the way, mine has recently started crashing

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  • Where are the 2.6 million jobs waiting to be filled?
    These are long-established hidden unemployment statistics – I doubt if ConDem will feel the need to make them visible in the end.

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  • relevance to HPC?
    Why do you think we want to know your views on every topic?
    if we want to read the daily mail we will either buy it or look online…. to save you time posting every article on this website.
    N

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  • When do we get to start testing the government to see if they are capable of creating an economic environment where there are enough jobs for everyone?

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  • I know population has grown from 56 to 64 million in the last 25 years and that people are expected to live 15 years longer but even so

    We have more people employed than ever before and more people unemployed/incapacitated than ever before .

    Can’t help thinking it all worked a lot better when Mum stayed at home to look after the kids .

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  • Full employment is an impossibility under the current system. Ite certainly wont be delivered trhough the blind persuit of economic growth at all costs. This online seminar demonstrates why:

    http://www.henrygeorge.org/mannahatta/

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  • mark wadsworth says:

    mken: “Where are the 2.6 million jobs waiting to be filled?”

    Every 1% on VAT = 200,000 jobs that are no longer viable.

    NMW accounts for another miliion or so.

    Every 1% on Employer’s NIC is another 50,000 jobs that are no longer viable.

    And that’s before we start on replacing income tax with land value tax.

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  • [email protected] so true,

    Perhaps corporation tax should be linked to LVT as well to increase investment in poorer regions. I believe they have reduced taxation in rural areas and smaller cities in Scandinavia to encourage investment in these remote areas.

    5% corporation tax in Merthyr Tydfil…..

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  • tom101 sounds like a plan however it wouldn’t work, you would get the whole city of london relocating causing high house prices and misery for locals, without any benefits from the tax which would of course vanish into the black hole

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  • Not sure you’d get that stampede in all honesty and if it were the case you’d adjust the ‘London’ tax to adjust.

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  • tom101

    I think a better way is say a system as follows

    Corporation tax rate based on turnover

    less than 100k 5%
    l00k-200k 8%
    200k-500k 10%
    500k-1 million 12%
    1 million – 5 million 15%
    above 5 million 20%

    this would make a better system as small companies employ the bulk of people, this would also give them a competitive chance against bigger companies who can buy products cheaper

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  • mark wadsworth says:

    Tom 101, having thought about this long enough, there is actually no need to have any corporation tax, VAT, income tax at all, we can cover the whole lot with LVT.

    As the Citizen’s Income would be flat rate across the UK, this would tend to even things out are more effectively than anything else (it would be worth more in Merhyr Tidfill than in London).

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  • MW

    didnt another country try something similar once, I am sure i read it somewhere

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  • mark wadsworth says:

    Yup, England used to have this, as do Taiwan, Hong Kong still today and Denmark in the 1960s. It worked a treat, unemployment down, deficits down etc etc.

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  • [email protected], Trouble about staggering taxes like this is companies would surely adjust invoices to pay less tax. I know i would.
    I imagine the red tape would mean collecting these taxes would cost a fortune as well.

    [email protected], Would LVT really bring in sufficient revenue?

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