- Location
- Ceredigion
If you dead you wont know
Rising taxes
- Thread starter glasshouse
- Start date
Scholsey
Member
- Location
- Herefordshire
As pretty much every major economy in the world has been hit and many of which have taking big loans to pay for it, surely if they all quantitive ease at the same time to make up for the money they have borrowed then nothing would actually change?
Last edited:
Hindsight
Member
- Location
- Lincolnshire
Although all economies hit there will be variance between economies, depending on structure of the particular economy. Thus an economy with a larger proportion involving tourism likely to be weaker recovery? So there will be 'first among equals'. ?
Johnnyboxer
Member
- Location
- Yorkshire
Maybe a land tax ?
GeorgeK
Member
- Location
- Leicestershire
Yes, the relative values of currencies will shift as the fallout becomes apparent. Ours may weaken, we may see inflation, but some countries will be hit harder. The £ will strengthen in some countries, weaken in others, lord only knows the effect this will have on global trade.
Buy gold, live in a cave!
capfits
Member
And it is even worse for those that game it with their ltd company's small wage and heap of Divi Payments.
I find their present squealing a bit nauseating, after they have gamed it for years.
Think the Beatles got their first
Thanking will be a wealth tax simialer model as to what is in Denmark.
Last edited:
SilliamWhale
Member
Not that Im one of these people but the Govt could have closed this loophole anytime in the past. It doesnt really ameliorate screwing up businesses for a pandemic now.
- Location
- Limousin/Charentes toad land
Well judging by the reaction in different countries, maybe I ought. So in UK the general public sought out, cleared and horded Pasta. In the USA the general public sought ought, cleared andhorded firearms and ammunition!?
Americans purchasing record-breaking numbers of guns amid coronavirus
The pandemic has created a surge in demand, with some gun stores inundated with panic-buyerswww.theguardian.com
And the President on the USA decrees gun shops as essential services.
Reuters | Breaking International News & Views
Find latest news from every corner of the globe at Reuters.com, your online source for breaking international news coverage.uk.reuters.com
Does make ya think sometimes.
Remember, this guys answer to mass shootings in schools was to arm teachers
Farfrae
Member
- Location
- Pontargothi, Carmarthenshire
I'm not even sure that the world's economic system can withstand this 'hit'. It's not beyond possible that there could be a collapse of the whole system worldwide with a need to issue new currency. In any event get ready for negative interest rates and hyper inflation.
- Location
- East yorks
Paye will get nailed as usual
glasshouse
Member
- Location
- lothians
Countries that rely on tourism and imported food could be stuffed , like the uk
- Location
- Lincolnshire
After the inevitable bailout, we can all f**k off to Bransons island.
- Location
- leics/warks border
All economies are built on money which doesn't actually exist, it's just pieces of paper, whether bank notes or balance sheets or numbers recorded electronically, they are just promises to pay or a record of an imagined value.
We need to look at where this money has gone. It's still circulating in the economy, as long as it keeps going around and everybody keeps faith in those pieces of paper we should be OK.
It only becomes a problem if the money is syphoned away by buying products (such as medicines, and equipment) from abroad or by bankers.
Given that we are not currently buying foreign holidays or electronic goods, the money should be staying in the country, putting our economy in a better position than many countries.
Of course the real issues is who the government borrows the money from. If they borrow from British people (pension funds etc, remember war bonds ?) or British banks we should be ok (remember it's all just promises on pieces of paper). If they borrow from foreign banks (over which they have no control) they have us by the nuts !
We need to look at where this money has gone. It's still circulating in the economy, as long as it keeps going around and everybody keeps faith in those pieces of paper we should be OK.
It only becomes a problem if the money is syphoned away by buying products (such as medicines, and equipment) from abroad or by bankers.
Given that we are not currently buying foreign holidays or electronic goods, the money should be staying in the country, putting our economy in a better position than many countries.
Of course the real issues is who the government borrows the money from. If they borrow from British people (pension funds etc, remember war bonds ?) or British banks we should be ok (remember it's all just promises on pieces of paper). If they borrow from foreign banks (over which they have no control) they have us by the nuts !
NO! - the UN is a bigger bunch of self-serving ars* kissers than the EU.
FonterraFarmer
Member
- Location
- Waikato, New Zealand
Loans from where and from whom?
The IMF? Think we were stitched up by them in the 50's or 60's?, would it really be that hard for our governments to harden the feck up and actually "manage" our way out without unecessary exturnal financial intervention?
Much like someone here quoting our PM, please just cut out the bull s**t ,mate.
FonterraFarmer
Member
- Location
- Waikato, New Zealand
Should have put up "graphic imaginery picture warning"...
If the UN can't sort this out or do it's job, then they should be disbanded, why are we waiting money on running an organization that is incompetent or ineffective?
glasshouse
Member
- Location
- lothians
But it doesnt stay in the country, it gets syphoned off to the cayman islands
- Location
- leics/warks border
Now that whole world is in the same boat maybe they will get together to do something about the tax havens.
Last edited:
Would raise a bit but a drop in the ocean and may even be counter productive.
Farm profitability is dubious,where do you find the funds to pay it?
Some will scale back and produce even less and make the UK food balance of trade even worse when we can ill afford to do that.
Higher VAT on consumer goods is the fairest method,it cannot be avoided,rich or poor however the more you can afford to spend the more tax you pay.
glasshouse
Member
- Location
- lothians
VAT is certsinly not fair, it should be abolished.
A land tax is far more fair.