the new world paradigm has changed Citizesn are no longer prepared to trust Gumints to take most of their hard earnt money on a TRust us we know what we are doing basis.

Citizens demand more control and say over their lives. Gumints have falied big time in their endless quest to command and control.

Time for them to practise minimalist and Foxtrot Oscar out of our lives.

So how good of Labour to bring it down to 15% across the Board!

Bastards!

380,000 Brits left last year severely pissed out with Gormless Gordon. The Mr Bean of the Political World.

NZ could import as many wealthy Brits as they want. Think what it would do to the fortunes of the Banks here, the shops, dealerships, and housing developments!

Helen Clark cut it back to one person last Year. Only because she was a fucking Genius like Brown!

Soak the rich and they leave
Posted By: Iain Martin at Nov 24, 2008 at 01:07:29 [General]
Posted in: Politics , Three Line Whip
Tags:45p tax, Conservatives, Gordon Brown, Labour, PbR

There isn’t much left of the original Brownite economic model. For a decade the language of prudence and alleged responsibility was used as covering fire for stealth tax rises and redistribution. The top-line rates of tax, even if he fiddled individual allowances to take much more, were to stay the same or even come down in terms of the standard rate.

This formula was Gordon Brown’s answer to the failure of his mentor, John Smith, to sell the idea of higher taxes to aspirational English voters.

But the Brown approach is pretty much shot to hell now with prudence abandoned years ago and redistribution and high spending having left the country borrowed to the hilt.

Now, it appears that Gordon Brown is going to really go for broke with his government’s PBR tomorrow. It is being reported, by the BBC initially, that a 45p tax rate looms for those earning in excess of £150K.

Forging a pact with many of the wealthy was New Labour’s greatest trick, ensuring that it was left alone to get on with its work unimpeded because it didn’t touch the 40p tax rate and offered new advantages to those working in the City or business but residing off-shore. That friendship ends tomorrow if these reports are correct.

It is not difficult to work out the politics of this: the Labour left will love it, and the PM’s calculation is that after the carnage the banks have helped engineer so will many centrist voters who would previously have thought it sounded dangerously anti-enterprise. The suggested delay in implementation until after an election shows Brown will fight that contest painting the Tories as the party of the heartless rich. Vote Labour to increase taxes on the rich; what would the Tories do? You get the drift.

A difficult challenge for the Conservatives this but one they cannot duck: they have to calmly say that taxing the wealthy excessively will drive away many of those who can help engineer a recovery.

But let’s separate this from the politics for a moment and try to think of the national interest.

As Fraser points out at Coffee House, 1% of taxpayers pay 23% of all income tax collected. And top rates of tax have been coming down elsewhere, making the 1988 Lawson budget which brought Britain’s down to 40% clearly ahead of the curve.

Britain is going to need all the wealthy, entrepreneurial types we can find in the next decade to stay, prosper and pay a decent amount of tax. We know, from experience in the 1960s and 1970s, that if they are targeted for punitive taxation they vanish in large numbers. Soak the rich and they leave.

Like Cullen he has been found out, as being a useless twat. There is nothing in the cupboard because he has spent it on a huge bloatocracy. 800k more clip board operators with huge pension benefits in Central Government, Regional Government. Double that for Local Government. But shit do we know exactly how many lampposts we have in each street.

And how diverse we are in the UK, and a thousand other little Hitlers we employ to just fuck us around. Disablity Act, Ageist Act, Racism Act, Fucking anything involving red tape act!

Brown is a Cycloptic, Dour, Snarky, Bi-Sexual, Pervert! At the first formal meeting of New Labour in power in 1997. The standing joke straightway afterwards was that the only person in the New Labour Cabinet that didn’t have a boyfriend was Claire Short.

Yes, Tony Blair also likes his goods delivered to the tradesman’s entrance!

The only problem , there would be a massive jump in unemployement caused by all the accountants, lawyers, and tax officials who lose their jobs as a result. On second thoughts, what problem?

Key you wimp, bring on Douglas ……

Secondly, as for the free trade policies, there are very few examples of nations which reached wealth through free trade. From my understand a vast majority of those which are now the richest nation used various forms of subsidies, tariffs to protect their markets until they matured.

As for the nations that did not go so well, it has been sadly overly common for these policies to be forced upon them for the benefit of others before they were ready.

November 24th, 2008 at 2:49 pm
@ PhilBest-
“Correct me if I am wrong, but I am seeing as an assumption ‘free market’ policies are a be all, end all solution I am quite sure there are numerous ‘developing’ and former developing nations which have found this to not be the case. For instance Japan and South Korea using quite strong elements of protectionism to develop their markets. On the more negative side would be countries which have been forced into such policies prematurely and as a result suffered.”

I honestly believe there are other factors responsible both for the successes of nations like Japan absent free trade policies, and the failures of some other nations with free trade policies.

David S. Landes work “The Wealth and Poverty of Nations” is very illuminating about the role of culture, the work ethic, attitude to others success, and so on.

Google the following, the system won’t like too many links:

Robert HIGGS “Regime Uncertainty: Why the Great Depression Lasted So Long”

Brian RIEDL “Why Government Spending Does Not Stimulate Economic Growth”

Andrew WILSON “Five Myths About The Great Depression”

John FLYNN “The Roosevelt Myth”

Burton FOLSOM “New Deal Or Raw Deal?”

Amity SCHLAES “The Forgotten Man” and “The Real Deal”

Jonah GOLDBERG “The Raw Deal”

The real downturn in the economy is just around the corner. This is the real shock

More politics of envy wont help you either. Ireland did receive substantial subsidies though it has been a significant contributor for the past 12 years so they are giving back too. Common Agricultural Policy (CAP) aside, the difference is they put the remaining money to good use and Irelands current economy is a testament to that.

Its not the money that matters, its what you do with it. Look at Spain and Portugal, two economic basket cases if ever there was. Yet they are the perennial sink holes for EC cash with no apparent gain.

Finally, the subsidies Ireland did receive were largely targetted at the failed farming sector through the CAP, 80% of that subsidy went to prop up inefficient business practices and added very little real value. Ireland achieved sucess through good planning, investment, fiscal prudence, developing a world class education system, and a business friendly environment.

So messers Key, Obama, Brown, Rudd, Jintao, Merkel, and the rest are best focusing on ways to improve productivity.

There endeth the economics lesson….

So Jacob, if you want to help, get back to your job and add some value, start a business, employ people, be productive and stop expecting everyone else to sort it all out for you.

* The German or Dutch or Austian or Finnish or Danish or Swedish taxpayers who kicked in a net 41 billion euro in subsidy over the past 40 years might dispute this.

Sound familiar – bloody socialists are the same the world over

I could understand if Kiwi owned it,, we buckle really fast financially

But a Kiwi doesn’t own it so there must be a big problem on the Horizon.

NZ under Labour attained growth through increasing debt fuelled consumption. As a result, Ireland will still be light years better off than here even with a decline in their economy because their GDP per capita is more than double that of NZ.

Everything is relative, and we are relatively fucked due to academic inwardly focused, myopic Labour policies that cashed in on the good times and did bugger all to make this place more competitive. Be thankful we have a government now that can see beyond the next 3 year election cycle.

So now that the campaigning is over, our own Government has to step back and and set up some mechanism for analysing the machinery of government to identify those Acts, Policies, and Regulations which will prevent entrepreneurs and their financiers from building us out of recession.

The first “casualty” must be those local body development contributions which actually fine entrepreneurs for having the audacity to build new tourist accommodation, factories or housing.

Robert Higgs’ famous paper “Regime Uncertainty –Why the Great Depression Lasted So Long and Why Prosperity Resumed after the War” reminds us that during this period one threat to property rights was the frequent invasion of factories and offices by union members who simply took over the property until they got their way and yet were never prosecuted for trespass. Evidently they were immune to prosecution because “their cause was just”.

These days, we need to consider the wider impact of allowing Greenpeace and anti-GM activists to invade private property and even destroy valuable experimental plants, apparently without risk of prosecution because they too are “doing good works”.

The Centre is preparing further written material on this topic and invites any contributions or feedback.