Tony Blair

Corbyn would make sure he got all the tax that is owed by wealthy tax dodgers. Tories encourage it.

And if wealthy tax dodgers left the country?

Does it matter if they are not paying their taxes?

Very socialist of you there, Annie. Are you sure you're in the right party?

I asked - if the tax dodgers left the country?

And I replied. They are not paying their taxes. They are taking their money offshore to avoid taxes. They are welcome to leave.

So where will the money come from if there are few tax dodgers ?

Bloody hell, Annie. Sticking up for tax dodgers now!
Saying that we need tax dodgers in this country, are you? Or are you just arguing with me for the hell of it, and don't really mean what you are saying?

Ana Sun 19-Feb-17 21:11:27
Two minds, one thought Ana

So, how would he fund all those things, laudable thought they may be?
Getting in tax owed from tax evaders will hardly cover it, although if he can manage to do that then I would be pleased.

What does he propose to do to fund it all?
What will he do for the economy and small businesses?

Unfortunately, in trying to bring in revenue for local social care, the Tories have now increased local business rates so many businesses may close down.
Therefore there may well be less revenue coming in to fund the local social care.
What will he do about that?

I can't see that anniebach is sticking up for tax dodgers

she is saying what happens if they leave the country?
No tax therefore no funding for these projects.

How is he going to get them to pay?
All suggestions will be gratefully received (by post or email to Labour Party HQ).

Jen,you claim the money will come from tax dodgers.

I asked if they leave the country where will the money come from

I said nothing which supported tax dodgers .

So if fewer tax dodgers where will the money come from?

If you haven't the foggiest then say so not turn it on me

PQE, Jalima. Osborne used it but it just made rich people richer as he said himself.

"The Bank of England’s policymakers have defended the QE programme’s impact, arguing it helps to boost aggregate demand and that this supports employment and the incomes of all.

It maintains that without QE, which began in 2009, the economy would have fallen into an even deeper recession and that the only way to get interest rates to a sustainably higher level is for the Bank to stimulate the economy."

From an article in the i last year.

PQE is different from normal QE. It goes to building houses and jobs for the unemployed.

Labour will borrow 100 billion.

Problem solved then POGS

But it is still QE isn't it?

Isn't PQE against EU rules so that is perhaps why he was a closet Brexiteer?

Where did the Bank of England get its money from to bail out the banks?
It printed it. That's what happens.

www.bankofengland.co.uk/monetarypolicy/Pages/qe/default.aspx

I don't think government borrowing is the same as quantitative easing, happy to be told otherwise.

UK national debt now.

www.nationaldebtclock.co.uk/

So close the tax loopholes, borrow some money both acceptable in my opinion.
I wouldn't mind if there was a small amount added to income tax in order to fund the NHS and proper social care. We could also consider how much the current owners of the rail franchises are making and if this could/should be a source of income or a public service?
As far as I can see no one has posted they disagree with the policies only about how they would be paid for.
So most people are socialists and agree with Corbyn's policies. If you really feel that they are unaffordable which would you be prepared to sacrifice? At the moment everything is being destroyed by the Tory government. What is most important to save?

I don't think quantitative easing is against EU rules. It is for countries in the Eurozone, but the UK has its own currency.

My understanding is that QE is a form of devaluation. The B of E creates money electronically which it then uses to buy government bonds. In other words, no actual money is involved. The idea is to boost spending and prevent a depression.

The QE after the 2008 crisis mostly ended up with the banks to stop them collapsing. Very little ended up circulating round the economy in 'normal' people's wallets.

The idea with People's QE is that it would be used specifically for sustainable infrastructure projects, so would create jobs, support businesses and thus increase the tax take...and so it would go round and round.

That's my dummy's understanding anyway.

Read all about it here: www.bankofengland.co.uk/monetarypolicy/pages/qe/default.aspx

The people involved in tax avoidance/evasion might very well leave the country, but few of them could take their businesses with them.

Philip Green's businesses 'belong' to his wife, who lives in Monaco, which is how he avoids UK tax. The law would need to be changed to make any income earned in the UK liable for UK tax. Green would almost certainly not close down all his shops.

The EU was on to the tax dodgers' case with country by country reporting, which is one of the reasons some very wealthy fund managers supported Leave.

Osborne used QE for six years. If it was against EU law I think it would have been spotted. Unfortunately, as he said before he was kicked onto the backbenches by May, it just benefited rich people, making the rich even richer.
Strange for him to have developed a conscience then.

I must have read some fake news somewhere