Comments

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  Roaring Lovely October 3, 2022 at 1:57pm

  They will blunder in UK or US etc if their motive is guided by the need to punish an envious so called 'lefty' who think that rich pple are criminals!😆
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  Drekx Omega October 3, 2022 at 1:57pm

  

  I do appreciate that, Roaring...And I too would love to migrate away from the left-right thing, but unfortunately I keep finding that this very matter of economics, et al, can be greatly coloured by the stance, as capitalism and socialism are in opposition, as ideals....
  And it seems to be a mindset, also....A mindset that the globalists are using against nations, that they want controlled and contained, as "equal partners" within a global one world government.....
  Sorry, but I don't agree with you on this...
  
  As for China I would like all manufacturing returned to the west....Globalism is not working and should be trashed....
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  Roaring Lovely October 3, 2022 at 1:50pm

  

  My arguments are economic, not the 'left' vs 'right' US or so politics. Specificaly, I am not talking of the gap between the so called 'rich' and the 'poor'. This is a U.S. political issue, not an economic one.
  
  Can tax cut necessarily lead to economic growth? No because the 'more money in the hands consumers' will boost economy only when the slowing is due to a problem in the demand side. But when there is a problem in the supply side, injecting more money in the economy is a wrong prescription. In the current situation, war in Ukraine, COVID, U.S- China trade war etc affected the supply chain, not the demand.
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  Drekx Omega October 3, 2022 at 1:36pm

  

  AE, you get it, far more than Roaring and I suspect that that is because you're American, rather than Kenyan...
  
  The left always assume that anyone who is rich (apart from themselves) only became so, because of some type of crime...The left only get rich because they are criminals and they assume that everyone else who gets wealthy, is corrupt and wicked, as they are...
  
  They don't understand free market economics...Nor patriotism....They hate people like Trump and Musk, because they are wealthy, but not so easily corruptable...And they hate "rich people" who inherited wealth, in spite of a sad alternative, in which wealth always goes to the state, after a person dies....Taking away choice from people.....
  
  Yes, one can have the lefty mindset, if brought up in a country that has never encouraged free enterprise, self-employment and low taxes....
  
  History does prove the correlation between low taxes and higher tax revenues and growth....Spot on....
  
  Sometimes high taxes for the "rich" is considered a punishment, rather than a means, to assist state targetted expenditure, through fiscal revenues collection...
  
  I would like to see the UK transformed into a so-called "Singapore-on-Thames," right on Europe's doorstep...lol
  This is a nightmare scenario for globalism, which wants the UK "equal" and contained in a Euro-box prison, with identically poor inmates...
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  AlternateEarth October 3, 2022 at 12:49pm

  

  Tax cuts-more money in peoples pockets either kept in the bank (more money to lend) or spent on needed goods and services-works everytime to get economies up and running-loonie lefties always say that's not true while lining their pockets with bonuses etc. and rolling in new bmws
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  Drekx Omega October 3, 2022 at 12:32pm

  

  I disagree with you that lowering taxes is not helpful to economic growth...
  Tax cuts have gone through, in many spheres, and only 5% of the proposed package included the higher tax reduction..the top band..45%...
  Johnson would have raised taxes for all....Truss is reducing most taxes, BUT, has been thwarted on the higher rate, which is a shame....The Tory party is a shell of it's former self, and Truss needs more time, to force it to shape up...She needs time to clear out the swamp...
  
  In summary, the Tory party has maintained the Truss doctrine and only removed the higher band reduction, due to the controversy within the party itself...Of course, the rabid left opposition, with it's politics of envy, hate the idea of rich people getting richer.....I don't, if they are helping the economy, with investments, building new businesses and through paying taxes here, out of choice....This policy will be revived at some stage I bet....
  Basically, taxes are still reduced down, in general...So there are still many tax areas enjoying that reduction....And if Sunak had been elected leader, or Johnson remained, the tax burden would have gone up for everyone...But that is not happening and it does annoy the globalist elites, who are trying to bring us down, on parity with mainland Europe....Which is far worse than the UK...
  
  We still prefer billionaires and millionaires to pay taxes in the UK, rather than in lower tax countries....This tax rate will come in eventually, once the left (Tory and Labour) and biased media, have calmed down...
  
  Truss is like Trump...always under fire for doing the right thing...
  
  https://www.youtube.com/watch?v=A0qDxNtHNdQ
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  Roaring Lovely October 3, 2022 at 10:19am

  

  I think the proper 'laying the ground better' is to deal with inflation first, then followed by the tax cut. Apparently, tax cut causes more inflation, forcing investors to sell pounds, fearing that it will lose value. This creats a spiralling effect!
  
  This also shows that the trick of 'trying to kick start the economy', by injecting more money, (to boost expenditure) does not work when there is both a slow down (or even recession) and inflation all at once! This a challenging combination!😆
  
  So tax cuts won't do it, neither will, 'quantitative easing', 'lowering interest rates' nor even 'negative interest rates'! The only way forward seems to be to boost the demand of a currency internationally, like Putin did. Any local attempt to tackle inflation will lead to a recession.
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  Roaring Lovely October 3, 2022 at 10:00am

  Now I am hearing that Truss is retracting from the tax cut for the rich in fear of a looming rebellion from the party itself! You see this is precisely what I mean when I say these are 'sham democracies'. The cabals (who controls the economy etc) creates conditions that makes it impossible for elected leaders to fulfil their promises, should it go against their wishes!
  
  Worst scenarios happens in these countrie's foreign policies. They never change with changes in leadership! Biden was voted in with a promise to end US's support for Saudi, end Yemeni devastating war, resore JCPOA, promote the welfare of Palestinians etc. But he has since found out that the conditions in the world doesn't make any of these promises practical! Such is how leaders end up 'serving the cabals'. They don't necessarily do it intentionally!!
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  Drekx Omega October 2, 2022 at 10:19pm

  

  Hi AE.....Well, the policy of capping energy bills is definitely working and only the left believe otherwise....Moreover, I can state that my energy bill reduced from £105/Month, up till September, down to £38, now, in October....My direct debit is the 2nd of each Month and my energy supplier (gas and electricity,) sent me the confirmation email, a few days before....And it mentions the new price cap....I'm also on a fixed tariff, which helps......
  So Liz is fab, from my perspectives.....She is also increasing our own energy reserves production for the home market, which will bring our bills down further....
  Not certain if you saw this map I posted before...But here is the UK reserves of oil and gas, in the North sea.....
  
  Note how little the Germans have in the North sea.....Explains their problems well...And we have the lions' share, of course...;-)
  
  https://www.crystolenergy.com/wp-content/uploads/2016/03/North-Sea-...

  
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  AlternateEarth October 2, 2022 at 10:07pm

  Drexk - now the Tories are getting blamed for the rise in energy bills