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  • 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.
  • 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...
  • 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
  • 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
  • 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.
  • 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!!
  • 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-...
  • Drexk - now the Tories are getting blamed for the rise in energy bills
  • The rinos are owned by the same corporations as the demoncats;
    https://www.infowars.com/posts/infowars-poll-voters-believe-gop-lea...
  • Hi AlternateEarth.....Well, the new King was going along with this "climate emergency" tripe, because he, along with his close pal, David Attenborough, invented it....This idiocy started with Attenborough, back in the 1970s and Charles, being gullible, swallowed it, hook, line and sinker....
    But now he is King, he has to stop the whole show, in it's tracks,,,The globalists hijacked the "environmental" movements and are not pleased that Charles has been muted by the UK.....lol

    Also......
    I was interested in how Fox business would view the Truss policies to date, so discovered this positive commentary....Albeit, this was five days ago and the pound has since rebounded a few points....as the markets calm down their illogical nervousness, over any type of change in policy......lol

    https://www.youtube.com/watch?v=peCbzUZ-hRE
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A basic conclusion is provided at the end for the uninitiated. The C.I.A. was founded on July 26, 1947 with the signing of the National Security Act by President Harry Truman while aboard his Air Force plane (known…

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AlternateEarth left a comment on Comment Wall
31 minutes ago
Drekx Omega left a comment on Comment Wall
"I think Starmer will have to, but, due to his delusional, self-obsessed sentiment, very reluctantly.......Albeit I cannot see anyone in his socialist-globalist party, that have any leadership skills to offer, either...They're all a bunch of cretins…"
33 minutes ago
AlternateEarth left a comment on Comment Wall
"Do you think FrankenStarmer will resign?"
40 minutes ago
AlternateEarth left a comment on Comment Wall
"lol"
3 hours ago
Drekx Omega left a comment on Comment Wall
"However, that monster is still on the loose, the living corpse, Starmer....wreaking havoc across the countryside....🤣
This is a job for the Bürgermeister......!!🧐

https://www.youtube.com/watch?v=MqupBs4VZeM"
6 hours ago
AlternateEarth left a comment on Comment Wall
"That's a tidal wave!"
6 hours ago
Drekx Omega left a comment on Comment Wall
"Labour lost 35 seats in Wales, with Reform only second to the nationalists; Plaid Cymru, both parties adding seats, not losing..

https://www.bbc.co.uk/news/live/c1428pev1n0t#election-wales"
6 hours ago
Drekx Omega left a comment on Comment Wall
"Actually in England, Labour lost, nigh on 1496 seats and Reform gained 1451 seats.....So local English councils...at conclusion of counting among the 136 councils...See the final totals on the attached graphic..…"
6 hours ago
AlternateEarth left a comment on Comment Wall
"Wow-I didn't know Labour lost 1300 seats!!!
https://x.com/RealAlexJones/status/2053657594401640801"
7 hours ago
Drekx Omega left a comment on Comment Wall
"Great responses, friends and I feel prompted to investigate JD Vance's comment, more fully and probe the psychology behind it, which we are all logically identifying with his religious conditioning....As Movella said, Vance should take his role more…"
7 hours ago
Malcolm commented on Malcolm's blog post HOROSCOPE OF THE C.I.A. (08/26/47, 2:26 pm, Washington D.C.) Uranian & Basic astrology analysis of the National Security Act of 1947 and the current crisis over disclosure of ET/UFO/UAP areas.
"Note that the CIA has Uranus in the 8th House, just like Israel and Iran (and George H.W. Bush). Use of eavesdropping technology and the need for getting information "behind the scenes" is a good description of this placement, but another…"
8 hours ago
Movella left a comment on Comment Wall
"Trust was put into Vance as Vice President of the US. He should take his role more seriously by trying to ease potential fears instead of fuelling the fire. It’s disappointing because he generally speaks sense, but here he seems to be choosing fear…"
9 hours ago
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