Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

He's been digging graves for years has earned a rest!

Now Jeremy Corbyn economic adviser wants to raise £100billion by taxing the spending from your bank account


Richard Murphy, who is credited as the creator of 'Corbynomics', said the Chancellor George Osborne should start to tax people’s money as they spend it from their bank accounts

Britons should be levied with a new £100billion "tax on consumption" paid directly from their bank accounts, according to Jeremy Corbyn's tax adviser.

Richard Murphy, who drafted some of Mr Corbyn's economic policies during the Labour leadership campaign, said people's money should be taxed as they spend it.

The controversial measure is set out in Mr Murphy’s new book, called The Joy of Tax, which is published this week.

Mr Murphy says in the book that the new consumption tax could raise over £100billion a year and replace National Insurance Contributions, which disproportionately hits poorer people.

It says: “I think that a progressive tax on the total sum paid into and out of people’s and companies’ bank accounts is now essential.

“This simply requires that the rate charged increase as the total payments into and out of bank accounts connected to a person increase.

“This is the tax that can, in the 21st century, end the absurd need to tax labour and its wealth creation and instead shift that tax to excessive consumption, a shift we know is now needeeasing

He explains in the book: “It is entirely possible to tax all transactions through bank accounts that a person or company operates.”

Mr Murphy's book "The Joy of Tax" also includes his draft of a possible Budget speech in which he brands the consumption tax as the Carbon Usage Tax.

Speaking to The Telegraph, Mr Murphy said he would put the idea to Mr Corbyn, the Labour leader. He said this was "the next thing" after Mr Cobyn adopted his idea for people’s quantitive easing

I wonder what Mr Murphy thinks VAT, Income tax, NI, stamp duty etc is?


Also, by taking a £100billion out of private hands, and handing it to the chaps, it will improve the economy??

Typical loony left. If they had their way they would tax the air we breathe and still fcuk up the economy.

The Americans are round the bend with allowing (mental cases/muppets) with guns....and they've bombed a hospital in Afganistan....really bonkers....Barack Obama has a tough job....can't they ban weapons in the United States (except for hunter rifles of course) ?...

i think the constitution enshrines the right to carry guns
of course it's got totally ridiculous, but the gun lobby is very strong and there's a lot of votes to be lost if sensible legislation could ever be put through
it's unbelievable how many americans still think the way to stop this sort of thing is for ever more guns to be carried, even into schools

The US attitude, including survivors of yesterday's shooting, is that if more people were allowed to carry concealed weapons then they could stop these shootings quickly.

i am aware of the (il)logic
at least obama doesn't agree, but given the way us politics work, there isn't a hope in hell of getting any sort of limitation bill through
i wonder when or if the us public will ever say enough is enough, for there's not much sign of it today

And, as a practical matter, they cant get rid of the guns anyway. (300million + that they know about)

Even is they were to get legislation through, the only people giving up their weapons would be the licenced law abiding citizens.

The cranks, loons and criminals would laugh all the way to the illegal gun supply shop.


Prohibition cannot work if every man and his dog already holds the damn things.

Re Consumption Tax

How's about:

Tattoo Tax - 85%
Alcohol Tax - 50%
Tobacco Tax - 200%
Hair Colourant - 75%
Porn Movies - 100%
Entertainment Tax - 30%

Aren't I a spoil sport?

:-)

No one running for President will say they are going to change the gun law as they know they would never get elected .

Manuel.

Who was advocating "bombing" in Syria?

Forgot it is a different situation!

Mrs Murkel is doing what the red army couldn't do, she is destroying Germany.


http://www.bbc.co.uk/news/world-europe-34422558



Those stasi types never give up eh?

Just in:

The House of Commons was sealed off today after police chased an escaped lunatic through the front door during Prime Minister's Question Time. A spokesman at Scotland Yard said it was like looking for a needle in a haystack.

A new publishing venture was announced today: The Stock Breeders Gazette and Playboy Magazine are collaborating in a joint venture to produce a new magazine called The Farmer Sutra.

A government survey has revealed that Jeremy Corbyn, Leader of the Opposition, is doing the work of two men. Namely, Laurel and Hardy.

Greater Manchester Police want to interview a man wearing high heels and frilly knickers but have been told they must wear their uniforms.

Lots of us have noticed, that Fred1new has developed a much stronger and most definite swing to the left. PS. There is another meeting of the Political Nudists Club at 8pm on Monday night.

(Acknowledgements to R. Barker, now deceased)

Max,

Just looking at Cameron on Andrew Marr Show and considered England has Cameron and Russia has Putin.

Wonder what the going rates were.

Both pillars of honesty befitting their party camp followers.

Umumum.

Watched him dodging the Pig controversy and tax dodging friends.

Been told that there are "photos".

Why do I think of the Cameron and the tory party donors when I hear this :

An English tory councillor was recently accused of providing council jobs for no fewer than eighty-three of his relatives.

He hotly denied this and pointed out that only eighty-two of his kinsmen were employed by the council.

His relatives have now moved a motion of censure against him for his carelessness in missing one of them out.

Ban sackings, scrap the City, create a three-day week: The world according to Jeremy Corbyn's new political adviser

Exclusive: Andrew Fisher, hired by the Labour leader within days of his victory, floated the radical policies in his 2014 book, The Failed Experiment

Jeremy Corbyn's new policy adviser wants to nationalise all banks, scrap the City of London and establish a three-day week.

Andrew Fisher, one of the Labour leader’s first appointments, has also suggested banning companies from sacking people and putting all private land into public ownership.

In a book written last year, Mr Fisher asked why politicians were "obsessed with economic growth" and said the government should give grants to help workers take over control of companies.

The hard-Left policy ideas, which feature in the book The Failed Experiment, mark a radical departure from the economic platform adopted by Labour in recent years.

Both Mr Corbyn and John McDonnell, the new shadow chancellor, praised the “excellent” book when it was released and called for others to take up the ideas.

However the policies were condemned by one Labour MP, who said they would amount to a “death sentence” for the party if adopted.

It comes with many centrist Labour MPs deeply concerned by the direction Mr Corbyn is taking the party’s economic policy.

The appointment of Mr McDonnell, the socialist MP for Hayes and Harlington, as shadow chancellor infuriated moderate colleagues who wanted a more conciliatory figure in the role.

Mr Fisher’s book, The Failed Experiment: And How to Build an Economy That Works, gives an indication of the policy advice he could give Mr Corbyn now he is in the Labour leader’s inner circle.

After analysing the 2008 financial crisis, Mr Fisher outlines his proposals for changing Britain in a final chapter entitled “Building an Economy that Works”.

“The first thing to do therefore must be to nationalise the banks,” Mr Fisher writes at one point, suggesting the “entire high street banking sector” should be taken into public ownership.

At another point he calls land ownership “ridiculous”, saying: “The land was here before we were born and it will be here after we are long since departed. Does this mean all land should be publicly owned? Perhaps.”

Mr Fisher also floats the idea of reducing the number of days people work. “Why shouldn’t the four or even three day week become the norm?” he asks.

“Surely if mechanisation, robots and other technology is reducing or replacing the need for human input, then we should all share that benefit, and all reduce our hours.”

The policies are more radical that Mr Corbyn proposed during his campaign for the leadership, suggesting Mr Fisher could push the new Labour leader further to the Left.

Elsewhere, Mr Fisher proposes a shake-up of workers’ rights and an ambitious programme for overhauling Britain’s financial sector.

The City of London is the “home of the devilry of modern finance”, Mr Fisher says, adding that “it is time its powers were abolished”.

He suggests banning firms from sacking people – asking “if the company is profitable what need is there to lay off staff?” – and says workers should be given rights to take over ownership of companies if they can raise enough money.

Mr Fisher says the proposals are “not presented as a political programme, but a menu of policy options that politicians may consider” in his conclusion.

Mr McDonnell praised the book as an "excellent piece of work" at the time, saying: "This is the best thing I have read in years. It will be readily used by campaigners as a basic handbook to explain our recent history.

However on Labour MP, who asked not to be named, said of the policies: “That is not so much a suicide note but a death sentence for the Labour Party.

“It sounds like a first-year politics thesis. This is beyond the 1980s, it is turn-of-the century nonsense.”

Asked what Mr Corbyn thought of the idea, a spokesman declined to comment.

THE WORLD ACCORDING TO JEREMY CORBYN'S NEW POLITICAL ADVISER

All quotes taken from the final chapter The Failed Experiment: And How to Build an Economy That Works, written by Andrew Fisher and published in 2014

Put private land in public ownership

“The land was here before we were born and it will be here after we are long since departed. Does this mean all land should be publicly owned? Perhaps.

“The key question though is whether we should all have a democratic say over what use the land around us is put. In the UK today, over two-thirds of the land is owned by just 0.3 per cent of people. Ownership of the land is rather ridiculous.”

Nationalise the banks

“Banks may set up subsidiaries in tax havens to avoid paying their dues, but their head offices are always proudly located in the major cities of their major economies. In doing so, they effectively nationalise their risk and offshore their profits. The first thing to do therefore must be to nationalise the banks.”

… “One option would be to nationalise the entire high street banking sector (through swapping treasury bonds for shares), which seems far easier than the alternative of setting up a national bank chain that slowly did, as the private profiteers fear, undercut the private banks and put them out of business.”

Scrap the Channel Islands

“The UK must also take on its tax havens – the crown dependencies like Jersey and the Cayman Islands. They are arteries of the global tax avoidance system. These corrupt island nations could be stopped by the UK, their sponsor, at any point. But they play a pivotal role within the global financial system.”

Scrap the City of London

“The City is now a square mile of entrenched reaction, the home of the devilry of modern finance. Nearly one hundred years on, with the City of London even more powerful, it is time its powers were abolished, and the relatively few people who live there represented by one of the neighbouring local councils, who should take over the municipal functions, with the rest absorbed by the Mayor of London and the Greater London Assembly.”

Bring in three-day weeks

“With the technology available today, the fact that so many of us commute long distances with long journey times and still work five or six days per week is ludicrous.

Why shouldn’t the four or even three day week become the norm? Surely if mechanisation, robots and other technology is reducing or replacing the need for human input, then we should all share that benefit, and all reduce our hours.

Ban companies from sacking staff

“One solution to this would be a proposal put by a candidate in the 2012 French Presidential election that profitable companies should not be allowed to make compulsory redundancies. After all, if the company is profitable what need is there to lay off staff?”

Let renters buy property automatically from landlords

“The Thatcher government introduced the right to buy (giving council tenants the right to buy the council house in which they have lived at a heavy discount), but why not have that right extended to privately rented property too? Reflecting that many people now rent their housing not from the council but from private landlords.”

Let workers take ownership of companies

“Workers should be given the right to buy too. If workers can raise the necessary funds they should have the right to buy out owners (with government subsidies to encourage). Such buy-outs could be collectively administers on workers’ behalf through trade unions, e.g. trade union members in favour could pay an additional levy into a hypothecated buy-out fund to raise money to buy-out owners.”

Let customers buy out companies

“Another variation on this model, could involve workers teaming up with regular customers to collectively raise the funds and then to jointly run the company in the interests of the workers and customers.”

Forward to the past comrades!

kibbutzim worked, or at least in the early days when there was a common cause and goal :-)

student housing cooperatives have similar high ideals, but will they actually work in the long(er) term?
i have my doubts, for eventually, you'll still end up with a landlord who'll call the shots, and you'll be back to square 1

HMRC vs Ingenious Films
does anyone know if there has yet been any sort of judgment in this case, notwithstanding that whatever it is will undoubtedly be appealed?