A Political Thread

[Bada-Bing!]

They should get rid of IHT altogether IMO. It brings in little in way of revenue compared to Income tax, NIC and VAT, which makes up 75% of Government tax revenue. Its hated as being the most unfair of the taxes, as it's natural to want to leave what you earned during your life time and paid tax on to your Loved ones. Still, to address the unfairness aspect i think they should just replace with a capital gains tax and the beneficiary pays that instead.

 

[ncurd]

My only arguement for IHT is you only pay it if your estate is worth more than 325k, most folks will never pay a penny of it.

If you leave it to your children and grandchildren it rises to 475k

Any unused threshold can also be passed onto your spouse. So it's actually 950k


https://www.gov.uk/inheritance-tax


It a rich people's tax most will never pay a penny of it.

 

[Bada-Bing!]

My only arguement for IHT is you only pay it if your estate is worth more than 325k, most folks will never pay a penny of it.

If you leave it to your children and grandchildren it rises to 475k

Any unused threshold can also be passed onto your spouse. So it's actually 950k


https://www.gov.uk/inheritance-tax


It a rich people's tax most will never pay a penny of it.

https://www.independent.co.uk/news/...richest-men-family-trusts-rules-a7998246.html

Or in the case of the super rich, only 6% as opposed to 40%, like the Duke of Westminster.

 

[ncurd]

https://www.independent.co.uk/news/...richest-men-family-trusts-rules-a7998246.html

Or in the case of the super rich, only 6% as opposed to 40%, like the Duke of Westminster.

Well yeah that's the bigger problem. The super rich dont pay their share of income tax either and don't get me started on the NI thresholds....

Anyway my simple point is it's not a vast injustice of the taxation system. It's something thats made to sound far bigger because it effects big Tory doners and the like. Still it make people get scared.

However they are quite happy to bring in policies to sell off your estate to pay for care you require if you can't afford it.

 

[Bada-Bing!]

The tax system is a mess and has been messed over by successive governments, not just the Tories. Labour have messed it up as well and our tax system is not really fit for purpose. Still, it's better than other countries like Nigeria and Greece.

 

[General Melchett]

So fed up of Tory politicians using the slogan we need to 'Get Brexit done'. They are all saying it repeatedly. You can see which type of voters they are aiming for with such simplistic language.

 

[Which Tyler]

So fed up of Tory politicians using the slogan we need to 'Get Brexit done'. They are all saying it repeatedly. You can see which type of voters they are aiming for with such simplistic language.

Ones who don't understand how damaging it will be, and those who don't understand that it will just be the startmor at least a decade not negotiating, just with the EU?

 

[General Melchett]

Ones who don't understand how damaging it will be, and those who don't understand that it will just be the startmor at least a decade not negotiating, just with the EU?

Pretty much. Also those who were easily conned into thinking it was a choice between the nasty EU v NHS. They don't seem to get that delivering Brexit will not ensure immediate closure. This will be in the news for years and years. The LDs and Labour (as soon as they replace Corbyn with a more centrist figure) will be campaigning to rejoin the EU.

 

[Ragey Erasmus]

Old but still pretty valid...

 

[Bada-Bing!]

They're bringing back spitting image arent they? More relevant than ever to have a satire show like it on TV.

Edit: it sure is. https://www.theguardian.com/tv-and-...-returns-chaotic-times-trump-putin-zuckerberg

 

[Which Tyler]

https://www.thetimes.co.uk/edition/...ister-of-national-unity-government-k3gtj29fw?

"John Bercow has been proposed for the role of Britain's caretaker prime minister, as opposition parties plot to sidestep Jeremy Corbyn and form a "government of national unity" composed entirely of prominent backbenchers.

The Commons Speaker has emerged as the new favourite in the race to take over from Boris Johnson if opposition parties succeed in ousting the prime minister with a vote of no confidence.

Bercow would lead a "cabinet of all the talents" made up of backbenchers and MPs leaving parliament at the next election, under plans floated by opposition parties last week.

The idea has been proposed as a way to avoid a clash with the Labour leader, who has insisted that only he can lead a caretaker government despite not having the support of other opposition parties.

One source familiar with the idea said: "If none of the opposition party leaders are given roles in the cabinet, then it should allay Corbyn's fears that his authority will drain away if he does not become caretaker prime minister."

The proposal is for the cabinet to be made up entirely of "clean skins" — MPs unrestricted by party loyalty — who can work together in the "national interest" rather than "narrow partisan interests", according to another source.

"MPs who are standing down will also be able to rise above their own self-interest because they will not be seeking re-election, meaning they will be able to put the country before their own parties," the source added.

Some of those MPs expected to be called on to serve include Ken Clarke and Sir Oliver Letwin.

Sir Vince Cable has told friends he would be prepared to join such a cabinet amid speculation that he is eyeing up the job of chancellor.

Despite the Scottish National Party (SNP) pushing for a vote of no confidence in Johnson during last week's Conservative Party conference, opposition parties are unlikely to act before the Queen's speech on October 14.

One senior Tory rebel said: "To be frank, if Corbyn hadn't insisted on leading a government of national unity, we'd probably already have one by now."

 

[Which Tyler]

https://www.newstatesman.com/politi...y-uk-cannot-see-brexit-utterly-utterly-stupid

Why the UK cannot see that Brexit is utterly, utterly stupid

The British press helped condone austerity. It's now blinding us to the stupidity of Brexit.

If you talk to almost anyone overseas, except those at the right-wing extreme (like Trump) or part of a tiny minority of the left, their reaction to Brexit is similar that of the former prime minister of Finland. What the UK is doing is utterly, utterly stupid. An act of self harm with no point, no upside. Sometimes outside opinion is based on incomplete or biased information and should be discounted, but on Brexit it is spot on. So why are so many people in the UK unable to see what outsiders can see quite clearly?

The days when Leavers talked about the sunlit uplands are over. Liam Fox has not even managed to replicate the scores of trade deals the UK will lose when we leave the EU. As for independence, Leavers cannot name any laws imposed on the UK by the EU that they do not like. Since the referendum, even public attitudes to immigration have become much more favourable.

Article Continues

 

[Amiga500]

So fed up of Tory politicians using the slogan we need to 'Get Brexit done'. They are all saying it repeatedly. You can see which type of voters they are aiming for with such simplistic language.

Absolutely.

Them saying "we need to get Brexit done so we can get on with meeting the day to day needs of the country" is akin to blowing off both your legs with a bomb, then seeking to manicure your toe nails afterwards.

Its completely f__king idiotic.

Hey everyone - lets all sign up to a deal quick so we can have a ~10-15% drop in GDP over the next 15 years - but sure once its done we can tweak how we spend approximately 0.5% of GDP.

 

[TRF_Olyy]

https://twitter.com/realDonaldTrump/status/1181232249821388801?s=19

How is that not a parody

 

[Which Tyler]

Quite a bit to get through overnight, most notably (I think) these two:

https://www.theguardian.com/politic...nt-by-point-rejection-of-johnsons-brexit-plan
Revealed: the EU's point-by-point rejection of Johnson's Brexit plan


https://blogs.spectator.co.uk/2019/10/how-number-10-view-the-state-of-the-negotiations/
How Number 10 view the state of the negotiations


I'm unlikely to have a chance to actually pick through these until much later today.


Elsewhere, the Pasty Cockwomble calls Extension Rebellion "uncooperative crusties". Being uncooperative is the whole point of the thing, whereas the reason it's got so big is that it's NOT just crusties.

However, great to see Pasty Cockwomble sticking to his principles of escalating everything he possibly can escalate.

https://www.bbc.co.uk/news/uk-49967784

 

[Reiser99]

Quite a bit to get through overnight, most notably (I think) these two:

https://www.theguardian.com/politic...nt-by-point-rejection-of-johnsons-brexit-plan
Revealed: the EU's point-by-point rejection of Johnson's Brexit plan


https://blogs.spectator.co.uk/2019/10/how-number-10-view-the-state-of-the-negotiations/
How Number 10 view the state of the negotiations


I'm unlikely to have a chance to actually pick through these until much later today.


Elsewhere, the Pasty Cockwomble calls Extension Rebellion "uncooperative crusties". Being uncooperative is the whole point of the thing, whereas the reason it's got so big is that it's NOT just crusties.

However, great to see Pasty Cockwomble sticking to his principles of escalating everything he possibly can escalate.

https://www.bbc.co.uk/news/uk-49967784

It's basically where it's always been. Nobody actually thinks a deal is possible and everyone is just positioning themselves to try and avoid the blame with the voters and capitalise in the next election.

 

[ncurd]

Just heard that a friend has had a 3.3 million pound grant put on hold due to Brexit. They work at GOSH, are likely to have to make staff redundant before Christmas ducking fuming.

 

[Reiser99]

Just heard that a friend has had a 3.3 million pound grant put on hold due to Brexit. They work at GOSH, are likely to have to make staff redundant before Christmas ducking fuming.

That's appalling. Hope there is some coverage on it from the media, though quite possibly it will go under the radar.

 

[Which Tyler]

Just heard that a friend has had a 3.3 million pound grant put on hold due to Brexit. They work at GOSH, are likely to have to make staff redundant before Christmas ducking fuming.

 

[Amiga500]

Just heard that a friend has had a 3.3 million pound grant put on hold due to Brexit. They work at GOSH, are likely to have to make staff redundant before Christmas ducking fuming.

Horrible for them...

... and I'm sure its just the tip of the iceberg.


At this point, I'm not even sure the worst of left-wing labour would leave the country in a more precarious situation... and they'd leave it utterly bankrupt.

Boris Johnson could lead the UK to a unique event (to my knowledge) - an advanced economy regressing through transition to less developed.