-
-
-
Re: 1 Million Brits for the Chop!
One million less taxpayers + One million extra benefits = Extra billions required for budget.
Solution = Cut public sector jobs & repeat.Comment
-
Re: 1 Million Brits for the Chop!
Deflationary spiral! anybody?Comment
-
Re: 1 Million Brits for the Chop!
That is funny.Originally posted by SuitablyIronic View Post
But also suggests why the "independent study" may not become policy. :rolleyes:Comment
-
Re: 1 Million Brits for the Chop!
While I know what you were going for ...Originally posted by SuitablyIronic View Post
If you work for the Gov't you are not a taxpayer - you are a taxtaker. There is only one tax pot. They are part of a closed-loop accounting system that redistributes wealth.
If taxes worked the way most people think - then we could all work for the Gov't and give ourselves nice raises every year, slowly raises our taxes, and there would be no financial crisis.Comment
-
Re: 1 Million Brits for the Chop!
Yes. And it's an intersting situation when you think of govt jobs because of the circular reference.
So, what will the effect of these firings really have on the government revenue and expense lines (net tax taking)?
On one hand, they don't have to pay them their salary plus benefits but on the other they lose the income tax revenue and a portion of the consumption tax revenues. Also, how does that affect the income and consumption taxes of those that depend on the government employee's consumption?
Whatever that is, I bet that they're not showing what the "net savings" are correctly in the budget/propaganda.
Comment
For a concise, readable summary of iTulip concepts developed over the past 16 years and a vision of a challenging next decade and how to navigate it, read Eric Janszen's book "Post Catastrophe Economy".
Join the discussion of today's events with a wide range of professionals with an interest in economics and finance. Register to join our 50,000 plus member registered community from 78 countries today.
Subscribe to iTulip Select for access to the longest running, deep, accurate, and unvarnished macro economic trends analysis and forecasting available, since 1998.
- If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.
Working...
Tweet
Comment