Jump to content


Corbyn suggests earnings limit

Recommended Posts

I'm going to focus on the last bit of your post:

 

You're pulling my leg right? By that argument you'd be happy to have the poor starving as long as everybody else is starving too. Tell me that's not what you actually think.

 

That's the system they have in Cuba and North Korea, unless your name is Castro or Kim.

Share this post


Link to post
Share on other sites
I'm going to focus on the last bit of your post:

 

You're pulling my leg right? By that argument you'd be happy to have the poor starving as long as everybody else is starving too. Tell me that's not what you actually think.

 

I don't think Cyclone actually wants that. But from what I've seen of Labour over a long period, they want social and especially income equality. Sometimes their ideological desire to punish the bosses and "tax the rich till the pips squeak" lead them down the route that means eventually everyone gets an equal sharing of misery.

 

Generally speaking it's as this processes is followed that the electorate wise up and vote in someone - anyone - who can manage the economy better. That's why invariably it s the Conservatives that have to rescue the country from itself, get slapped with the crap economy and as soon as it gets better, Labour wrest the reins from them and have another go at screwing it up....

Share this post


Link to post
Share on other sites
I don't think Cyclone actually wants that. But from what I've seen of Labour over a long period, they want social and especially income equality. Sometimes their ideological desire to punish the bosses and "tax the rich till the pips squeak" lead them down the route that means eventually everyone gets an equal sharing of misery.

 

Generally speaking it's as this processes is followed that the electorate wise up and vote in someone - anyone - who can manage the economy better. That's why invariably it s the Conservatives that have to rescue the country from itself, get slapped with the crap economy and as soon as it gets better, Labour wrest the reins from them and have another go at screwing it up....

 

 

Yes but to have somebody who's clearly not a moron come right out and say that basically it's okay for the poor to be poor as long as nobody is rich is still rather shocking.

I expect people like Corbyn to say such things, but he's a complete muppet.

Share this post


Link to post
Share on other sites
Yes but to have somebody who's clearly not a moron come right out and say that basically it's okay for the poor to be poor as long as nobody is rich is still rather shocking.

I expect people like Corbyn to say such things, but he's a complete muppet.

 

I don't think Cyclone was saying that. He was illustrating what Corbyn wants. Unlike the bearded wonder, Cyclone isn't a muppet :)

Share this post


Link to post
Share on other sites
I don't think Cyclone was saying that. He was illustrating what Corbyn wants. Unlike the bearded wonder, Cyclone isn't a muppet :)

 

I shall feel better if and when Cyclone confirms that he was referring to Cornyn's thoughts and not his own. It's not clear from the text of the post.

Share this post


Link to post
Share on other sites
I don't think Cyclone actually wants that. But from what I've seen of Labour over a long period, they want social and especially income equality. Sometimes their ideological desire to punish the bosses and "tax the rich till the pips squeak" lead them down the route that means eventually everyone gets an equal sharing of misery.

 

Generally speaking it's as this processes is followed that the electorate wise up and vote in someone - anyone - who can manage the economy better. That's why invariably it s the Conservatives that have to rescue the country from itself, get slapped with the crap economy and as soon as it gets better, Labour wrest the reins from them and have another go at screwing it up....

 

Except there are quite a few economists who say that since WW2 Labour have handled the economy far better than the Tories.

 

http://www.taxresearch.org.uk/Blog/2016/03/13/the-conservatives-have-been-the-biggest-borrowers-over-the-last-70-years/

http://www.primeeconomics.org/articles/taq30tk04ljnvpyfos059pp0w7gnpe

 

The first article might have political bias, I'm not sure though, whereas I don't think the second one has any. Either way both say similar things and are fully referenced and researched.

Share this post


Link to post
Share on other sites
Except there are quite a few economists who say that since WW2 Labour have handled the economy far better than the Tories.

 

http://www.taxresearch.org.uk/Blog/2016/03/13/the-conservatives-have-been-the-biggest-borrowers-over-the-last-70-years/

http://www.primeeconomics.org/articles/taq30tk04ljnvpyfos059pp0w7gnpe

 

The first article might have political bias, I'm not sure though, whereas I don't think the second one has any. Either way both say similar things and are fully referenced and researched.

 

Seeing that Labour generally inherit a working economy from the Conservatives that's not surprising TBH.

Share this post


Link to post
Share on other sites
Seeing that Labour generally inherit a working economy from the Conservatives that's not surprising TBH.

 

If you'd looked at the links that is taken fully into account.

Share this post


Link to post
Share on other sites

The problem with economics in a democracy is that there's generally a lag of a couple of election cycles between major decisions being taken and their full effects.

Look back in 10 years and see who's getting the credit/blame (don't want to derail the thread) for the economic effect of Brexit.

Share this post


Link to post
Share on other sites
If you'd looked at the links that is taken fully into account.

 

they don't say that at all. In particular the first one which shows that the Conservatives borrow more supports the view that they have to borrow more, and get to pay less purely because they have a basket case of an economy to deal with. Borrowing is not at all a good measure on it's own of how well someone is doing - to suggest otherwise is simply cherry picking the data.

 

At the moment there is still no money. That's the consequence of Labour piddling it up the wall some ten years back. The only reason that Labour had the money to piddle was the mid 1990's improvement in the economy which was the fruit of years of pain sorting out stagflation (another Labour gift to the Conservatives) and unemployment etc through the 1980's. Then just as the economy gets back on a sensible track, Labour promise the earth, get given control and spend everything and then sit around gormlessly wondering what went wrong - but hey no matter. It's now not up to them to fix it....

Edited by Obelix

Share this post


Link to post
Share on other sites
they don't say that at all. In particular the first one which shows that the Conservatives borrow more supports the view that they have to borrow more, and get to pay less purely because they have a basket case of an economy to deal with. Borrowing is not at all a good measure on it's own of how well someone is doing - to suggest otherwise is simply cherry picking the data.

 

 

Both articles look quite closely at whether the economy was better or worse at the end of that government taking into account relevant economic factors that might have affected things that were not in control of the government at all...and both find that in general Labour have left the economy in a better place than when they started compared to the Tories. Therefore both do clearly take into account the state of play at the start.

 

However, I do agree that Gordon Brown in particular was an utter liability with the economy and did considerable damage with things that really should have been obviously foolish at the time (such as selling off lots of gold). However, the global financial crash was not Brown's fault, we can look to the US for that one, but things could have been done to reduce the impact of it here. He did some good though, removing BoE control from the government was an excellent decision and it's only being talked about bringing it back in house because now rightly so the government can't coerce the BoE into making the government look better though manipulation of interest rates.

 

---------- Post added 12-01-2017 at 14:07 ----------

 

No, it's an argument not to have very high tax rates. It's not an argument to give up any pretence at controlling executive salary. The two things are very different.

 

Oh, and the goal is not to "make the poor better off", it's to reduce income inequality.

 

---------- Post added 12-01-2017 at 09:01 ----------

 

 

Clearly some people think that it is though (see post after yours).

 

No I totally agree. Clearly CEOs are paid too much, I doubt you'll find many who don't think they are. I do support the idea of wage caps but I can't see how they'd work without the inevitable 'brain drain' poorly because of greed and back-slapping. Although based on how awful many of the CEOs on mega-salaries seem to be perhaps losing a few of them wouldn't be a bad thing, although we'd likely end up with the good ones leaving and us being left with Mr Flowers.

Edited by sgtkate

Share this post


Link to post
Share on other sites

A brain drain can occur for many reasons. Some cite Brexit as reason why scientists may desert UK academia in favour of universities abroad. Others cite the high living costs living in London as compared to some other European cities.

It was similarly argued here, and abroad, for many years, that financial experts needed to be paid a lot of money to keep the 'best and the brightest'. If the recent financial crisis, and the many associated banking crises are anything to go by, their over inflated salaries are unwarranted.

Unfortunately, IMO, politics and finance are entwined, and politicians are in awe of a system where to make the rich work hard you need to pay more, but to make the poor work hard you've got to threaten them with redundancy or pay cuts.

Edited by Mister M

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.