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Corbyn suggests earnings limit

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I don't know the exact details of Jeremy Corbyn's speech, however as someone who has worked in the public sector for many years previous, I've seen the creation of so many 'jobs' at the top of these organisations by people paid an absolute fortune ( in public bodies like Executives of Councils, Hospitals, Colleges). So many people working on the front line of these services are facing redundancies, wage freezes - yet this doesn't apply to those in senior positions.

 

 

West Yorkshire councils increase the minimum wage they pay from £7.19 per hour, to £8.25; we did have below inflation increases for a few years though.

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Denmark is apparently the happiest country in the world.

 

If I'm reading the Gini coefficients correctly, it also has one of the highest levels of wealth distribution inequality in the world (only Zimbabwe and Namibia are worse).

 

It does however have a low level of income distribution inequality - although not as good as Afghanistan..

 

Yes, it's the Gini coefficients that I was basing it on. I'm not saying that all poor countries are happiner, far from it, but in general those with lower inequality are happier than an equivalent with higher inequality.

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Left wing odd ball Jeremy Corbyn has suggested today that there should be an arbitrary earnings limit, conveniently in excess of his six figure salary.

 

This is dangerously naive in economic terms. Should this man be in control of the nation's opposition? This is the kind of rhetoric that drunk students spout.

 

Does anyone on here think Corbyn is right on this one?

 

It is a pretty ludicrous idea. Without knowing what he actually proposed (sorry not going through the whole thread!), so correct me if I am wrong, but he seems to think that what Hollande did in France was a great idea. Again, without knowing all the ins and outs, Hollande effectively taxed the socks out of anyone earning more than X. Rather than solve the countries urgent fiscal deficits it led to a capital flight that nearly crippled the country (correct me if I am wrong L00b).

 

What Corbyn ought to strive for is a more balanced economy, but he clearly does not know how to achieve that. He is rapidly becoming a Conservative Socialist on the political spectrum, without realising it. He is most certainly not a Progressive Socialist...

 

---------- Post added 10-01-2017 at 13:35 ----------

 

Yes, it's the Gini coefficients that I was basing it on. I'm not saying that all poor countries are happiner, far from it, but in general those with lower inequality are happier than an equivalent with higher inequality.

Google the Gross National Happiness index. It is a very interesting piece of work, developed by the king of Bhutan in 1974 of all people. Financial wellbeing plays a tiny part in that and completely flips the trendy 'National Happiness' studies that emerged like mushrooms in the last decade on its head. The problem with more modern measures being that they have been devised by economists who, not surprisingly, think a certain amount of Pecunia are relevant to happiness.

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It is a pretty ludicrous idea. Without knowing what he actually proposed (sorry not going through the whole thread!), so correct me if I am wrong, but he seems to think that what Hollande did in France was a great idea. Again, without knowing all the ins and outs, Hollande effectively taxed the socks out of anyone earning more than X. Rather than solve the countries urgent fiscal deficits it led to a capital flight that nearly crippled the country (correct me if I am wrong L00b).

 

What Corbyn ought to strive for is a more balanced economy, but he clearly does not know how to achieve that. He is rapidly becoming a Conservative Socialist on the political spectrum, without realising it. He is most certainly not a Progressive Socialist...

 

---------- Post added 10-01-2017 at 13:35 ----------

 

Google the Gross National Happiness index. It is a very interesting piece of work, developed by the king of Bhutan in 1974 of all people. Financial wellbeing plays a tiny part in that and completely flips the trendy 'National Happiness' studies that emerged like mushrooms in the last decade on its head. The problem with more modern measures being that they have been devised by economists who, not surprisingly, think a certain amount of Pecunia are relevant to happiness.

 

Thanks Tim, I'll look it up. I was saying something vaguely similar further up the thread about how we look at money in isolation and that's silly.

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the really big speech is apparently coming up later this afternoon. That's not an interview. It's an actual public speech, in Peterborough, a massively Leave area but which is exactly the seat Labour need to win if they have a chance to form a government - unlike the Copeland by-election seat coming up which is not a marginal and which Labour, can and do win even when they lose General Elections, Peterborough really IS a marginal. Labour have to get Peterborough if they are ever going to govern again.

 

of course with Corbyn they have no chance of getting even Copeland never mind Peterborough.

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It is a pretty ludicrous idea. Without knowing what he actually proposed (sorry not going through the whole thread!), so correct me if I am wrong, but he seems to think that what Hollande did in France was a great idea. Again, without knowing all the ins and outs, Hollande effectively taxed the socks out of anyone earning more than X. Rather than solve the countries urgent fiscal deficits it led to a capital flight that nearly crippled the country (correct me if I am wrong L00b).
Valls made him see the error of his ways reasonably quickly (as French political pace goes), so it never turned out as bad as it could have. But the damage was done. The measure was political hara-kiri for Hollande either way: do it and kill off the golden goose; don't do it and renege a main electoral promise. He managed to do both! Stylin' :hihi:

 

It certainly made much of the electoral bed of Juppé Fillon. Arguably more so than the sentiment of insecurity on the back of terror attacks, because the middle classes ended up copping for most of the measure (in total revenue/tax ratio terms, relative to the 'properly' wealthy).

Did he wake up this morning and decide to kill the Labour Party?
That was pretty much my insta-assessment on watching Breakfast news this morning (...and so I still think he's a really Tory plant ;) ) Edited by L00b

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Left wing odd ball Jeremy Corbyn has suggested today that there should be an arbitrary earnings limit, conveniently in excess of his six figure salary.

 

This is dangerously naive in economic terms. Should this man be in control of the nation's opposition? This is the kind of rhetoric that drunk students spout.

 

Does anyone on here think Corbyn is right on this one?

 

The man is a complete nutcase . His far left socialism views have no place in modern society.

 

---------- Post added 10-01-2017 at 14:23 ----------

 

He's not finished today either. Despite the brexit result, and a lot of leavers are in old labour constituencies he's now said that immigration isn't too high. http://www.bbc.co.uk/news/uk-politics-38561501

 

Did he wake up this morning and decide to kill the Labour Party?

 

He did that when he was elected their leader.

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It just so deluded and unworkable it's laughable.

 

I read an article the other day that said that Lord Sugar paid himself £181 million in dividends last year (before the rise in tax on dividends). He still paid around £40 million in tax from that sale.

 

What is Corbyn proposing? If he isn't included things like income from dividends from his cap then it is absolutely pointless, as that is how the super wealthy pay themselves - very few people actually have a salary in excess of £1million say, and anyway if they did, they'd just make sure they they were paid in dividends (or some other method) in the future.

 

If Corbyn is including dividends, then he must be willing to let the country lose a hell of a lot of money in tax revenue. Alan Sugar wouldn't have paid the £40million he did for example.

 

How can a man who clearly has no idea about how the economy works be in charge of the opposition.

 

 

Precisely. It didn't work the last time. We just got the brain drain, and it wouldn't work a next time.

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Apparently he's just done a U turn and says he doesn't want to cap wages after all, hours after saying that was what he wanted.

 

Perhaps somebody told him what a stupid idea it is - shame somebody didn't tell him before he announced his intention on national television..

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What spending would you cut when tax revenue goes down as a result?

 

Trident

Foreign wars

Rail subsidies

Farming subsidies

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Unfortunately as much as I love his ideals and him, Corbyn is losing the plot. This isn't the first time he's his own opinion as Jeremy Corbyn and not as the leader of the Labour party and it's come back to bite him. In work I give my opinions as the employee SgtKate, not the online ranter, I'd be sacked if I did that. If I can learn to separate the 2 then I would have thought he'd have got the idea by now.

 

I think he needs to go, and hopefully be replaced by someone with similar ideals but perhaps a slightly more professional demeanour. Either that or keep going and hope the LibDems become the opposition.

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