Theresa May and Hammond's Autumn Statement,

[Anna B 1,414]

Well for all her talk about helping the 'Jams' (Just About Managing) Theresa May has failed the first test, with Philip Hammond's Autumn statement.

 

Instead of helping, these people it seems will be worse off. The Tax changes will of course mostly help the rich. The tax take has actually gone down in spite of 'more people being in work than ever before' so something wrong there, and in spite of all the (devastating) cuts and austerity the national debt is bigger than ever. Not exactly a resounding Tory success after 7 years.

 

Meanwhile the newly elected Pirate Party in Iceland is about to introduce a Basic Income Guarantee which will pay everyone over 16 a tax free income of about 213 Euros a week. They stood up to their bankers, looked forward to the likely future, (more automation and robotics,) and seem to have made a lot more progress than we have, digging our heads in the sand.

 

Your comments?

[Santo 10]

Well for all her talk about helping the 'Jams' (Just About Managing) Theresa May has failed the first test, with Philip Hammond's Autumn statement.

 

Instead of helping, these people it seems will be worse off. The Tax changes will of course mostly help the rich. The tax take has actually gone down in spite of 'more people being in work than ever before' so something wrong there, and in spite of all the (devastating) cuts and austerity the national debt is bigger than ever. Not exactly a resounding Tory success after 7 years.

 

Meanwhile the newly elected Pirate Party in Iceland is about to introduce a Basic Income Guarantee which will pay everyone over 16 a tax free income of about 213 Euros a week. They stood up to their bankers, looked forward to the likely future, (more automation and robotics,) and seem to have made a lot more progress than we have, digging our heads in the sand.

 

Your comments?

 

As anyone with more than a few brain cells could have told you; Brexit will harm the rich less than the poor.

 

(For balance I will add, if Brexit does indeed cause harm)

[alchresearch 214]

Meanwhile the newly elected Pirate Party in Iceland is about to introduce a Basic Income Guarantee which will pay everyone over 16 a tax free income of about 213 Euros a week. They stood up to their bankers, looked forward to the likely future, (more automation and robotics,) and seem to have made a lot more progress than we have, digging our heads in the sand.

 

No they haven't. The parties can't agree to a coalition at the moment.

 

Iceland in election stalemate as Left Greens coalition bid fails

Biggest and second-biggest winners both fail to pull together a government, with third-placed Pirate party now offering to try

 

https://www.theguardian.com/world/2016/nov/24/iceland-in-election-stalemate-as-left-greens-coalition-bid-fails

[Santo 10]

No they haven't. The parties can't agree to a coalition at the moment.

 

Iceland in election stalemate as Left Greens coalition bid fails

Biggest and second-biggest winners both fail to pull together a government, with third-placed Pirate party now offering to try

 

https://www.theguardian.com/world/2016/nov/24/iceland-in-election-stalemate-as-left-greens-coalition-bid-fails

 

Haha. Not like Anna B to make a false claim.

[Flexo 10]

Instead of helping, these people it seems will be worse off. The Tax changes will of course mostly help the rich. The tax take has actually gone down in spite of 'more people being in work than ever before' so something wrong there, and in spite of all the (devastating) cuts and austerity the national debt is bigger than ever. Not exactly a resounding Tory success after 7 years.

 

To be fair, the Long Term Economic Plan had to be abandoned after the referendum. Brexit will be massively expensive and the government and the poorest will suffer. Maybe in some decades time we will say it was a good thing but there is a lot of pain to come first.

 

Meanwhile the newly elected Pirate Party in Iceland is about to introduce a Basic Income Guarantee which will pay everyone over 16 a tax free income of about 213 Euros a week. They stood up to their bankers, looked forward to the likely future, (more automation and robotics,) and seem to have made a lot more progress than we have, digging our heads in the sand.

 

That's a great idea. I totally agree that the increasing automation means that we cannot continue to pretend that everyone must work.

 

I voted Pirate in the general election and everyone else should too

 

They are a much better way to replace the established order than voting for fascism.

[BHRemovals 10]

according to today's bbc news at one, the Jams aint going to see nothing.

[Berberis 10]

It was a damp squib at best and the devil is in the unannounced changes such as canning the flat rate VAT rates for many etc.

[the_bloke 17]

'JAMs', the latest buzzword

 

A few years ago we'd have called them people on lower incomes without significant benefit claims living within their means, now they are special snowflakes. One part time worker was in the news this week classing themselves as a JAM because they hadn't been able to go on holiday this year.

[Randy 10]

Well for all her talk about helping the 'Jams' (Just About Managing) Theresa May has failed the first test, with Philip Hammond's Autumn statement.

 

Instead of helping, these people it seems will be worse off. The Tax changes will of course mostly help the rich. The tax take has actually gone down in spite of 'more people being in work than ever before' so something wrong there, and in spite of all the (devastating) cuts and austerity the national debt is bigger than ever. Not exactly a resounding Tory success after 7 years.

 

Meanwhile the newly elected Pirate Party in Iceland is about to introduce a Basic Income Guarantee which will pay everyone over 16 a tax free income of about 213 Euros a week. They stood up to their bankers, looked forward to the likely future, (more automation and robotics,) and seem to have made a lot more progress than we have, digging our heads in the sand.

 

Your comments?

 

So where would the money come from to pay everyone 213 euros a week? And if everyone got it, what would be the incentive for anyone to go out to work?

 

I'm not sure why people expect free handouts from budgets. If you're 'Just About Managing', it's up to you to do something about it, not the government!

[alchresearch 214]

'JAMs', the latest buzzword

 

Absolutely. These will always be the JAMs to me:

 

[Obelix 11]

Well for all her talk about helping the 'Jams' (Just About Managing) Theresa May has failed the first test, with Philip Hammond's Autumn statement.

 

Instead of helping, these people it seems will be worse off. The Tax changes will of course mostly help the rich. ........

 

Your comments?

 

As usual you don't know what you are talking about.

 

Have you done the numbers and seen which grouping has taken the biggest hit? I'll give you a clue - it's not the poor.

 

Meanwhile Hammond quite rightly has pointed out that the triple lock is going to be unsustainable and that pensioners are going to have to accept a bit of the pain as well. That's something for you really to get outraged about.

[Anna B 1,414]

So where would the money come from to pay everyone 213 euros a week? And if everyone got it, what would be the incentive for anyone to go out to work?

 

I'm not sure why people expect free handouts from budgets. If you're 'Just About Managing', it's up to you to do something about it, not the government!

 

We are living through changing times. The third industrial revolution (ie automation and robotics) is going to mean vast numbers without work.

 

But productivity will probably go up thanks to automated production methods, eg (simplified) Assume 10 men can make 1 car and it sells for £1.000. 1 robot can make 10 cars. 10 men are put out of work. But there are still 10 cars to sell making £10,000 and no men to pay.

 

That's where the money should come from to pay everyone an income. Without such distribution 10 men live in poverty and can't afford to buy anything.