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I note our PM today has talked of needing a Rooseveltian approach to help UK overcome the economic problems caused by Coronavirus.
I couldn't agree with him more. Let's hope he and his govt have the same levels of competence that the great man had.
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I'm all for that, as long as it's not just the usual soundbites and properly funded. And by properly funded I don't mean taking the money from the local authorities to make it look like it's Boris spending the same money that the LAs are told they can't. Get some proper taxation in place as well as we are nearly bankrupt apparently rather than use a bit of smoke and mirrors.
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I wonder who will get the contracts?
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Certainly time to think about the future economy.
Would you A) invest in a socially anarchic, economical failing due to lack of tax financing, organizationally challenged, and leadership weak British economy society rather than, say, B) a more socially cohesive, economically resilient due to a willingness to accept taxes, organizationally stringent, and well led option garnering a deep degree of support?
Developed countries will be chasing finance for their growth initiatives. Countries perceived as being weaker on a basket of indicators will pay higher bounties in their loans. Those extra costs will affect the success chances of the policies they fund. Being the unstable sick man of Eurp won't help.
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With Corporation Tax the issue isn't so much the rate (although personally I think it's about 3 or 4% too low), it's the ineffective and exploitable collection régime that needs addressing.
I don't see much enthusiasm these days for punitively taxing individuals, although the issue still surfaces now and again, probably because it's a convenient faux argument to distract attention from the laxity of other areas of taxation policy and its beneficiaries - multinationals, the landowning community, et al. If they can throw the old chestnut about the left wanting to take all our money and spend it on crackpot initiatives, that will occupy public focus for a while longer and the status quo is maintained.
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No cause for alarm it seems that Al's proposals are more Penn and Teller than FDR.