Corbyn peer attacks progressive tax change with what about old people bollocks- the ones he's talking about are going to pay hardly any income tax under the proposals. This is the rubbish that got us stuck with the triple lock when Corbyn was leader- Philip Hammond as Tory chancellor was looking at getting rid of it.
Among the people who'd be taxed more are lots of "the rich" who he thinks should be taxed more. Including people who at the moment live off investment income in eg property. So that would be, compared with now, like a surcharge on this sort of investment income.
Nowhere taxes capital gains and wages at the same rate. You can certainly raise CGT but doing as he suggested would likely reduce investment and growth, as as wealth tax almost certainly would.
BTL picks up Prem's signals. The Resolution Foundation gets an A Grade for transparency funding, but easier to do the old "just asking questions" lark. A rich person taking a salary out of their own business would pay more under this proposal, at it happens.
. Jeremy Corbyn :
The Prime Minister has just delivered his Labour Conference speech.
Over the course of an hour, he shared a list of his government’s greatest achievements.
You can find them here: https://www.yourparty.uk/labourachievements
My aching sides.
"The opportunity to serve our country: that is all we ask.” John Smith, May 11, 1994.
Abernathy wrote: ↑Tue Sep 30, 2025 5:47 pm
Who says Jezza has no sense of humour ?
. Jeremy Corbyn :
The Prime Minister has just delivered his Labour Conference speech.
Over the course of an hour, he shared a list of his government’s greatest achievements.
You can find them here: https://www.yourparty.uk/labourachievements
This sounds like something you have to do to register. I'm sure they are planning on electing the leader at some point. I don't know if this account has soured on them because of the prominence of Adnan Hussain or something. Would expect them to be a big enthusiast.
You'll be amazed to hear Chris Williamson is an MMT man. In this podcast, heavyweight economic thinker Chris will be "reminding us that the UK, like the US, is not constrained by lack of money!" Is anywhere else constrained? Could, to use Jonathan Portes' reductio ad absurdam of MMT, does Chris think that Bangladesh could have a UK-style NHS if it just had the political will and did MMT? Or, to use an example closer to home for Chris, could Iran do it?
The title is perplexing, but I wouldn't be surprised if economics was revealed to be a branch of Zionism by these formidable political thinkers.
Corbyn's comedy peer. Not that you'd know from him, but there are entire towns in National Parks. As Jonn Elledge says, the size of Keswick and Aviemore don't need to be fixed at the current size. And "empty homes", jeez.
I suppose it is unthinkable to expand Keswick and Aviemore, judging by the fuss made the other day about expanding Poundbury and Fownhope, Herefordshire.
Not that I'm claiming to be wholly rational, you understand, but this "lots more immigration, but you can't build anything where people might want to live" is doing my head in. Both are pure vibes.
Last time I went to the Lake District, I visited Ruskin's house by boat from (I think) Coniston. Breathtaking mountain behind it but I recall it being run down. I don't know what amenities it had, probably not great. Perhaps building some houses on the side of it would make those amenities more sustainable.
This would probably be a devolved matter, so no strictly relevant, but it's somewhere I've been to a fair bit.
Brecon has a nice river, square and cathedral but it's not posh overall and it's by no means all old. It's nonetheless expensive. Is there perhaps some middle ground between increasing the size of the town with family homes and sticking luxury homes all over the most scenic parts of the Beacons?
- By RedSparrows