A champion of the people emerges with the age-old and appealing promise of "something for nothing" - to be financed through every-increasing taxes. Supply and demand are thrown out of gear - the overhead goes up; the effective use of human energy goes down; the standard of living is lowered because money cannot buy wealth that is not produced.
WEAVER, HENRY GRADY,
So now Im the liar ???
Lets look at what I actually said.
I stand over that 100%. Just in case you try to deny itWhat you have repeatedly advocated is that under no circumstances should anyone be fired or laid off. It is never the employees fault and always the managers.
I think that's pretty definitive.. Don't you ?
Now to the next statement I made
There are actually a few quotes I could link here but in the process of digging one out I found one that not only covered this statement but also placed some light on what you consider "equity"You have also repeatedly advocated that public sector workers terms and conditions should be protected. You have done so for many sectors (especially nurses) and indeed in same cases even called for pay increases.......
So call me a liar now....
The key is to get money moving and that is best done by hard redistribution. I would introduce two new rates of 55% and 65% to start with. All windfall income, that is gains from non-productive activity, would be taxed at 75%. Putting money into the hands of those at the lower end of the socio-economic ladder will see that money moved quickly into the economy thereby boosting other activity. We must get the money that is there working and stop the greed merchants hoarding it.
Cutting welfare and putting people on the dole would be disasterous and would place enormous strain on social order. Today, people will not just roll over and accept hardship, while a chosen elite continue go on their merry way.
No, on second thoughts, you are not a liar, because you clearly cannot even recognise a lie when you see one. Read your post again. This has got to be the most rediculous and childish attempt to interpret what I said to suit your silly view.
And once again for the slow learners, in all my posts I advocate fair distribution of the burden rather than placing that on any one group. You on the other hand want to slash PS workers pay, cut welfare while not in any way addressing the appalling unfair taxation system that has come about in the past 12 years.
Heretofore I regarded you as a bit of a joke, with this attempt to manipulate posts, I now think that you are a sinsiter presence here. Either isloated and bitter or the paid lackey of a moneygrubber.
I could live with that.
Why two new rates? The current marginal rate is just below 51% why introduce a rate at 55%?
I not sure what you mean by the 75% windfall tax on unproductive sectors. What are those sectors?
Apart from the windfall tax, which I'm not sure what it is, those measures would raise about €2.5bn.
The rates would need to be determined following indepth study of the position that optains.
Non-productive relates to all income that derives from an action that simply produces nothing. Such a definition was used for a period in the US. When Elvis Presley started out, all his taxable income attracted a rate of 95%. Another example woould be the case where Tony O'Reilly, shortly after been given the license to explore for gas/oil off the Cork/Kerry coast, sold shares in the holding company to a Texan company for a reported $20 million dollars. That is the type of income that should attract a very high rate of tax. If such a rate had existed during the bubble it would have had a controlling impact on the speculating that went on with land dealing etc
Last edited by hopi watcher; 1st October 2009 at 07:44 AM.
by hopiwatchers insane wealth destruction tax system the 'never worked live off the system animals' would be more 'wealthy' than our Entrepreneurs.