tag:blogger.com,1999:blog-4411161795798360588.post7563901159081036957..comments2024-03-26T09:38:39.888+00:00Comments on Borthlas: A taxing questionJohn Dixonhttp://www.blogger.com/profile/07447224248021209852noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4411161795798360588.post-73063829668638363312011-02-07T11:30:11.196+00:002011-02-07T11:30:11.196+00:00John
It would surely be a major step forward for t...John<br />It would surely be a major step forward for the people of Wales to be able to directly invest in infrastructure projects. what is missing is the mechanism.<br />If RBS is to be broken up in the public interest then why cannot we reclaim the "Bank of Wales" as our own Plan B would be for Finance Wales to become a deposit taker.<br />Most of us are aware how Tesco is now slipping the words Tesco Bank into its Advertisements as a warm up to acquiring deposit taking status.<br /> If a supermarket can then why cant WAGAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4411161795798360588.post-46284845845557921412011-02-06T18:17:15.073+00:002011-02-06T18:17:15.073+00:00Canvassing yesterday, I gave a couple of old ladie...Canvassing yesterday, I gave a couple of old ladies who brought taxation up, pause for thought when I pointed out that the UK government could easily - without reference to us - impose Tax raising powers on the assembly - but that a good YES vote would boost our ability to resit it! <br /><br />Bit disingenuous, I know, but it is far nearer the truth than any of True Wales's lies!SiƓnnynhttps://www.blogger.com/profile/00021974709953206048noreply@blogger.comtag:blogger.com,1999:blog-4411161795798360588.post-77674949123870222432011-02-04T18:20:21.016+00:002011-02-04T18:20:21.016+00:00"It'd be like telling people that they co..."It'd be like telling people that they could only buy a house if they paid cash."<br /><br />What's wrong with that? If everybody pays cash...everybody pays cash. If everybody can borrow 3.5 salary....then houses increase to this value ie 3.5 times salary. People are no better off in the end. But we live in a debt driven society run by the banking cartel who gain interest on payments. Oh yes....credit growth also fuels inflation which is another tax on the people especially the poor who don't have property/land which increases with inflation. The poor are left with holding a devalued currency, if they are lucky enough to have any savings.<br /><br />Governments should live within their means.<br /><br />Back to your post. I agree that Wales should be able to raise it's revenue through taxation. :-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4411161795798360588.post-23249093415149327082011-02-04T18:09:07.911+00:002011-02-04T18:09:07.911+00:00Anon,
Old Miwl is right on borrowing powers, alth...Anon,<br /><br />Old Miwl is right on borrowing powers, although it wasn't the focus of the post. Capping spending at the level of income might work, just about, for revenue spending, but it doesn't work for capital spending. It'd be like telling people that they could only buy a house if they paid cash.John Dixonhttps://www.blogger.com/profile/07447224248021209852noreply@blogger.comtag:blogger.com,1999:blog-4411161795798360588.post-9995630965276452942011-02-04T17:41:46.883+00:002011-02-04T17:41:46.883+00:00Borrowing powers? Why can't governments spend...Borrowing powers? Why can't governments spend what they recieve as income and cap it at that?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4411161795798360588.post-89117056675264127812011-02-04T15:28:53.293+00:002011-02-04T15:28:53.293+00:00Being able to vary a wide range of taxes (or to ab...Being able to vary a wide range of taxes (or to abolish some and introduce others) could also be a good way of encouraging or discouraging certain types of behaviour - much in the same way as landfill tax helps to encourage councils to send less to landfill. However, I think that borrowing powers also need to be on the agenda. If the WAG wants to invest in some big infrastructure project which could help the economy, then that freedom to borrow responsibly is essential.Old_Miwlhttps://www.blogger.com/profile/14437078247835481226noreply@blogger.com