[Kizzy]

Originally Posted by Livia

He would overspend. ALL Labour governments overspend. Then the Tories would get back in once Labour has spent everything and have to cut back again. It's a cyclical thing.

You have to speculate to accumulate...

Take our railways and utilities bake that have been run into the ground they were always in the black, that's a start.

Have I to mention the royal mail sell off fiasco? How are we to make money if we have nothing .. and we keep lowering taxes... how do we make money?

Become a tax haven?...sell more bombs?

Not for my families future.

[Oliver_W]

Originally Posted by Kizzy

Have I to mention the royal mail sell off fiasco? How are we to make money if we have nothing .. and we keep lowering taxes... how do we make money?

Re the lowering of taxes, a handful of US states don't have any personal income tax, and they have budget surpluses. Offhand I think they are Nevada, South Dakota, Wyoming, and Florida (which might have been affected by the hurricane).

People have more money in their pockets, so it gets spent (VAT gets paid), and it goes to businesses, who pay business tax.