Coronavirus - A pale horse,4 men and ....beer

[Tuco]

I keep logging in to see whether the next version is available - really hoping a couple of very simple updates will be included - they've been mentioned in the suggestions area and will be of immediate use to me and everyone else

[superfrank]

So why did Roosevelt raise taxes after WW2. And it worked. The US is pretty successful, don't you think?

I suspect that success had nothing to do with increasing taxes on income.

I'm firmly on the right but I believe we should tax wealth more and income less. It's a way to reduce inequality without resorting to higher tax and spend (which always fails because governments cannot allocate capital efficiently).

The Guardian and IPPR are firmly on the left but I tend to agree with this...

Taxing wealth at lower rate than income is wrong, says thinktank
https://www.theguardian.com/inequality/ ... -thinktank

[greenmark]

So why did Roosevelt raise taxes after WW2. And it worked. The US is pretty successful, don't you think?

I suspect that success had nothing to do with increasing taxes on income.

I'm firmly on the right but I believe we should tax wealth more and income less. It's a way to reduce inequality without resorting to higher tax and spend (which always fails because governments cannot allocate capital efficiently).

The Guardian and IPPR are firmly on the left but I tend to agree with this...

Taxing wealth at lower rate than income is wrong, says thinktank
https://www.theguardian.com/inequality/ ... -thinktank

The world economy is a depiction of human effort and innovation. Sure enough, that process has been squished. But just watch the explosion of capitalist invention when CV19 is collared or blows over of its own accord.

[firlandsfarm]

I'm firmly on the right but I believe we should tax wealth more and income less. It's a way to reduce inequality without resorting to higher tax and spend (which always fails because governments cannot allocate capital efficiently).

I'm also a 'rightie' but have always felt that you should let people keep as much from what they create as is possible but tax as hard as possible what they choose to give away to others (charities excluded) or leave behind on death. Such a transition would be difficult but achievable. It seems to me the fairest form of taxation ... you earned it you keep it, offspring did not earn it why should they get it? So the wealth you create would effectively be leased to you during your lifetime (and that of your partner).

My problem with wealth taxes is me! I have above average capital but not surplus income so I would have to realise some of my capital assets to pay such a tax.

[superfrank]

I'm also a 'rightie' but have always felt that you should let people keep as much from what they create as is possible but tax as hard as possible what they choose to give away to others (charities excluded) or leave behind on death. Such a transition would be difficult but achievable. It seems to me the fairest form of taxation ... you earned it you keep it, offspring did not earn it why should they get it? So the wealth you create would effectively be leased to you during your lifetime (and that of your partner).

My problem with wealth taxes is me! I have above average capital but not surplus income so I would have to realise some of my capital assets to pay such a tax.

The article relates to taxing income from wealth rather than wealth itself.

I agree with you on inheritance tax. I think Warren Buffet has said that he'll leave 99% of his wealth to charity.

[firlandsfarm]

The article relates to taxing income from wealth rather than wealth itself.

So are you thinking we go back to the days of the IIS (Investment Income Surcharge). The downside is that it discourages investment for income and penalises savers, especially those who are retired but the upside is that because of the disincentive to save it encourages spending which will help recovery. Personally as a retired tax adviser I think the whole system needs to be revamped and would welcome an open discussion. Our tax system is far too complicated which is why I had a career!

[superfrank]

So are you thinking we go back to the days of the IIS (Investment Income Surcharge). The downside is that it discourages investment for income and penalises savers, especially those who are retired but the upside is that because of the disincentive to save it encourages spending which will help recovery. Personally as a retired tax adviser I think the whole system needs to be revamped and would welcome an open discussion. Our tax system is far too complicated which is why I had a career!

I haven't a clue how it could be implemented but feel that the last thing we should be taxing more is income from work.

Yes, maybe this would be a good time to introduce a fairer and simpler system.

[sionascaig]

So are you thinking we go back to the days of the IIS (Investment Income Surcharge). The downside is that it discourages investment for income and penalises savers, especially those who are retired but the upside is that because of the disincentive to save it encourages spending which will help recovery. Personally as a retired tax adviser I think the whole system needs to be revamped and would welcome an open discussion. Our tax system is far too complicated which is why I had a career!

I haven't a clue how it could be implemented but feel that the last thing we should be taxing more is income from work.

Yes, maybe this would be a good time to introduce a fairer and simpler system.

Maybe need to look at how "surplus" within the economy is distributed and base a taxation system on what is deemed "fair". Not that that would really help with the vast accumulations of personal wealth that have already been accumulated due to unfair distribution in the past )

[StellaBot]

Here is course that might be worthwhile for some
It is hours long ,but in stages if necc
but then , life can be longer

https://www.coursera.org/learn/covid19-epidemiology

Other interesting articles also
CHECK IT OUT

[greenmark]

Just watched interview on BBC with Greg Clarke. In his bookcase right by his right ear is a book with SPQR. Any thoughts on that? Is he implying he's part of Roman Empire-like adminsitration. It was so staged. His eyes were flicking from webcam to (presumably) his image. Checking that SPQR was as visible as possible. Or am I going 'lockdown crazy'? Parnsip, cullender, flange!!!!

[Kafkaesque]

Just watched interview on BBC with Greg Clarke. In his bookcase right by his right ear is a book with SPQR. Any thoughts on that? Is he implying he's part of Roman Empire-like adminsitration. It was so staged. His eyes were flicking from webcam to (presumably) his image. Checking that SPQR was as visible as possible. Or am I going 'lockdown crazy'? Parnsip, cullender, flange!!!!

Without having seen the interview, unless you want to speculate that he's trying to signal Illuminati, then the safe bet is that he's just being a pretentious prat. Some people just cannot help themselves.

Part of what made this classic https://www.youtube.com/watch?v=Mh4f9AYRCZY extra funny to me, was how the chaos erupted into what he seemed to have been a perfectly staged room. A World map right behind, a bookcase to one side. Then a big pile of papers to his right with a monster book on top to signal busy and smart, or whatever, and three stacks of books perfectly aligned and with equal height at the foot of the bed to his left. Who places books on the foot of the bed? Some people just try so hard, that they comes off the opposite of the intended.

[greenmark]

A week or so ago Lisa Nandy was on Andrew Marr. Again, over her right shoulder, but essentially stage front, was the book Catch 22.

[Kai]

Part of what made this classic https://www.youtube.com/watch?v=Mh4f9AYRCZY

The only reason he didn't get up is because he didn't have trousers on.

At least that's what the first comment on there says I can never get tired of seeing that clip, thanks Kaf.

[Derek27]

Another flipping hypocrite makes 'an error of judgement' in ignoring his own lockdown advice to the government.

Edit: mind you, if that's the bird he was seeing I'd do the same.

[Archery1969]

Another flipping hypocrite makes 'an error of judgement' in ignoring his own lockdown advice to the government.

Edit: mind you, if that's the bird he was seeing I'd do the same.