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Be Sure Your Chicanery Will Come Home To Roost!


Gluestick
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Balls, Brown and Millipede caught live on camera, when they were in process of destabilising the UK financial system and economy!

See

Thanks to this moronic action, by vesting total control in a new untried and more critically, unproven, agency, and  by failing to restrain Hard Eddy George from his own lunatic soft money concept, result a massive personal debt balloon, uncontrolled house price explosion and fiscal and economic disaster!

Yet these same clowns are presently trying to seduce the idiot electorate to let have yet another go at ruining what little remains!

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I can't imagine why that's hit the public domain at this time?[Www] There are other countries who didn't follow that ideal who are worse off still than the UK, I know a new lot came in and put the breaks on the runaway train but that also gives a massive leeway to alter peripherals on the sly.

Are any of them to be trusted? do you choose the elected on the basis of the least worse?

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Perhaps it's a good time to remind the electorate that:

"Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people's money. It's quite a characteristic of them."

No denying the truth of that of with the last shower !

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·

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· In my many years I have come to a conclusion that

one useless man is a shame, two is a law firm and three or more is a

congress.

-- John Adams

· *****

· If you don't read the newspaper you are uninformed,

if you do read the newspaper you are misinformed.

-- Mark Twain

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Suppose you were an idiot. And suppose you were a member of Congress. But

then I repeat myself.

-- Mark Twain

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I contend that for a nation to try to tax itself into prosperity is like a

man standing in a bucket and trying to lift himself up by the handle.

-- Winston Churchill

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A government which robs Peter to pay Paul can always depend on the support of

Paul.

-- George Bernard Shaw

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Democracy must be something more than two wolves and a sheep voting on what

to have for dinner.

-- James Bovard, Civil Libertarian (1994)

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Foreign aid might be defined as a transfer of money from poor people in rich

countries to rich people in poor countries.

-- Douglas Casey, Classmate of Bill Clinton at Georgetown University

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Giving money and power to government is like giving whiskey and car keys to

teenage boys.

-- P.J. O'Rourke, Civil Libertarian

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Government is the great fiction, through which everybody endeavors to live at

the expense of everybody else.

-- Frederic Bastiat, French economist(1801-1850)

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Government's view of the economy could be summed up in a few short phrases:

If it moves, tax it. If it keeps moving, regulate it. And if it stops moving,

subsidize it.

-- Ronald Reagan (1986)

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I don't make jokes. I just watch the government and report the facts.

-- Will Rogers

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In general, the art of government consists of taking as much money as

possible from one party of the citizens to give to the other.

-- Voltaire (1764)

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Just because you do not take an interest in politics doesn't mean politics

won't take an interest in you!

-- Pericles (430 B.C.)

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No man's life, liberty, or property is safe while the legislature is in

session.

-- Mark Twain (1866)

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Talk is cheap...except when Congress does it.

-- Anonymous

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The government is like a baby's alimentary canal, with a happy appetite at

one end and no responsibility at the other.

-- Ronald Reagan

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The inherent vice of capitalism is the unequal sharing of the blessings. The

inherent blessing of socialism is the equal sharing of misery.

-- Winston Churchill

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The only difference between a tax man and a taxidermist is that the

taxidermist leaves the skin.

-- Mark Twain

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·

The ultimate result of shielding men from the effects of folly is to fill the

world with fools.

-- Herbert Spencer, English Philosopher (1820-1903)

· *****

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There is no distinctly Native American criminal class...save Congress.

-- Mark Twain

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What this country needs are more unemployed politicians.

-- Edward Langley, Artist (1928-1995)

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A government big enough to give you everything you want, is strong enough to

take everything you have.

-- Thomas Jefferson

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We hang the petty thieves and appoint the great ones to public office.

-- Aesop

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FIVE BEST SENTENCES

1. You cannot legislate the poor into prosperity by legislating the wealth

out of prosperity.

2. What one person receives without working for...another person must work

for without receiving.

3. The government cannot give to anybody anything that the government does

not first take from somebody else.

4. You cannot multiply wealth by dividing it.

5. When half of the people get the idea that they do not have to work,

because the other half is going to take care of them, and when the other half

gets the idea that it does no good to work, because somebody else is going to

get what they work for, that is the beginning of the end of any nation!

 

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If you are going to attack the Tories about the tax benefits of hedge funds or tax avoidance by their donors you have to a) get your facts right and b) be whiter than white. On both counts the two Ed's have failed.

In a capitalist world you are never going to get equality as the rich will always find ways to get richer. So if Labour get elected in May the 'rich and poor' gap will still grow, it's just the way it is.

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[quote user="DraytonBoy"]In a capitalist world you are never going to get equality as the rich will always find ways to get richer. So if Labour get elected in May the 'rich and poor' gap will still grow, it's just the way it is.[/quote]Yet during the first 80 years of the last century the gap narrowed so it's not a foregone conclusion.
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[quote user="Rabbie"][quote user="DraytonBoy"]In a capitalist world you are never going to get equality as the rich will always find ways to get richer. So if Labour get elected in May the 'rich and poor' gap will still grow, it's just the way it is.[/quote]Yet during the first 80 years of the last century the gap narrowed so it's not a foregone conclusion.[/quote]

Not really until the 1950s, Rabbie: and that was a function of much necessary improvements in productivity, the recommencement of global trade and generally, increasing rates of pay.

There were recessions right up to the late 1970s; remember Heath-Barber's disastrous Boom Bust and the Opec oil crisis!

Also worth remembering, perhaps, that workhouses still existed in the early 1930s. As did Causal Wards, for itinerants.

Excellent and very informative reading are Eric Arthur Blair's (George Orwell) The Road to Wigan Pier and Down and Out in Paris and London.

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Is one of the problems that the big financial institutions act as advisors drawing up tax rules and can thereby build in means of saving their private clients tax money.

I wonder how 'lazy' the tax inspectors are. Slightly different area but my experience of the Valuation Office is that they can take the easy route. When the NHS was setup as trusts there was an initial valuation which had to be indexed on a quarterly basis and then a revaluation taking account any improvements etc that had been made. In my professional life I was responsible for liaising with the Valuation Officer for the initial valuation and the revaluation. When I received the initial valuation I wrote a program to handle the data and carry out the indexations. When it came to the valuation for the originating debt of the trust I told the valuation officer I could provide a print out of the current position. 'Yes please' he said and then resubmitted the report to establish the originating debt. This took no account of any expenditure and if it had been the originating debt would have been 4 million more. Happy trust, happy valuation officer, not knowing unhappy Treasury.
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[quote user="PaulT"]Is one of the problems that the big financial institutions act as advisors drawing up tax rules and can thereby build in means of saving their private clients tax money. [/quote]

The actual problem, Paul is CCAB and the FRC. Which are, respectively,  the Consultative Committee of Accountancy Bodies and the Financial Reporting Council.

Also in the frame are the CIT: Chartered Institute of Taxation.

These "Worthy" bodies are the main resource Government turns to for, err, advice..........

However, since they represent the top ten accountancy firms and are fundamentally driven and dominated by same, then the result is hardly surprising.

[quote]

I wonder how 'lazy' the tax inspectors are. [/quote]

The core problem here, Paul, has been HMRC's early retiring the older very experienced and able senior staff, in the idiot belief it can all be done by IT systems........

The other problem, is Government itself.

Over years, tax law has become awesomely vast and complex: each new government tries to engineer new taxes to massage the support of the less wealthy majority, in order to hope for re-election. Thus, instead of any meaningful new measures and a complete re-engineering of these arcane and complex codes, new governments simply tinker around the edges.

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