UKIP Flat Rate Tax Policy

steve fowler · 13-04-2008, 03:57 PM

I think Nigel Farage did say on james Whales show last year that this is UKIP plan to pay off the national debt first!.

Anthony Butcher · 13-04-2008, 04:21 PM

Quote:

Originally Posted by steve fowler

I think Nigel Farage did say on james Whales show last year that this is UKIP plan to pay off the national debt first!.

It is starting to look like a wish list, rather than a manifesto. They need to be really careful about this. All the work put into making credible policies can be completely undone by nonsense maths and unrealistic expectations of what can practically be achieved.

In 2005 the only reason that the press didn't tear UKIP's manifesto and financial plans to shreds was that they simply weren't newsworthy. If UKIP is expecting to be doing better this time (and NF made reference to this at Bar Hill), then the plans better stand up to scrutiny.

eublues · 13-04-2008, 08:05 PM

Can't see how UKIP's plans for taxation and government spending can be open to much criticism set against the last 10 years of Labour - massive borrowing, balance of payments deficit, escalating tax and national insurance, PFI, and so on. The Tories are saying they would continue with much the same it seems.

However, I do wish UKIP would not only get policies out, but also revise and extend them over time. The Tax Policy would benefit now from some further refinement, as would the Education Policy.

marcus · 13-04-2008, 08:09 PM

The key theme behind it is if you cut taxes you stimulate economic growth, you have a wealthier country.

However the advantage of not having to contribute the 30 million a day to the EU budget is a massive plus. We have said we are going to give this all to the pensioners, by giving them a 20 quid a week pension rise. I think most will agree this is a radical policy to try and draw votes on a big scale. Though I don't think it is the ideal move practicaly, I think it is the right move for the party. If we are going to be a force we need to get some MPs in Westminster so our voice gets heard on other policies. We all know the pensioners vote in record numbers, this could be a real vote winner when the word gets out.

Geoffrey Collier · 13-04-2008, 09:06 PM

Marcus: Stimulating economic growth is not the problem; debt is the problem.
Bankers, mortgage lenders, pension fund managers, and everyone else you can mention, are queuing-up at the Bank of England and Downing Street for government support. Having paid themselves record salaries and incentive bonuses, they are now looking for the tax-payers to finance their profligacy.
In effect, they want the government to nationalise their debt. They want to deposit their debts as collateral for goverment financial support This is the economics of the mad-house. Give them nothing, they created their own problems.

Giving pensioners an extra twenty pounds per week, is merely a dole-out unrelated to anything within the economic system. As I said earlier, for purposes of management, pensions, welfare allowances and basic pay must
must relate one to another: they must be in tandem. It is the governments responsibility to raise tax for those things for which they are rersponsible. They must make the, 'books balance', and the private sector must make their, 'books balance'.

The economic system, world-wide is experiencing the worst crisis for eighty years. Are we really saying that having privatised the nationalised industries,
we should now nationalise the debts of the financial institutions? At least the old nationalised industries provided employment, the financial sector is contracting. A basic tax system, co-existing with indirect consumer taxation will be a vote loser: have no doubt.

Anthony Butcher · 13-04-2008, 10:49 PM

Quote:

Originally Posted by marcus

We have said we are going to give this all to the pensioners, by giving them a 20 quid a week pension rise.

I thought that money was paying for the £13 billion increase in defence spending (and even then it is no where near enough).

Is there any area that UKIP isn't going to increase spending?

SuperiorSteve · 14-04-2008, 06:06 AM

Quote:

Originally Posted by marcus

The key theme behind it is if you cut taxes you stimulate economic growth, you have a wealthier country.

Exactly, basic economics.

Debt is a problem but our Government should be investing more both here and overseas to improve our economy and also to enable us to pay off parts of the national debt.

13-04-2008, 08:05 PM	#13 (permalink)
eublues Uber Member Join Date: Nov 2004 Posts: 3,189	Can't see how UKIP's plans for taxation and government spending can be open to much criticism set against the last 10 years of Labour - massive borrowing, balance of payments deficit, escalating tax and national insurance, PFI, and so on. The Tories are saying they would continue with much the same it seems. However, I do wish UKIP would not only get policies out, but also revise and extend them over time. The Tax Policy would benefit now from some further refinement, as would the Education Policy. Last edited by eublues; 13-04-2008 at 08:10 PM.

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13-04-2008, 03:57 PM	#11 (permalink)
steve fowler Senior Member Join Date: Jun 2007 Posts: 1,201 Party: None	I think Nigel Farage did say on james Whales show last year that this is UKIP plan to pay off the national debt first!.

13-04-2008, 08:09 PM	#14 (permalink)
marcus Member Join Date: Feb 2008 Posts: 203	The key theme behind it is if you cut taxes you stimulate economic growth, you have a wealthier country. However the advantage of not having to contribute the 30 million a day to the EU budget is a massive plus. We have said we are going to give this all to the pensioners, by giving them a 20 quid a week pension rise. I think most will agree this is a radical policy to try and draw votes on a big scale. Though I don't think it is the ideal move practicaly, I think it is the right move for the party. If we are going to be a force we need to get some MPs in Westminster so our voice gets heard on other policies. We all know the pensioners vote in record numbers, this could be a real vote winner when the word gets out.

13-04-2008, 09:06 PM	#15 (permalink)
Geoffrey Collier Senior Member Join Date: Dec 2007 Posts: 1,323	Marcus: Stimulating economic growth is not the problem; debt is the problem. Bankers, mortgage lenders, pension fund managers, and everyone else you can mention, are queuing-up at the Bank of England and Downing Street for government support. Having paid themselves record salaries and incentive bonuses, they are now looking for the tax-payers to finance their profligacy. In effect, they want the government to nationalise their debt. They want to deposit their debts as collateral for goverment financial support This is the economics of the mad-house. Give them nothing, they created their own problems. Giving pensioners an extra twenty pounds per week, is merely a dole-out unrelated to anything within the economic system. As I said earlier, for purposes of management, pensions, welfare allowances and basic pay must must relate one to another: they must be in tandem. It is the governments responsibility to raise tax for those things for which they are rersponsible. They must make the, 'books balance', and the private sector must make their, 'books balance'. The economic system, world-wide is experiencing the worst crisis for eighty years. Are we really saying that having privatised the nationalised industries, we should now nationalise the debts of the financial institutions? At least the old nationalised industries provided employment, the financial sector is contracting. A basic tax system, co-existing with indirect consumer taxation will be a vote loser: have no doubt.