Revision history for Economic Freedom


Revision [97681]

Last edited on 2015-09-10 17:46:47 by nick
Additions:
==Capitalism is the Solution NOT the Problem==
Deletions:
==More Capitalism is the Solution NOT the Problem==


Revision [97680]

Edited on 2015-09-10 16:44:58 by nick
Additions:
==More Capitalism is the Solution NOT the Problem==
Deletions:
==Capitalism is NOT the Problem: it's the Cure==


Revision [97646]

Edited on 2015-09-09 00:52:36 by nick
Additions:
== [[Economic Freedom|Capitalism]] - [[Capitalism|Banking & Finance]] - [[Taxation]] - [[Borrowing|Government Borrowing]] - [[Free Trade|Free Trade & Competition]]==----
Deletions:
== [[Economic Freedom|Capitalism]] - [[Capitalism|Banking & Finance]]==----


Revision [97638]

Edited on 2015-09-09 00:44:51 by nick
Additions:
== [[Economic Freedom|Capitalism]] - [[Capitalism|Banking & Finance]]==----
Deletions:
== [[Economic Reform|Capitalism]] - [[Capitalism|Banking & Finance]]==----


Revision [97637]

Edited on 2015-09-09 00:44:35 by nick
Additions:
== [[Economic Reform|Capitalism]] - [[Capitalism|Banking & Finance]]==----
@@[[Capitalism|NEXT: Banking & Finance...]]@@
Deletions:
== [[Capitalism|Capitalism]] - ==----
@@[[Capitalism|NEXT: Capitalism...]]@@


Revision [97634]

Edited on 2015-09-09 00:40:48 by nick
Additions:
@@[[Capitalism|NEXT: Capitalism...]]@@
Deletions:
==Banking & Finance==
1) The taxpayer will NEVER again underwrite banks.
1) The banking and financial sector to operate within the same rules as all other capitalist businesses.
1) ALL the financial sector will operate under the same //moral hazard// as other businesses, and allowed to go into liquidation if they fail.
1) Retail Banking:
a) To avoid ever again the //too large to fail// situation, retail banks will be broken up into very small local units consisting of town or regional lending banks.
a) Their sole function will be to look after depositors money, lend to individuals, and invest to support industry.
a) End up having thousands of independent banks.
a) Investors (including members of the public) should spread their risk between banks to avoid the possibility of loss. When investors know that they are not guaranteed to get their deposits back, then they will be more careful about spreading their risk.
1) Investment Banking:
a) Investment Banks and all other non-deposit financial operations will be completely separated from the retail sector.
a) All these financial institutions will pay into an //Insurance Levy// that will underwrite any future failure.
a) Riskier financial organisations such as Hedge Funds and investment banks will be be prevented from using money from traditional banks in any socially useless money trading schemes.
a) The city of London financial sector to be re-modeled as having prime duty to invest in UK industry, business, and Education/Research sector.
1) Central Banking:
a) Initially reduce the role of Central Banks solely to Lender of Last Resort.
a) Interest rate decisions to be determined less by the //authorities// and more by the market (treasury bill rates etc)..
a) Long term discussion about the possibilities of abolishing all central banks.
a) Money Supply targets to be abolished.
1) Stock Markets
a) //Stock Markets// too are NOT //Capitalist// They are, on the contrary, like the //banks// bastions of //socialism// propped up by governments.
a) Governments do everything possible to boost asset prices, and when overstimulation leads to bubbles bursting it is all hands to the pump to prevent them from falling too far.
a) Governments across the world rush to protect investors through interest rate manipulation or so-called //Quantative Easing//.
a) We will ensure that //Stock Markets// or //speculators// are no longer backed by governments.
==Government Revenue & Taxation==
1) Abolish Taxation on Company Profits (Corporation Tax):
a) Companies shouldn’t be punished for being successful, but instead encouraged to re-invest their profits.
a) However, the taxation on any profits moved out of the company - in the form of dividends etc. - will be more heavily taxed, at a starting rate equivalent to the highest rate of income tax/NI combined.
1) //Socially Useless// financial transactions to be punitively taxed.
a) The Stock Exchange culture of rapid share transactions will be punitively taxed. Stocks and shares should only be bought as long term investments, and used as means for helping businesses to grow and expand.
a) There will a sliding scale of taxation on stocks & shares capital gains depending on how long the shares have been held. This will encourage private equity organisations, hedge funds etc. to hold stock for several years, so that when they come to sell taxation rate will be far less.
a) Traders who buy and sell shares within 48hours will be taxed at 95% on any capital gains.
1) Income Tax & National Insurance (NI)
a) Abolish National Insurance for employees
i) Merge with Income Tax to stop the distortions in contributions inherent in the current taxation system.
i) Introduce honesty and simplicity by combining the two: stop the illusion that NI contributions somehow pay for people’s benefits, healthcare and pensions.
i) Stop low-wage employees paying a 'stealth' tax below the income tax threshold.
i) Raise the income tax threshold (before anyone starts paying tax).
a) Abolish Employers National Insurance
i) Currently a tax on employment: the //labour intensive// industries (who should be encouraged) are being punished.
i) Changes to dividend taxation and minimum wage legislation will offset these taxes.
a) Abolish PAYE
i) A major cost saving for small business
i) Personal responsibility of all citizens to pay their taxes, and become more personally involved in society.
i) Businesses will inform the taxation authorities of salaries paid.
a) Tax Avoidance, including //Cash-in-Hand//
i) Very severe punishments - including asset seizure - for any citizens who don't keep their end of the bargain.
i) Also, severe punishments for those who pay //Cash-in-Hand// to tax avoiders: a receipt must be obtained for all work, otherwise the assumption will be that they knowingly indulged in an illegal and immoral transaction.
1) Tax Credits
a) Too often a state subsidy for employers: Tax Credits have created a 'Dependency' culture among employers that distorts the labour market and allows employers to pay low wages.
a) Need to move to a high wage & high skill economy whereby no one in full time work needs subsidising by the state.
a) The Minimum Wage will be raised in line with the move to this //high-wage high-skill// society.
a) Remove all personal taxation (ie. income tax and NI) below a salary of 75% of average annual salary.
a) A more generous regime of Tax credits will replace Child Benefit and State Pensions.
1) Abolish VAT exemptions
a) Currently this is a subsidy on well-off individuals (who buy children's clothes etc).
a) make VAT a less complex tax and bring the UK in line with other nations.
a) The effect on the low paid will be offset by changes to taxation thresholds, the abolition of NI, and minimum wage legislation.
1) Abolish MOST Capital Gains Exemptions:
a) Including Gifts, Private Residencies (see below), cars, personal possessions etc.
a) Exclude gifts between husband and wife or registered civil partners, and charitable donations.
1) Abolish Inheritance Tax
1) All //gifts// (including private residencies) to be subject to normal Capital Gains tax rules (see above).
1) //Trust Funds// to be made illegal.
1) Housing
a) Abolish Council Tax.
i) Simplification of the tax system.
i) All //local// expenditure to be financed centrally.
i) VAT to be charged on Rental & Mortgage repayments.
a) Abolish Stamp Duty.
i) Another unnecessary & cumbersome layer of taxation.
i) VAT to be charged on House Sales.
a) Homes are for living in NOT as investments, so:
i) Capital Gains Tax to be charged on ALL House Sales.
i) Residencies unoccupied by the owners for more than 7 months per annum (including //2nd homes//) will be subject to a special //Non-Residency// annual tax equivalent to 10% of the properties value.
i) Properties being Let for more 11 months per annum will be exempt from the tax unless it is subsidised: in which case rental income will incur the same //Non-Residency// tax on a sliding scale.
a) Abolish ALL Housing Subsidies
a) Schemes like //Right-to-Buy// merely inflate the price of housing, making it even more inaccessible for those it's intended to help.
a) Wastes tax payers money with no discernible benefit.
a) Housing shortages and prices will also be moderated by setting population targets: the UK is already over-crowded, and getting all UK citizens into well paid skilled work will mitigate the need for mass immigration.
1) Abolish Pension Tax Relief
a) Individuals to pay into their pension pot with taxed income.
a) When they come to draw the pension they will not be taxed.
1) Abolish ALL other Tax Reliefs
a) This will stop the large scale tax avoidance schemes which deny the government billions in revenue for essential services.
a) Reduce workload and cost of taxation authorities trying to collect taxes.
1) BBC licence fee to be cut by 75%:
a) Emphasis on high quality and innovative programming and journalism. No more sports events, etc. that commercial stations cover.
a) If individuals are interested in watching sports (inc. Wimbledon) then they should go via Pay-TV and NOT expect the rest of the population to subsidise them.
1) Museum Charges:
a) Currently Free museum entry is a subsidy for foreign citizens.
a) ALL museums to charge.
a) Children, Students & UK Citizens to have FREE access (via a new //Museum Pass//).
== Government Borrowing==
1) A new law will be brought in that forbids government from borrowing to pay for services (except in exceptional circumstances such as war).
1) All annual spending will have to be met through equivalent revenue raised through excise and taxation.
1) A commitment to pay off the total national debt in 25 years, thus creating a better and more prosperous society for the next generation.
1) To meet this commitment, a surplus of revenue over spending will, therefore, have to occur every year.
1) Government to average a 2% budget surplus on any 7 year period of expenditure.
1) Deliberate deficit spending to be outlawed: protect the next generation.
1) Government debt to be reduced to zero over 25 year period.
1) Freed from having to pay debt interest, a bigger proportion of tax receipts can be used for paying for services (health, education etc).
1) Interventionist policies such as //Keynesian// economic //Pump-priming//, //Monetarist// money supply targets, and //Quantitative Easing// (ie. printing money) will be abolished.
== Restrictions on Free Trade & Competition==
1) Abolish Patent Laws
a) Originally implemented to encourage innovation, it is now mainly used to stifle it and for defensive patents to prevent innovation by competitors.
a) Big companies with access to expensive law firms are using the current laws to intimidate competitors and businesses that use similar technology.
a) Also, big companies intimidate patent offices into granting absurd patents (eg. design of //Tablets// etc).
a) A 1 year 'Use it or lose it' clause to be introduced.


Revision [97633]

Edited on 2015-09-09 00:39:20 by nick
Additions:
==[[4-Pillars| Reform: 4-Pillars of the Liberal Awakening]]==----
==== **Economic Reform**====
== [[Capitalism|Capitalism]] - ==----
Deletions:
==[[4-Pillars| Reform: 4-Pillars of the Liberal Awakening]]==
=====iii) Economic Reform=====


Revision [97549]

Edited on 2015-08-30 10:28:22 by nick
Additions:
a) //Stock Markets// too are NOT //Capitalist// They are, on the contrary, like the //banks// bastions of //socialism// propped up by governments.
a) Governments across the world rush to protect investors through interest rate manipulation or so-called //Quantative Easing//.
Deletions:
a) The //Stock Market// too is NOT //Capitalist//, but instead supported by governments. They are, on the contrary, like the //financial sector// bastions of //socialism//.
a) When stock markets fall, governments across the world rush to protect investors through interest rate manipulation or so-called //Quantative Easing//.


Revision [97548]

Edited on 2015-08-30 10:26:42 by nick
Additions:
1) Stock Markets
Deletions:
1) Stock Market


Revision [97547]

Edited on 2015-08-30 10:26:29 by nick
Additions:
==Capitalism is NOT the Problem: it's the Cure==
1) Stock Market
a) The //Stock Market// too is NOT //Capitalist//, but instead supported by governments. They are, on the contrary, like the //financial sector// bastions of //socialism//.
a) Governments do everything possible to boost asset prices, and when overstimulation leads to bubbles bursting it is all hands to the pump to prevent them from falling too far.
a) When stock markets fall, governments across the world rush to protect investors through interest rate manipulation or so-called //Quantative Easing//.
a) We will ensure that //Stock Markets// or //speculators// are no longer backed by governments.
Deletions:
==Capitalism is the Cure NOT the Problem==


Revision [97529]

Edited on 2015-08-28 15:48:10 by nick
Additions:
a) //Example//: Broadcasters will be split up so that they cannot own production and delivery (eg Sky, BT and BBC will be split up into //content// providers and //delivery// providers).
a) //Example//: Software manufacturers will be divided into //platform// providers and //Application// providers. (eg. Microsoft and Google will not be allowed to offer operating systems and apps that run on them.
Deletions:
a) //Example//: Broadcasters will be split up so that they cannot own production and delivery (eg Sky, BT and BBC will be split up into //content// providers and //delivery// providers).


Revision [97528]

Edited on 2015-08-28 15:37:59 by nick
Additions:
1) True Capitalism has been compromised by a combination of so-called //Too big to fail// culture, legal intimidation, government interference, uncompetitive pricing, monopoly power, and multinational tax manipulation.
a) //Example//: Broadcasters will be split up so that they cannot own production and delivery (eg Sky, BT and BBC will be split up into //content// providers and //delivery// providers).
Deletions:
1) True Capatalism has been compromised by a combination of so-called //Too big to fail// culture, legal intimidation, government interference, uncompetitive pricing, monopoly power, and multinational tax manipulation.


Revision [97517]

Edited on 2015-08-27 20:49:49 by nick
Additions:
1) Utilities (eg. Transport & power) will become totally self financing and will not be subsidised from general taxation. The transport budget will have to be self financing, and investment in road or rail will have to be self financed. A //Hypothecated// tax regime will be introduced.


Revision [97516]

Edited on 2015-08-27 20:42:24 by nick
Additions:
1) True Capatalism has been compromised by a combination of so-called //Too big to fail// culture, legal intimidation, government interference, uncompetitive pricing, monopoly power, and multinational tax manipulation.
1) We will return industries to truly capitalist enterprises that allow easy entry to the marketplace, and split up multinationals Businesses that either have conflict of interests within their product range or indulge in any restrictive practices.
1) Service industries (eg. health) will be assessed to see which is the most efficient provider of high quality, compassionate services. No dogmatic stance will be taken.
Deletions:
1) So-called //Too big to fail// culture, legal intimidation, government interference, uncompetitive pricing, monopoly power, and multinational tax manipulation has all distorted the market.
1) We will return ALL industries to truly capitalist enterprises that allow easy entry to the marketplace, and split up multinationals Businesses that either have conflict of interests within their product range or indulge in any restrictive practices.


Revision [97515]

Edited on 2015-08-27 20:38:42 by nick
Additions:
==Capitalism is the Cure NOT the Problem==
1) Banks, large multi-nationals, and government have all connived together to restrict competition and put up barriers to entry.
1) So-called //Too big to fail// culture, legal intimidation, government interference, uncompetitive pricing, monopoly power, and multinational tax manipulation has all distorted the market.
1) We will return ALL industries to truly capitalist enterprises that allow easy entry to the marketplace, and split up multinationals Businesses that either have conflict of interests within their product range or indulge in any restrictive practices.
1) Directors will also be held criminally responsible for any anti-competitive practices.
1) The taxpayer will NEVER again underwrite banks.
1) The banking and financial sector to operate within the same rules as all other capitalist businesses.
Deletions:
1) The taxpayer will NEVER again underwrite banks. All businesses - especially the banking and financial sector - should operate within the same parameters as all other capitalist business.


Revision [97399]

Edited on 2015-08-17 11:26:06 by nick
Additions:
== Restrictions on Free Trade & Competition==
1) Abolish Patent Laws
a) Originally implemented to encourage innovation, it is now mainly used to stifle it and for defensive patents to prevent innovation by competitors.
a) Big companies with access to expensive law firms are using the current laws to intimidate competitors and businesses that use similar technology.
a) Also, big companies intimidate patent offices into granting absurd patents (eg. design of //Tablets// etc).
a) A 1 year 'Use it or lose it' clause to be introduced.


Revision [97397]

Edited on 2015-08-01 10:44:58 by nick
Additions:
1) //Socially Useless// financial transactions to be punitively taxed.
Deletions:
1) //Socially Useless// transactions to be punitively taxed.


Revision [97396]

Edited on 2015-08-01 10:40:18 by nick
Additions:
a) However, the taxation on any profits moved out of the company - in the form of dividends etc. - will be more heavily taxed, at a starting rate equivalent to the highest rate of income tax/NI combined.
1) //Socially Useless// transactions to be punitively taxed.
a) The Stock Exchange culture of rapid share transactions will be punitively taxed. Stocks and shares should only be bought as long term investments, and used as means for helping businesses to grow and expand.
a) Traders who buy and sell shares within 48hours will be taxed at 95% on any capital gains.
Deletions:
a) However, the taxation on any profits moved out of the company - in the form of dividends etc. - will be more heavily taxed, at a starting rate of 45%.
a) The socially useless Stock Exchange culture of rapid share transactions will be punitively taxed. Stocks and shares should only be bought as long term investments, and used as means for helping businesses to grow and expand.
a) Traders who buy and sell shares within 48hours will be taxed at 98% on any capital gains.
a) Increased tax on dividend payments to encourage companies to re-invest profits.


Revision [97367]

Edited on 2015-07-27 23:23:08 by nick
Additions:
1) Interventionist policies such as //Keynesian// economic //Pump-priming//, //Monetarist// money supply targets, and //Quantitative Easing// (ie. printing money) will be abolished.
Deletions:
1) Interventionist policies like //Keynesian// economic //Pump-priming//, //Monetarist// money supply targets, and //Quantitative Easing// (ie. printing money) will be abolished.


Revision [97366]

Edited on 2015-07-27 23:22:47 by nick
Additions:
1) Interventionist policies like //Keynesian// economic //Pump-priming//, //Monetarist// money supply targets, and //Quantitative Easing// (ie. printing money) will be abolished.
Deletions:
1) Interventionist policies like //Keynesian// economic //Pump-priming//, /Monetarist// money supply targets, and //Quantitative Easing// (ie. printing money) will be abolished.


Revision [97365]

Edited on 2015-07-27 23:22:30 by nick
Additions:
1) Interventionist policies like //Keynesian// economic //Pump-priming//, /Monetarist// money supply targets, and //Quantitative Easing// (ie. printing money) will be abolished.


Revision [97334]

Edited on 2015-07-27 17:23:56 by nick
Additions:
1) ALL the financial sector will operate under the same //moral hazard// as other businesses, and allowed to go into liquidation if they fail.
Deletions:
1) All the financial sector will operate under the same ‘moral hazard’ as other businesses, and allowed to go into liquidation if they fail.


Revision [97333]

Edited on 2015-07-27 17:23:30 by nick
Additions:
1) The taxpayer will NEVER again underwrite banks. All businesses - especially the banking and financial sector - should operate within the same parameters as all other capitalist business.
Deletions:
1) The taxpayer will NEVER underwrite banks again. All businesses - especially the banking and financial sector - should operate within the same parameters as all other capitalist business.


Revision [97115]

Edited on 2015-07-25 15:56:12 by nick
Additions:
1) //Trust Funds// to be made illegal.


Revision [97114]

Edited on 2015-07-25 15:53:06 by nick
Additions:
a) Exclude gifts between husband and wife or registered civil partners, and charitable donations.
1) Abolish Inheritance Tax
1) All //gifts// (including private residencies) to be subject to normal Capital Gains tax rules (see above).
Deletions:
a) Exclude gifts between husband and wife or registered civil partners and charitable donations.


Revision [97113]

Edited on 2015-07-25 15:45:31 by nick
Additions:
1) Abolish MOST Capital Gains Exemptions:
a) Including Gifts, Private Residencies (see below), cars, personal possessions etc.
a) Exclude gifts between husband and wife or registered civil partners and charitable donations.


Revision [97112]

Edited on 2015-07-25 15:39:46 by nick
Additions:
a) Abolish Council Tax.
a) Abolish Stamp Duty.
i) Capital Gains Tax to be charged on ALL House Sales.
Deletions:
a) Abolish Council Tax
a) Abolish Stamp Duty
i) Capital Gains to be charged on House Sales.


Revision [97111]

Edited on 2015-07-25 15:33:09 by nick
Additions:
i) Residencies unoccupied by the owners for more than 7 months per annum (including //2nd homes//) will be subject to a special //Non-Residency// annual tax equivalent to 10% of the properties value.
i) Properties being Let for more 11 months per annum will be exempt from the tax unless it is subsidised: in which case rental income will incur the same //Non-Residency// tax on a sliding scale.
Deletions:
i) Residencies unoccupied by the owners for more than 7 months per annum (including //2nd homes//) will be subject to a special annual tax equivalent to 10% of the properties value.


Revision [97110]

Edited on 2015-07-25 15:24:58 by nick
Additions:
1) Housing
a) Abolish Council Tax
i) Simplification of the tax system.
i) All //local// expenditure to be financed centrally.
i) VAT to be charged on Rental & Mortgage repayments.
a) Abolish Stamp Duty
i) Another unnecessary & cumbersome layer of taxation.
i) VAT to be charged on House Sales.
a) Homes are for living in NOT as investments, so:
i) Capital Gains to be charged on House Sales.
i) Residencies unoccupied by the owners for more than 7 months per annum (including //2nd homes//) will be subject to a special annual tax equivalent to 10% of the properties value.
a) Abolish ALL Housing Subsidies
a) Schemes like //Right-to-Buy// merely inflate the price of housing, making it even more inaccessible for those it's intended to help.
a) Wastes tax payers money with no discernible benefit.
Deletions:
1) Abolish Council Tax
a) Simplification of the tax system.
a) All tax to be collected centrally and dispersed.
a) A fairer way to collect taxes.
1) Abolish ALL Housing Subsidies
a) Schemes like //Right-to-Buy// merely inflate the price of housing, making it even more inaccessible for those it's intended to help.
a) Wastes tax payers money with no discernible benefit.


Revision [97105]

Edited on 2015-07-24 20:33:12 by nick
Additions:
==Government Revenue & Taxation==
1) Museum Charges:
a) Currently Free museum entry is a subsidy for foreign citizens.
a) ALL museums to charge.
a) Children, Students & UK Citizens to have FREE access (via a new //Museum Pass//).
Deletions:
==Taxation==


Revision [97069]

Edited on 2015-07-23 00:10:04 by nick
Additions:
a) To avoid ever again the //too large to fail// situation, retail banks will be broken up into very small local units consisting of town or regional lending banks.
a) Their sole function will be to look after depositors money, lend to individuals, and invest to support industry.
a) End up having thousands of independent banks.
a) Investors (including members of the public) should spread their risk between banks to avoid the possibility of loss. When investors know that they are not guaranteed to get their deposits back, then they will be more careful about spreading their risk.
a) Investment Banks and all other non-deposit financial operations will be completely separated from the retail sector.
a) All these financial institutions will pay into an //Insurance Levy// that will underwrite any future failure.
a) Riskier financial organisations such as Hedge Funds and investment banks will be be prevented from using money from traditional banks in any socially useless money trading schemes.
a) The city of London financial sector to be re-modeled as having prime duty to invest in UK industry, business, and Education/Research sector.
a) Initially reduce the role of Central Banks solely to Lender of Last Resort.
a) Interest rate decisions to be determined less by the //authorities// and more by the market (treasury bill rates etc)..
a) Long term discussion about the possibilities of abolishing all central banks.
a) Money Supply targets to be abolished.
Deletions:
i) To avoid ever again the //too large to fail// situation, retail banks will be broken up into very small local units consisting of town or regional lending banks.
i) Their sole function will be to look after depositors money, lend to individuals, and invest to support industry.
i) End up having thousands of independent banks.
i) Investors (including members of the public) should spread their risk between banks to avoid the possibility of loss. When investors know that they are not guaranteed to get their deposits back, then they will be more careful about spreading their risk.
i) Investment Banks and all other non-deposit financial operations will be completely separated from the retail sector.
i) All these financial institutions will pay into an //Insurance Levy// that will underwrite any future failure.
i) Riskier financial organisations such as Hedge Funds and investment banks will be be prevented from using money from traditional banks in any socially useless money trading schemes.
i) The city of London financial sector to be re-modeled as having prime duty to invest in UK industry, business, and Education/Research sector.
1) Initially reduce the role of Central Banks solely to Lender of Last Resort.
1) Interest rate decisions to be determined less by the //authorities// and more by the market (treasury bill rates etc)..
1) Long term discussion about the possibilities of abolishing all central banks.
1) Money Supply targets to be abolished.


Revision [97068]

Edited on 2015-07-23 00:09:21 by nick
Additions:
a) Companies shouldn’t be punished for being successful, but instead encouraged to re-invest their profits.
a) However, the taxation on any profits moved out of the company - in the form of dividends etc. - will be more heavily taxed, at a starting rate of 45%.
a) The socially useless Stock Exchange culture of rapid share transactions will be punitively taxed. Stocks and shares should only be bought as long term investments, and used as means for helping businesses to grow and expand.
a) There will a sliding scale of taxation on stocks & shares capital gains depending on how long the shares have been held. This will encourage private equity organisations, hedge funds etc. to hold stock for several years, so that when they come to sell taxation rate will be far less.
a) Traders who buy and sell shares within 48hours will be taxed at 98% on any capital gains.
a) Increased tax on dividend payments to encourage companies to re-invest profits.
a) Abolish National Insurance for employees
i) Merge with Income Tax to stop the distortions in contributions inherent in the current taxation system.
i) Introduce honesty and simplicity by combining the two: stop the illusion that NI contributions somehow pay for people’s benefits, healthcare and pensions.
i) Stop low-wage employees paying a 'stealth' tax below the income tax threshold.
i) Raise the income tax threshold (before anyone starts paying tax).
a) Abolish Employers National Insurance
i) Currently a tax on employment: the //labour intensive// industries (who should be encouraged) are being punished.
i) Changes to dividend taxation and minimum wage legislation will offset these taxes.
a) Abolish PAYE
i) A major cost saving for small business
i) Personal responsibility of all citizens to pay their taxes, and become more personally involved in society.
i) Businesses will inform the taxation authorities of salaries paid.
a) Tax Avoidance, including //Cash-in-Hand//
i) Very severe punishments - including asset seizure - for any citizens who don't keep their end of the bargain.
i) Also, severe punishments for those who pay //Cash-in-Hand// to tax avoiders: a receipt must be obtained for all work, otherwise the assumption will be that they knowingly indulged in an illegal and immoral transaction.
a) Too often a state subsidy for employers: Tax Credits have created a 'Dependency' culture among employers that distorts the labour market and allows employers to pay low wages.
a) Need to move to a high wage & high skill economy whereby no one in full time work needs subsidising by the state.
a) The Minimum Wage will be raised in line with the move to this //high-wage high-skill// society.
a) Remove all personal taxation (ie. income tax and NI) below a salary of 75% of average annual salary.
a) A more generous regime of Tax credits will replace Child Benefit and State Pensions.
a) Currently this is a subsidy on well-off individuals (who buy children's clothes etc).
a) make VAT a less complex tax and bring the UK in line with other nations.
a) The effect on the low paid will be offset by changes to taxation thresholds, the abolition of NI, and minimum wage legislation.
a) Simplification of the tax system.
a) All tax to be collected centrally and dispersed.
a) A fairer way to collect taxes.
a) Schemes like //Right-to-Buy// merely inflate the price of housing, making it even more inaccessible for those it's intended to help.
a) Wastes tax payers money with no discernible benefit.
a) Housing shortages and prices will also be moderated by setting population targets: the UK is already over-crowded, and getting all UK citizens into well paid skilled work will mitigate the need for mass immigration.
a) Individuals to pay into their pension pot with taxed income.
a) When they come to draw the pension they will not be taxed.
a) This will stop the large scale tax avoidance schemes which deny the government billions in revenue for essential services.
a) Reduce workload and cost of taxation authorities trying to collect taxes.
a) Emphasis on high quality and innovative programming and journalism. No more sports events, etc. that commercial stations cover.
a) If individuals are interested in watching sports (inc. Wimbledon) then they should go via Pay-TV and NOT expect the rest of the population to subsidise them.
Deletions:
1) Companies shouldn’t be punished for being successful, but instead encouraged to re-invest their profits.
1) However, the taxation on any profits moved out of the company - in the form of dividends etc. - will be more heavily taxed, at a starting rate of 45%.
1) The socially useless Stock Exchange culture of rapid share transactions will be punitively taxed. Stocks and shares should only be bought as long term investments, and used as means for helping businesses to grow and expand.
1) There will a sliding scale of taxation on stocks & shares capital gains depending on how long the shares have been held. This will encourage private equity organisations, hedge funds etc. to hold stock for several years, so that when they come to sell taxation rate will be far less.
1) Traders who buy and sell shares within 48hours will be taxed at 98% on any capital gains.
1) Increased tax on dividend payments to encourage companies to re-invest profits.
1) Abolish National Insurance for employees
1) Merge with Income Tax to stop the distortions in contributions inherent in the current taxation system.
1) Introduce honesty and simplicity by combining the two: stop the illusion that NI contributions somehow pay for people’s benefits, healthcare and pensions.
1) Stop low-wage employees paying a 'stealth' tax below the income tax threshold.
1) Raise the income tax threshold (before anyone starts paying tax).
1) Abolish Employers National Insurance
1) Currently a tax on employment: the //labour intensive// industries (who should be encouraged) are being punished.
1) Changes to dividend taxation and minimum wage legislation will offset these taxes.
1) Abolish PAYE
1) A major cost saving for small business
1) Personal responsibility of all citizens to pay their taxes, and become more personally involved in society.
1) Businesses will inform the taxation authorities of salaries paid.
1) Tax Avoidance, including //Cash-in-Hand//
1) Very severe punishments - including asset seizure - for any citizens who don't keep their end of the bargain.
1) Also, severe punishments for those who pay //Cash-in-Hand// to tax avoiders: a receipt must be obtained for all work, otherwise the assumption will be that they knowingly indulged in an illegal and immoral transaction.
1) Too often a state subsidy for employers: Tax Credits have created a 'Dependency' culture among employers that distorts the labour market and allows employers to pay low wages.
1) Need to move to a high wage & high skill economy whereby no one in full time work needs subsidising by the state.
1) The Minimum Wage will be raised in line with the move to this //high-wage high-skill// society.
1) Remove all personal taxation (ie. income tax and NI) below a salary of 75% of average annual salary.
1) A more generous regime of Tax credits will replace Child Benefit and State Pensions.
1) Currently this is a subsidy on well-off individuals (who buy children's clothes etc).
1) make VAT a less complex tax and bring the UK in line with other nations.
1) The effect on the low paid will be offset by changes to taxation thresholds, the abolition of NI, and minimum wage legislation.
1) Simplification of the tax system.
1) All tax to be collected centrally and dispersed.
1) A fairer way to collect taxes.
1) Schemes like //Right-to-Buy// merely inflate the price of housing, making it even more inaccessible for those it's intended to help.
1) Wastes tax payers money with no discernible benefit.
1) Housing shortages and prices will also be moderated by setting population targets: the UK is already over-crowded, and getting all UK citizens into well paid skilled work will mitigate the need for mass immigration.
1) Individuals to pay into their pension pot with taxed income.
1) When they come to draw the pension they will not be taxed.
1) This will stop the large scale tax avoidance schemes which deny the government billions in revenue for essential services.
1) Reduce workload and cost of taxation authorities trying to collect taxes.
1) Emphasis on high quality and innovative programming and journalism. No more sports events, etc. that commercial stations cover.
1) If individuals are interested in watching sports (inc. Wimbledon) then they should go via Pay-TV and NOT expect the rest of the population to subsidise them.


Revision [97067]

Edited on 2015-07-23 00:07:41 by nick
Additions:
1) However, the taxation on any profits moved out of the company - in the form of dividends etc. - will be more heavily taxed, at a starting rate of 45%.
Deletions:
1) However, the taxation on any profits moved out of the company - in the form of dividends etc. - will be more heavily taxed, at a rate starting at 45%.


Revision [97066]

Edited on 2015-07-23 00:06:20 by nick
Additions:
1) Freed from having to pay debt interest, a bigger proportion of tax receipts can be used for paying for services (health, education etc).
Deletions:
1) Freed from having to pay debt interest, a bigger proportion of tax receipts can be used for paying for services (health, education etc)


Revision [97016]

Edited on 2015-07-22 15:08:47 by nick
Additions:
i) The city of London financial sector to be re-modeled as having prime duty to invest in UK industry, business, and Education/Research sector.
Deletions:
i) 1) The city of London financial sector to be re-modeled as having prime duty to invest in UK industry, business, and Education/Research sector.


Revision [97015]

Edited on 2015-07-22 15:08:36 by nick
Additions:
1) Retail Banking:
i) To avoid ever again the //too large to fail// situation, retail banks will be broken up into very small local units consisting of town or regional lending banks.
i) Their sole function will be to look after depositors money, lend to individuals, and invest to support industry.
i) End up having thousands of independent banks.
i) Investors (including members of the public) should spread their risk between banks to avoid the possibility of loss. When investors know that they are not guaranteed to get their deposits back, then they will be more careful about spreading their risk.
1) Investment Banking:
i) Investment Banks and all other non-deposit financial operations will be completely separated from the retail sector.
i) All these financial institutions will pay into an //Insurance Levy// that will underwrite any future failure.
i) Riskier financial organisations such as Hedge Funds and investment banks will be be prevented from using money from traditional banks in any socially useless money trading schemes.
i) 1) The city of London financial sector to be re-modeled as having prime duty to invest in UK industry, business, and Education/Research sector.
1) Central Banking:
1) Initially reduce the role of Central Banks solely to Lender of Last Resort.
1) Interest rate decisions to be determined less by the //authorities// and more by the market (treasury bill rates etc)..
1) Long term discussion about the possibilities of abolishing all central banks.
1) Money Supply targets to be abolished.
Deletions:
1) Initially reduce the role of Central Banks solely to Lender of Last Resort, with long term discussion about the possibilities of abolishing all central banks.
1) Interest rate decisions to be determined less by the //authorities// and more by the market (treasury bill rates etc)..
1) Money Supply targets to be abolished.
1) Split up High Street banks into town of regional lending banks to support industry: end up having thousands of independent banks.
1) All banks pay into an //Insurance Levy// that will underwrite any bank failure.
1) Investors (including members of the public) should spread their risk between banks to avoid the possibility of loss. When investors know that they are not guaranteed to get their deposits back, then they will be more careful about spreading their risk.
1) To avoid ever again the ‘too large to fail’ situation, retail banks will be broken up into very small local units, and be solely involved in lending to individuals and businesses.
1) Riskier financial organisations such as Hedge Funds and investment banks will be be prevented from using money from traditional banks in any socially useless money trading schemes.
1) The city of London financial sector to be re-modeled as having prime duty to invest in UK industry, business, and Education/Research sector.


Revision [97014]

Edited on 2015-07-22 14:52:32 by nick
Additions:
1) Interest rate decisions to be determined less by the //authorities// and more by the market (treasury bill rates etc)..
Deletions:
1) The self styled ‘Experts’ and should never again attempt to manipulate and control the economy or business.
1) Interest rates to be determined by the market.


Revision [97013]

Edited on 2015-07-22 14:51:16 by nick
Additions:
1) Initially reduce the role of Central Banks solely to Lender of Last Resort, with long term discussion about the possibilities of abolishing all central banks.
Deletions:
1) Get rid of the Bank of England.


Revision [97008]

Edited on 2015-07-22 10:08:18 by nick

No Differences

Revision [97007]

Edited on 2015-07-22 10:07:01 by nick
Additions:
1) A more generous regime of Tax credits will replace Child Benefit and State Pensions.


Revision [97006]

Edited on 2015-07-22 10:05:15 by nick
Additions:
1) Tax Credits
1) Too often a state subsidy for employers: Tax Credits have created a 'Dependency' culture among employers that distorts the labour market and allows employers to pay low wages.
1) Need to move to a high wage & high skill economy whereby no one in full time work needs subsidising by the state.
1) The Minimum Wage will be raised in line with the move to this //high-wage high-skill// society.
1) Remove all personal taxation (ie. income tax and NI) below a salary of 75% of average annual salary.
Deletions:
1) Abolish ALL Tax Credits
1) A state subsidy for employers, they have created a 'Dependency' culture among employers.
1) Distorts the labour market and allows employers to pay low wages.
1) A disincentive for people to aspire as they lose out when they earn more.
1) High wage and high skill economy whereby no one in full time work need subsidising by the state.
1) Raise Minimum Wage in line with the move to a //high-wage high-skill// society.
1) Remove all personal taxation (ie. income tax and NI) below a salary of £12,000pa


Revision [96999]

Edited on 2015-07-21 21:13:36 by nick
Additions:
1) Schemes like //Right-to-Buy// merely inflate the price of housing, making it even more inaccessible for those it's intended to help.
1) Housing shortages and prices will also be moderated by setting population targets: the UK is already over-crowded, and getting all UK citizens into well paid skilled work will mitigate the need for mass immigration.
Deletions:
1) Schemes like //Right-to-Buy// merely push up the price of housing making it even more inaccessible for those its intended to help.


Revision [96976]

Edited on 2015-07-21 19:40:40 by nick
Additions:
1) A state subsidy for employers, they have created a 'Dependency' culture among employers.
1) A disincentive for people to aspire as they lose out when they earn more.
1) High wage and high skill economy whereby no one in full time work need subsidising by the state.
Deletions:
1) A state subsidy for employers.


Revision [96973]

Edited on 2015-07-21 19:36:10 by nick
Additions:
1) When they come to draw the pension they will not be taxed.
Deletions:
1) When they come to draw the pension they receive will not be taxed.


Revision [96857]

Edited on 2015-07-14 19:56:25 by nick
Additions:
1) Emphasis on high quality and innovative programming and journalism. No more sports events, etc. that commercial stations cover.
1) If individuals are interested in watching sports (inc. Wimbledon) then they should go via Pay-TV and NOT expect the rest of the population to subsidise them.
Deletions:
1) Emphasis on high quality and innovative programming and journalism. No more sports events, etc. that commercial stations cover.
1) If individuals are interested in watching sports (inc. Wimbledon) then they should go via Pay-TV and NOT expect the rest of the population to subsidise them.


Revision [96856]

Edited on 2015-07-14 19:56:11 by nick
Additions:
1) BBC licence fee to be cut by 75%:
1) Emphasis on high quality and innovative programming and journalism. No more sports events, etc. that commercial stations cover.
1) If individuals are interested in watching sports (inc. Wimbledon) then they should go via Pay-TV and NOT expect the rest of the population to subsidise them.


Revision [96835]

Edited on 2015-07-14 18:31:22 by nick
Deletions:
==Reasons for why change MUST happen:==
1) Complete Moral Collapse and Economic Failure of Banks and the financial sector in general
1) Complete Failure of Government to anticipate the financial collapse, or to regulate financial sector.
1) Vast government (tax payer) debt used to underwrite and bailout banks.
1) Government created a debt mountain for the young generation to pay off so that the current middle age, middle class incumbents can maintain their lifestyle.
1) Keynesianism & Monetarism don’t work: governments, central banks and economists think that they can control the economy, but in fact only create problems for the future.
1) Politicians, Economists, and Civil Servants have be shown to be totally incapable of controlling or predict the world’s economy, and are victim to events.


Revision [96834]

Edited on 2015-07-14 18:29:53 by nick
Additions:
1) Abolish PAYE
1) A major cost saving for small business
1) Personal responsibility of all citizens to pay their taxes, and become more personally involved in society.
1) Businesses will inform the taxation authorities of salaries paid.
1) Tax Avoidance, including //Cash-in-Hand//
1) Very severe punishments - including asset seizure - for any citizens who don't keep their end of the bargain.
1) Also, severe punishments for those who pay //Cash-in-Hand// to tax avoiders: a receipt must be obtained for all work, otherwise the assumption will be that they knowingly indulged in an illegal and immoral transaction.


Revision [96833]

Edited on 2015-07-14 18:20:08 by nick
Additions:
1) Abolish ALL Housing Subsidies
Deletions:
1) Abolish all Housing Subsidies


Revision [96832]

Edited on 2015-07-14 18:13:28 by nick
Additions:
1) Changes to dividend taxation and minimum wage legislation will offset these taxes.
Deletions:
1) Changes to dividend


Revision [96830]

Edited on 2015-07-14 18:09:37 by nick
Deletions:
1) Individuals too will be encouraged to buy shares as a long term investment, and get involved in the running of the company - including scrutinising the directors.
1) All large investors such as pension and insurance funds will be told that they have to be ‘activist investors’, attending all AGMs, and scrutinise the board of directors.


Revision [96829]

Edited on 2015-07-14 18:05:58 by nick
Additions:
1) Abolish Council Tax
1) Simplification of the tax system.
1) All tax to be collected centrally and dispersed.
1) A fairer way to collect taxes.
Deletions:
1) Council Tax
1) Increase number of bands to better represent contributions.


Revision [96828]

Edited on 2015-07-14 17:59:56 by nick
Additions:
1) Changes to dividend
1) Currently this is a subsidy on well-off individuals (who buy children's clothes etc).
1) The effect on the low paid will be offset by changes to taxation thresholds, the abolition of NI, and minimum wage legislation.
Deletions:
1) A subsidy on well-off individuals (who buy children's clothes etc).


Revision [96827]

Edited on 2015-07-14 17:50:40 by nick
Additions:
1) Abolish Pension Tax Relief
1) Individuals to pay into their pension pot with taxed income.
1) When they come to draw the pension they receive will not be taxed.
1) Abolish ALL other Tax Reliefs
1) This will stop the large scale tax avoidance schemes which deny the government billions in revenue for essential services.
Deletions:
1) Abolish ALL Tax Reliefs
1) Stop the large scale tax avoidance schemes which deny the government billions in revenue for essential services.


Revision [96826]

Edited on 2015-07-14 17:45:43 by nick
Additions:
1) Abolish Taxation on Company Profits (Corporation Tax):
Deletions:
1) Abolish Corporation Tax


Revision [96825]

Edited on 2015-07-14 17:34:58 by nick
Additions:
1) Riskier financial organisations such as Hedge Funds and investment banks will be be prevented from using money from traditional banks in any socially useless money trading schemes.
Deletions:
1) Riskier financial organisations such as investment banks will be be stopped from any socially useless money trading schemes.


Revision [96824]

Edited on 2015-07-14 17:33:25 by nick
Additions:
1) The taxpayer will NEVER underwrite banks again. All businesses - especially the banking and financial sector - should operate within the same parameters as all other capitalist business.
1) All the financial sector will operate under the same ‘moral hazard’ as other businesses, and allowed to go into liquidation if they fail.
1) Investors (including members of the public) should spread their risk between banks to avoid the possibility of loss. When investors know that they are not guaranteed to get their deposits back, then they will be more careful about spreading their risk.
Deletions:
1) The taxpayer will NEVER underwrite banks again. All businesses - especially the banking and financial sector - should operate within the same parameters as all other capitalist business, and allowed to go into liquidation if they fail.
1) Investors (including members of the public) should spread their risk between banks to avoid the possibility of loss.
1) All the financial sector will operate under the same ‘moral hazard’ as other businesses.
1) When banking investors know that they are not guaranteed to get their deposits back, then they will be more careful about spreading their risk.
1) Large Pension Companies encouraged to invest in UK companies.


Revision [96823]

Edited on 2015-07-14 17:31:01 by nick
Additions:
1) The taxpayer will NEVER underwrite banks again. All businesses - especially the banking and financial sector - should operate within the same parameters as all other capitalist business, and allowed to go into liquidation if they fail.
Deletions:
1) The taxpayer will NEVER underwrite banks again.
1) All businesses - especially the banking and financial sector - should operate within the same parameters as all other capitalist business, and never be underwritten by government again.


Revision [96822]

Edited on 2015-07-14 17:29:34 by nick
Additions:
1) All banks pay into an //Insurance Levy// that will underwrite any bank failure.
1) Investors (including members of the public) should spread their risk between banks to avoid the possibility of loss.
Deletions:
1) All banks pay into an ‘Insurance Levy’ that will underwrite any bank failure.
1) Individuals should spread their risk between banks to avoid the possibility of loss.


Revision [96821]

Edited on 2015-07-14 17:28:04 by nick
Additions:
1) Schemes like //Right-to-Buy// merely push up the price of housing making it even more inaccessible for those its intended to help.
Deletions:
1) Schemes like 'Right-to-Buy' merely push up the price of housing making it even more inaccessible for those its intended to help.


Revision [96820]

Edited on 2015-07-14 17:24:38 by nick
Additions:
1) Traders who buy and sell shares within 48hours will be taxed at 98% on any capital gains.
Deletions:
1) Traders who buy and sell shares within 48hours will be taxed at a 98% on any capital gains.


Revision [96819]

Edited on 2015-07-14 17:23:05 by nick
Additions:
1) Abolish Corporation Tax
1) Companies shouldn’t be punished for being successful, but instead encouraged to re-invest their profits.
1) However, the taxation on any profits moved out of the company - in the form of dividends etc. - will be more heavily taxed, at a rate starting at 45%.
Deletions:
1) Corporation Tax to be abolished - companies shouldn’t be punished for being successful, but instead encouraged to re-invest their profits.
1) However, the taxation on any profits moved out of the company - in the form of dividends etc. - will be very heavily taxed, at a rate starting at 75%.


Revision [96510]

Edited on 2015-07-09 19:25:49 by nick
Additions:
1) Abolish ALL Tax Reliefs
Deletions:
1) Abolish all Tax Reliefs


Revision [96509]

Edited on 2015-07-09 19:24:15 by nick
Additions:
1) Stop low-wage employees paying a 'stealth' tax below the income tax threshold.
1) Raise the income tax threshold (before anyone starts paying tax).


Revision [96508]

Edited on 2015-07-09 19:16:11 by nick
Additions:
1) Abolish VAT exemptions
1) A subsidy on well-off individuals (who buy children's clothes etc).
1) make VAT a less complex tax and bring the UK in line with other nations.


Revision [96507]

Edited on 2015-07-09 19:04:38 by nick
Additions:
1) Reduce workload and cost of taxation authorities trying to collect taxes.


Revision [96506]

Edited on 2015-07-09 19:02:57 by nick
Additions:
1) Introduce honesty and simplicity by combining the two: stop the illusion that NI contributions somehow pay for people’s benefits, healthcare and pensions.


Revision [96505]

Edited on 2015-07-09 18:59:42 by nick
Additions:
1) Abolish all Tax Reliefs
1) Stop the large scale tax avoidance schemes which deny the government billions in revenue for essential services.


Revision [96497]

Edited on 2015-07-09 13:52:16 by nick
Additions:
1) All businesses - especially the banking and financial sector - should operate within the same parameters as all other capitalist business, and never be underwritten by government again.
Deletions:
1) 1) All businesses - especially the banking and financial sector - should operate within the same parameters as all other capitalist business, and never be underwritten by government again.


Revision [96496]

Edited on 2015-07-09 13:52:00 by nick
Additions:
1) Large Pension Companies encouraged to invest in UK companies.


Revision [96476]

Edited on 2015-07-06 12:00:17 by nick
Additions:
1) Remove all personal taxation (ie. income tax and NI) below a salary of £12,000pa
Deletions:
1) Stop all personal taxation (ie. income tax and NI) below a salary of £12,000pa


Revision [96475]

Edited on 2015-07-06 12:00:03 by nick
Additions:
1) Income Tax & National Insurance (NI)
1) Raise Minimum Wage in line with the move to a //high-wage high-skill// society.
1) Stop all personal taxation (ie. income tax and NI) below a salary of £12,000pa
Deletions:
1) Income Tax & National Insurance
1) Raise minimum wage in line with the move to a //high-wage high-skill// society.


Revision [96474]

Edited on 2015-07-06 11:58:39 by nick
Additions:
1) Abolish ALL Tax Credits
1) A state subsidy for employers.
1) Distorts the labour market and allows employers to pay low wages.
1) Raise minimum wage in line with the move to a //high-wage high-skill// society.


Revision [96473]

Edited on 2015-07-06 11:18:18 by nick
Additions:
1) Income Tax & National Insurance
1) Abolish National Insurance for employees
1) Merge with Income Tax to stop the distortions in contributions inherent in the current taxation system.
1) Abolish Employers National Insurance
1) Currently a tax on employment: the //labour intensive// industries (who should be encouraged) are being punished.
Deletions:
1) Abolish National Insurance for employees
1) Merge with Income Tax to stop the distortions in contributions inherent in the current taxation system.


Revision [96472]

Edited on 2015-07-06 11:11:53 by nick
Additions:
1) Council Tax
1) Increase number of bands to better represent contributions.


Revision [96471]

Edited on 2015-07-06 11:10:00 by nick
Additions:
1) Abolish all Housing Subsidies
Deletions:
1) Abolish all housing subsidies


Revision [96470]

Edited on 2015-07-06 11:09:47 by nick
Additions:
1) Abolish all housing subsidies
1) Schemes like 'Right-to-Buy' merely push up the price of housing making it even more inaccessible for those its intended to help.
1) Wastes tax payers money with no discernible benefit.


Revision [96469]

Edited on 2015-07-06 11:07:11 by nick
Additions:
1) Abolish National Insurance for employees
1) Merge with Income Tax to stop the distortions in contributions inherent in the current taxation system.


Revision [75139]

Edited on 2015-07-02 21:25:55 by nick
Additions:
1) Politicians, Economists, and Civil Servants have be shown to be totally incapable of controlling or predict the world’s economy, and are victim to events.
Deletions:
1) Huge increase in productivity to enable all the social benefits of shorter working hours. Goal of a 4 day week.
1) Make Output not Input the measure of workplace success. Anyone who hangs around late in the office is obviously inefficient and therefore not worthy of promotion.


Revision [75087]

Edited on 2015-07-02 21:25:03 by nick
Additions:
1) Freed from having to pay debt interest, a bigger proportion of tax receipts can be used for paying for services (health, education etc)
Deletions:
1) Tax receipts used to pay debt interest.
1) Politicians, Economists, and Civil Servants have be shown to be totally incapable of controlling or predict the world’s economy, and are victim to events.


Revision [74816]

Edited on 2015-07-02 21:20:55 by nick
Additions:
1) Increased tax on dividend payments to encourage companies to re-invest profits.
Deletions:
1) Increase tax on dividend payments.
1) Taxation on sales of shares will be determined by length of time held.
1) 90% taxation rate on shares bought and sold within 24hrs.


Revision [74592]

Edited on 2015-07-02 21:17:52 by nick
Additions:
1) However, the taxation on any profits moved out of the company - in the form of dividends etc. - will be very heavily taxed, at a rate starting at 75%.
1) The socially useless Stock Exchange culture of rapid share transactions will be punitively taxed. Stocks and shares should only be bought as long term investments, and used as means for helping businesses to grow and expand.
1) There will a sliding scale of taxation on stocks & shares capital gains depending on how long the shares have been held. This will encourage private equity organisations, hedge funds etc. to hold stock for several years, so that when they come to sell taxation rate will be far less.
1) Traders who buy and sell shares within 48hours will be taxed at a 98% on any capital gains.
1) Individuals too will be encouraged to buy shares as a long term investment, and get involved in the running of the company - including scrutinising the directors.
1) All large investors such as pension and insurance funds will be told that they have to be ‘activist investors’, attending all AGMs, and scrutinise the board of directors.
Deletions:
1) However, the taxation on any profits moved out of the company - in the form of dividends etc. - will be very heavily taxed, at a rate starting at 75%.
1) The socially useless Stock Exchange culture of rapid share transactions will be punitively taxed. Stocks and shares should only be bought as long term investments, and used as means for helping businesses to grow and expand.
1) There will a sliding scale of taxation on stocks & shares capital gains depending on how long the shares have been held. This will encourage private equity organisations, hedge funds etc. to hold stock for several years, so that when they come to sell taxation rate will be far less.
1) Traders who buy and sell shares within 48hours will be taxed at a 98% on any capital gains.
1) Individuals too will be encouraged to buy shares as a long term investment, and get involved in the running of the company - including scrutinising the directors.
1) All large investors such as pension and insurance funds will be told that they have to be ‘activist investors’, attending all AGMs, and scrutinise the board of directors.
1) Get rid of corporation tax:


Revision [74521]

Edited on 2015-07-02 21:17:08 by nick

No Differences

Revision [74374]

Edited on 2015-07-02 21:15:11 by nick
Additions:
==Taxation==
Deletions:
1) Shareholding democracy
1) More Cooperatives
1) Trade Unions to buy shares in companies and elect Directors
==Taxation & State Borrowing==


Revision [74322]

Edited on 2015-07-02 21:14:24 by nick
Deletions:
==Taxation==


Revision [74263]

Edited on 2015-07-02 21:13:34 by nick
Additions:
1) Increase tax on dividend payments.
1) The self styled ‘Experts’ and should never again attempt to manipulate and control the economy or business.
1) The taxpayer will NEVER underwrite banks again.
1) The city of London financial sector to be re-modeled as having prime duty to invest in UK industry, business, and Education/Research sector.
1) 1) All businesses - especially the banking and financial sector - should operate within the same parameters as all other capitalist business, and never be underwritten by government again.
== Government Borrowing==
1) Government to average a 2% budget surplus on any 7 year period of expenditure.
1) Government debt to be reduced to zero over 25 year period.
1) Tax receipts used to pay debt interest.
Deletions:
1) increase tax on dividend payments.
1) The taxpayer will NOT underwrite banks ever again.
1) Government to average a 5% budget surplus on any 7 year period of expenditure.
1) Government debt to be reduced to zero over 25 year period: no more tax receipts used to pay off debt.
1) The city of London to be re-modelled to have its prime interest to be to invest in UK industry, business, and Education/Research sector.
1) The self styled ‘Experts’ and should not attempt to manipulate and control the economy or business.
1) All businesses - especially the banking and financial sector - should operate within the same parameters as all other capitalist business, and never be underwritten by government again.


Revision [73895]

Edited on 2015-07-02 21:07:45 by nick
Additions:
1) Complete Moral Collapse and Economic Failure of Banks and the financial sector in general
1) Complete Failure of Government to anticipate the financial collapse, or to regulate financial sector.
1) Vast government (tax payer) debt used to underwrite and bailout banks.
1) Government created a debt mountain for the young generation to pay off so that the current middle age, middle class incumbents can maintain their lifestyle.
==Taxation==
1) Get rid of corporation tax:
1) increase tax on dividend payments.
1) Taxation on sales of shares will be determined by length of time held.
1) 90% taxation rate on shares bought and sold within 24hrs.
==Banking & Finance==
Deletions:
1) Complete Moral Collapse and Economic Failure of Banks and the financial sector in general
1) Complete Failure of Government to anticipate the financial collapse, or to regulate financial sector.
1) Vast government (tax payer) debt used to underwrite and bailout banks.
1) Government created a debt mountain for the young generation to pay off so that the current middle age, middle class incumbents can maintain their lifestyle.
1) Get rid of corporation tax: increase tax on dividend payments.
1) 90% taxation rate on shares bought and sold within 24hrs. Taxation on sales of shares will be determined by length of time held.
1) Return to a Gold Standard.


Revision [73720]

Edited on 2015-07-02 21:05:00 by nick
Additions:
==Reasons for why change MUST happen:==
1) Keynesianism & Monetarism don’t work: governments, central banks and economists think that they can control the economy, but in fact only create problems for the future.
Deletions:
1) Main reasons for why change MUST happen:
1) Keynesianism & Monetarism don’t work: governments, central banks and economists only create problems for the future.


Revision [70595]

Edited on 2015-07-02 20:21:22 by nick
Additions:
=====iii) Economic Reform=====
Deletions:
=====3) Economic Reform=====


Revision [67185]

Edited on 2015-07-02 19:33:29 by nick
Additions:
=====3) Economic Reform=====
Deletions:
=====3) Economic Freedom=====


Revision [67076]

Edited on 2015-07-02 19:32:03 by nick
Additions:
=====3) Economic Freedom=====
Deletions:
======3) Economic Freedom======


Revision [12076]

Edited on 2015-07-02 01:52:21 by nick
Additions:
==Taxation & State Borrowing==
Deletions:
===Government Taxation & Borrowing===


Revision [11679]

Edited on 2015-07-02 01:38:10 by nick
Additions:
==[[4-Pillars| Reform: 4-Pillars of the Liberal Awakening]]==
Deletions:
==Reform: 4-Pillars of the Liberal Awakening==


Revision [11651]

Edited on 2015-07-02 01:37:24 by nick
Additions:
======3) Economic Freedom======
Deletions:
======Economic Freedom======


Revision [11633]

Edited on 2015-07-02 01:36:49 by nick
Additions:
1) Main reasons for why change MUST happen:
1) Complete Moral Collapse and Economic Failure of Banks and the financial sector in general
1) Complete Failure of Government to anticipate the financial collapse, or to regulate financial sector.
1) Vast government (tax payer) debt used to underwrite and bailout banks.
1) Government created a debt mountain for the young generation to pay off so that the current middle age, middle class incumbents can maintain their lifestyle.
1) Keynesianism & Monetarism don’t work: governments, central banks and economists only create problems for the future.
1) Get rid of corporation tax: increase tax on dividend payments.
1) 90% taxation rate on shares bought and sold within 24hrs. Taxation on sales of shares will be determined by length of time held.
1) Get rid of the Bank of England.
1) Interest rates to be determined by the market.
1) Return to a Gold Standard.
1) Split up High Street banks into town of regional lending banks to support industry: end up having thousands of independent banks.
1) All banks pay into an ‘Insurance Levy’ that will underwrite any bank failure.
1) The taxpayer will NOT underwrite banks ever again.
1) Individuals should spread their risk between banks to avoid the possibility of loss.
1) Government to average a 5% budget surplus on any 7 year period of expenditure.
1) Deliberate deficit spending to be outlawed: protect the next generation.
1) Government debt to be reduced to zero over 25 year period: no more tax receipts used to pay off debt.
1) Money Supply targets to be abolished.
1) The city of London to be re-modelled to have its prime interest to be to invest in UK industry, business, and Education/Research sector.
1) Huge increase in productivity to enable all the social benefits of shorter working hours. Goal of a 4 day week.
1) Make Output not Input the measure of workplace success. Anyone who hangs around late in the office is obviously inefficient and therefore not worthy of promotion.
1) Politicians, Economists, and Civil Servants have be shown to be totally incapable of controlling or predict the world’s economy, and are victim to events.
1) The self styled ‘Experts’ and should not attempt to manipulate and control the economy or business.
1) All businesses - especially the banking and financial sector - should operate within the same parameters as all other capitalist business, and never be underwritten by government again.
1) All the financial sector will operate under the same ‘moral hazard’ as other businesses.
1) To avoid ever again the ‘too large to fail’ situation, retail banks will be broken up into very small local units, and be solely involved in lending to individuals and businesses.
1) Riskier financial organisations such as investment banks will be be stopped from any socially useless money trading schemes.
1) When banking investors know that they are not guaranteed to get their deposits back, then they will be more careful about spreading their risk.
1) Shareholding democracy
1) More Cooperatives
1) Trade Unions to buy shares in companies and elect Directors
===Government Taxation & Borrowing===
1) A new law will be brought in that forbids government from borrowing to pay for services (except in exceptional circumstances such as war).
1) All annual spending will have to be met through equivalent revenue raised through excise and taxation.
1) A commitment to pay off the total national debt in 25 years, thus creating a better and more prosperous society for the next generation.
1) To meet this commitment, a surplus of revenue over spending will, therefore, have to occur every year.
1) Corporation Tax to be abolished - companies shouldn’t be punished for being successful, but instead encouraged to re-invest their profits.
1) However, the taxation on any profits moved out of the company - in the form of dividends etc. - will be very heavily taxed, at a rate starting at 75%.
1) The socially useless Stock Exchange culture of rapid share transactions will be punitively taxed. Stocks and shares should only be bought as long term investments, and used as means for helping businesses to grow and expand.
1) There will a sliding scale of taxation on stocks & shares capital gains depending on how long the shares have been held. This will encourage private equity organisations, hedge funds etc. to hold stock for several years, so that when they come to sell taxation rate will be far less.
1) Traders who buy and sell shares within 48hours will be taxed at a 98% on any capital gains.
1) Individuals too will be encouraged to buy shares as a long term investment, and get involved in the running of the company - including scrutinising the directors.
1) All large investors such as pension and insurance funds will be told that they have to be ‘activist investors’, attending all AGMs, and scrutinise the board of directors.


Revision [11549]

The oldest known version of this page was created on 2015-07-02 01:34:04 by nick
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