£178B is nothing. Thats just how much they are currendty adding to the national debt each year. The debt currently stands at just under 1 TRILLION pounds (thats 1000 billion).
The taxpayer is also exposed to tens of trillions of pounds of liabilities since taking over the big banks and all the government programmes currently going further and further into the red.
agreed the system has failed. It doesn't necessarily need to be replaced, just re-modified to work for all the people. Like you said ,value for money is the key, or more accurately, value for your labour. The fiat currency is simply a mechanism to control and restrict ensuring a hierarchical system of society. It need not be that way. When enough of the people realise this and reject it, then we might have a more equitable system.
I think this debt Ponzi scheme will crash but I suspect the elites are in the process of creating a new money scheme and you can be sure it will be just as efficient at leeching money out the the populace as the debt based money system was.
Do these morons not realize this will cause people to buy less, which only hurts business and the economy, and will result in actually less money coming in from taxes?
You mean every time you guys spend $100 (or pounds actually), you pay the government 20? YIKES...gee can't wait until that reaches the US. I know they are already talking about it.
We have 8 1/2% here in CA, but it is state & local taxes, not Federal.
ModernMystic feels this is the only way,that people will have to swallow it and put up with hardship for years. He got so much flak for it. But he's right "IF" folks wish to keep the current system that we're currently in,that is.If the human race is courageous enough,it may move beyond clinging to - "Better the devil we know" and move into something glorious. I think there are many of us with potential courage,but also a majority who'll cling to the devil they know and be at their feet.
I think MM is right, Even if their was big cuts their would still need to make tax increase just to balance the budget and hopefully pay the national debt down. Debt interest was £31 Billion last year and is likely to be £44.4billion in 2010-11. Thats more than the MOD OR Schools OR unis OR HNS staff wages OR transport OR Local Government ec...
I dont think most people know what is right, never mind choose it. I think it would take at lest 50 years to pay it off. And it would hurt.
They should just reset all the debt world-wide, to end this mess immediately. It wouldn't affect existing property. Who cares about a bunch of banks anyway, they aren't part of the real economy.
i still cant believe the amount of VAT we are paying now!!! i hate how each Child born today enters a world where you are instantly part of the system and have to pay tax ..and follow laws you have no say in.......sorry to sound idealistic but this is it. A rat race of an unimaginable scale where the many serve the few...and we still do nothing.
I feel the same when I see my Nephew and Niece (8 & 11),all cheery and oblivious to the life they'll see by working age. Right now they're being fed a diet of feel good cartoon movies from hollywood,where each day is a place of fun and romance. It can be. It truly can be. But the reality of the human 'tribe' right now is slick indocrination and domestication followed by years of wage slavery and official theft of our earnings, with the threat of prison or fine if you don't. Hurrah!!
Huxley said - ""One of the many reasons for the bewildering and tragic character of human existence is the fact that social organization is at once necessary and fatal. Men are forever creating such organizations for their own convenience and forever finding themselves the victims of their home-made monsters."
When we gave up our nomadic existence in antiquity to make life less uncertain,it was a doubled edged sword. We got certainty,but at a great price.We became cogs in a machine.
Something similar came to mind for me, earlier on. I wondered if it was a tactic to get people to "panic buy". The old - "Buy this sofa now before the switch back to 17.5% from 15%" worked at Christmas time, and handed Government skewed figures to falsely present - "The Recession is officially over" (tossers). There will likely be another panic "buy" now that this 20% threat is being put out there. A cheery advert version of - "Get you kicks before the whole sh** house goes up in flames" :/
i imagine they will have something like that here in the US soon.....it makes you feel like saying...look, cut out all the crap....just tell me what i get to keep.....they really are scum......
I mind paying tax and ni! The tax we are paying just now doesn't even pay the interest on the national debt even before the recession and god knows where the ni goes, I heard it was originally brought in to pay for ww1 or 2.
I believe income tax of the type we pay now in Britain, was first thought up by William Pitt the Younger in 1798, to pay for the Napoleonic wars. It went away after that, but Robert Peel (the man who invented our Police "force",interestingly enough) ressurected it in the early 1800s. Government couldn't let that nice little earner,slip into history. Methods of stealing money off us to pay for their pet projects (and screw ups) has been growing every since, and we accept it as "part of life".
If they can create hyper-inflation, about 5 minutes.
If zimbabwe owed 12 trillion zimbabwe dollars, then any man in the street could have paid off his countries debt by handing over a 100 trillion zimbabwe dollar note.
And still have change to buy half a loaf of bread!
The thing about it all is, is that it's not us "the people" that have got us into this much debt it's government! It's not my debt, it's not your debt or your friends and family, it's not even joe bloggs and sally soccer moms debt, it's governments debt. So why sould you, i or anybody pay back a debt that doesn't belong to us. It's time to turn our backs on these people and let them take care of the financial shit that they have caused to please the bankers.
Attempting to see this in a positive light (yes, really) this could make the 'system' so unbearable for many,that the option of remaining in apathy and sucking on the teet of state and corporate blocs for our livelihood,will be wholly unattractive,as we remain in apathy as long as the wounds we get from our grind have ointment applied in the form of luxurys, entertainment and holidays. You know,this could very well lead to the "independence day" of humanity. Finally leaving the nest, as such.
Like you said , it will bring in nowhere near enough money.
A massive devaluation of the pound is comming soon. Either cantrolled and easily visible or messily with high inflation.Either way peoples main concern in the future will be obtaining food.The banks are fu-ked , the west is fu-ced, were fu-ked.
from Jan 2011 VAT is up to 20%
ThatKidKnows 1 year ago
£178B is nothing. Thats just how much they are currendty adding to the national debt each year. The debt currently stands at just under 1 TRILLION pounds (thats 1000 billion).
The taxpayer is also exposed to tens of trillions of pounds of liabilities since taking over the big banks and all the government programmes currently going further and further into the red.
andymholmes 1 year ago
OFF WITH THEIR HEADS!
odin422 2 years ago
@odin422 and their legs and arms...WE the people are having to pay for these cretins.
girlznguitarz 1 year ago
agreed the system has failed. It doesn't necessarily need to be replaced, just re-modified to work for all the people. Like you said ,value for money is the key, or more accurately, value for your labour. The fiat currency is simply a mechanism to control and restrict ensuring a hierarchical system of society. It need not be that way. When enough of the people realise this and reject it, then we might have a more equitable system.
Veloce3 2 years ago
very good comment thanks
RainstormGB 2 years ago
I think this debt Ponzi scheme will crash but I suspect the elites are in the process of creating a new money scheme and you can be sure it will be just as efficient at leeching money out the the populace as the debt based money system was.
emmazedbend 2 years ago 2
Do these morons not realize this will cause people to buy less, which only hurts business and the economy, and will result in actually less money coming in from taxes?
imsailing2 2 years ago 2
You mean every time you guys spend $100 (or pounds actually), you pay the government 20? YIKES...gee can't wait until that reaches the US. I know they are already talking about it.
We have 8 1/2% here in CA, but it is state & local taxes, not Federal.
imsailing2 2 years ago
YIKES!
stellaconcepts 2 years ago
Too true, i bet theirs alot more to come. ;-[
britdog01 2 years ago
The VAT raise has been on the cards for some time. I think its likely just the start.
I think someone in Number 10 misunderstood the story of Robin Hood and now wants to give from the poor to the rich.
nkey01 2 years ago
ModernMystic feels this is the only way,that people will have to swallow it and put up with hardship for years. He got so much flak for it. But he's right "IF" folks wish to keep the current system that we're currently in,that is.If the human race is courageous enough,it may move beyond clinging to - "Better the devil we know" and move into something glorious. I think there are many of us with potential courage,but also a majority who'll cling to the devil they know and be at their feet.
Qorab 2 years ago
Qorab,
I think MM is right, Even if their was big cuts their would still need to make tax increase just to balance the budget and hopefully pay the national debt down. Debt interest was £31 Billion last year and is likely to be £44.4billion in 2010-11. Thats more than the MOD OR Schools OR unis OR HNS staff wages OR transport OR Local Government ec...
I dont think most people know what is right, never mind choose it. I think it would take at lest 50 years to pay it off. And it would hurt.
nkey01 2 years ago
They should just reset all the debt world-wide, to end this mess immediately. It wouldn't affect existing property. Who cares about a bunch of banks anyway, they aren't part of the real economy.
notbored12 2 years ago
i still cant believe the amount of VAT we are paying now!!! i hate how each Child born today enters a world where you are instantly part of the system and have to pay tax ..and follow laws you have no say in.......sorry to sound idealistic but this is it. A rat race of an unimaginable scale where the many serve the few...and we still do nothing.
TulwarKahn 2 years ago
I feel the same when I see my Nephew and Niece (8 & 11),all cheery and oblivious to the life they'll see by working age. Right now they're being fed a diet of feel good cartoon movies from hollywood,where each day is a place of fun and romance. It can be. It truly can be. But the reality of the human 'tribe' right now is slick indocrination and domestication followed by years of wage slavery and official theft of our earnings, with the threat of prison or fine if you don't. Hurrah!!
Qorab 2 years ago
@Qorab I know! We are born with a ball and chain and im sick of carrying it around. I just want to be free.
withnielandi 2 years ago
Huxley said - ""One of the many reasons for the bewildering and tragic character of human existence is the fact that social organization is at once necessary and fatal. Men are forever creating such organizations for their own convenience and forever finding themselves the victims of their home-made monsters."
When we gave up our nomadic existence in antiquity to make life less uncertain,it was a doubled edged sword. We got certainty,but at a great price.We became cogs in a machine.
Qorab 2 years ago
The 20% is a scare tactic to make you swallow 18.5 / 19 %.
goodagofilms 2 years ago
Something similar came to mind for me, earlier on. I wondered if it was a tactic to get people to "panic buy". The old - "Buy this sofa now before the switch back to 17.5% from 15%" worked at Christmas time, and handed Government skewed figures to falsely present - "The Recession is officially over" (tossers). There will likely be another panic "buy" now that this 20% threat is being put out there. A cheery advert version of - "Get you kicks before the whole sh** house goes up in flames" :/
Qorab 2 years ago
i imagine they will have something like that here in the US soon.....it makes you feel like saying...look, cut out all the crap....just tell me what i get to keep.....they really are scum......
skybirdbird 2 years ago
Government debt - not my debt. Barter wherever you can and buy silver, gold and food while you can.
deelean 2 years ago 2
I mind paying tax and ni! The tax we are paying just now doesn't even pay the interest on the national debt even before the recession and god knows where the ni goes, I heard it was originally brought in to pay for ww1 or 2.
therhythmicmenace 2 years ago
It goes to pay worthless government employees who spend their time and our money trying to think of different ways to rob us.
lazzlouk 2 years ago
I believe income tax of the type we pay now in Britain, was first thought up by William Pitt the Younger in 1798, to pay for the Napoleonic wars. It went away after that, but Robert Peel (the man who invented our Police "force",interestingly enough) ressurected it in the early 1800s. Government couldn't let that nice little earner,slip into history. Methods of stealing money off us to pay for their pet projects (and screw ups) has been growing every since, and we accept it as "part of life".
Qorab 2 years ago
21% in Ireland already. We just got a 1/2% reduction, wow so generous. I migh tpop out and buy a plasma TV.
FilmCrab 2 years ago 2
thanks rainstorm
fal2grace 2 years ago
Food prices are also rising YET again.
DJCW 2 years ago 2
20% and pay freeze man this will not go down well.
Well spotted mate
GuildF40 2 years ago
Comment removed
GuildF40 2 years ago
Wonder how long that would take to pay off 12 trillion here in the U.S.???
GoatHollow 2 years ago
If they can create hyper-inflation, about 5 minutes.
If zimbabwe owed 12 trillion zimbabwe dollars, then any man in the street could have paid off his countries debt by handing over a 100 trillion zimbabwe dollar note.
And still have change to buy half a loaf of bread!
Simples :)
lazzlouk 2 years ago 2
LOL I actually have a Zimbabwe 100 trillion note.
GoatHollow 2 years ago 2
The was the Dollar and pound are going it may be worth something soon.
The USA really owes something like $50+ trillion.
nkey01 2 years ago
From the 1st of Jan. it went back up to 17.5% from the 15%! Now going to 20%? Yes, now tax us to death, if the Aspertame and Flouride was not enough!
Hendo1974 2 years ago
On the basis that a 2.5% increase in VAT would raise £13 billion, then to raise £178 billion then VAT would have to soar to 50%.
A good time to ask small local shops if they would be willing to trade for gold or silver methinks.
0muffins0 2 years ago
The thing about it all is, is that it's not us "the people" that have got us into this much debt it's government! It's not my debt, it's not your debt or your friends and family, it's not even joe bloggs and sally soccer moms debt, it's governments debt. So why sould you, i or anybody pay back a debt that doesn't belong to us. It's time to turn our backs on these people and let them take care of the financial shit that they have caused to please the bankers.
poodle559 2 years ago
Attempting to see this in a positive light (yes, really) this could make the 'system' so unbearable for many,that the option of remaining in apathy and sucking on the teet of state and corporate blocs for our livelihood,will be wholly unattractive,as we remain in apathy as long as the wounds we get from our grind have ointment applied in the form of luxurys, entertainment and holidays. You know,this could very well lead to the "independence day" of humanity. Finally leaving the nest, as such.
Qorab 2 years ago
I think Its the debt of all the stupid sheeple who voted labour.U get what you vote for.
Also most of the people i know are up to their eyeballs in debt, which IS theirs.
lazzlouk 2 years ago
Thinking about it now, didn't the previous Labour government back in the 60s/70s also bankrupt the country too?
Labour can't help themselves.
0muffins0 2 years ago
Like you said , it will bring in nowhere near enough money.
A massive devaluation of the pound is comming soon. Either cantrolled and easily visible or messily with high inflation.Either way peoples main concern in the future will be obtaining food.The banks are fu-ked , the west is fu-ced, were fu-ked.
lazzlouk 2 years ago 2
@lazzlouk Devaluation against what though? The dollar and euro will be racing the pound to the bottom.
0muffins0 2 years ago
Against real things, such as gold, silver ,food, copper, gas, oil.Things that have a use and intrinsic value.
lazzlouk 2 years ago
Off topic, but how come you removed the sledging cops vid?
lazzlouk 2 years ago
@lazzlouk all my videos were getting attacked by 13 year olds :)
i had to go through them all and delete loads of comments
RainstormGB 2 years ago