Comments by "Greg Greg" (@SlowhandGreg) on "Richard Tice demands 'TOXIC TORIES' stand aside for Reform - 'They are SINKING!'" video.

  1. His economic policies are as fanciful as Liz Truss's were, does Tice really believe his own BS
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  2.  @anonnemo2504  Not enough to pay for the tax cut the last big Tax cut to Corporation tax by Osborne produced 0.5% GDP over the period it was in force collecting an additional 40 billion at a cost to the Treasury of 200 billion. The millionaire pensioner tax cut costing 4 billion by Sunak will return even less as the money goes straight into pension assets so straight out of the working economy. The 20% threshold will be higher but NO tax cut creates more growth than it costs
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  3. So how will Tice pay for the Tax Cuts because as everyone knows tax cuts don't grow the economy, last person to try it lasted less time than a decomposing lettuce
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  4.  @oldshiny3012  Nothing I've seen on there website explains how they magic money from thin air. Tax cuts don't create growth for every £1 you give in a tax cut the average you get back in increased GDP growth is 20p Which is why the markets melted down with Truss's budget.
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  5.  @ricardosmythe2548  Cutting services shrinks the economy every £1 saved with Austerity cost £1.60p. Defund the justice system get more crime reduces GDP Hire less people to process migrants more people in Hotels increases costs reduces GDP Privatising the NHS will increase costs not reduce them etc.
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  6.  @oldshiny3012  The tax cuts were costed by others at around 50 billion straight to borrowing. Fiscal drag currently adds 30 billion, the recent NI Cut cost 9 billion. rate changes at 20% to 20k and 40% to 70k and the corporation tax cuts would cost 100 billion + Tax cuts don't create growth
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  7.  @ricardosmythe2548  yes my reply was cut as well cutting services has an economic multiplier as well as tax so a £ saved doesn't mean you have £ to spend
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  8.  @ricardosmythe2548  a paper by four PEF researchers – Rob Calvert Jump, Jo Michell, James Meadway and Natassia Nascimento – said the austerity measures – in 2010 and later in the decade – had led to weaker growth, a low-wage economy and contributed to the vote to leave the EU in the 2016 referendum.
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  9.  @ricardosmythe2548  Assume you can make 20 billion in cuts with an economic multiplier of 0.5 (generous) Assume that you 100 billion in tax cuts attracts an average multiplier of 0.3 (also generous a lot of the higher end money to corporations and high earners disappears into fixed assets). You have 70 billion - 10 billion = 60 billion tax black hole
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  10.  @ricardosmythe2548  Tice wouldn't do any of that he's the billionaire's b1tch GBN is a propaganda channel for the Libertarian ultra wealthy it has connections to the Lagatum institute and conversely the Heritage Foundation. It uses culture war wedge issues to promote a Libertarian sh1thole economy. TBH the 2 of us could get in a room and compromise on a whole range of issues which would take this country forward but the MSM and GBN would flame us to the ground.
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  11.  @davidr4114  He's a Libertarian like Truss there what's called ultra Conservative. Go look over at CPAC
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  12. about as much as it needs Liz Truss back, zombie economics at its finest
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  13. They couldn't do any of it is usual populist BS ex Everyone knows tax cuts don't grow the economy, last person to try it lasted less time than a decomposing lettuce.
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  14.  @Helen-nl9lv  He's a multi millionaire serving multi millionaire interests. GBN is their propaganda tool
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  15. An out of touch millionaire with Lettuce Liz economic policies your having a laugh
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  16. So how will Tice pay for the Tax Cuts because as everyone knows tax cuts don't grow the economy last person to try it lasted less time than a decomposing lettuce quote Cutting taxes does not boost economic growth nor lead to more taxes being collected. The notion that it does, known as the Laffer Curve hypothesis, has been widely discredited. and Even the IMF says austerity doesn’t work. It’s the zombie idea that will not die
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  17.  @anonnemo2504  Tax cuts create on average enough growth for an additional 20p They quite simply do not create growth so all the tax proposals are completely unfunded Que Liz style market collapse
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  18.  @anonnemo2504  to give more context Truss's tax cuts were costed at around 50 billion to borrowing Fiscal Drag currently adds 30 billion the NI cut cost 9 billion Tice's proposals would double + the Truss borrowing requirement
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  19.  @anonnemo2504  where does he get the money from? If you give a tax cut at 1 end it needs raising elsewhere. Every piece of tax and spend by a government has an economic multiplier.
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