Comments by "Greg Greg" (@SlowhandGreg) on "Labour’s £29bn energy price freeze plan explained" video.

It's better than anything the Tories have to offer Or do you think 30 billion wasted in corporate tax cuts will do anything?
5
That's not to say if they were in power they would have done that it's just a political pitch to show a different direction Labour would jump for joy if public opinion was overwhelming enough to nationalisation
3
It's progressive the less your paid the more it helps even I can figure that one out The other thing is it reduces inflation that reduces pressure on public sector pay and pensions are supposedly tied to the triple lock for each % point of inflation you can reduce it by you save 1 billion + Blanket corporate tax cuts help no one you need a higher rate and tax breaks for the areas we want to grow, why are we giving fossil producers tax breaks.
2
@Nick-kb6jd of course he is but there are ways of doing it that don't involve huge buybacks you can set up locally owned not for profit generation such as tidal projects turn as many houses into solar banks with guaranteed feed in tariff Cooperative owned not for profit wind farms that give you discount on your electricity if you own a share Etc you need to be creative
1
It's costed at the same price as Truss's corporate tax cuts which will be debt loaded its a here's what could be done
1
@gjaegreag that's not true you can price cap essential supplies of food and energy you just run it as a war economy for the duration of the crisis your talking a lot of government control but we're at a stage where large numbers can't pay and businesses will start going under at an unacceptable rate
1
@gjaegreag no they don't you just tax the super profits (as in the additional profit created by a closed inelastic market with Oligopoly and monopoly companies) and use it to pay them back through the market. Its not like price capping by governments hasn't been done before how do you think they controlled food and energy prices during the war. You could nationalize on a temporary basis while we have the crisis
1
@ratusbagus It spends 30 billion which is exactly the amount the Truss tax cuts would cost in debt and cuts which will turbo charge inflation even further and not improve productivity one jot. Its costed It covers areas that if the Conservatives have to backtrack politically then he can say I told you so. At the end of the day he has no power but someone with a plan as opposed to the chaos we've had will seem attractive to voters.
1
So you'd prefer corporate tax cuts to manage the problem?
1
@91Durktheturk no they didn't loose huge sums and they can offset losses against tax so your arguments Junk, this just taxes super profits
1
@danielcollinson4456 never a truer word said right on the money
1
Why there not in power it will never be enacted if they were in power now they'd have straight off nationalised sectors as they went broke rather than continuing trying to prop up a failing market. The Tories are going to straight up waste 30 billion in tax cuts next year this is a what you could have had for that money
1
Price capping and taxing super profits n fossil won't affect the vast majority of pensioners, your funds are slowly transfered to non volatile investments as you get to retirement. If your pension investors have dabbled with fossil you'd have already filled your boots to overflowing and your 10+ years away from retirement
1