How about a windfall tax of 95% on profits made from the virus that don’t specifically help the NHS. Medical supplies and essential services exempt. We could start with the hedge fund managers. How about it Mr Rees-Mogg? Ps sorry I missed out the natural expletive that goes between Rees and Mogg where the hyphen sits.
Sadly it'll be cuts to welfare, future NHS spending and increased taxation (but no doubt not targeted at the top 1%).
Is that the same hedge fund that JRM is a minority share holder and not a director of or a different one? Will you be providing a list of all MPs who have shareholding’s in hedge funds and their alleged investments or just going after the usual easy target?
Easy target? Why would that be? Is it due to the many instances of him lacking moral decency. If it looks like a duck, sounds like a duck and walks like a duck......that's right it's Jeremy Corbyn and someone else's fault.
Easy target? Easy f****** target? We missed them in the banking crisis, we missed them when they were profiting from Brexit. The definition of an easy target is that it is easy to hit. Do you think we’ll hit the easy target this time? No chance, they’ll trouser the profits, add it to the rest of the billions and cut benefits, freeze nurses pay and deliver austerity with knobs on.
Because he’s the default pantomime villain for about 95% of this forum when it comes to any hedge funds, investments, tax evasion and so forth. I can with quite a degree of certainty suggest that JRM isn’t the only MP with shareholding’s in investment vehicles that are looking to make money on the back of the corona virus. I also suspect that a number of Pension schemes will also be looking at making investments in similar funds, delinquent asset funds caused by the crisis and so forth to deliver a greater return on investments for their schemes. Should we be ‘taxing them at 95%’ as well?
Name all the MPs with Hedge funds please? I can guarantee that all of them which do exist will be Tories. For what it’s worth JRM still owns at leadt 15% of Somerset Capital and have a look at what they are advertising as ‘super normal returns’. JRM stepped down as the main person at Somerset last year to become leader of the house. https://www.theneweuropean.co.uk/to...rofiteering-from-coronavirus-crisis-1-6594540
Pantomime villain? They've been in power for 12 years, cut cut cut cut cut! He's one of the many faces of failure, austerity and cruelty. You could quite literally replace JRM with a long list. Gove, May, Grayling, Cameron Osbourne, Villiers, IDS, Bone, McVeigh could go on and on and on. Just cos we get a new PM every 2 years doesn't mean it's a change of regime. I'm pretty sure most of MP's with links to shady hedge funds will be wearing blue or kipper/brexit party rossettes. I most certainly would heavily tax any fund linked to undercutting our economy and doing the country harm for the 99.99999% of us. Would call these people patriots? The best of us? Fingers crossed this whole crisis exposes the charlatans who milk our society and offer nothing in return.
I haven’t got the inclination to fight my way through the register of MPs interests but the majority will be Tories with a splattering of other parties making up the numbers. From memory Vince Cable and Cleggy had shares in private pharmaceuticals not so long back. . . Mark Asquith is the man behind those claims and the key word that’s missing is ‘ potential’ . Somerset capitals development fund looks to invest in destressed businesses while the shares are low and make profit if and when the shares increase and can be sold. There will be 100’s if not 1000s of companies in the UK, USA, Europe and interestingly China prowling like wolves looking for similar opportunities. The only reason Somerset gets any substantial press is due to its links to JRM. If JRM didn’t have any links to the company then 99% of this forum wouldn’t even know they existed. There seems to be some kind of morality crusade every time JRM and his company links appear when in reality the vast majority of us who have pensions and savings to a degree have little or no idea where the funds are invested. It’s not that long ago the CoE were comparing payday loans to the devil while have a substantial stake in Wonga...
I'm a socialist, work in the nhs blah blah. Remainer too... they have done all of the above and are still in government. Wonder why?
You obviously have a different view to my own with regard to this man and the things that he does. Whether it’s his business or not, a letter suggesting that this is a good time for business to make profits is distasteful when hundreds of people are dying daily. If that’s a morality crusade then I’m happy to embrace it. My suggestion is that in a perfect world and if this company and others like them were to make millions from a windfall then it should be taxed. It’s a pipe dream because the Tories would never do it and any tax that may be owed is more likely to end up in an offshore tax haven than in the exchequer. There is a swamp and itvwas made clear during the financial crisis, but it’s just too costly to drain it. In fact we all know who will foot the bill and it certainly won’t be billionaires. It is more likely to be the people we clap for every Thursday.
My (semi) educated guess would be that in order to make good the debt is that this government will set their stall out to increase taxation, -initially by propaganda along the lines like those seen after the banking crash by blaming anyone unfortunate enough to incur the wrath of the people who hold the capital. Not by means of anything as radical as a wealth tax, closing loopholes in tax avoidance/evasion measures, increasing the 45% rate back to 50% or higher, nor will it be anything else that will befall upon the people who are in a better position to contribute more. This self serving government will, I believe increase VAT after all Brexit will give these people a free reign. If people swallowed brexit then they will be easily duped into swallowing a VAT increase from 20% to 25% - after all everyone will have to pay it. The fact that this would hurt the least well off the most will be conveniently ignored by the Govt - they will just not answer the direct question - we've seen similar evasive answers already from this Govt.
Suspect it will be income tax increases to the masses. Income tax is at some of its lowest historic levels and so there is capacity there. There will also be the banning of personal service companies I reckon - the income tax for the self employed / employed will become more straightforward and clear. I would have thought vat will be increased to 22.5%