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Republic of Ireland budget day

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michelfaveur



Joined: 11 Oct 2007
Posts: 966

PostPosted: Wed Dec 16, 2009 8:18 am    Post subject:
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Is this what we can expect AFTER the election, should this Government be returned?


I suspect that we can expect something like this after the next election WHICHEVER party gets elected!

Some figures from the 2009 budget:

Expected fiscal deficit = £175 billion - to be compared with

Expected net yield from Income Tax = £134.3 billion. We would need to multiply this by 2.3 times to cover the deficit

Expected net yield from NICs = £97.7 billion. If this were to bear all the burden we would have to multiply it by 2.79 times

Expected yield from VAT = £63.7 billion. To fill the gap by VAT would require the yield to be multiplied by 3.75 times

Etc. Etc.

So I am afraid increased taxes alone will get us virtually nowhere. There will have to be massive CUTS in spending!
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Bruce



Joined: 21 Nov 2005
Posts: 4059

PostPosted: Wed Dec 16, 2009 11:54 am    Post subject:
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ince employment is falling and the Treasury figures are optimistic, the actual yield from corporation tax, income tax and NIC are going to be lower. Also since sales are still dropping VAT is going to yield less. There is no way the figures in the PBR are going to happen. Basically the PBR was not an accurate reflection of the position. The reality is our public spending is too high. The last ten years have increased public spending with no real return. The PM does not have an understanding of basic economics. Wealth creation requires efficiency. Now education spending creates wealth, it is not all about production, services are important, in that an educated population can be more creative. problem is the spending is not paralleled by an increase in wealth.

Marxist economics, karl not Groucho have a problem in that because they do not recognise the market and instead allow spending to become unrelated to wealth creation fall apart. The public sector is unsustainable and the problem is it is going to affect the private sector. The scrapping of the carriers next August completely closes the clyde shipyards because they are expecting the order. if instead they knew it wasn't going to happen they could be looking for other work.
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Bruce



Joined: 21 Nov 2005
Posts: 4059

PostPosted: Wed Dec 16, 2009 11:57 am    Post subject:
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oyal Mail has just announced the scrapping of its latest stamp issue. The Westminster cabinet a series of stamps commemorating the cabinet has had problems with certain stamps. The ones with Brown, Balls and cooper were failing to stick. It seems that people were spitting on the wrong side.
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michelfaveur



Joined: 11 Oct 2007
Posts: 966

PostPosted: Wed Dec 16, 2009 3:59 pm    Post subject:
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ince the PBR was basically an election manifesto, I chose to use the figures for the budget in my posting above.

Actually, it would appear that the benefits bill is less than expected, (more involuntary part-time working), but the tax yields are also less.
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michelfaveur



Joined: 11 Oct 2007
Posts: 966

PostPosted: Wed Dec 16, 2009 4:03 pm    Post subject:
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It seems that people were spitting on the wrong side


Actually, if people still bought the stamps and ruined them, the Royal Mail would have been better off increasing the issue! Laughing

Does anyone want to invest in my great new business idea?

Bog paper printed with the portraits of politicians and the like. Come to think of it though, I wouldn't want Mandelson up my whatsit!

Another idea is urinals with a back projected image. You can p i s s over your pet hates. You could even have a choice of images. Much cheaper than conducting an opinion poll!

Patent not pending!
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Namu



Joined: 14 Apr 2006
Posts: 2775
Location: South West

PostPosted: Wed Dec 16, 2009 5:08 pm    Post subject:
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Bog paper printed with the portraits of politicians and the like. Come to think of it though, I wouldn't want Mandelson up my whatsit!

Worse still, Mark Oaten.

Mad Maggie for me. Triple ply with aloe vera to counter the abrasiveness please.
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Adrian Nash



Joined: 25 Nov 2005
Posts: 1103
Location: Lancaster (South)

PostPosted: Wed Dec 16, 2009 11:01 pm    Post subject:
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michelfaveur wrote:

Another idea is urinals with a back projected image. You can p i s s over your pet hates. You could even have a choice of images. Much cheaper than conducting an opinion poll!

Patent not pending!


Errm, I must point out that in this age of "PC" (gone mad) that is a very sexist comment!!!!! If you design a urinal for the purpose of p i s s i n g on a politician, then it is only right and proper that you design a facility to enable the females of our species to enjoy the same pleasure! Laughing

Adrian.

ps This could come in handy if you dont want to mearly p i s s on a politico but would rather............. (I'll let you work it out!)
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Mike S



Joined: 21 Nov 2005
Posts: 5214
Location: England

PostPosted: Thu Dec 17, 2009 9:55 am    Post subject:
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know that there some connection (however tenuous) can be made between Ireland and bogs - but this thread has gone seriously off-topic Very Happy
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Archie White



Joined: 24 Nov 2005
Posts: 2240
Location: Glasgow

PostPosted: Thu Dec 17, 2009 8:24 pm    Post subject:
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michelfaveur wrote:

Does anyone want to invest in my great new business idea?

Bog paper printed with the portraits of politicians and the like. !


Michael - What do you mean, new? We have had bog rolls in Scotland for ages with Maggie Thatcher's face on them.

Reminds me of a 30+ year old joke:

Two Glasgow gentlemen, on holiday in Yorkshire, went for a walk on the Yorkshire Moors. Relaxing in a country pub afterwards, they started discussing politics, as one does; and one made the incisive point: “Maggie Thatcher has a face like a sheep’s bum.”

The pub exploded in uproar. Angry demands for an apology came from all sides.

“Oh, I’m sorry. I did not mean to give offence. I did not know that this was Thatcher country.”

“It’s not. It’s sheep country.”

Archie
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michelfaveur



Joined: 11 Oct 2007
Posts: 966

PostPosted: Sun Dec 20, 2009 7:15 am    Post subject:
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We have had bog rolls in Scotland for ages with Maggie Thatcher's face on them.


Yes, that's the trouble with you socialists - you have always expected the government to mollycoddle you, blowing your noses and so on. I hadn't realised, though that Maggie wiped your backsides for you! Laughing
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