Nationalisation certainly isn’t extreme

But it would depend on the price. There aren’t many countries in Europe which have renationalised privatised industries - mostly they just never privatised them. So Labour would be buying back and if they pay market value the cost to the country is HUGE, but if they don’t then capital gets totally spooked, because taking but not paying is slightly extreme

The issue with his tax plans is the unreality of it all. Vast - incalculably vast - sums to be spent, but on the completely unrealistic basis that this can be done just by a bit more from the 1% and a gentle raise in corporation tax. As the IFS pointed out, this isn’t possible.

Posted By: Old Git on December 12th 2019 at 12:14:35

Message Thread

On the assumption Boris gets the majority.. (General Chat) - KetteringRyu, Dec 12, 10:36:10
- As others have said, Starmer seems a good option (n/m) (General Chat) - Larry Hagman, Dec 12, 12:21:56
- Step down. (General Chat) - tim berry, Dec 12, 12:02:59
- Anyone who can't win election when your opposition is Boris has to go. (n/m) (General Chat) - Rob NCFC, Dec 12, 10:49:04
- Step down... (General Chat) - wayne, Dec 12, 10:42:14
- Step down, obviously (n/m) (General Chat) - duke of york, Dec 12, 10:36:41
  - Step down , he's 70 FFS. (n/m) (General Chat) - MORDENCANARY, Dec 12, 11:27:32
  - What direction/replacement would you prefer? (General Chat) - KetteringRyu, Dec 12, 10:41:41
    - A centre left leader (General Chat) - duke of york, Dec 12, 10:45:06
      - I've been thinking of joining labour recently (General Chat) - paulg, Dec 12, 10:48:02
        
        That’s exactly why I joined after Corbyn was elected. (General Chat) - avenging canary, Dec 12, 11:02:35
        
        Why is he seen as so far left? (General Chat) - Dog, Dec 12, 10:55:20
        
        Nationalisation certainly isn’t extreme (General Chat) - Old Git, Dec 12, 12:14:35
        
        Didn’t thatcher reduce the top rate of tax significantly? (General Chat) - SimonOTBC, Dec 12, 10:58:49
        
        83% I think (General Chat) - Tricky Hawes, Dec 12, 11:13:17
        
        (She cut it to 60% more or less straight away (General Chat) - Tricky Hawes, Dec 12, 11:14:59
        
        She thought cutting basic rate a higher priority, from memory (n/m) (General Chat) - Old Git, Dec 12, 12:06:53
        
        Ah ok. (General Chat) - Dog, Dec 12, 11:11:28
        
        A fundamental requirement of a tax system is that its fair (General Chat) - SimonOTBC, Dec 12, 11:17:59
        
        I Kind of agree but if it's shared out 'fairly' how do you make sure it's really fair? (General Chat) - CWC, Dec 12, 11:48:38
        
        Tax the land (n/m) (General Chat) - Ralf Scrampton, Dec 12, 12:35:38
        
        I think by either having a high tax system, or not a high tax system (General Chat) - SimonOTBC, Dec 12, 12:02:50
        
        Bring back betting tax (General Chat) - duke of york, Dec 12, 11:51:17
        
        No. (General Chat) - Tricky Hawes, Dec 12, 11:37:19
        
        This isn’t the point I’m making - I’m talking about relativity within a system (General Chat) - SimonOTBC, Dec 12, 12:04:26
        
        The IFS is very good on this (General Chat) - Old Git, Dec 12, 12:25:43
        
        Thanks OG - this is exactly what I was getting at (General Chat) - SimonOTBC, Dec 12, 13:01:30
    - Thornberry is going to be right in there fighting to be leader (General Chat) - Old Git, Dec 12, 10:44:13
      - Rebecca Long-Bailey is apparently the favourite. (General Chat) - Rob NCFC, Dec 12, 11:04:06
        
        She is a disaster not as bad as Dianne Abbot. Has to be Starmer doesnt it? Only credible 1 (n/m) (General Chat) - Basingstoke_Canary, Dec 12, 12:34:57
      - I have an irrational dislike of her smile (General Chat) - paulg, Dec 12, 11:03:52
      - Sounds like ideal PM material in this age (n/m) (General Chat) - CB41, Dec 12, 10:56:31
        
        Yes, she’s Labour’s Boris in some ways (n/m) (General Chat) - Old Git, Dec 12, 11:01:36

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