3909 days ago
Shadow Chancellor Ed Balls has once again shown himself an utter moron with his plan to levy an extra tax on bankers’ bonuses and curb tax relief on pensions for higher earners to “end youth unemployment.” He is a moron because his plans will not work but he is at least playing well to the crowd.
In today’s Britain bankers are hated. So saying that you will tax them more heavily will win votes. Balls should go further and announce plans for windfall taxes on other groups who are almost universally despised, such as paedophiles, Piers Morgan or members of the Liberal Democrat Parliamentary party. It would win votes but like his bankers tax plan such schemes would not work.
Why will it not work? Firstly bankers will find ways around it to move either their bonuses or indeed themselves offshore. If a Government interferes with market forces by penalising one section of society of whom it disapproves what next? A super-tax on accountants or lawyers working for Pinsent Masons (I quite like that one)? Mess with market forces and in a mobile global market you will lose out. Just look at what has happened in France
So the take on that will be less than Balls expects
3951 days ago
Ed Balls has, this weekend, said that if Labour wins the Election then he will eliminate the budget deficit by 2020. From a man who played a leading role in ramping up the deficit to record levels when last in power this is an interesting pledge. Apparently Gary Glitter has said that he will be abolshing child abuse in Britain within five years as well.
3952 days ago
The man who worked alongside Gordon Brown so closely to help make the Nation's finances so sound, Mr. Ed Balls has this weekend outlined his plans to sort out the nation’s finances. They are risible needless to say, and will be covered in this week’s Tomograph (going out Monday AM) which you can register to receive HERE..
But if you would care to win a voucher giving you 50% off your bill at our new wine & tapas bar Maribelle’ for a party of up to 4, when it opens in eight days please supply a caption for the picture below showing one person with only a basic grasp of economics and also a young five year old girl. Post your entries in the comments section below by Friday at noon
For what it is worth my caption is
3959 days ago
Just to show that UKIP does not have a complete monopoly on Nutters, and to show balance I refer you to Labour Councillor Simon Parkes from Whitby who says that he has sex with an alien four times a year and this is causing tensions with him human wife. Ok. Compared to Ed balls on Economics this seems quite plausible but none the less...
Cllr Parks says that he has had a child called Zarka with an alien who he calls the Cat Queen. Mr Parkes, a driving instructor by trade,
The driving instructor, who has three children with his human wife, said the intercourse with the alien happens about four times a year. “What will happen is that we will hold hands and I will say ‘I’m ready’ and then the technology I don’t understand will take us up to a craft orbiting the earth," he said.
Parkes has also claimed he was abducted by extra-terrestrials as a child and that his “real mother” is a 9ft tall alien with eight fingers. But residents of Whitby should not worry. Parkes states:
“It’s a personal matter and it doesn’t affect my work. I’m more interested in fixing someone’s leaking roof or potholes. People don’t want me to talk about aliens. I get more common sense out of the aliens than out of Scarborough Town Hall.”
Cllr Parkes UKIP application interview video, oops sorry I meant to say revelations of his alien experiences, can be watched below.
4184 days ago
No winners from last week’s contest. Let’s hope for more inspired entries this week. And on that matter as I see I am being bashed on twitter for suggesting that we do not give EVEN more money to the world’s third largest employer because the UK Government has so much to spend I come to Mr Ed Balls, MP.
Apparently Ed reckons that the last Labour Government was not profligate and is now starting to outline his vision for how he will bankrupt Britain within five years starting 2015. Sorry, I meant to say: how he will like Gordon Brown be prudent and manage the Nation’s finances responsibly.
And so here is the picture. Post your entries in the comments section below by 9 AM next Friday.
For what it’s worth I am torn between
“Crook and bigot, Sir Patrick Mercer dreams about his remaining two years as an honourable member of parliament”
and
“Islamofascist Hate preacherAnjem Chowdary offers praise to the source of his £25,000 a year tax free lifestyle package”
and
“Ed Balls takes advice from Tom Winnifrith's deluded lefty partner and assures us that Labour’s spending plans are fully costed”
4372 days ago
Memo to Ed Balls & George Osborne: watch and listen to this inspiring video of Margaret Thatcher at the 1983 Conservative Conference: “Someone has to add up the figures, every business has to do it, every housewife has to do it, every Government should do it and this one will.”
“There is no such thing as public money. There is only taxpayers money”
Sadly a lesson lost on Balls & Osborne.
“The state has no other source of money other than money that people earn themselves”
“Prosperity won’t come by inventing more and more lavish public expenditure programmes”
“You don’t grow richer by ordering another chequebook from the Bank”
4434 days ago
Ed Balls worked with Gordon Brown to wreck UK Government fianances. Even Keynes ( not my idol) argued that Governments should only run deficits in times of recession. In good times they should pay down debt. Balls is quoted today as saying that “Labour d not do balanced budgets”. That is indeed true. As someone said, the trouble with socialists is that they eventually run out of other people’s money. And so Balls was a key part of the team that ran up huge deficits in good times and bad.
As a result, I remind you get again that by 2016 the UK will be approaching a debt to GDP ratio of 90% – the point of no return. If one includes the numerous “off balance sheet items” we are there already. And so Balls has a plan which must win a prize for sheer lunacy.
