May 2022
10:16am, 27 May 2022
27,337 posts
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Johnny Blaze
So... I tax energy company A and then I give them the money back so they don't end up with billions more bad debt. Pretty sweet. No nights at the dogs for me then. |
May 2022
10:28am, 27 May 2022
17,969 posts
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larkim
Not sure that's entirely fair. What is better - for large numbers of households to "choose" to spend their £400 at their own discretion and rack up big energy company debts, or for the govt to say "this is for your energy costs, so we'll pay it for you directly to the energy company"? We're not all great at managing money, and for a decent chunk of people if the cash went into their bank accounts it would be absorbed by overdrafts or spent on a short term cash need. It may be a slightly patronising perspective on it, and in many ways it doesn't fit with fundamental Tory philisophy of individual choices, but if you want everyone to have £400 off their energy bills, the best way to transact that is to pay direct govt to energy co (or charge them tax, which they can then offset by pushing the payment into customer accounts), which by definition will stop the energy companies having to chase the debt. |
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May 2022
11:06am, 27 May 2022
27,338 posts
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Johnny Blaze
The broader point being that people are going without at the moment so it could be couched as "given the choice between protecting energy company profits and letting the people decide how to spend their Rishi bonus, I'll go for the former."
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May 2022
11:40am, 27 May 2022
3,147 posts
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JRitchie
my post copied from the electric car thread (of all places). i'm all in favour of a higher tax for O&G but I look at it a different way. O&G is a unique industry in that it exploits mineral resources that the country (ie you and I) own. It's right there should be an economic rent in the form of a tax for this to happen. Id have preferred a form or royalty, straight off oil sales, which is there for the long term and kicks in when oil and gas is over a certain base price. I'm also disappointed that the incentive relief is limited to FF investment (and not investment into offshore wind or even Carbon Capture). More disappointment that the government is not taking the banks that have made huge profits on hedges that oil and gas companies sensibly took out to hedge against low oil price. Finally looking at it from a different angle, many people who jobs rely on oil and gas live and work in the North. It's not very levelling up to tax these Northern industries at now 65% to subsidise the rest of the countries heating bills. where was the windfall tax on supermarkets and e-commerce through the pandemic. |
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May 2022
11:45am, 27 May 2022
3,148 posts
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JRitchie
Im lucky that I can suck up an energy price increase and would have preferred the benefit going to those who need it more. Would have been more complicated to implement but some form of more means based share of the higher tax would have been better. Also, if the benefit does go to the energy supplier - does that mean you also get a VAT saving on top of the £400? |
May 2022
12:40pm, 27 May 2022
18,789 posts
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richmac
I like the way second home owners get it twice, not at all favouring the already wealthy then. and here's another pile of shit created by Brexit voters, as assure us 'they know exactly what they voted for' could I ask why they voted for this ? theguardian.com |
May 2022
12:46pm, 27 May 2022
4,688 posts
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Fields
I am aware of landlords who include council tax in rent who have been enjoying £150 free from the govt. As for the migrant workers, you can be sure these dodgy conditions exist due to the succession of boss-favouring neoliberal governments and the deliberate weakening of the labour movement. The solution to both is a government that looks after the workers not the bosses. Landlords and bosses are the enemy of ordinary people and help to keep us down. |
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May 2022
1:23pm, 27 May 2022
27,339 posts
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Johnny Blaze
The goobers who voted Brexit "because immigration" are too dim to see that xenophobia and racism have consequences when they are folded into state policy. And even if they did see they just don't care.
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May 2022
1:36pm, 27 May 2022
12,588 posts
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jda
And those who voted Brexit to sock it to the neoliberal conspiracy did an even worse job of things, if only they weren’t too dimwitted to see it.
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May 2022
1:52pm, 27 May 2022
4,691 posts
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Fields
Just need the right government
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