NoTail Posted December 25, 2023 Share Posted December 25, 2023 6 hours ago, Andy Onchan said: In volume it works. As the great J K Galbraith wrote: The idea that feeding a horse a huge amount of oats will result in some of the feed passing through for lucky sparrows to eat. 1 1 Quote Link to comment Share on other sites More sharing options...
code99 Posted December 26, 2023 Share Posted December 26, 2023 J K Galbraith – they don’t make ‘em like him anymore. Reagan and Thatcher used to preach the economic fallacy i.e., benefits for the mega-rich would ‘trickle-down’ financial wellbeing to the masses of less well-offs. Many so-called ‘strivers’/ entrepreneurs lapped up this gobbledygook doctrine. They particularly embraced Thatcher’s slogan “there’s no such thing as society” as a green light to sell down the river anyone who did not belong to their immediate groups of friends and family. They ascribed to themselves a romanticised image of free-wheeling buccaneers that embodied the spirit of the 18th century naval explorers. This pair of greedy spivs (Mone and Doug) are the product of the same culture i.e., selfish, self-serving, self-justifying, and above all, shameless. Folk on this Island must, surely, still remember the unscrupulous charlatans pretending to be the self-proclaimed virtuous financial entrepreneurial pillars of society – the Louis Group. 3 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted December 26, 2023 Share Posted December 26, 2023 7 minutes ago, code99 said: Folk on this Island must, surely, still remember the unscrupulous charlatans pretending to be the self-proclaimed virtuous financial entrepreneurial pillars of society – the Louis Group. And the glowing testimony given to them by one of their former employees - one R. Callister MHK. 1 Quote Link to comment Share on other sites More sharing options...
Boo Gay'n Posted December 26, 2023 Share Posted December 26, 2023 On 12/24/2023 at 4:19 PM, La Colombe said: Err, ahem... I do apologise, long thread confusion. 1 Quote Link to comment Share on other sites More sharing options...
Two-lane Posted December 26, 2023 Share Posted December 26, 2023 On 12/24/2023 at 4:58 PM, Twitch said: Has trickle down economics worked anywhere in the world? It is because of the limitations of the current system. It would work if rich people paid no tax at all, then they would have even more money to spend and the trickle-down would become a pissing-down. Poor people would appreciate being pissed down on. Quote Link to comment Share on other sites More sharing options...
display name Posted December 26, 2023 Share Posted December 26, 2023 " The facts are not true " Hasn't learned a great deal in the last four years then. Quote Link to comment Share on other sites More sharing options...
Gladys Posted December 27, 2023 Share Posted December 27, 2023 15 hours ago, display name said: " The facts are not true " Hasn't learned a great deal in the last four years then. Amazingly inarticulate for such a successful person. 1 Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted December 27, 2023 Share Posted December 27, 2023 2 minutes ago, Gladys said: Amazingly inarticulate for such a successful person. Probably because it wasn't the over-riding factor in her success. One wonders if Barrowman married her for being wonderfully articulate? And vice versa. 2 Quote Link to comment Share on other sites More sharing options...
Gladys Posted December 27, 2023 Share Posted December 27, 2023 1 minute ago, Non-Believer said: Probably because it wasn't the over-riding factor in her success. One wonders if Barrowman married her for being wonderfully articulate? And vice versa. Yes, what was it about inarticulate multi millionaire X which first attracted you? 1 Quote Link to comment Share on other sites More sharing options...
slinkydevil Posted December 27, 2023 Share Posted December 27, 2023 18 minutes ago, Gladys said: Yes, what was it about inarticulate multi millionaire X which first attracted you? 2 Quote Link to comment Share on other sites More sharing options...
Gladys Posted December 27, 2023 Share Posted December 27, 2023 3 minutes ago, slinkydevil said: Voluptuous! Quote Link to comment Share on other sites More sharing options...
Wake Up Call Posted December 27, 2023 Share Posted December 27, 2023 On 12/24/2023 at 4:50 PM, CrazyDave said: I didn’t mention proportions. They pay lots of wages. They pay VAT every time they buy a car at Jackson’s, their airport fees help keep the place running, the building work other house put a lot of money in a lot of people’s pockets. All of which gets respent. Plus, a couple of hundred k of income tax before they even start. What’s the average direct tax and No take from Joe bloggs? About ten k a year in tax and employers NI? Like them or not (I don’t) people like them provide jobs to keep out young people here and help keep the hospitality and other sectors that we need to grow to keep youngsters alive and growing. What a load of rubbish. Not proven, not recorded, not audited. Massive housing advantages over normal Manx people. (Planning permission irregularities) Often rental property owners, screwing the population 100's of times over. Align with the 'Establishment' who steamroll over Manx citizens. Buying cars at Jackson's is hardly delivering true prosperity to the IOM does it? We can do so much better. 2 1 Quote Link to comment Share on other sites More sharing options...
Two-lane Posted December 27, 2023 Share Posted December 27, 2023 I still think my plan will work. Rich people pay no tax at all and thus spend even more money and thus increase the prosperity of poor people - to the extent that in a couple of years even the lowest paid are earning so much they don't pay tax either. Guaranteed to work. And more logical than some of the posts here. Quote Link to comment Share on other sites More sharing options...
NoTail Posted December 27, 2023 Share Posted December 27, 2023 I wonder if HMRC are counting her days in the UK? Quote Link to comment Share on other sites More sharing options...
Amadeus Posted December 27, 2023 Share Posted December 27, 2023 20 minutes ago, Two-lane said: I still think my plan will work. Rich people pay no tax at all and thus spend even more money and thus increase the prosperity of poor people - to the extent that in a couple of years even the lowest paid are earning so much they don't pay tax either. Guaranteed to work. And more logical than some of the posts here. Because that works so well everywhere else. You’ll find rich people don’t like to share. 1 Quote Link to comment Share on other sites More sharing options...
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