The United Kingdom Elections 2010

[tibilicus]

as long as they continue to make vast amounts of money, who cares?

it was Browns vaunted tri-partite scheme of financial governance that on introduction immediately failed the first crisis that was presented to it; you remember when he proudly boasted he had broken the cycle of boom and bust?

Spoken like some one who obviously believes in his free market principles. I don't mean that in a bad way, I myself believe the free market should be free to some extent. I just don't think after the recent crisis that the banks can go on being unregulated. It is possible to regulate without suffocating the free market, we just haven't tried it yet.

Also isn't it the banks desire to make huge sums of money regardless of the risk factor in investments that got us into this mess in the first place?

Well tax is institutional theft. Anyroad, everyone in the UK pays tax in one form or another. Even my 3 year old grandsons.

Tax isn't bad, it's the way our tax system works.

Someone earning over £40,000 (I think that's right) qualifies for the highest tax band of 40%. That means he or she has to pay the same % of tax as someone earning £100,000, someone earning £1,000,000 would only pay 10% more.. I would much prefer a system where there's another tax band and from £40,000 to £55,000 your only taxed 30-35%. Even more ironic is that most people earning £100,000+ can afford to pay some one to get them out of paying a large sum of tax. That basically means that the middle/upper middle class are left to pay the tax burden. The people on lower wages are closer to minimum wage so are unlikely to be taxed much and the rich just don't pay.

Who would of thought that the middle class were actually the oppressed ones in the class system.

[al Roumi]

Who would of thought that the middle class were actually the oppressed ones in the class system.

Lets face it, they are also (historicaly and currently) the only group that really has the initiative and capacity to control and effect change. The vast majority of MPs (senior MPs) must be from middle class backgrounds.

[Furunculus]

Spoken like some one who obviously believes in his free market principles. I don't mean that in a bad way, I myself believe the free market should be free to some extent. I just don't think after the recent crisis that the banks can go on being unregulated. It is possible to regulate without suffocating the free market, we just haven't tried it yet.

Also isn't it the banks desire to make huge sums of money regardless of the risk factor in investments that got us into this mess in the first place?

i am not against a regulated banking system, but that regulation must maintain britain as a competitive place to do business............. as well as mitigate the impact of cyclical financial trends. ;abour don't have much credibility here.

yes it is, but they should not consider themselves too big to be allowed to fail.

[edit]
what gordon's treasury was doing when people began to speculate on a house pricing bubble:
http://blogs.telegraph.co.uk/finance...t-the-economy/
[/edit]