I’m not sure he knows what to do! It would take me 10 minutes to implement change so ten years to me sounds like he’s got no bloody idea!
Yet, I happen to like Andy Burnham. I’m a social side of centre person so I immediately orientate towards him and Labour.
Politicians just don’t get taxation! They fail to see that it’s SPENDING of MONEY that TRIGGERS TAX REVENUE!
They can’t see that even Income Tax, yes INCOME TAX, is triggered by SPENDING NOT EARNING.
They go into a fit when presented with the truth. Because it means they have to admit being wrong!!
But it’s true. No amount of work can ever get paid unless FIRST someone has to SPEND by choice or by need or by demand from government.
Yes it’s a little known or appreciated fact that it’s the act of SPENDING that triggers tax and not working per se!
You can’t earn until you get paid by someone else SPENDING their money including the government. They are the de facto person who SPENDS.
And unless you get paid no tax is triggered. So no amount of work will ever trigger tax. It’s only when money moves via the act of SPENDING does tax get triggered!!
So put this together.
We ALL rely on the act of SOMEONE or SOMEBODY to SPEND their money before we get our MONEY so the point word is SPENDING.
Just like when employers SPEND on the wages of their employees. The trigger point for passing on MONEY to the worker and triggering tax take is the same at the same point and is at the point of SPENDING MONEY.
So if that is the case (and it very much is) then the answer to his and our prayers is to encourage or enforce the SPENDING of more MONEY and crucially in as faster time as possible but I suggest monthly.
But this points to the real problem with our monetary system and why it gets bogged down by stagnation and recessions.
And that is not the money that is SPENT and rotated around our pockets. No, it’s the MONEY that each month is NOT SPENT because it’s the MONEY sitting in Bank accounts here and abroad UNSPENT and idle. Unused and withheld from us and the flow around us and the tax triggering moment that I have described above.
It’s that hiving off our much needed money that reduces SPENDING and so reduces tax revenues which lead to constant deficits when what we need is higher earning from higher SPENDING and higher turnover and exponentially more tax taken in revenues.
Whereas we could easily replace our present position from stagnant money in vast sums withheld in bank accounts to pushing that money through our economy and trigger so much more tax take that we get more income and that triggers more tax revenue from that tsunami of SPENDING to give our government so much more tax take that they can vastly reduce our overall tax take!
Yes, vast sums being SPENT instead of NOT SPENT each month will have such a dramatic effect in a month that we won’t need taxes! We will just need one tax. And that will be Vat.
Yes Vat alone will be do large that we won’t need any other tax.
So more spending of more money that’s already in our economy will quickly turn around our economy to give us all more income but crucially the government gets so much more money to SPEND on us, for us.
More homes, schools and hospitals. From constant surpluses.
No more debt and no more deficits.
That’s what he must do immediately! Not in ten years. Now.
I’m not sure he knows what to do! It would take me 10 minutes to implement change so ten years to me sounds like he’s got no bloody idea!
Yet, I happen to like Andy Burnham. I’m a social side of centre person so I immediately orientate towards him and Labour.
Politicians just don’t get taxation! They fail to see that it’s SPENDING of MONEY that TRIGGERS TAX REVENUE!
They can’t see that even Income Tax, yes INCOME TAX, is triggered by SPENDING NOT EARNING.
They go into a fit when presented with the truth. Because it means they have to admit being wrong!!
But it’s true. No amount of work can ever get paid unless FIRST someone has to SPEND by choice or by need or by demand from government.
Yes it’s a little known or appreciated fact that it’s the act of SPENDING that triggers tax and not working per se!
You can’t earn until you get paid by someone else SPENDING their money including the government. They are the de facto person who SPENDS.
And unless you get paid no tax is triggered. So no amount of work will ever trigger tax. It’s only when money moves via the act of SPENDING does tax get triggered!!
So put this together.
We ALL rely on the act of SOMEONE or SOMEBODY to SPEND their money before we get our MONEY so the point word is SPENDING.
Just like when employers SPEND on the wages of their employees. The trigger point for passing on MONEY to the worker and triggering tax take is the same at the same point and is at the point of SPENDING MONEY.
So if that is the case (and it very much is) then the answer to his and our prayers is to encourage or enforce the SPENDING of more MONEY and crucially in as faster time as possible but I suggest monthly.
But this points to the real problem with our monetary system and why it gets bogged down by stagnation and recessions.
And that is not the money that is SPENT and rotated around our pockets. No, it’s the MONEY that each month is NOT SPENT because it’s the MONEY sitting in Bank accounts here and abroad UNSPENT and idle. Unused and withheld from us and the flow around us and the tax triggering moment that I have described above.
It’s that hiving off our much needed money that reduces SPENDING and so reduces tax revenues which lead to constant deficits when what we need is higher earning from higher SPENDING and higher turnover and exponentially more tax taken in revenues.
Whereas we could easily replace our present position from stagnant money in vast sums withheld in bank accounts to pushing that money through our economy and trigger so much more tax take that we get more income and that triggers more tax revenue from that tsunami of SPENDING to give our government so much more tax take that they can vastly reduce our overall tax take!
Yes, vast sums being SPENT instead of NOT SPENT each month will have such a dramatic effect in a month that we won’t need taxes! We will just need one tax. And that will be Vat.
Yes Vat alone will be do large that we won’t need any other tax.
So more spending of more money that’s already in our economy will quickly turn around our economy to give us all more income but crucially the government gets so much more money to SPEND on us, for us.
More homes, schools and hospitals. From constant surpluses.
No more debt and no more deficits.
That’s what he must do immediately! Not in ten years. Now.