/biz/ - Business & Finance

>>56036337
But inflation already is a tax

>They could then implement a tax whereby each firm who grants a wage increase above 3 per cent would be required to pay a 100 per cent tax on the excess.

I love this newspaper but they’re even more evil than Bloomberg. Is there a financial/business publication that isn’t?

>>56036344
this. also fiscal drag into frozen tax bands is another.

>>56036337
>"policy"
>"instrument"

>>56036337
>Sushil Wadhwani
Based poo-man!

btw when did the boe gain the legal right to levy taxes or directly set prices (funny money aside)?

Whew you people are more worse than me, calm yourselves for Notherday at least

>>56036383
At this point they're playing for the lols

Check out their 2013 youtube video about the creation of money

I'll give you a clue, the answer is debt

>>56036419
yea basically everyone with a vague interest in economics understands the basics of fiat, but this is talking about the boe directly intervening in pay negotiations, setting prices directly and levying tax which i wasn't aware it had the power to do.

>>56036337
>Inflation spirals out of control
>Company decides to increase wages to combat employees diminishing purchasing power
>tax them for it

I swear to god Europeans are allergic to money or something

>>56036436
>which i wasn't aware it had the power to do
story of the central banks

slow slide to communism bypassing all government institutions in order to get the government institutions to agree in the end

>>56036436
>i wasn't aware it had the power to do.
It doesn't. It's powers are interest rates, and printing funny money.

>>56036600
We have free healthcare, you don't. Keeping seething mutt.

>>56036344
What about second inflation?

>>56039012
how can it be free when it's paid out of general taxation that i'm pretty sure i've been paying for 2 decades?

>>56039012
How often do you go to the hospital? In the US you can pay into a HDHP (high deductible health plan), pay lower premiums, keep the tax free money that would be spent on insurance (or taxes in your case) and either use it for healthcare costs or invest in the stock market.

If you don't use the money for healthcare, it becomes just another IRA at 65 and you can use it for whatever. Why pay taxes for healthcare when you can pay yourself instead?

>>56039012
>"free healthcare"

Nice cancer survival rates your free healthcare is giving you, the UK is just above China on the list of 5 year survival times, meanwhile the US tops the list.

>>56039581
any brit or yuro that immediately falls back on the free healthcare meme in response to any criticism of their country by an american (or really anyone, they'll assume theyre american) can be dismissed as a semi functioning retard and ignored.
the uk's nhs is a fucking disaster and needs to be scrapped and most brits who aren't politically motivated by it's continued existence as the last representation of post war socialism or who work for it would quietly agree.

>>56036337
I'm sorry what?

>>56039172
it's confirmed that we pay less than you for better coverage. You pay expensive insurance or an illness like cancer bankrupts you

>>56039760
I would rather pay more and live, see
>>56039581
and "paying more" is situational, my work covers all medical expenses so I don't pay anything for superior healthcare.

>>56039760
i'm a brit.
>better coverage
no dental, no optometrists, 6 weeks to see a dr for 15 minutes so they can not bother with you, routine operations with waiting lists running into multiple years, crumbling hospitals, shite survival rates compared to basically anywhere first world, ambulances that take hours to arrive, second rate treatments...
and worst of all is your pathetic cultish loyalty to it.

>>56039552
This confuses and enrages the yuropoor

>>56039801
so now i've started paying to go private because i'm not sitting in a phone queue at 8am for 2 hours trying to book an appointment and that means i'm paying twice, so definitely more than the americans.

>>56036344
You *clap* will *clap* own *clap* nothing

>>56039552
Are you talking about an HSA? Sauce on it becoming an IRA? Legit interested
>>56039012
>free
lol
lmao even

>>56039801
>>56039835
Same lol. As soon as I made enough to get private healthcare, I did. Public healthcare is a grift to enrich big pharma; I have never once received adequate care from the NHS.
When I was 22, I slipped a disc. An NHS 'specialist' diagnosed me, a 22 year old healthy male with (at the time) idiopathic neuropathy in my right arm and right eye with Myasthenia Gravis. A disease that almost exclusively affects geriatric women.
I was prescribed amitriptyline at incredibly high doses for a disease I didn't have, and faced actual severe depression for the first time in my life.
Eventually, my company paid for a private physician who, within 2 visits and an MRI correctly identified my c6/c7 slipped disc. I had a surgically implanted stint within 2 weeks and was back to my healthy self, kickboxing competitively, within 6 months.
Fuck the NHS. I never clapped once.

Sidenote: the doctor that diagnosed me with MG later that year published a study on that disease; I'm pretty sure he was using me as a datapoint.