New British Prime Minister slashing taxes….going to spur economic boom

[2aguy]

First lol but the new PM in Britain actually wants economic prosperity….maybe she can come here?

Margaret Thatcher 2.0?

British Prime Minister Liz Truss is going big. Her Chancellor, Kwasi Kwarteng, has unveiled an aggressive program of permanent tax cuts. The Wall Street Journal likes the plan: Mr. Kwarteng axed th…

www.powerlineblog.com

 

[JGalt]

MUKGA!! (Make the United Kingdom Great Again)

Guess before long, the leftists will be calling her "Hitler of the Isles." Like they called Trump "Literally Hitler" and Bolsonaro "Tropical Hitler."

 

[JackOfNoTrades]

Ah...tax cuts and massive spending. Reaganomics..four decades later. Cause it's been such a huge success.
God..Save..The Britains!

Britain sends investors fleeing with historic tax cuts and borrowing

Britain's new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge increases in borrowing on Friday in an economic agenda that floored financial markets, sending sterling and British government bonds into freefall.

www.reuters.com

 

[Marener]

First lol but the new PM in Britain actually wants economic prosperity….maybe she can come here?

Sounds like a recipe for inflation.

 

[busybee01]

First lol but the new PM in Britain actually wants economic prosperity….maybe she can come here?

Margaret Thatcher 2.0?

British Prime Minister Liz Truss is going big. Her Chancellor, Kwasi Kwarteng, has unveiled an aggressive program of permanent tax cuts. The Wall Street Journal likes the plan: Mr. Kwarteng axed th…

www.powerlineblog.com

This woman has no clue what she is doing. She is a right wing nut. The rich are already paying ridiculously low rates in this country.

 

[busybee01]

Ah...tax cuts and massive spending. Reaganomics..four decades later. Cause it's been such a huge success.
God..Save..The Britains!

Britain sends investors fleeing with historic tax cuts and borrowing

Britain's new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge increases in borrowing on Friday in an economic agenda that floored financial markets, sending sterling and British government bonds into freefall.

www.reuters.com

When President Reagan did this, the top tax rate was over 50%. Democrats and Republicans were competing to lower rates.

 

[busybee01]

Sounds like a recipe for inflation.

Naw the rich don't cause inflation according to the elites in this country. That only happens when a ordinary American gets a few extra dollars.

 

[2aguy]

When President Reagan did this, the top tax rate was over 50%. Democrats and Republicans were competing to lower rates.

Democrats don’t lower taxes….ever

 

[2aguy]

Naw the rich don't cause inflation according to the elites in this country. That only happens when a ordinary American gets a few extra dollars.

Inflation is directly caused by government overspending, nothing else causes inflation

 

[SassyIrishLass]

Naw the rich don't cause inflation according to the elites in this country. That only happens when a ordinary American gets a few extra dollars.

Actually government spending too much is a greater cause

 

[jasonnfree]

Here's a link that doesn't agree with the o.p.
Actually, things tend to boom when democrats are running things. Obama had an eight year run of a great economy, rising stock market after the Bush economy crashed. This treasonous trump piece of shit just got on the freight train that Obama started eight years earlier, then the pandemic.

Yes, Democrats manage the economy better than Republicans.

You would think that the so-called “party of big business” would know how to make our economy hum. Turns out it’s the Dems who are better at it.

forwardky.com

 

[Marener]

Inflation is directly caused by government overspending, nothing else causes inflation

Actually government spending too much is a greater cause

The conservative right in this country blame stimulus checks to people for causing inflation.

Tax cuts do the same thing.

 

[alexa]

It is a 'budget' for the rich and the richer you are the move you are going to get. Meanwhile ordinary people do not have money to pay fuel and food. She has put a cap on what we pay for fuel, but it is still double last year.

We have got a move into working class tradition brought on by the rail unionists. They are explaining to people what the situation is - and workers are doing something people have hardly heard about since Thatcher. Strikes. When last we were in this economic situation it was the rich who benefited while the working class paid for it, They do not want that again. Truss is threatening that if they do not stop their strikes she is going to pass a new law which will allow her to find any people she can to do the jobs instead. It could be that people refuse to take over the jobs of the rail people and others who go on strike. Like yourselves we have a lot of menial jobs available so if people want a job they should be able to get one without stealing the rail people's. Until now people have been supportive of them despite the inconvenience. All working class people are now feeling the pinch. It is also going to raise interest rates significantly which will mean many people will be unable to pay their mortgage and will become homeless and this will be middle class as well as working class people.

There are some people who do not work full time and who claim some benefits. Truss says if they do not start working longer they will have their benefits removed.

About her tax changes for the most rich. She doesn't have the money to pay for them so she wants to take out a massive loan. However we have been hearing that people are not happy to lend to the UK now thinking our position is very precarious.

 

[skye]

To think that people thought nobody could be as bad as Boris The Clown! LOL

and there she is ..... that moron, idiotic Truss!

too funny for words!

 

[fncceo]

The rich are already paying ridiculously low rates in this country.

 

[WillowLily]

Sounds like a recipe for inflation.

Yes it does, she and her Chancellor are making the Poor poorer , they don't seem to care about the working class, i think she and her government want a class war, there are going to be protests we the people will not be silent about this.

 

[2aguy]

The conservative right in this country blame stimulus checks to people for causing inflation.

Tax cuts do the same thing.

It did.....giving away money causes inflation.

 

[pyetro]

First lol but the new PM in Britain actually wants economic prosperity….maybe she can come here?

Margaret Thatcher 2.0?

British Prime Minister Liz Truss is going big. Her Chancellor, Kwasi Kwarteng, has unveiled an aggressive program of permanent tax cuts. The Wall Street Journal likes the plan: Mr. Kwarteng axed th…

www.powerlineblog.com

I think I found the worst USMB thread ever.

UK's Truss drops tax cuts, axes Treasury chief amid turmoil

British Prime Minister Liz Truss has abandoned a planned cut to corporation tax, scrapping a key part of an economic plan that sparked weeks of market and political turmoil

abcnews.go.com

 

[Tommy Tainant]

I think I found the worst USMB thread ever.

UK's Truss drops tax cuts, axes Treasury chief amid turmoil

British Prime Minister Liz Truss has abandoned a planned cut to corporation tax, scrapping a key part of an economic plan that sparked weeks of market and political turmoil

abcnews.go.com

Its fucking hilarious.Trickle down just trickled out.