The People’s Budget: Hosted by Bryan Bruce

5 Comments

1. A big shout out to Bryan Bruce, Martyn Bradbury, the panelists and all others that came together to make this event happen.

   May we have more, thanks.

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2. I hope you have more of these programmes in train Brian. But why was Chris dropped off the panel? Was it because he doesn’t agree with a capital gains tax? He didm’t look quite himself though; maybe recovering from his OE.
   One apparent contradiction in the sentiments expressed though: Capital gains tax recommended on the one hand, and criticism of extremely low government debt, and extremely high private debt on the other. A capital gains tax can do nothing but exacerbate that anomaly. People will have to go deeper into debt to pay it as it would not be related to income. So people managing on low incomes but with an asset that might not generate much or any income would have to go into debt , or deeper debt to pay it; just to further reduce the already very low government debt.
   D J S

   Reply

   1. Blderberg took his brain out and replaced it with an (AI) Artificial intellegence brain.

      https://www.dailymail.co.uk/news/article-7090931/Tech-billionaires-Eric-Schmidt-Peter-Thiel-seen-secretive-Bilderberg-summit.html?ns_mchannel=rss&ito=1490&ns_campaign=1490

      Saturday, Jun 1st 2019 3PM

      Tech billionaires Eric Schmidt and Peter Thiel among the first people to show their faces at secretive Bilderberg summit in Switzerland as 130 high-powered guests discuss Russia, cyber threats and Brexit
      • More than a hundred dignitaries from 23 countries are attending conference
      • Bankers, Prime Ministers and CEOs will discuss topics under strict secrecy
      • Talking points include Russia, Brexit and the weaponisation of social media
      • The meeting of the rich and powerful attracts protest and conspiracy theories
      By HANNAH BORNO FOR MAILONLINE
      PUBLISHED: 22:31 AEST, 31 May 2019 | UPDATED: 12:03 AEST, 1 June 2019

      Tech billionaires Eric Schmidt, Peter Thiel and Reid Hoffman have been pictured at the secretive Bilderberg conference in Switzerland today.
      Former Google CEO Schmidt, 64, PayPal co-founder Thiel, 51, and LinkedIn co-founder Hoffman, also 51, are among more than a hundred high-powered guests at the summit in the five-star Fairmont Le Montreux Palace on the shores of Lake Geneva.
      Also pictured arriving for talks were King Willem-Alexander of the Netherlands, RyanAir boss Michael O’Leary and Marie-Josée Kravis who sits on the board of luxury goods conglomerate LMVH, which includes Louis Vuitton and Moët & Chandon.

      Reply

   2. “A capital gains tax can do nothing but exacerbate that anomaly. People will have to go deeper into debt to pay it as it would not be related to income.”

      That is incorrect. A CGT taxes the capital gain (if any) made when a property is sold, thus when a gain (if any) is realised.

      Reply

      1. That may or may not be the case. However it could make it impossible for medium size local businesses in any physical industry to expand their enterprise, at a tax level equivalent to the companies’ income tax level; further favouring overseas competitors.
         The government needs to address the cause of the problem rather than the symptoms, and that means taking some control back over the monetary / banking system so that out of control property price inflation doesn’t happen. Then there would be no agitation for a CGT because income tax would cover the needs of society . Capital gain is not income it’s inflation. Using money value as a primary indicator of increased value confuses inflationary currency with wealth . It is not wealth, It is an uncontrolled dysfunctional human construction costing nothing to produce in unlimited quantities by those society has allocated the right to it’s creation. Society through elected government is the only body that should have that right, and at a national level not an international one.
         D J S

         Reply