Login/Sign up

World Association of International Studies

PAX, LUX ET VERITAS SINCE 1965
Post A Yank? Moi? On Corbyn's "Garden Tax"
Created by John Eipper on 10/13/17 4:37 AM

Previous posts in this discussion:

Post

A Yank? Moi? On Corbyn's "Garden Tax" (Timothy Ashby, Spain, 10/13/17 4:37 am)

I was amused by John Eipper's reference to my "Yank status." My Confederate antecedents would have politely taken him aside and corrected such an erroneous identification with: "Suh, I am a Virginian, never a Yank!"

Returning to the subject of Comrade Corbyn's Manifesto: paving over gardens would not make a difference to those who would be hit by the proposed Labour "garden tax." In practice this would be an annual tax calculated using the market rental value of land, whether vacant or built on, so those with gardens would be especially vulnerable. The tax would probably be charged at 3 per cent. Average homes in the South East of England--traditionally "Blue" territory--would pay £5,539, nearly four times the current £1,466 average cost of council tax in the region, or £4,073 more. Homeowners on fixed incomes would be devastated financially.

The Labour Party also plans a "wealth tax" on those earning more than £80,000 ($105,000) per year. Of course, this won't affect billionaires like "Sir" Philip Green, a tax exile in Monaco, who received his Knighthood at the recommendation of former Labour PM Tony Blair. Green spends much of the summer cruising on his £100 million, 300-foot Benetti yacht Lionheart and has a £20 million Gulfstream G550 private jet. For his birthday, his wife bought him a solid gold Monopoly set, featuring his own acquisitions. Lovely fellow. He and his family collected £586 million during their 15-year ownership of British Homes Stores (BHS) before it closed last year, heavily in debt, costing 11,000 people their jobs.

JE comments:  I had to Google "solid gold Monopoly set" and came up with this $2 million edition.  I don't know if Sir Philip's set is the same one:

https://www.dnainfo.com/new-york/20101015/downtown/solid-gold-monopoly-set-arrives-on-wall-street

Irony abounds here.  (It often does.)  Monopoly came on the scene during the destitute 1930s, as a way to make Americans feel less poor.  Perhaps it reinforced capitalism at a time when its future was in doubt?

Sorry about "Yanking" you, Tim!  Do you often find yourself correcting folks in London when you're mislabeled?


SHARE:
Rate this post
Informational value 
Insight 
Fairness 
Reader Ratings (0)
0%
Informational value0%
Insight0%
Fairness0%

Visits: 86

Comments/Replies

Please login/register to reply or comment: Login/Sign up

  • Brexit and Britain's Food Self-Sufficiency (John Heelan, UK 10/14/17 3:34 PM)
    As Istvan Simon regularly points out, the UK might find it difficult to be self-sufficient in food resources following Brexit.

    During WWII and the Battle of the Atlantic that Istvan often cites, householders were encouraged by the "Dig For Victory" campaign to grow as much food in their gardens and community "allotments" as they could. I recall seeing suburban gardens and allotments flourishing with vegetable crops: sometimes householders would keep rabbits to provide a meat ration. Housewives often complained that their husbands were disappearing "down the allotment" on the feeblest excuse, suspecting them of hiding in their sheds and drinking the beer they brewed in them.


    What we missed as children were non-indigenous fruits such as oranges and bananas and had to substitute with malt-based and other products. A Labour post-Brexit Land Value Tax would inhibit the UK's repeating its efforts to feed itself as it did sixty years ago.


    JE comments:  "Down the allotment" and down the hatch!  National food self-sufficiency seems like a quaint worry of times long past, but is there anything more fundamental to a nation's survival?

    Please login/register to reply or comment:

    • The Reality of a "Bad-Tempered" Brexit (Angel Vinas, Belgium 10/15/17 5:15 AM)
      The Brexit negotiations are not going well. We have arrived at the stage of mutual recriminations. Food self-sufficiency, although very important, is not the only important problem the UK is facing. In particular, if there is no agreement on the conditions under which Brexit will take place.

      I refer to the most recent article I know (it has come out today) on this particular subject. It makes for grim reading.


      https://www.theguardian.com/politics/2017/oct/15/grim-reality-of-bad-tempered-brexit?utm_source=esp&utm_medium=Email&utm_campaign=GU+Today+main+NEW+H+categories&utm_term=248008&subid=19108539&CMP=EMCNEWEML6619I2


      JE comments:  Some of the "hard Brexit" scenarios outlined above sound to me like scaremongering--why would flights be grounded?  But the prospect of 20-40% tariffs on food between UK and the rest of the EU can lead to only one thing:  a proportionate increase in prices.


      Tim Ashby has shopped recently in both France and the UK.  His comments are next.


      Please login/register to reply or comment:

      • EU-UK Air Travel Post-Brexit (Angel Vinas, Belgium 10/16/17 4:18 AM)
        There´s a simple answer to John Eipper´s question. In the EU the Open Skies is the rule nowadays, a sort of extension to flying companies of the rules of the single market. It means there is no discrimination among national airlines. Thus Ryanair (an Irish company) can fly from Spain to Poland as it were a Spanish airline.

        Without an agreement on how to implement Brexit, the cliff-edge scenario would apply. The UK would then be cut out of the single market and the Open Skies agreement.  UK-based airlines would have to negotiate flying and landing agreements with each of the EU Member States to which they would like to fly. These agreements would have to be made on a purely bilateral basis. EasyJet, for instance, is creating a subsidiary company to be based in Austria to escape that cul-de-sac.


        The file is extremely complicated but this is the core of it as far as I understand it. British airlines are keen to have an agreement between the UK and the EU a year or so before March 29, 2019. The UK Government is playing with fire.


        JE comments:  Many companies must be following the example of EasyJet.  Are there any examples of Continental corporations starting subsidiaries in the UK?  BMW is already set, with Rolls-Royce and Mini.  But are they companies in the legal sense, or merely "brands"?

        Please login/register to reply or comment:

        • EU-UK Air Travel Post-Brexit (Tom Hashimoto, UK 10/17/17 4:13 AM)

          A quick question about air travel post-Brexit. Isn't it true, that when the UK leaves the EU, the EU is expected to be more integrated, and perhaps, to the point where London just needs to negotiate with Brussels instead of Member State by Member State?


          JE comments:  Tom Hashimoto, WAISworld's citizen of the world extraordinaire, divides his time between Poland, Lithuania, UK, and Kyrgyzstan.  Is Brexit going to complicate your multinational lifestyle, Tom, or do you anticipate no changes?

          Please login/register to reply or comment:


        • Rolls-Royce: Company or Brand? (Timothy Ashby, Spain 10/17/17 4:26 AM)
          To answer John E's question about "companies" and "brands"--my daughter is a management trainee with Rolls Royce PLC, which primarily makes aircraft engines.

          Rolls-Royce Motor Cars Limited is a wholly owned subsidiary of BMW established in 1998 after BMW was licensed the rights to the Rolls-Royce brand name and logo from Rolls-Royce PLC. RR still owns the brand and logo. The cars are still manufactured in England.


          JE comments:  BMW paid £40 million in 1998 for the R-R name, logo, and "Spirit of Ecstasy" icon.  At $250,000 for a "cheapo" Rolls, the investment has been amortized after only 200 cars or so.  Given the unparalleled history and cachet of RR, this was quite the bargain.


          Good luck to your daughter in her new job, Tim! My newly graduated engineer nephew just started at Pratt & Whitney in Connecticut, so WAISworld has the jet engine business covered.


          Wouldn't you WAISers feel really good to have your editor in a Roller? I am receptive to the idea of a company car.  The license plate is already picked out.

          Please login/register to reply or comment:




    • Food Shopping in UK Post-Brexit (Timothy Ashby, Spain 10/15/17 5:32 AM)

      According to the British Retail Consortium, which represents major supermarkets and other stores, British consumers could face an average tariff of 22 percent on food from the European Union if Prime Minister Theresa May fails to reach a trade deal with the EU before "B-Day" on Friday, 29 March 2019.


      Close to 80 percent of British food imports (worth around £20 billion per annum) come from EU member states, and if no trade agreement is reached Britain and the EU would have to treat each other as World Trade Organization members following WTO rules, which would mean average tariffs of 22 percent, with some as high as 46 percent for Italian mozzarella cheese, and 40 percent for Irish beef and cheddar cheese (thankfully, French wines would only face a 4 percent tariff).


      We've already seen slightly higher supermarket costs for imported food and wines due to the lower value of sterling, which fell the day after the referendum and remains around 10 percent lower against the dollar and at an eight-year low (nearly 20%) against the euro. Many economists predict that the pound will soon reach parity with the euro, and already high street and airport currency exchange shops are selling pounds for less than 1:1.


      I'm writing this from Villefranche sur Mer, France, where Rosemary and I are enjoying a few precious days of sun and warmth before returning to London. We note that food (and, of course, wine) prices at our local Carrefour and Super U grocery stores are about 15-20 percent less than identical items in the UK. What is baffling, yet welcome, is that prices for single malt whisky such as my favorites Talisker and the Balvenie are also lower than in London and Edinburgh.


      JE comments:  British WAISers:  stock your cellars now!  Wouldn't a "hard Brexit" also hit the Irish economy, well, hard?  Although conversely, as the only Anglophone EU member remaining, the Republic could find a lot of new opportunities in the finance and service sectors.


      Please login/register to reply or comment:



Trending Now



All Forums with Published Content (41654 posts)

- Unassigned

Culture & Language

American Indians Art Awards Bestiary of Insults Books Conspiracy Theories Culture Ethics Film Food Futurology Gender Issues Humor Intellectuals Jews Language Literature Media Coverage Movies Music Newspapers Numismatics Philosophy Plagiarism Prisons Racial Issues Sports Tattoos Western Civilization World Communications

Economics

Capitalism Economics International Finance World Bank World Economy

Education

Education Hoover Institution Journal Publications Libraries Universities World Bibliography Series

History

Biographies Conspiracies Crime Decline of West German Holocaust Historical Figures History Holocausts Individuals Japanese Holocaust Leaders Learning Biographies Learning History Russian Holocaust Turkish Holocaust

Nations

Afghanistan Africa Albania Algeria Argentina Asia Australia Austria Bangladesh Belgium Belize Bolivia Brazil Canada Central America Chechnya Chile China Colombia Costa Rica Croatia Cuba Cyprus Czech Republic Denmark East Europe East Timor Ecuador Egypt El Salvador England Estonia Ethiopia Europe European Union Finland France French Guiana Germany Greece Guatemala Haiti Hungary Iceland India Indonesia Iran (Persia) Iraq Ireland Israel/Palestine Italy Japan Jordan Kenya Korea Kosovo Kuwait Kyrgyzstan Latin America Liberia Libya Mali Mexico Middle East Mongolia Morocco Namibia Nations Compared Netherlands New Zealand Nicaragua Niger Nigeria North America Norway Pacific Islands Pakistan Palestine Paraguay Peru Philippines Poland Polombia Portugal Romania Saudi Arabia Scandinavia Scotland Serbia Singapore Slovakia South Africa South America Southeast Asia Spain Sudan Sweden Switzerland Syria Thailand The Pacific Tunisia Turkey Turkmenistan UK (United Kingdom) Ukraine USA (America) USSR/Russia Uzbekistan Venezuela Vietnam West Europe Yemen Yugoslavia Zaire

Politics

Balkanization Communism Constitutions Democracy Dictators Diplomacy Floism Global Issues Hegemony Homeland Security Human Rights Immigration International Events Law Nationalism NATO Organizations Peace Politics Terrorism United Nations US Elections 2008 US Elections 2012 US Elections 2016 Violence War War Crimes Within the US

Religion

Christianity Hinduism Islam Judaism Liberation Theology Religion

Science & Technology

Alcohol Anthropology Automotives Biological Weapons Design and Architecture Drugs Energy Environment Internet Landmines Mathematics Medicine Natural Disasters Psychology Recycling Research Science and Humanities Sexuality Space Technology World Wide Web (Internet)

Travel

Geography Maps Tourism Transportation

WAIS

1-TRIBUTES TO PROFESSOR HILTON 2001 Conference on Globalizations Academic WAR Forums Ask WAIS Experts Benefactors Chairman General News Member Information Member Nomination PAIS Research News Ronald Hilton Quotes Seasonal Messages Tributes to Prof. Hilton Varia Various Topics WAIS WAIS 2006 Conference WAIS Board Members WAIS History WAIS Interviews WAIS NEWS waisworld.org launch WAR Forums on Media & Research Who's Who