October 10th, 2012

Labour Row Back on Millionaire Spin

Interesting that Labour attack dog Michael Dugher is rowing back on Millionaire Miliband’s tax spin this afternoon. Dugher is refusing to repeat the absurd idea that Cameron has written himself a £40,000 cheque, now nuancing the argument by noting that only 8,000 millionaires will benefit. Might be something to do with Dave slaughtering Ed on tax during his speech:

“Did you hear what Ed Miliband said last week about taxes? He described a tax cut as the government writing people a cheque. Ed…Let me explain to you how it works. When people earn money, it’s their money. Not the government’s money: their money. Then, the government takes some of it away in tax. So, if we cut taxes, we’re not giving them money – we’re taking less of it away. OK?”

An important distinction…


86 Comments

  1. 1
    David Miliband says:

    Ed doesn’t get it.

    Like

    • 12
      • 18
        Hang The Bastards says:

        Thats the problem with the lefties, they think IT IS THEIR MONEY !

        Like

        • 24
          Anonymous says:

          If you look at it, Bank of England just create it. They can create billions and billions in a second.

          This is why what £ can buy today is less than a year ago.

          Like

        • 52
          Actually says:

          They think its the Governments money.

          Like

          • Jimmy says:

            “Shew me the tribute money. And they brought unto him a penny. And he saith unto them, Whose is this image and superscription? They say unto him, Caesar’s. Then saith he unto them, Render therefore unto Caesar the things which are Caesar’s; and unto God the things that are God’s.”

            Matthew 22:19-21

            Like

        • 65
          whippersnapper2 says:

          Yep. It’s so hard to explain the difference to them. I think it’s something to do with their brainlessness heads.

          Like

      • 30
        Pay-Sites Suck says:

        It wants me to log in.

        Like

    • 17
      Anonymous says:

      For Cameron (worth £30m), Osborne (worth £6m) is poor. For Osborne most of us are poor.

      Cameron doesn’t write a cheque to himself, he just cut it for himself.

      My issue is why didn’t he cut it for all i.e. reduce based rate to 15%. Or just not raise employee national insurance or VAT?

      Why Cameron wants us to pay more tax and cut his tax bill?

      Like

      • 39
        Captn P says:

        Because the 50% tax rate doesn’t raise anything like a 5% cut in VAT. There is a genuine debate as to whether it raises any extra money at all and may actually cause less tax to be collected.

        But hey why let facts get in the way of socialist envy.

        Mansion tax anyone?

        Like

        • 57
          ÁC1 says:

          Mansion tax isn’t actually an envy tax. A less fucked up by Vince mansion tax would be supported by Adam Smith.

          Like

          • michael says:

            2 years ago used to live in a semi, but now under Vince’s administration, as it is more than 40 quadrat meters, the state apportioned space, I find my house reclassified as a mansion … I await the gulag transportation.

            Like

          • Lady Virginia Droit de Seigneur says:

            In the area I live Victorian terraces with an area less than 2000sq ft go for more than £1m. This is not because they are mansions or inhabited by the vulgar rich.

            Like

    • 29
      Pinus says:

      With his face, I’m not surprised.

      Old schoolboy joke

      Like

    • 64
      whippersnapper2 says:

      Socialist crackpots born into Marxist families NEVER ‘get it’ which is why we are where we are.

      Like

    • 68
      NE Frontiersman says:

      ‘ When people earn money, it’s their money. Not the government’s money: their money. Then, the government takes some of it away in tax. So, if we cut taxes, we’re not giving them money – we’re taking less of it away. OK?”..’

      Strangely not mentioned in the Guardian’s report of the speech.

      Like

      • 72
        NE Frontiersman says:

        ANY of the Guardian’s reports, as it goes.

        Like

      • 78
        JH says:

        They literally cannot face up to that fact. To do so would shatter the entire basis of their world view.

        Imagine spending your days with such a twisted grip on reality. No wonder their faces look all snarly and twisted.

        Like

    • 77
      Blowing Whistles says:

      Dugher was indoctrinated into the marxist communist trade at Warwick University. Many of his former University colleagues remember him as being a right nasty piece of 5hit.

      After Uni he weaseled his way into becoming the ‘spokesman’ for bliars favourite union nabob – Ken Jackson of the AEEU for a couple of years.

      Then he popped up at Milbank towers – where he intimidated many civil servants.

      His reward from there was to be granted Spad status – by Geoff Buff Hoon over at the MOD – at the time of the murder of Dr Kelly.

      Like

    • 83
      j d says:

      i got it in the face because i threatened to open my mouth

      Like

  2. 2
    Aunt Mat says:

    Its a bit naughty to give your own natural supporters a cash bonus.

    If there are really 8000 people who will benefit, why not call it off and avoid all the fuss.

    Like

    • 9
      Timmy Tour says:

      8,000 millionaires will benefit. there are considerably more who earn above the threshold who will benefit. And the likeliehood is they will do far more to boost the economy with the money that’s not taken from them, than the govt would do with it if they took it.

      Like

      • 23
        Gordon Brown says:

        Tax-cuts take money from the economy.

        Like

        • 49
          Dr Evil says:

          Tax cuts put money into your pocket which you can then spend. Boosts the economy. If you choose to save it then the interest is taxed. Taxes are then squandered.

          Like

        • 50
          Anonymous says:

          Thats rubbish the total amount of money in the economy doesn’t change merely the amount the government takes in taxes

          Like

  3. 3
    Ed Millionaireband says:

    You lost me on the “when people earn money,it’s their money” bit.

    Like

    • 11
      Anonymous says:

      That’s why you were Gordon’s adviser at the Treasury, then?

      Like

    • 36
      The Central Scrutinizer says:

      I think that Ed’s lack of awareness on this point comes from the fact that his own wages come out of the Government’s coffers. Trying to explain to him how people earn money by delivering value in the real, global economy is like getting a man who has lived his life in a two dimensional world, to understand what life is like in three dimensions (a la ‘Flatland’ by Edwin Abbott Abbott).

      Ed’s time at Oxford and Harvard may well have prepared him for life as a professor – but it hasnt prepared him for life in charge of a country and an economy.

      Like

      • 55
        To Be Fair says:

        To be fair I’m sure Eds father prepared him for life in a totalitarian marxist paradise as well.

        Like

        • 79
          Pallas Athene says:

          I’m told it’s easy to admire a totalitarian marxist paradise from your million-pound house on Primrose Hill.
          Not that I’d know.

          Like

    • 51
      Mafs 4 fickos says:

      It’s easy. Imagine a Rubik cube with all sides coloured red. If I then take away your cube, what colour will the sides be now?

      Answer: 40% red, assuming a blank cheque and a double-dipping economy in freefall. [GCSE Economics 2012 : 5 marks]

      Like

  4. 4
    Silent Bob says:

    Like

    • 59
      I agree with Bob says:

      I like how your comment is so very precise Bob.

      Like

      • 66
        Handycock (Teen Fondler) says:

        Bob has about as much to say on topics as I normally do. I would also like to say me and my boys, all millionaires, don’t see where this £40,000 each is coming from, that Ed Milliband keeps talking about. Boaz.

        Like

    • 85
      j d says:

      if only i’d followed guru bob’s example perhaps my brains would still be inside my head and not all over fulham. there is a beautiful corona, a halo of fear and paranoia glittering over this little gem of baby-see history…but who gonna get a shovel out and start digging. not me i’m already in a hole six foot deep….

      Like

  5. 5
    annette curton says:

    Why do these politicians always dig a big hole for themselves?, or to put it another way, give them enough rope and some time and they will inevitably hang themselves.

    Like

    • 7
      Anonymous says:

      I’ve got some rope in the shed.
      Anyone got Bliars address?

      Like

    • 35
      Anonymous says:

      Never mind, William ” Can we push those two single beds together” Hague has announced he’s in favour of gay marriage – well it is the most important issue of the day after all.

      Like

  6. 6
    EdMiliband says:

    Wunashan

    Like

  7. 8
    Weird Ed says:

    Yeth. But your wrong.

    It’s not their money, all money is ours, property is theft. Daddy said so .(exthept the propery that we have put in trutht for ourthelves)

    Like

  8. 10
    Ed Balls (Complete with Bradley Wiggins sideburns) says:

    David Cameron “…We’re taking less of it away”

    Utter bollocks and a downright lie from Cameron.

    The Tory twerp needs to distinguish between direct and indirect taxes.

    I shall request details of the various trusts that David Cameron has in place.

    A most despicable Prime Minister.

    Like

    • 27
      The One Notion Party says:

      But …”A Winner !”

      Like

    • 82
      Sarge says:

      Yawn – I quite agree despicable to mislead the public….why no rage at Ed’s untruths from last week then? Or has year zero started immediately after his speech?

      Or are leftie untruths ok?

      Labour twerps need to distinguish between right and wrong before moralising.

      Like

  9. 13
    Brent Fraser says:

    Labour thought that their point about £40k cheques for millionaires would be a catchy soundbite. Unfortunately, the whole idea was very poorly thought out and appears to have ended up back-firing on them. Added to the fact that EdM is most likely a millionaire himself (we can only presume so, as he doesn’t deny it) and he’s on very shaky ground with his line of attack.

    Like

    • 63
      Come in No.10, your time's up says:

      If Labour think a 50% top tax rate should be the norm then why did they have it at 40% for twelve years? By their own logic they in effect wrote a cheque for almost £1 million during the Brown Terror to each of the income millionaires they despise.

      Like

      • 84
        Statistician says:

        Actually 12 years, 11 months and 1 week. The cynical one-eyed genius put it up to 50% just before the 2010 election that he knew he would lose.

        Labour = Total Hypocrisy

        Like

  10. 14
    Fees Clerk,House of Commons says:

    Do I need to remind all of yet again how much wonga “Dave” trousered by way of expenses?

    Like

  11. 15
  12. 19
    George Gideon Oliver Osborne says:

    Whoopee !

    The FTSE is on the slide yet again,and more to come this afternoon.

    Go Short ! Go Short ! Go Short !

    Like

  13. 20
    Anonymous says:

    ell Done Cameron – maybe that backbone of his returning. Now he needs to return to No10 and put the libdems in their place.

    Like

    • 32
      Well it's a thought says:

      Suppose Camoron has had his future read to him and 2015 headlines say both Clegg and Camoron have bought a minibus each to drive their voter around.

      Like

  14. 21
    Err says:

    Why not make medium / long term investments in UK FTSE And UK AIM Companies an x % age tax deductible?

    Like

  15. 26

    BBC News

    Well, you’ve heard the speech from Leader, David Cameron, of the Tory party.
    {we have to say that bit..in case you really, really are that stupid you don’t know who the leader of the country is. We even do it with the Queen. Queen Elisabeth II we say. In case you thick couch folk think we’re discussing Queen Xanaduimida of the Nkoshi..anyway..}

    Lets ask our unbiased panel of Mark Serwotka, Francois Hollande, Robespierre, George Washington and Gladstone what they think of the Tories.

    Mark..?

    Like

  16. 28
    Tron says:

    I thought at the time the “a tax cut is the government writing people a cheque.” was Ed’s big mistake in his speech.
    It was the real Red Ed. He believes that your wages belong to the Government and that they give you back the pocket money they think you deserve. No one in his team spotted it because they all think like this.

    Cameron should stick with this point right up to the election.

    Like

  17. 38
    A Milibean says:

    wunashun

    Like

  18. 41
    Nick & Jon return to the political fray says:

    Jon: “Nick….what did you make of David Cameron’s Speech to the Tory Conference ?”
    Nick : ” Well, John unusually I was sitting at the end of a row in the hall, instead of my usual position at the back for a quick exit to the bar, and several of the the faithful were nodding their heads and mouthing…”Yes that’s right !” in a quiet English way that Tories are apt to do and I have to say, having been in Manchester last week that I didn’t detect the same sort of fervour that Ed Miliband’s Speech created with Labour delegates !”
    Jon: ” So, you don’t think that David Cameron has made the sort of impact he would have wanted in the country ?”

    Nick : “No…in fairness, Jon I don’t and I’ll tell you why…there was simply no new policy initiatives within his speech that would connect with the wider public outside of the faithful inside the hall. He was very much on the defensive throughout and whilst he mentioned that he went to a good school he simply could not bring himself to mention…Eton.!”

    Jon; “So you think that of the three Leader’s Speeches to conference that Ed Miliband is the one that was the game-changer ?, Nick ?”
    Nick; ” Yes…I do and we may just and I say may just have seen the start of Labour’s return to government !”
    Jon; “Thank you, Nick !”

    Like

  19. 43
    The BBC says:

    It’s OK for a dirty old man to pork vulnerable young girls if the dirty old man works for us.

    And porks them in our offices.

    Like

    • 48
      Tron says:

      Here on Newsnight we cover all the important news stories except for “Newsnight covers-up BBC star’s sex scandal”

      Like

  20. 47
    Dr Evil says:

    Cameron makes a superb point. ROTFLMFAO @ Milliband. Idiot!

    Like

  21. 54
    Guardian advert says:

    Headstone for quick sale. Suitable for near-upright blonde geezer. Late buyer to collect. Ask for Jim. No time wasters, please.

    Like

  22. 58
    Anonymous says:

    Labour has no fucking idea about economics and the real world. Seize it and piss it up against the wall- the Clown and Bollocks approach to good housekeeping. God save us from these wankers again.

    Like

  23. 60
    notareargunner says:

    English lessons. AILING- Illegal Afghani Legalisation of Integrating Nonce Groups. For free housing, medical, legal and professional assistance.
    Target practice on 14 year old anti Taliban Bangladeshi girls, 7.62 short supplied for illiterate ragheads…

    Like

  24. 62
    Michael Cawood says:

    Labour regards any money earned by anyone as its own money. What Labour would really like is to whack up taxes and then force people to borrow their own money back off the government.

    Like

    • 73
      kitler says:

      Would be nice to see that splashed over billboards come the next election. Problem is the Tories seem to want the same thing. I’m sure Cameron got a slap on the wrist from his bosses after he slipped out the truth about taxation and this is the last us proles will hear on the matter.

      Like

  25. 75
    Yes we Ken says:

    Miliband thinks like the members of the politburo in the old Soviet Union. He has all the money and if we’re really really good he’ll dish some of it out to who he thinks deserves it. IT’S OUR MONEY IN THE FIRST PLACE ED ! Cameron ain’t signing any cheques. Got it ? Good !

    Like

  26. 80
    Slightly Mutt says:

    Why does Ed want us to be a ‘One Asian’ country ?

    Like

  27. 81
    Lord Mooncrater says:

    When Brown was Chancellor he considered a change in the law whereby all income would be expropriated by the government and money would then be allocated according to what he thought the individual was entitled.

    Like

  28. 86
    keredybretsa says:

    Millimarx needs a quick lesson in economics and taxation.

    Like


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Left on Left says:

The lefties are attacking because the panellist is a millionaire and lives in a London home worth upwards of two million. Someone had best tell them he’s called Ed Miliband.


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