Is it just nostalgia that draws me to this article? Or my own sense of abandonment by the chattering class, political or otherwise?
Why dozens of interaction with Gold’s labile piece and not this one?
Profound observations we can all have but it takes skill to explore and elucidate them.
Thank you, Mr Embery.
Jem Barnett
2 years ago
Wonderful article, thank you Mr Embry.
I think what’s makes me saddest about this town’s story (which is one of many, all over the UK) is that no government has even grasped the issues, let alone tried to solve them.
From every party, no matter what colour ties they wear, we get only big state ‘handout’ culture and condescending paternalism in various forms. People don’t want handouts actually, they want a hand up. People want dignity, security, a means to earn a living, raise their kids in safe and stable communities, and enjoy a few years of retirement at the end of a lifetime of work, before they shuffle off this earth.
Big spending is not even needed, and actually I would argue that since the govt has shown itself to be so poor at resource allocation they should stay out of this and try not to do further damage. Right now the government could allow these deprived regions to cut taxes (particularly taxes on business, and on employment) and then just stand back and allow these places to rehab themselves with dignity and local control.
If these deprived areas were able to set a much lower local tax rate, or have a 10 year tax-holiday period perhaps, then businesses would immediately start moving into these areas, jobs would be created, local businesses would pop up to serve them, and communities could be rebuilt organically. I can’t see what we have to lose in trying this option?
I know people will say this is too expensive, but think about this — the areas we are talking about are producing b*gger all tax revenue for the exchequer at the moment because there’s no meaningful business activity, or wealth creation and circulation going on.
Stimulating some of these things via a significant tax cut/hiatus could actually bring about a net benefit, as economic activity would be created and not every tax would be abolished. The revenues to the exchequer from VAT alone could be massive if a deprived city really took off as a new centre for business. It could absolutely offset the loss of revenue from corporation taxes required to rev that engine up and get it going.
Is it just nostalgia that draws me to this article? Or my own sense of abandonment by the chattering class, political or otherwise?
Why dozens of interaction with Gold’s labile piece and not this one?
Profound observations we can all have but it takes skill to explore and elucidate them.
Thank you, Mr Embery.
Wonderful article, thank you Mr Embry.
I think what’s makes me saddest about this town’s story (which is one of many, all over the UK) is that no government has even grasped the issues, let alone tried to solve them.
From every party, no matter what colour ties they wear, we get only big state ‘handout’ culture and condescending paternalism in various forms. People don’t want handouts actually, they want a hand up. People want dignity, security, a means to earn a living, raise their kids in safe and stable communities, and enjoy a few years of retirement at the end of a lifetime of work, before they shuffle off this earth.
Big spending is not even needed, and actually I would argue that since the govt has shown itself to be so poor at resource allocation they should stay out of this and try not to do further damage. Right now the government could allow these deprived regions to cut taxes (particularly taxes on business, and on employment) and then just stand back and allow these places to rehab themselves with dignity and local control.
If these deprived areas were able to set a much lower local tax rate, or have a 10 year tax-holiday period perhaps, then businesses would immediately start moving into these areas, jobs would be created, local businesses would pop up to serve them, and communities could be rebuilt organically. I can’t see what we have to lose in trying this option?
I know people will say this is too expensive, but think about this — the areas we are talking about are producing b*gger all tax revenue for the exchequer at the moment because there’s no meaningful business activity, or wealth creation and circulation going on.
Stimulating some of these things via a significant tax cut/hiatus could actually bring about a net benefit, as economic activity would be created and not every tax would be abolished. The revenues to the exchequer from VAT alone could be massive if a deprived city really took off as a new centre for business. It could absolutely offset the loss of revenue from corporation taxes required to rev that engine up and get it going.