Jeebus, someone, please, get him an economics textbook!

Abolish NI over time and replace it with a progressive consumption tax charged on the flows through a person’s bank account (having allowed for transfers between related accounts). This is green taxation and it does not penalise jobs, which is the last thing we need to do as we head for automation. Tinkering with NIC is pointless. We need a financial transactions tax for a new era.

Consumption taxes and transactions taxes are conceptually different things.

Sheesh. Don’t forget he is employed by the British State to teach economics and I am not.

16 comments on “Jeebus, someone, please, get him an economics textbook!

  1. Hey! Islington technical college is not the British state – it is just 90+% funded by it (with some funding from the EU for a certain part-time lecturer).

  2. Time to withdraw charitable status from certain pretendy universities whose purpose is patently obviously not the advancement of education when ignorant cvnts like Murphy can be appointed professors.

    And they contribute to the Tax Gap identified by Murphy anyway.

  3. Wouldn’t this just lead to the wholesale take up of crypto-currencies outside of the control of the State? Indeed trade with gold coins etc?

  4. It’s worse Dennis. There is something out there called the progressive consumption tax. The major point of which is that it doesn’t tax capital nor savings. Exactly the very thing he wants to tax by taxing money movements.

  5. He thinks “progressive”, in the technical sense in regard to tax, is just a synonym for progress (forward comrade). The man has very little technical knowledge of economics. He is a fool.

  6. It’s worse Dennis. There is something out there called the progressive consumption tax. The major point of which is that it doesn’t tax capital nor savings. Exactly the very thing he wants to tax by taxing money movements.

    By God, that is worse.

  7. His completely shithouse bank transactions tax is back, like last night’s curry except much more dangerous.

  8. he’s a maniac if he thinks that the public would support the wholesale snooping on people’s bank accounts. Personally i think the idea gives him wood.

  9. Anyone told him that consumption taxes are, almost invariably, regressive?

    They need not be. If VAT was charged at 15% on everything except food and housing (i.e. rent), then it would be mildly progressive, since the poor spend proportionally more on food and rent.

  10. “(having allowed for transfers between related accounts)”

    Oh no! He’s learning! I pointed out how many times I would be taxed by him between my employer paying into my account, me paying from that into my joint account, and then from that into into my mortgage, ‘leccy, gas, water, etc.

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