Who was who said "The more I look at (something), the more I like my dogs" ? ........ but you're spot on though, him and his like are a waste of space, they're not progressives, they're regressive, they can only look to the past to try to rekindle the "Socialist Spark" that never quite took hold of the kindling enough to flourish ........ thank goodness! ....... and while typing that I let my sour cream dressing curdle, damn the Hard-Left and theit gruesome machinations.
'The brilliance of a large public sector, you grow the public sector and you get tax back from it!' I'm happy to offer a similar deal to Paul, for every £100 he pays me, I'll pay him £33! The brilliance of this offer is the more he pays me, the more he gets back!
If the private sector is not able to create well paying jobs the public sector has to hire more Every public sector worker gets paid less amount as compared to his private sector counterpart if the private sector was performing well nobody would work in public sector, and with low GDP growth there will be mass unemployment if public sector does not hire
Wowwww this person is an economist" The brilliance of a large public sector, you grow the public sector and you get tax back from it!' !!! Just Wowwww !!!!!
He was the Wally that was saying at one general election 'everybody understands that more borrowing for investment will lead to improved productivity which will then facilitate the repayments'.
He's a socialist, they want equality and their happy to level down to achieve it, as long as they still get their perks and to hell with people who take chances to invest their hard earned money, politics of grievance. It's going to be a real mess financially going forward.!
@@paultweedley2026 Strictly speaking it's equity they want, as opposed to equality - equal opportunity would only breed the equal outcomes they're desperate for if people were capable of equal performance (an obvious nonsense). It's lowest common denominator politics, designed for people who think they're intelligent but know in their gut that competition would not suit them.
I cannot believe a supposed economist, wants corporate tax raised.. that's every small/medium business. The engine of our economy who combined employ the most folk, he supports increasing an even bigger burden on struggling businesses. For growth less tax is the only route
What bit is stupid. The government would get back. The thing which is stupid, when the right talk about how expensive public sector pay rises are, it's always the gross figure, and not the net figure. The net figure being how much the excheqer gets back in tax and it's impact on gdp.
@@KevenHutchinson-gt1nn a very shallow impact as these people are not great in numbers, if nurses got a bumper pay rise then yes, it would start to have an effect.
It’s amazing to listen to Paul and how he seems to completely ignore or not understand on basic economics. I like listening to totally different and opposite perspectives as it makes me realise my own thoughts are pretty solid
Yep. The mytical factory owner exploring his uneducated workers When in reality MILLIONS are employed by the state MILLIONS are self employed MILLIONS work for themselves in a tiny company employing a handful mostly family members Also even those who do work for large companies many are paid very well. Eg bankers. Staff of google Facebook etc While I'm sure some employyes are abused it's not the 99% workers vs the 1% owners
Not to mention... There's only so much burden you can put on business without making it not profitable enough to be worth the time, risk and investment... And if employer burdens are increased to the point that future pay rises aren't possible then they simply won't happen... Which means real terms pay cuts as inflation runs away from earnings... And in order to be consistent, that's no different from calling it austerity when the Tories decrease the rate of public sector spending increase (as opposed to actually decreasing it in absolute numbers).
@@EnglishTMTB Even worse in that an increase in cost will bankrupt the marginal business. Allowing the remaining business to change a higher price to try and maintain their (often slim) net margins Majority of business aren't mega profitable like apple or Google. Most uk supermarkets operate on less than 5% net margins
He clearly has never ever run a business! This is nearly as funny as his “no far right here” video. Total clown. Why anyone would ask his opinion is beyond me.
Hybrid working people. Partly trading the labour of others, partly selling tgeir labour. A lot of business owners havr never built a business, rather their parents have.
Maybe you should blame the tories for giving us the highest national debt on record and millions of extra immigrants in the hundreds of thousands every year.
What Labor have become, is the ruling class, as per Engels and Marx doctrine. Labor voters are finding out, that their new ruling class are no different from the old ruling class. They serve themselves and their children. Once they, the new ruling class, are all full and bloated after swilling at the trough, the workers can scurry around and fight for the leftovers.
@@zoot4358 There haven't been any Tories since the mid 90s. Truss attempted Conservative policies but was kicked out by the Globalists (who fabricated the market crash). The Tories, as a party, have been captured. In part by purposeful take over or because they 're scared to be called the nasty party (even though they will be anyway). But the economy was far better under the Tories than it is now. Normally after a change of government it takes anything up to a few years for the economy to be affected by a new government's policies, but this government has already scared investment away along with our highest tax payers.
Paul Mason, communist dinosaur, graduated from the University of Sheffield[ with a degree in music and politics in 1981 and trained to be a music teacher at London University Institute of Education. His grasp on things that matter like science, technology, engineering and mathematics is close to non-existent, likewise economics.
As a business owner who works for / with other business owners, Paul’s comments are unbelievable. As if somehow business owners are not ‘workers’. Morons. Tell you what, private sector starts sacking people or not recruiting people due to a combination of ‘Worker’s Rights’ and Employers NI. How’s that for ‘Pro Growth’……
‘Workers’ to him (and the labour left) implies a ‘worker class’ who are constantly under the boot of an employer class. It’s all communist rhetoric dressed up with economic language. Life is nothing but class struggle to these people.
That clown just said a bigger public sector means more taxes raised. Is he nuts! The public sector makes nothing and no profit, jobs are paid for from the private sector and so the taxes they pay cannot be counted as they are paid from money they have not created. Cutting the pubic sector would save money, making it bigger does nothing for our debt problems. I'm surprised this went unchallenged.
It’s the surplus from economic production that “pays” for non market activity. So if a community produces surplus food then someone in that community does not need to be a farmer but can be a teacher etc
What public sector does not create nothing, it is the public sector because of which you are able to do your job and not have your money stolen, it is public sector NHS which treats people so that they can go and work and contribute to economy, without a proper NHS, police you would not be able to perform your best so a public sector does create economic growth
"You grow the public sector, and get tax back from it!". What brilliance, what nonsense! Government should be reducing the size of the public sector in the first place, starting with the number of MPs. There are far too many politicians and councillors throughout the UK. Reduce and restructure the whole mess. No wonder there is a black hole!
@@AndrewKNI genuine question do you not think the public services benefit business and employer? If you cut back on education and health services employers will not be able to recruit educated (even just literate with numeracy skills and able to think critically) or have healthy workers who aren’t having protracted absences waiting on medical treatment.
@@lialawild4366 Totally agree with your apotheosis. However, there are huge aspects within the public sector which do not provide any service to the public. That needs to be reduced through efficiencies. Half of the NHS are reported to be admin staff, how can that be? In the political arena we have far more politicians per head of the population than in America. In the USA there are 542 federal offices (covering 50 states and 346 million people), in the UK we have 650 plus the approx 800 in the house of lords for under 70 million. The cost is huge, that's where savings needs to be made. Reduce the size of the establishment and there's no need to "get tax back".
@@lialawild4366 cool fantasy, whilst the state is so big we've never been fatter and student haven't been worse entering the work place, I'm sure that sociology degree will be a great help
@@AndrewKNI Does the size and scope of state authorities not offset that difference? Agree there is a lot of public service aspects that could go in the bin (we don't need DEI directors paid to organise training on made up genders and enforcing pronouns and destroying the safety and dignity of female staff and service users for a start or to be paying billions for illegal migrants). However the cuts keep impacting on front line staff and already difficult jobs are made harder by short staffing and extra worker and the vicious cycle of that causing more staff to leave, causing higher work loads and on and on. Perhaps some elements need to be ringfenced so that you can't cut frontline staff in order to save money.
@@lialawild4366 Great points. I'm sure that real change would be extremely difficult in reality. I doubt if any country has actually reduced its running costs and lived within its taxation system successfully. The saying "if it was easy, any fool could do it" springs to mind. Probably explains why politicians would sooner increase bureaucracy than reduce it (much easier). So let's introduce more managers to manage the managers' managers! 😆😆😆
Let’s be clear, there is no such thing as employer NI. The only people who can pay tax are individuals. Whether you take it from their pay check or their employer’s balance sheet, the worker is paying.
If you raise employer's contributions to NI, the cost of labour goes up and the demand goes down. If demand for labour falls, the price of labour will fall accordingly. So yes, inevitably, if you make employees more expensive for employers without raising their wages or making them more productive, their real term wages will fall, because their value relative to their cost will fall. Crapping on about a communist struggle does not change that.
The public does care. We are withdrawing our labour through a variety.of.tactics - worklessness, early retiremebt, leaving the country, etc. Amazingly incentives matter and that includes the moral compass of politicians.and the sense.of "we're all in this together". Manifesto lies are not acceptable, nor is £107k of free gear. .
You had the pick of the entire universe to discuss the budget with, and you pick Paul Mason?! I'm sorry but the Spectator has been relegated to the same status as the Beano in my eyes now.
I am getting increasingly fed up with all this talk of the OBR. An unelected, non accountable bunch of civil servants in the Treasury seems to have more influence over Budgetary matters than the elected government. How can this be justified? The Civil Service is there to help the elected government implement its programmes not exercise some kind of veto over the actions of the democratically elected government.
If I understand Mason correctly, the borrowing we did in the past is holding us back because of the huge cost of debt servicing and the answer is to borrow even more quickly than we are already by fiddling with the rules. That and "class war" is what he thinks we need. But the Labour Party is the party of public sector workers these days isn't it? Fortunately it's given up on class war.
It is just sooo clear that Paul and his mates at the Labour Party are purely ideologically driven… He reminds me of myself when i was defending socialist ideas when i was 20 years old at the university….
Investment? Leave the Private sector to invest. It's what they do. If they don't get it right they go bankrupt, the ones who are still trading are the ones who have got it right before. So don't raise taxes, of any kind. We are already at the highest tax rate since WW2., and lets not even talk about taxes on North Sea Oil companies. Reduce taxes as soon as possible. Reduce government spending, reduce welfare spending, increase public sector productivity, and sickness levels, let private sector comnpanies make more investment , make more profits, employ people and pay more taxes.
Labour need to please the WEF and ESG plan...build small nuclear plants, Bitcoin mining to load balance ESG renewables into the grid, allow people to feed the grid with home solar for bitcoin.
The UK economy already suffers from sluggish growth. Raising taxes isnt going to help. Who will be excited to open up or expand businesses in the UK with its tax policy.
NI on employers is simply passed on as higher prices If Tesco has to pay higehr NI and so do all the other supermarkets the only way to respond is to increase prices
By far the greatest tax avoidance in the UK is trusts which enables inheritance tax to be avoided. This has been going on for centuries and has caused the great divide in our country. There is also the ability to hide wealth in tax havens and yet still be a citizen of the UK. This is why Britain is called ‘Treasure Island’ and why it is so divided. Will the Labour Government fix this divide between the haves and have nots? I doubt it.
Well, that was illuminating in many ways and on many fronts. You don't, can't and never will get growth from the public sector, even without the inbuilt inefficencies and the usually mis-placed central direction, the public sector doesn't create anything, it's parasitical and relies on the productive sector of the economy to provide the funds it needs. But the biggest and best was the acknowledgement that "Labour doesn't care" .... with an overwhelming Parliamentary majority they can pay no heed to anyone else, their own client groups excepted ....... welcome to a dark future (and not just economically).
No growth economy is an uncomfortable reality for indebted government, denial is not helpful, the consequence is liquidation of personal savings and pensions. Time to choose people over the banking interests.
One of the worse legacies is the state of Justice, where the rich and influential no longer just have great Lawyers they have PR teams. The poor and middle class, go straight to the courts.
Housing and rail. Never thought I’d see myself in full throated support of Mr Mason, but I’ve never heard anything more correct. Milton Keynes is known as the roundabout city. Why don’t we make a Railway city?
At one point he practically said I don't care if taxes go up for working people.....ugh Labour always show their true colours when they get in power. Contempt for the average person
If you are running a local authority or a hospital and you only get a 1% budget increase but a significant part of your costs goes up by 2% then you have to make savings. This can only come through cuts in services, which will mean redundancies.
8:40 ish profit pays pensions to hard working pensioners , providing child care and food banks, they cannot strike. Is this hubristic trot going to direct his class struggle towards the hard work of pensioners, driving these kulaks into an earlier oblivion along with the UK economy. Absolutely extraordinary how labour takes so little time to unravel as the dictators of the proletariat emerge to preen their socialist purity.
We've had 5 to 6 years of the most ridiculous Palace Politics between an outrageous set of different people. As such outline issues have been funded, such as solar power in Scotland or hydro electricity in East Anglia. Both are technically marginal to say the least, yet fashionable advocates. At the same time coal, steel and oil processes have been blocked, as these are 3D jobs. Given that economic spending, separate of income earnings, you want the Labour party to solve the problems instantly. Yeah, that's as foolish as mass solar power in Scotland.
Might as well not have inheritance tax because that is the one tax that is so easily avoided through trusts and tax havens and let’s face it this avoidance has been going on for centuries and has caused the great divide in wealth in the UK.
IT is appalling and so unfair. Why should people pay tax on money which has already been taxed for example income tax. Only the very 0:01 rich should pay inheritance tax. See Reform's manifesto. I will have to pay at least £120 000 when My mother dies. Totally wrong.
@@lilyjames8354 I would see a solicitor on that one. Apparently there are trust laws where inheritance tax can be avoided, but I am not sure about it, and no doubt my children will have to suffer inheritance tax when we pass. But it is a dogs dinner for sure and very unfair.
this budget will break the labour party and the worst thing labour did was to increase the train drivers pay and take away winter fuel payments to the vunrable i can see an early election.
More money for defence... Yeah lets throw 100k per missile on 100 missiles. Defence should be 2 percent of GDP at a minimum. Lets spend fixing roads, apprenticeships, capital investment to increase productivity, housing, energy, and climate amoung others. Freezing thresholds for income tax is technically a direct tax for the employed. Wealth tax on wealth over 3 million net assets at around 2 percent. Workers are already heavily taxed. Direct taxes NI and Income and combine that to VAT. Highest tax rate since early post war.
Sounds fabulous....everyone in the private sector can give up their jobs tomorrow and the public sector will take up the tax paying slack....the UK will be minted.
The thing about right-leaning outlets feeling like they need to have left wing nutters like Mason or John McTiernan around to give them a "Labour" perspective is so nauseating. It's completely redundant - every outlet by default already spews this. We know already what their perspective is, it has seeped into everything.
'Employers are not working class' really, tell that to a plumber employing a couple guys and a lad with a couple of transmit vans. He is just a vacuous motor mouth.
Labour have committed to nearly a hundred billion in spending since they took power ….. but still talking about the last governments 22 billion black hole? So I’m no maths genius but we have a black hole of 22 but we can spend 100 billion 😂
Did Paul Mason refer to himself as an economist? He has a degree in music tech and has never held any position or job in anything related to business or economics. Being left wing really is an act of narcissism
This chap is a good advert for reducing staffing levels and investing in automation
Who was who said "The more I look at (something), the more I like my dogs" ?
........ but you're spot on though, him and his like are a waste of space, they're not progressives, they're regressive, they can only look to the past to try to rekindle the "Socialist Spark" that never quite took hold of the kindling enough to flourish ........ thank goodness!
....... and while typing that I let my sour cream dressing curdle, damn the Hard-Left and theit gruesome machinations.
'The brilliance of a large public sector, you grow the public sector and you get tax back from it!' I'm happy to offer a similar deal to Paul, for every £100 he pays me, I'll pay him £33! The brilliance of this offer is the more he pays me, the more he gets back!
@@andys1333 I am so glad others picked up on this. I had a ‘hold on, what did you just say……!?!’ Moment
Mason is a nincompoop.
If the private sector is not able to create well paying jobs the public sector has to hire more
Every public sector worker gets paid less amount as compared to his private sector counterpart if the private sector was performing well nobody would work in public sector, and with low GDP growth there will be mass unemployment if public sector does not hire
Wowwww this person is an economist" The brilliance of a large public sector, you grow the public sector and you get tax back from it!' !!! Just Wowwww !!!!!
@@Arpit89whoosh
This guy is economically illiterate. I would place a large wager that he has never created value in his life.
He was the Wally that was saying at one general election 'everybody understands that more borrowing for investment will lead to improved productivity which will then facilitate the repayments'.
He appears to be wearing a PJ top in a box bed-room. Did Kate wake him up?
@@Pastaface Just found out that he started life as a music teacher, not really an economist.
He sees an industrial revolution based on solar power in the sunny UK
As someone who is midway through a masters. I have met him twice, and I can say he is hugely knowledgeable on the subject.
This guy is a quasi religious socialist.. his answers make no sense to me.. defend, defend, obfuscate obfuscate..
I can't watch anymore of this. What is the man on!?
He's a socialist, they want equality and their happy to level down to achieve it, as long as they still get their perks and to hell with people who take chances to invest their hard earned money, politics of grievance. It's going to be a real mess financially going forward.!
@@paultweedley2026
Strictly speaking it's equity they want, as opposed to equality - equal opportunity would only breed the equal outcomes they're desperate for if people were capable of equal performance (an obvious nonsense).
It's lowest common denominator politics, designed for people who think they're intelligent but know in their gut that competition would not suit them.
He's on every left-leaning news outlet there is: confirmation bias personified.
Paul mason isn't a nerd, he's a dunce
I cannot believe a supposed economist, wants corporate tax raised.. that's every small/medium business. The engine of our economy who combined employ the most folk, he supports increasing an even bigger burden on struggling businesses. For growth less tax is the only route
@@irenecoulson3079 thankfully you can have a lot of expenses as a small business, cash in hand helps, I pay all trades in cash
He appears unhinged. I bet he has never created value for a private institution.
"You get tax back from the public sector" - the stupidest thing I've heard about the budget.
What i think is meant is that if you spend 10 billion on giving doctors a pay rice, you will get 4.5 billion back in tax and then of course VAT etc
I thought same jaaguitar
What bit is stupid. The government would get back. The thing which is stupid, when the right talk about how expensive public sector pay rises are, it's always the gross figure, and not the net figure. The net figure being how much the excheqer gets back in tax and it's impact on gdp.
@@KevenHutchinson-gt1nn a very shallow impact as these people are not great in numbers, if nurses got a bumper pay rise then yes, it would start to have an effect.
@ep1929 You have commented but not read what I said. Please read.
It’s amazing to listen to Paul and how he seems to completely ignore or not understand on basic economics. I like listening to totally different and opposite perspectives as it makes me realise my own thoughts are pretty solid
I switched off when he mentioned 'class struggle'. Its terminology stuck in the 1970s. Bosses are also workers, workers can also be bosses.
Yep. The mytical factory owner exploring his uneducated workers
When in reality
MILLIONS are employed by the state
MILLIONS are self employed
MILLIONS work for themselves in a tiny company employing a handful mostly family members
Also even those who do work for large companies many are paid very well. Eg bankers. Staff of google Facebook etc
While I'm sure some employyes are abused it's not the 99% workers vs the 1% owners
Not to mention... There's only so much burden you can put on business without making it not profitable enough to be worth the time, risk and investment...
And if employer burdens are increased to the point that future pay rises aren't possible then they simply won't happen...
Which means real terms pay cuts as inflation runs away from earnings... And in order to be consistent, that's no different from calling it austerity when the Tories decrease the rate of public sector spending increase (as opposed to actually decreasing it in absolute numbers).
@@EnglishTMTB Even worse in that an increase in cost will bankrupt the marginal business. Allowing the remaining business to change a higher price to try and maintain their (often slim) net margins
Majority of business aren't mega profitable like apple or Google. Most uk supermarkets operate on less than 5% net margins
This is the point I've been making about Starmer's government with its obvious class war footing.
What an idiot to say that employers are not working people…let me guess, he has never built up his own business and employed people.
No, he'll put himself in the journalist category, talks about work, writes about work, thinks he knows about work....economic nerd he isn't.
He clearly has never ever run a business! This is nearly as funny as his “no far right here” video.
Total clown. Why anyone would ask his opinion is beyond me.
Hybrid working people. Partly trading the labour of others, partly selling tgeir labour.
A lot of business owners havr never built a business, rather their parents have.
Why does labour make me feel like a second class citizens in my own country, why do they increase the tax burden on people like to pay for foreigners
@@pads-zr9ln Why do you think? Isn’t it obvious?
Maybe you should blame the tories for giving us the highest national debt on record and millions of extra immigrants in the hundreds of thousands every year.
What Labor have become, is the ruling class, as per Engels and Marx doctrine. Labor voters are finding out, that their new ruling class are no different from the old ruling class. They serve themselves and their children. Once they, the new ruling class, are all full and bloated after swilling at the trough, the workers can scurry around and fight for the leftovers.
Not an excuse for Labour but didn't the Tories do the same ?
@@zoot4358 There haven't been any Tories since the mid 90s.
Truss attempted Conservative policies but was kicked out by the Globalists (who fabricated the market crash).
The Tories, as a party, have been captured. In part by purposeful take over or because they 're scared to be called the nasty party (even though they will be anyway).
But the economy was far better under the Tories than it is now. Normally after a change of government it takes anything up to a few years for the economy to be affected by a new government's policies, but this government has already scared investment away along with our highest tax payers.
" i don't care", that just about sums these people up.
Paul Mason, communist dinosaur, graduated from the University of Sheffield[ with a degree in music and politics in 1981 and trained to be a music teacher at London University Institute of Education. His grasp on things that matter like science, technology, engineering and mathematics is close to non-existent, likewise economics.
This man is insane - and if this is what Reeves is listening to then investment will not come.
As a business owner who works for / with other business owners, Paul’s comments are unbelievable. As if somehow business owners are not ‘workers’. Morons. Tell you what, private sector starts sacking people or not recruiting people due to a combination of ‘Worker’s Rights’ and Employers NI. How’s that for ‘Pro Growth’……
‘Workers’ to him (and the labour left) implies a ‘worker class’ who are constantly under the boot of an employer class. It’s all communist rhetoric dressed up with economic language. Life is nothing but class struggle to these people.
Paul Mason lives in another reality
That clown just said a bigger public sector means more taxes raised. Is he nuts! The public sector makes nothing and no profit, jobs are paid for from the private sector and so the taxes they pay cannot be counted as they are paid from money they have not created.
Cutting the pubic sector would save money, making it bigger does nothing for our debt problems. I'm surprised this went unchallenged.
It’s the surplus from economic production that “pays” for non market activity. So if a community produces surplus food then someone in that community does not need to be a farmer but can be a teacher etc
What public sector does not create nothing, it is the public sector because of which you are able to do your job and not have your money stolen, it is public sector NHS which treats people so that they can go and work and contribute to economy, without a proper NHS, police you would not be able to perform your best so a public sector does create economic growth
Good luck when you need healthcare then !!!
"You grow the public sector, and get tax back from it!". What brilliance, what nonsense! Government should be reducing the size of the public sector in the first place, starting with the number of MPs. There are far too many politicians and councillors throughout the UK. Reduce and restructure the whole mess. No wonder there is a black hole!
@@AndrewKNI genuine question do you not think the public services benefit business and employer? If you cut back on education and health services employers will not be able to recruit educated (even just literate with numeracy skills and able to think critically) or have healthy workers who aren’t having protracted absences waiting on medical treatment.
@@lialawild4366 Totally agree with your apotheosis. However, there are huge aspects within the public sector which do not provide any service to the public. That needs to be reduced through efficiencies. Half of the NHS are reported to be admin staff, how can that be? In the political arena we have far more politicians per head of the population than in America. In the USA there are 542 federal offices (covering 50 states and 346 million people), in the UK we have 650 plus the approx 800 in the house of lords for under 70 million. The cost is huge, that's where savings needs to be made. Reduce the size of the establishment and there's no need to "get tax back".
@@lialawild4366 cool fantasy, whilst the state is so big we've never been fatter and student haven't been worse entering the work place, I'm sure that sociology degree will be a great help
@@AndrewKNI Does the size and scope of state authorities not offset that difference? Agree there is a lot of public service aspects that could go in the bin (we don't need DEI directors paid to organise training on made up genders and enforcing pronouns and destroying the safety and dignity of female staff and service users for a start or to be paying billions for illegal migrants).
However the cuts keep impacting on front line staff and already difficult jobs are made harder by short staffing and extra worker and the vicious cycle of that causing more staff to leave, causing higher work loads and on and on. Perhaps some elements need to be ringfenced so that you can't cut frontline staff in order to save money.
@@lialawild4366 Great points. I'm sure that real change would be extremely difficult in reality. I doubt if any country has actually reduced its running costs and lived within its taxation system successfully. The saying "if it was easy, any fool could do it" springs to mind. Probably explains why politicians would sooner increase bureaucracy than reduce it (much easier). So let's introduce more managers to manage the managers' managers! 😆😆😆
Let’s be clear, there is no such thing as employer NI. The only people who can pay tax are individuals. Whether you take it from their pay check or their employer’s balance sheet, the worker is paying.
Why can't we have an economist that isn't an activist.
I am so pleased it was not just I who picked up on the “Brilliance of a large public sector …………………..”
Back to the 70’s, look how well that ended.
How is “I don’t care” when asked about tax raises a valid answer?
This tosser was on the editorial staff of BBC Newsnight. The unbiased BBC 😂😂😂
His words, "I don't care" sum up the Achilles tendon of this Labour government and why the wheels will inexorably fall off.
Wow! Please tell me this guy isn’t advising the government about how to spend my hard-earned tax 😢
I’ve always found Paul entertaining to watch, but I’d sooner take economic advice from my neighbour’s cat.
Absolutely astonishing that this man sells himself as an economist
If you raise employer's contributions to NI, the cost of labour goes up and the demand goes down. If demand for labour falls, the price of labour will fall accordingly. So yes, inevitably, if you make employees more expensive for employers without raising their wages or making them more productive, their real term wages will fall, because their value relative to their cost will fall.
Crapping on about a communist struggle does not change that.
Your're assuming that any company passes increased profits on to employees . They don't.
@@garyh1572 No, my point makes no such assumption.
@@notalefty999 Well that is exactly the problem then , isn't it .
This bloke actually believes this, bless him.
The public sector is lazy, needy and unaffordable Paul, wakey wakey son!!
The public does care. We are withdrawing our labour through a variety.of.tactics - worklessness, early retiremebt, leaving the country, etc. Amazingly incentives matter and that includes the moral compass of politicians.and the sense.of "we're all in this together". Manifesto lies are not acceptable, nor is £107k of free gear. .
Like bad preachers...politicians don't practice what they preach, to get elected.
You get tax back if you have a large public sector 😂
Beats me why would anyone start a new business in the UK, other than processing immigrants.
You had the pick of the entire universe to discuss the budget with, and you pick Paul Mason?! I'm sorry but the Spectator has been relegated to the same status as the Beano in my eyes now.
Perhaps she’s giving herself and ourselves to challenge the alternative view rather than to simply parrot our own?
@@stevelangridge1755Or maybe she’s giving leftists the opportunity to show what an unmitigated disaster they are about to create.
Every redundancy from now should have a note attached to it - “ due to the government rise in NI making your job too expensive to maintain “
This guy is displaying the student level politics
If Paul is the sort of advisor that the Labour Party is surrounding themselves with, this is going to end very badly.
It's like argueing with your pissed mate against the bar. Utter nonsense.
I;m 1 minute in and can't stand this guy already
Dreadful man, poor interview.
I wouldn't count on 5 years in power if this is the level of performance...
I am getting increasingly fed up with all this talk of the OBR. An unelected, non accountable bunch of civil servants in the Treasury seems to have more influence over Budgetary matters than the elected government. How can this be justified? The Civil Service is there to help the elected government implement its programmes not exercise some kind of veto over the actions of the democratically elected government.
It might help if they stop a million people a year from entering the country to claim a free mobile phone and benefits in a 4 star hotel
@@keithvers569 say yay to that!
If I understand Mason correctly, the borrowing we did in the past is holding us back because of the huge cost of debt servicing and the answer is to borrow even more quickly than we are already by fiddling with the rules. That and "class war" is what he thinks we need. But the Labour Party is the party of public sector workers these days isn't it? Fortunately it's given up on class war.
It is just sooo clear that Paul and his mates at the Labour Party are purely ideologically driven…
He reminds me of myself when i was defending socialist ideas when i was 20 years old at the university….
Investment? Leave the Private sector to invest. It's what they do. If they don't get it right they go bankrupt, the ones who are still trading are the ones who have got it right before. So don't raise taxes, of any kind. We are already at the highest tax rate since WW2., and lets not even talk about taxes on North Sea Oil companies. Reduce taxes as soon as possible. Reduce government spending, reduce welfare spending, increase public sector productivity, and sickness levels, let private sector comnpanies make more investment , make more profits, employ people and pay more taxes.
good grief that was dire.
Why does Kate dignify someone like this with an interview?
Righteous elitist arrogance.
This man is deluded the majority of the public can see through all this rubbish.
Labour need to please the WEF and ESG plan...build small nuclear plants, Bitcoin mining to load balance ESG renewables into the grid, allow people to feed the grid with home solar for bitcoin.
Rachel has no idea what she is doing as she has no idea about finances
The working and middle classes will feel the pain. As always.
To all those who voted for these clowns, you reap what you sow. Reform is the only way out of this nightmare.
The UK economy already suffers from sluggish growth. Raising taxes isnt going to help. Who will be excited to open up or expand businesses in the UK with its tax policy.
NI on employers is simply passed on as higher prices
If Tesco has to pay higehr NI and so do all the other supermarkets the only way to respond is to increase prices
Paul expresses clearly, what many on the left obfuscate when talking publicly. I appreciate the clarity and the discussion.
Watching a labour government being elected is like watching a dog eat its own vomit. You watch in disbelief and wonder why.
By far the greatest tax avoidance in the UK is trusts which enables inheritance tax to be avoided.
This has been going on for centuries and has caused the great divide in our country.
There is also the ability to hide wealth in tax havens and yet still be a citizen of the UK.
This is why Britain is called ‘Treasure Island’ and why it is so divided.
Will the Labour Government fix this divide between the haves and have nots?
I doubt it.
Well, that was illuminating in many ways and on many fronts.
You don't, can't and never will get growth from the public sector, even without the inbuilt inefficencies and the usually mis-placed central direction, the public sector doesn't create anything, it's parasitical and relies on the productive sector of the economy to provide the funds it needs. But the biggest and best was the acknowledgement that "Labour doesn't care" .... with an overwhelming Parliamentary majority they can pay no heed to anyone else, their own client groups excepted ....... welcome to a dark future (and not just economically).
No growth economy is an uncomfortable reality for indebted government, denial is not helpful, the consequence is liquidation of personal savings and pensions. Time to choose people over the banking interests.
One of the worse legacies is the state of Justice, where the rich and influential no longer just have great Lawyers they have PR teams. The poor and middle class, go straight to the courts.
I'm really confussed, he was part of Momentum. Yet he's saying Labour should stick to their borrowing rules and massively increase defense spending
Housing and rail. Never thought I’d see myself in full throated support of Mr Mason, but I’ve never heard anything more correct. Milton Keynes is known as the roundabout city. Why don’t we make a Railway city?
Justin Kruger and David Dunning want their test subject back.
At one point he practically said I don't care if taxes go up for working people.....ugh Labour always show their true colours when they get in power. Contempt for the average person
If you are running a local authority or a hospital and you only get a 1% budget increase but a significant part of your costs goes up by 2% then you have to make savings. This can only come through cuts in services, which will mean redundancies.
Lots of words summed up by one word. Inflation.
**** around, and find out.
UK and the Labour Party over the next 5 years will find out alright. Will be a different country by that time.
Government borrowing is taxation without representation, as it is presumed it will be paid back by people too young to vote.
Down vote
8:40 ish profit pays pensions to hard working pensioners , providing child care and food banks, they cannot strike. Is this hubristic trot going to direct his class struggle towards the hard work of pensioners, driving these kulaks into an earlier oblivion along with the UK economy. Absolutely extraordinary how labour takes so little time to unravel as the dictators of the proletariat emerge to preen their socialist purity.
I'm ok with public sector spending as long as it is spent effectively and it is spent on UK companies.
The question should be "who can take the pain"
We've had 5 to 6 years of the most ridiculous Palace Politics between an outrageous set of different people. As such outline issues have been funded, such as solar power in Scotland or hydro electricity in East Anglia. Both are technically marginal to say the least, yet fashionable advocates. At the same time coal, steel and oil processes have been blocked, as these are 3D jobs.
Given that economic spending, separate of income earnings, you want the Labour party to solve the problems instantly. Yeah, that's as foolish as mass solar power in Scotland.
Might as well not have inheritance tax because that is the one tax that is so easily avoided through trusts and tax havens and let’s face it this avoidance has been going on for centuries and has caused the great divide in wealth in the UK.
IT is appalling and so unfair. Why should people pay tax on money which has already been taxed for example income tax. Only the very 0:01 rich should pay inheritance tax. See Reform's manifesto. I will have to pay at least £120 000 when My mother dies. Totally wrong.
@@lilyjames8354
I would see a solicitor on that one.
Apparently there are trust laws where inheritance tax can be avoided, but I am not sure about it, and no doubt my children will have to suffer inheritance tax when we pass.
But it is a dogs dinner for sure and very unfair.
This fella has his head in the clouds if he thinks employer NI rises won't cause a squeeze and shrinkage that impacts workers.
What an idiot.
this budget will break the labour party and the worst thing labour did was to increase the train drivers pay and take away winter fuel payments to the vunrable i can see an early election.
Don't watch anything with Paul Mason. Good Lord can't you find decent guests ?
Quite frankly with Kate Andrews and Paul Mason you have two extremes represented. Untempered both ideologies are harmful.
Kate Andrews voted for Joe Biden.
Farmers are doomed.😢
I am guessing that Paul Mason's brother is called Baldrick.
labour budget? 🥶
Oxymoron? Liebour omnishambles? Any advance?
Has anyone considered how raising Employer NI affects schools and hospitals etc?
More money for defence... Yeah lets throw 100k per missile on 100 missiles. Defence should be 2 percent of GDP at a minimum. Lets spend fixing roads, apprenticeships, capital investment to increase productivity, housing, energy, and climate amoung others. Freezing thresholds for income tax is technically a direct tax for the employed. Wealth tax on wealth over 3 million net assets at around 2 percent. Workers are already heavily taxed. Direct taxes NI and Income and combine that to VAT. Highest tax rate since early post war.
Sounds fabulous....everyone in the private sector can give up their jobs tomorrow and the public sector will take up the tax paying slack....the UK will be minted.
'That's a matter for the class struggle' ... Dear me...
Paul Mason?! Do me a favour. He’d be happier living in Russia. Or would he?
Great, thank you 👍👍👍👍😀
The new editor is working out well then...
7:00 Wow. Just wow. This is a monumentally ignorant statement.
“We in the economics profession…”😂
The thing about right-leaning outlets feeling like they need to have left wing nutters like Mason or John McTiernan around to give them a "Labour" perspective is so nauseating. It's completely redundant - every outlet by default already spews this. We know already what their perspective is, it has seeped into everything.
Solar Power revolution above 51° North?
Workers protect there wages against mass migration?
This winter I am forced to play Freddie Starmer's Heating or Eating Games - the region with the most dead pensioners wins.
'Employers are not working class' really, tell that to a plumber employing a couple guys and a lad with a couple of transmit vans. He is just a vacuous motor mouth.
Labour have committed to nearly a hundred billion in spending since they took power ….. but still talking about the last governments 22 billion black hole? So I’m no maths genius but we have a black hole of 22 but we can spend 100 billion 😂
Did Paul Mason refer to himself as an economist?
He has a degree in music tech and has never held any position or job in anything related to business or economics.
Being left wing really is an act of narcissism
Good man.big thing for defence, we are awaiting your resu”ntss