Scots captains of industry join outcry over 'jobs tax'
Although you can't help but think his Tory loyalties are on parade given there's an election afoot.
Firstly, low interest rates encouraged speculation and has landed us all in debt; government and citizenry - thanks Gordon. By taxing industry and letting the finance sector get rich quick Gordon has finished the job started by the Tories of making other countries' companies more competative than Britain's and so manufacturing jobs have went overseas - thanks Gordon. The bail-outs for the banks and the money printing Gordon has indulged in has deepened the crisis Britain is in hugely. That is why he has a budget deficit.
The government should be trying to stimulate businesses and the economy, and that is how we are going to get out of this economic downturn.
In my view, we should not be taxing more, but cutting waste in the public sector now. I believe it is more than possible to cut backroom waste without hitting front-line services.
Deary me Jim, the problem was started because of government stimulating the economy. Those low interest rates remember? Then to make things worse the bail-outs and the money printing (quantative easing). When governments stimulate the economy you end up with the misallocation of capital and so you get bubbles. This means jobs are created which have no value to the economy and taxpayers and businesses have to pay for these bubbles meaning a loss to the rational, productive, valuable economy. The way to get out of the 'economic downturn' is for government to leave it alone and let the corrections take place. That way you save money and get into less debt. Do our 'captains of industry' really want to beg for some welfare hand-outs? Is this business or crony capitalism he's arguing for?
Sir Tom Hunter gets a little closer:
If businesses are going to lead the country out of recession they need to be allowed to expand and employ more people.
Another Sir Tom, Farmer says:
Increasing National Insurance costs will be a major factor which will make people wonder about their head counts.
Yeh? And what about the consumers Tom? They're broke thanks to debt; theirs and their governments. You're gonnie be laying people off and the real cause is low interest rates, bail-outs, money printing and in short crony capitalism. I hardly think a hike in national insurance compares to those sins.
Then in pipes Willie Haughey, of City Refrigeration:
None of us like paying extra taxes, but those who want to reverse the increase need to show where the money comes from.
A laudable attempt at being responsible. However anyone with half a brain has the answer: Stop giving taxpayers' money to the financial sector and then you won't have to tax jobs and industry.
Scottish Labour last night suggested that at least three of their critics – Sir Tom Farmer, Sir Tom Hunter and Jim McColl – were SNP supporters.
Isn't it admitting the obvious when you have to acknowledge that Scotland's top entrepreneurs are Scottish nationalists? It must really rankle. What a puerile gaggle Scottish Labour are.