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Comment by ugh | Hacker News Reader

Hell, yeah! And I’m happy about it. High taxes but a lot of bang for the buck.

well, taxes in germany are now going to be shipped overnight to greece, where they will be used to pay back german banks. I'm starting to feel kind of robbed, honestly

Actually, the money will end up getting rerouted to Deutsche Bank and other German banks. Germany has promoted consumption within the EU. It is the number 1 (or number 2) exporter in the world and most of its exports go to other EU countries. If Greece, Spain, Portugal, Ireland, England, etc. go down guess who suffers too. There is an imbalance in the system and it needs correcting or else Germany will suffer along with the rest of these countries.

I guess some action is needed. However, it was not so long ago that huge sums of money were spent throughout Europe to avoid a collapse, or so they told us, and here we are again opening our pockets, and greece may be only the first one in line. That kind of bothers me.

(and I'm not implying that german politicians are the only sane ones or something. They are probably so reticent because of fear of losing an election)

It would bother me too. My girlfriend is German and she's upset with the bailout. My point to her is that if the whole world were like Germans who would do the buying?

> And I’m happy about it. High taxes but a lot of bang for the buck.

Actually, the per-capita taxes in the EU are about the same as the per-capita taxes in the US. (That's dollars in taxes collected per person, not rates.)

There appear to be two differences - the per-capita GDP is much higher in the US (we have more money after taxes) and folks in the EU get better services for their money.

The latter suggests that giving the US govt more money isn't likely to be a good idea.

The biggest single reason for that is the amount of money that the US spends on their 'defense', it is much higher than European countries on a per-capita basis.

> The biggest single reason for that is the amount of money that the US spends on their 'defense', it is much higher than European countries on a per-capita basis.

The "about the same" numbers are federal spending only, of which about 15% is defense for the US. US state and local govts spend a bit less than the federal govt, but more than enough to swamp the defense numbers and push the per-capita tax burden in the US well over that of the typical EU country, where the "not national" govts don't spend nearly as much.

http://www.usgovernmentspending.com/

Note that there's some double-counting going on. Cities and states get a lot of money from the federal govt. That money is counted as both federal and state/local spending.

Not in the UK.

Pish, I don't mind the taxation in this country it's only typically Tory voters that complain and from the last elections that's only 37% of the country.

Please educate yourself. Nick Clegg has been calling for tax cuts for years. http://www.guardian.co.uk/politics/2008/sep/15/libdemconfere...

It's typically only Labour voters (who are either public sector workers or who pay minimal tax anyway) who are happy for other people to pay more tax.

There are tax cuts and then there are tax cuts. The ones that the Lib Dems are offering only really apply to the poorest within our society. The Lib Dems are only looking to cut tax on earnings UP TO 10k. Sure this helps everyone but it is much more likely that the tax burden would land on the higher earners if the Lib Dems were in power.

If you have followed UK election history you would be well aware that in last election the Lib Dems were pushing for a 50% band on higher earners (which Labour have since implemented?!?) and a local income tax to replace council tax.

The Tories on the other hand (in this election) are offering tax cuts for the middle and upper classes. They propose that inheritance tax band on estates should only start at 1 million. However the more important tax cut is around corporation tax where they propose (and my did this make me chuckle) to give a teeny saving to small businesses and a larger saving to big business. It's even more interesting that the way they phrase this (when talking to the public) is spun in such a way that doesn't reveal this interesting fact (about the saving for big businesses being bigger).

Nothing much has changed. Tories are still about tax cuts for the wealthy where Lib Dem and Labour look more at distributing wealth. Tbh ever since New Labour the Lib Dems have looked more left leaning than Labour.

Furthermore here are some choice quotes from the article you referenced:

"The Lib Dems' existing tax pledge to cut 4p off income tax would be funded by hitting the rich by taxing capital gains at the same rate as income tax and closing tax loopholes. There would also be green taxes."

"As Make it Happen says, if you are very rich you will pay more. If you are not rich you will pay less. This is a progressive liberal and distinctive message."

well, judging from what some UK politicians are saying, UK will soon be even less part of EU than it sort of is now.

Every single major political party in the UK has stated they will work with Europe.

David Cameron of the Tories stated there would be no _further_ "giving up powers to Brussels". The other two stated that they wanted to work with Europe.

This results in no change by my reckoning.

GBP 14Bn/year says that's not a bad thing... And another GBP 60Bn/year if we scrap the Barnett Formula. That'll right all our economic woes, and not cost the English taxpayer a penny more.

until the debt get too high...

It seems to me that lowering taxes while not lowering spending is a distinctly American thing. Lowering spending is loathed by Americans and Europeans alike, but that’s arguably less of a problem if you also don’t always demand lower taxes. (I’m of course generalizing here, please take all I said with a grain of salt.)

America is well known for its propensity toward low taxes and a small debt.

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