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megilleland

What's going to happen after Coronavirus?

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What's going to happen after Coronavirus

Where are we going when Coronavirus fades away and the government has run its course in keeping us at home.The sheer economic disaster coming and affecting everyone is already being discussed by some MPs. One remedy is to impose a one off wealth tax. The idea is that everyone – households and businesses, rich and poor – has to pay a sum equivalent to a chunk of their net assets. This would reverse taxation regimes across the world which tax income far more than the taxation of wealth.

Ed Conway, the economics editor at Sky News, writing in the Times, roughly calculates that a one-off 10 percent levy on all household net wealth in the UK would generate over £1 trillion ($1.24 trillion) of revenues. That would be enough to pay off all the costs of Covid-19. It would provide for the NHS for generations and reduce the national debt from wartime levels to something more like normality. 

The government reduction plans for local authority council funding on the basis that the shortfall can be made up with councils keeping the collection of business rates now looks a dead duck.

The desire to give us all an identity card accompanied with a vaccination certificate looks pretty certain. Get ready for all citizens to be given a free smartphone and be fined if not carried on one's person at all times to enable tracking at all times.

This quote says it all:

“The telephone was not his favorite object, and more than once he had considered getting rid of his. What he disliked most of all was its tyranny. Not only did it have the power to interrupt him against his will, but inevitably he would give in to its command.”
― Paul Auster, City of Glass

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This has been the worst economic issue in my lifetime, I think it will take years to get over this to be honest.

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Interesting interview with Dr David Starkey, a man who is normally looking back at history, but here giving his views on the present state of affairs.

 

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Yes he is talking sense but the trouble is Ragwert most people whose attention span is a nano-second wont give it a second glance. There too busy waiting for the next cat video. Maybe Vernon should consider having a feline on his lap as click bait.

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On 30/04/2020 at 12:02, megilleland said:

What's going to happen after Coronavirus

The desire to give us all an identity card accompanied with a vaccination certificate looks pretty certain. Get ready for all citizens to be given a free smartphone and be fined if not carried on one's person at all times to enable tracking at all times.

Its started:

Qatar has continued to make a Covid-19 tracing app mandatory even as the kingdom has relaxed its lockdown, and despite security loopholes that exposed the personal information of more than a million users. Being caught outside without a phone carrying the app is punishable by a fine of up to £43,000 or up to three years in jail.

In Hangzhou, a Chinese city of 10 million people, authorities announced last month that they would seek to expand their coronavirus app to gather more comprehensive health and personal data.

Under the proposal, an individual’s status would be colour-coded and scored out of 100 based on medical records as well as other lifestyle choices such as smoking, drinking alcohol, or hours slept.

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You would never see Quatars app being used in any other Country with all its serious flaws.
 It  also forces Android users to permit access to their picture and video galleries, while also allowing the app to make unprompted calls.

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Interesting video exploring the relationship of BLM, George Soros and Warren Buffet funding for ulterior motives.

 

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(extracted comment from The Slog)

How the UK built a track and trace through the back door of ‘personal government portals’

At present, in parts of the Middle East, people receive a time slot through their phone that lets them know they are allowed to go food shopping.

Think this would never happen in the UK?

At the outset of this manufactured crisis, the UK government has, by stealth, been signing millions of people up to ‘Personal government portals’. Once a person has done this, they are – by way of terms and conditions – electronically traceable forever.

First, this was done by stealth to the self-employed. If someone wanted to claim ‘self-employed income support’, they could not do so on paper or through an accountant.

They had to sign up to a UK government portal to get their free money.

Thus, at a stroke, about 5-6 million people signed up to one of these things. If you want your free money, that was the only way to get it. But once signed in, you cannot sign out.

What about everyone else?

Why, now the UK government is offer 500 of ‘voucher’ for every adult and ‘250’ voucher for every child to spend.

So how do they get the voucher?

You guessed it!

The UK government has, through its Nudge Unit, signed up millions of people to these personal portals, a stealth surveillance tool.

So if you think the UK would never look like parts of the Middle East, where you receive a message from the gubmint saying when you can and cannot leave your home, they now have the architecture to do exactly that.

This is all part of the Fourth Industrial Revolution (digital slavery).

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Important tax news for businesses and individuals:

HMRC Making Tax Digital to continue rollout in 2022

Financial secretary to the Treasury Jesse Norman said: “We are setting out our next steps on Making Tax Digital today, as we bring the UK’s tax system into the 21st century. Making Tax Digital will make it easier for businesses to keep on top of their tax affairs. But it also has huge potential to improve the productivity of our economy, and its resilience in times of crisis.” 

There are currently 1.4 million firms signed up to the MTD programme – a figure which the government said includes 30% of the sub-£85k-turnover businesses that have not yet been mandated to do so. A total of six million VAT returns have been filed digitally by these companies.

The programme will be extended to all businesses and then to individuals, government has announced

HM Revenue and Customs has unveiled plans for the completion of the rollout of the Making Tax Digital programme, with the scheme being incrementally extended from 2022.

As of the beginning of the 2020 fiscal year on 1 April 2019, firms with turnover in excess of the £85,000 threshold have been required to file their quarterly VAT returns via the digital platform.

From 1 April 2022, all VAT-registered companies must switch to Making Tax Digital, regardless of the value of their sales.

And, one year later, the programme will be extended to any individuals filing self-assessment income tax returns for annual business or property income in excess of £10,000.

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