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oldmanxfella

Feeding off UK income certainly isn't a new thing

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The more you read about the history of the IOM the more you're convinced that we have never had any successful economic strategy that existed outside of feeding off UK money. One hundred years later and the same could be said about the VAT agreement

 

"Chairman Tom Lord says by the end of the war, the Island was receiving more money through war pensions than in taxation"

 

http://www.manxradio.com/news/isle-of-man-news/war-pensions-exceeded-islands-gdp/

Edited by oldmanxfella

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The more you read about the history of the IOM the more you're convinced that we have never had any successful economic strategy that existed outside of feeding off UK money. One hundred years later and the same could be said about the VAT agreement

 

"Chairman Tom Lord says by the end of the war, the Island was receiving more money through war pensions than in taxation"

 

http://www.manxradio.com/news/isle-of-man-news/war-pensions-exceeded-islands-gdp/

 

Completely different though.

This money was not income for the Isle of Man and it's people , it was purely just payment of indebtedness to Manx folk ( from the British Gov. ) who fought and were injured or died in the FWW.

A bit different to the vat cheque.

Edited by dilligaf

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The more you read about the history of the IOM the more you're convinced that we have never had any successful economic strategy that existed outside of feeding off UK money. One hundred years later and the same could be said about the VAT agreement

"Chairman Tom Lord says by the end of the war, the Island was receiving more money through war pensions than in taxation"http://www.manxradio.com/news/isle-of-man-news/war-pensions-exceeded-islands-gdp/

 

Completely different though.

This money was not income for the Isle of Man and it's people , it was purely just payment of indebtedness to Manx folk ( from the British Gov. ) who fought and were injured or died in the FWW.

A bit different to the vat cheque.

Not really a subsidy is a subsidy it gave people income that IOMG didn't have to pay for. Same as duty running and all the other scams, ending in the latter VAT scam. We've never had a stand alone financial plan in about 500 years.

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The more you read about the history of the IOM the more you're convinced that we have never had any successful economic strategy that existed outside of feeding off UK money. One hundred years later and the same could be said about the VAT agreement

"Chairman Tom Lord says by the end of the war, the Island was receiving more money through war pensions than in taxation"http://www.manxradio.com/news/isle-of-man-news/war-pensions-exceeded-islands-gdp/

Completely different though.

This money was not income for the Isle of Man and it's people , it was purely just payment of indebtedness to Manx folk ( from the British Gov. ) who fought and were injured or died in the FWW.

A bit different to the vat cheque.

Not really a subsidy is a subsidy it gave people income that IOMG didn't have to pay for. Same as duty running and all the other scams, ending in the latter VAT scam. We've never had a stand alone financial plan in about 500 years.

 

I've never seen them as scams, but we all differ in our opinions, don't we?

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The more you read about the history of the IOM the more you're convinced that we have never had any successful economic strategy that existed outside of feeding off UK money. One hundred years later and the same could be said about the VAT agreement

"Chairman Tom Lord says by the end of the war, the Island was receiving more money through war pensions than in taxation"http://www.manxradio.com/news/isle-of-man-news/war-pensions-exceeded-islands-gdp/

 

Completely different though.

This money was not income for the Isle of Man and it's people , it was purely just payment of indebtedness to Manx folk ( from the British Gov. ) who fought and were injured or died in the FWW.

A bit different to the vat cheque.

Not really a subsidy is a subsidy it gave people income that IOMG didn't have to pay for. Same as duty running and all the other scams, ending in the latter VAT scam. We've never had a stand alone financial plan in about 500 years.

I've never seen them as scams, but we all differ in our opinions, don't we?

Do we? For a proud Manx nation we seem to have had to rely on a lot of UK money over the last 500 years just to get by. Whether that's by agreement or by circumventing duty laws, leveraging tax laws, or manipulating VAT agreements etc. It appears to be the only way we've ever received any degree of financial windfall or economic strategy.

Edited by oldmanxfella
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The more you read about the history of the IOM the more you're convinced that we have never had any successful economic strategy that existed outside of feeding off UK money. One hundred years later and the same could be said about the VAT agreement

"Chairman Tom Lord says by the end of the war, the Island was receiving more money through war pensions than in taxation"http://www.manxradio.com/news/isle-of-man-news/war-pensions-exceeded-islands-gdp/

Completely different though.

This money was not income for the Isle of Man and it's people , it was purely just payment of indebtedness to Manx folk ( from the British Gov. ) who fought and were injured or died in the FWW.

A bit different to the vat cheque.

Not really a subsidy is a subsidy it gave people income that IOMG didn't have to pay for. Same as duty running and all the other scams, ending in the latter VAT scam. We've never had a stand alone financial plan in about 500 years.
I've never seen them as scams, but we all differ in our opinions, don't we?

Do we? For a proud Manx nation we seem to have had to rely on a lot of UK money over the last 500 years just to get by. Whether that's by agreement or by circumventing duty laws, leveraging tax laws, or manipulating VAT agreements etc. It appears to be the only way we've ever received any degree of windfall.

 

 

I have never seen us, the Isle of Man, being self sufficient. We never have been and never will be. We just kid ourselves, I think.

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The more you read about the history of the IOM the more you're convinced that we have never had any successful economic strategy that existed outside of feeding off UK money. One hundred years later and the same could be said about the VAT agreement

"Chairman Tom Lord says by the end of the war, the Island was receiving more money through war pensions than in taxation"http://www.manxradio.com/news/isle-of-man-news/war-pensions-exceeded-islands-gdp/

 

Completely different though.

This money was not income for the Isle of Man and it's people , it was purely just payment of indebtedness to Manx folk ( from the British Gov. ) who fought and were injured or died in the FWW.

A bit different to the vat cheque.

Not really a subsidy is a subsidy it gave people income that IOMG didn't have to pay for. Same as duty running and all the other scams, ending in the latter VAT scam. We've never had a stand alone financial plan in about 500 years.
I've never seen them as scams, but we all differ in our opinions, don't we?

Do we? For a proud Manx nation we seem to have had to rely on a lot of UK money over the last 500 years just to get by. Whether that's by agreement or by circumventing duty laws, leveraging tax laws, or manipulating VAT agreements etc. It appears to be the only way we've ever received any degree of windfall.

I have never seen us, the Isle of Man, being self sufficient. We never have been and never will be. We just kid ourselves, I think.

So basically you agree with me. No chance of independence as for 500 years we've been one of the most dependent crown dependencies going. We can't survive without top ups.

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The more you read about the history of the IOM the more you're convinced that we have never had any successful economic strategy that existed outside of feeding off UK money. One hundred years later and the same could be said about the VAT agreement

"Chairman Tom Lord says by the end of the war, the Island was receiving more money through war pensions than in taxation"http://www.manxradio.com/news/isle-of-man-news/war-pensions-exceeded-islands-gdp/

Completely different though.

This money was not income for the Isle of Man and it's people , it was purely just payment of indebtedness to Manx folk ( from the British Gov. ) who fought and were injured or died in the FWW.

A bit different to the vat cheque.

Not really a subsidy is a subsidy it gave people income that IOMG didn't have to pay for. Same as duty running and all the other scams, ending in the latter VAT scam. We've never had a stand alone financial plan in about 500 years.
I've never seen them as scams, but we all differ in our opinions, don't we?

Do we? For a proud Manx nation we seem to have had to rely on a lot of UK money over the last 500 years just to get by. Whether that's by agreement or by circumventing duty laws, leveraging tax laws, or manipulating VAT agreements etc. It appears to be the only way we've ever received any degree of windfall.

I have never seen us, the Isle of Man, being self sufficient. We never have been and never will be. We just kid ourselves, I think.

So basically you agree with me. No chance of independence as for 500 years we've been one of the most dependent crown dependencies going. We can't survive without top ups.

 

 

I do agree yes, just that I may put different labels on payments.thumbsup.gif

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It's good that we agree. I'm just trying to position it in respect of the current anger at our finance sector. It's really just the current incarnation of a long line of financial, tax, and duty scams going back centuries. I dont get what isn't intrinsically "Manx" about our finance sector one bit to be honest. I thought that story was a good example - we've been blagging it for generations. Even 100 years ago there was a good line in war pensions that brought in more than the Island got in direct taxes.

Edited by oldmanxfella
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The more you read about the history of the IOM the more you're convinced that we have never had any successful economic strategy that existed outside of feeding off UK money. One hundred years later and the same could be said about the VAT agreement

"Chairman Tom Lord says by the end of the war, the Island was receiving more money through war pensions than in taxation"http://www.manxradio.com/news/isle-of-man-news/war-pensions-exceeded-islands-gdp/

Completely different though.

This money was not income for the Isle of Man and it's people , it was purely just payment of indebtedness to Manx folk ( from the British Gov. ) who fought and were injured or died in the FWW.

A bit different to the vat cheque.

Not really a subsidy is a subsidy it gave people income that IOMG didn't have to pay for. Same as duty running and all the other scams, ending in the latter VAT scam. We've never had a stand alone financial plan in about 500 years.
I've never seen them as scams, but we all differ in our opinions, don't we?

Do we? For a proud Manx nation we seem to have had to rely on a lot of UK money over the last 500 years just to get by. Whether that's by agreement or by circumventing duty laws, leveraging tax laws, or manipulating VAT agreements etc. It appears to be the only way we've ever received any degree of windfall.

 

 

I have never seen us, the Isle of Man, being self sufficient. We never have been and never will be. We just kid ourselves, I think.

 

 

It is almost impossible to be self sufficient when you are so small in number and shackled by geography. The people who say we are a rich country are the ones growing rich and everyone else is basically subsidised.

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The more you read about the history of the IOM the more you're convinced that we have never had any successful economic strategy that existed outside of feeding off UK money. One hundred years later and the same could be said about the VAT agreement

 

"Chairman Tom Lord says by the end of the war, the Island was receiving more money through war pensions than in taxation"

 

http://www.manxradio.com/news/isle-of-man-news/war-pensions-exceeded-islands-gdp/

https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjvk9il8q7OAhXoIcAKHWxYARgQFgghMAA&url=http%3A%2F%2Fwww.culturevannin.im%2Fcms%2Fpublication_1687.html&usg=AFQjCNHkHMFumY8-c0RY19M02m1PpA2LZg&sig2=UYvxs-1aYpciD-v-P9YbQA

 

There is rather more to it than that. Well worth a read is Manx Memories and Movements by Samuel Norris...

 

It reveals by way of narrative and illustrations from the UK press that the Isle of Man was once seen as the most poverty stricken and down trodden part of Britain.

 

The ruling class Manx establishment crushed the workers with heavy taxes on life's essentials whilst they of course paid no income taxes as there were none. The Island was feudal as if the Normans were still running everything.

 

The UK presence through the Lt Governor was sporadic and mostly absent and the Island's Squires and Oligarchs (Well known families to this day) did much as they wanted until there were what passed for "bread riots" when the Lt Governor was told to arrange a tax to pay for the means to supply bread.

 

Thus was income tax introduced about 1918 I believe. Before then taxation was mostly levied as a sales tax on the essentials such as food and clothing and fuel so that many people were kept poor and the wealthy thrived. So yes, a main source of income might have been pensions but not as taxation. This would have been "money supply" circulating and boosting the taxes on essentials.

 

The UK also threatened to pass laws over Tynwald to introduce an Income tax at this time.

 

Another "living off the UK" factor was that the Imperial Government poured money into the Island to build various prison camps and internment camps in both World Wars. Then there were the soldiers' etc wages. Food was also contracted from local farmers and tradesman to feed the troops and the camp inmates in both wars...Then there was employment of locals. A number of Manxmen and certain well known families to this day made a lot of money as contractors to the UK/Imperial Government of the day.

 

Naturally, it was "Comeovers" like Sam Norris who became a campaigning MHK and who was very effective in improving the lot of the Manx people.

 

Funny though when you read the book by Samuel Norris one does get the impression that in some ways nothing much has changed by way of Establishment attitude! ie "They would if they could!"

 

The link is posted above.

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The more you read about the history of the IOM the more you're convinced that we have never had any successful economic strategy that existed outside of feeding off UK money. One hundred years later and the same could be said about the VAT agreement

 

"Chairman Tom Lord says by the end of the war, the Island was receiving more money through war pensions than in taxation"

 

http://www.manxradio.com/news/isle-of-man-news/war-pensions-exceeded-islands-gdp/

 

But what's your point?

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The more you read about the history of the IOM the more you're convinced that we have never had any successful economic strategy that existed outside of feeding off UK money. One hundred years later and the same could be said about the VAT agreement

 

"Chairman Tom Lord says by the end of the war, the Island was receiving more money through war pensions than in taxation"

 

http://www.manxradio.com/news/isle-of-man-news/war-pensions-exceeded-islands-gdp/

 

But what's your point?

 

its spuds n herring time again.

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Naturally, it was "Comeovers" like Sam Norris who became a campaigning MHK and who was very effective in improving the lot of the Manx people.

 

Funny though when you read the book by Samuel Norris one does get the impression that in some ways nothing much has changed by way of Establishment attitude! ie "They would if they could!"

 

Bloody good post,Barrie.

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