The Conservative Party

Blue Maverick said:
Am I reading this right, we are now going to tax pensioners as well? Is this from state pension or private pension? You know what I’ll tell my kid to save fuck all for her future now, she can have what I leave her and blow the fucking lot as she will have to work until she dies anyway.
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No.
Pay attention.
Although people over state pension age who are still working will be expected to pay NI.
Quite rightly.
 
metalblue said:
Just trying to understand your thought process of how we pay for care of the elderly. So far I’ve got it as:

Keep existing system of “selling” assets leaving the estate with £23,250
Raise VAT to cover the shortfall.
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I was wrong. A much better bid in the non-sequitur stakes.

How on earth do you get that from anything I've said?
 
Fred_Quimby said:
How on earth do you make that? "Many over-70's enjoying the inheritance from their parents,'?? Many, many people my age (72) didn't get any inheritance and hence had to save for many years for a deposit AND mortgages were rationed in the early 70's making it doubly difficult to buy a house. Then we had to go through a period of eye watering interest rates (well into double figures) which made making ends meet very difficult indeed. Of course most people on here will not know this because they are to young.

It would appear that a lot of young people thought we oldies had it easy. Inflation through the roof, strikes every week, record unemployment and don't get me started on the state of housing and education.
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I agree with everything you write

It isn’t easy to explain how difficult it was to save for a deposit but we lived in a council house there was no inheritance.for us, we had to turn over our pay packet of 3 old pounds a week to parents and was given 10 Bob for bus fare and lunch money.

We paid for our wedding no leg ups and then saved for a deposit because we shared costs. The figures bandied about are mainly false average wages and prices do not reflect the true picture
 
Blue Maverick said:
Well I thought you paid NI if you worked no matter your age? So you don’t pay on any pension then? Why not increase VAT by 1% so the big spenders (the rich) pay more than the poorer.
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Shows how wrong you can be.
Until now anyone working beyond pension age paid no NI.
NI is not paid on any pension no matter how large nor how soon you take it.
Retire at 56 on a pension - no NI.
 
Blue Maverick said:
Well I thought you paid NI if you worked no matter your age? So you don’t pay on any pension then? Why not increase VAT by 1% so the big spenders (the rich) pay more than the poorer.
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VAT is a regressive tax.
It hits the poorest much harder than the richest.
See:
demos.co.uk

Why Britain needs a progressive VAT

Demos is Britain’s leading cross-party think-tank. We produce original research, publish innovative thinkers and host thought-provoking events.
demos.co.uk demos.co.uk
 
Kirkstall Blue said:
I agree with everything you write

It isn’t easy to explain how difficult it was to save for a deposit but we lived in a council house there was no inheritance.for us, we had to turn over our pay packet of 3 old pounds a week to parents and was given 10 Bob for bus fare and lunch money.

We paid for our wedding no leg ups and then saved for a deposit because we shared costs. The figures bandied about are mainly false average wages and prices do not reflect the true picture
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£3 a week? That's WW2 level pay.

.
 
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