metalblue
Well-Known Member
It’s ok to kill pensioners when we can’t afford it? Fuck me this is a new low even from you.
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The Labour Government
- Thread starter SkyBlueFlux
- Start date
It’s ok to kill pensioners when we can’t afford it? Fuck me this is a new low even from you.
I put my contributions up to the maximum 2 months ago, and I'm considering VC's, primarily because I'm edging into the higher rate income tax bracket.I would advise any young person to start putting money away for their private pension asap. The SIPP is a good one, but take advice if you're in doubt. Your retirement may seem a long way away, but it soon creeps up on you. It's well worth missing a few gigs, or even holidays, if that's what it takes.
Don't leave yourself reliant on the state as the way things are going the state will give you SFA, and you don't want to spend your last 20-30 huddling over a candle and eating cold baked beans.
It's also a good idea to start looking into long-term saving options such as a stocks and shares ISA. There are many funds which are rated by risk and more importantly it's tax-free.
Land value tax was tried by Wilson. It was a disaster.I'm not pleased about losing my winter fuel payment but this is what happens when politicians are manipulated into making unrealistic pledges not to touch the main taxes. You can expect more of the same, instead of basic tax going up to (say) 22p.
Income tax is the fairest tax, although it would be a lot fairer if fewer cunts dodged paying it.
The other thing is, there should be more focus on taxing assets. I have argued before for Land Value Tax, but the problem is the Norman families would kick up a fuss, and the Daily Mail would tell us every pensioner would be taxed on their garden. So it's hard to do politically.
As for Bamford, if he really does owe £500,000,000 in tax, it's a fucking scandal and he should have all his assets sequestrated. But the other scandal is why was it allowed in the first place. HMRC would be on to me like a ton of bricks if I owed £100. I know that from experience.
Churchlawtonblue
Well-Known Member
- Joined
- 3 Dec 2013
- Messages
- 14,845
Yes, look it up, out of interest who do you think appointed the BofE Governor?Really?
I have absolutely no problem paying more tax. Where everybody will clench their fists is when they start paying more tax and everything stays shit. I know it's early days but for Labour to get their knickers in such a twist over £20bn is alarming. They can blame the last government but the last government spent 15 years blaming the last government.It will be a bumpy ride. One problem is the income tax structure. Talk of taxing the rich is nonsense because the amount raised is small. The only way to raise meaningful sums is to increase tax in the middle because that’s where the vast amount of the money is. But most votes too are there and we know what that means.
It meanwhile boils my blood that we are still continuing with certain projects like HS2 which has eyewatering costs. I just do not get why governments are incapable of seeing this. It's a project that nobody wants and cancelling it now would allow them to open the taps on many different projects.
I know they've already started it but it can still be repurposed so that the money already spent isn't wasted.
mosssideblue
Well-Known Member
If it were so controlled by the government, why didn’t the Tories force interest rates down and, why were they really pissed off when they didn’t drop them as inflation was falling?Yes, look it up, out of interest who do you think appointed the BofE Governor?
Churchlawtonblue
Well-Known Member
- Joined
- 3 Dec 2013
- Messages
- 14,845
No idea, stupidity possibly?If it were so controlled by the government, why didn’t the Tories force interest rates down and, why were they really pissed off when they didn’t drop them as inflation was falling?
But without doubt Reeves is Baileys boss. He was appointed by Javid when he was Chancellor.
mosssideblue
Well-Known Member
I think you are being naive to suggest Governments can force the BoE to adjust interest rates at their willNo idea, stupidity possibly?
But without doubt Reeves is Baileys boss. He was appointed by Javid when he was Chancellor.
metalblue
Well-Known Member
It was a specific solution to him. If Ethel lives in a larger house that she can't afford to heat, she could sell it and downsize (if there are suitable properties nearby) or she could stay where she is living and take in lodgers (for some of the time).
Out of interest did you approve of the so called “bedroom tax” that was designed to make people give up social housing that was too large for their needs?
gordondaviesmoustache
Well-Known Member
Wilson hasn’t been PM for nearly half a century.Land value tax was tried by Wilson. It was a disaster.