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BFYP.I agree with your point about the financial position of the young. That is the biggest failing of my generation and the one above it. But if everyone had had the "no more tax" attitude 75 years ago, there's never have been an NHS.Me, I'd start with a wealth tax. People with combined property, savings and pension funds above £1m pay 1% of that per year in tax. Start to address the shocking transfer of wealth that has occurred from the younger to the older generation.
Quote from: BillyStubbsTears on January 10, 2021, 11:13:29 amBFYP.I agree with your point about the financial position of the young. That is the biggest failing of my generation and the one above it. But if everyone had had the "no more tax" attitude 75 years ago, there's never have been an NHS.Me, I'd start with a wealth tax. People with combined property, savings and pension funds above £1m pay 1% of that per year in tax. Start to address the shocking transfer of wealth that has occurred from the younger to the older generation. Stretching off topic here but I think every higher rate tax payer should really be able to accommodate an extra 1% of tax. For someone earning £50k, that 1% would only be on £12,500 ie £125 a year. That’s just over £10 a month, and an extra £10 a month for every £12k above £50k. If that stretches someone earning that much to breaking point then they’re not managing their finances well enough.
BFYP.I agree with your point about the financial position of the young. That is the biggest failing of my generation and the one above it. But if everyone had had the "no more tax" attitude 75 years ago, there's never have been an NHS.Me, I'd start with a wealth tax. People with combined property, savings and pension funds above £1m pay 1% of that per year in tax. Start to address the shocking transfer of wealth that has occurred from the younger to the older generation.
Back on topic, it's being reported in some newspapers today that it's possible that 1 in 5 of us may have had the virus.I've always maintained that some of us have had the virus, but were never tested.I'm pretty sure I had it a few months back, but of course it could have been flu. I'll never know now.
Quote from: NickDRFC on January 10, 2021, 02:05:04 pmQuote from: BillyStubbsTears on January 10, 2021, 11:13:29 amBFYP.I agree with your point about the financial position of the young. That is the biggest failing of my generation and the one above it. But if everyone had had the "no more tax" attitude 75 years ago, there's never have been an NHS.Me, I'd start with a wealth tax. People with combined property, savings and pension funds above £1m pay 1% of that per year in tax. Start to address the shocking transfer of wealth that has occurred from the younger to the older generation. Stretching off topic here but I think every higher rate tax payer should really be able to accommodate an extra 1% of tax. For someone earning £50k, that 1% would only be on £12,500 ie £125 a year. That’s just over £10 a month, and an extra £10 a month for every £12k above £50k. If that stretches someone earning that much to breaking point then they’re not managing their finances well enough.Unlike those of you who are older, youngsters already are taxed more aggressively through the student loan system. 50k is absolutely the wrong point to do it aswell. For families with kids and a student loan they lose 69% of anything they earn in the 50-60k bracket. Easy to say it's just another 1% but these young people also have huge mortgages particularly in parts of the country where cost of living is far higher than here.A youngster earning 60k in London is nothing like rich. Should add this is my main point, it's much more money here than other areas.
Quote from: NickDRFC on January 10, 2021, 02:05:04 pmQuote from: BillyStubbsTears on January 10, 2021, 11:13:29 amBFYP.I agree with your point about the financial position of the young. That is the biggest failing of my generation and the one above it. But if everyone had had the "no more tax" attitude 75 years ago, there's never have been an NHS.Me, I'd start with a wealth tax. People with combined property, savings and pension funds above £1m pay 1% of that per year in tax. Start to address the shocking transfer of wealth that has occurred from the younger to the older generation. Stretching off topic here but I think every higher rate tax payer should really be able to accommodate an extra 1% of tax. For someone earning £50k, that 1% would only be on £12,500 ie £125 a year. That’s just over £10 a month, and an extra £10 a month for every £12k above £50k. If that stretches someone earning that much to breaking point then they’re not managing their finances well enough.Unlike those of you who are older, youngsters already are taxed more aggressively through the student loan system. 50k is absolutely the wrong point to do it aswell. For families with kids and a student loan they lose 69% of anything they earn in the 50-60k bracket. Easy to say it's just another 1% but these young people also have huge mortgages particularly in parts of the country where cost of living is far higher than here.A youngster earning 60k in London is nothing like rich. Should add this is my main point, it's much more money here than other areas.
Quote from: BillyStubbsTears on January 10, 2021, 11:13:29 amBFYP.I agree with your point about the financial position of the young. That is the biggest failing of my generation and the one above it. But if everyone had had the "no more tax" attitude 75 years ago, there's never have been an NHS.Me, I'd start with a wealth tax. People with combined property, savings and pension funds above £1m pay 1% of that per year in tax. Start to address the shocking transfer of wealth that has occurred from the younger to the older generation. Stretching off topic here but I think every higher rate tax payer should really be able to accommodate an extra 1% of tax. For someone earning £50k, that 1% would only be on £12,500 ie £125 a year. That’s just over £10 a month, and an extra £10 a month for every £12k above £50k. If that stretches someone earning that much to breaking point then they’re not managing their finances well enough.
BFYP.I agree with your point about the financial position of the young. That is the biggest failing of my generation and the one above it. But if everyone had had the "no more tax" attitude 75 years ago, there's never have been an NHS.Me, I'd start with a wealth tax. People with combined property, savings and pension funds above £1m pay 1% of that per year in tax. Start to address the shocking transfer of wealth that has occurred from the younger to the older generation.
I'd say in some parts of the country they are comfortable, absolutely. I ask you how well off you'd feel earning 60k in London or the south bringing up a family as a youngster.I would also agree with you, in many ways the country is off the rails. We are saddling our youngsters with huge debts, it is not sustainable. That's before you even talk about those on really low incomes who are stuck in a spiral of renting and living day to day.
BSTBut this would suggest lockdowns are actually effective...
Captain Hindsight BB.Except you don't even get it right with hindsight. I posted at the end of last week that it looked like we might be turning the corner, so why should you have been worried about being told you were wrong? If you're wanting to join in and start posting sensible stuff instead of constantly looking to provoke the next argument, you're more than welcome.
You really do make yourself look stupid with posts like that BB. You're an intelligent man but so wrapped up in your personal animosities that you're completely blind to it.