Tories or Labour for those with high income and good savings?

CLAPTON

theGrinch wrote: »

to me all politicans are pretty much the same.

because the tories need to clean up the labour mess; sounds like a cliche, but it is true in these two cases. in the 1970s it was an industrial unarrest mess of overmanning.

inflation needs to be be looked at globally. the 1980s was a time of globally higher inflation.

maybe someone can advise the tax burden over the two periods 1980-1989 and 2000-09

do be careful about interpreting the tax burden as it can be influenced by several factors

-debt.. if the government repays debt then the tax burden will be higher than otherwise.. e.g. in the early labour years 97-2003 debt was being repaid
-if however debt is allowed to increase the tax can be held down e.g. 2003 onwards
-if there are one off assets situaions again taxes can be held down e.g selling the nationalised industries was a one off benefit, selling the gold reserves was again a one off benefit


so you really need to look at total GDP, overall state spending, debt and tax takes etc etc to get an overall picture if you want to compare different periods

bjorn_again

From 1997 onwards it seems that Labour wanted to become Tories and Tories wanted to be Labour. The party I intend to vote for has an N in the middle, a B at the front and a P to finish off with.

Hungerdunger

bjorn_again wrote: »

The party I intend to vote for has an N in the middle, a B at the front and a P to finish off with.

Bigoted, Nasty and Prejudiced?

ses6jwg

unBritish Nazi Party

A party with no experience of government, and no experience of public service (even the Lib Dems have that!).

Good way to waste a vote though.

MRSTITTLEMOUSE

CLAPTON wrote: »

there is too little know about the policies of either party to answer your question

raising incentives to work might actually be very expensive

simplifying the tax system might be very expensive

the reason why we have these 'means' tested benefits that reduce the incentive to work is that if you remove them then you either give every one both rich and poor the benefit or you make the poor even poorer by removing them.

Its simply maths really which is why no government either labour or conservative has ever really successfully addressed the issue.

As Cameron has promised to be the party of the poor and reduce inequalities I'm curious exactly what he will actually do.

I have to agree with all you say here.
I've always been a Tory voter but have no idea as to who I'll vote for this time as Cameron and the rest of his cronies just don't instill any confidence in me.

theGrinch

bjorn_again wrote: »

From 1997 onwards it seems that Labour wanted to become Tories and Tories wanted to be Labour. The party I intend to vote for has an N in the middle, a B at the front and a P to finish off with.

sounds like a wasted vote to me. you might as well turn up and spoil your paper.

ffacoffipawb

ses6jwg wrote: »

He has struggled to do well since 2000, employer NI contribtuions have gone up and up. Better off under Major, my Mum says.

Edwina?

:rotfl:

Masomnia

Scooby_Man wrote: »

I like the fact that Tories will take people off benefits if they are not entitled (and also increase incentive to work), raising chance of less tax increases.

Labour are doing that now, assessing everyone on incapacity benefit to see whether they are fit for work or not. Moving them to JSA if they are.

It also sound like they want to reward hard workers and hard savers, even if only at face value.

Probably just rhetoric, not sure what policies they've announced to specifically do this.

I'm still not a fan of the 50p rate - but anything above that and, personally, I'd be better off leaving this country.

I believe Cameron has said they will keep the 50p rate. Everywhere is going to have to raise taxes unfortunately. I doubt there's anywhere you'll be significantly better off.

Masomnia

amcluesent wrote: »

My income was rising 25% p/a in the 1980s, since Clown took over at No.11/No.10 it's been tax after tax and standard of living has gone backwards (I'm not one of Labour's favoured chavs, single parents, benefits claimants).

Now, who will I vote for...:)

Have you factored in inflation?

ed123_2

...."Dave" did talk of removing tax on savings for basic rate taxpayers but this has changed to a general statement re rewarding people that save...with the national debt due to hit £1.4 trillion I would'nt hold your breath...............................