What cuts are you prepared to personally suffer to repay the deficit?

tomstickland

I can't think of any cuts that will affect me. Tax rises would.
As far as I'm aware I don't qualify for a benefit of any kind. I pay for everything I use.

jamespmg44

Here's some for starters:

Raise interest rates to a more sensible level.
Cut child benefit to the first child and limit it to those with a household income of less than 50k (as DINKYs planning for kids in a few years this wouldn't affect us now)
Ensure that benefit paid to a single person is capped at 12k a year (slightly more than minimum wage), for a couple it's 24k. Why should someone who sits on their fat backside get more than someone who's working.
Withdraw from Afghanistan.

N9eav

carolt wrote: »

We all pay taxes. You're hardly alone.

So it's up to others, is it?

Hmm.

No we dont all pay taxes. I know people who get more money than me and they sit on their asses all day enjoying the myriad of benefits on offer.

While I work 40 hrs per week and pay my share, they take their new camper van and go a for a jolly somewhere......

Hey that rhymes

madnessofBruno

carolt wrote: »

Obviously, everyone is very keen for the deficit to be repaid.


removal of SMI
raising of interest rates
further reductions in housing benefit rates
rise in income tax
rise in capital gains tax
new property taxes
rise in VAT
rise in fuel taxes

I will also want to see
5p on all text messages sent
Fines for anyone who drops litter, chewing gum etc (lets start with £100)

ceridwen

Its not a question of what I personally am prepared to lose....its what I could afford to lose. The answer - in my case - is nothing.

I'm on a low salary anyway. Pretty much the only income I have ever had is salary - no child benefits/Child Tax Credit/etc for me. The only income I have EVER received that I havent worked for basically is the bit of "dole" money I had when I was unemployed.

I've paid out my share (and more) in advance - by subsidising other people to have children, but never receiving any subsidy for anything myself.

Perhaps we should turn this argument round into "How much income have you received specifically because you have children over the years? Please list the amount received in things like child allowance, Child Tax Credit, etc and whether you are going to volunteer to hand it back":cool::rotfl::rotfl::rotfl: - well I might as well laugh - as all those who are parents will think I'm joking (clue = no I'm not...).

Out of interest carolt I believe you have children? So - you'll be first in the queue to hand that money back I presume?

Degenerate

jamespmg44 wrote: »

Here's some for starters:

Raise interest rates to a more sensible level.

This is a totally clueless suggestion. Central banking operations are not undertaken to raise revenue for the Government, and raising interest rates is not necessarily going to raise any revenue for the BOE (they pay interest too you know). If the Government were irresponsible enough to f*ck with monetary policy for fiscal reasons, why not just order the bank to rustle up a few hundred billion out of thin air and hand it over?

mbga9pgf

jamespmg44 wrote: »

Here's some for starters:

Raise interest rates to a more sensible level.
Cut child benefit to the first child and limit it to those with a household income of less than 50k (as DINKYs planning for kids in a few years this wouldn't affect us now)
Ensure that benefit paid to a single person is capped at 12k a year (slightly more than minimum wage), for a couple it's 24k. Why should someone who sits on their fat backside get more than someone who's working.
Withdraw from Afghanistan.

Raising interest rates wouldnt raise tax. The money raised from base rate doesnt go to the government.

A tax on mortgage interest would however. Not very likely at this moment in time.

How about a tax on home equity?

Wookster

carolt wrote: »

Didn't know you were that old, Wookster.

Winter fuel payments?

Or is this another case of 'I want someone else to suffer, not me'.

So no-one has yet specified what they personally wish to pay towards the deficit.


How strange...

Edit: With exception of viva.

Wow you are ratty today.

Perhaps you could read my post again.

More specifics of ideas on the deficit are raising the retirement age from 65 to 70 for both men and women, in the next 8 years.

Legalise and tax all recreational drugs.

Legalise and tax prostitution.

Now is the time for radical ideas.

FATBALLZ

Scrap (for everyone) child benefit.
Scrap (for everyone) tax credits

those would affect me.

In terms of tax, sorry, but I'm at the limits of what I consider reasonable for me to pay. 20% income tax, 11% NI, 9% student tax. With pension contributions to offset the fact that my generation has poor pension provision and is unlikely to have a meaningful state pension that's around half my wage gone already. When every person in the UK who has what would now be considered a graduate level job pays a retrospective tax of £20k as per what current students have to pay I may consider it reasonable to up my contribution. But not until then.

SingleSue

Limit the child benefit to two children and only to receive CB if you are under a certain household income. That way, it is less attractive to have more than two children (a pretty normal number) whilst on lower pay.

A percentage cut to tax credits (not sure quite how much of a percentage though, too much and people will really struggle, too little and it will make almost no difference). This would apply equally to those on benefits or a low income through working.