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Granny Tax Hysteria
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True but your post was about people who couldn't afford extra pension provision and presumably savings.
Fairy snuff.
Have to say that I don't consider basic pension or minimum pension guarantee anything more than subsistence - if no other benefits are received.
You point about acorns and oaks is valid if there are enough nutrients in the soil to go round. There are only so many oaks on a given patch. There is a perception that the UK is rich and fertile when it is really becoming somewhat barren.
Governments have successively sucked it dry over the last 30/40 years."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
The value we have to put on people isn't determined by what their labour is worth, it's what we want to be valued at when it's our turn.
Exactly my point.
I would be really surprised if I ever get a state pension at all when I come to retire. I already have to work a few years longer before my state pension age - will probably rise again before then. By that time, state pensions will almost certainly be means tested, meaning that I've either got to make massive personal provision for a private pension worth having, or not bother at all at throw myself at the mercy of means testing when the time comes.
Universal state pensions are not sustainable with the ever increasing population. It's a ponzi scheme that will crash and burn - like all ponzi schemes.0 -
grizzly1911 wrote: »Fairy snuff.
Have to say that I don't consider basic pension or minimum pension guarantee anything more than subsistence - if no other benefits are received.
You point about acorns and oaks is valid if there are enough nutrients in the soil to go round. There are only so many oaks on a given patch. There is a perception that the UK is rich and fertile when it is really becoming somewhat barren.
Governments have successively sucked it dry over the last 30/40 years.
Plenty of nutrients in the soil, plenty of gardeners, just not enough entrepreneurs. Think Chitty Chitty Bang Band
It is not just in distant history, it is happening now. Example.No, it’s not just our favourite national conceit. A few years back, a study by MITI - Japan’s equivalent of the Department of Trade and Industry (DTI) - concluded that 54% of the world’s most important inventions of the past 100 years were British. Of the rest, 25% were American and 5% Japanese. “The Americans aren’t so good at invention because they think everything’s just great,” said Mandy Haberman, millionaire inventor of the leakproof Anywayup Cup for toddlers. “They’re not nearly critical or bloody-minded enough.” As for the Japanese, they appear too thoroughly conformist to be capable of off-the-wall thinking. A clockwork radio. I ask you. Its inventor, Trevor Baylis, who lives in a chaotic house he built himself on Eel Pie Island, in the Thames, is now trying to generate electricity from shoes, as you walk along, for re-charging the mobile and whatnot.To date, the list of British inventions that “got away” might well appear endless. Right now, by way of just one example, the MP3 solid-state music-player is the fastest selling piece of electrical equipment of all time. It’s already in the Guinness Book of Records. But who invented it? Stand up, Kane Kramer. He did it, age 23, in l979, patent number GB2115996A, filed on November 2nd, l981. But is that “his” player that the world is buying? Of course not. He couldn’t get the business done in this country, for rank amateurism, lack of an invention-savvy infrastructure, not to mention boardroom greed, fighting and craziness. In the end, Kramer walked away and let the patent lapse. Today, if you can believe it, he builds kitchens, in Hitchin, Herts. Of course, he’s got a few hot inventions on the go, can’t help himself. But as he says, “Never give up the day job.
http://www.thebis.org/newsroom/InventorsAndInvention.php'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Good pointPlenty of nutrients in the soil, plenty of gardeners, just not enough entrepreneurs. Think Chitty Chitty Bang Band
Certainly lots of fertilizer coming out of the mouths of most politicians.
Dyson is another - shame he decided to up sticks and manufacture in the East. Amazing how many brands suggest they are "engineered" in the UK to keep some face."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »Dyson is another - shame he decided to up sticks and manufacture in the East. Amazing how many brands suggest they are "engineered" in the UK to keep some face.
Employs 1,500 staff in the UK, global workforce in total is only around 3,500.0 -
If OAPs need more money to live on, then that needs to be provided via state pension and other means tested benefits.
The tax system ISN'T the place for special circumstances. Everyone should get the same tax allowances and pay the same rates of tax on their taxable incomes.
If OAPS are in poverty, then benefits need to be looked at, not the tax system, which is already complicated enough and unfathomable to far too many people.
For far too long, the tax system has been a political football and has been abused by politicians who just want to grab headlines in the media. That's why HMRC and the UK tax system isn't fit for purpose.
Gordon Brown really messed up the tax system, and sadly Osborne is being schizophrenic - simplifying some things with one hand whilst bringing in new complications with the other. The mandarins in the Treasury must be fairly incompetent to allow their Chancellor's to keep fouling up in this way.0 -
If OAPs need more money to live on, then that needs to be provided via state pension and other means tested benefits.
y.
It is interesting though, that the attack on reputed Labour largesse includes the removal of a tax allowance originally brought in by Tory chancellor Churchill in 1925 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Thrugelmir wrote: »Employs 1,500 staff in the UK, global workforce in total is only around 3,500.
If we could get those figures replicated across British inventions we would be in Clover 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
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