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Granny Tax Hysteria

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Comments

  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    StevieJ wrote: »
    Did you see This Week, Mr Portillo tongue tied and ga-ga trying to explain how pensioners won't be paying any more, ahh bless him :)

    I reckon it will cost me £200 a year when I reach 65 which as I’ve said before I’m ok with. So why don’t they just admit it going to cost pensions and present the argument that there is no reason a pensioner should have a higher tax allowance than a 20-year-old which is a valid point?
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    Never mind the "granny tax" .....


    I'm more concerned about the "tramp tax"
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    nearlynew wrote: »
    Never mind the "granny tax" .....


    I'm more concerned about the "tramp tax"

    When did this happen :T oh he probably means that rip up stuff they sell in the markets icon9.gif
    “When beer is cheaper than water, it’s just too easy for people to get drunk on cheap alcohol at home before they even set foot in a pub.
    '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 Thatcher
  • rochja
    rochja Posts: 564 Forumite
    Daily Telegraph:The minimum price, demanded by medical groups, will mean that a bottle of wine cannot be sold for less than £3.60; a can of lager will cost at least 80p; and a bottle of spirits between £10.40 and £11.20.

    At that price I will have a Chivas Regal please. Oh and when beer is cheaper than water what will the main ingredient in beer become?
    Life is like a box of chocolates - drop it and the soft centres splash everywhere
  • Pennywise
    Pennywise Posts: 13,468 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    GIVEN_UP wrote: »
    It's an afront to the decency and commitment pensioners have loyally shown to this country over the last 50 years that they are being specifically targeted in this manner. It literally makes my blood boil thinking that we should finance and bail out the !!!!less yoof. We will remember come election day and we will be heard.

    Actually, other way round. It's today's workers who are paying your pensions. Unfortunately, previous governments have spent the money you paid in tax and NIC. Granted, that's not your fault, but neither is it the fault of today's workers either, who will have to work longer than today's pensioners due to increasing retirement ages, and may well not get any state benefit at all, because it will inevitably become means tested at some stage in the future. We should all be bleeding well angry about this but our anger should be directed at politicians of the last few decades who stupidly ignored the inevitable collapse of the ponzi scheme we call the benefits system!
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Pennywise wrote: »
    Actually, other way round. It's today's workers who are paying your pensions. Unfortunately, previous governments have spent the money you paid in tax and NIC. Granted, that's not your fault, but neither is it the fault of today's workers either, who will have to work longer than today's pensioners due to increasing retirement ages, and may well not get any state benefit at all, because it will inevitably become means tested at some stage in the future. We should all be bleeding well angry about this but our anger should be directed at politicians of the last few decades who stupidly ignored the inevitable collapse of the ponzi scheme we call the benefits system!


    it is ALWAYS the case that workers produce the things that pensioners (and children and the sick and the unemployed) consume
    this has been true since the beginning of mankind and will continue until we are replaced.

    it's also worth considering that the todays workers have a vote and are free to use it; there are more workers than retired although many will take a wider view and consider their own retirement
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    rochja wrote: »
    Daily Telegraph:The minimum price, demanded by medical groups, will mean that a bottle of wine cannot be sold for less than £3.60; a can of lager will cost at least 80p; and a bottle of spirits between £10.40 and £11.20.

    At that price I will have a Chivas Regal please. Oh and when beer is cheaper than water what will the main ingredient in beer become?

    Don't think it will have any effect on us, Boddingtons £.0.6 a can (can't get it any cheaper), Tesco cheapest darkest rum £10.50 = No effect.. Rioja wine, definately no effect :T So who is affecting?
    '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 Thatcher
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    edited 23 March 2012 at 4:58PM
    Pennywise wrote: »
    We should all be bleeding well angry about this but our anger should be directed at politicians of the last few decades who stupidly ignored the inevitable collapse of the ponzi scheme we call the benefits system!


    And sold off all our assets, oversaw the demise of key industries losing employment opportunities and by allowing mass immigration effectively bumping up the dole queue as there are insufficient new opportunities being created.

    No trader can afford to pay himself a wage when he buys in more than he sells.

    How about introducing a "luxury rate" of VAT, say 100%, on items that are not necessary to sustain life might keep more of the money in the UK rather than lining the coffers of the like of Apple who don't recirculate the wealth they have sucked in -according to reports this week. Not just picking on i this or that, could also apply to luxury cars, yachts, fags, booze, sky rental, premier football season tickets etc.
    "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 Muruganantham
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    ukcarper wrote: »
    and present the argument that there is no reason a pensioner should have a higher tax allowance than a 20-year-old which is a valid point?
    Politically dangerous. When you're young you can live on very little if you have to - eat an unhealthy diet, sleep on a friend's sofa, walk everywhere.

    When you're old, even if you don't reach the point of being classed as disabled, you find yourself confronted with a lot of things you can no longer do - cut the grass, clear the gutters, change the curtains, decorate, replace light bulbs, walk to the chemists. So you get a taxi to the chemists and pay people to do the other stuff.

    The ONS already does a separate inflation index for pensioners, which the government ignores. If it opens up the question of pensioners' cost of living, it might get a lot of answers it doesn't like. It might even discover there's a lot of people out there who endure pretty appalling existences, but are ignored. If the Salvation Army has to put on Christmas dinner for people, you can assume that nobody's popping round to do their odd jobs.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    And sold off all our assets, oversaw the demise of key industries losing employment opportunities and by allowing mass immigration effectively bumping up the dole queue as there are insufficient new opportunities being created.

    Strange that, because this is the other side of the coin ;) The Baltic states are lamenting the loss of young and educated people, surely our gain? Ask yourself the question, 'what if vast swathes of our educated and talented young started to disappear', would you think ahh that is useful, lower dole queues?
    “What we can see now is hardly a successful outcome” for the Baltics, Liza Ermolenko, an economist with Capital Economics in London, said by e-mail. “Given their aging populations, the loss of young educated people clouds the economic outlook further down the road.”
    Lithuanians and Latvians have moved to countries such as the U.K. and Ireland, while Estonians prefer neighboring Finland, according to the three countries’ statistics offices. About half the region’s emigrants, who are permitted to work anywhere in the EU, are from 20 to 34 years old.

    http://www.bloomberg.com/news/2012-03-22/baltic-exodus-tests-austerity-champion-tag-after-cuts.html
    '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 Thatcher
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