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Granny Tax Hysteria
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a lot of pensioners I know are very well off.
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A lot more are not well off - I would suggest, especially older ones who weren't encouraged to, or couldn't afford to make pension provision. that extra couple of grand allowance provides just a little wriggle room.
For those that are better off they tend to consume more luxuries and thus pay VAT @ 20%, which is the same as basic rate tax income tax.
Reducing disposable income merely reduces the amount they have to spend. As luxuries are given up first the VAT take will fall too.
The 5.3% increase, they boast about as being the largest single increase in State Pension, was only paid because it is linked to inflation and it on the increase is based on the last highest pension. And as it is based on historic inflation, guess what, it has already been spent.."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 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.
Again not all pensioners are the same, my mother for example only has a state pension but to quote Harold, 'she has never had it so good' admittedly her family contribute towards holidays and treats and visit regularly, on the other side of the coin she looks after the kids when required. This is as it should be in an extended family unit, but obviously all situations are not the same
'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 -
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?
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If those educated youngsters are adding value all to the good but if they are merely displacing "local" young educated talent then it doesn't help.
It certainly doesn't help if they are taking low value jobs simply to escape their own problems displacing "local" less able workers who can't in reality move.
If our young educate talent emigrates it will help balance the dole queue and quite frankly if they can avoid the road crash this country has become good luck to them."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: »A lot more are not well off - I would suggest, especially older ones who weren't encouraged to, or couldn't afford to make pension provision. that extra couple of grand allowance provides just a little wriggle room.
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If someone doesn't have extra pension provision they won't be affected by the removal of age allowance. I do agree with you about the CPI increase I am sick and tired of politicians trying to divide the electorate, and pretending that real loss in spending power is somehow a gain.'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 -
grizzly1911 wrote: »If those educated youngsters are adding value all to the good but if they are merely displacing "local" young educated talent then it doesn't help.
It certainly doesn't help if they are taking low value jobs simply to escape their own problems displacing "local" less able workers who can't in reality move.
If our young educate talent emigrates it will help balance the dole queue and quite frankly if they can avoid the road crash this country has become good luck to them.
They may take those jobs in the short term but hopefully large oaks grow from small acorns, if they are hard working and enterprising and smart, they may create business's that employ far more people in the future.'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 -
If someone doesn't have extra pension provision they won't be affected by the removal of age allowance..
True but someone who has scrimped and saved and say £50k in savings, through a life time, might well be.
Somone who hasn't and has p....d it up the wall may well be entitled to Pension guarantee and additional income related "benefits/savings"."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 -
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.
But we are talking of pensioner with an income of £10500 and £24000 (£200/£460 a week)
Next year a non-pensioner will take home £184/£361
While a pensioner will take home £200/£408
Even without additional allowance a pensioner will take home £6 /£37 more because of NI.
With regards the politics I would rather not be treated like an idiot by being told I’m not losing anything.0 -
grizzly1911 wrote: »True but someone who has scrimped and saved and say £50k in savings, through a life time, might well be.
Somone who hasn't and has p....d it up the wall may well be entitled to Pension guarantee and additional income related "benefits/savings".
True but your post was about people who couldn't afford extra pension provision and presumably savings.A lot more are not well off - I would suggest, especially older ones who weren't encouraged to, or couldn't afford to make pension provision.'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 -
It has to be pay-as-you-go, it can never be any other way. The basis of human society has always been that the young and fit do the physical work while they can, and other roles have to be found and valued for the old and infirm.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 may even be necessary to support people who're useless. That's not because anybody benefits, it's because anybody else may become useless.
This is something Adam Smith and his acolytes never seem to have understood, although everybody had understood it for millennia previously. 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."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 Lewis0 -
It has to be pay-as-you-go, it can never be any other way. The basis of human society has always been that the young and fit do the physical work while they can, and other roles have to be found and valued for the old and infirm.
It may even be necessary to support people who're useless. That's not because anybody benefits, it's because anybody else may become useless.
This is something Adam Smith and his acolytes never seem to have understood, although everybody had understood it for millennia previously. 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.
It is not only that, during our history the British ruling classes have been well aware of the need to keep the masses including the !!!!less reasonaby satisfied.
'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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