Debate House Prices


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George Osborne....Limit amount of children for benefits

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  • richbeth
    richbeth Posts: 154 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    drc wrote: »

    However, there absolutely needs to be some sort of tax on unearned income and unearned wealth. It is ridiculous that this whole economy is based on house prices forever increasing and we need to revert to an economy based on real industries and not encourage people to speculate on homes as commodities.

    This is the second time in the thread you've mentioned tax on "unearned income and unearned wealth". What exactly do you mean ? AFAIK all income is taxable and the only capital gain that isn't is your primary residence. It's just a matter of when you pay the tax.

    There may be some loopholes but surely that's a different thing.
    RB
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    richbeth wrote: »
    This is the second time in the thread you've mentioned tax on "unearned income and unearned wealth". What exactly do you mean ? AFAIK all income is taxable and the only capital gain that isn't is your primary residence. It's just a matter of when you pay the tax.

    There may be some loopholes but surely that's a different thing.
    RB

    Exactly the point is HPI is unearned wealth which has in many cases been turned into unearned income.
    Have my first business premises (+4th business) 01/11/2017
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    Started third business 25/06/2016
    Son born 13/09/2015
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    Officially the owner of my own business since 13/01/2012
  • mazza111
    mazza111 Posts: 6,327 Forumite
    N1AK wrote: »
    I don't think he was defending the situation as such, more that he was pointing out that laws are decided by people who get elected and people who get elected are picked by those who vote.

    It is frustrating that voting levels amongst people my age are so low; but it hardly helps that the major parties (the ones that will invariably win under FPTP) target middle-aged to elderly voters.


    "Why is it the states problem" was what he wrote..... Sorry, but I'm a great believer in helping out the disabled whenever we can. Whether they be 18 or 90. There are a lot of under 25s who find themselves disabled through no fault of their own after taking up tenancies when they were fit and well. Not to mention the children who've been abused at home and end up in homeless units etc. It would be ideal if every child could stay at home until after they were 25. Unfortunately it's not feasible in a lot of cases.

    And yes, because not as many of the under 25s vote it's them who gets screwed over.
    4 Stones and 0 pounds or 25.4kg lighter :j
  • PaulF81
    PaulF81 Posts: 1,727 Forumite
    A lot of people say they are disabled when in fact they a bone idle.
  • ILW
    ILW Posts: 18,333 Forumite
    PaulF81 wrote: »
    A lot of people say they are disabled when in fact they a bone idle.

    Obesity is now considered a disability by many.

    I prefer Frankie Boyles definition:

    A disability is when you can't walk, not when you just can't walk past the cake shop.
  • Cisco001
    Cisco001 Posts: 4,139 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    this is right and what MUST happen. the child benefit should not be lost when ONE parent earns more than £50k - but when the household earns over £50k - that will cut it down much further - and be fairer - because two people on a combined £50k are actually much better off than one earner on £50k.

    .

    I think the taxation system should be changed to allow married couple to be taxed based on combined income. I think this would be a bit fairer.
  • N1AK
    N1AK Posts: 2,903 Forumite
    Part of the Furniture 1,000 Posts
    mazza111 wrote: »
    "Why is it the states problem" was what he wrote..... Sorry, but I'm a great believer in helping out the disabled whenever we can.

    I don't support the change either. In fact I find it completely unacceptable, because even forgetting cases like abuse etc it is blatantly unfair on those under 25.

    If someone left school at 16 worked to 23 then got made redundant they could be forced to move back home; however someone who is 26 could have never worked and will get support automatically. It's the same blatantly ageist bullocks that means jobseekers allowance is lower for people under 25 as well.

    It's sad to see the conservatives swinging so violently back to their 'base' voters and giving up on the middle ground. They never seem to realise that constantly picking your policies based on the preferences of their base means that the young are driven to support and identify with other parties.
    Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...
  • ILW
    ILW Posts: 18,333 Forumite
    N1AK wrote: »
    I don't support the change either. In fact I find it completely unacceptable, because even forgetting cases like abuse etc it is blatantly unfair on those under 25.

    If someone left school at 16 worked to 23 then got made redundant they could be forced to move back home; however someone who is 26 could have never worked and will get support automatically. It's the same blatantly ageist bullocks that means jobseekers allowance is lower for people under 25 as well.

    It's sad to see the conservatives swinging so violently back to their 'base' voters and giving up on the middle ground. They never seem to realise that constantly picking your policies based on the preferences of their base means that the young are driven to support and identify with other parties.

    All parties pander to the groups that are likely to support them. It just appears that most "young people" are too thick to figure that out.
  • richbeth
    richbeth Posts: 154 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Percy1983 wrote: »
    Exactly the point is HPI is unearned wealth which has in many cases been turned into unearned income.

    so the original quote would be better stated as "there should be tax on the capital gain of your primary residence" ? which is much less emotive and a very specific point.

    I can see some validity in that but it would need to effectively replace stamp duty and I would imagine it would be very unpopular amongst a lot of people who see their home as part of their pension plan :(

    I'd much rather see something like that than a mansion tax as this way you pay the tax on the gain at the point at which it is made liquid and so it ties in with the general UK taxation principle that you pay tax on income and asset disposal not holding of assets.

    RB
  • mazza111
    mazza111 Posts: 6,327 Forumite
    PaulF81 wrote: »
    A lot of people say they are disabled when in fact they a bone idle.

    It's doctors who determine whether someone is disabled or not. Not the individual. In most cases anyhoo.

    My dd can still walk at the moment. Albeit with crutches and very very slowly. Took her out shopping today, Braehead shopping centre, went to shopmobility, got her on a scooter, shooty in, shopping done in no time, excellent service all round!! Only problem is, we need to find a way of bracing her thumb, so it doesn't dislocate when she's pushing the button to make it go forward :rotfl: Back to appliances we go to be fitted for another brace.

    Seriously though, I have never seen anyone get disability benefits that don't deserve them. I have one person I know, who casts doubt on that, but she's got severe mh problems, so I wouldn't like to judge. There are a lot of hidden illnesses that qualify for disability benefits. Including cancer, epilepsy, hms. Just because you don't see an illness, doesn't mean it's not there. Stand my dd against a wall and take away her crutches and the braces, she'll look like everyone else of her age group. Hey, just 18 months ago she was bouncing around like Tigger on speed! Now she's like a wee old woman. Guess none of us know what's round the corner. So let's not cast stones.

    Don't get me wrong, I welcomed WCA for ESA, but the crowd that are doing it and the government who are setting the targets are messing it up completely.

    I would cut my legs off in a second if I thought it would give my dd a better quality of life.

    The system is messed up, no doubt about it, but cutting HB from under 25s is going to see a lot more kids on the street imho.
    4 Stones and 0 pounds or 25.4kg lighter :j
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