We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Tax credits and universal credit
Comments
-
But seriously, how many students ever pay off that 40K and the 9% interest?
Nearly everyone defaults these days, unless they get a good job and that does not happen that much.
In the USA they say the debt can never be defaulted on, even bankruptcy the student debt remains.
The USA can do what it wants it never has been an example to follow.
If they are going to default why saddle them with the debt in the first place apart from it being yet another accounting sleight of hand no better than PFI.
Nobody has had to pay that debt yet because it has yet to be amassed by the first generation. You are right though it is a massive delayed action time bomb lobbed into the path of our children and grand children"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: »The USA can do what it wants it never has been an example to follow.
If they are going to default why saddle them with the debt in the first place apart from it being yet another accounting sleight of hand no better than PFI.
Nobody has had to pay that debt yet because it has yet to be amassed by the first generation. You are right though it is a massive delayed action time bomb lobbed into the path of our children and grand children
It looks as though an increasing number are declining to go through higher education as a result, but it's most unlikely that public funding of it will ever return. Well done, Blair, another piece of intelligent policy making, looking after the brightest, and improving the country's competitiveness.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
GeorgeHowell wrote: »It depends on whether the tax saved finds its way back into the economy, and if so how.
It won't find its way back into the economy because it is not derived from taxes. It is derived from borrowing ( an additional 100 billion pounds per annum at the moment).
Yes it is imperative that we balance the books, but don't think that the adjustment won't be felt throughout the economy. Balancing the books requires BOTH spending cuts and increased taxation."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
GeorgeHowell wrote: »It looks as though an increasing number are declining to go through higher education as a result, but it's most unlikely that public funding of it will ever return. Well done, Blair, another piece of intelligent policy making, looking after the brightest, and improving the country's competitiveness.
It reduced unemployment must be good."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 -
But seriously, how many students ever pay off that 40K and the 9% interest?
Nearly everyone defaults these days, unless they get a good job and that does not happen that much.
In the USA they say the debt can never be defaulted on, even bankruptcy the student debt remains.grizzly1911 wrote: »The USA can do what it wants it never has been an example to follow.
If they are going to default why saddle them with the debt in the first place apart from it being yet another accounting sleight of hand no better than PFI.
Nobody has had to pay that debt yet because it has yet to be amassed by the first generation. You are right though it is a massive delayed action time bomb lobbed into the path of our children and grand children
I would guesstimate hardly anyone will pay it off they will default.
But even in times past students mostly default,only those who get good jobs pay it all off. And they are in the minority.0 -
grizzly1911 wrote: »It reduced unemployment must be good.
Yep, and it helped to placate the left wingers who wanted to see more 'social justice' and 'anti-elitism'. All good stuff, soundly in the national interests.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
I would guesstimate hardly anyone will pay it off they will default.
But even in times past students mostly default,only those who get good jobs pay it all off. And they are in the minority.
So why increase it disproportionately?
If we are truly tackling the deficit and then the debt they should be starting from square one not making forward passes."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 -
But seriously, how many students ever pay off that 40K and the 9% interest?
Nearly everyone defaults these days, unless they get a good job and that does not happen that much.
In the USA they say the debt can never be defaulted on, even bankruptcy the student debt remains.
You can't default on a UK student loan (unless you emigrate I guess). It eventually gets written off if people haven't repaid it in 30 years or whatever, but we're some time away from that applying to anybody.
And it's not 9% interest, it's an increase of 9% in a graduate's marginal tax rate if they earn over a threshold.0 -
GeorgeHowell wrote: »The biggest risk that the benefits scum will still get its dosh is that the UK electorate is stupid enough to put Labour back in in 2015. A Labour government will make sure that's what happens because that's what they believe in.
That really depends on whether you think Labour will reverse these measures. I suspect they will not, even though had they been in power they would not have pursued the policy themselves. While they might tweak the scheme a little, if they are re-elected they will probably be relieved that the Tories did the deed, not them. An analogy would be that many people said that when Labour was re-elected in 1997 they would reverse the anti-union laws yet they never did this.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
grizzly1911 wrote: »I only use the word prejudice because yo will only see good in the conservatives and everything that labour touch as bad. I can accept that there is good and bad in both parties.
There have always been a small minority of welfare scroungers, there always will be. When we have shave d another x% of the welfare bill are these peole simply going to dissapear, is the economic outlook suddenly going to turn rosy. Are we suddenly going to get nice fat tax rebates?
The reason there is such a feeding frenzy now is because the conservatives have decided to make it one. It divides and diverts attention from the real problems of the country.
We have got here by decades of slow burn decline presided over by governments. They are all culpable.
In 1997 we hadn't just had a GFC and a long period of global crisis for the western economies. No doubt these are the fault of labour too.
I agree. I find it interesting that George has adopted another of Mrs Thatcher's wise words in his "provocative" signature. Anyone who cites her "There is no such thing as society" quote is immediately criticised for quoting it out of context. The Good Samaritan quote he uses is rather out of context too as she was being asked if her policies would lead to inequality."…yes indeed, if opportunity and talent is unequally distributed, then allowing people to exercise that talent and opportunity means more inequality, because there are the resources to do so. No-one would remember the good Samaritan if he'd only had good intentions - he had money as well."
I do believe that some of the principles behind UC in relation to benefits dependency need to be done. I just fear that Thatcher's protoge is equally intent on spreading inequality through the nation.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards