Debate House Prices


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Youngters getting a poor deal

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Comments

  • Generali
    Generali Posts: 36,411 Forumite
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    ukcarper wrote: »

    Is that right tax as % of GDP was very similar to now and basic rate income tax was 35%.

    　

    　

    　

    I don't have the numbers to hand but if you look at Govt spending in the 50s/60s I would guesstimate that it was closer to 1/3rd GDP than half.

    Ultimately Govt spending and total tax levels have to end up about the same otherwise you end up like Greece.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
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    StevieJ wrote: »
    Higher sales tax (VAT) disproportionately hits the poor.


    I accept that but I'm not sure the overall tax burden on the low paid is higher than it was in the 60/70s.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Generali wrote: »
    I don't have the numbers to hand but if you look at Govt spending in the 50s/60s I would guesstimate that it was closer to 1/3rd GDP than half.

    Ultimately Govt spending and total tax levels have to end up about the same otherwise you end up like Greece.

    Tax as % of GDP between 1963 and 1970 varied between 31.2% and 37% compared to about 36% now.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Turnbull2000 wrote: »
    I agree with the others, 25K joint income is actually quite poor for the SE. I wouldn't even consider it that great in my own North East.

    I too can't believe someone is calling a £12.5k joint income decent in the South of East.
  • somethingcorporate
    somethingcorporate Posts: 9,449 Forumite
    ruggedtoast wrote: »
    I too can't believe someone is calling a £12.5k joint income decent in the South of East.

    £6.25k joint income a year is rubbish! A pittance in the South East.
    Thinking critically since 1996....
  • Turnbull2000
    Turnbull2000 Posts: 1,807 Forumite
    ruggedtoast wrote: »
    I too can't believe someone is calling a £12.5k joint income decent in the South of East.

    Oops! Meant 50K.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • sheffield_lad
    sheffield_lad Posts: 1,990 Forumite
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    Lets not get carried away with student 'debt' its a tax for getting a better education which should lead to a better job. As many on here already know payment for such 'debt' would be less than the average mobile phone bill for those on the average wage.

    Just feeling sorry for our youth will just end up making them feel like the victims (as what has occurred with Liverpool folk). We need to show them that a bit more hard work and productivity might just get them a decent living.
  • GeorgeHowell
    GeorgeHowell Posts: 2,739 Forumite
    howee wrote: »
    Lets not get carried away with student 'debt' its a tax for getting a better education which should lead to a better job. As many on here already know payment for such 'debt' would be less than the average mobile phone bill for those on the average wage.

    Just feeling sorry for our youth will just end up making them feel like the victims (as what has occurred with Liverpool folk). We need to show them that a bit more hard work and productivity might just get them a decent living.

    Indeed. A lot are already deciding it seems that a three year beano poncing about doing Media Studies at the University of Basingstoke is not such an attractive proposition when it isn't someone else paying.
    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 Thatcher
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Turnbull2000 wrote: »
    Oops! Meant 50K.

    £50k isnt bad actually. Thats more than the wnkers on the site would get.*

    *obscure Withnail & I reference ^^
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    edited 24 January 2013 at 5:50PM
    ukcarper wrote: »
    Tax as % of GDP between 1963 and 1970 varied between 31.2% and 37% compared to about 36% now.



    For a 26000 wage earner 35% (graduate new scheme 37%), 40000 35% (graduate 40%). 60000 38% (44%) "fag packet" roughly ex pension.

    The main necessary zero rate VAT items are basic food not processed, junk or hygiene related.
    "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
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