Debate House Prices
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Please donate just 75p a day...
Graham_Devon
Posts: 58,560 Forumite
So that we can have a fully funded NCS (National Care Service). This service would start running around 2018-20 and provide fairness to all.
None of this using your own wealth to pay for your care, not from anyone.
75p a day is based on a worker earning £25,000 a year, so £273 a year extra from a paypacket. It's suggested this money is taken from income tax, under a new title. It's not to be taken from any other taxes. It's to start in 2018-20 in order to allow people to plan, and she believes this is affordable to all.
That was the idea from one influencial women just approaching retirement to deal with the fairness issues when it comes to families selling their homes to pay for their care, caps, house prices across the country etc. She did state not enough has been paid in and we can't keep tinkering around the edges.
So, as this is to come from workers only, do you agree with such a system? Would it provide fairness? if so, fairness to whom?
It's costed out at around £10bn.
None of this using your own wealth to pay for your care, not from anyone.
75p a day is based on a worker earning £25,000 a year, so £273 a year extra from a paypacket. It's suggested this money is taken from income tax, under a new title. It's not to be taken from any other taxes. It's to start in 2018-20 in order to allow people to plan, and she believes this is affordable to all.
That was the idea from one influencial women just approaching retirement to deal with the fairness issues when it comes to families selling their homes to pay for their care, caps, house prices across the country etc. She did state not enough has been paid in and we can't keep tinkering around the edges.
So, as this is to come from workers only, do you agree with such a system? Would it provide fairness? if so, fairness to whom?
It's costed out at around £10bn.
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Comments
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If I earnt £25k/year I'd not mind that....0
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PasturesNew wrote: »If I earnt £25k/year I'd not mind that....
You sure? £23 a month directly in order to shelter others from using their own wealth?0 -
The welfare state has been in existance for the best part 68 years so very few people alive now would have been of working age much before that came into being (even starting at 14 they'd be 82 now). On that basis if there is a shortfall affecting people in old age now, its because they paid insufficient tax over their working lives to put the public finances in a position to be able to afford free care on top of all the other calls on the public purse. So on that basis I don't fancy a 1.5% hike in income tax (which is what it amounts to) for the rest of my working life to bail out those who've already gained plenty from cheap housing and massive windfall gains on it.Adventure before Dementia!0
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like we need to complicate the taxation system further?
why shouldnt the well off pay for their care,or if they dont want to then why cant their families look after them?0 -
For a moment I thought this was an appeal for you to have a house from others donations0
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moneyinmypocket wrote: »For a moment I thought this was an appeal for you to have a house from others donations
Don't think your attempt to make me look stupid has quite worked here...0 -
Okay, so the jist of it is that a woman approaching retirement thinks it would be a good idea to take more money from people entering the workforce and trying to save a deposit to get their first step onto the property ladder so that she can keep her, probably huge, mortgage-free house when she comes to retirement.
Basically, not only are we taking more money from the young, but we're reducing forced sales at the top-end of the market which filters down to the bottom end, making starter homes more expensive.
If the government are spending £10bn, why not provide guaranteed loans to everyone in care homes and take a charge against their house as opposed to forcing them to sell it. That way, children could still stay in the house or they could even rent it out.
It could be set up so that the house doesn't even need to be sold upon death if family members still resided there - instead, the money would be repaid, with interest (at inflation) upon sale of the house.
There would be a condition that the family were not permitted to release equity from the house whilst the government have a charge against the house.0 -
marathonic wrote: »Okay, so the jist of it is that a woman approaching retirement thinks it would be a good idea to take more money from people entering the workforce and trying to save a deposit to get their first step onto the property ladder so that she can keep her, probably huge, mortgage-free house when she comes to retirement.
Basically, not only are we taking more money from the young, but we're reducing forced sales at the top-end of the market which filters down to the bottom end, making starter homes more expensive.
Yes, she can !!!! off.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
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Maybe I like to dream I'll have wealth I wish to shelter by that timeGraham_Devon wrote: »You sure? £23 a month directly in order to shelter others from using their own wealth?
In any case, I'd like to try to assure there's money for me to be looked after when I am unable to do anything for myself.0
This discussion has been closed.
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