Most Frightening Words

BucksLady

'It will be alright this time'.....

grey_gym_sock

for ppl complaining about taxes:

taxes are the price we pay for civilisation. do you hate civilisation?

Glen_Clark

jamesd wrote: »

"progressive taxation"
There's been a lot of "progression" of another sort: back in 1980 the top 1% of tax payers paid 11% of all income tax, today it's 30% of it.

Wage differentials have risen to the point where the average FTSE boss gets 183 times his average worker.
Income tax may have fallen, but its been replaced by stealth taxes like higher VAT which hit the poorest hardest. People who are below the income tax thresholds pay the full increased rate of VAT for example

Linton

jamesd wrote: »

I agree with the implicit nomination of "income inequality" as frightening words.

nicknameless, UK income inequality was the lowest it'd been for 25 years in 2013. Of particular note: "On average, the bottom three-fifths of all households received more in benefits than they paid in taxes".

That's 60% of households who have an incentive to vote for more government spending, knowing that on average they won't be paying for it.

Suggest you dont use the Daily Mail as a source of reliable information. Try some calculations based on the ONS data here. Table 14 gives it as deciles.

In summary, if we look at a few examples of the ratio between the top 10% and the bottom 10% in final income after wages, benefits, taxes etc:

1977 - 4.23
1987 - 5.29
1997 - 5.87
2007 - 5.85
2013 - 6.11

One could map that data onto which party was in power at the time...

Stevie_Palimo

My missus, Does my bum look big in this !!! , No darling you look lovely as usual.


The dreaded clothes shop to, Do you like this, Yes it looks good, Oh you are just saying that to be nice. !!!!

chucknorris

Are there any pilots on board, or anyone with any flying experience, if so, please come to the front of the plane immediately.

nicknameless

jamesd wrote: »

I agree with the implicit nomination of "income inequality" as frightening words.

nicknameless, UK income inequality was the lowest it'd been for 25 years in 2013. Of particular note: "On average, the bottom three-fifths of all households received more in benefits than they paid in taxes".

That's 60% of households who have an incentive to vote for more government spending, knowing that on average they won't be paying for it.

lol at the implicit misrepresentation

we can all pick a timepoint, such as the unprecented rise in income inequality in the 80s, which just happens to predate the above, but postdate your original point of reference from 1980.

nicknameless

Archi_Bald

Source of graph? How do the source define 'income inequality'?

pat_cashmoney

"let the market decide"