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Who would be a millenial?
Comments
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The standard working day ... was either 10.5 hours or 11.5 hours.
Should that be the new reference point?
Sounds like a good plan if millennials want to earn more money. Would you disagree?Exactly. The point was how much tax the very rich older people pay vs how much tax the young poor pay.
What most people don't realise is that many of the very rich pay more tax in a single year than the vast majority of people on this forum will pay in their entire working life.Every generation blames the one before...
Mike + The Mechanics - The Living Years0 -
Your earnings have to be fairly high to pay that 9p and going to university is a choice. If you are going to have 50% of population going to university compared to 5% someone has to pay for it, especially when a large number of those degrees are pointless.Exactly. The point was how much tax the very rich older people pay vs how much tax the young poor pay. In the old days the gap was larger. A 9pp higher tax rate is huge compared to the other differences in tax rates ie rich vs poor0 -
The very rich pay no tax at all as they are all non-dom.MobileSaver wrote: »Sounds like a good plan if millennials want to earn more money. Would you disagree?
What most people don't realise is that many of the very rich pay more tax in a single year than the vast majority of people on this forum will pay in their entire working life.Changing the world, one sarcastic comment at a time.0 -
You shouldn't believe everything in the tabloids. Most degress are still useful, that's why many jobs require them. And the threshold for repayment isn't high, it's very low.Your earnings have to be fairly high to pay that 9p and going to university is a choice. If you are going to have 50% of population going to university compared to 5% someone has to pay for it, especially when a large number of those degrees are pointless.Changing the world, one sarcastic comment at a time.0 -
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The very rich pay no tax at all as they are all non-dom.
This is just a myth.
If you're in the bottom half of earners you are very unlikely to be a net taxpayer once the Government services you consume are taken into account.
If you are in the top 10% then you pay something like a third or two fifths of tax plus are likely to take out less due to private health coverage and not using state education or childcare facilities.
The top 10%, most of whom live in London and the South East, basically keep the Socialist show on the road. If you want a welfare state then you need rich (mostly) southerners to pay for it. You can pretend all you like that the rich don't pay their way but it's rubbish, silly sixth-form politics.
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This is just a myth.
If you're in the bottom half of earners you are very unlikely to be a net taxpayer once the Government services you consume are taken into account.
If you are in the top 10% then you pay something like a third or two fifths of tax plus are likely to take out less due to private health coverage and not using state education or childcare facilities.
The top 10%, most of whom live in London and the South East, basically keep the Socialist show on the road. If you want a welfare state then you need rich (mostly) southerners to pay for it. You can pretend all you like that the rich don't pay their way but it's rubbish, silly sixth-form politics.
Hooray! Sense on the forums prevails.0 -
This is just a myth.
If you're in the bottom half of earners you are very unlikely to be a net taxpayer once the Government services you consume are taken into account.
If you are in the top 10% then you pay something like a third or two fifths of tax plus are likely to take out less due to private health coverage and not using state education or childcare facilities.
The top 10%, most of whom live in London and the South East, basically keep the Socialist show on the road. If you want a welfare state then you need rich (mostly) southerners to pay for it. You can pretend all you like that the rich don't pay their way but it's rubbish, silly sixth-form politics.
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How many high earners would there be without low earners?0
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