£10,000 proposed for everyone under 55

Bravepants

Could be a good thing. A step towards the Federation society in Star Trek, where people work because they enjoy it, contribute to society, and they don't use/need to make money.

Reaper

I can see practical problems

Anyone receiving the "dividends" would not be able to claim any tax allowances, which the RSA says would act as a disincentive to wealthier earners wanting to apply for the handout.

I have some VCTs and ISAs which grow tax free. If I accept the £10,000 do I have to start paying tax on them and will the companies who administer them have to start sending extra info to the tax man if I do?

sjp999

Bravepants wrote: »

Could be a good thing. A step towards the Federation society in Star Trek, where people work because they enjoy it, contribute to society, and they don't use/need to make money.

While I enjoyed every Star Trek incarnation I find myself giggling like a little girl every week watching The Orville.

prowla

Why on earth should they cap it at an arbitrary age and presumably that means that the over-55s have to pay for it?

TBC15

sjp999 wrote: »

While I enjoyed every Star Trek incarnation I find myself giggling like a little girl every week watching The Orville.

I find the depiction of science/ laws of physics a little far fetched.

TBC15

prowla wrote: »

Why on earth should they cap it at an arbitrary age and presumably that means that the over-55s have to pay for it?

Who says there will be any over 55s in this brave new world.

greenglide

. If the government cant afford to fund the NHS and other emergency services,

The government chooses not to fund the NHS and emergency services as well as education etc.

There are lots of alternatives to the current austerity that the present government loves so much.

JohnRo

Fear not, it'll all be fine, the NHS will soon be getting an extra £350 million a week and brand new Boris hospitals will appear in every town and village that waves the Union Flag with enough vigour.

colsten

JohnRo wrote: »

Fear not, it'll all be fine, the NHS will soon be getting an extra £350 million a week and brand new Boris hospitals will appear in every town and village that waves the Union Flag with enough vigour.

Don't forget we'll also have sunny uplands, blue passports, innovative jams and pink unicorns at the bottom of the garden.

colsten

mark1959 wrote: »

Well i'm offended.:eek: I'm over 55.:(

Agree, it seems a rather weird and arbitrary age limit. There's some attempt towards an explanation in the report but I don't think they have really thought this aspect through fully.

https://twitter.com/theRSAorg/status/964499126099546112