Targetting the Over-Forties

Thrugelmir

antrobus wrote: »

NIC are payable on earnings, not income.

I'm not sure whether anyone has proposed levying NICs on interest, dividends, or indeed pensions.

Perhaps they should be if drawn before SRA. Levels the playing field between the haves and have not's.

triathlon

JayWalker wrote: »

MPs are threatening to tax the over-40s to pay for elderly care. Once again, they're targeting this age group because there's no point aiming at younger people and governments are scared to antagonise pensioners. We are the generation who were omitted over the savings benefits, so we are going to pay tax to fund the groups who got preferential treatment over ISAs, etc.

Why not tax pensioners who have more than we do? Why pick on this generation so much?

https://www.bbc.co.uk/news/health-44621047

I am all for this to be fair, we had free uni education and most of us now own our own home and if we don't then we are a doomed loosers who can expect to be paying rent the whole of our miserable lives, where are they going to find the money?

We want a better NHS, we want better roads, we want better public services, the only way we are going to pay for this is tax,

Graham_Devon

In my opinion, i understand and agree that taxes have to rise for the services we expect to receive in the UK. This has been a long time coming and we've had decades of spending more than is raised in tax.

I do feel though, before this happens and taxation is raised on the man on the street, government should have a massive cull. The money that is spent by the government, on the government and it's own people is eye watering.

Just this week there is a story about the Bank of England expenses. £100,000 parties, £350,000 travel expenses for Mark Carney (averaging £6,000 per trip made, most of them being an average of 2 days). This is on top of his £400,000 living expenses we all have to pay. Flying people first class from Chicago to London for a single meeting costs £16,000.

The government and the BOE are spending money like it's about to go out of fashion. There is room for massive cuts here. Use skype instead of a first class flight for an hours meeting. Others do it, including the Police, NHS and Military.

After that, start looking at raising taxes on the ordinary bloke on the street. But don't lower multi national business taxes at the same time.

We do need to pay for what we use, but we don't need disgusting amounts of money lavished on a few people who create the rules.

Sapphire

triathlon wrote: »

we had free uni education

No, they didn't. Only a small percentage of the generation you are talking about went to university, and those that didn't were not 'losers', as you so charmingly describe all those people who had now long-gone menial jobs, worked in now non-existent jobs in docks and factories, and so on. It may even surprise you to know that some of that generation even funded their own degrees later on in life. But that's just another 'inconvenient truth', isn't it.:cool:

kabayiri

Targetting the Over 40s is easy.

They are generally slower and present as bigger targets.

You just need good sights and scopes on your rifle

Jackmydad

Funny thing.
Some of us bought the

Idontgoto
University

tee shirt and have done OK thanks.
There's more to life than academic qualifications.

Jackmydad

Graham_Devon wrote: »

In my opinion, i understand and agree that taxes have to rise for the services we expect to receive in the UK. This has been a long time coming and we've had decades of spending more than is raised in tax.

I do feel though, before this happens and taxation is raised on the man on the street, government should have a massive cull. The money that is spent by the government, on the government and it's own people is eye watering.

Just this week there is a story about the Bank of England expenses. £100,000 parties, £350,000 travel expenses for Mark Carney (averaging £6,000 per trip made, most of them being an average of 2 days). This is on top of his £400,000 living expenses we all have to pay. Flying people first class from Chicago to London for a single meeting costs £16,000.

The government and the BOE are spending money like it's about to go out of fashion. There is room for massive cuts here. Use skype instead of a first class flight for an hours meeting. Others do it, including the Police, NHS and Military.

After that, start looking at raising taxes on the ordinary bloke on the street. But don't lower multi national business taxes at the same time.

We do need to pay for what we use, but we don't need disgusting amounts of money lavished on a few people who create the rules.

From those at the top with their business class travel for a meeting, right down to the blokes working on the roads, standing around leaning on spades. The whole "government" thing is one vast overspend end to end.

Spending other people's money is dead easy. Then when you've spent the money you have on jollies, and realise you don't have enough for the important stuff, what to do?

"Lets tell people we're upping the tax to pay for something worthy. The NHS or care for the elderly will do it."
"Phew, just for a minute there I thought we'd have to cancel one of our monthly "dos"
In Australia this month isn't it?"

buglawton

StevieJ wrote: »

Seems pretty obvious to me, extend the 'National Insurance' tax to pensioners. I am not sure why they don't pay it if they earn enough? Oh I just remembered, they are holding the govt to ransom :-)

Because they always turn up to vote?
Well I've got news for you: 40s to 60s also diligently turn up to vote. Not least because they are able to count some decades of taxes paid already and another few decades of taxpaying to go yet.
Oh yes and the over 40s also have voting age children who they can lobby to vote in a certain direction if a particular party comes up with a highly unwelcome idea.

kinger101

Jackmydad wrote: »

Funny thing.
Some of us bought the

Idontgoto
University

tee shirt and have done OK thanks.
There's more to life than academic qualifications.

Unfortunately, there's much more pressure on people to go to university these days. We're sending about half of post-18s. Ridiculous, as academically, many of them will be below average.

So whereas 30 years ago someone might have walked straight into a graduate job, we now have vast numbers of graduates working in jobs they need no degree for. And a shortage of people with technical skills.

LHW99

We're sending about half of post-18s. Ridiculous, as academically, many of them will be below average.

Pedantically, I think you would expect roughly 50% to be "below average" and 50% above.