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The party of taxation - Here we go hitting pensioners again!

(83 Posts)
Shropshirelass Fri 25-Oct-24 09:16:35

Well the conservatives tried to tell everyone what would happen and they were right! So now Kier Starmer wants to increase taxes on people who he considers are not working, i.e. landlords and those who have income from stocks and shares. A lot of pensioners (if they are fortunate enough and by working hard) have made provision by investing in both, the income used to purchase either or both of these assets whilst working hard has already been taxed and any income received is also taxed. The income received is part of planned retirement income. Here we go, already Labour has taken away the winter fuel allowance now higher taxing to reduce pensioners income yet again. They really don’t want anyone to provide for their old age do they? Also by introducing this tax, many landlords will increase rents or sell their properties thus affecting tenants and the availability of rental properties. Are Labour really so blinkered and short sighted. Many Labour voted are saying that they regret voting for them. I also acknowledge that some landlords still work but Starmer doesn’t class them as working people. It beggars belief.

growstuff Sat 26-Oct-24 21:01:39

David49

MaizieD

growstuff

Incidentally, surely anybody who has the profit from shares taxed has bought the shares from taxed income. Pensioners aren't some special case.

Of course, the 'earned' money 'invested' isn't taxed. The only element that is taxed is the interest or dividend. Which hasn't been 'earned'.

It's a thoroughly fallacious argument...

On most investments the capital growth is taxed as well, those that invest on a personal level get taxed heavily, the big money makers are the corporate investors, they pay very little tax because they can manipulate the finances. The company can buy houses, boats, aeroplanes, whatever you want, the UK can’t change that because it’s international, the ultra wealthy are very hard to tax.

Jeff Bezos of Amazon pays very little tax, some years he pays none and there are plenty more like him.

But it's the growth which gets taxed not the original investment.

mae13 Sat 26-Oct-24 21:03:32

Wyllow3

And.....yes, its fresh out of the Daily Mail headlines today.
Let's wait for the actual budget for those all so crucial details.

Generally speaking, the increases needed for the NHS and other facilities we all use, unless you have private health insurance, cannot be conjured out of the ether.

How do posters think we should raise the money?

OK Wyllow - we'll "conjure" the money out of the mega-rich. And yes indeed, they can afford it. Don't be taken in by the hand-wringing and the crocodile tears. For that matter let's squeeze the money out of the consortiums and hedge-fund set ups that run care homes for maximum profit and minimum care......

Dipsy10 Sat 26-Oct-24 21:08:49

problem is, it seems to me, we seem to be a country where we come down heavily on governments who fail to provide an adequate health/care services day after day: so many GN posts on difficulties getting help

but when it comes to paying for them, grumble again.

I wouldn’t mind quite so much if the money raised went into sorting the nhs rather than capitulating to resident doctors claims and giving a 22% pay increase without any effort to negotiate

Doodledog Sun 27-Oct-24 08:49:02

Isn't paying doctors so they are prepared to work part of 'sorting the NHS'? And how did this happen without any effort to negotiate? It was the previous lot who wouldn't negotiate - within days of taking power Wes Streeting met the doctors and negotiated a settlement.

I think you're right about being a nation of moaners though. Too many people want a free ride, and expect other people to work to pay for it.

Wyllow3 Sun 27-Oct-24 09:07:42

I suspect that discussions had been taking place with the BMA long before the actual election. The pay rise over 2 years was a compromise.
Have we forgotten so quickly the spring of constant strikes and their effect on us that would have just continued without a deal. We cannot afford to lose more of our doctors.
All eyes on the budget to see what can be done now for the NHS with such limited means.

madalene Sun 27-Oct-24 11:38:37

The junior doctors needed the pay increase, their pay had been held down for ten years and was massively reduced in value. There is no reason why doctors should have had to pay to reduce the overspend by governments by having less than fair pay rises.

mae13 Sun 27-Oct-24 18:12:19

Which government minister will utter the clichè "hard working families!".........so beloved of former chancellors? It always makes me think of Mum doing a 14 hour day in't mill, Dad slaving in a dreary office job like Bob Cratchit and the children consigned to earn a few shillings down the mine or shoved up a chimney by a merciless chimney sweep......