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

(82 Posts)
BlueBelle Fri 25-Oct-24 10:12:56

Exactly wyllow sone very short memories

Wyllow3 Fri 25-Oct-24 10:09:01

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?

ferry23 Fri 25-Oct-24 10:06:29

As any income and savings of pensioners are eroded, we shall soon all be eligible to claim Pension Credit, and then we'll get the winter fuel allowance as well.

Is this an economic cycle? grin

eazybee Fri 25-Oct-24 09:55:24

Yes, I knew a personal trainer in his thirties who was renting out his flat, living very frugally and saving to buy another property to provide some form of pension because he realised personal training is a precarious job with poor pension prospects. He certainly worked very hard.

madalene Fri 25-Oct-24 09:51:20

No surprises here. I’ve never thought Labour were a Party that cares about older people. I suspect they think many of them vote Conservative anyway.

ronib Fri 25-Oct-24 09:34:05

Yes it’s a bit strange that Starmer assumes that landlords don’t work. There’s a fair amount of admin and upkeep on properties as well as the need to keep rentals in full occupancy. Also there’s the small detail of how hard landlords worked to invest in a property portfolio too.
I think Starmer’s confused. Is he planning on a property slump when thousands of rentals are put up for sale? Does he have an end game? Or will landlords just keep increasing rent?

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.