Surely we must pay more taxes!?

Not a pleasant comment PN.

Barleyfields

Not a pleasant comment PN.

It's really not. It comes on the back of a comment to me that was deleted for its offensiveness.

People should be able to disagree without being subjected to offensive and unnecessary nastiness.

pascal30

PoliticsNerd

I shall leave this to those who keep returning to rather pharisaic posting.

wow I haven't seen that word used on here before...

Me neither, but it's a goodie, isn't it? 😂😂😂

A new Gnet insult.

It's an excellent word. I had to google it, but shall add it to my list of 'words I might use one day' .

Doodledog

Barleyfields

Not a pleasant comment PN.

It's really not. It comes on the back of a comment to me that was deleted for its offensiveness.

People should be able to disagree without being subjected to offensive and unnecessary nastiness.

But, it appears, no one IS allowed to disagree with the belief in MMT. The rule by which, it seems, our souls will be saved.

I'm happy for it to be introduced and discussed but surely the length at which this theory is preached in every possible thread has worn a little thin.

So, as I said, I will leave the interesting subject of whether we should be paying more taxes and find something else to do, at least for the next while.

Doodledog

It's an excellent word. I had to google it, but shall add it to my list of 'words I might use one day' .

and clever in the context if referring to the Pharisee money lenders in the Temple.. though I don't really think it applied to Maisie particularly

PoliticsNerd

Doodledog

Barleyfields

Not a pleasant comment PN.

It's really not. It comes on the back of a comment to me that was deleted for its offensiveness.

People should be able to disagree without being subjected to offensive and unnecessary nastiness.

But, it appears, no one IS allowed to disagree with the belief in MMT. The rule by which, it seems, our souls will be saved.

I'm happy for it to be introduced and discussed but surely the length at which this theory is preached in every possible thread has worn a little thin.

So, as I said, I will leave the interesting subject of whether we should be paying more taxes and find something else to do, at least for the next while.

Interesting timely subject.

Seems there is no logical answer - agreeable to all.

There won't be, Norah, as MMT is just a theory. It is presented as fact in the same way that a Marxist might present the exploitation of the proletariat by the bourgeouise as a fact. It is, to a believer.

This is from tax service.co.uk, showing how tax was divided up last year.

www.tax.service.gov.uk/annual-tax-summary/no-ats?taxYear=2024

We are constantly told that taxation doesn't fund spending, so what is this about? I intended to post a screenshot, as the link might not work if you are not logged in, but they still seem to be disabled.

Of course we must all pay more taxes. I’m sick of the moaners who think the NHS, Education, Police etc run on air. That potholes heal themselves and the bins empty themselves.

This is why we are in the mess we are in. Everyone needs to pay up; the wealthy too. They are often paying less pro-rata.

The Numpties that have replaced the Totally Incompetents who in turn replaced The Good Old Boys need to get to grips with reality. The majority of the public know taxes must increase - especially in view of the idiot(s) in the WH and the Mad Man in the Kremlin .

Doodledog

There won't be, Norah, as MMT is just a theory. It is presented as fact in the same way that a Marxist might present the exploitation of the proletariat by the bourgeouise as a fact. It is, to a believer.

This is from tax service.co.uk, showing how tax was divided up last year.

www.tax.service.gov.uk/annual-tax-summary/no-ats?taxYear=2024

We are constantly told that taxation doesn't fund spending, so what is this about? I intended to post a screenshot, as the link might not work if you are not logged in, but they still seem to be disabled.

I understand.

It seems very odd that everyone seemingly must subscribe to MMT - when not everyone does. It does seem there is no logical answer to the tax situation - agreeable to everyone.

Hypocritical, a new word, accepting the status quo would that be accurate?.

The global financial system is biased in favour of those that have wealth, democratic nations have to live with that, which would probably work if economics was the only policy factor.
Very often political gain is given priority.

Hypocritical, a new word, accepting the status quo would that be accurate?

I'm not sure I know what you mean by this. Who or what is being hypocritical, and since when was it a new word? And who is accepting the SQ? Sorry - I'm not sleeping well, so am probably missing the obvious.

Furret

Of course we must all pay more taxes. I’m sick of the moaners who think the NHS, Education, Police etc run on air. That potholes heal themselves and the bins empty themselves.

This is why we are in the mess we are in. Everyone needs to pay up; the wealthy too. They are often paying less pro-rata.

The Numpties that have replaced the Totally Incompetents who in turn replaced The Good Old Boys need to get to grips with reality. The majority of the public know taxes must increase - especially in view of the idiot(s) in the WH and the Mad Man in the Kremlin .

I don't think we can all pay more taxes.

I would agree that we all need to pay National Insurance (with credits for those who can't afford it, as we do now). Even if those who are over the State Pension Age (SPA) pay only a proportion of what they should, they should still contribute.

After that, we are looking at two different areas: local and national taxation. My suggestion for local taxation is to implement a land tax. The current council tax system is very flawed, and the figures it's based on are completely outdated.

I would not suggest more borrowing, as this only perpetuates the trend of the rich getting richer, the middle class being squeezed, and the poor becoming ever poorer.

Instead of borrowing, I propose a surcharge on the "passive" income of the wealthy - specifically, the top 1% or top 5%, or similar. This approach will generate funds to support growth, including increasing incomes at lower levels. We need to address the damage caused by 14 years of a government moving increasingly to the right, which, although not as abrupt as Trump's "smash and grab," has quietly transferred wealth to the already affluent while squeezing the poor to levels we haven't seen for decades.

Going forward, we need to review our tax system altogether, eliminating government-created "tax escape routes." In doing so, we should ensure that if your passive income originates in the UK, you pay taxes on it in the UK, regardless of where you choose to live.

Always easy to say if you’re not in those top percentiles PN.

I doubt that view will garner much sympathy with the majority of voters Barleyfields

Of course it won’t. But PN’s suggestion is the same old same old which never happens.

Casdon

I doubt that view will garner much sympathy with the majority of voters Barleyfields

No that view won't Garner support from everyone - nothing will. However, it seems an approach that attempts to give everyone something they desire rather than a Robin Hood approach might work.

Barleyfields

Always easy to say if you’re not in those top percentiles PN.

I am sorry if you feel this will affect you Barleyfields but the wealth of the UK's billionaires has skyrocketed by over 1000% between 1990 and 2022, ballooning by around £600bn.

Would you like to tell me where this money goes?

Norah

Casdon

I doubt that view will garner much sympathy with the majority of voters Barleyfields

No that view won't Garner support from everyone - nothing will. However, it seems an approach that attempts to give everyone something they desire rather than a Robin Hood approach might work.

Thank you Norah. I try but it is an ongoing debate.

I didn’t say whether or not I would be affected PN and as I’m not a billionaire how do you expect me to tell you where billionaires’ money goes? However, their money, not my business what they do with it.

PoliticsNerd

Norah

Casdon

I doubt that view will garner much sympathy with the majority of voters Barleyfields

No that view won't Garner support from everyone - nothing will. However, it seems an approach that attempts to give everyone something they desire rather than a Robin Hood approach might work.

Thank you Norah. I try but it is an ongoing debate.

I didn't say I agree with your approach.

I don't prefer a Robin Hood approach, I don't worry to wealth inequality. I'd think personal allowance could change to £20k, additional rate could be 50-60%. Perhaps CGT collected on home ownership transfer.

I also think IHT is too low, considering current prices of assets.

My worry is that wealth inequality is pushing people towards extremism. Those who have no choice but to work and pay taxes see others not working and not paying, and resent it. It tends to be the sick and disabled who lose out when it comes to getting more money from taxation, when there should (IMO) be other targets. Most people are happy enough to contribute their share if they see it as fair.

Norah

PoliticsNerd

Norah

Casdon

I doubt that view will garner much sympathy with the majority of voters Barleyfields

No that view won't Garner support from everyone - nothing will. However, it seems an approach that attempts to give everyone something they desire rather than a Robin Hood approach might work.

Thank you Norah. I try but it is an ongoing debate.

I didn't say I agree with your approach.

I don't prefer a Robin Hood approach, I don't worry to wealth inequality. I'd think personal allowance could change to £20k, additional rate could be 50-60%. Perhaps CGT collected on home ownership transfer.

I also think IHT is too low, considering current prices of assets.

Increasing the personal allowance without raising the percentage paid in tax would benefit middle and high earners, in some cases more than the very lowest earners.

Yes, everyone earning over £12.5k would get a tax cut if the nil rate rose to £20k.

Doodledog, Most people are happy enough to contribute their share if they see it as fair. The question is - what is fair for everyone.