Ed
@ebullienteddie
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Pensioners are by far our wealthiest demographic as a nation. Please explain why 2.3 million pensioners living in millionaire households should receive £300 every Christmas on top of £13k a year of free money. 40% of UK children live in poverty.
Unite has always been clear that any and all cuts to winter fuel are simply picking the pockets of pensioners while the richest in society keep getting wealthier. The decision should be fully reversed. Money should be found by introducing a #WealthTax. https://t.co/6BjwNJEpXU
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A pensioner with a 1k a month pension pot is better off than a person earning this much paying rent
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Poverty Olympics latest: earning just over twice the national average rent makes you rich
If you’ve got £100 a day to cover rent/mortgage, commuting, food, energy, insurance, childcare, and life’s small pleasures, you’re generally one of the richer people in society. We’re an increasingly poor country, and I don’t think people have quite grasped that fully.
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So after paying for my uni tuition that the boomers got for free, I now have to pay tax on my pension contributions when the boomers didn't, just to make sure that the boomers get an even more generous state pension with their final salary pensions, of which I will get neither.
🚨 NEW: Rachel Reeves will use the Budget to impose a £2k-a-year limit on how much salary can go into a pension before paying National Insurance The move will raise £2bn and hit salary sacrifice schemes [@thetimes]
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I know nurses' pay in the UK is pretty low, but they do at least earn more than $50 a year.
Tesla have approved a $1 trillion pay package for Elon Musk. That's 20 billion times more than a nurse in the UK earns. Don't let anyone tell you immigrants or disabled people are the problem. It's the richest 1% hoarding all the wealth. Time to tax the super-rich properly.
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@technopopulist mass support for capitalism ultimately depends on most people feeling they get something out of the system. if you are under 40, I think that will be hard.
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If you took the state pension away from millionaires, scrapped the triple lock and froze it till the end of the parliament, you would save enough money to scrap the 40p and 45p rates of income tax. So... yes it does work. You just have to be willing to cut benefits.
"You can't fund tax cuts with benefit cuts ... it frankly doesn't work." @LauraBeveridge7 broke down why Reform's economic plans make no sense on Politics Live this morning.
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Too few people generate a real contribution to fund public spending, and too many are net recipients of welfare vs taxes. Government needs to be more honest about the fact that the additional funding required for the triple lock and growth in PIP must come from taxpayers.
Income tax rises is a good option when spending is as massively high as it has become, because that conveys to voters the consequences of high spending & it creates a constituency for spending cuts since those will mean income tax can fall too.+
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In fairness, the Conservative governments of 2010-24 did massively raise the minimum wage, radically reduce taxes for the lower paid and increase taxes on high earners, and massively increased the welfare bill.
@tomhfh Just because the 2010-24 Conservative governments were run by useless, sexually incontinent fuckwits with more interest in defrauding the taxpayer and fucking people on government money doesn't mean they weren't right wing, Tom
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As much as "tax the rich" may feel like a fun thing to be left-wing about, there's a lot of people right now paying marginal rates of over 50% while living in rented accommodation because they can't buy a house.
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Once you start taxing people too heavily on their earnings (the treasury believes this tax rate to be 50% once you include NI), earners above this will look to avoid tax much more prudently - salary sacrifice, tax avoidance structures, and so on.
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Hi, I work in data, have a maths degree and am very much good at arithmetic. There's this thing called the Laffer curve which you'd understand if you knew economics. It's the tipping point, past which tax rises yield reduced rather than increased revenue.
Why are intelligent high earning people so bad at arithmetic? If I am asked to write something for £1000 and I pay tax of 60% on that fee I am £400 better off than if I say ‘no thanks there’s no incentive to do it’ https://t.co/huS77OmHqv just do the job work harder and pay the
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Gatsby is rather like Wolf of Wall Street, Fight Club and others where the main character is an obviously shitty person, but there are millions of men stupid enough to want to emulate them
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@pastasnack_e @mitsuhiko @HenryEOliver A parent of 3 under 5 in the UK going from a 60k job to a 125k job costs their employer nearly 75k extra (plus overheads), but the employee will pay an extra 32.5k in tax, lose 3k in child benefit, 5.9k in student loans, and the 23k left won't cover childcare.
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The new definition of working people means if you're a net contributor to the state, you're not a working person.
Income tax and national insurance unlikely to rise - as Sky News obtains definition of 'working people'. 🔗 Tap below to read more https://t.co/0Co5Sbgsj5
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If the only people left paying for a health service are the mostly healthy people who pay for everyone else's service via taxes, what's the point in introducing the charge? Just pay for everyone through taxes and be done with it.
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NHS prescription charges are a microcosm of introducing any kind of extra charging in UK healthcare. Either you create a financial barrier to healthcare for the vulnerable, or you introduce so many exceptions that the only people who pay for it barely use it anyway.
Never realised that when I pay for a prescription at a pharmacy that's only a 1 in 10 event. If you're under 16 or over 60, or in Scotland, Wales or Northern Ireland, or on universal credit, you don't pay, and that makes up 90% of prescriptions!
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"No representation without taxation." Limiting suffrage is always dangerous territory, but we are now in an era where 52% of the country is net subsidised by the state. How do we avoid this problem getting worse, given the obvious political motivation to do so?
@SAshworthHayes I would simply not allow governments to buy votes with welfare; anyone of working age who is not a net taxpayer should not have the privilege of voting.
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If this were true I'd be more likely to vote for it. The Tory party is a ramshackle mix of employment opportunities for posh Oxford grads with an overblown sense of self importance, and a vote left over from people who've voted Tory for so long they refuse to change on principle
The Tory Party. A social club of gay liberals looking for dates/socials masquerading as a political party. Stick a pin in it, it’s done.
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Setting yourself as the enemy of the rich because you overegg your working class accent and think it makes you somehow better than the middle or upper classes of Britain is why they won't listen to you. You're a conman, without the intelligence to know it's a con yourself.
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