Wealth tax, where “wealth” is over £100k pa PAYE. After all someone has to pay for the motability scheme, PIP and the person who can’t work due to stress of their pet hamster dying 20 years ago. And it’s going to be the usual suspects who pay…again!
denyer-no1-fan on
Can they please fix our insane [marginal tax rate system](https://taxpolicy.org.uk/2024/03/10/infographic_marginal_rates_2024/)? A parent with children and student loan will be paying 51% in marginal tax for income between £50k and £60k and 67% for £60k-£80k! It’s part of why young families are struggling to move from rental to a mortgage.
Commercial-carrot-7 on
It started with no tax rises, then no tax rises on working people, then employer NI isn’t a tax on working people, now we’re at no tax rises on modest incomes.. and soon it will be no tax rises for unemployed people
Alive-Turnip-3145 on
Mark my words. They are going to attack pensions contributions. Middle earners for too long have been able to save and build wealth for their retirement. THIS LABOUR GOVERNMENT WILL TAKE BOLD ACTION, TO STEAL THE FUTURE OF YOUNG WORKING PEOPLE. Cause anyone saving money clearly has broad shoulders and their earned income MUST BE DISTRIBUTED.
TurnLooseTheKitties on
This is what happens when the country isn’t doing well.
We’re encouraged to fight amongst ourselves, so we don’t start making demands upon the broadest shoulders
Deacon86 on
Yeah, because they were forced to u-turn on some extremely tepid disability benefit reform, they now have to find some other way to balance the books. Their backbenchers won’t allow them to cut spending, the bond markets won’t allow them to borrow anything, so all that’s left is tax hikes.
CreepyTool on
Here we go. The left cannot help but sabotage itself. They are literally lubing us up for a Farage led government. And the horror that will unfold under that regime will make many here look back with nostalgia on Labour’s fairly modest benefit reduction proposals.
The UK cannot afford the level of state support we currently provide people. It’s as simple as that.
Intrepid_Solution194 on
Got to pay for the tax hole created by those with bleeding hearts for benefits scroungers.
I might just apply for PIP citing stress from taxes and get on the gravy train too.
SwooshSwooshJedi on
Labour so working class they’ve never heard of the rich before /s
Kind-County9767 on
We already have a top heavy tax system. Reality is the average person doesn’t pay enough to cover our services. Noones going to admit it but base rate +1%, ctg +1% is the real solution.
freemason6999 on
When will people wake up. We are taking money from productive people and giving it to unproductive people.
Strange_Awareness605 on
There is no middle class!!! Well it’s been squeezed to the brink. They’re just trying to pit the working class against each other instead of upsetting those elites who hoard the hundreds of millions! Cowards
Gone_4_Tea on
ELI5 why would a VAT rise not work. If I wanted to buy something that cost £100 I could pay £105 if food, kids clothes, utilities and other key essentials were exempt wouldn’t this be a fair way of clawing back some tax revenues from people with disposable incomes?
CurtisInCamden on
Great, more tax rises. That will fix the stagflated economy /s
coldbeers on
When did everyone not on a “modest income” also not become a “working person”.
Vote in haste, repent at leisure people.
LJ-696 on
Already cut my hours and pumped the pension.
You get jack all else out of me.
And I don’t care.
NobodyFar2204 on
I think we need to look at those paying themselves 12500 a year and giving themselves dividends ?
RedBerryyy on
Not against paying more taxes, but increasingly feels like this is a wealth transfer to pensioners as the country crumbles due to underinvestment , rather than shouldering a necessary burden to fix anything.
Lower-Main2538 on
We should not be taxing people on 100k. We should be taxing corporations and assets. No more landlords buying 10 properties. Increase council tax on multiple homes and they are not allowed to pass it on. Increase stamp duty.
Increase corporation tax and Ban loopholes.
Topaz_UK on
Get rid of the triple lock ffs
Don’t screw over the livelihoods of the young people that have yet to live their lives
20 commenti
Wealth tax, where “wealth” is over £100k pa PAYE. After all someone has to pay for the motability scheme, PIP and the person who can’t work due to stress of their pet hamster dying 20 years ago. And it’s going to be the usual suspects who pay…again!
Can they please fix our insane [marginal tax rate system](https://taxpolicy.org.uk/2024/03/10/infographic_marginal_rates_2024/)? A parent with children and student loan will be paying 51% in marginal tax for income between £50k and £60k and 67% for £60k-£80k! It’s part of why young families are struggling to move from rental to a mortgage.
It started with no tax rises, then no tax rises on working people, then employer NI isn’t a tax on working people, now we’re at no tax rises on modest incomes.. and soon it will be no tax rises for unemployed people
Mark my words. They are going to attack pensions contributions. Middle earners for too long have been able to save and build wealth for their retirement. THIS LABOUR GOVERNMENT WILL TAKE BOLD ACTION, TO STEAL THE FUTURE OF YOUNG WORKING PEOPLE. Cause anyone saving money clearly has broad shoulders and their earned income MUST BE DISTRIBUTED.
This is what happens when the country isn’t doing well.
We’re encouraged to fight amongst ourselves, so we don’t start making demands upon the broadest shoulders
Yeah, because they were forced to u-turn on some extremely tepid disability benefit reform, they now have to find some other way to balance the books. Their backbenchers won’t allow them to cut spending, the bond markets won’t allow them to borrow anything, so all that’s left is tax hikes.
Here we go. The left cannot help but sabotage itself. They are literally lubing us up for a Farage led government. And the horror that will unfold under that regime will make many here look back with nostalgia on Labour’s fairly modest benefit reduction proposals.
The UK cannot afford the level of state support we currently provide people. It’s as simple as that.
Got to pay for the tax hole created by those with bleeding hearts for benefits scroungers.
I might just apply for PIP citing stress from taxes and get on the gravy train too.
Labour so working class they’ve never heard of the rich before /s
We already have a top heavy tax system. Reality is the average person doesn’t pay enough to cover our services. Noones going to admit it but base rate +1%, ctg +1% is the real solution.
When will people wake up. We are taking money from productive people and giving it to unproductive people.
There is no middle class!!! Well it’s been squeezed to the brink. They’re just trying to pit the working class against each other instead of upsetting those elites who hoard the hundreds of millions! Cowards
ELI5 why would a VAT rise not work. If I wanted to buy something that cost £100 I could pay £105 if food, kids clothes, utilities and other key essentials were exempt wouldn’t this be a fair way of clawing back some tax revenues from people with disposable incomes?
Great, more tax rises. That will fix the stagflated economy /s
When did everyone not on a “modest income” also not become a “working person”.
Vote in haste, repent at leisure people.
Already cut my hours and pumped the pension.
You get jack all else out of me.
And I don’t care.
I think we need to look at those paying themselves 12500 a year and giving themselves dividends ?
Not against paying more taxes, but increasingly feels like this is a wealth transfer to pensioners as the country crumbles due to underinvestment , rather than shouldering a necessary burden to fix anything.
We should not be taxing people on 100k. We should be taxing corporations and assets. No more landlords buying 10 properties. Increase council tax on multiple homes and they are not allowed to pass it on. Increase stamp duty.
Increase corporation tax and Ban loopholes.
Get rid of the triple lock ffs
Don’t screw over the livelihoods of the young people that have yet to live their lives