“Tax the wealthy” (RR budget) what does this even mean?

I get where you’re coming from with that, but that isn’t how stamp duty is currently worked out so I don’t think there’s any reason why the gov would see that a new tax would “need” to be done that why either.

Not to set one region against the other because the whole idea is completely appalling. But at least down south you have the equity in your house. Very few people could ever move down south from the north east. And prices are the same in the shops. It's just a much poorer region.

Anyway I don't want to argue about this specific thing as otherwise Rachel Reeves will be dividing and conquering!

I didn't necessarily disagree with this as a policy but they went about it all wrong.

There was no notice or warning and it was introduced at the start of the most expensive months - during a period of very expensive energy costs.

Tell people in April. Let them save to cover it over the summer.

Make the cut off reasonable. Instead it set the 'saved nothing and get pension credit ' against the 'worked and saved but get a private pension only a few pounds over benefit thresholds' directly against each other.

And so even for better off pensioners it became symbolic of the fail to provide for yourself and we'll do it but sod the rest of you attitude. Which is what we are now all fearing with every budget.

About as well as it will go down in the south.

When did you last get a payrise and how much is your pension?

Troll hunting is banned on MN. If you have any reason to suspect someone isn't genuine then report using that function.

Otherwise either contribute or keep quiet.

That would go down well up north 🤣

Any company that makes 10xprofit more than the lowest paid salary of the companies worker should be taxed heavily, so the aim would be to bring everyone who is employed by that company up the line at scales so they get to keep more of the profits. It’s not right company’s are making millions in profit but have minimum wage workers.

She wants to raise a lot of money, so she will need to tax a lot of people. That doesn’t just mean the rich as there aren’t enough of them.

Pretty good pensions though! Can't get those in the private sector. We will all be on the hock for that liability for generations.

As would charging corporations more tax. Lots of people seem to conveniently forget that the largest shareholders which they love to hate in large corporations are their own pension funds.

Typical socialism. What you think is yours actually belongs to the state. And they decide how much you can keep (and what you are allowed to spend it on. Certainly not your child's education)

Oh bore off - public sector workers are taxed the same as everyone else and largely do jobs that are essential - almost all local authority spend is on social care, education and homelessness

What?

What about people who ‘hoard’ their talent, their risk appetite, their entrepreneurial nature, their willingness to study hard, to work long hours, to sacrifice their personal lives for their chosen profession?

Should they be penalised, punitively?

That would just mean wrecking everyone's pensions.

Remember we have to pay up for Chagos to make sure that the Mauritians can reduce their income tax rates. We may have to pay more income tax as a result. But that's Keir Starmer's negotiating skills for you.

Of course they do. I'm not sure it makes sense to tax corporations more. We need business to be based in the UK. Given that most large corporations are owned by pension funds, we might as well just tax the pension funds directly. Maybe there should be a levy on pension funds invested outside of the UK to drive more internal investment

It's pretty hard to take. This government doesn't work in the interests of people who work in the private sector. We've been written off in favour of making public sector workers like traindrivers richer and piling on the debt for their pension liability.

I think it would need to be regionally adjusted, so a house over £500k in south might be £300k in the north .

Hard agre with this - a total overhaul that fully considers human behaviour is needed. At the moment the system penalises success. Make it not so.

Sadly, RR and co will not have courage or the support of their benches for radical reform.

It means "rich" people earning about 60k+ will be paying through the nose for other people to sit about on PIP because they have "anxiety", basically. If they do this I'll be looking at reducing my hours. I'd literally rather burn my money than fund grifters

Probably houses over £500k, smaller landlords, people earning over £50k, savings, inheritance tax but mainly affecting those with assets about £300k-2mil. It won't be the large companies like Amazon and other tech companies as a lot of those are American so difficult to tax without repercussions. So mainly middle class as they are easy targets, especially those working in the private sector

I hope it doesn’t include a tax on houses over £500k as that wound be so unfair, with massive regional disparities in house prices. People in the south are already spending so much more of their income on housing than others in cheaper regions. How does it follow that they have more available to pay in tax? For that to be true you’d need to look over the £1.2 million mark surely.

Not sure there are any "Tory bots" left these days. There are an awful lot of people who don't like this government though.