So sick of hearing about tax increases

[Imjustwonderingnow]

I don't want to be taxed more - I pay a shitloaf already while big companies like Google and amazon get away with paying next to nothing. Nothing I can likely do about it but I'm concerned about the fallout for people all over when taxes increase. I'll manage - of course I will and so will many. But something isn't right if the top 0.5% won't get affected but the 9% that pay 60% of taxes will. Why do you think successive governments haven't dealt with tax for big corporations? If you are an economist or know a bit about this I'd love to know your perspective.
And once taxes are raised that's it - it won't come down again... unemployment is at 5 % already - its a catch 22 ... just ugh - needed a moan (sticks head in sand because what else can you do )

I’m not any more, although I was in the past. However, my partner is. Am I now allowed an opinion?

Has anyone defined the term yet anyway? Starmer and Reeves seem to be aiming to include teachers and police in tax hikes.

This government won't be happy until the few remaining tax payers are paying 75% tax so that the feckless can have 3+ children that they can't personally afford.

Did you take a risk and set up a business?

I suppose then my next question is how are you defining ‘high earner’? You were one and your husband is one, you’re saying. What’s a ‘high earner’ to you?

We are already there!
The top 25% of income earners pay 75% of all income tax receipts, the top 1% pay 30% and the top 10% pay 60%.

Meanwhile 35% pay no income tax at all.

This government won't be happy until the few remaining tax payers are paying 75% tax so that the feckless can have 3+ children that they can't personally afford.

This is utter rubbish though. Hardly anyone has 3 dc now & birth rates won't change due to the lifting of the 2 child cap. Look at birth rates in other countries.

The top 25% of income earners pay 75% of all income tax receipts, the top 1% pay 30% and the top 10% pay 60%.

@1dayatatime is this just PAYE?

Not it's not just PAYE but all income tax payers:

https://ifs.org.uk/taxlab/taxlab-taxes-explained/income-tax-explained#:~:text=Download%20the%20data,-Share:&text=The%20top%2010%25%20of%20taxpayers,35%25%20in%201978%E2%80%9379.

In England and Wales, mothers in the 10% most deprived areas account for a higher percentage of live births compared to mothers in the least deprived areas.

For example the number of live births to mothers in the 10% most deprived areas in England was 12.7% in 2021, while it was 8.0% for mothers in the 10% least deprived areas.

In short poorer mothers tend to have more children.

@1dayatatime but when is that statistic from & what are the actual numbers? Is it the same as saying lifting the 2 child cap will result in the feckless having 3 plus dc? Other countries have used much higher financial incentives & birth rates have not changed.

I think this is because people in the lowest 10% of earners are often able to access social housing (so stable home) or buy cheap properties in the North (stable home). Many will also be recent immigrants where family sizes are traditionally larger. The mother (or often both parents ) is usually at home so no child care costs. Three or more children is very doable.

Those “high earners” (£52000+) in the SE who are stuck in rented accommodation or spending every penny on mortgage and commute cannot allow themselves the luxury of having children. And if they do are then lumbered with massive child care costs which consume an entire after tax salary. Hence the fact that London is becoming a child free zone and schools are closing.

From a societal point of view, is it better to allow this situation to continue as it is? Or should we be encouraging more “high earning” families to reproduce?

Can you signpost me to how to report?

Or somebody else fucks up (Panorama editor/producer) and a senior person loses their job (head of BBC). Happens everyday in senior roles—their neck is on the line. My company changes C-Suite members like nothing I’ve seen before… “we have amicably decided to part ways with X.” Sure you did.

There is a huge risk to be in these roles.

There is also higher turnover of life partners, and the desire to have a child with subsequent partners to “cement” the relationship.

The size of the state is the problem.

If we confiscated all the wealth of all the billionaires in the UK, it would pay for public services for six months. Then it would run out.

To those on the left who are super keen on wealth taxes, can you explain what your long term plans would be?

It’s 2 weeks away & she’s already given loads of interviews

Yeah indeed that would be a dumb thing to do, but luckily nobody serious proposes such a thing. Most economists (Piketty, Zucman, Chang et all) target the problem of asset values growing faster than the real economy, and propose taxing these assets so the values grow at roughly the rate of the real economy, driving up the incentives to invest in actual things like innovation and industry.

But even the most modest proposals, eg 2% on 100 million and above, are of course met with hugely vituperative campaigns against. But think about it for yourself. Tax policy is, or can be, a tool for supporting our economy, incentivising productive activity and discouraging unwanted behaviours. The question is, what do you want?

I want trains that go at more than 15 miles an hour, clean water, affordable energy, effective reskilling for adults for our modern flexible labour market, support/incubators for new businesses, startups and innovation, opportunities outside London, and a way for the bright minds and ambitious people of this country to do well here, and not have to emigrate to the US like I may soon have to. What do you want? Do you think we're getting it right now? If not, what should we try to change?

I believe that drop in June wasn't caused by genuinely more appointments but clearing off existing lists and removal of those on them who went private/died.

I have always said hospitals should not provide food. It's supposed to be a medical service not meals on wheels. People could order in their own food.

When was the last time you or your family member were in hospital as an inpatient?

What you're saying is such nonsense that I won't comment.

Try to google % of NHS budget spent on food.

We have a lot of inefficiencies in NHS, I do think it's crying for a good management with private business background. Asking patients to source their food is not one of these areas.

Holy shit - that seems disgraceful

But she hasn’t actually said anything in any of these interviews…

Tax increase - unhappy but accept it’s necessary.

Tax increase whilst lifting the two child limit does give me the rage.

So what makes you think she’ll bail at this late hour.