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AIBU?

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Original poster

Emergency Budget

297 replies

Wouldloveanother · 23/09/2022 10:38

What are we all thinking?

www.bbc.co.uk/news/business-62920969

A discussion thread…

OP posts:
ancientgran · 23/09/2022 16:28

Wouldloveanother · 23/09/2022 12:30

I think choosing not to work, and being unable to, are very different scenarios that should be treated differently.

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Well lots of old people can't work and even if you can work beyond state pension age you can't do it forever. I work and I'm 69 but I'm becoming more and more aware that I won't be able to do it forever.

MissyB1 · 23/09/2022 16:33

RIPWalter · 23/09/2022 16:00

Many of the low wage earners your DH is 'subsidising' will be key workers providing services that are essential to your DH, even if he doesn't realises it, and this includes services not easily buyable no matter how wealthy.

And when you say "it's not fair", I may be a lowish earner (under the higher rate threshold), but I have personally saved someone's life, who was moments from death, in the last few weeks, my 12 hour shift yesterday finished 2 hours late (which is vastly better than 2 of my colleagues who finished 5 hours late at the weekend). So frankly it all depends on your definition of what is "fair". Why is your DHs time more valuable than mine? Is that just because historically that job has attracted a larger salary? Could that be because it is historically a male occupation? Or because you think he studied harder? Because I hate to break it to you but even poorly paid HCPs(band 5) are degree educated.

Your DH may think he's better than the zero hour contact minimum wage security guards, sub contracted by the NHS to keep the peace in A&E so that you, or your DH or your kids can safely received emergency care that you would struggle to access privately, but I disagree.

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Well said!! 👍

ancientgran · 23/09/2022 16:35

Leilu · 23/09/2022 14:32

Not really. Higher earners have been heavily subsidising everyone else, and will continue to do so, with their contribution just dropping a little bit.

Why should other workers spend more than five months of the year working to benefit other families before they start earning anything for themselves?

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Marie Antoinette didn't want to help the poor and look what happened to her. I think the well off have a good reason to want a decent life for everyone.

Cornettoninja · 23/09/2022 16:38

Many of the low wage earners your DH is 'subsidising' will be key workers providing services that are essential to your DH, even if he doesn't realises it, and this includes services not easily buyable no matter how wealth

that’s the logic isn’t it - You can forgo a higher salary and work for the benefit of society or you can work for a higher salary/bonuses and pay a higher proportion in tax. Some people even manage to do both. Those who forgo the opportunity to generate wealth whilst contributing to society in other ways shouldn’t be penalised because one demographic has got greedy.

sst1234 · 23/09/2022 16:42

After 25 years of economic mismanagement, people have been duped into believing that high taxes lead to a utopia. Rather than questioning what you get for your money, people are clearly happy for (other) people to pay more tax. If you are a sucker for punishment and don’t mind paying more tax for the state to largely waste it, then no this budget is not for you.

ancientgran · 23/09/2022 16:44

MsPincher · 23/09/2022 14:24

No but as a whole pensioners are wealthiest. Yet their pensions (and benefits— level of pension credit being tied to pensions) increase by far greater amounts than non pension age workers. Even though pensions are universal and are thus (a) very expensive and (b) being paid to some very rich people.

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I think we got 3.1% in April, alot of people in work got more. I think the NMW increase was more like 6% wasn't it.

As to pension credit you realise that very rich people don't get it?

LongLivedQueen · 23/09/2022 18:07

Correct. High earners work 20 weeks per year to subsidise those that don't work or on low salaries, and have done for years.How's that fair?

How is it fair that they are vastly over paid in the first place compared to essential workers?

Blossomtoes · 23/09/2022 18:12

MissyB1 · 23/09/2022 16:33

Well said!! 👍

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Indeed. Very well said.

Leilu · 23/09/2022 19:13

Ypsilanti · 23/09/2022 15:15

I’m saying that we should use the taxation system to ensure that all of the population benefit from a minimum, decent, dignified standard of care in old age. The kind of care that all of us would want our loved ones to receive. Not the provision (not ‘care’) that exists at the moment, and which is only going to get worse through the removal of the NI increase.

Money might buy you fancier surroundings, but it should not be able to buy you dignity, safety, peace of mind or genuine compassion. And let’s not forget that care workers are atrociously underpaid and should be receiving a living wage that recognises their work and importance. Don’t tell me that staff in a fancy Sandbanks residential home are earning any more than in the local authority one in the poorest part of Bournemouth.

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I was talking about someone paying for professional care in their own home. This will cost more than going into a nursing home, and we should neither stop anyone doing this or aspire to house every old person in a £10m house with private nursing staff.

Leilu · 23/09/2022 19:17

ancientgran · 23/09/2022 16:35

Marie Antoinette didn't want to help the poor and look what happened to her. I think the well off have a good reason to want a decent life for everyone.

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I’m sure they do want that, but you seem to want them to actually pay for it as well, which is not reasonable.

Higher earners should be taxed to ensure no-one starves, or freezes, and to ensure that those unable to work are well looked after.

They should not be taxed even more to buy other families luxuries.

Leilu · 23/09/2022 19:18

Cornettoninja · 23/09/2022 16:38

Many of the low wage earners your DH is 'subsidising' will be key workers providing services that are essential to your DH, even if he doesn't realises it, and this includes services not easily buyable no matter how wealth

that’s the logic isn’t it - You can forgo a higher salary and work for the benefit of society or you can work for a higher salary/bonuses and pay a higher proportion in tax. Some people even manage to do both. Those who forgo the opportunity to generate wealth whilst contributing to society in other ways shouldn’t be penalised because one demographic has got greedy.

Your definition of greedy doesn’t match mine. Taking money off someone else, that you haven’t worked for, because you want nice things sounds pretty greedy to me.

RIPWalter · 23/09/2022 19:25

Leilu · 23/09/2022 19:18

Your definition of greedy doesn’t match mine. Taking money off someone else, that you haven’t worked for, because you want nice things sounds pretty greedy to me.

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I'd say greed is expecting somebody else to earn a pittance in comparison to you whilst working nightshifts, so that you can have nice things, like pain relief in an emergency, or to be cut out of your car wreck in a pitch black muddy ditch.

mumda · 23/09/2022 19:26

If they'd have upped the tax allowance that'd have been lovely

Leilu · 23/09/2022 19:26

RIPWalter · 23/09/2022 19:25

I'd say greed is expecting somebody else to earn a pittance in comparison to you whilst working nightshifts, so that you can have nice things, like pain relief in an emergency, or to be cut out of your car wreck in a pitch black muddy ditch.

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Why would you make such a silly assumption about what I want people to be paid?

PaperTyger · 23/09/2022 19:34

Can someone explain the tax cut..
I'm on min wages and just over 1300 threshold, how will this affect me?

Luxurysleuth007 · 23/09/2022 19:36

RIPWalter · 23/09/2022 19:25

I'd say greed is expecting somebody else to earn a pittance in comparison to you whilst working nightshifts, so that you can have nice things, like pain relief in an emergency, or to be cut out of your car wreck in a pitch black muddy ditch.

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Pretty much this ^^^

RainingRubies · 23/09/2022 19:42

Are you? I hope you'll be similarly pleased when you don't get much of a pension.

Have the tories forgotten that they do actually need tax money to, you know, pay for shit?

The NI rise that was reversed was supposed to pay for social care/ NHS, not pensions.

Kennykenkencat · 23/09/2022 19:49

Whammyyammy · 23/09/2022 13:08

I'm.sorry that happened to you/your pension. But you still recognised that the state pension is a pittance and made provision for it.

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I made provision for it then someone took it all away.
I don’t even know if CB was in my name or dh’s because I probably won’t get a pension if Dh put it in his.

EngTech · 23/09/2022 19:55

If you keep taxing the rich, they vote with their wallets and go to other more tax friendly countries.

The Tax Man then looks around to see who they can get taxes from

Those people who are now the New Rich i.e. The average man / woman in the street

Be careful what you wish for 😳

Blossomtoes · 23/09/2022 19:58

If you keep taxing the rich, they vote with their wallets and go to other more tax friendly countries.

They don’t though. If they did this tax cut wouldn’t be possible.

MargeSampson · 23/09/2022 20:04

It's good that people get to keep more of their earnings.

Why should workers get so much taken from them, I'm not fussed about those claiming benefits, plenty of well paid jobs available for those who moan they can't find one.

Luxurysleuth007 · 23/09/2022 20:04

So in a nutshell then, the UK economy is completely fucked. The Pound has plunged to new depths and the markets have shit the bed. I have a real genuine fear the wheels are going to come off this winter.

Leilu · 23/09/2022 20:05

Blossomtoes · 23/09/2022 19:58

If you keep taxing the rich, they vote with their wallets and go to other more tax friendly countries.

They don’t though. If they did this tax cut wouldn’t be possible.

But they do. DH has been tax resident elsewhere for a fair few years and is likely to move his tax residency back now.

Of course people take the tax into account when deciding where to base themselves. I’m looking at a job in Milan at the moment, and the far lower tax rate there is obviously appealing.

Cornettoninja · 23/09/2022 20:05

RIPWalter · 23/09/2022 19:25

I'd say greed is expecting somebody else to earn a pittance in comparison to you whilst working nightshifts, so that you can have nice things, like pain relief in an emergency, or to be cut out of your car wreck in a pitch black muddy ditch.

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Quite.

Although my initial reference was directed at those a bit further up the pole than that.

Eastangular2000 · 23/09/2022 20:05

PaperTyger · 23/09/2022 19:34

Can someone explain the tax cut..
I'm on min wages and just over 1300 threshold, how will this affect me?

It won’t really because you don’t really pay income tax