To reduce hours when labour win election

[Parttimeplay]

I fall into the “60%” tax bracket. With the upcoming elections and knowing the government always hammer the middle ground….woudlnt it make more sense for me to cut my hours for a more relaxed life, eligibility for childcare, reduced tax?

Yes, I mean the parent survey that even the organisation that carried it out admitted was not representative and should not have been extrapolated to the entire population of private school users.

Although, of course, the Daily Mail failed to print that very important context because the Daily Mail is in the industry of keeping its readers scared and outraged, not informed.

https://taxpolicy.org.uk/2024/06/02/independent_schools_misleading_vat/

Nearly 54% of people in the UK receive more money from the government than they contribute!! That’s the main issue in the UK!! How on Earth have we created a situation when the majority are drains on the state??!

It’s galling to pay yet more taxes, especially when it’s on educating children. Reducing working hours, utilising your full pension allowance makes the situation more palatable. There’s no point striving for more.

This policy will fail economically. Even when people like me pay the school fee VAT and now proactively look for ways to reduce my tax bill.

Nearly 54% of people in the UK receive more money from the government than they contribute!! That’s the main issue in the UK!! How on Earth have we created a situation when the majority are drains on the state??!

I agree this is outrageous especially as it's the situation after a long time of Tories in power. You need to refocus who is the drain though.

What has happened is that businesses have been allowed to pay way below a true market rate because the state (again, lets remind ourselves the conservative state) has interfered with the market by subsidising low wages via tax credits.

In effect our taxes (and I am a huge net contributor I pay around 50k a year in incomes taxes alone) are being rediverted as a subsidy to companies' shareholders. If they cannot operate while paying a living wage they should be allowed to fail.

Most working beneficiaries of tax credits are not a drain at all in reality they are just part of a system that has been set up to subsidise big business. The benefits are a top up of wages that really benefits the wage payer as they can reduce the expenses of running their business.

It may be this is ok and as someone heavily invested in stocks it may even be a net benefit to me but let's be open eyed about what it actually going on here. It is extremely counter to an actual conservative free market style economy.

Again, this is equating contribution with tax.
If you double a nurse's pay, they become a net contrbutor and if you halve it they become a net taker. Does this make sense?

Is that at any one point, 54% are contributing less than they put in or is it 54% will contribute less than they put in across a lifetime?

@MagnetCarHair it’s a report produced by the Office of National Statistics. Those figures were for the financial year ending 5th April 2022.

So in that year, more people took money out than put money in

Indeed. There are scare stories about only 50% of people working. But then you consider pensioners, under 18s, full time study etc and it makes sense.

So potentially, in one year, 54% of people are taking out more than they put in but it's possible far more might be net contributers over a lifetime? I'm not pretending that I know that's the case, I could be entirely wrong.

Are the costs to society of children - childcare/education/ healthcare - attributed to their parent's 'debt' in this equation?

Nearly 54% of people in the UK receive more money from the government than they contribute!! That’s the main issue in the UK!! How on Earth have we created a situation when the majority are drains on the state??!

A large proportion of that 54% are pensioners. What do you expect them to do? Die quicker?

What about kids, is it time to start sending those little buggers up chimneys again? Finally we'll get the return to Victorian values that Thatcher promised us.

Whoever ends up being the government, if they are able to turn things around. Its going to take a lot longer than 1 term in government to do that. If Labour wins, they need to be given the chance to rectify as best they can. Otherwise after 1 term, people aren't patient and will just vote Conservative back in. Which I think is what Conservative are banking on!

That statistic only relates to actual cash received or paid out. When you consider how many contribute enough to cover their share of services the figure plummets to just below 20%.

Any society where 80% of households are in some way subsidised by the other 20% is going to have significant funding issues.

I think it is pretty standard in every society for the bottom 80% to be dragged along / carried by the top 20%. This applies to leadership, innovation, organisation, skills, etc.

Britain's problem is that rather than the top 20% paying for the bottom 20%, with the middle 60% paying for themselves, we've ended up with a system where the top 20% are paying for the entire bottom 80%.

The burden is too great. Taxes are too high and it still isn't enough without grotesque government borrowing.

Something has to give and I think it will be the welfare bill. People will be expected to get out there and earn their own keep - including all the people rinsing out PIP, DLA and Carer's allowance for invisible/self-reported illnesses.

Ha ha ha. I said the same but I said I’d eat my hat!! We can sit down together and have two course meal and cool our feet on the cold ground while he’ll freezes over and watch the airborne hogs go by! 👒 👟

Dragging along? Jesus Christ. Do you remember exactly who we all relied on during the pandemic? The problem is that those lower income roles are under valued and underpaid which means government help is then needed. If you watch a good single mum you will see HUGE amounts of leadership, innovation and organisation skills. Way more than idiots like Boris who you would class as someone ‘dragging along’ the rest. Honestly. You sound like Russian bot you are being so outrageous. How do expect anyone to take your views seriously?

Well and what was wrong with workhouses? Hang a few criminals and that will help the tax burden - a bit of free entertainment too.

No real stats are based on what the Daily Mail ! say.
Anyone interested in this policy and half a brain isn’t going to take any notice of that.

statisticians are estimating somewhere between ISC figures and Labours figures as a reasonable expectation
Labour 3%-7%
ISC figures of those on bursaries so not how many will leave but those getting financial support @21%.

The mid road = 13%
From reports I read a while ago I recall most are looking at 10%-11%.

( that’s those leaving and not those who will chose an alternative to their preferred choice, which is estimated as higher )

That’s even more depressing @Charlie2121

I wouldn’t say “dragging along”, but definitely “propping up the masses who are largely ungrateful” 😂

I’m fed up with being a net contributor and especially irritated by the “entitled to” website.

It will only get worse if you earn a lot and take nothing. I just asked DH if he would consider a move to the Middle East for a few years or even Hong Kong where it’s a flat rate of 15% income tax. We’ve got friends having the same discussion, although they’re looking at the US.

I think people will start to change behaviour. It’s an unnecessary hit for mere political gain

So you don’t think that the people who work their fingers to the bone for minimum wage, to get your food on the table and your goods delivered to your door, keep your hospitals clean and take care of your kids, deserve to have a decent quality of life?

Bye.

This stops working though as the tax burden is still there and needs to be paid

Other people have to pick it up.

If I was a higher earner FT NMW workers wouldn’t bother me at all, I would be happy to contribute to the top ups. It would be the people who work the bare minimum and claim ‘because I would love to work full time but want to pick my kids up from school’, or the perpetually anxious who conveniently have no issues going on holiday but definitely cannot work, cough.

The main burden is pensioners.

@Spaghettily of course you need blue collar jobs. Our entire family business (I don’t work for the company until I take over running it) employs hundreds of such roles, all incredibly hard working people performing key worker jobs.

What the country needs is more people working and supporting themselves with less reliance on the state. Hence, the entire shit show of public services. Too many people using the infrastructure, not enough people paying to support the infrastructure.