How will you look to mitigate Labour’s tax hikes? (Part deux)

[EverythingAllatOnceAllTheTime]

How will you look to reduce the impact of Labour’s seemingly endless (imminent) tax hikes?

In my sector, they might be given a chance at a junior level, but they would be out quickly if they didn’t shape up.

Many of the super rich pay tax rates far below that of you or i would do under a PAYE.

Just look at CGT on investment income, its just 20% and no NI for the wealthy.

So now they're unemployed again. But you want them to be in work. So, again, who should hire them?

Incorrect - there is a separate line for State Pension, line 4

That's the issue - they're unemployed again and state pays for them again. If they know there is no support and police is as effective as with riots, gradually they would be improvement of work ethics across the board

Good comment.

OK, so.

Define super rich.

Compare rates with other jurisdictions.

I agree

Seconded.

Reduced hours = lower tax take.

Now multiply that by xx.

QED.

Yes, but I think you're forgetting a lot of the people rioting were also young people, young people who can't afford to rent a decent home. I'm not excusing it because I'm also black and the riots were a scary time for me however black and people of colour and immigrants have become the scapegoat for austerity.

you can't dissect the conditions of life right now from why people probably don't want to work very hard, people have lost hope.

Sorry you had to experience the riots.

I dont share your view that it was anything other than the reasons given during sentencing. There were no mitigating factors.

No of course they're racist. I'm not excusing their racism. I don't like racism however we can't excuse that a lot of them when you speak to these people their frustration isn't really poc, we have become scapegoast for the austerity in this country, politicians blame black and brown people as the reasons white people can't get jobs when that isn't the reason. According to some politicians in this country I'm the reason that white people are poor that isn't true. Austerity is why these people are poor, not me or my family.

I grew up with kids in school, my age repeating to me rhetoric from Nigel Farage, but my mum was the reason their mum couldn't get a job, or me being here was the reason that benefits had been cut.

if we really don't tackle the economic conditions in this country, then it is the perfect breeding ground for the extreme far right to rise. The economic conditions and the extreme inequality are not just dangerous for the economy but also for society.

You know, some people just can’t be bothered - its not your fault, my fault, or the states fault.

Theres a lack of ownership and responsibility amongst some folk - it falls squarely on them.

“So now they're unemployed again. But you want them to be in work. So, again, who should hire them?“

They can start by cleaning up the streets, litter etc and be taught to fill potholes. There is a ton of community work they should be doing. That is what Scandinavian and eg Switzerland does with lay abouts. No work, no pay, no benefits.

You just know that’s gonna be reported.

So you will FO’ing first I suspect….

It might not be my fault but it's some people's fault in this country for voting consistently for a conservative government and it kind of is your fault when you're actively defending an unequal society which isn't going to benefit society on the whole. You think about societies problems from a very individualistic viewpoint which is part of this crisis.

We all have a part to play in wanting austerity to be reversed and to demand better of the labour government if we give up then that won't be good either.

@MotherOfRatios - the thing is though if you infantilise people and just keep them in their underclass box, then you are not doing them any favours either. Labour has a history of just underestimating people too. Tories also bad, of course. Labour should be the working class party - that is all of us that work, full stop.

There will always be some who ask for more, and use the selfish line etc even if tax paid is high

Politicians need to be more aware of the point where people opt out though

As if they do it's everyone else who has to pick up the tax burden

The Tories had (and will continue to have) some pretty dodgy relationships, no?

I've never said people shouldn't work everyone should work unless you are Sick disabled or obviously pregnant women who then take time out to look after children.

I think they have said numerous times that it’s wealth that will be taxed more not income, so I don’t expect to be affected except perhaps pension savings - but too far away from retiring for that to impact me much! Probably the lifetime allowance, capital gains tax rates and inheritance tax relief - the only thing that’s been proposed as possible that would affect me is a change in pension contribution tax relief (ie removal of higher rate relief) but I doubt it would change my contribution rate if just be saving less…

After your last comment, you no longer warrant any further replies.

Just so we are clear.

“In April to June 2024, 9.41 million people aged 16–64 in the UK were economically inactive, which is an inactivity rate of 22.2%“

I disagree with penalising people who actually work from putting cash into their pensions, when all public sector workers are given the most generous final salary pension scheme.