Does the income tax threshold go up next month?

[anywebsite]

And drive all the wealth out of the country. Brilliant.

 

Hoarding wealth doesn't do anything useful for the country. I'd rather encourage people to work & to spend their money to keep others in work. Good riddance to anybody that just wants to sit on their massive piles of cash & keep it all in the family. Other taxes that discourage production & consumption could be reduced, then we'd all end up better off.

[xenia]

Remember, when you come to vote again Labour always leave you skint.

 

Attlee, Wilson, Callaghan, Blair Brown, even Ramsay Macdonald. Spent money they had not got.

 

Socialism does not work, never has never will.

[xenia]

Hoarding wealth doesn't do anything useful for the country. I'd rather encourage people to work.

 

Spending it profligately hasnt done us any good, and even worse spending money we dont have.

[anywebsite]

Remember, when you come to vote again Labour always leave you skint.

 

Attlee, Wilson, Callaghan, Blair Brown, even Ramsay Macdonald. Spent money they had not got.

 

Socialism does not work, never has never will.

 

I've never voted Labour or claimed to be a socialist I did vote 'Socialist Labour' once, but it was only out of pity.

 

You're just setting up straw men because you don't have a proper argument.

[xenia]

I've never voted Labour or claimed to be a socialist I did vote 'Socialist Labour' once, but it was only out of pity.

 

You're just setting up straw men because you don't have a proper argument.

 

I think I have a perfectly valid arguement backed up by the evidence I ciited in my earlier post. This that all Labour governments have, when leaving power left the counrtry in a finacial mess. Hence socialism does not work.

[*_ash_*]

I'd raise inheritance tax, keep the 50p income tax band, introduce negative income tax to replace most benefits & have a wealth tax that took a small percentage of a (rich) person's wealth each year. Could afford to raise the income allowances & cut VAT then. Maybe scrap or reduce some other taxes too like council tax, tv license, duties.

 

That's just a start.

Fair enough that you have actually answered the question rather than just avoid it like most in here do (and you have too in the past). If that is just the start, I'd like to hear more.

 

I've never voted Labour or claimed to be a socialist I did vote 'Socialist Labour' once, but it was only out of pity.

 

You're just setting up straw men because you don't have a proper argument.

 

Who would you vote for now? Do any parties deliver what you want?

[xenia]

Fair enough that you have actually answered the question rather than just avoid it like most in here do (and you have too in the past). If that is just the start, I'd like to hear more.

 

 

 

Who would you vote for now? Do any parties deliver what you want?

 

I would vote for the Conservatives, I feel the Labour party has too much baggage from its immediate past and in Milliband they have probably the weakest leader since Michael Foot.

 

The Tories have a very difficult job to do over the rest of this parliament and it is likely they will lose the next election as the electorate seem to have no conception of how big a mess Labour left us in.

[retrogo]

Blair actually did quite well in his decade of power, and Brown performed well as the chancellor. The **** ups happened when they jumped in bed with Uncle Sam involving us in foreign wars. This all came at a cost to the country, we only just managed to pay america bank in 2007 for ww2 loans.

 

We all like to go to work, do as little as possibly, for the most amount of money. That in its self is a capitalist theory.

 

However, when we are down on our luck, thats what the welfare system is there for. I bet all the tories on here would be glad of a council house and state benefits if they lost all their money and nice houses up Dore and Totley.

 

On the outside looking in, the Conservative idea of the Universal Credit is a brilliant one. People should all be encoraged back to work to participate in society. I do accept that at some point the bubble will burst when we cant borrow any more or raise enough taxes to pay for the public sector system. Someone had to do something, and the condems are good at it, no denying that.

 

I do agree that there's a lot of wastage in the public sector. Too many meetings talking balllls, too many public consultations which all cost money they haven't got in the first place. Sheffield has public assembles and forums comming out of its rear end. Instead of the public sector just getting on with what the elected administration wanted.

 

To be honest. I don't think anybody has the answer on how to pull us out of a world resession? Cutting costs by making lots of public sector jobs redundant will only add to the dole cue and remove people with good incomes from spending on the ecconomy. Minimum wage jobs do not give a good disposable income, so that won't kickstart the economy.

 

We can argue for ages on here about which party has the best ideas, slating the doley's and disabled, but no one has the answer. Whatever the politicians do, it will only suit a certain section of the population and leave others out.

[HeadingNorth]

Hoarding wealth doesn't do anything useful for the country. I'd rather encourage people to work & to spend their money to keep others in work.

 

But you are advocating tax rises which would discourage them.

[EDWOOD]

The rise in the income tax threshold is a good thing but it should have happened years ago and it still doesn't go far enough.

 

It always annoyed me when I started work full- time on a crap salary and saw the pitiful monthly amount reduced even further and this under a Labour government who are supposedly for the lower paid! Then they had the cheek to increase NI contributions which is a tax no matter how you dress it up.

 

The income tax threshold should go up quicker to ~£12K per annum by 2015 - I'm sure this would win many votes for the coalition. £1,000 a month before the taxman takes his share sounds right and fair especially with prices going up everywhere. Otherwise the working poor will increase and the incentive to work will keep going down. Make work pay and let's make the economy efficient and the workforce more motivated. Reducing tax will certainly make a happy worker. Even if other taxes increased AT LEAST people would start off on a better salary - its then up the them in how they spend it.

 

I think the idea of inheritance tax is getting out of hand with the problem that more and more people who are not thought of being 'wealthy' are being brought into it through fiscal drag. Yes - bring it in but only for wealth above £1 million and I think sometimes the idea that relatives have to sell the family property to pay the tax is terrible.

 

I think it was in the 1980s that the government found out that there as an optimum level at which higher rate tax could be collected without making the wealthy try tax avoidance, leave the country, etc. 40% seems reasonable 50% is too high - half your earnings gone - the incentive to do well is seen to be punished.

 

Let's get the state interference down to a minimum - reduce useless quangos, reduce the number of MPs to 400 at most - in a country the size of the UK you do not need 600 MPs which is what it will be after 2013 when the boundary changes take effect.

 

That's for starters - make Working for a living fairer and more rewarding - the cost of living in the UK is high - it doesn't really matter whereabouts you live here - the average wage that the man on the street brings home means it's a constant struggle - it shouldn't be!