Bank Of England Says People Need To Accept They Are Poorer

[Mister M]

38 minutes ago, Al Bundy said:

I am guessing a couple of middle class white folk named, Sage, and Milo being offended on behalf of black people might have.

 

Sage and Milo!!!!! FFS 

😂😂😂

 

 

That's a lame attempt at humour.

0.5 / 10 for trolling. 

Even Richard Littlejohn could do better than that. 

 

I think there's something quite admirable about young people not only having a conscience, but are prepared to do something about how they feel, even when it brings them into conflict with the law.

It shows spirit and courage.

What would you rather they did? Beat people up, traffick drugs, go on far right, kuckle dragging marches?

On 17/03/2023 at 10:40, Al Bundy said:

I love pointing out sexism, racism and hypocrisy, it's something I feel very strongly about.

 

If you don't then that's perfectly fine. We are all different.

 

 

 

Edited May 4, 2023 by Mister M

[trastrick]

13 hours ago, fools said:

this forum needs more left-wing misleading headlines.

Lol

 

More truth, and perspective would be a help!

 

London School of Economics

How much tax do the rich really pay? | Research for the World

 

"In one respect, the UK tax system already looks top heavy. The top one per cent pay 30 per cent of all income tax revenues: a higher share than at any time in past twenty years. In other words, three in every ten pounds that the government receives in income tax is paid by just over 300,000 individuals".

 

See more at:

 

https://www.lse.ac.uk/research/research-for-the-world/economics/how-much-tax-do-the-rich-really-pay#:~:text=In one respect%2C the UK,by just over 300%2C000 individuals.

 

If you want to keep the cradle to grave Nanny State soluble, don't kill off the "rich".

 

Who would be left but the poor to pay for it all?

 

The farmer is wise, he treats his cash cows very well indeed!

 

Edited May 5, 2023 by trastrick

[Annie Bynnol]

4 hours ago, trastrick said:

Lol

More truth, and perspective would be a help!

London School of Economics

How much tax do the rich really pay? | Research for the World

"In one respect, the UK tax system already looks top heavy. The top one per cent pay 30 per cent of all income tax revenues: a higher share than at any time in past twenty years. In other words, three in every ten pounds that the government receives in income tax is paid by just over 300,000 individuals".

See more at:

https://www.lse.ac.uk/research/research-for-the-world/economics/how-much-tax-do-the-rich-really-pay#:~:text=In one respect%2C the UK,by just over 300%2C000 individuals.

If you want to keep the cradle to grave Nanny State soluble, don't kill off the "rich".

Who would be left but the poor to pay for it all?

The farmer is wise, he treats his cash cows very well indeed!

   Your figures are four years out of date, mine are the latest. 'taxation'  are talking about Income Tax only in reality your '30%' shrinks dramatically when the whole tax burden is considered.

£225bn from Income tax. Varying the rates and thresholds has benefitted the highest earners and cost the low and middle earners.

£161bn VAT at 20% is paid by everybody on nearly everything purchased.

£143bn in NIC at 12% for working people and 2% for billionaires.

Dozens of other taxes have increased for middle earners such as Student Loan, Inheritance Tax, Council Tax(support reduction) etc.

The  disposable income of working people has dropped significantly compared to the top earners. 

An annual cut in wages by the Tories have been the norm for 15 years on the trot for millions.

The wage cuts, Income Tax rise, the VAT rise and the NI rise, have had disproportional effect on low and middle earners l and has a far greater impact on children, retired and those on lower incomes.

   We all know in this country that your '300 000' have benefited while the rest of us shoulder the increasing burden of Tory policies over the last decade. 

 

 

 

[harvey19]

9 minutes ago, Annie Bynnol said:

   Your figures are four years out of date, mine are the latest. 'taxation'  are talking about Income Tax only in reality your '30%' shrinks dramatically when the whole tax burden is considered.

£225bn from Income tax. Varying the rates and thresholds has benefitted the highest earners and cost the low and middle earners.

£161bn VAT at 20% is paid by everybody on nearly everything purchased.

£143bn in NIC at 12% for working people and 2% for billionaires.

Dozens of other taxes have increased for middle earners such as Student Loan, Inheritance Tax, Council Tax(support reduction) etc.

The  disposable income of working people has dropped significantly compared to the top earners. 

An annual cut in wages by the Tories have been the norm for 15 years on the trot for millions.

The wage cuts, Income Tax rise, the VAT rise and the NI rise, have had disproportional effect on low and middle earners l and has a far greater impact on children, retired and those on lower incomes.

   We all know in this country that your '300 000' have benefited while the rest of us shoulder the increasing burden of Tory policies over the last decade. 

 

 

 

What will Labour change ?

Will they do away with student loans ?

[fools]

1 hour ago, Annie Bynnol said:

   Your figures are four years out of date, mine are the latest. 'taxation'  are talking about Income Tax only in reality your '30%' shrinks dramatically when the whole tax burden is considered.

£225bn from Income tax. Varying the rates and thresholds has benefitted the highest earners and cost the low and middle earners.

£161bn VAT at 20% is paid by everybody on nearly everything purchased.

£143bn in NIC at 12% for working people and 2% for billionaires.

Dozens of other taxes have increased for middle earners such as Student Loan, Inheritance Tax, Council Tax(support reduction) etc.

The  disposable income of working people has dropped significantly compared to the top earners. 

An annual cut in wages by the Tories have been the norm for 15 years on the trot for millions.

The wage cuts, Income Tax rise, the VAT rise and the NI rise, have had disproportional effect on low and middle earners l and has a far greater impact on children, retired and those on lower incomes.

   We all know in this country that your '300 000' have benefited while the rest of us shoulder the increasing burden of Tory policies over the last decade. 

 

 

 

have you been reading too much labour party propaganda

[Guest]

1 hour ago, harvey19 said:

What will Labour change ?

Will they do away with student loans ?

Probably very little

No

 

People will still think that a slight improvement will be better than no improvement at all or maybe,  even getting worse.

 

[trastrick]

54 minutes ago, Annie Bynnol said:

Your figures are four years out of date, mine are the latest. 'taxation'  are talking about Income Tax only in reality your '30%' shrinks dramatically when the whole tax burden is considered.

1. They are not MY figures. Link to article provided!

 

2. Unless you are guilty of plagiarism, the above appears to be YOUR figures, or whatever the above gobbledegook,  "the 'latest taxation' are talking about Income Tax only in reality ...." etc,means.

 

3. Have a nice day! 

 

Edited May 5, 2023 by trastrick

[trastrick]

Until the Left stops with their intellectually lazy and divisive stereotyping  of "rich" and "poor", the Marxist class system will endure.

 

The "rich" are as diverse, and meritorious, as are the "poor". Then there's the vast majority in between.

 

An equitable system of society is classless, and allows it's citizens to move freely between poverty and prosperity, (and vice versa) based on individual contribution to society as a whole!

 

 

 

Edited May 5, 2023 by trastrick

[Tyke02]

3 hours ago, Annie Bynnol said:

See more at:

https://www.lse.ac.uk/research/research-for-the-world/economics/how-much-tax-do-the-rich-really-pay#:~:text=In one respect%2C the UK,by just over 300%2C000 individuals.

This news report describes findings of a publication from June 2020 that was created after analysing data from 2015/2016.

 

https://warwick.ac.uk/fac/soc/economics/research/centres/cage/manage/publications/bn27.2020.pdf

 

It's an interesting read, with sound bites like "Almost one quarter of individuals with total remuneration above £100,000 paid the headline average rate for earnings. By contrast, one in ten people with total remuneration over £1 million paid a lower EATR than someone earning just £15,000. This proportion rises to one in four of those with total remuneration between £5 million and £10 million."

 

They suggested that a more equitable arrangement would be to reduce the marginal tax rate for all those having remuneration greater than £100k from 45% to 35%, and applying that to all sources of remuneration (e.g. CGT).  They estimate that this would spread the burden across more of those with ability to pay more, and still deliver an extra £11bn in taxes

Edited May 5, 2023 by Tyke02

[fools]

On 04/05/2023 at 08:20, Chekhov said:

or are we descending back into the bad old days of posts being deleted for no good reason ?

 

 

it seems we are.