So it's National Insurance then

[WJ99mobile]

Thanks Boris

[WJ99mobile]

Re: So it's National Insurance then

https://www.bbc.co.uk/news/live/uk-58473078

[Doucas]

Re: So it's National Insurance then

The richest in the UK made huge amounts of money on the back of the pandemic, why not tax them?

Answer - because the tories have been bought out by them and the average person from the UK decides its immigrants fault instead of the mega rich (thanks to the daily mail and the sun)

[Grievous Angel]

Re: So it's National Insurance then

Ah yes - but it's only a 1.25% increase and not the 2% we were being told - or spun.

[JamesWales]

Re: So it's National Insurance then

The richest in the UK made huge amounts of money on the back of the pandemic, why not tax them?

Answer - because the tories have been bought out by them and the average person from the UK decides its immigrants fault instead of the mega rich (thanks to the daily mail and the sun)

Yeah, that's a good outline for a Socialist Worker editorial at any point in the last 50 years, but it isn't really true.

The top 1% of income tax payers pay around a 25% of all income tax.
The bottom half of all income tax payers pay 10%.

https://ifs.org.uk/publications/9178

And rightly so, may I add.

I would probably rather they increased income tax than national insurance, but something had to be done.

[Eric Cartman]

Re: So it's National Insurance then

The richest in the UK made huge amounts of money on the back of the pandemic, why not tax them?

Answer - because the tories have been bought out by them and the average person from the UK decides its immigrants fault instead of the mega rich (thanks to the daily mail and the sun)

Yeah but at the same time lets acknowledge that a generation has completely underpaid into the system and now we are starting to see the problems that has caused. At the same time, the property ponzi scheme has favoured them as supply has dried up.

For reference, I stand to gain from this policy in the long run as my parents have significant (but not obscene) wealth so this isn't about envy or a generational attack (I know these are the favoured tools of people without a point to make) but about fairness and cold hard logic.

[Eric Cartman]

Re: So it's National Insurance then

Yeah, that's a good outline for a Socialist Worker editorial at any point in the last 50 years, but it isn't really true.

The top 1% of income tax payers pay around a 25% of all income tax.
The bottom half of all income tax payers pay 10%.

https://ifs.org.uk/publications/9178

And rightly so, may I add.

I would probably rather they increased income tax than national insurance, but something had to be done.

We desperately needed to make sure that pensioners with 500k+ wealth only need to spend a fraction of it on care? They can't spend it when you are dead and their 'kids' are already retirement age.

[Doucas]

Re: So it's National Insurance then

Yeah, that's a good outline for a Socialist Worker editorial at any point in the last 50 years, but it isn't really true.

The top 1% of income tax payers pay around a 25% of all income tax.
The bottom half of all income tax payers pay 10%.

https://ifs.org.uk/publications/9178

And rightly so, may I add.

I would probably rather they increased income tax than national insurance, but something had to be done.

Well obviously the bottom half pay less because income equality led by right wing thinking is off the charts. Look at wages and house prices from 50 years ago compared to today its insane.

Specifically tell me what I said that isn't true.

[JamesWales]

Re: So it's National Insurance then

We desperately needed to make sure that pensioners with 500k+ wealth only need to spend a fraction of it on care? They can't spend it when you are dead and their 'kids' are already retirement age.

They will still pay upto £85,000, no?

[SLUDGE FACTORY]

Re: So it's National Insurance then

They will still pay upto £85,000, no?

They pay until their savings reach 85000

[Eric Cartman]

Re: So it's National Insurance then

They will still pay upto £85,000, no?

Yep, what does that work out as? 18 months worth? I would love to see a breakdown of cost of care and cost of occupancy/sustenance within a care home, I think it is probably right that care is paid for out of some kind of general taxation (that rich pensioners aren't excluded from paying themselves). But what does the 1k a week for a care home pay for currently, at least a third of that must be 'rent' and food, maybe the answer is more pragmatism about the true cost breakdown and a reflection on who should pay for that and why?

[Eric Cartman]

Re: So it's National Insurance then

They pay until their savings reach 85000

Other way around, nobody will pay more than 85k

[life on mars]

Re: So it's National Insurance then

Bloody Socialists

Germany’s system offers a minimum level of benefits and does not cover the full costs of care.

Individual service users must pay the remaining costs plus any costs of bed and board in residential care (social assistance pays in the case of people with very low means).

[bluesp]

Re: So it's National Insurance then

Yep, what does that work out as? 18 months worth? I would love to see a breakdown of cost of care and cost of occupancy/sustenance within a care home, I think it is probably right that care is paid for out of some kind of general taxation (that rich pensioners aren't excluded from paying themselves). But what does the 1k a week for a care home pay for currently, at least a third of that must be 'rent' and food, maybe the answer is more pragmatism about the true cost breakdown and a reflection on who should pay for that and why?

The care home my mum is in it works out around 17 months, so we'll be at that point in about a month's time. be interesting to see this pans out now The home she is in is brilliant but obviously expensive.

[surge]

Re: So it's National Insurance then

A health and social care tax will be introduced across the UK to pay for reforms to the care sector and NHS funding in England

So what's going to happen in NI, Scotland and Wales?