The Rich Get Richer

[TWGL1]

Re: The Rich Get Richer

Look like as a household I will be £1,469.88 better off wages wise before other increases are implemented due to indirect cost of living rises.

[ninian opinian]

Re: The Rich Get Richer

Kami-Kwasi Economics.

Liz Truss' budget means that those earning a million a year will have £54,400 extra in their pockets after tax and NICs. For those earning £25,000, the equivalent figure is about £280.

Hard to imagine a worse response to a cost of living crisis.

Plus they are attacking working peoples right to strike again!

They know they are losing the next general election so they are stuffing their and their mates bank accounts with as much money as they can in the next 2 years.

I have never been so angry.

[Doucas]

Re: The Rich Get Richer

Kami-Kwasi Economics.

Liz Truss' budget means that those earning a million a year will have £54,400 extra in their pockets after tax and NICs. For those earning £25,000, the equivalent figure is about £280.

Hard to imagine a worse response to a cost of living crisis.

Plus they are attacking working peoples right to strike again!

They know they are losing the next general election so they are stuffing their and their mates bank accounts with as much money as they can in the next 2 years.

I have never been so angry.

I've completely lost the will to take any tories seriously on this forum now all of them are utter jokes and I'm putting that politely, they will justify this no matter what. I am beyond angry at this.

Our government doesn't represent the average person, it represents the wealthiest in society only. If you are working class and voted for this lot you're thick as shit.

[az city]

Re: The Rich Get Richer

Kwasi Kwarteng scraps the planned Corporation tax rise and the cap on banker's bonuses. The top rate of income tax, 45% on earnings over £150,000, is being abolished altogether.

An expected cost of ~£40Bn to the Treasury.

Maybe this time trickle down economics will work…

There is no, ZERO, evidence that any reputable academic study has found that trickledown works.

There's a simple principle to remember with regard to a fiscal stimulus: if you give a poor person an extra $1, they'll spend it (boosting the economy), if you give a rick person an extra $1, they'll save it (that doesn't boost spending).

[lisvaneblue]

Re: The Rich Get Richer

Kami-Kwasi Economics.

Liz Truss' budget means that those earning a million a year will have £54,400 extra in their pockets after tax and NICs. For those earning £25,000, the equivalent figure is about £280.

Hard to imagine a worse response to a cost of living crisis.

Plus they are attacking working peoples right to strike again!

They know they are losing the next general election so they are stuffing their and their mates bank accounts with as much money as they can in the next 2 years.

I have never been so angry.

So how many people out of our UK population of nearly 69million earn over £1m a year.....less than 19,000...and I bet a load of them are footballers.

[The Bloop]

Re: The Rich Get Richer

So how many people out of our UK population of nearly 69million earn over £1m a year.....less than 19,000...and I bet a load of them are footballers.

And the rest of them are bankers who can now earn a bit more

[ninian opinian]

Re: The Rich Get Richer

I've completely lost the will to take any tories seriously on this forum now all of them are utter jokes and I'm putting that politely, they will justify this no matter what. I am beyond angry at this.

Our government doesn't represent the average person, it represents the wealthiest in society only. If you are working class and voted for this lot you're thick as shit.

What's everyone wearing to the riots?

[ninian opinian]

Re: The Rich Get Richer

The Chancellor has officially announced the end of the cap on bankers’ bonuses.

Between December 2019 and September 2021 alone, the Conservative Party received £11 million from hedge funds and bankers.

[Citizen's Nephew]

Re: The Rich Get Richer

It sounds like a plan to finish off all the small businesses.

Agree.

[Citizen's Nephew]

Re: The Rich Get Richer

I am also amazed when disabled or carers of disabled people vote Tory

It's staggering

They don't give a toss for the vulnerable

🤙

[the other bob wilson]

Re: The Rich Get Richer

If you have an annual income of £1 million, you’re going to get £55k in tax cuts, if you earn £20,000 a year, you’re getting £218 - what a country!

[PontBlue]

Re: The Rich Get Richer

[Rjk]

Re: The Rich Get Richer

https://twitter.com/david_milliken/status/1573261238636879874?t=q3BrIHY0ljny8wdKTh2HdA&s=19

[Dorcus]

Re: The Rich Get Richer

https://twitter.com/david_milliken/s...wdKTh2HdA&s=19

It will be more and more expensive for us to purchase anything now hence yet even steeper inflation. Turbulent times ahead indeed.

[Rjk]

Re: The Rich Get Richer

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