+ Visit Cardiff FC for Latest News, Transfer Gossip, Fixtures and Match Results
Page 1 of 8 12345678 LastLast
Results 1 to 25 of 192

Thread: So it's National Insurance then

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1

    So it's National Insurance then

    Thanks Boris

  2. #2

  3. #3

    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)

  4. #4

    Re: So it's National Insurance then

    Quote Originally Posted by Doucas View Post
    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.

  5. #5

    Re: So it's National Insurance then

    Quote Originally Posted by JamesWales View Post
    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.

  6. #6

    Re: So it's National Insurance then

    Quote Originally Posted by Eric Cartman View Post
    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?

  7. #7

    Re: So it's National Insurance then

    Quote Originally Posted by JamesWales View Post
    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?

  8. #8

    Re: So it's National Insurance then

    Quote Originally Posted by Eric Cartman View Post
    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.
    Sounds like the politics of envy there to me. Plus, just because you are living in a house worth over £500000 doesn’t mean you are rich. There are two or three bed semis in Cardiff worth that. Plus again that most pensioners have worked hard all their life, paid their taxes and National Insurance, and spent/saved their money prudently, so why should they have their property snatched off them later in life.

  9. #9

    Re: So it's National Insurance then

    Quote Originally Posted by dml1954 View Post
    Sounds like the politics of envy there to me. Plus, just because you are living in a house worth over £500000 doesn’t mean you are rich. There are two or three bed semis in Cardiff worth that. Plus again that most pensioners have worked hard all their life, paid their taxes and National Insurance, and spent/saved their money prudently, so why should they have their property snatched off them later in life.
    Sounds like a slogan somebody without a point uses to me.

    You don't think people should have to pay for their own food and housing? That's a bit too far left for me you tankie.

  10. #10

    Re: So it's National Insurance then

    Quote Originally Posted by dml1954 View Post
    Sounds like the politics of envy there to me. Plus, just because you are living in a house worth over £500000 doesn’t mean you are rich. There are two or three bed semis in Cardiff worth that. Plus again that most pensioners have worked hard all their life, paid their taxes and National Insurance, and spent/saved their money prudently, so why should they have their property snatched off them later in life.
    You could also take the view that if you have plenty of savings why should the state fund your every need so that you can pass on your wealth to your kids.

  11. #11

    Re: So it's National Insurance then

    Quote Originally Posted by dml1954 View Post
    Sounds like the politics of envy there to me. Plus, just because you are living in a house worth over £500000 doesn’t mean you are rich. There are two or three bed semis in Cardiff worth that. Plus again that most pensioners have worked hard all their life, paid their taxes and National Insurance, and spent/saved their money prudently, so why should they have their property snatched off them later in life.
    Ive never understood the argument that your house has to be sold of to pay for care

    these people have paid tax's and NI all their lives, yes they own a home, but surely paying NI and tax's for 50 years mean they have paid enough into the " pot " to not have their home sold from under them

    I must have been in my early 20's when I first heard of this, a colleague was angry that his parents were heading into a home, he had been told they had to sell their home ( they had built it themselves down in Cornwall overlooking a beach ) this couple had both worked till retirement ( he was a doctor and she worked as a school nurse giving MMR jabs around Cornwall ) of course they had paid a lot in to the pot, yet were having the house taken away to fund the care home

  12. #12
    Feedback
    Guest

    Re: So it's National Insurance then

    Quote Originally Posted by dml1954 View Post
    Sounds like the politics of envy there to me. Plus, just because you are living in a house worth over £500000 doesn’t mean you are rich. There are two or three bed semis in Cardiff worth that. Plus again that most pensioners have worked hard all their life, paid their taxes and National Insurance, and spent/saved their money prudently, so why should they have their property snatched off them later in life.
    the point here is that the NICs paid by today's pensioners were based on life expectancy after retirement of 5 may be 10 years. We are now seeing pensioners live well into their 90s, meaning the cost of their pension is 3x what it was originally thought to be. You factor in social care and health care costs too and suddenly you appreciate today's pensioners have paid in nowhere near enough.

    the issue is that pensioners forma huge voting block, and governments are scared of upsetting the block for fear of losing large swathes of votes.

    something had to be done, although whether the way to finance it was the way chosen by this government is debatable.

  13. #13

    Re: So it's National Insurance then

    Quote Originally Posted by JamesWales View Post
    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.

  14. #14

    Re: So it's National Insurance then

    Quote Originally Posted by Doucas View Post
    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.

  15. #15

    Re: So it's National Insurance then

    Quote Originally Posted by Doucas View Post
    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)
    I would say that for every ‘rich’ person who has done well out of the pandemic, there are others that have lost loads of money or even their businesses.

  16. #16

    Re: So it's National Insurance then

    Quote Originally Posted by dml1954 View Post
    I would say that for every ‘rich’ person who has done well out of the pandemic, there are others that have lost loads of money or even their businesses.
    So you're saying wealth inequality has gotten better during the pandemic?

    Do you have any sources to back that up?

  17. #17

    Re: So it's National Insurance then

    Quote Originally Posted by Doucas View Post
    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)
    Yes.

  18. #18

    Re: So it's National Insurance then

    Quote Originally Posted by Doucas View Post
    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)
    What a load of bollocks, knee jerk tory bashing will never die in Wales

  19. #19

    Re: So it's National Insurance then

    Quote Originally Posted by Joe Gillis View Post
    What a load of bollocks, knee jerk tory bashing will never die in Wales
    good

  20. #20

    Re: So it's National Insurance then

    Quote Originally Posted by Joe Gillis View Post
    What a load of bollocks, knee jerk tory bashing will never die in Wales
    Absolutely typical of a tory, can never actually explain why its bollocks just says its bollocks so must be true.

    I can feel your face getting redder and redder.

  21. #21

    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.

  22. #22

    Re: So it's National Insurance then

    Quote Originally Posted by JamesWales View Post
    They will still pay upto £85,000, no?
    They pay until their savings reach 85000

  23. #23

    Re: So it's National Insurance then

    Quote Originally Posted by SLUDGE FACTORY View Post
    They pay until their savings reach 85000
    Other way around, nobody will pay more than 85k

  24. #24

    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).

  25. #25

    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?

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •