National insurance tax hike

Increase tax on high earners only, NI hike disproportionately effects low incomes.

Then borrow more to fund NHS care homes directly, private care homes already charge huge sums for their services, anymore funding from tax increases will be siphoned off to shareholders.
 
@Borobarmy for some reason you deleted :

“Blimey God forbid you ever fall in bad health or other profound piece of bad luck and folk like you brush you aside as a piece of nuisance .

odd comment to make, are you happy to pay more tax or something? My girlfriend manned the Covid wards all last year, I’m sure she will be thrilled but like you say, god forbid…
 
Corcaigh_the_Cat said:
Increase inheritance tax above a reasonable threshold and up the top rate of tax. Let those that have benefitted most pay more.
Click to expand...
Very few large estates pay a lot of inheritance tax as it is quite easy to avoid. We should stop taxing estates and tax the beneficiaries instead. I reckon the vast majority of beneficiaries would be happy to pay a bit of tax on a lump sum they did nothing to earn, whereas at the moment, those that 'earned' it are loath to pay IHT on death on top of all the other taxes they've paid whilst alive.
 
Very large estates have family trust funds to avoid inheritance tax.

I agree beneficiaries should be taxed.

If Nat Insurance goes to 14% the total marginal tax bill will be 34% for someone on Living Wage say £14,000 a year, that's high to me, considering a billionaire's marginal rate is 45%

Why not 1% on NI and 1% on income tax above the NI threshold.
 
Lottowyn said:
Well most countries have borrowed huge amounts to pay for Covid and the UK is no exception. Would people rather have the debt passed to future generations?
Click to expand...
Of the £2.2tn national debt about 1/3 is owed to the Bank of England.
Repayments of the debt amount to 3% of current tax revenues, the lowest since records began.

The pandemic has increased borrowing by 20 odd % but due to falling interest rates not increased substantially the amount we pay for it.
 
I get up in the morning, I fight traffic, I work, I fight traffic, I go to bed. I pay my taxes.
 
Isn't there £350 Million a week lying around on the side of a bus somewhere - surely we can use some of that to fund social care?
 
It seems unfair that hiking NI by 1% will mean an increase for those of working age, whilst anyone over 65 - the people that are most likely to gain from a better social care system - wont pay a penny extra, as they dont pay NI on any earnings or pensions.
 
Ironops said:
It seems unfair that hiking NI by 1% will mean an increase for those of working age, whilst anyone over 65 - the people that are most likely to gain from a better social care system - wont pay a penny extra, as they dont pay NI on any earnings or pensions.
Click to expand...
That was the point Hunt was making today. NI penalises the young at no expense to the elderly who could afford it.
 
Ironops said:
It seems unfair that hiking NI by 1% will mean an increase for those of working age, whilst anyone over 65 - the people that are most likely to gain from a better social care system - wont pay a penny extra, as they dont pay NI on any earnings or pensions.
Click to expand...
Isn’t that how socialism work.
Making society fair. Not all pensioners are well off
 
Lottowyn said:
1 or 2% increase seemingly.
Well most countries have borrowed huge amounts to pay for Covid and the UK is no exception. Would people rather have the debt passed to future generations?
Click to expand...
Problem is increasing national insurance means people need pay increases to compensate at a time when covid and brexit are costing the country a fortune.
How do we get more drivers when it's impossible to book an ordinary driving test let alone a hgv one ?
 
Scrote said:
Isn't there £350 Million a week lying around on the side of a bus somewhere - surely we can use some of that to fund social care?
Click to expand...
The cost of leaving the eu is more than we've paid them over the last 40 years apparently with our food and drink exports down a cool 2 billion over the last six months !
 
Ironops said:
It seems unfair that hiking NI by 1% will mean an increase for those of working age, whilst anyone over 65 - the people that are most likely to gain from a better social care system - wont pay a penny extra, as they dont pay NI on any earnings or pensions.
Click to expand...
Exactly.
 
GazC_MFC said:
Isn’t that how socialism work.
Making society fair. Not all pensioners are well off
Click to expand...
No - and the less well off ones wont be paying tax

But there are better off ones who do pay tax but no NI - so the generation that will need social care the most will not be paying anything for it. Whereas younger people will be paying for older people and themselves.

And this is in addition to the huge benefits that older people had that no longer apply to younger people, like cheaper house prices, jobs for life, final salary pensions, free university education etc etc.
 
You must log in or register to reply here.
Back
Top