National insurance tax hike

[ThatFragranceGuy]

Boris Johnson expected to increase national insurance payments to fund social care, reports say

Social care is in desperate need of funding reform but any plan to increase national insurance payments will face criticism, as it is likely to disproportionately hit millions of younger people.

news.sky.com

 

[LaPennaBianca]

I love how working-age people are carrying the can for this. Classic Tories.

 

[Lottowyn]

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?

 

[bear66]

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?

Sounds reasonable . . . as well as stopping subsidising business to the tune of £80 billion a year.

 

[BoroFur]

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?

I'm just waiting for that fully costed social care plan from 2 years ago. Any idea where that is?

 

[bear66]

Interesting hearing Hunt this morning saying that such a rise would be accepted as a Tory policy (as they wouldn't do it lightly) but wouldn't if it were a Labour policy. Shows how brainwashed large numbers of the population are.

 

[Andybarca]

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?

How about we tax those that have made the most out of the pandemic?

Number of billionaires in UK reached new record during Covid crisis

Despite year of economic turmoil, 24 people became billionaires in UK during pandemic, taking total to 171

www.google.co.uk

 

[Priv]

1% is fair enough but 2 could cause issues for many struggling already as most annual pay rises are less than that.

 

[Priv]

How about we tax those that have made the most out of the pandemic?

Number of billionaires in UK reached new record during Covid crisis

Despite year of economic turmoil, 24 people became billionaires in UK during pandemic, taking total to 171

www.google.co.uk

Agreed, and claw back the wasted money on contracts for their mates for overpriced sh1t.

 

[Corcaigh_the_Cat]

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?

Increase inheritance tax above a reasonable threshold and up the top rate of tax. Let those that have benefitted most pay more.

 

[LaPennaBianca]

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?

You can't still be parroting the same lines from 2011? National debt does not work like household debt.

 

[Pak_Doo_Ik]

Increasing taxes to pay for social care and to help fund the NHS is fine by me and is a true Labour policy.

When the money doesn't make its way there and finds its way in to the pockets of the already wealthy then it becomes a true tory policy

 

[dooderooni]

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?

As said above, government debt isn't like the debt we as individuals take on.
In fact, given the low interest rates offered to governments, it is actually beneficial for them to borrow to fund appropriate programs that will actually benefit society and the economy. It is when public borrowing is used as an avenue to siphon off wealth into the hands of others that is should be frowned upon.
What is even more annoying is that those least able to bear the 'costs' or those that will be most impacted by subsequent cuts such as those imposed by 'austerity' are the ones who end up paying for this siphoning off of public funds into private hands.

 

[ThatFragranceGuy]

I got no pay rise or bonus last year due to Covid, so a 1-2% NI increase on top of inflation is annoying when people more likely to avail of social care will be paying nothing while potentially reaping a 9% rise from triple lock due to the way earnings have “risen” since last year

gf works for NHS so that hard won 3% rise potentially really becomes 1%

 

[jeff_potato]

They did this under May. Went to the media trumpeting no tax rises... then I ended up with a £30 per month pay cut when NI was jacked up on the quiet.

 

[Duffman]

Nobody would ever argue with their Tax and NI increasing to directly fund a professional well resourced adult social care provision in this country. Same as they wouldn’t argue over funding a high quality well run NHS. What upsets and annoys people is how the current public purse in general is being used - where their taxes and NI are going now and how private individuals- many linked to the government are creaming billions from government funding raised from said taxes paid by the working people of the country. We have never seen such a lack of transparency and explanation about the use of public funds as we have in the last 10 years. I have no problem paying more if it is ring fenced and openly accounted for in delivering direct services. I do however have a big problem with my increased taxes (NI) continuing to line the pockets of a Conservative Party donor.

 

[Adi_Dem]

As said above, government debt isn't like the debt we as individuals take on.
In fact, given the low interest rates offered to governments, it is actually beneficial for them to borrow to fund appropriate programs that will actually benefit society and the economy. It is when public borrowing is used as an avenue to siphon off wealth into the hands of others that is should be frowned upon.
What is even more annoying is that those least able to bear the 'costs' or those that will be most impacted by subsequent cuts such as those imposed by 'austerity' are the ones who end up paying for this siphoning off of public funds into private hands.

Precisely. It is a myth that the government has to 'balance the books' or that national debt is debt in any real sense. It serves these people to have the myth perpetuated that a country's finances are the equivalent of running a household. A very convenient lie since it allows governments like this one to continue to use the system to transfer wealth to the 1% at the expense of everyone else.

 

[MolteniArcore]

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?

That's not how national debts work.

 

[MolteniArcore]

You can't still be parroting the same lines from 2011? National debt does not work like household debt.

It's really so frustrating that people still believe this rubbish - the Tories have really done a job on the public when people still reel that out 10 years later. Austerity was a choice, not a necessity, and it has destroyed this country.

 

[Randy]

Thanks a lot Tory voters. Thanks very much.

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