Tax the old to help the young?

[ellal]

So the latest wheeze from government is to suggest raising more tax income from the older members of our country.

Sounds good to me.

After all, by disproportionately voting to leave, the older generation decided to shaft the younger generation who voted to remain.

Thus the coffin dodgers are the ones who should pay the immediate price of their decision!

And maybe there should be a 'brexit box' in your tax return?
Voted leave? - that'll be another 10% !

 

[IWalkLikeHimaMartian]

And maybe there should be a 'brexit box' in your tax return?
Voted leave? - that'll be another 10% !

That will never work.
The Brexiteers will claim they voted remain.

 

[EddieM]

Brexit seems to have had a negative impact on house prices, which can only be a good thing. That's not to say Brexit itself is a good thing. Average house prices should reflect average wage. Private rental should be "unattractive" to would be landlords.

 

[ellal]

That will never work.
The Brexiteers will claim they voted remain.

It might work.

Because after all they must surely have the courage of their convictions (leave means leave), and accept the consequences of their decision - don't they?

 

[Notch7]

All moaning remainers should be taxed at 60%.

Moaning remainers that whinge on here, should be taxed at 90%

 

[EFLImpudence]

I've just been reading about the "proposal".

It includes giving twenty five years olds £10,000 as a deposit on a house. Would that be enough?

Would it not be more sensible to allow 100% mortgages?
Especially as the mortgage payments would likely be less than that already being paid in rent, as long as interest rates don't soar.

What about holding the mortgage rate at the rate it was when it was started?
Why should the rate be variable? It is all profit on non-existent money for the banks.

 

[ellal]

I've just been reading about the "proposal".

It includes giving twenty five years olds £10,000 as a deposit on a house. Would that be enough?

Would it not be more sensible to allow 100% mortgages?
Especially as the mortgage payments would likely be less than that already being paid in rent, as long as interest rates don't soar.

What about holding the mortgage rate at the rate it was when it was started?
Why should the rate be variable? It is all profit on non-existent money for the banks.


Would it not be more sensible to allow 100% mortgages?

Actually it says, 'help pay for a deposit on a home, start a business or improve their education or skills.'

But no it wouldn't be enough for a deposit.

(As for your comments regarding interest rates, that would be of benefit - but not to the banks and their political puppets!)

And it wouldn't be enough to pay for them to improve their 'education or skills' because of the tuition fees they would then 'inherit'.

As for starting a business, then they become 'self-employed' - and a lifetime of benefits saved by government.

But hey - all those countries outside the EU are 'paved with gold' for us when we 'get our country back'

 

[SirGalahad]

So it's another way to prop up the pyramid scheme.

The debate should not be framed as old Vs young. The tax burden should fall on those with unearned wealth not those who by being born in the baby boomer generation benefited from non neo liberal policies which are foisted upon the young.

 

[motorbiking]

The £10k giveaway would be better coming off University fees (or equiv.). Old do need to pay more tax, many of them paid very little when working and have indexed linked final salary pensions that are completely unsustainable and never funded by them. Current employees pay via lower pay and/or taxes.

I know plenty of pensioners on 70-100k pensions, early retirement with every possible chance of burning through twice the value of any pension pot, that they probably only paid 20% of.

 

[Ihavenojob]

Labour voters (of a certain age) should be made to pay more, as voting in Tony Bliar was the cause of all the sh1t that made people vote Brexit.

 

[EddieM]

The £10k giveaway would be better coming off University fees (or equiv.). Old do need to pay more tax, many of them paid very little when working and have indexed linked final salary pensions that are completely unsustainable and never funded by them. Current employees pay via lower pay and/or taxes.

I know plenty of pensioners on 70-100k pensions, early retirement with every possible chance of burning through twice the value of any pension pot, that they probably only paid 20% of.

And that's why so many companies have wave after wave of VER schemes..

 

[SirGalahad]

Labour voters (of a certain age) should be made to pay more, as voting in Tony Bliar was the cause of all the sh1t that made people vote Brexit.

Be specific.

 

[pete50]

So the latest wheeze from government is to suggest raising more tax income from the older members of our country.

Sounds good to me.

After all, by disproportionately voting to leave, the older generation decided to shaft the younger generation who voted to remain.

Thus the coffin dodgers are the ones who should pay the immediate price of their decision!

And maybe there should be a 'brexit box' in your tax return?
Voted leave? - that'll be another 10% !

The reason the "youngsters" didn't vote to stay in the EU is because they couldn't be bothered to take their stupid faces out of their Candy Crush phones and get off their fat arses to vote.

 

[HawkEye244]

What people always miss is that some people don't want to own a house. It's not home ownership it's the amount of rent they have to pay out on. Some people are quite happy going where the work is and don't want to stay in one place they just don't want 80% of what they earn to go on rent.

 

[Keithmac]

The reason the "youngsters" didn't vote to stay in the EU is because they couldn't be bothered to take their stupid faces out of their Candy Crush phones and get off their fat arses to vote.

As you say if they were that bothered about the outcome they would have made the effort to vote!.