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Post by Deleted on Nov 9, 2017 17:50:17 GMT
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Post by peterboat on Nov 9, 2017 17:57:34 GMT
Madness!!
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Post by Deleted on Nov 9, 2017 17:58:44 GMT
I do think that this could be a way forward and I'm glad that trials are being carried out.
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Post by Deleted on Nov 9, 2017 18:00:48 GMT
Why ? I dislike the welfare state but a universal income makes a lot of sense. Free beer !
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Post by patty on Nov 9, 2017 18:03:22 GMT
Well they are always trailing summit so guess wait n see
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Post by peterboat on Nov 9, 2017 18:11:31 GMT
Why ? I dislike the welfare state but a universal income makes a lot of sense. Free beer ! I dont need it but would receive it plenty that receive more wouldnt have enough to live on and a lot of people would just say sod it I can manage on that! Then eventually the country would be potless
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Post by Mr Stabby on Nov 9, 2017 18:26:22 GMT
I think that as more and more jobs become automated then it is inevitable. Machines don't spend money in the local shops and pubs and unless people do, then the whole money-go-round stops.
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Post by Deleted on Nov 9, 2017 18:36:09 GMT
Why ? I dislike the welfare state but a universal income makes a lot of sense. Free beer ! I dont need it but would receive it plenty that receive more wouldnt have enough to live on and a lot of people would just say sod it I can manage on that! Then eventually the country would be potless Same argument for higher rate income tax. Why would anyone choose to earn over the lower rate threshold just to pay 40% to the government? I've no idea why people do this. I think your argument that loads of people will think "sod it I'll just be poor" doesn't work because people are basically driven by greed and the desire to "better themselves" or "be better than the others". Greed is an animal instinct. Foxes kill all the chickens and just take a few heads away. So if you give people £7k a year a lot of people will continue to be productive, earn money and drive big cars have several houses and maybe even a jet airplane. Society won't suddenly collapse. To quote Walter Slezac (whoever the hell he is!) "Spending money you don't have for things you don't need to impress people you don't like" will carry on regardless of government policy. Maybe if you gave everyone £25k a year it'd be different but I don't think that's being suggested. Personally i'd quite like £25k a year but am much happier on half that and not working !
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Post by Deleted on Nov 9, 2017 18:40:04 GMT
People will be chipped in the near future, so the Government can keep a closer eye on them. The really useless ones, too weak to lift a shovel any more, will simply be 'disposed of'. Most newly born babies have a small chip implanted on one of their ears these days. Its very small but if you do have reason to be interacting with a newborn infant have a close look. Its not been announced to the general population but I am able to reveal it here as none of the general population read this.
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Post by lollygagger on Nov 9, 2017 18:53:15 GMT
Same argument for higher rate income tax. Why would anyone choose to earn over the lower rate threshold just to pay 40% to the government? I've no idea why people do this. The clever ones, such as Theresa May and her husband, know how to avoid paying too much tax. Tax havens in the Caribbean, anyone? Trebles all round!! People on "fixed incomes" paying paye on their earnings pay a disproportionate amount of tax. That's where the line is.
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Post by Mr Stabby on Nov 9, 2017 19:08:09 GMT
I dont need it but would receive it plenty that receive more wouldnt have enough to live on and a lot of people would just say sod it I can manage on that! Then eventually the country would be potless Same argument for higher rate income tax. Why would anyone choose to earn over the lower rate threshold just to pay 40% to the government? I've no idea why people do this. You only pay the 40% on income above the lower rate threshold, not on all of your taxable income for the tax year. I have a very simple policy with regards to income and taxation. My tax code is 1150L which means I can earn £11,500 in the tax year before I have income tax liability. So as soon as I have earned £11,500 then I stop working and fuck off on the boat instead, until my savings have run out. Because I did the same in the first tax year living on the boat when income tax was deducted, then every year now I pay zero income tax on my earnings. Pius, I get £159 a month in working tax credits because I don't earn very much. This wouldn't suit most folk, but I live a very minimalist lifestyle, my budget is £30 a week for food, £30 a week for alcohol and £40 a week for my car, which I need to get to work. I've probably spent less than £50 on clothes in the last three years, my mobile phone is a 15-year-old Nokia, my car is a 13-year-old Rover 75. To me, success in life is as about what you do and see, not what you own. When I was younger and used to travel more, my philosophy was always "I'd sooner have a stamp in my passport than a plasma screen TV"
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Post by Deleted on Nov 9, 2017 20:44:29 GMT
I have always been of the view that I would be happy to pay twice as much tax, as it would mean I am earning more dosh.
Rog
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Post by lollygagger on Nov 9, 2017 21:39:41 GMT
I crammed my working life into 25 years. I'd love a universal income cheque every month now I've stopped. There will be heavier tax to pay for it so everyone will end up exactly where they are now except that a part of their income would come from gov. It sounds like a great idea if it cuts out all the paperwork waste of the present system.
Or it's a way of paying poor people 1p/hour as they'll effectively be legally working while signing on.
Or it's a way to stop the trap of signing on. It's not easy to claim benefits and those that do are rightly frightened of leaving it for uncertain work. Universal income could remove that hurdle.
One things for sure, if done in the uk it' be a half arsed fudge, done by name only to attract votes and nothing will actually change other than words.
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Post by lollygagger on Nov 9, 2017 21:54:38 GMT
The more I think about it the more suspicious I am that this is a way to pay big company employees with your tax money. It already happens in the form of benefits and tax credits. Many large employers get around paying employers n.i. by using 3 part time staff instead of one full time.
PAYE earners pay for this. Sure small ltd co and self employed pay tax but if my own experience was typical it's at a far lower rate. I paid under £8-9k total taxes and n.i. while pocketing £90k. I wonder how much of £100k would end up in a paye employees acount?
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Post by lollygagger on Nov 9, 2017 22:01:26 GMT
I also made a substantial profit from vat. I paid a fixed 13-14% while charging 20% on the understanding I wouldn't claim any back. I had almost zero costs so wouldn't be claiming much anyway. I've never worked it out but I imagine this covered my other taxes and I effectively legally never paid any tax. Like I say, if you are a paye employee, you get shafted.
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