That's a very moral point I suppose. The issue is that with all the high taxes, most workers, employees end up looking for tax avoidance schemes, which hurts the economy even more. At least this way, we can all work, without needing tax avoidance schemes. That's my view.
2022 mini-budget discussion
- Thread starter Harlequin
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It's fashionable to get angry at the current government regardless of what they do. I think some of it is just people still perpetually miffed about Brexit. Interestingly you'll see a lot of complaints about lack of growth from people yet there's a PM who seems to be attempting to generate some growth and it's caused lots of moaning.
Some might have been more mindful of what they wished for when keen for Boris to be removed.
It's an open forum, funnily enough, you don't specify what wasn't clear, you're just kicking off about being called out for your own regular dodging of answers.
well i dont know what to do with my 7 quid a month NI saving
Caporegime
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Only relatively wealthy people can pay an accountant to help them avoid paying tax.
People earning 20K aren't doing that.
Ok, you win.
I don't get it. How many of you actually want higher taxes? Its not making any sense to me. I work hard, very hard, in both the health and social sector. When I look at my payslip at the end of the month, it hurts. So in the end, I end up working less, so I'm taxed less and this creates all the waiting lists, that affect you, the guys who are in for higher taxes. Tax me less and I work more hours and reduce the waiting list, is this not rational?
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I doubt many people earning<£100k are doing it either
Caporegime
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(Most of us) who are against this would be happy with less taxation on the people that need it, you sound like one of those.
How does saving a person who earns a million pounds a year, £42,000 in tax, help you?
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So no answer to the question then? It's a bit ironic to throw in some meta-discussion about me not giving a straight answer only to then do what you're criticising yourself.
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Pay your electric bill.well i dont know what to do with my 7 quid a month NI saving
To confirm, I don't believe there's anything high level at all in the UK Government at present.
I do believe, to some degree, that some have been played like cheap violins.
The degree of compliance, ineptitude and consciousness about it I cannot say.
it will be gone to inflation anywaywell i dont know what to do with my 7 quid a month NI saving
Pretty much, I'm done with Dowie holes.
a) a relatively small number of people will work more due to lower taxes
b) where is your pay going to come from if overall funding doesn't increase.
c) unless we totally abandon the idea of 'fiscal responsibility' (which Tbf some people argue we should and just deal with debt in other ways, bit let's assume there has to be some kind of long term balance for now) lower taxes means higher borrowing unless we also cut services. That isn't a sustainable position unless the growth generated is enough to outweigh it. Economists who seem to think that the growth will outweigh the lost revenue seem to be in a minority.
Edit: fundamentally, I want better public services and more public investment, and these lower taxes don't seem likely to produce that. In addition, the way they have been cut favours the higher incomes massively, when they are the people least likely to be struggling with the cost of living crisis, and also the people least likely to spend the money on goods and services in the near future - means the cuts won't help with hardship, and won't provide as much of a boost to growth as they could if that were the real aim.
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Man of Honour
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My argument to this would be that many people (although obviously I can only really speak for myself here) would probably be happy paying more in tax if we could actually see some benefit to it. In your case working in the health and social sector, that would be increased pay, so while you might pay a higher %age, your take home would be higher overall, for the rest of us, more doctors & nurses, since they get paid better so it's easier to attract people to the job.
The reality is, any extra tax would quickly get squandered on parties for MPs and backhanders to their mates
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If those people are willing to work more, because they're taxed less, then they will actually contribute more to taxes and the economy. This is actually pretty basic stuff.
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