| The Absurdity of It All 13:01 - May 30 with 2912 views | JACKMANANDBOY |
We get all sorts of messages from our politicians and journalists.
Europe stands with Ukraine is one we have been fed many times in many forms. The reality however is very different while people die on the battlefield European politicians are busy pumping money into Russia.
The EU sent 73 billion dollars to Ukraine in aid but paid Russia 233 billion dollars for fuel.
Russian exports of gas to the EU grew by 20 percent in 2024.
https://www.bbc.co.uk/news/articles/cdxk454kxz8o#comments [Post edited 30 May 13:10]
|  |
| |  |
| The Absurdity of It All on 13:45 - Jun 7 with 907 views | JACKMANANDBOY |
| The Absurdity of It All on 13:08 - Jun 7 by controversial_jack |
We have a growing ageing population that will be retiring and require pensions. The pensions require funding, so those in work will either have to pay more towards them or work longer. Our state pension is poor, but workers don't want to pay more tax towards it's funding, so it's a catch 22. Any tax increase is damaging to any political party |
That's why Brown's decision to take money out of the system, rather than strengthen the role of company pensions in providing for an ageing population was short sighted at best.
Brown also stuffed up wages by ' topping up ' peoples wages with benefits, the dull idiot could not see that companies would hold down wages and allow the state to pick up the slack. He should have pushed up the minimum wage incrementally during his tenure.
Brown, of course, bailed out the banks but again didn't have the foresight to include some recourse. Banks now make billions while we are still paying a load of interest on the debt he took on.
The same Brown sold of a shed full of the UKs gold at the bottom of the market, it was almost like he could not interpret the long term trends in gold prices.
Brown also went mad with PFI which saddled the NHS with long term debt.
Brown's short termism was probably down to his own ambition and need to look good today rather than plan for the future. | |
| |
| The Absurdity of It All on 13:50 - Jun 7 with 892 views | Whiterockin |
| The Absurdity of It All on 13:08 - Jun 7 by controversial_jack |
We have a growing ageing population that will be retiring and require pensions. The pensions require funding, so those in work will either have to pay more towards them or work longer. Our state pension is poor, but workers don't want to pay more tax towards it's funding, so it's a catch 22. Any tax increase is damaging to any political party |
You were replying to a post about the Gordon Brown fiasco and turned it to the state pension which it wasn't. If he had left things as they were there would be more invested in private pensions and people would be less reliant on the state pension.
This quote explains in detail for you.
Gordon Brown’s infamous raid on the UK’s pension funds seemed innocuous. He raised £5bn a year by abolishing the dividend tax credit that pension funds enjoyed at the time, slipping the measure through in his first Budget in 1997 with barely a murmur of dissent. But it was not just that pensioners lost the benefit of a 20p in the pound top up to their dividend income. The cumulative loss of the growth in funds that would have accrued from the reinvestment of those credits may have cost pensioners £250bn over the following 20 years. Worse still, the reduced incentive for UK pension funds to invest in British companies means that they and other institutional investors now own just 4% of UK-quoted shares compared with half of them in 1997. |  | | |
| The Absurdity of It All on 14:47 - Jun 7 with 834 views | SullutaCreturned |
| The Absurdity of It All on 13:45 - Jun 7 by JACKMANANDBOY |
That's why Brown's decision to take money out of the system, rather than strengthen the role of company pensions in providing for an ageing population was short sighted at best.
Brown also stuffed up wages by ' topping up ' peoples wages with benefits, the dull idiot could not see that companies would hold down wages and allow the state to pick up the slack. He should have pushed up the minimum wage incrementally during his tenure.
Brown, of course, bailed out the banks but again didn't have the foresight to include some recourse. Banks now make billions while we are still paying a load of interest on the debt he took on.
The same Brown sold of a shed full of the UKs gold at the bottom of the market, it was almost like he could not interpret the long term trends in gold prices.
Brown also went mad with PFI which saddled the NHS with long term debt.
Brown's short termism was probably down to his own ambition and need to look good today rather than plan for the future. |
That short termism is the real problem in politics, the government and the opposition are both guilty of it. That's why things re getting worse in every area.
Our debts are rising, the deficit isn't dropping, the interest on debts is reaching a crippling amount and prices everywhere are rising too.
Honestly, I don't think it'll be long before they talk about the previously unthinkable and start debating scrapping the state pension. They'd have to give incentives to young people to invest in a provate pension (besides a work pension) but I think it;s coming.
Worse still, because of the mess made by our governments over the last 50 years, it HAS to come.
The welfare state needs a massove culling and people need to work, there are jobs for almost everyone, even if you are housebound you can use a computer. Though obviousky there are gebuine cases where some cannot work.
The welfare state is no longer fot for purpose. |  | | |
| The Absurdity of It All on 16:28 - Jun 7 with 801 views | controversial_jack |
Funds have to be raised somehow. There's no money tree. If we want good pensions etc we have to adopt the Scandinavian higher tax methods. Whether it's through income taxes or stealth taxes as Brown instigated.
I have no problem at all buying cheap convenient gas from Russia instead of expensive LNG from the US and Qatar - not that we bought much from them , hence our high energy costs | | | |
| The Absurdity of It All on 16:56 - Jun 7 with 792 views | Whiterockin |
| The Absurdity of It All on 16:28 - Jun 7 by controversial_jack |
Funds have to be raised somehow. There's no money tree. If we want good pensions etc we have to adopt the Scandinavian higher tax methods. Whether it's through income taxes or stealth taxes as Brown instigated.
I have no problem at all buying cheap convenient gas from Russia instead of expensive LNG from the US and Qatar - not that we bought much from them , hence our high energy costs |
Increase the stealth tax on rental properties would be a good start. Anyone who owns a house they don't need to live in should be taxed to the hilt. | | | |
| The Absurdity of It All on 23:12 - Jun 7 with 706 views | JACKMANANDBOY |
| The Absurdity of It All on 16:56 - Jun 7 by Whiterockin |
Increase the stealth tax on rental properties would be a good start. Anyone who owns a house they don't need to live in should be taxed to the hilt. |
If you own a second rental property you get a tax break on your repairs but if you only own the house you live in there is no tax break for repairs, not very equitable. | |
| |
| The Absurdity of It All on 23:16 - Jun 7 with 704 views | Dr_Winston |
| The Absurdity of It All on 16:56 - Jun 7 by Whiterockin |
Increase the stealth tax on rental properties would be a good start. Anyone who owns a house they don't need to live in should be taxed to the hilt. |
Issue there is where do you draw the line. On paper I own the house my father lives in (via complicated divorce nonsense). Do i pay extra tax or evict my dad and sell the house? |  |
| Pain or damage don't end the world. Or despair, or f*cking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back. |
| |
| The Absurdity of It All on 08:00 - Jun 8 with 660 views | Whiterockin |
| The Absurdity of It All on 23:16 - Jun 7 by Dr_Winston |
Issue there is where do you draw the line. On paper I own the house my father lives in (via complicated divorce nonsense). Do i pay extra tax or evict my dad and sell the house? |
Draw the line at family use. | | | |
Login to get fewer ads
| The Absurdity of It All on 11:11 - Jun 8 with 603 views | controversial_jack |
| The Absurdity of It All on 16:56 - Jun 7 by Whiterockin |
Increase the stealth tax on rental properties would be a good start. Anyone who owns a house they don't need to live in should be taxed to the hilt. |
There's no tax on rental properties. Those landlords would then sell up for the best price possible. There would be no rented accommodation and families would be homeless | | | |
| The Absurdity of It All on 12:43 - Jun 8 with 582 views | Whiterockin |
| The Absurdity of It All on 11:11 - Jun 8 by controversial_jack |
There's no tax on rental properties. Those landlords would then sell up for the best price possible. There would be no rented accommodation and families would be homeless |
And the government would step in and provide affordable accommodation, currently it doesn't have to do it, which is dodging their responsibilities. | | | |
| The Absurdity of It All on 14:14 - Jun 8 with 544 views | controversial_jack |
| The Absurdity of It All on 12:43 - Jun 8 by Whiterockin |
And the government would step in and provide affordable accommodation, currently it doesn't have to do it, which is dodging their responsibilities. |
They would have to build more housing, Where's the funding coming from? | | | |
| The Absurdity of It All on 14:26 - Jun 8 with 534 views | Whiterockin |
| The Absurdity of It All on 14:14 - Jun 8 by controversial_jack |
They would have to build more housing, Where's the funding coming from? |
Or use the housing that you said were being sold. [Post edited 8 Jun 14:36]
| | | |
| The Absurdity of It All on 15:11 - Jun 8 with 506 views | controversial_jack |
| The Absurdity of It All on 14:26 - Jun 8 by Whiterockin |
Or use the housing that you said were being sold. [Post edited 8 Jun 14:36]
|
Those housing would be sold in the market to private buyers for the highest prices | | | |
| The Absurdity of It All on 15:31 - Jun 8 with 499 views | Whiterockin |
| The Absurdity of It All on 15:11 - Jun 8 by controversial_jack |
Those housing would be sold in the market to private buyers for the highest prices |
Nothing to stop government/council/housing association buying them. If there was a glut because of a change of government policy the houses would be underpriced. It's the way forward. | | | |
| The Absurdity of It All on 15:47 - Jun 8 with 471 views | controversial_jack |
| The Absurdity of It All on 15:31 - Jun 8 by Whiterockin |
Nothing to stop government/council/housing association buying them. If there was a glut because of a change of government policy the houses would be underpriced. It's the way forward. |
i'm all for a return to council housing. The trouble is, voters in this country don't want to pay for anything, they want the govts imaginary money tree to do it [Post edited 8 Jun 15:48]
| | | |
| The Absurdity of It All on 16:02 - Jun 8 with 453 views | Whiterockin |
| The Absurdity of It All on 15:47 - Jun 8 by controversial_jack |
i'm all for a return to council housing. The trouble is, voters in this country don't want to pay for anything, they want the govts imaginary money tree to do it [Post edited 8 Jun 15:48]
|
People will pay to rent government stock if its available. Private landlords are pushing up rents as well as the cost of rental stock. Just tax them out of the market and let's go back to councils/government being the main landlords of social housing. | | | |
| The Absurdity of It All on 10:59 - Jun 9 with 354 views | controversial_jack |
| The Absurdity of It All on 16:02 - Jun 8 by Whiterockin |
People will pay to rent government stock if its available. Private landlords are pushing up rents as well as the cost of rental stock. Just tax them out of the market and let's go back to councils/government being the main landlords of social housing. |
There isn't much money to be made from private rental unless you are one of the big companies.Income Tax, insurance, maintenance, legislation all take from any profit, also the responsibility of keeping the property safe | | | |
| The Absurdity of It All on 11:29 - Jun 9 with 350 views | Whiterockin |
| The Absurdity of It All on 10:59 - Jun 9 by controversial_jack |
There isn't much money to be made from private rental unless you are one of the big companies.Income Tax, insurance, maintenance, legislation all take from any profit, also the responsibility of keeping the property safe |
If there is no money to be made why do people do it. | | | |
| The Absurdity of It All on 13:41 - Jun 10 with 309 views | controversial_jack |
| The Absurdity of It All on 11:29 - Jun 9 by Whiterockin |
If there is no money to be made why do people do it. |
It's better than a savings account and you still retain the assets.
I'm sure landlords with numerous properties can make a nice living out of it, but it's not the money maker some think it is | | | |
| The Absurdity of It All on 13:49 - Jun 10 with 294 views | Whiterockin |
| The Absurdity of It All on 13:41 - Jun 10 by controversial_jack |
It's better than a savings account and you still retain the assets.
I'm sure landlords with numerous properties can make a nice living out of it, but it's not the money maker some think it is |
It's interesting how accountants opinions differ regarding long term investments and especially regarding future tax implications in later life. | | | |
| The Absurdity of It All on 13:53 - Jun 10 with 273 views | trampie |
| The Absurdity of It All on 13:49 - Jun 10 by Whiterockin |
It's interesting how accountants opinions differ regarding long term investments and especially regarding future tax implications in later life. |
I don't think the majority of accountants are very good to be honest. |  |
| |
| The Absurdity of It All on 13:55 - Jun 10 with 265 views | Whiterockin |
| The Absurdity of It All on 13:53 - Jun 10 by trampie |
I don't think the majority of accountants are very good to be honest. |
Mine has saved me an absolute fortune over the years and reduced liabilities for inheritance tax after my days. A very comforting feeling. | | | |
| The Absurdity of It All on 13:58 - Jun 10 with 247 views | trampie |
| The Absurdity of It All on 13:55 - Jun 10 by Whiterockin |
Mine has saved me an absolute fortune over the years and reduced liabilities for inheritance tax after my days. A very comforting feeling. |
That's good to hear, what was the reduced liabifor inheritance tax ?, that has recently become a hot topic. | |
| |
| The Absurdity of It All on 14:04 - Jun 10 with 234 views | Whiterockin |
| The Absurdity of It All on 13:58 - Jun 10 by trampie |
That's good to hear, what was the reduced liabifor inheritance tax ?, that has recently become a hot topic. |
Everyone seems to have different criteria and different needs. If you think you are going to be liable for inheritance tax [well family after your days] take legal advice and speak to an accountant if necessary. Plus it seems to change so keep on top if it. | | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
