Are We Still All Still In It Together ?

[mikey4444]

http://www.bbc.co.uk/news/uk-politics-26572914

Failed Tory Chancellor responsible for the September 1992 "Black Wednesday" debacle, now saying that "too many people" are paying tax apparently.

Listening to Lamont talk about fiscal matters must be akin to listening to Herod giving a discourse on child health issues.

So, are we still "all in it together" or that just the poorer part of our population ? Don't wealthy people have a part to play in our economic recovery ?

[Old_Geezer]

IMO too many people are paying tax on purchases when they have already been taxed on that same money when they earned it. Double grab.

IMO many wealthy folk attract existing wealth towards them rather than create it, and then grab a large portion for themselves having added nothing overall.

[jomifl]

Mikey, the poorer part of the population don't pay taxes. If you are an oap you only just reach the tax threshold.

[naomi24]

OG, //IMO many wealthy folk attract existing wealth towards them rather than create it, and then grab a large portion for themselves having added nothing overall. //

I don't understand what you mean. Could you explain that please?

[jomifl]

Many people are excessively wealthy because stupid people freely give them money. Sportspersons and pop stars spring to mind.

[jim360]

We were never all in it together.

[ludwig]

I'll translate it for you Naomi : 'I wish I was rich'.

[naomi24]

Ah, yes, Ludwig. I get it now. :o)

Perhaps the whole system needs reviewing. The Labour government abolished the 10p tax rate for low-paid workers. Would it be a good idea to allow the poorest a little more by reinstating it?

[andy-hughes]

"Still in it together?'

What on earth makes you think we ever were 'in it together', or that we ever would be, or that we ever will be?

[ladybirder]

Or by raising the starting point to £12,500 as I believe Nick Clegg wants to.

Nail on the head there Ludwig:-)

[boxtops]

The article I read made it clear that it's the 40% level they are reconsidering. When upper rate tax came in, the ceiling for 40% was for the top echelons of the workforce only - nowadays a lot of middle management earn more than the £42K threshold, it;s those people who are forced into the top tax bracket..

[naomi24]

.... and isn't that where child benefit stops too? If so, people earning fractionally over that can, in effect, end up a lot worse off than people earning rather less.

[ToraToraTora]

Mikey seems to have abandonned this thread, curious!

[ludwig]

We've never been in it together. The whole point of being rich in the first place is so you don't have to be in the same crap together with all the people who aren't rich.

[naomi24]

^^Quite so. ;o)

[factor-fiction]

Dr Filth- I am pretty sure the 10p band was a very narrow band

[Orderlimit]

Have you got this all a bit back-to-front mickey?