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Britain's sleep walking into its next crisis
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12-28-2012, 01:17 PM | #45 |
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The most laughable word in politics today is 'cuts'. There are no cuts, the rate of increase in public expenditure (ie that spend by the Government in our name) is reducing but that isn't cuts. The amount of bullshit spoken in politics and believed by a gullible public is a joke. We will pay the price for Gordon Brown's largesse with OUR money for generations to come.
I for one am a supporter of a flat tax system, as described in this TaxPayers Alliance paper, worth a read. http://2020tax.org |
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12-28-2012, 01:29 PM | #46 |
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i also support flat rate of tax, as well as withdrawal / reform of the welfare state to a few simple areas:
* Enforced / regulated health insurance w/ privately run health institutions - only A&E should be publicly funded * Something to encourage people to take control of their own existence.. perhaps a tiered reduction in benefits over 10 years? maybe longer... but it needs to be in ALL areas. Job Seekers, Child Benefit, Housing etc.. etc.. flat rate of tax though, although lovely for people already earning over the 20% threshold (where it should probably be set) is an absolutely horrific prospect for those earning below it... a very tough sell! |
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12-28-2012, 01:38 PM | #47 | |
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30% flat tax includes NI though, so am not sure that it would make a huge difference to those earning between the tax threshold of £10K and the HRT threshold at £43K (or whatever it is). The key to this is though that neither of the centre/mainstream parties would have the bollocks or backbone to actually adopt a flat tax system. The other big bug bear of mine is the EU. Leaving the mainstream EU and renegotiating a trading partnership would have huge populist support and save us at least £10Bn/year. Again, none of the spineless, sycophantic bunch of arseholes in Westminster have the desire to do so. |
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12-28-2012, 01:51 PM | #48 |
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i think leaving the EU could be a bit of a double edged sword.. it will save a load of cash, but it will also possibly turn the UK into a very insignificant island in the north sea..
my opinion on the topic is still being formed |
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12-28-2012, 02:49 PM | #49 | ||
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A regulated private health scheme would never work,you only have to look at other areas which were once state owned & ran,and have now been privatised. The Govt can't control those companies any more than they can control the banking sector,despite constant bullshit to the contrary. As for benefit reforms,the Govt are already clamping down in that area,soon there will thousands of disabled people who have no realistic chance of ever finding a job,being told tough,WE (DWP) think you can work,so get out there and find it. Oh and by the way, we are cutting your benefits,so you'll have to find somewhere else to live,where the chances of finding a job are ten times worse than where you currently reside. It must be nice to be rich,and not worry about those who are worse off then you Quote:
Look at Norway,trade very successfully within the EU despite being an outsider, and have arguably the best standard of living in the western world. Yes,Norway is oil rich,however they do export other goods all over the world. The UK need to leave the EU,and soon. Come 2013,when the citizens of other countries have the right to come here,to live and to work,worrying about a pension will probably have slipped down the priority list of quite a few,and the welfare bill will be even more unsustainable than it is now. Britain has walked into what is in my opinion the biggest crisis already,sadly the Labour Govt's eyes were wide open whilst they encouraged and allowed the biggest tide of immigrants to enter the UK be it legally or not since the 50's and early 60's. The coalition are no better,there just as complicit,despite the rhetoric bullshit. It's time to shut the borders,the countries already two thirds sunk in so many ways,lets hope the Politicians see sense and get the fuck out of the EU,and stop kowtowing to the Brussels mafia,who only have their own countries interests at heart. And.........................breathe
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12-28-2012, 03:07 PM | #50 |
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Hot coupe, I'll be your campaign manager.
I think the EU referendum is closer than ever, the clock is ticking and the mainstream politicians know full well what the result of an 'in/out' referendum will be, and it isn't what they want. I want to see the look of Herman van Rompuy's and Baroness Ashton's faces (and their fellow unelected cronies) when the UK give them the good two fingered British salute - the EU is a scandal. |
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12-28-2012, 06:32 PM | #51 |
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Moneyweek
The Moneyweek article paints a much worse picture than I was predicting but then again I knew the 2008 crisis was coming but not when and certainly not on the scale it did. Unfortunately it all sounds entirely feasible, indeed almost likely.
If you think of the money the Government has pumped out to prop up the banks, combined with the money printed by the BoE in its so-called quantitative easing, someone's going to have to pay and since Governments are 100% parasitic, we all know who that will be. The Euro has proven itself to be unmanagable as a currency and I would agree that all that's keeping Britain afloat are generously low borrowing rates. Any rises there and its clear that it all hits the fan. Time to act, I'd say |
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12-28-2012, 06:53 PM | #52 |
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Dont know if it has been mentioned but, a lot of people now have the income from thier parents estates. If this would have been posted 40 years ago i think the widespread panic may have spread.
Today, nah, my parents have looked after me, i will look after my kids and so on and so on. You work for a insurance provider? Grow a pair, get a better paying job, whatever it takes.
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12-28-2012, 09:23 PM | #53 | |
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Care costs are astronomically expensive and is another ticking time bomb. |
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12-29-2012, 01:17 AM | #54 |
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Merry Christmas everyone
Oh, and Pete, I was technically accurate at the time of print . It was Christmas Day afterall so please excuse my lack of depth in my response . Welcome toy cheery world guys!! What do you do Steve?
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12-29-2012, 02:40 AM | #55 |
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I don't have enough knowledge about pensions to really understand lots of things been disscussed here but anyone who describes a Net income of £2400 as 'meagre' isn't living in the real world.
It reminds me of a party of I went to at Uni where a chap from a rather well off family announced to the room at the top of his voice how he didn't see it was possible to survive on a 'Rubbish' wage of £70K a year...bear in mind half of the people in the room didn't have to pay full tuition fees because their parent/s incomes were less than £25k. The chap latter found me and asked me why no one was talking to him |
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12-29-2012, 03:04 AM | #56 | |
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If £2,400 is what the top 6% are making, what to do you think the average pensioner is going to be getting? A lot, lot less, indeed ca. 35%-40% of what their parents got for the same money and that's the point. The point isn't whether £2,400 is a lot or not or whether people can live on £2,400. The point is that it takes a maxed out pension pot to get £2,400 which is a very meagre return on £1.25M Happily for the civil servants and politicians, whose pensions are paid by the tax payers; their top pension is still around $5,200 Last edited by SteveC; 12-29-2012 at 04:10 AM.. |
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12-31-2012, 04:57 AM | #57 | |
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My main point though is that the OP painted a picture of doom and gloom, my answer is to not rely on someone else to sort your finances\retirement for you. Sticking money into a pension pot and forgetting about it is easy but if you go that route, just don't be surprised when it isn't worth as much as you thought it was going to be or the government has raided it to pay for their mistakes. Many people are far too lazy when it comes to securing their financial future. You need to adopt a different attitude, take control of it yourself and take positive steps to ensure that you come up with something that works for you so that you aren't left at the whim of others. |
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12-31-2012, 05:40 AM | #58 | |
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I very much doubt U.K would leave and that the E.U would let it. |
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12-31-2012, 06:44 AM | #59 | |
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Whilst I am in a blindingly grumpy mood, the facts in this article piss me off like nothing else: "In the years between 2003 and 2010, Labour spent a staggering £171bn on tax credits, contributing to a 60% rise in the welfare bill," http://www.bbc.co.uk/news/uk-politics-20873180 Whoever said socialism was dead, this is yet another strand of Gordo Brown's everlasting legacy....the redistribution of wealth and cultivation of the Welfare State dependancy, maybe Sir William Beveridge is turning in his grave. |
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12-31-2012, 06:50 AM | #60 | |
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Unfortunately we don't get to see all the political and more importantly financial machinations that go on behind the scenes, the decision makers don't care as long as they are still getting rich and they are buffered from the real life consequences of their actions, it's us lot that get lumbered with the consequences. |
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