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Keir Starmer told to end pensioner poverty as 2.8 million struggle on low incomes

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3 hours ago, Will B Good said:

A Dutch single person receives a State pension that is 40% more than a UK single persons State pension.....we are being ripped off.

And their contributions ie tax.

35.82% tax rate for income from € 0 - € 38,441 and a 37.48% tax rate for income from € 38.441 - € 76.817. Above this, the tax rate is 49.5%.

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  • Of course, this will completely ignore the 6xx,xxx people worldwide who have had their state pensions frozen since they first received it,

  • He can't afford it, he is spending 8 million a day on illegal invaders, have to look after those with no right to be in the country first!

  • Will B Good
    Will B Good

    A Dutch single person receives a State pension that is 40% more than a UK single persons State pension.....we are being ripped off.

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44 minutes ago, Will B Good said:

 

Create a national investment fund

 

Invest internationally to generate pension income.

 

means-tested pensions

 

Close tax loopholes and broaden the tax base.

Closing loopholes will seldom happen as it is political unpalatable for the elite that control the UK.  Starmer has already been co-opted.  Recently in the budget speech Reeves mentioned 'trickle-down'.  I laughed bitterly.  Trickledown economics a con-game if there ever was one.

3 hours ago, Will B Good said:

A Dutch single person receives a State pension that is 40% more than a UK single persons State pension.....we are being ripped off.

How much do they pay in tax when working?

all that money given to Ukraine and migrant needs instead of British pensioners..  mind you, its not just started under stamer

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6 minutes ago, Chomper Higgot said:

It does actually.

 

"Would". Not "Does".

 

The trouble is the immigrants that the UK are getting are young, but not educated and not upwardly mobile.

 

Hence they are a further drain on the system for many years to come. Hence less money for the pensioners that actually contributed to Britain all their lives. 

5 minutes ago, MarkBR said:

Immigrants is how the USA transformed itself into the most powerful nation on Earth.    Of course, given the toxic nature of that debate in UK, as you intimated the chances of that are small.  UK will dwindle into irrelevancy - potentially a third world country unable to do anything due to not have enough taxpayers who pay appropriate amounts.

The strange thing is when US Americans suggest copying them.  They have a massive problem with poverty in the US, why would anyone want to copy their social welfare (or lack of effective) system?  Same goes for their tax systems, which Warren Buffett pointed out has some deeply rooted stuctural problems.

1) The USA does a much better job of assimilating people then the European counties. 

2) The poverty rate in Europe is a tad over 21%.   You have nothing to brag about. 

3) The European social welfare state is unsustainable.  

7 minutes ago, MarkBR said:

Closing loopholes will seldom happen as it is political unpalatable for the elite that control the UK.  Starmer has already been co-opted.  Recently in the budget speech Reeves mentioned 'trickle-down'.  I laughed bitterly.  Trickledown economics a con-game if there ever was one.

Blaming loopholes for structural problems is silly.  

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12 minutes ago, TedG said:

The elephant in the room is the aging population and declining birth rates.   Which holds true for the counties in the West.   The social welfare state will crush the younger generations.  

 

I think pay as your go systems are a problem.   These need to be phased out and replaced with individual investment accounts. 

There are other elephants in the pension room.

 

For example tax relief on private pensions massively favour the wealthy.

 

As does the 25% tax free lump sum.

 

 

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19 minutes ago, Chomper Higgot said:
25 minutes ago, Will B Good said:

The solution is a massive influx of young, educated, upwardly mobile immigrants........that'll work....555

It does actually.

 

How does it work when they're functionally uneducated and unwilling to adapt to the culture of their new digs? 

 

I don't know anybody that's against immigration done properly.  But that's not what's been happening on either side of the pond (or even the channel).

 

13 minutes ago, JonnyF said:

 

"Would". Not "Does".

 

The trouble is the immigrants that the UK are getting are young, but not educated and not upwardly mobile.

 

Hence they are a further drain on the system for many years to come. Hence less money for the pensioners that actually contributed to Britain all their lives. 

Go back and read the post I responded to and see if it sinks in which immigrants it was referring to.

 

Here’s a clue, it’s not your triggered nonsense.

Just now, impulse said:

 

How does it work when they're functionally uneducated and unwilling to adapt to the culture of their new digs? 

 

I don't know anybody that's against immigration done properly.  But that's not what's been happening on either side of the pond (or even the channel).

 

I don’t go in for such broad pejorative generalizations, that’s your thing.

 

 

11 minutes ago, TedG said:

1) The USA does a much better job of assimilating people then the European counties. 

2) The poverty rate in Europe is a tad over 21%.   You have nothing to brag about. 

3) The European social welfare state is unsustainable.  

 

Wasn't it Jamie Dimon that recently pointed out that Europe used to be almost on parity with the US a few decades back, but now they're at 65% of the USA's GDP?

 

24 minutes ago, Chomper Higgot said:

It does actually.

 

It was tongue in cheek.....thinking of the likes of the ferrous guy.

19 minutes ago, frank83628 said:

How much do they pay in tax when working?

2%

4 minutes ago, Chomper Higgot said:

There are other elephants in the pension room.

 

For example tax relief on private pensions massively favour the wealthy.

 

As does the 25% tax free lump sum.

 

 

The big issue is the population demographics. 

1 minute ago, impulse said:

 

Wasn't it Jamie Dimon that recently pointed out that Europe used to be almost on parity with the US a few decades back, but now they're at 65% of the USA's GDP?

 

Yes, Europe is not keeping up with the USA growth wise.   They also are not innovating.  

 

https://ec.europa.eu/newsroom/eismea/items/826237/en

 

The huge social welfare state has issues.  

49 minutes ago, Chomper Higgot said:

No UK pensioner is paying taxes on their state pension unless they have other additional income.

 

 

It must be just me then..

Currently my State Pension pays out £1,068.40 every 4 weeks or £13,892pa

The tax threshold is fixed at £12,570pa , therefore I am liable for 20% of the difference in tax approx. £264

If I have other income , then that is taxed at the prescribed rates according to the amount earned + that £264 is deducted spread over the course of the financial year.

Alternatively , if there is no other income earned apart from the State pension , then the amount is held as a debt.

It is not clear yet as to how or if collection of that debt will be enforced.

 

 

23 minutes ago, Will B Good said:

2%

Yeah, so guessing it's more than 20% brits pay

20 minutes ago, TedG said:

The big issue is the population demographics. 

Yes, that too.

 

 

18 minutes ago, a3tsw said:

It must be just me then..

Currently my State Pension pays out £1,068.40 every 4 weeks or £13,892pa

The tax threshold is fixed at £12,570pa , therefore I am liable for 20% of the difference in tax approx. £264

If I have other income , then that is taxed at the prescribed rates according to the amount earned + that £264 is deducted spread over the course of the financial year.

Alternatively , if there is no other income earned apart from the State pension , then the amount is held as a debt.

It is not clear yet as to how or if collection of that debt will be enforced.

 

 

So you are in receipt of SERPS or otherwise enhanced state pension.

 

The State Pension is below the zero tax allowance.

Just now, Chomper Higgot said:

Yes, that too.

 

 

A massive problem which few are willing to face in many countries. Japan has gone totally for automation but this will not solve the lack of babies.  Especially, given the horrendous of childcare in the UK, and just feeding more mouths in a family in modern Britain where it is very difficult to survive economically even on 2 incomes for poor working class or lower-middle class families.

1 minute ago, MarkBR said:

A massive problem which few are willing to face in many countries. Japan has gone totally for automation but this will not solve the lack of babies.  Especially, given the horrendous of childcare in the UK, and just feeding more mouths in a family in modern Britain where it is very difficult to survive economically even on 2 incomes for poor working class or lower-middle class families.

I don’t disagree,

 

Trickle down economics has failed.

4 hours ago, Will B Good said:

A Dutch single person receives a State pension that is 40% more than a UK single persons State pension.....we are being ripped off.

That's why many UK pensioners come to Thailand, seeking a life in a 600 Baht room and food for 40 Baht.

In addition no Health Insurance.

But hey, there is always the #gofundme way for begging money.🙏

1 minute ago, newbee2022 said:

That's why many UK pensioners come to Thailand, seeking a life in a 600 Baht room and food for 40 Baht.

In addition no Health Insurance.

But hey, there is always the #gofundme way for begging money.🙏

 

Yes...need to look into that.

Come to Thailand.

Here everything is cheap.

Cheap accomodations

Cheap food

Cheap Charlies

Cheap sex

Cheap hospitals or

Cheap flights home. Just start #gofundme.

2 minutes ago, Will B Good said:

 

Yes...need to look into that.

2.8 million will come next to Thailand to fulfill the 40 million goal/tourists.

Sir Keir should grant them free flights to solve his problem.

53 minutes ago, TedG said:

1) The USA does a much better job of assimilating people then the European counties. 

2) The poverty rate in Europe is a tad over 21%.   You have nothing to brag about. 

3) The European social welfare state is unsustainable.  

Where you read that?

Supply a proof. But I reckon you can't.

43 minutes ago, impulse said:

 

How does it work when they're functionally uneducated and unwilling to adapt to the culture of their new digs? 

 

I don't know anybody that's against immigration done properly.  But that's not what's been happening on either side of the pond (or even the channel).

 

You're ill informed. It's perfectly done in Denmark. Check it out by yourself 

18 minutes ago, MarkBR said:

A massive problem which few are willing to face in many countries. Japan has gone totally for automation but this will not solve the lack of babies.  Especially, given the horrendous of childcare in the UK, and just feeding more mouths in a family in modern Britain where it is very difficult to survive economically even on 2 incomes for poor working class or lower-middle class families.

Russia got the same problems. 

To enhance productivity Putin offered 6000 USD for every child and a lot more incentives I read.

So, start this evening (or morning, depends on gusto)

2 hours ago, Will B Good said:

 

Create a national investment fund

 

Invest internationally to generate pension income.

 

means-tested pensions

 

Close tax loopholes and broaden the tax base.

Sounds like communism. The fair way should be the pension to depend on all the taxes paid by the individual according to their tax returns. 

All this quasi communism redistribution will end where the Eastern bloc ended. I've seen today on the Australian Financial Review that more than 50% of voters are now receiving government money as their main income. 

 

https://www.skynews.com.au/australia-news/politics/debtfunded-largesse-majority-of-voters-depend-on-government-income-new-research-finds-as-public-spending-hits-postwar-high/news-story/a071d267d2a7468e74228189e1c8b9d8

 

"Drawing on influential economist Frederic Bastiat’s warning that “the state is that great fiction by which everyone tries to live at the expense of everyone else”, Mr Carling argues Australia has crossed a tipping point.

“Without a determined reset of expectations, Australia risks sliding into a European-style welfare state — slower growth, higher taxes and a culture where ‘voting for a living’ replaces ‘working for a living’," he said."

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