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    tax, we need taxation to pay for roads and stuuf

    do you kno what i meN??
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    (Original post by Zzzyax)
    tax, we need taxation to pay for roads and stuuf

    do you kno what i meN??
    I'm so enlightened.

    Thank you.
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    (Original post by yaboy)
    Could you imagine earning £50million and then having £25mill ripped away from you???
    That's why all the millionaires move to Monte Carlo :yeah:
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    (Original post by euphful)
    Yes, getting by on a measly £50k a year after tax is just inconceivable...
    Well, it's definitely not inconceivable, but it's not fun. You'd be all, "Damn, I could have bought a Maserati."
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    (Original post by BarackObama)
    Do you think the system we have here in the UK is good / bad, fair / unfair? Which country do you think has it best? What would your ideal system be?

    I recently found out that Russia have a flat rate of 13% and am now half-seriously considering moving.
    Countries with a long established welfare system and a high rate of tax often seem to have a better quality of living and better indexes of happiness overall.
    However as someone pointed out with Russia they have a very poor standard of living.
    Personally I'd rather pay higher tax and get more out, than pay lower tax and only get what I pay for privately.
    I understand that with our system now we have a lot of wastage and people feel like they don't get out what they put in, however I'd say this is down to a problem in spending and budgeting and not a justification for paying less tax. Don't destroy the system; improve it.


    Just my opinion
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    Incidentally, it's very possible that the poorer in society pay a similar amount (EDIT: percentage of their income) in tax to the richest.

    I'm no economist, but clearly a household who has no money at the end of each month is likely to have spent a large proportion of it on VAT-eligible products, while the rich (generally) simply save their income, effectively taking it out of the economy and contributing little after income tax (relative to earnings).

    Tax is much more complex than basic percentages, and it is foolhardy to approach it as such.

    As a side note, my heart absolutely *bleeds* for those who lose £25mil in tax. They must lead a terrible life.
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    (Original post by Aspiringlawstudent)
    Taxation is morally no different to theft, in my view.

    (Original post by BarackObama)
    You are my soulmate.
    Definitely understand this point of view. But in reality - wouldn't you rather not have taxes mugged off you, and it's spending shared between yourselves as well which covers everybody's needs?
    (Original post by Dmon1Unlimited)
    I'm not too knowledgable in this area sadly

    I like tax being used to completely fund things that should be available to everyone e.g health/education (why should people not be educated or be saved from death just because they are poor?). In terms of being fair to both the rich and the poor, I think the most appropriate option is to tax the same percentage out of everyone (what this percentage is I don't know, and am sure it will have some issues that need resolving)

    The main issue i hear from people however seems to be getting what you paid for. This doesn't mean we should remove using tax to pay for the above, but it means we should put more focus on trying to get good value while making sure education/health etc is not substandard at the same time
    Agree about the percentage thing(and the rest). For the whole of my life this has confused me; I've been thinking that differing percentages are unfair, equivalent percentage is the fairest way.
    Saying that, I haven't done proper research on this subject; I'm just going off common sense. I have studied a bit of economics and come across politics in my Stats modules that make me think I may have been wrong all these years and that there may be some sense in increasing percentage taxed with incomes but I don't know why that is as I don't have the time to research it at the moment(yet I'm on TSR all day :facepalm:)
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    Taxation is the art of forcefully removing money from those who produce things, in order to pay for what you deem desirable for your electorate.

    Whether or not what you, as an elected politician, deem desirable, is actually desired or objectively desirable, is another matter. I would argue that the Iraq war was not desirable. And yet it was paid for by tax.

    Some people believe that all money should be taxed at 100%. They are called Communists.

    Others believe that nobody should be taxed at all. They are called Anarcho-capitalists.

    Both follow ideologies of equally breathtaking idiocy.
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    (Original post by AT06)
    Tax goes up, yet the quality of the services at both a local and national level goes down. I don't mind paying tax, but at the moment it feels like I'm not getting what I've paid for.
    I agree with this too much.
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    (Original post by HopefulMidwife)
    I agree with this too much.
    Likewise.

    I really do think university should be free, while I'm on it. At least for arts courses. :erm:
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    (Original post by BarackObama)
    Likewise.

    I really do think university should be free, while I'm on it. At least for arts courses. :erm:
    Hmm, I don't know about free, but maybe more affordable and not with a so much debt?

    Haha, maybe arts can be free
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    Social Democracies don't work, well they do for s while but eventually they crash and burn, like we will.


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    Flat tax should be introduced. Taking more money (proportionally) from someone just because they have probably worked harder and tried more is plain stupid.
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    (Original post by BarackObama)
    I really do think university should be free, while I'm on it. At least for arts courses. :erm:
    Huh? I don't necessarily think this is a totally ludicrous idea, but its completely against the low tax small state stuff you've been preaching so far in this thread. Why arts courses specifically? Because they are less likely to yield a high income post-uni? That's about as socialist as you can get!

    Surely if you are going to be consistent with your previous views, you need to either be in favour of: everyone paying for their own uni fees (as you don't like tax), or if we're going on the premise that high taxes exist, what should we get from it... you should be in favour of only funding economically worthwhile courses (which i presume you are implying would be sciences).
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    (Original post by nexttime)
    Huh? I don't necessarily think this is a totally ludicrous idea, but its completely against the low tax small state stuff you've been preaching so far in this thread. Why arts courses specifically? Because they are less likely to yield a high income post-uni? That's about as socialist as you can get!

    Surely if you are going to be consistent with your previous views, you need to either be in favour of: everyone paying for their own uni fees (as you don't like tax), or if we're going on the premise that high taxes exist, what should we get from it... you should be in favour of only funding economically worthwhile courses (which i presume you are implying would be sciences).
    They should cost less because they a) cost less to run and b) have a much smaller earning potential for the average graduate.

    And I don't know, man. Let me bring you back to the example of Russia: 13% tax rate for everybody, and all universities are free. You only pay if you don't do well enough in the entrance exams (which is reasonable).

    In an ideal world, we'd have free higher education and a relatively low flat tax rate, I think. 45% is kind of laughable.
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    If people are happy to pay tax, then it doesn't need to be taken by force anyway. The whole point of tax (as opposed to any other transaction) is that people who don't want to pay it are still forced to.
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    (Original post by BarackObama)
    That's why all the millionaires move to Monte Carlo :yeah:
    Do they. With a 45% tax rate an awful lot seem to be moving to the UK.
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    (Original post by BarackObama)
    They should cost less because they a) cost less to run and b) have a much smaller earning potential for the average graduate.

    And I don't know, man. Let me bring you back to the example of Russia: 13% tax rate for everybody, and all universities are free. You only pay if you don't do well enough in the entrance exams (which is reasonable).

    In an ideal world, we'd have free higher education and a relatively low flat tax rate, I think. 45% is kind of laughable.
    I think it just shows how much we are being ripped off, the amount of tax we pay and what we get compared to Russia.
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    (Original post by HopefulMidwife)
    I agree with this too much.
    http://www.youtube.com/watch?v=5Wx5PYZIWcQ

    Milton Friedman explains it
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    (Original post by MatureStudent36)
    http://www.youtube.com/watch?v=5Wx5PYZIWcQ

    Milton Friedman explains it
    Can't watch yet because I'm at work, but will watch when I get home. Is it good?
 
 
 
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