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    Having read the art

    (Original post by illegaltobepoor)
    http://www.bbc.co.uk/news/uk-politics-35793004

    Well looks like your going to get your Tax cuts. Tories are going to rob the poor to give tax cuts to the rich ............ again.
    icle

    (Original post by illegaltobepoor)
    http://www.bbc.co.uk/news/uk-politics-35793004

    Well looks like your going to get your Tax cuts. Tories are going to rob the poor to give tax cuts to the rich ............ again.
    I don't see the issue after reading the article.
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    (Original post by Rakas21)
    Having read the art



    icle



    I don't see the issue after reading the article.
    Of course you wouldn't. Tories are using a new formula to make pip payments lower. Means less tax for you. Rob the poor and give to the rich,
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    (Original post by illegaltobepoor)
    Of course you wouldn't. Tories are using a new formula to make pip payments lower. Means less tax for you. Rob the poor and give to the rich,
    And what if that pays to keep fuel duty frozen or raise the personal allowance.. not everything that benefits the rich damages the working poor.
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    (Original post by Rakas21)
    And what if that pays to keep fuel duty frozen or raise the personal allowance.. not everything that benefits the rich damages the working poor.
    But that isn't what is happening is it. We are seeing the complete destruction of the welfare state and tax cuts for everyone else.
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    (Original post by illegaltobepoor)
    But that isn't what is happening is it. We are seeing the complete destruction of the welfare state and tax cuts for everyone else.
    I have to say for once I agree with our resident nutter.

    There was so good reason to cut esa and there is just as little reason to cut pip.

    The fact of the matter is getting on pip is very hard takes usually more than a year and cut lots of people off the old dsa.

    I agree with most cuts but not to the disabled


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    (Original post by paul514)
    I have to say for once I agree with our resident nutter.

    There was so good reason to cut esa and there is just as little reason to cut pip.

    The fact of the matter is getting on pip is very hard takes usually more than a year and cut lots of people off the old dsa.

    I agree with most cuts but not to the disabled


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    Absolutely. It seems that the disabled are being constantly targetted to give more tax cuts to the rich - people who don't need it.
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    (Original post by Tiger Rag)
    Absolutely. It seems that the disabled are being constantly targetted to give more tax cuts to the rich - people who don't need it.
    As much as we all swipe at the Tories over cutting taxes for the rich, it's probably worth bearing in mind that they contribute a greater proportion of income tax than they did under any Labour government.

    I'd also say that i too lament a lot of Tory welfare policy (IDS can burn in hell for what he's done) but this particular change seems very reasonable.
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    (Original post by Rakas21)
    As much as we all swipe at the Tories over cutting taxes for the rich, it's probably worth bearing in mind that they contribute a greater proportion of income tax than they did under any Labour government.

    I'd also say that i too lament a lot of Tory welfare policy (IDS can burn in hell for what he's done) but this particular change seems very reasonable.
    How is taking £1500 a year from disabled people ok? And how is ok to possibly remove £1.2 million (or billion) from 640,000 disabled people who need that money based on some ridiculous assumption they may not need that money? Their assumption was based on a survey, apparently where some disabled people said they didn't spend that much on their disability. But that isn't true for many. Especially not when you've got care to pay for.
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    (Original post by Tiger Rag)
    How is taking £1500 a year from disabled people ok? And how is ok to possibly remove £1.2 million (or billion) from 640,000 disabled people who need that money based on some ridiculous assumption they may not need that money? Their assumption was based on a survey, apparently where some disabled people said they didn't spend that much on their disability. But that isn't true for many. Especially not when you've got care to pay for.
    The new formula only reduces allowances for some aids which they would have had anyway (couches, beds). Nothing unreasonable about that i think unless you wish to pay for my bed via your taxes too.
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    (Original post by Rakas21)
    The new formula only reduces allowances for some aids which they would have had anyway (couches, beds). Nothing unreasonable about that i think unless you wish to pay for my bed via your taxes too.
    But some for disabled people, it's not just a case of being able to go into any shop and getting a bed.
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    (Original post by Rakas21)
    And what if that pays to keep fuel duty frozen or raise the personal allowance.. not everything that benefits the rich damages the working poor.
    Raising the income tax threshold doesn't help the very poorest who don't earn enough to pay tax anyway. Over 800,000 people are on zero hours contracts and are perpetually terrified they won't be offered enough work. Back to the bad old days of casual labour at the docks.

    It also doesn't help those who are on very low benefits, carers, ( particularly children who are carers and who don't qualify for anything.)

    What we are saying is that raising the income tax threshold definitely helps the richer people in society but may not help the poorer at all. This is why tax credits etc were brought in.

    Cutting 30 quid a week off what some of the most unfortunate disabled and poorest people ( over 600,000 ) in the country receive is just plain callous. Back to the nasty party.
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    [QUOTE=paul514;63285415]Me too even though I will be a higher rate payer it's just common sense for long term pension saving.

    One of the major problems is expecting that people on low incomes ( or none ) can make any realistic contributions to pensions at all. This is why we need a much higher level of basic state pension funded on a communal basis ie people contribute (or not) relative to earnings but receive a decent flat rate pension according to need. We currently have one of the lowest rates of state pension in Europe.

    The second problem with the current money purchase schemes is that you don't have to pay income tax on any contribution you make into a pension scheme. Consequently a higher rate tax payer will get the basic rate tax he would have paid added to his fund (like a basic rate tax payer ) but also receive a rebate for the extra 20 -25% tax he would otherwise have paid.

    However we rejig this system there will be a bigger tax relief given to those who can save more. As there is little correlation between what people earn in their working lives and the value their work gives back to society inevitably there will be unfairness .

    I guess it all boils down to what sort of country we want to live in and have we got the political will to achieve it.
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    I find it amusing how the Conservative party are willing to seriously sully their name for a couple of billion a year we are talking about something like 0.1% of spending a year.

    They will win in 2020 but a lot of people will tarnish them with this


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    (Original post by Rakas21)
    As much as we all swipe at the Tories over cutting taxes for the rich, it's probably worth bearing in mind that they contribute a greater proportion of income tax than they did under any Labour government.

    I'd also say that i too lament a lot of Tory welfare policy (IDS can burn in hell for what he's done) but this particular change seems very reasonable.
    Problem is Rakas Tories have been doing exactly the same sort of thing which led to the great depression.

    Tories are giving tax cuts to the middle classes and the rich. This is a bad idea because the wealthy do not spend 99% of their income unlike the working classes. The velocity of money has been slowing down in our economy while the wealthy have been hoarding.

    With the Tories in Government you won't see any recovery from 2015 to 2020. Your going to see a huge decline that will even break the 3500 mark on the FTSE100. The EU isn't responsible for this dip on the FTSE100 because the same thing can be seen on the whole world market. Its more to do with the QE bubble and the Tories leaving the economy exposed to it.

    Rakas we've known each other for a while. Behind my Tory smears I know your a decent guy but one thing your going to have to start doing is filtering out all the ******** on the stock market.

    I know I lied about being a trader but that is part of the parcel of political espionage. I initially only came on this website to invoke seeds of revolution against the status quo.

    But anyway ............ just go and compare the FTSE100 to the Dow Jones Index. Take a look at the Dax 30 as well. Your notice we have been declining since April 2015.
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    (Original post by illegaltobepoor)
    Problem is Rakas Tories have been doing exactly the same sort of thing which led to the great depression.

    Tories are giving tax cuts to the middle classes and the rich. This is a bad idea because the wealthy do not spend 99% of their income unlike the working classes. The velocity of money has been slowing down in our economy while the wealthy have been hoarding.

    With the Tories in Government you won't see any recovery from 2015 to 2020. Your going to see a huge decline that will even break the 3500 mark on the FTSE100. The EU isn't responsible for this dip on the FTSE100 because the same thing can be seen on the whole world market. Its more to do with the QE bubble and the Tories leaving the economy exposed to it.

    Rakas we've known each other for a while. Behind my Tory smears I know your a decent guy but one thing your going to have to start doing is filtering out all the ******** on the stock market.

    I know I lied about being a trader but that is part of the parcel of political espionage. I initially only came on this website to invoke seeds of revolution against the status quo.

    But anyway ............ just go and compare the FTSE100 to the Dow Jones Index. Take a look at the Dax 30 as well. Your notice we have been declining since April 2015.
    I told you before it's the slowing and ending of QE that is doing this it's simply the adjustment of stocks and assets to a more reasonable position that isn't a recession those figures mean absolutely nothing to gdp which marks recession or profits for companies.

    What you are right on is the wealthy not spending anywhere near what the lower and middle classes do out of their incomes which means the money doesn't go into the economy and its a problem.

    It's been a problem worldwide since before I was born though.




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    Hi Everyone,

    I thought that you might find the House of Commons Library briefing paper on the background to the 2016 Budget interesting.

    This briefing was produced by Commons Library subject specialists, economists and statisticians. It is a politically impartial, relevant and comprehensive paper, detailing need-to-know information on the current economic situation, the state of the public finances, forecasts for 2016 and risks to the economic outlook – both domestic and from abroad.

    Read the 'Background to the Budget'
 
 
 
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