Plans for over-40s to pay more tax

So do I. I would have also replied with those corrections if you’d have implied everyone did do all of those things. I do wish the article would have included more information on those of working age or younger that also need care though, the number is not insignificant but they are often forgotten.

 

People are going to have to accept higher taxation if we want to keep funding the services we say are important to us and also pay for the foolhardy lockdown.

Given these indisputable facts, I favour any taxation policy that tries to protect young people as they’re already in the far most difficult financial situation of any generation currently alive, particularly given the coming economic depression we have just elected to cause.

 

With regards mental health care which is a huge cost the number of younger people (as in working age) is ridiculously high. I can't remember the exact figures but the money spent on it is through the roof

 

Why are they in a worse financial position?

 

I think the idea of this is that we pay extra tax to pay for our own care, should we need it, as we get older.

Those of working age or younger requiring care can't really do that as, if they need care, their working opportunities are limited.

I didn't mean to imply we would all need care as we got older.

 

Lower average wage to house price ratio than any generation in history. Massive unemployment incoming in this age group because of the lockdown recession. First generation impacted by zero hours contracts. Lack of state access to free education afforded to previous generations.

 

The tax loop holes have been closed, the off shore dealings investigated. We’re in 2020 now.

 

Unemployment was already a huge problem for young people before lockdown.

One of the many problems of the government making everyone work longer before retirement is there are fewer employment opportunities for those entering the job market.

 

Without wishing to sound all 'four yorkshireman' we bought our first house in December 1980. We had been on holiday in June 1979 a week in Yarmouth and that was the last holiday of any kind we had until August 1983 which was a week in Keswick.

Our tele was a portable black and white which was on a fold down chair. Sacrifices? we didn't view it that way as we were delighted with our 2 bed end town house in Mapp. Do you know what it,even had gas central heating.

 

Posh! Ours didn't in 1981! And we had to get up off t'settee to switch (black and white) telly over!

 

Hardly anyone went abroad then though and tbh the cost of a holiday in Spain isn't much more than holidaying in England. And yes so far house prices aren't so bad here but it's a growing trend for people in the South to sell their houses and get something bigger " up north" which will push prices up here to. Plus a lot of the houses being bought as rentals. I think right to buy shpuld apply to those too, it would stop greedy landlords .

 

Course they have ... Google tax loop holes and it tells you how you can legally do it. Close them.

43 trillion sitting in offshore accounts ... all legal no doubt.

 

at least by hitting the over 40’s they’re leaving us over 50’s alone

 

Nah, they should add another bracket above the one currently there, maybe like £500k/year and tax that at 90%. Hit the footballers and CEOs.

 

I've grown up working towards retirement at 65.we have already been japped with the endowment mortgage. Then came you cant have state pension til 67 even though if you'd paid 30 odd years NI contributions you were told you would get a full pension.now they are saying you will be paying more tax. The big one yet to come pensions will be worth bugger all in 10 years time in my case.

 

Where were you living when you were saving the deposit out of interest?

Also just because it's possible doesn't mean it's fine or there's nothing to complain about.

 

It's all fine and well putting up taxes but each subsequent generation is becoming poorer and poorer and now the UK has a debt greater than it's GDP which of course has to be paid for . I remember the 80/90 s when they went on about the " pensions timebomb " but chose to do nothing but kick the can down the road . Now I have to work longer and fund the folk who chose to kick the can ?

 

The same generation who voted to end free tuition, sell off social housing and to keep their triple lock pension while expecting the young to keep funding their choices by paying more tax and working longer?

 

If that’s what we did !
You speak as if you’re the first generation to support the elderly but you’re not we did exacty the same now it’s our time.It boils my blood when someone wants to end something that they’ll be as grateful for when they reach that age ,
It’s what our fathers did it’s what we did and it’s what you’ll do and you’re sons will do

 

It's what our fathers did whilst being able to enjoy free university tuition, buy a house and support a family on one income etc. etc.

It boils my blood when generations are unable to admit that they were dealt a much better hand and have to some degree shafted the generation that follows.