Getting The UK Economy back on track

[Deleted member 21784]

Sounds like you are paid too much to me...

I like to think of it as extra tax in the kitty

 

[SocketRocket]

Whilst I dont want to punish those on very low incomes, the curent crisis has meant everyone is affected, so I don't see a problem with increasing taxation on everyone for a period of say 2 years. As I said previous, surcharges need to be placed on those who only import to us and don't actually manufacture here. We should also put a blanket ban on the sale of any British business to overseas owners. The sale of British Steel to the Indians was bad enough, but to then allow their sale to the Chinese is downright disgusting.

But it would disproportunatly penalise those on low incomes and many of these would be the vital people we are counting on at present, if everyone is affected should we cut benefits as well. Of course not.

 

[SocketRocket]

How about universal basic income? Is that an idea whose time has come?

Never, if you kill enterprise who will create the businesses that make jobs. The Government?

 

[SocketRocket]

Don't know enough about this, to be honest. How does it kill enterprise?

Explain your view on a universal basic income?

 

[Hobbit]

How about universal basic income? Is that an idea whose time has come?

It arrived here in Spain this week, and the intention is to keep it going after the crisis is over.

 

[Foxholer]

How about universal basic income? Is that an idea whose time has come?

No!

 

[SocketRocket]

My knowledge of the theory is very rudimentary. All citizens automatically receive a basic level of income from the state which is sufficient to live on instead of claiming benefits.

My view on it is that it sounds like an interesting idea that might be worthy of consideration, as per the original question.

You seem to have stronger views - how does it kill enterprise?

If you went to university and gained a degree and masters as say a Civil Engineer and then worked hard for many years to become a Principal would you feel happy if you were paid the same as someone who junked off school and couldnt be bothered to get out of bed in the morning?

 

[User62651]

My knowledge of the theory is very rudimentary. All citizens automatically receive a basic level of income from the state which is sufficient to live on instead of claiming benefits.

My view on it is that it sounds like an interesting idea that might be worthy of consideration, as per the original question.

You seem to have stronger views - how does it kill enterprise?

They have this in Finland. Works for them, most Finn's still are enterprising and aspire for more though so it doesn't kill enterprise.
UK could not afford it anyway.

 

[SocketRocket]

Obviously not but that's not my understanding of how it would work. I thought people would still earn salaries for whatever work they do on top of the UBI? Although subject to taxation, obviously.

Yes, my apologies. I went off half cocked there. It means no one earns less than a living wage You still have to ensure the feckless are not rewarded for their lack of motivation.

 

[User62651]

Yes, my apologies. I went off half cocked there. It means no one earns less than a living wage You still have to ensure the feckless are not rewarded for their lack of motivation.

Rewarded? Money covers enough for a roof, some clothes and food, the basics for human survival. Not more.
Interesting to see the middle class inheritance generation having a pop at the poor as feckless. How many people are truly self made? - very few. Just birth luck mostly. As many feckless rich toffs as any other demographic.

 

[Doon frae Troon]

Cancel Indy Ref 2.

One good thing since the lock down is we have never heard the SNP banging on about independence. Now is the time we all as a nation should be pulling together.

Yes it is great at this time of crisis.

Now if only we could persuade the Scottish Tory, Labour and LibDem leaders to do the same..... as well as stopping them from trying to score pathetic little childish points against the Scottish Government.

 

[Bunkermagnet]

But it would disproportunatly penalise those on low incomes and many of these would be the vital people we are counting on at present, if everyone is affected should we cut benefits as well. Of course not.

It wouldn't, because if you had read my previous comment on this subject you would have read I would increase the pay of all emergency services.
In any case, just because you may be on a lower income doesn't mean you shouldnt still contribute to help the country recover.

 

[Val]

I have now done a calculator for the extra tax

NI the same

tax would be extra £1752 per year

im not paid monthly as im 4 weekly for some old reason i can never remember so about £135 a month less in the take home. id say it would be a fairer option of taxation for sure.

So in effect what you are saying is give up my hobbies and give my money to the government just because? I already pay them plenty and I've no desire to pay them any more

There is nothing fair about the system you are thinking.

 

[Hobbit]

Would love the idea in principle but when we can't even provide a decent state pension I doubt it

How about age 55 say you get this income providing you give up your job for younger generation to move up the ladder and so on.. really boost that way

But then that's ageism , but again would reward people for working hard and have some time to enjoy rather than retiring what late 60s now nearer 80s by time this mess is over the

Great idea. Retire at 55 on, say, double Spain's UBI. That makes it €400, about £350. Can't see that being very popular. Two things; there's a law that allows people to retire when they want, once they reach 57, which basically means they can work as long as they want. And you know people will be retiring in their 80's?

But why would you want tax payers to retire? They go from being givers to the state to becoming takers from the state. Really?

Appreciate your post is only a few lines long but its missing a huge amount of detail.

 

[Deleted member 21784]

So in effect what you are saying is give up my hobbies and give my money to the government just because? I already pay them plenty and I've no desire to pay them any more

There is nothing fair about the system you are thinking.

I was saying the difference between tax in Scotland and tax in England (as you pointed out) so I looked into it and that's what I would be paying more. That's yes a fair whack to be given up but would be spread out across the board

 

[Deleted member 21784]

Reply deleted as I had the wrong figure think got confused with another idea saves further confusion

 

[SocketRocket]

It wouldn't, because if you had read my previous comment on this subject you would have read I would increase the pay of all emergency services.
In any case, just because you may be on a lower income doesn't mean you shouldnt still contribute to help the country recover.

I'm not talking about emergency services, they dont get really poor wages, what about the supermarket workers, delivery drivers, postmen(person) etc who are on or near minimum wage, how can you take any more from them and as I said shoud those on benifits get less to pay their part. I suggest not, those with the broadest shoulders need to take the strain.

 

[Bunkermagnet]

I'm not talking about emergency services, they dont get really poor wages, what about the supermarket workers, delivery drivers, postmen(person) etc who are on or near minimum wage, how can you take any more from them and as I said shoud those on benifits get less to pay their part. I suggest not, those with the broadest shoulders need to take the strain.

The virus can affect and kill anyone, regardless of wealth, income or job. Therefore as the whole country is paying a pricenow so must we after it is over.

 

[SocketRocket]

Rewarded? Money covers enough for a roof, some clothes and food, the basics for human survival. Not more.
Interesting to see the middle class inheritance generation having a pop at the poor as feckless. How many people are truly self made? - very few. Just birth luck mostly. As many feckless rich toffs as any other demographic.

If someone is feckless then why should another person who works hard for low wages put a roof over their heads. I'm not talking about people who fall on hard times, feckless people are lazy and live off others efforts. It's a typical socialist ploy to defend such people by suggesting their status is a fault of the better off.

 

[SocketRocket]

The virus can affect and kill anyone, regardless of wealth, income or job. Therefore as the whole country is paying a pricenow so must we after it is over.

I find that logic impossible to understand. Each contributes according to their means.