Can I retire yet?July 10, 2012 Tim WorstallTimmy Elsewhere17 Comments Volneas 58 minutes ago \”If you want to increase the incomes of the poor just stop taxing them so bloody much.\” Probably the most sensible comment to be read in this or any other newspaper, ever. Be difficult to ever beat that evaluation really….. previousThe Murphmeister\’s blithering stupiditynextLibor keeps getting better. 17 thoughts on “Can I retire yet?” Richard July 10, 2012 at 2:26 pm Pretty good. Being pedantic, you got your NI rates a bit wrong; it’s only charged on income over the threshold, not the lower earnings limit – £146 per week for employees’ NI, £144 per week (an incredibly annoying difference) for employers’ NI. I think the lower earnings limit is the point at which you’re deemed to have paid for your contributions record, not the point at which you actually start paying (although I think it’s still used for the £2/week for the self-employed; NI is a complete dog’s breakfast). See here, and look at the descriptions down the left to see what each rate is applied to: http://www.hmrc.gov.uk/rates/nic.htm But doesn’t change the principle of your article. Arnald July 10, 2012 at 3:08 pm Yes! Retire on that! Then everyone can really see how demented you are! Posthumously too! bilbaoboy July 10, 2012 at 3:31 pm Come on Arnald You’re slipping. Not up to the usual standard. bloke in spain July 10, 2012 at 8:48 pm Yes but it’s early in the day for Arnald. For his best efforts, after closing time is when the quality really appears. This one was even spelt correctly. Frances Coppola July 10, 2012 at 11:05 pm Arnald Do you have a problem with taxing the poor less, then? John Galt July 11, 2012 at 3:06 am No, Arnald’s problem is that he lives on the sunny tax haven island of Jersey, but feels a moral guilt for it (as he is a good collectivist), so comes and plagues Tim’s blog. Fuck off to Cuba Arnald and take your bullshit collectivist ‘tax em til the pips squeek’ with you. I gave at the office (quite literally). James James July 11, 2012 at 9:24 am Arnald actually lives on Guernsey. John Galt July 11, 2012 at 11:38 am Many thanks James James for the correction. Guernsey, not Jersey. i shall try and remember thst. Coming from the equally low tax jurisdiction of the Isle of Man it is difficult to remember sometimes. So many names to remember Isle of Man,Jersey,Guernsey,Sark,Alderney,Sark,Monoco,Singapore,Hong Kong, etc… So many places avoiding / evading UK levels of taxation. How on earth can they survive and why on earth does Arnald live there rather than some high-tax paradise? Arnald July 11, 2012 at 11:41 am Frances No, I have a problem with inequality of distribution. Taxing the poor less will mean lower wages, as the ideology will fail to raise taxes for the rich, or the corps. VAT will bite harder. People will become more disenfranchised. Spending power will be reduced as the drive to reduce wages in order to further company profit will have no limitation. There will be less incentive to train or to be educated as the bottom end of payscales will be reduced. The top end will continue to rise beyond its current rates. It’s completely and utterly idiotic to use people in this way in order to satisfy the greed and the perpetuation of discrimination against the poor, to prove a blackboard equation. Worstall should be ashamed if he really thinks the ASI and it’s ilk are a force for the betterment of society as a whole. It’s a blatant lie. he doesn’t care though. Real life is a game to him. He wouldn’t know about the sum total of humanity, he only notices pithy, unrealistic alterations to centuries old failed dogma. Idiot. Arnald July 11, 2012 at 11:42 am John Galt, you twat. I am taxed the same as I would be in the UK, less VAT. You haven’t the faintest idea what you’re talking about. Johnnydub July 11, 2012 at 1:19 pm Arnald – as I’ve recommended before just go have a wank and chill the fuck out. People who disagree with you are not evil baby eating monsters – in fact in almost all cases they’re just better educated.. Arnald July 11, 2012 at 2:43 pm Johnnydub Maybe you should be directing that at Galt “Fuck off to Cuba Arnald and take your bullshit collectivist ‘tax em til the pips squeek’ with you.” I was perfectly calm, thanks. You seem to very prejudiced, old boy. Maybe you should learn to read before you get ‘educated’. Dear oh dear. Ed Snack July 11, 2012 at 11:03 pm Simple, fuck off you simplistic, moralising, patronising, ignorant cunt, Arnald. Your hatred of people in general and your psychologically disturbed mind will lead you to do great evil, get yourself professionally counselled before it’s too late. Arnald July 12, 2012 at 9:41 am “Your hatred of people in general and your psychologically disturbed mind will lead you to do great evil, get yourself professionally counselled before it’s too late.” Hmm. It must be great being you. Try harder. Jim July 12, 2012 at 9:57 am “Taxing the poor less will mean lower wages” How can this be when we have a minimum wage? The poor will (if working) by definition be on minimum wage, so how can not taxing them reduce their wages? Arnald July 12, 2012 at 10:07 am Because Tim doesn’t believe in the NMW. That’s why I mention it. ChrisM July 16, 2012 at 2:28 pm Tim might not agree that NMW should exist, but I am sure he believes that it does exist. Its existence is fairly demonstrable. Its existence is not contingent on Tim approving of it. Jim’s question therefore still stands. You haven’t explained how not taxing those on minimum wage will reduce their wages. Leave a Reply Cancel replyYour email address will not be published. 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