If Labour had sense, it would understand that a broken economic model is the root of Britain’s malaise. It would adopt a programme of progressive taxation to fund investment in broken services and struggling communities.
Owen believes that Britain does not have a progressive taxation system. Silly, ignorant, Owen.
For every £1 you earn, Universal Credit payments go down 55%. And you lose benefits like free school meals, carer’s allowance, the chance of getting a lifetime tenancy for council house, etc. And you are being taxed on the cost of getting to work and childcare.
In contrast, the rate of actual income tax over 125k is only 45%.
Being given 55% less free stuff because you earned some money yourself is not the same as having 45% of all the money you earned yourself taken away. In the first case the person actually has more money after they’ve done some work than they started with, in the latter far far less. You are forgetting that the ‘income’ from UC is never taxed in the first place, whereas all of the £145k is (as you’ve lost your tax free allowance by then)
IMO all benefits over £12500 should be taxed, to put them on a parity with earned income.
Friday 13th 23:07. All the blog posts of 11th, 12th, 13th have vanished.
I suppose der Sturmer must have sacked them.
What has happened to your blog ? The blog itself is in a condensed layout and the comments are impossible to find. Come back Tim, all is forgiven.
Has fixing the blog lost the last few days posts and comments?
“To save the blog, we had to destroy it.”