Like, with the crumbling social infrastructure all around us, we’re meant to cheer that they’re cutting taxes to underfund it further whilst they strongly refuse to properly tax the rich tax evaders? It’s kinda obvious that when labour gets into power they’ll have no choice but to raise them. So what is this for? Bags of mushy spiderwebs the lot of them are.
Right now the 100 pounds help, when you need social services it will cost you more than whatever you've saved because that 100 pounds didn't go to financing them.
Well we already have local councils going bankrupt, school ceilings collapsing, money wasted on deportation schemes going to court and dodgy covid contracts under the Tories now.
So either you vote Tory and that almost certainly continues or you vote Labor and you find out if they do spend it better.
The problem is that you'll be richer in a much poorer society which means in real terms you still lose out. You'll be living in a country with basically no social safety net. Under the Tories if you get sick there's no more NHS and you'll have to go private and it will cost a lot more than those £100. Your kids will have to go to underfunded schools which will negatively affect their education and life prospects, you'll need to continuously run a car because public transportation infrastructure will be non-existent. Hopefully your house never gets broken into because you you'll never get justice due to the underfunding of the police. Which will lead to more crime.
In the long run you'll lose out. I'd much rather give up £100 today to mitigate future problems
It's about long-term sustainability. They know they'll be out of power soon so they don't give a rat's arse about sustainability.
If they were dead set on doing a tax cut (unfortunately for the good of the country) at least they made it an NI cut rather than an income tax cut.
I can see a way forward for labour if they want to raise more money without straight up reversing these cuts by abolishing NI (or gradually reducing it to phase it out) and correspondingly increasing income and/or capital gains tax.
They can chalk it up as making the tax system fairer by removing the tax on which employees pay more than self employed or those with passive wealth-based income. Simultaneously they can say they are building on the one positive outcome of the previous budget.
There are obviously a lot of people interested in debating me here, which is great, but getting downvoted to fuck just because people disagree with me completely disentivises me putting my opinion forward and I can't be bothered to partake anymore.
I'm not asking for upvotes, I just think it's bad to downvote for no other reason than "I disagree", it turns the website in to an echo chamber.
This place is becoming more like Reddit all the time, it's such a shame
You're not being downvoted because people disagree with you you're being downloaded because you don't understand how taxes work and when people explain it to you your arguing with them.
Your money will be worth more to you when you pay taxes than when you spend it on yourself. If only because it becomes part of a much bigger pot and then scales of economy start to take over.
In your opinion, how much should we be paying to have public services that actually do what they say on the tin. 40%, 50%, 60%? I think paying a third of our incomes is already a huge sacrifice and it's quite frankly embarrassing that our public services are in the state they are given the huge amounts of cash thrown at them.