Shmmeee has a good habit and putting words into peoples mouthsHere we go again.
Where did I say that?
Which is why I say about the tax being talked about on inheritance. They sa about 40% of older people help the younger ones buy. Life isn't easy. Or should I be one of those who is doing OK so not care?
So did McDonnell say he is looking at doing it?By your own made up figures (again this isn’t actually Labour policy), each person still gets more than enough for a good deposit on a decent house. That 500k house is only paid off because they bought it for £100k then spent decades voting in politicians who implemented policies designed to raise house prices. That breaks the inter generational contract. That’s why the under 40s are pissed off. Your generation has good jobs, decent pensions, affordable houses, and free education. Then when you became the voting majority decided all that stuff is socialist nonsense and got rid of it.
Are you saying that I have forgotten?I am also doing OK, much more so than I was when I started in the profession. Doesn’t mean that I have forgotten how it was
That was something else :smuggrin:I apologised the other week for confusing a comment somebody had made thinking it was you?
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By your own made up figures (again this isn’t actually Labour policy), each person still gets more than enough for a good deposit on a decent house. That 500k house is only paid off because they bought it for £100k then spent decades voting in politicians who implemented policies designed to raise house prices. That breaks the inter generational contract. That’s why the under 40s are pissed off. Your generation has good jobs, decent pensions, affordable houses, and free education. Then when you became the voting majority decided all that stuff is socialist nonsense and got rid of it.
Here we go again.
Where did I say that?
Are you saying that I have forgotten?
I had it really hard. That is why I don't waste my money now. Then we get Shhhmmee saying how easy we had it. Unbelievable. My eldest kid is 34 youngest is 9. I don't need telling anything. I have seen the changes. You would think with tour comment here that it is never who wants tax to be raised off the poorer of our population and not yourself.
So did McDonnell say he is looking at doing it?
How about keeping to the truth?
We vote in Labour. House prices go up. We vote in the Tories. House prices go up. That is inflation for you. And to burst your bubble....We were told that house prices would crash if we voted leave. We voted leave. House prices continued to go up. Yet it is still our fault.
My generation has good jobs and good pensions? Brown killed off final salary pensions pensions in 2001. I have a good pension because I don't waste my money renting a new car every 3 years. I don't have to have the latest technology every time something new comes out. I don't spend thousands on holidays each year. Instead my money goes into my pension.
Brown and Bliar shafted you. And the funny thing is I see it happening again if Labour get in. But I am whatever you call me for being worried. I fell for it last time. Not falling for it again.
Fucking hell. We are talking about breaking from the neoliberal policies that all parties have had since the 70s. This isn’t about personalities.
Are you seriously telling me education wasn’t free in your generation? Or that the house price to income ratio wasn’t far lower? Or that on average pensions were better?
Because you’d be wrong on all three cases. This isn’t even up for dispute.
I said help to buy a house and also to secure futures. I also said this would help to keep many off relying on the state in older life and not be a burden.When you said we shouldn’t tax inheritance because people need it to buy houses. Seriously if this many people misunderstand you maybe put some effort into explaining your thoughts better.
Why do you think IHT is a bad tax?
Well do you think such a person should be a potential cabinet member or even an MP?
I mean people think Johnson is unfit for office for a couple of unfortunate phrases
What about wages as a percentage of house values? What about deposits as a percentage of earnings? You had it a lot better than current first time buyers.what about interest rates and actual mortgage payments as a percentage of earnings?
That is your take on things.Stop taking everything personally. One of two things can be true here:
1) The millions of young people saying there’s an issue and supported by economic indicators are wrong and a bunch of whiny snowflakes
2) There genuinely is a problem
You seem to be on the side of 1
That is your take on things.
I don't want another long lasting tax burden put onto the working class. As I keep saying it won't affect the rich. It is a Labour idea so it seems OK with you. But that isn't what the Labour party is supposed to be about. That is why I make comparisons to the last Labour government. But it doesn't matter. You know your pension got shafted by them but but but.
Where do I start here? Full of information you know is twisted.Fucking hell. We are talking about breaking from the neoliberal policies that all parties have had since the 70s. This isn’t about personalities.
Are you seriously telling me education wasn’t free in your generation? Or that the house price to income ratio wasn’t far lower? Or that on average pensions were better?
Because you’d be wrong on all three cases. This isn’t even up for dispute.
Stop waffling about Blair and Brown when you are arguing against Corbyn, who the entire point of is a complete break from those two. Labour members agree with you, they didn’t fix what was wrong. That’s why they voted Corbyn in and now all you can say is “what about Blair and Brown”.
Blair and Brown did a lot of good. Their brand of neoliberal economics is better than the Tories version, but both fail to solve underlying issues with the economy.
Anyone who disagrees with this is as blind to the Tories as Shmmeee is to Labour.People think Johnson is unfit for office for a well raft of reasons as you well know. His off the scale dishonesty, his disastrous tenure at the foreign office, his naked ambition over what is right for the country, numerous scandals, wasting public money on projects that never get off the ground, that's just off the top of my head.
As for is Abbott fit as a cabinet member, I don't think she is personally, but I'd say the same about the vast majority of the current cabinet.
It would raise a lot of money off the poorer of our population. But it would do long term damage to Labour like Bliar and Brown did last time. It is a tax grab that the Tories wouldn't dare do. But once done they wouldn't reverse it. Why would they? It wouldn't be their fault.It’s a classic vote loser for any party. It’s a hated tax and any party reducing the ceiling would be trounced
it’s a lazy spiteful measure which would add peanuts to the treasury anyway
It would raise a lot of money off the poorer of our population. But it would do long term damage to Labour like Bliar and Brown did last time. It is a tax grab that the Tories wouldn't dare do. But once done they wouldn't reverse it. Why would they? It wouldn't be their fault.
A lot of truth in this
95% of the population have less than the present £475,000. But nearly everyone who owns their own home will be over the £125,000 proposed. And that is without savings and the rest. Home ownership is at about 65% presently. But the older you get the more own their own home. So the tax would change from just 5% which is the richest to the majority.It would raise very little - currently it raises about £5 billion and that’s of top end earners - it wouldn’t even double the current intake
95% of the population have less than the present £475,000. But nearly everyone who owns their own home will be over the £125,000 proposed. And that is without savings and the rest. Home ownership is at about 65% presently. But the older you get the more own their own home. So the tax would change from just 5% which is the richest to the majority.
No £475,000.it’s £325,000 isn’t it?
95% of the population have less than the present £475,000. But nearly everyone who owns their own home will be over the £125,000 proposed. And that is without savings and the rest. Home ownership is at about 65% presently. But the older you get the more own their own home. So the tax would change from just 5% which is the richest to the majority.
No £475,000.
What if it was lowered to a value somewhere in the middle of the two?
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I said help to buy a house and also to secure futures. I also said this would help to keep many off relying on the state in older life and not be a burden.
Where as with you..... hard to buy a house these days without a deposit. But why should they get a deposit.....And ignore the rest. And it is me that supposedly doesn't listen.
What? You’re the one saying the deposit should come from having parents rich enough to have built up capital. I want it to be down to hard work and ability to earn a decent wage.
Where do I start here? Full of information you know is twisted.
House prices? Just as affordable as now. Have shown you the evidence enough times. We had high interest rates. You have record low interest rates.
Brown and Bliar did a lot of good? Let's forget about the bad eh? Taken to war on a lie. Still feeling the after effects and will do for many years. Pensions decimated. Yet you try to ignore how they were decimated and just state that my generation had it better. This is also false. That happened nearly 20 years ago. So in other words most of my working life. They were Tories n disguise. That has also been provenon here. Bliar speeded up privatisation of the NHS. Yet you choose to also ignore this.
I could go on. But to you they did a good job. They are Labour.
Interest rates were high for a short period. Wages to price ratio was low for far far longer.
You keep stating blatant falsehoods despite being pulled up on it. I’ve repeatedly said I didn’t like Blair’s privatisation agenda, you liked the fricken post so you clearly read it!
Well do you think such a person should be a potential cabinet member or even an MP?
I mean people think Johnson is unfit for office for a couple of unfortunate phrases
An article in the guardian shows statistics that say average income to mortgage rates have hardly altered for 25 years - keep digging
But the amount of people needing a deposit and the amount of that deposit have gone up. So you need the capital there to begin with to even get the mortgage and be part of the stats. Hence why far fewer people in their 20's and 30's own their own homes nowadays and the people mainly benefiting from the low mortgage interest rates are those that already have some capital available.
Btw I'm not saying it was easy in the past getting a house and paying off a mortgage - I know a lot of people in my parents generation who had help off their parents to buy their first home - but it was easier. Highly unlikely my parents could have afforded a house nowadays with their combined income after they got married, and certainly not the one they bought.
An article in the guardian shows statistics that say average income to mortgage rates have hardly altered for 25 years - keep digging
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