The only people who won't be loosing thousands in new unwarranted taxes will be those sitting on the labour benches, because they will exempt themselves
It does not matter which party is on the bench. If you are there, you are safe. If you are in the entire rest of the UK, born domestically and working, you will pay them to take as much from you as they want. And for some reason we put up with it.
I love how presumably a native speaker makes 4th grade mistakes while writing in his own language. Even me, foreigner, knows the difference between lose and loose. And you want to tell the government what they should do?
This election was fundemantally a loose loose lost situation. Those that voted Tory should be ashamed of themselves, those that voted Labour because they couldn’t take anymore Tory, I sympathise with, those who believe Keir and this Labour government are going to give the people of the U.K what they need have been hood winked. Thery should feel no shame. Please enlighten us all how any of the parties were the right choice for the U.K?
What choice did the people of this country have, a corrupt party that had been in power for fourteen years or a person that told them everything they wanted to hear. What most people don't want to believe in is that they are all one party, that only look after themselves. Personal I don't vote because I never had confidence in any leaders that take taxpayers money for themselves. So could you blame them when they thought they were doing the right thing.
@@MegaKapo12 the tax free pension is a special deal he negotiated for his time as DPP. Farage and Boris will be taxed at the same rate on income as everyone else
@@MegaKapo12no free pension for boris or farage keir starmer is the only one with a £1.7 million pension pot as the head of department of public prosecutions with the help of new labour fact and boris has paid all his taxes at 45% fact and keir starmer has paid 25% tax even thou he’s in the 45% wage bracket with creative accounting tax avoidance which boris hasn’t done fact
They should hit Amazon, BP, Shell, BT offshore gambling companies and companies like Sainsbury's and Tesco, who are causing people in poverty so much pain by hiking prices just to increase profits.
@@nicksimmons7234 Starmer, who has attended Davos multiple times, literally said that he prefers Davos to Westminster. By accusing him of being a conspiracy theorist, all you are doing is exposing yourself as a drone who gets their opinions spoon fed to them by the media.
Absolute jockey. I've been working class person for half my life and and ive been working and paying taxes, only in my last 6 months I can finally afford stocks and shares and now u want to rob me of my hard work. Take our money and see if you're reelected in 4 years.
What "hard work" is involved in sitting back and letting your capital grow just because you believe that you are entitled to "dividends" Are you aware that the reason the water companies are pumping raw sewage into our rivers and streams is because the companies paid money in dividends rather than invest it in the infrastructure? The main reason young people can't afford to buy homes is because people who already have homes are driving up the prices by buying up houses on "buy to let" mortgages, only to rent them out to the people they are outbidding and creaming off a fat profit.
@@Ohm_megaGo and educate yourself about economics and then come back. The economics of ‘I want what they have so I have to tell myself it’s unfair’ isn’t going to cut it.
Yeah but did you consider that some people didn’t work as hard as you but we’re all the exact same anyway so you must have somehow ‘stolen’ it from them? Your hard work generated wealth and tax revenues in the UK, therefore you must be punished for it! Should’ve stay at home and claimed benefits mate.
I am an old age pensioner who relies on savings to top up my pension income in order to get by. The government has already taken away my winter fuel payment; does this mean I will also be in Rachel Reeves' cross-hairs for a further tax hike because I am not, by their narrow definition, a 'working person'?
@@bartz4439so why should my business pay the full rate of tax? Why can we not negotiate our tax rate? Apply the rules equally. At that point you may as well argue all businesses shouldn’t pay tax as it’s a cost that will be put on consumers. It’s a silly argument.
@@MrSpeedy99 tax is just a cost of business. Do you think if restaurant owner rent goes up, he keeps food price same? So who pays for higher rent? Owner or customers?
@@kingjesse4184 I have. I pay it on everything as well as income tax. The corporations claim this back so pay nothing and then pay little or no income tax. You sound like one of these capitalists that has no capital. Lol.
You are not really paying attention. hate Labour, but this is a good idea.I think the mistake going on here is to focus on a "type" of person rather than a type of economic activity. Taxing actual WORK is a mistake since that is what feeds the economy. However taxing money made from NOT working is a good idea since that aloows the government to tax without harming the economy. So money from investments, off shore, stock &shares, Crypto, and other "rent seeking" activities are a ball and chain on the economy and are parasitic. Tax them and there is no negative effect.
@@chazwyman Money made from investments is not a "ball and chain on the economy", what are you on about mate. If people make less money from investments, they (usually) don't invest as much, so companies don't have as much money for research and development, production equipment, and innovation. That means the economy doesn't grow as much, jobs aren't created as much and wages don't rise as much. However I agree that crypto investments are useless and it's mainly a way for idiots to get scammed. I also agree that if the government needs to raise taxes so the economy can actually work properly, it's probably better to increase tax on investments than to increase income tax right now since taxes on working people and the cost of living is far too high at the moment.
Working class British are 3 months away from being homeless…… that’s my definition….. lived it, experienced it, know how worthless you feel when asking the government for help after paying taxes……….. working class
Bailing out the financial sector in 2008, poor economic policy and paying the country to stay at home for 18 months because there was a nasty flu going around.
I'm not I'm retired, my money is salted away in tax free wrappers there's a lot of bed wetting going on given that if they don't raise taxes they can't invest and if they don't invest the economy will stay stagnant if not get worse and they also have to fix a lot of stuff the Tories broke
@@SlowhandGreggovernment investment doesn’t make money for anyone but politicians schoolmates. Let startups invest and they’ll show you trickle down economics, established corporations won’t.
She lied on her CV she was not a Economist She put non expenses of 4K on her parliamentary credit card so had her card taken away She has Lied about every thing in their Manifesto She took gifts from Lord Alli Can we trust this women with the threasury I DONT THINK So she should resign.
She was also incapable of filling in her own tax return. She claimed on her MP expenses for the cost of someone to do it for her. If she cannot fill in her own tax return, why should she be trusted with the entire nations taxes??
@@janetcryer887 Reeves presumably paid someone to fill in her tax returns because they'd know better than she does how to evade taxes most efficiently.
Love his suit and glasses. Wonder where this working person blagged them from, some ultra rich labour Donor called Alli who pays no tax on his company profits.
Got his own pension all nicely sorted first via a personal act of parliament no less . He despises the investors ,as where do's he imagine these people are putting their money ,almost as much as the Pensioners and particularly the real working class .At heart he's just a stupid bigoted snob , and adequately represents the party that still has the audacity to call itself the Labour party.
Hello, I'm a Doctor from Scotland, how do you make such amount? I'm a born Christian but sometimes I feel so down of myself because of low finance but I still believe in God.
Making touch with financial advisors like *Janice Isaac Owen* who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
You are absolutely right, we also have lot's of expert, real ones with certificate and firms IDS out there waiting for investors to invest and experience the best of trade.
Whoever would believe that we have a greedy clique of people running the country who take tax free, luxury gifts and money from a donor and still dare to call themselves socialists.
If by working people he’s including the fact that wages & salaries has remained stagnant for years & the affordability of your income cannot sustain a basic lifestyle then I think he’s being very narrow minded to be honest & a bit of a tyrant by imposing not only policies that regress the country, but also has the audacity to shove his reasoning down our throats, & is stern in the fact that he can’t see his policies are terrible for the country. The British people are a resilient nation. And it seems 🇬🇧 people have to dig into their survival mode to ride this dudes policies out.
which tax hikes will affect you? there's non in there that I can see will affect me bar the loss of my winter fuel payment You can't not invest in infrastructure for 14 years and expect taxes not to go up they've been rising steadily since 2019 and the Tories blew 2 big holes in our finances with Brexit and Truss
Because he suggested that the people who can afford to pay extra tax may have to do so, while those less fortunate will not see an increase? Strange logic you have there
I've been self-employed all my life, employed many, and paid all taxes. To do this, I had to risk everything. I didn’t go for a private pension (I had one with Prudential in the 90s, but we know how that ended), so instead invested in shares and two small rentals. I'd like to retire now, but I feel this clown is gunning for me after a life of blood, sweat & tears.
At the interview stage, some employees accept a salary reduction in lieu of receiving Share Options within the company instead. These 'working people' will now be double-taxed if Capital Gains Tax is going up and thereby substantially reducing their annual salary.
Im a lorry driver. My company offers a share scheme. So I'm now officially rich? Telling me that i am doesn't make it so. And taxing me for it will make it even less so. Starmer is a idiot. In 3 months he's managed to drag his popularity rating below that of Sunak.
Yes, it was the Tories . So they were got rid of. Now you have the working mans saviour , the Labour party. How are you all doing? Feeling shat on yet? Only another 4 ish years to go.
What he means by “working person” is “wage slave” I.e. somebody already under his control. Anyone who has made an attempt to work hard and climb out of this situation is fair game until they give up and submit to a lifetime of slavery.
Yes, his choice of words was poor. He seems a bit incompetent. If he'd just said "I'm particularly concerned about people who are struggling financially" he might have had a bit more sympathy.
@@ProfoundFamiliarity He isn't concerned at all, they are wasting billions on wars, failed/scrapped projects, hotels for the illegal immigrants. Cut all that out and you don't even need to raise anything, it would be reducing
The man is a total clown, his father was a tool maker, he needs to take the biggest tool he made and give him a brain, and truth button. Frightening this idiot is in charge.
There'll be a mass exodus of shareholders and those with cgt incomes resulting in a dramatic decline in the 40 billion revenue labour are after, in addition to loss of jobs and the income tax from them.
He should be paying tax on all those freebies. They are called benefits in kind received. £107k benefits and not taxed? Where is the media? They must be running scared....
Rwanda has gone, strikes settled so the economy will start growing, energy projects funded and pushed through sounds like better to me Our economic problem is chronic lack of investment leading to a stagnant economy and the use of migrant labour to paper over he cracks. The Tories have been trying to jump start the economy with trickle down tax policies for 14 years and non of it has worked
@@SlowhandGregyou are aware scrapping Rwanda was the worst thing they could have done, as they can be blamed for making it worse. The strikes were settled by giving unions what they wanted, and allowed them to do the same in future, so paying people off without any guarantees will grow the economy will it. The rumoured pension raids has doctors threatening to retire as reaves will make them pay more tax than ever before, yet again how does that get waiting lists down or grow the economy? And the so called projects, half were already agreed by the previous GOV, so it’s taking credit for other peoples work. Finally, cheap immigrant labour on every metric has made the UK worse off, as the money they generate goes back home not here, the living standards in this country in the era of mass migration has worsened and the cultural segregation that has ensued through cheap immigrant labour has devastated cohesion. But don’t worry taxing everything and everybody will be the solution.
@@thomashowe1509 Rwanda was a show pony that would never get past the UK court never mind international law. The public pay rises don't fetch people's wages to 2019 levels in real terms there still worse of due to inflation Suppressing public pay then using the visa exception system to keep wages low does nothing for our economy Last year Councils paid out 20 billion in housing support and 40% of benefit claimants are in work (how many are public sector workers?) Giving 8 billion away in Millionaire pensioner tax breaks is obscene you can make a case for public servants exceptions but this was done for Bankers and the City The projects had no funding and had been shelved for cancelling post election Sunak and the Tories were taking a chainsaw to Renewable investment and A more stable government that has a clear budget, isn't trying to cause problems for business with endless brex1t purity tests is a better environment for investment If you want to reduce migration you invest in the domestic workforce and infrastructure
@@thomashowe1509 while on the subject of the Millionaire pensioner tax break v paying Public sector workers 100% of that pay increase is 1st taxed then spent in the UK Economy generating GDP. The 8 Billion in millionaire pensioner tax cuts goes straight out of the economy into fixed assets generates Zero GDP. This is a prime example of why the Tories haven't grown the economy in 14 years.
Cars are not taxed, invest in classic cars (high end) that keep their value and have no CGT on them. Same with artwork and Whisky (make it a proper Scottish whisky investment though!)
Madness. The only people who will suffer from this are upper working classes/middle class who work buy assets and occasionally sell the rich don’t sell assets too often. They live off interest, rent or debt. Or they offshore a lot of the income. This will hit investments and people in the pocket. Typical labour penalise the average person but happy to finance lazy people on benefits and migrants who have never paid a penny into the system!
What does it matter? Its not like he's going to increase your income tax because you're not a working person. People are way too hung up on this wording hes using. The working people line is just to emphasise that labour are trying to do right by the working class, because income tax vat and NI are the taxes that most affect the working classes. I dont know what people are so upset about
@MrAngry3232 it's the whole point of a labour government though? They're meant to protect the working class, the poorest overall in society, it's what they committed to in their manifesto and so far are sticking to. The range of expected tax cuts look like they will mostly affect the most wealthy which i think is right. This is a more centre ground labour but they actually have ended up more radical than expected
I’m concerned that the UK lacks tax incentives for average citizens to pursue entrepreneurship. Greater self-sufficiency would reduce reliance on the state, but the current system seems to discourage it, pushing wealthier individuals to leave. A fair tax structure would invest in infrastructure and foster growth, but over the past 14 years, political priorities seem more focused on personal gain than national welfare. Adding more taxes won’t fix a broken system; the world’s most successful economies tend to rely on lower taxes, allowing innovation and prosperity to flourish.
When I was a child we had, at school, what they called "The penny bank" You got a bank.book and could take in small. amounts of money, even.down to.0ne penny. .It was to.teach.us the good habit of saving . Whoever thought that saving would, one day, become a punishable offence.
We are all going to hell in a handcart. Working people. What a joke. This lot running the country have not ever held a job. Rishi did warn us and now we have our just desserts. Thanks a lot.
I am a working class, I work hard and struggle to make ends meet due to massively increased mortgage and living costs although I haven’t got any meaningful pay rise in the last half decade. My only hope was to get something out of my ShareSave plan that I’ve been contributing after waiting for 5 YEARS, now I’m told I’m not a working class and need to hand this over to government. I don’t have any incentive to work anymore because that’s worthless no matter how much you make efforts, system will rob you unless you’re super rich who can exploit tax holes.
@@MrAngry3232 I didn’t vote for Labour and you don’t have to be an economist to see punishing small savers will ultimately deter working ppl from saving which will do the greatest harm to the economy.
Labour always seem to prioritise those working for public sector / trains over private sector. Also im betting those earning 20k and upwards to the higher tax bracket will be worse off. Was ever thus , and we are hit thus by the snp so left wing economics will no doubt apply . His cronies will be fine though.
If you're retired, and your income is from a pension fund that is not realised - are you one of the 'non working people'? Indeed, if you are retired are you no longer a working person - and so can pay higher taxes? This all sounds like they realised that promising not to raise taxes was a bit of a mistake.
@@ProfoundFamiliarity That's not a very useful definition - one person's definition of struggling financially may be very different from another's. The extremes are obvious, of course - Elon Musk would find it hard to describe himself as struggling financially, and a Big Issue seller is unlikely to be on a sound financial standing. But in the middle, I suspect, is the vast majority, many of whom would describe themselves as struggling even though, in reality, they are not - or need not. It is a very grey area.
@steveknight878 We can narrow it down more. I think he means those on or below minimum wage, who don't own any significant assets as an example. I don't think he means someone on 50k a year who is able to invest 20% of their income after paying their mortgage and all other expenses.
@@ProfoundFamiliarity So he is planning to increase taxes on quite a large number of people? Even though they are working? The median annual salary is about 35000 to 40000. So when he said that taxes would go up for 'working people', he meant that they would go up for quite a lot of working people, but that he would just re-define what working people means.
@@ProfoundFamiliarity So he means that he is going to raise taxes for most people (most people are above minimum wage, and a large number own their own house, and may have some savings). So using a newspeak meaning of 'working people' he can raise taxes for most people.
If no consent is given then wouldn't taxation be theft? If I took a percentage of my neighbours money to keep the grass in the area tidy but didn't give them a choice about it wouldn't I get prosecuted?
Taxation has always been a theft since it was invented. But it's been around for so long that people just accepting it. I would happily be giving a part of my money to government if they were transparent with the civilians where all money goes and if it wasn't this high.
Someone who primarily gets their income from assets? You mean... Pensioners who saved for themselves and invested in the stockmarket/property so they didnt have to attempt to survive on the paltry allowance that the gov pays with the state pension? Or people who lost their job and are now selling everything they own in an attempt to pay the rent/mortgage?
It sounds like the PM thinks he knows who he means but has no clue how to acurately define these people in a way that saves them from the random lines that his policies draw.
So being brought up on a council estate by a single mother then working 12hr night shifts all your life to raise a family, buy your own home and invest to support yourself in retirement because you have no inheritance coming means in Heir Starmers mind I’m not working class so should pay extra tax? The guy is a spoilt brat who has long forgotten his father’s working class roots. Or was that another of his lies like all the other statements he’s made?
Absolute rubbish, I’m 83 worked hard all my life, as did my husband, never on benefits, saved a little to put into ISAS, so we have bit behind us. So who does the scrounged think he is. I hope his voters are satisfied. Also hope his bank accounts are scrutinised. He obviously thinks he’s not a working person. If he thinks we are not. Vote reform in all the local elections🇬🇧🏴
Starmer’s comments feel out of touch, dismissing people with asset income as not ‘working.’ He's alienating those balancing full-time jobs with investments to secure their futures. Targeting capital gains and adding National Insurance on pensions will hurt private sector workers and contradicts the government’s growth promises. He’s quite predictably oversimplifying ‘working people’ in a way that doesn’t reflect reality.
This makes me so angry as his definition isn’t mine! I have worked hard all my life , served my Queen and country paid my taxes and national insurance, saved like mad to buy a house and saved to have a comfortable life in my twilight years ( I’ve no children) this labour government is about to penalise me for doing the right thing scandalous! This government thinks more about themselves than the country I love ! I should have just not bothered and I’d be given everything
So if I work Mon to Fri and have saved all my life to be able to cash a cheque to keep out of trouble, the income I have amassed which has already been taxed, will be taxed again!?
The third assumption, and by far the most pernicious, is a behavioral model that describes human beings as something called “homo economicus,” which basically means that we are all perfectly selfish, perfectly rational and relentlessly self-maximizing. But just ask yourselves, is it plausible that every single time for your entire life, when you did something nice for somebody else, all you were doing was maximizing your own utility? Is it plausible that when a soldier jumps on a grenade to defend fellow soldiers, they’re just promoting their narrow self-interest? If you think that’s nuts, contrary to any reasonable moral intuition, that’s because it is and, according to the latest science, not true. But it is this behavioral model which is at the cold, cruel heart of neoliberal economics, and it is as morally corrosive as it is scientifically wrong because, if we accept at face value that humans are fundamentally selfish, and then we look around the world at all of the unambiguous prosperity in it, then it follows logically, then it must be true by definition, that billions of individual acts of selfishness magically transubstantiate into prosperity and the common good. If we humans are merely selfish maximizers, then selfishness is the cause of our prosperity. Under this economic logic, greed is good, widening inequality is efficient, and the only purpose of the corporation can be to enrich shareholders, because to do otherwise would be to slow economic growth and harm the economy overall. And it is this gospel of selfishness which forms the ideological cornerstone of neoliberal economics, a way of thinking which has produced economic policies which have enabled me and my rich buddies in the top one percent to grab virtually all of the benefits of growth over the last 40 years. ~ The Dirty Secret of Capitalism - And a New Way Forward: Nick Hanauer ted talk 2019
In 2024, people still think that public services and a great quality of life for everyone come out of nowhere. Hey folks, you need to pay taxes for that. Otherwise, you can go to the US and enjoy a truly 100% capitalistic way of life. Hope you don't need any help at any point in your life and do not get bothered witnessing absurd levels of inequalities right before the eyes of your child. If they try to tax in a fair way the rich, they get told that they will make the economy and investment collapse because the rich will fly away. If they try to tax the others, that still earn a fair amount of money, they get shouted at, and they can't really tax those struggling because ... well they would die actually. So what are they supposed to do here? Status-quo with privileges for the rich such that things don't move too much (just have to hide the truth of the situation) like the Tories? Or try to change a few things and see what happens?
Responding to the question: the ‘definition’ offered by Starmer is nothing but. First, one cannot define the working person by the lack of a rainy day fund; this is a ridiculous description. And, how about those who worked for decades but no longer do? Is it acceptable to ride their hard-earned pensions and savings as they are now not ‘working people’?
I certainly don't agree with his opinion of working class people the man kept his mouth shut about it on the run up to the election as he did about what he had in store for the pensioners and the rest of the country enjoy your first 5 years because you will be getting no more.
Starmer will finish off the UK, he is only out for himself. With all the BS he comes out with, I don't know how anyone could vote for him, he makes me sick just to look at him
According to Starmer He thinks of a working person as someone who “goes out and earns their living, usually paid in a sort of monthly cheque" and who can't "write a cheque to get out of difficulties".
Wait, so hes concerned about people not having money in their pockets - but hes going to tax businesses, who pay our wages, so we wont get a pay increase...
The only people who won't be loosing thousands in new unwarranted taxes will be those sitting on the labour benches, because they will exempt themselves
It does not matter which party is on the bench. If you are there, you are safe. If you are in the entire rest of the UK, born domestically and working, you will pay them to take as much from you as they want. And for some reason we put up with it.
MPs never lose anything, from whichever party.
Why labour benches in particular ? 🤣 you could atleast try to sound unbiased but I guess the CONservatives pay well eh
As usual.
I love how presumably a native speaker makes 4th grade mistakes while writing in his own language. Even me, foreigner, knows the difference between lose and loose. And you want to tell the government what they should do?
All of you that voted this clown in should be ashamed of yourselves
This election was fundemantally a loose loose lost situation. Those that voted Tory should be ashamed of themselves, those that voted Labour because they couldn’t take anymore Tory, I sympathise with, those who believe Keir and this Labour government are going to give the people of the U.K what they need have been hood winked. Thery should feel no shame. Please enlighten us all how any of the parties were the right choice for the U.K?
@@eliahsolstice anyone who will give people freedom
Well Sir Keir wasn't honest in his manifesto and the voters were misled.
You’re the clown who believes there’s a good party
What choice did the people of this country have, a corrupt party that had been in power for fourteen years or a person that told them everything they wanted to hear.
What most people don't want to believe in is that they are all one party, that only look after themselves.
Personal I don't vote because I never had confidence in any leaders that take taxpayers money for themselves. So could you blame them when they thought they were doing the right thing.
Two Tier Kier will be ok. He was given a tax free pension deal.
As will Farage and Boris what is your point?
@@MegaKapo12 the tax free pension is a special deal he negotiated for his time as DPP. Farage and Boris will be taxed at the same rate on income as everyone else
@@MegaKapo12 It is very obvious that you have not done your homework before posting that comment.....
@@sueburgess847you want to look up how much the Duke of Westminster inherited. Way more than Charles did.
@@MegaKapo12no free pension for boris or farage keir starmer is the only one with a £1.7 million pension pot as the head of department of public prosecutions with the help of new labour fact and boris has paid all his taxes at 45% fact and keir starmer has paid 25% tax even thou he’s in the 45% wage bracket with creative accounting tax avoidance which boris hasn’t done fact
They should hit Amazon, BP, Shell, BT offshore gambling companies and companies like Sainsbury's and Tesco, who are causing people in poverty so much pain by hiking prices just to increase profits.
Well said.
What you described is called inflation, google it.
Don’t forget, who is the majority shareholder in Sainsbury’s… it’s our friends the Qatari sovereign wealth fund!
Don’t forget, who is the majority shareholder in Sainsbury’s… it’s our friends the Qatari sovereign wealth fund!
@@filtonkingswood I didn’t know this. Thanks for that. 🤔
The PUPPET WEF boy Starmer is clueless
WEF, you got your tin hat on.
@@nicksimmons7234 funny how Starmer was seen in WEF
@@danzoriderforlife5330 funny how conspiracy theorists think WEF are running the world but Trump, Farage are the real hero’s.
@@nicksimmons7234 Starmer, who has attended Davos multiple times, literally said that he prefers Davos to Westminster.
By accusing him of being a conspiracy theorist, all you are doing is exposing yourself as a drone who gets their opinions spoon fed to them by the media.
@@nicksimmons7234hows that boot polish taste?
Absolute jockey. I've been working class person for half my life and and ive been working and paying taxes, only in my last 6 months I can finally afford stocks and shares and now u want to rob me of my hard work. Take our money and see if you're reelected in 4 years.
Starmer," then you should know how to write a Chegue that will Bounce! when you can't pay a bill! , that's what I always do" !,
You have an annual 20k isa allowance and you can put money into a SIPP tax and NI free
There's plenty of proper experts on youtube
What "hard work" is involved in sitting back and letting your capital grow just because you believe that you are entitled to "dividends" Are you aware that the reason the water companies are pumping raw sewage into our rivers and streams is because the companies paid money in dividends rather than invest it in the infrastructure? The main reason young people can't afford to buy homes is because people who already have homes are driving up the prices by buying up houses on "buy to let" mortgages, only to rent them out to the people they are outbidding and creaming off a fat profit.
@@Ohm_megaGo and educate yourself about economics and then come back. The economics of ‘I want what they have so I have to tell myself it’s unfair’ isn’t going to cut it.
Yeah but did you consider that some people didn’t work as hard as you but we’re all the exact same anyway so you must have somehow ‘stolen’ it from them? Your hard work generated wealth and tax revenues in the UK, therefore you must be punished for it! Should’ve stay at home and claimed benefits mate.
I am an old age pensioner who relies on savings to top up my pension income in order to get by. The government has already taken away my winter fuel payment; does this mean I will also be in Rachel Reeves' cross-hairs for a further tax hike because I am not, by their narrow definition, a 'working person'?
Probably yes in their thinking we are just 'useless eaters ' and not useful to society.
You WERE a working person so that's good enough for him.
Well , 1. You don't work , and 2. You have savings ! Now if you savings are that low there is Pension Credit.
@@paulhollett8415they don't care want to whinge and complain.
No, all mine are in ISA and SIPP wrappers
Tax the corporations that pay nothing.
and then they will increase price of goods and services - you're not the brightest in family are you?
Hi, have you heard of Vat? Sales tax
@@bartz4439so why should my business pay the full rate of tax? Why can we not negotiate our tax rate? Apply the rules equally. At that point you may as well argue all businesses shouldn’t pay tax as it’s a cost that will be put on consumers. It’s a silly argument.
@@MrSpeedy99 tax is just a cost of business. Do you think if restaurant owner rent goes up, he keeps food price same? So who pays for higher rent? Owner or customers?
@@kingjesse4184 I have. I pay it on everything as well as income tax. The corporations claim this back so pay nothing and then pay little or no income tax. You sound like one of these capitalists that has no capital. Lol.
How about taxing freebies and perks... like Taylor Swift tickets.
Arsenal box. 9,500 a match. 25 home matches. 5 years. £1,187,500 tax free if prices don't rise.
OTOH: Being force to attend a Taylor Swift concert in the name of "corporate sponsorship" is both the crime and the punishment.
Boris' £100000 Downing Street makeover donation?
@@chrisgoblin4857 That's not personal. It ends up with the next PM and going forward.
But clothes, shag pads, 1.1 million in football tickets.....
@@chrisgoblin4857 you're not very bright are you
When a man talks about using cheque's to pay bills you know hes not been in touch with regular working life for at least 2 decades.
You are not really paying attention. hate Labour, but this is a good idea.I think the mistake going on here is to focus on a "type" of person rather than a type of economic activity. Taxing actual WORK is a mistake since that is what feeds the economy. However taxing money made from NOT working is a good idea since that aloows the government to tax without harming the economy. So money from investments, off shore, stock &shares, Crypto, and other "rent seeking" activities are a ball and chain on the economy and are parasitic. Tax them and there is no negative effect.
@chazwyman just because you're to dense to understand crypto doesn't mean people smart enough to understand it should be taxed.
@@chazwyman Money made from investments is not a "ball and chain on the economy", what are you on about mate. If people make less money from investments, they (usually) don't invest as much, so companies don't have as much money for research and development, production equipment, and innovation. That means the economy doesn't grow as much, jobs aren't created as much and wages don't rise as much. However I agree that crypto investments are useless and it's mainly a way for idiots to get scammed.
I also agree that if the government needs to raise taxes so the economy can actually work properly, it's probably better to increase tax on investments than to increase income tax right now since taxes on working people and the cost of living is far too high at the moment.
@@chazwymanAbsolute mug 🤡
Working class British are 3 months away from being homeless…… that’s my definition….. lived it, experienced it, know how worthless you feel when asking the government for help after paying taxes……….. working class
Where have you been? That started 2 years ago.
If he doesn’t know what a female is how on earth does he know who a working person is
Excellent point ☝️
You are an idiot
Exactly
Is that what and how you think ?
He doesn't know what a working person is because he has never done a day's work in his life.
What exactly are the tax hikes paying for? Services have been reduced massively, so we’re literally getting less, but it’s costing more…
I’ll give you one guess…clue it’s currently 12 million per day
Ukraine
Bailing out the financial sector in 2008, poor economic policy and paying the country to stay at home for 18 months because there was a nasty flu going around.
They want to throw our money away.
@@hughjanus3616 That plus interest……
It’s funny because they all probably own shares in stuff. They think we’re all dumb.
Surely, we're all 'working people', some are just more fortunate than others.
I'm not I'm retired, my money is salted away in tax free wrappers there's a lot of bed wetting going on given that if they don't raise taxes they can't invest and if they don't invest the economy will stay stagnant if not get worse and they also have to fix a lot of stuff the Tories broke
The term working person we now know was deliberately misleading, they must be giggling like school kids at us.
@@SlowhandGreggovernment investment doesn’t make money for anyone but politicians schoolmates. Let startups invest and they’ll show you trickle down economics, established corporations won’t.
She lied on her CV she was not a Economist
She put non expenses of 4K on her parliamentary credit card so had her card taken away
She has Lied about every thing in their Manifesto
She took gifts from Lord Alli
Can we trust this women with the threasury I DONT THINK So she should resign.
Yes, and No-Brayner will take the job! 😅
Diane Abbott for Chancellor instead.
Yes she needs to resign
She was also incapable of filling in her own tax return. She claimed on her MP expenses for the cost of someone to do it for her.
If she cannot fill in her own tax return, why should she be trusted with the entire nations taxes??
@@janetcryer887 Reeves presumably paid someone to fill in her tax returns because they'd know better than she does how to evade taxes most efficiently.
I trust my cat with my bird more than I trust starmer with my cat.
Larry the Cat has left Downing Street.
David Lammy was looking at Larry and salivating.
@@FredScuttle456 Starmer being the little mouse that is was obviously scared of the cat.
Didn't they promise there would be no tax hikes?
Only for the working people!
Correct, working people would not be taxed, he said, but now its certain working people, lol
Do what I do not what I say.
Love his suit and glasses. Wonder where this working person blagged them from, some ultra rich labour Donor called Alli who pays no tax on his company profits.
Got his own pension all nicely sorted first via a personal act of parliament no less . He despises the investors ,as where do's he imagine these people are putting their money ,almost as much as the Pensioners and particularly the real working class .At heart he's just a stupid bigoted snob , and adequately represents the party that still has the audacity to call itself the Labour party.
I'm glad you made this video, it reminds me of my transformation from a nobody to good home, $89k biweekly and a good daughter full of love..
My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.
Hello, I'm a Doctor from Scotland, how do you make such amount? I'm a born
Christian but sometimes I feel so down of myself because of low finance but I still believe in God.
Making touch with financial advisors like *Janice Isaac Owen* who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times.
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!
You are absolutely right, we also have lot's of expert, real ones with certificate and firms IDS out there waiting for investors to invest and experience the best of trade.
Following the WEF orders. They will be proud.
An ex-member of the justice system allowed to join let alone lead the Labour Party shows the party name isn't true.
Whoever would believe that we have a greedy clique of people running the country who take tax free, luxury gifts and money from a donor and still dare to call themselves socialists.
If by working people he’s including the fact that wages & salaries has remained stagnant for years & the affordability of your income cannot sustain a basic lifestyle then I think he’s being very narrow minded to be honest & a bit of a tyrant by imposing not only policies that regress the country, but also has the audacity to shove his reasoning down our throats, & is stern in the fact that he can’t see his policies are terrible for the country. The British people are a resilient nation. And it seems 🇬🇧 people have to dig into their survival mode to ride this dudes policies out.
which tax hikes will affect you?
there's non in there that I can see will affect me bar the loss of my winter fuel payment
You can't not invest in infrastructure for 14 years and expect taxes not to go up they've been rising steadily since 2019 and the Tories blew 2 big holes in our finances with Brexit and Truss
Everyone but politicians 🙄
Yep!
This man is insane and beyond evil.
Have you been watching too much on Netflix , Steven ?
Oh yeah, how so?
Because he suggested that the people who can afford to pay extra tax may have to do so, while those less fortunate will not see an increase? Strange logic you have there
@@paulhollett8415
Dummy
@@sirsnipermonkey
Left wing tool
I've been self-employed all my life, employed many, and paid all taxes. To do this, I had to risk everything. I didn’t go for a private pension (I had one with Prudential in the 90s, but we know how that ended), so instead invested in shares and two small rentals. I'd like to retire now, but I feel this clown is gunning for me after a life of blood, sweat & tears.
At the interview stage, some employees accept a salary reduction in lieu of receiving Share Options within the company instead. These 'working people' will now be double-taxed if Capital Gains Tax is going up and thereby substantially reducing their annual salary.
There taxed once when they exercise their options
Whoever voted LIEBOUR! WTF!?
@@pandorasbox5659 about 18%
Someone who has never done a day's work in his life is hardly going to know what a working person is!
Oh this government makes me sick and the leader is totally... IN THE LAND WITH THE FAIRYS...
Im a lorry driver. My company offers a share scheme. So I'm now officially rich? Telling me that i am doesn't make it so. And taxing me for it will make it even less so. Starmer is a idiot. In 3 months he's managed to drag his popularity rating below that of Sunak.
Yes, it was the Tories . So they were got rid of. Now you have the working mans saviour , the Labour party. How are you all doing? Feeling shat on yet? Only another 4 ish years to go.
I'm a working person and I'm doing fine thanks. No income tax vat or ni increases for 5 years, what's not to like?
@@supremeworld87Get someone else to pay for it right? The harder working, trained individuals should subsidise us.
A criminal in a politician disguised is real.
Simple answer. Anyone who works is a working person ? From a footballer on £10 million down to a nurse on £ 40k.
I am your farther
My husband always said that
So people under 40k are going 🤷
What about the 90% that graft and earn below 40k a year
@@DavidEdwards-e6m exactly...
What he means by “working person” is “wage slave” I.e. somebody already under his control. Anyone who has made an attempt to work hard and climb out of this situation is fair game until they give up and submit to a lifetime of slavery.
So if you work hard and arent struggling... Youre not a "working person"... Suuuuure. Sounds reasonable 🙄. What an idiot
Yes, his choice of words was poor. He seems a bit incompetent.
If he'd just said "I'm particularly concerned about people who are struggling financially" he might have had a bit more sympathy.
@@ProfoundFamiliarity He isn't concerned at all, they are wasting billions on wars, failed/scrapped projects, hotels for the illegal immigrants. Cut all that out and you don't even need to raise anything, it would be reducing
The man is a total clown, his father was a tool maker, he needs to take the biggest tool he made and give him a brain, and truth button. Frightening this idiot is in charge.
There'll be a mass exodus of shareholders and those with cgt incomes resulting in a dramatic decline in the 40 billion revenue labour are after, in addition to loss of jobs and the income tax from them.
Nope. The reverse happened in Norway.
He should be paying tax on all those freebies. They are called benefits in kind received. £107k benefits and not taxed? Where is the media? They must be running scared....
Alan Clark said “the house of lords,live off share dividends”
remember when all of those people were staying that labour would be better than the tories seriously we need new parties
Rwanda has gone, strikes settled so the economy will start growing, energy projects funded and pushed through
sounds like better to me
Our economic problem is chronic lack of investment leading to a stagnant economy and the use of migrant labour to paper over he cracks. The Tories have been trying to jump start the economy with trickle down tax policies for 14 years and non of it has worked
@@SlowhandGregyou are aware scrapping Rwanda was the worst thing they could have done, as they can be blamed for making it worse. The strikes were settled by giving unions what they wanted, and allowed them to do the same in future, so paying people off without any guarantees will grow the economy will it. The rumoured pension raids has doctors threatening to retire as reaves will make them pay more tax than ever before, yet again how does that get waiting lists down or grow the economy? And the so called projects, half were already agreed by the previous GOV, so it’s taking credit for other peoples work. Finally, cheap immigrant labour on every metric has made the UK worse off, as the money they generate goes back home not here, the living standards in this country in the era of mass migration has worsened and the cultural segregation that has ensued through cheap immigrant labour has devastated cohesion. But don’t worry taxing everything and everybody will be the solution.
@@thomashowe1509 Rwanda was a show pony that would never get past the UK court never mind international law.
The public pay rises don't fetch people's wages to 2019 levels in real terms there still worse of due to inflation
Suppressing public pay then using the visa exception system to keep wages low does nothing for our economy
Last year Councils paid out 20 billion in housing support and 40% of benefit claimants are in work (how many are public sector workers?)
Giving 8 billion away in Millionaire pensioner tax breaks is obscene you can make a case for public servants exceptions but this was done for Bankers and the City
The projects had no funding and had been shelved for cancelling post election Sunak and the Tories were taking a chainsaw to Renewable investment
and
A more stable government that has a clear budget, isn't trying to cause problems for business with endless brex1t purity tests is a better environment for investment
If you want to reduce migration you invest in the domestic workforce and infrastructure
@@thomashowe1509 while on the subject of the Millionaire pensioner tax break v paying Public sector workers
100% of that pay increase is 1st taxed then spent in the UK Economy generating GDP.
The 8 Billion in millionaire pensioner tax cuts goes straight out of the economy into fixed assets generates Zero GDP.
This is a prime example of why the Tories haven't grown the economy in 14 years.
"I`m really concerned about them". FLMFAO.🤣🤣🤣
Can't we stop paying out for the Politicians running the country into the ground, Foreign Aid and the bone idle.
That will save us a few quid.
Crime certainly does pay
I think, if I'm getting money from my shares, then I won't be working a 40 hour week!! What a complete tool!!!
I work but I’m middle England I fully expect to be utterly reamed by these clowns.
Cars are not taxed, invest in classic cars (high end) that keep their value and have no CGT on them. Same with artwork and Whisky (make it a proper Scottish whisky investment though!)
@@MrCaterhamr500😂😂😂🤡
@@MrAngry3232 😂😂😂😂 🔔end.
@@MrCaterhamr500 Terrible advice you 🔔🔚
@@MrAngry3232 who cares what a random like you thinks 😂
Madness. The only people who will suffer from this are upper working classes/middle class who work buy assets and occasionally sell the rich don’t sell assets too often. They live off interest, rent or debt. Or they offshore a lot of the income. This will hit investments and people in the pocket. Typical labour penalise the average person but happy to finance lazy people on benefits and migrants who have never paid a penny into the system!
I am a pensioner does that make me a none working person, the man’s just a trickster.
What does it matter? Its not like he's going to increase your income tax because you're not a working person. People are way too hung up on this wording hes using. The working people line is just to emphasise that labour are trying to do right by the working class, because income tax vat and NI are the taxes that most affect the working classes. I dont know what people are so upset about
@@supremeworld87The working class has to pay something ffs
@MrAngry3232 it's the whole point of a labour government though? They're meant to protect the working class, the poorest overall in society, it's what they committed to in their manifesto and so far are sticking to. The range of expected tax cuts look like they will mostly affect the most wealthy which i think is right. This is a more centre ground labour but they actually have ended up more radical than expected
I’m concerned that the UK lacks tax incentives for average citizens to pursue entrepreneurship. Greater self-sufficiency would reduce reliance on the state, but the current system seems to discourage it, pushing wealthier individuals to leave. A fair tax structure would invest in infrastructure and foster growth, but over the past 14 years, political priorities seem more focused on personal gain than national welfare. Adding more taxes won’t fix a broken system; the world’s most successful economies tend to rely on lower taxes, allowing innovation and prosperity to flourish.
What happens if you are retired and live off you pension savings and do not burden the tax payer
he might take some of your savings, we'll see
When I was a child we had, at school, what they called "The penny bank" You got a bank.book and could take in small. amounts of money, even.down to.0ne penny. .It was to.teach.us the good habit of saving . Whoever thought that saving would, one day, become a punishable offence.
Is Starmer a working person? Answer- NO … with assets of £7.7M he earns as much from his assets as his salary!!
People are now thinking… “The Tories don’t seem that bad in hindsight”
No they are not....
100%
The theme song for the next election "won't get fooled again".
Agree 100%
forgive me but anyone who agrees with you is a 🤡
Why don't you ask Keir Starmer if he thinks he, himself, is a working person?
Not my Priminister
I had to put up with Boris Johnson… you can and will put up with this other bell end!
Tax hikes and benefit cuts won't hit politicians or migrants we know that for sure 🤷🏽♀️
Someone on the dole is a working person to Liebour.
Well as a multi millionaire he certainly is not working person.
A Sir leading the Liebour party 😆
We are all going to hell in a handcart. Working people. What a joke. This lot running the country have not ever held a job. Rishi did warn us and now we have our just desserts. Thanks a lot.
I am a working class, I work hard and struggle to make ends meet due to massively increased mortgage and living costs although I haven’t got any meaningful pay rise in the last half decade. My only hope was to get something out of my ShareSave plan that I’ve been contributing after waiting for 5 YEARS, now I’m told I’m not a working class and need to hand this over to government. I don’t have any incentive to work anymore because that’s worthless no matter how much you make efforts, system will rob you unless you’re super rich who can exploit tax holes.
Lol - you voted for this. No complaining now. Got to pay your way chap. There are other people worse off, so do your part.
@@MrAngry3232 I didn’t vote for Labour and you don’t have to be an economist to see punishing small savers will ultimately deter working ppl from saving which will do the greatest harm to the economy.
Politicians will put any tax rises on their expenses pity the rest of us can't.
When will some of those in the media stop asking him really stupid asinine questions ?
seems a pretty relevant question to me
@@JoshuaGeake A bit better than many , i grant you , but well , it isn't very good is it !
As long as they don’t touch ISAs. That’s the only tool working class people have to build any meaningful wealth.
Easy to be a citizen but hard to live by the rules.
Labour always seem to prioritise those working for public sector / trains over private sector.
Also im betting those earning 20k and upwards to the higher tax bracket will be worse off. Was ever thus , and we are hit thus by the snp so left wing economics will no doubt apply . His cronies will be fine though.
I will never forget when his pal Gordon Brown doubled the tax rate for the lowest earners from 10 to 20%
If you're retired, and your income is from a pension fund that is not realised - are you one of the 'non working people'? Indeed, if you are retired are you no longer a working person - and so can pay higher taxes?
This all sounds like they realised that promising not to raise taxes was a bit of a mistake.
He means people who are struggling financially
@@ProfoundFamiliarity That's not a very useful definition - one person's definition of struggling financially may be very different from another's. The extremes are obvious, of course - Elon Musk would find it hard to describe himself as struggling financially, and a Big Issue seller is unlikely to be on a sound financial standing. But in the middle, I suspect, is the vast majority, many of whom would describe themselves as struggling even though, in reality, they are not - or need not. It is a very grey area.
@steveknight878 We can narrow it down more. I think he means those on or below minimum wage, who don't own any significant assets as an example. I don't think he means someone on 50k a year who is able to invest 20% of their income after paying their mortgage and all other expenses.
@@ProfoundFamiliarity So he is planning to increase taxes on quite a large number of people? Even though they are working? The median annual salary is about 35000 to 40000. So when he said that taxes would go up for 'working people', he meant that they would go up for quite a lot of working people, but that he would just re-define what working people means.
@@ProfoundFamiliarity So he means that he is going to raise taxes for most people (most people are above minimum wage, and a large number own their own house, and may have some savings). So using a newspeak meaning of 'working people' he can raise taxes for most people.
If no consent is given then wouldn't taxation be theft? If I took a percentage of my neighbours money to keep the grass in the area tidy but didn't give them a choice about it wouldn't I get prosecuted?
What you on about? 😂
@@sirsnipermonkey Taxation being theft. I thought it was rather obvious.
Yea you are right. It is the hard truth but many will defend it.
@@RobPreece-b5x You lost the adults in the room. Explain?
Taxation has always been a theft since it was invented. But it's been around for so long that people just accepting it. I would happily be giving a part of my money to government if they were transparent with the civilians where all money goes and if it wasn't this high.
Tax hikes will not hit me, as I am selling my house and leaving this dreadful cold small overpopulated expensive miserable country …
Arnt shares and property in most of our working peoples pensions
Someone who primarily gets their income from assets?
You mean... Pensioners who saved for themselves and invested in the stockmarket/property so they didnt have to attempt to survive on the paltry allowance that the gov pays with the state pension?
Or people who lost their job and are now selling everything they own in an attempt to pay the rent/mortgage?
Starmer doesn’t have a clue how people are living . STARMER MUST GO AND SOON
Hes making sure in the wording that it wont affect MPs
I don't think his brain is working
Oh it is the deliberate collapse of the UK
His brain is working all too well. Think about it!
What is a small amount of assets? Very subjective, if you ask me!
Illegal immigrants 😂
Things for us in the West (US vassals) are going to get a hell of a lot worse as the BRICS coalition gathers momentum.
I Sold my life with time to get a pension of stocks shares, if he thinks he is taking it from me, he better get ready.
"can't write a cheque book"
What kind of malfunctioning robot comes out with that?
We need a general election before Christmas.
The tailor who made his £16,000 suits may qualify. Or the staff who serve him drinks and food in his free Arsenal VIP box.
The only people who are likely to profit from this budget are MPs themselves and people who have made their careers living on benefits. Sad but true.
It will be a case of taking more of those who have least to give.But giving more to those who already have everything.
It sounds like the PM thinks he knows who he means but has no clue how to acurately define these people in a way that saves them from the random lines that his policies draw.
He has no clue how to explain to dimwits what taxing capital gains means. Just look at the comment section here.
he wants to tax people who have assets and give it to those who don't. At least it sounded that way
So being brought up on a council estate by a single mother then working 12hr night shifts all your life to raise a family, buy your own home and invest to support yourself in retirement because you have no inheritance coming means in Heir Starmers mind I’m not working class so should pay extra tax?
The guy is a spoilt brat who has long forgotten his father’s working class roots. Or was that another of his lies like all the other statements he’s made?
Absolute rubbish, I’m 83 worked hard all my life, as did my husband, never on benefits, saved a little to put into ISAS, so we have bit behind us. So who does the scrounged think he is. I hope his voters are satisfied. Also hope his bank accounts are scrutinised. He obviously thinks he’s not a working person. If he thinks we are not. Vote reform in all the local elections🇬🇧🏴
Starmer’s comments feel out of touch, dismissing people with asset income as not ‘working.’ He's alienating those balancing full-time jobs with investments to secure their futures. Targeting capital gains and adding National Insurance on pensions will hurt private sector workers and contradicts the government’s growth promises. He’s quite predictably oversimplifying ‘working people’ in a way that doesn’t reflect reality.
This makes me so angry as his definition isn’t mine! I have worked hard all my life , served my Queen and country paid my taxes and national insurance, saved like mad to buy a house and saved to have a comfortable life in my twilight years ( I’ve no children) this labour government is about to penalise me for doing the right thing scandalous! This government thinks more about themselves than the country I love ! I should have just not bothered and I’d be given everything
So if I work Mon to Fri and have saved all my life to be able to cash a cheque to keep out of trouble, the income I have amassed which has already been taxed, will be taxed again!?
The third assumption, and by far the most pernicious, is a behavioral model that describes human beings as something called “homo economicus,” which basically means that we are all perfectly selfish, perfectly rational and relentlessly self-maximizing. But just ask yourselves, is it plausible that every single time for your entire life, when you
did something nice for somebody else, all you were doing was maximizing your own utility? Is it plausible that when a soldier jumps on a grenade to defend fellow soldiers, they’re just promoting their narrow self-interest?
If you think that’s nuts, contrary to any reasonable moral intuition, that’s because it is and, according to the latest science, not true. But it is this behavioral model which is at the cold, cruel heart of neoliberal economics, and it is as morally corrosive as it is scientifically wrong because, if we accept at face value that humans are fundamentally selfish, and then we look around the world at all of the
unambiguous prosperity in it, then it follows logically, then it must be true by definition, that billions of individual acts of selfishness magically transubstantiate into prosperity and the common good. If we humans are merely selfish maximizers, then selfishness is the cause of our prosperity. Under this economic logic, greed is good, widening inequality is efficient, and the only purpose of the corporation can be to enrich shareholders, because to do otherwise would be to slow economic growth and harm the economy overall.
And it is this gospel of selfishness which forms the ideological cornerstone of neoliberal economics, a way of thinking which has produced economic policies which have enabled me and my rich buddies in the top one percent to grab virtually all of the benefits of growth over the last 40 years.
~ The Dirty Secret of Capitalism - And a New Way Forward: Nick Hanauer ted talk 2019
BEST POST YET MATE, BRILLIANT
@@neilcussons4744 👍
what it boils down if you pay income tax you are working class, ask sir flip flop starmer if he pays income tax
In 2024, people still think that public services and a great quality of life for everyone come out of nowhere. Hey folks, you need to pay taxes for that. Otherwise, you can go to the US and enjoy a truly 100% capitalistic way of life. Hope you don't need any help at any point in your life and do not get bothered witnessing absurd levels of inequalities right before the eyes of your child. If they try to tax in a fair way the rich, they get told that they will make the economy and investment collapse because the rich will fly away. If they try to tax the others, that still earn a fair amount of money, they get shouted at, and they can't really tax those struggling because ... well they would die actually. So what are they supposed to do here? Status-quo with privileges for the rich such that things don't move too much (just have to hide the truth of the situation) like the Tories? Or try to change a few things and see what happens?
Responding to the question: the ‘definition’ offered by Starmer is nothing but. First, one cannot define the working person by the lack of a rainy day fund; this is a ridiculous description. And, how about those who worked for decades but no longer do? Is it acceptable to ride their hard-earned pensions and savings as they are now not ‘working people’?
I certainly don't agree with his opinion of working class people the man kept his mouth shut about it on the run up to the election as he did about what he had in store for the pensioners and the rest of the country enjoy your first 5 years because you will be getting no more.
Funny how politicians tell you how to live but they live in a completely different way!
This is his get out of jail free card.
Starmer will finish off the UK, he is only out for himself.
With all the BS he comes out with, I don't know how anyone could vote for him, he makes me sick just to look at him
So a “working class person “ is what a “non working class person” defines it as being ?
Meanwhile Richard Branson pays zero tax.
According to Starmer
He thinks of a working person as someone who “goes out and earns their living, usually paid in a sort of monthly cheque" and who can't "write a cheque to get out of difficulties".
Wait, so hes concerned about people not having money in their pockets - but hes going to tax businesses, who pay our wages, so we wont get a pay increase...
What a joke really can’t run a piss up in a brewery what the hell is he doing go back to law because you can’t do the one we gave you 😮
Working people are anyone who works, ridiculous 🙄