Keir Starmer at it again..

[Derby Wolf]

They've remembered they can fuck the disabled without risking as many votes.

 

[jlo]

Is that less than £35,000 for ANY pensioner or Household income? Does it need only one to be below 35?

35 grand is nearly 3k a month, 6 if there’s two of you. That seems a decent wedge to me. If one is working and one below 35k then presumably there’s no household ceiling at all which seems crazy.

Must be missing something obvious here?

And 99% likely to be mortgage free. Young people are so shafted in today's environment, as well as others. Only sympathy I have is at old age you can't exactly go out and get a job / higher wages

 

[EpsomWolf]

From this coming winter, everyone above the state pension age in England and Wales with a household income of £35,000 or less will receive the winter fuel payment.

That makes sense, can’t be too many making much of a fuss about that now and as sycophantia says it should’ve been set about there in the first place. What a bloody palaver it was getting there.

 

[Sniffer]

And 99% likely to be mortgage free. Young people are so shafted in today's environment, as well as others. Only sympathy I have is at old age you can't exactly go out and get a job / higher wages

The triple lock means that they’ve got a better chance than most of avoiding the worst of upward pressures.

 

[EpsomWolf]

And 99% likely to be mortgage free. Young people are so shafted in today's environment, as well as others. Only sympathy I have is at old age you can't exactly go out and get a job / higher wages

Yes, and becoming mortgage-free often coincides with the empty-nesters thing so it can be the huge reduction in outgoings that really makes the difference and goes a long way to offsetting any loss of salary. A lot of those pensioners will also have banked a nice fat tax-free lump sum of 25% of their pension pot, and be drawing a juicy monthly income from it to add to their state pension too. Not to mention income for any other investments and the option of seeing the man in the shiny suit to discuss equity release if you really want to push the boat out and spend the winter months in the Bahamas every year, or perhaps have to pay for important stuff like decent care etc.

I get a bit triggered because I know a few people like that. That’s not to say they haven’t worked hard, been canny and made sacrifices which only pay dividends later on in life, but it’s the lack of acknowledgment that younger people aren’t going to get equal returns for doing exactly the same. Pensioners are a sensitive subject but the inequality of wealth seems to amplify again as people retire/become pensioners and banging another £200 or £300 to those who are minted is something that really got to me.

 

[sycophantia]

And 99% likely to be mortgage free. Young people are so shafted in today's environment, as well as others. Only sympathy I have is at old age you can't exactly go out and get a job / higher wages

99% of pensioners mortgage free? I highly doubt that.
Edit. Obviously a lot of pensioners won't have a mortgage, either cos they've paid it off or they never had one in the first place and are now paying rent. Mortgage benefits you say? Big wow, it's a pittance.
Some pensioners are wealthy and should pay their way but there are a lot who are not, this new trigger point is fair imv. No-ones living the high life on 36000 joint income, mortgage or not.

 

[Tredman]

99% of pensioners mortgage free? I highly doubt that.
Edit. Obviously a lot of pensioners won't have a mortgage, either cos they've paid it off or they never had one in the first place and are now paying rent. Mortgage benefits you say? Big wow, it's a pittance.
Some pensioners are wealthy and should pay their way but there are a lot who are not, this new trigger point is fair imv. No-ones living the high life on 36000 joint income, mortgage or not.

Yeah, but the same goes for everyone else who is under whatever the pension age is this days and on 35k.

 

[sycophantia]

Yeah, but the same goes for everyone else who is under whatever the pension age is this days and on 35k.

It does but I don't see why pensioners have to be 'bashed' for what they've achieved in their lifetime. All low income people/families need some help.

 

[Tredman]

It does but I don't see why pensioners have to be 'bashed' for what they've achieved in their lifetime. All low income people/families need some help.

Fair, but the rewards should be proportionate. We have a society where houses were sold off cheap to the same generation and there is a general unwillingness to recognise that, compared to young people now, they did have it easier.

 

[sycophantia]

Fair, but the rewards should be proportionate. We have a society where houses were sold off cheap to the same generation and there is a general unwillingness to recognise that, compared to young people now, they did have it easier.

Certainly we had it easier with housing, no question, although I think that youngsters have everything else much easier. Obviously housing is most people's biggest expense.
Personally I've not come across anyone of my age that doesn't recognise that today's young people have it worse in the housing market, both buying and renting. They understand this because the majority are helping finance their kids mortgages in one way or another.

 

[visage]

And yet you made the "imagine" comment?

Suggesting that Corbyns political understanding is that of a teenager isnt a trivialisation - its true.

 

[jlo]

Certainly we had it easier with housing, no question, although I think that youngsters have everything else much easier. Obviously housing is most people's biggest expense.
Personally I've not come across anyone of my age that doesn't recognise that today's young people have it worse in the housing market, both buying and renting. They understand this because the majority are helping finance their kids mortgages in one way or another.

Getting a house later in life has multiple knock on effects. It wasn't intended as bashing older people, more just being factual about how society works. I bet if young people (by which I mean 40 or below) voted more, they'd get a more proportionate share of support.

 

[jlo]

99% of pensioners mortgage free? I highly doubt that.
Edit. Obviously a lot of pensioners won't have a mortgage, either cos they've paid it off or they never had one in the first place and are now paying rent. Mortgage benefits you say? Big wow, it's a pittance.
Some pensioners are wealthy and should pay their way but there are a lot who are not, this new trigger point is fair imv. No-ones living the high life on 36000 joint income, mortgage or not.

99% was a guess, actually it appears to be 95% on doing some actual research.

 

[sycophantia]

99% was a guess, actually it appears to be 95% on doing some actual research.

Fair enough, actually my original post I realised was stupid, of course most pensioners are mortgage free, they would mostly have paid it off or never had one, it's why I edited it.
I may have over reacted to your post, it's just I'm triggered by the fact than successive govts over my lifetime have been clever by encouraging the lower income members of society attack one another. Pensioners, the out of work, some disabled etc have regularly been targeted by others in a similar position financially.

 

[jlo]

Fair enough, actually my original post I realised was stupid, of course most pensioners are mortgage free, they would mostly have paid it off or never had one, it's why I edited it.
I may have over reacted to your post, it's just I'm triggered by the fact than successive govts over my lifetime have been clever by encouraging the lower income members of society attack one another. Pensioners, the out of work, some disabled etc have regularly been targeted by others in a similar position financially.

Completely with you on that, agreed.

 

[leedswolf]

Millionaire exodus did not occur, study reveals - Tax Justice Network

The number of millionaires widely reported in the news to be leaving countries in "exodus" represented near-0% of all millionaires.

taxjustice.net

 

[Elephant Pyjamas]

Millionaire exodus did not occur, study reveals - Tax Justice Network

The number of millionaires widely reported in the news to be leaving countries in "exodus" represented near-0% of all millionaires.

taxjustice.net

I wonder how many MSM articles there will be about this?

It's been one of the noisiest arguments against taxing the rich for years.

 

[Elephant Pyjamas]

There was this in January...although not MSM obviously.

'No There Has Not Been an 'Exodus' of UK Millionaires and New Wealth Taxes Won't Force Them to Leave Either'

Forget the fear-mongering about a flight of the super rich. The reality is they're not going anywhere, argues Kate Bermingham

bylinetimes.com

 

[Elephant Pyjamas]

UK unemployment rises to highest level in nearly four years

Wage growth cools more than expected as Rachel Reeves tax increases add to labour market slowdown

www.theguardian.com

 

[leedswolf]

We earn £100k but can no longer afford private school - there's £1.68 in the bank

On paper, my husband and I have it all: two well-paid jobs, our own home and two of our three kids at private school but at the end of each month we're scrounging

inews.co.uk

Telegraph removes school fees sob story after it turns out to be fake

The Telegraph has removed a story about a rich family struggling with private school fees - after it turned out it was based on a fake source.

www.thelondoneconomic.com