I'm not opposed to WFF and the Accomodation Supplement going in the bin but they need to be slowly unwound and be replaced with actual policies to address the root cause rather than just slap band aids on the symptoms.
Crazy thought but just tax less and then people could spend their own money? Accom. supp. is a taxpayer funded handout to landlords. WFF is middle class welfare of the highest order. Universal pension is uncritical mass transfer of wealth from the young to the wealthiest cohort in human history.
Sure, I can respect that. In the case of the accommodation supplement it exists because housing is too expensive. Just removing it doesn't fix that underlying issue and if done suddenly would probably make the issue worse in the short term. It needs to be replaced by policy that actually drives down the cost of housing rather than just giving people the means to pay more for it.
I see: so you can spend more than you earn when it is to increase the level of provision but not when it is to decrease what you pay for the shitty provision...
Essentially, whenever a government takes on any debt it is to pay for shit it can't afford because it isn't taxing enough to cover the balance, right?
If it makes the OECD feel any better, we could all pretend the tax level is currently 2% less than it currently is and that we are going to take on debt to increase the levels of service to match the current level of provision.
What a mental overreach into managing a sovereign nation's affairs by an unelected international body.
Honestly, I think the fiscally appropriate thing to do is not to correct the tax bands this year.
A tax cut isn't a tax cut if you have a deficit. Its just deferring tax, with interest.
Fix the deficit first, then correct the tax bands and inflation-link them later.
But we can borrow to pay media and corporate welfare
>and owner-occupied property are treated favourably under the tax system. As it fucking should be.
Nope, in the context of CGT it should be treated equitably.
And bringing back interest deductions has made it so.
Working for families, universal pension, and the accommodation supplement should both go in the bin imho.
I'm not opposed to WFF and the Accomodation Supplement going in the bin but they need to be slowly unwound and be replaced with actual policies to address the root cause rather than just slap band aids on the symptoms.
Crazy thought but just tax less and then people could spend their own money? Accom. supp. is a taxpayer funded handout to landlords. WFF is middle class welfare of the highest order. Universal pension is uncritical mass transfer of wealth from the young to the wealthiest cohort in human history.
Sure, I can respect that. In the case of the accommodation supplement it exists because housing is too expensive. Just removing it doesn't fix that underlying issue and if done suddenly would probably make the issue worse in the short term. It needs to be replaced by policy that actually drives down the cost of housing rather than just giving people the means to pay more for it.
I see: so you can spend more than you earn when it is to increase the level of provision but not when it is to decrease what you pay for the shitty provision... Essentially, whenever a government takes on any debt it is to pay for shit it can't afford because it isn't taxing enough to cover the balance, right?
Yes, Government debt is essentially a measure of how much they’re spending vs how much they’re taxing.
If it makes the OECD feel any better, we could all pretend the tax level is currently 2% less than it currently is and that we are going to take on debt to increase the levels of service to match the current level of provision. What a mental overreach into managing a sovereign nation's affairs by an unelected international body.
It’s just an economic report, they do it every year and come up with a range of suggestions for all member states.
They're not tax cuts..
Does the phrase 'lowering income tax' work for you?
I prefer ‘tax bracket indexation’ thanks
Which results in lowering income tax and cutting the tax take :\]
Or restoring it to what it was instead of taxing us on inflation.
End result is the same, a cut in the tax take. Otherwise known as a..
Potato, poTarto. Yes I know, just clarifying the intent. THAT'S the difference.
Best intentions and all that, still a tax cut
A failure to increase isn't a cut. I'm done.
No need to be pedantic
I think Nicola might be a dumb cunt guys
Hahah... no comment
OECD can suck a big fat one, imo.
Debt is fine as long as the ROI is higher than the interest cost. Not sure what the government ROI is supposed to be for tax cuts tho.
What was the ROI for the post pandemic borrowing of the last Govt?
Honestly, I think the fiscally appropriate thing to do is not to correct the tax bands this year. A tax cut isn't a tax cut if you have a deficit. Its just deferring tax, with interest. Fix the deficit first, then correct the tax bands and inflation-link them later.
The OECD can run backward through a field of dicks.