This Cameron non-story

[sasguru]

1. I am well aware of that - she's still a politician.
2. Agree in terms of tax yield.
3. Read John Maynard Keynes. Treating an economy like a household budget is a mistake; as the average person suffers economically in a downturn, they are usually subjugated excessively driving growth downwards and the 1% benefit disproportionately.
4. Following Keynesian economics is not socialist as such, but the current UK situation is that there are a large minority living off food banks with no permanent place to live and limited opportunities (I don't count Amazon's zero hours contracts as opportunities).

There's got to be another way.

That's not the current UK situation, it's the current European situation.
There are plenty of food banks and people who rely on them in Germany, a country much more powerful and richer than us. And Germany is meant to be more social-democratic and more equal.
What do you expect if the Western world has just gone through its worst economic crisis since the 30s?
It's not ideal that people need to go to food banks, but there are no easy answers.
I would bet that even the poorest in this country have levels of nutrition higher than much of the developing world and probably higher than the average person under communism.

[vetran]

What did you expect to see in Labour Leaders tax return, millions of pounds???

According to Camoron's tax return he is much poorer than me, when in reality it certainly isn't the case (yet).

why not Millipede wasn't Broke and DemonEyes is loaded.

[AtW]

why not Millipede wasn't Broke and DemonEyes is loaded.

I am pretty convinced by now that under Millipede I'd pay lower taxes.

[tomtomagain]

What did you expect to see in Labour Leaders tax return, millions of pounds???

According to Camoron's tax return he is much poorer than me, when in reality it certainly isn't the case (yet).

No. Not millions of pounds.

But a man who has been employed as a higher rate tax payer for 40 years should have something.

It's not very prudent to have no savings at all.

Of course he could well have used his maximum ISA allowance each year. That doesn't show on a tax return.

And he could have given it to his partner to invest on his behalf.

Having zero? Seriously? This is the person you want to run the economy? I'd rather have someone in charge who knew about money.

[sasguru]

No. Not millions of pounds.

But a man who has been employed as a higher rate tax payer for 40 years should have something.

It's not very prudent to have no savings at all.

Of course he could well have used his maximum ISA allowance each year. That doesn't show on a tax return.

And he could have given it to his partner to invest on his behalf.

Having zero? Seriously? This is the person you want to run the economy? I'd rather have someone in charge who knew about money.

WHS. The leader of the feckless.

[vetran]

I am pretty convinced by now that under Millipede I'd pay lower taxes.

You probably would we would just pay more interest on the loan.

[AtW]

But a man who has been employed as a higher rate tax payer for 40 years should have something.

He was MP since 1983, the fact that he does not earn much is a + to his reputation not a -.

It's not very prudent to have no savings at all.
Of course he could well have used his maximum ISA allowance each year. That doesn't show on a tax return.

Or his banks pays him 0% interest rate, or 0.05%.

How many savings average person in UK got, enough to last 1 month without a pay cheque?

Having zero? Seriously? This is the person you want to run the economy? I'd rather have someone in charge who knew about money.

Yes that's not great, but I am not sure your assertion that he totally got no savings is true, most unlikely.

[AtW]

You probably would we would just pay more interest on the loan.

QE makes sure interest payments don't increase, most of those payments made on already issued debt which is very long term.

[vetran]

He was MP since 1983, the fact that he does not earn much is a + to his reputation not a -.




How many savings average person in UK got, enough to last 1 month without a pay cheque?

Higher rate since 1983 he should be minted if he had any sense. I have plenty of savings despite being 20+ years younger and many years less than him at higher rate.


How many savings does an average higher rate person have would be a better question.

[darmstadt]

Having zero? Seriously? This is the person you want to run the economy? I'd rather have someone in charge who knew about money.

This guy presumably: