Reply to: Spring budget - what tax to cut?

[vetran]

Yes, Rees-Mogg, Johnson, etc are all clear examples of people who have read the memo and decided to ignore it.
But best thing is to do nothing and blame everyone else.

ah whatabboutery so our fertility is below replacement level but it is all JRMs fault that we will need more resources for China, Africa etc.


We need to prepare for the perfectly reasonable requirement as countries get richer they will want a similar standard of living.

[WTFH]

The Western world read the memo, not so much the rest who continue to have larger families.

Yes, Rees-Mogg, Johnson, etc are all clear examples of people who have read the memo and decided to ignore it.
But best thing is to do nothing and blame everyone else.

[Gibbon]

India in reality is growing slightly less quickly but it is still looking like a few hundred million more in years.

https://datacommons.org/place/countr...pt=Peson&hl=en

Nigeria

https://datacommons.org/place/countr...t=Person&hl=en

A bit of war messes up your assumptions

https://datacommons.org/place/country/PSE

https://datacommons.org/place/country/YEM

yes it may slow to change but its a big tanker to turn.

The other issue is that once everyone gets rich enough they will want the same standard of living as other rich countries. How is the world going to manage that?

War/Plague usually does it.

[vetran]

Rubbish.

The global fertility rate has halved over the past 50 years and continues to decline. Projected to end up below the replacement rate (2.1) in the next 20 years.
https://www.bbc.co.uk/news/health-53409521

It's generally a trend associated with less poverty and more stable incomes - thanks capitalism.

South Korea's very low birth rate is now a national emergency https://www.bbc.co.uk/news/world-asia-68402139

India in reality is growing slightly less quickly but it is still looking like a few hundred million more in years.

https://datacommons.org/place/countr...pt=Peson&hl=en

Nigeria

https://datacommons.org/place/countr...t=Person&hl=en

A bit of war messes up your assumptions

https://datacommons.org/place/country/PSE

https://datacommons.org/place/country/YEM

yes it may slow to change but its a big tanker to turn.

The other issue is that once everyone gets rich enough they will want the same standard of living as other rich countries. How is the world going to manage that?

[Smartie]

The Western world read the memo, not so much the rest who continue to have larger families.

Rubbish.

The global fertility rate has halved over the past 50 years and continues to decline. Projected to end up below the replacement rate (2.1) in the next 20 years.
https://www.bbc.co.uk/news/health-53409521

It's generally a trend associated with less poverty and more stable incomes - thanks capitalism.

South Korea's very low birth rate is now a national emergency https://www.bbc.co.uk/news/world-asia-68402139

[DoctorStrangelove]

I don't disagree with this being an improvement, but they should abolish the charge completely and remove the 2 child cap - they should be encouraging families of all income levels to have more children especially given the way the demographics is going, there will be no one around to pay state pensions...

Hi, Elon How's things going with Twatter? Just askin' like.

[vetran]

The world is overpopulated.
There isn’t enough affordable housing in the UK near where workers can get jobs.

Fathers with more than 2 children should be penalised, and IVF should not be offered on the NHS.

The Western world read the memo, not so much the rest who continue to have larger families.

[WTFH]

they should abolish the charge completely and remove the 2 child cap - they should be encouraging families of all income levels to have more children especially given the way the demographics is going, there will be no one around to pay state pensions...

The world is overpopulated.
There isn’t enough affordable housing in the UK near where workers can get jobs.

Fathers with more than 2 children should be penalised, and IVF should not be offered on the NHS.

[Snooky]

Since the introduction of independent taxation in 1990, all individuals have been assessed for tax as separate persons. This reform reversed a principle that had underpinned the tax system for almost two hundred years: that a married woman’s income was simply part of her husband’s income, and should be taxed as such.

The thing that amazes me the most about this is that it didn't happen till 1990

I'm certain my wife and I had both been working for several years, being taxed independently, before that? But I'm getting old and forgetful so maybe not.

[Bluenose]

Spain has a flat rate tax system? That's news to me, I thought it was a progressive system. Perhaps I misunderstood what you were saying.

It’s 24% flat for brits for up to five tax years.

[SueEllen]

Yes we know that appiles to child benefit, we were talking about precedents for using household income, and so I mentioned child tax credits.

I remember my mother saying that it was Thatcher who stopped household income being collected. As apparently before then a married man would have to deal with his wife's tax affairs.

This came up from the Commons Library - https://commonslibrary.parliament.uk...fings/sn00870/

The system of independent taxation


Since the introduction of independent taxation in 1990, all individuals have been assessed for tax as separate persons. This reform reversed a principle that had underpinned the tax system for almost two hundred years: that a married woman’s income was simply part of her husband’s income, and should be taxed as such.


The introduction of the married couple’s allowance


As part of this reform a new tax allowance, the married couple’s allowance (MCA), was introduced. The MCA could be claimed by all married couples. In April 2000 the MCA was withdrawn from all couples, except those who had already reached the age of 65 or over. This remains the case. As a consequence only those couples in which one partner is at least 89 years old will be entitled to claim the MCA in the coming tax year (2023/24).

[Fraidycat]

No its on either 'parent' in the household. So if your Girlfriend who earns £30k claims CB for her kids and you don't have any but earn £60k you get to pay back what she is claiming.

Yes we know that appiles to child benefit, we were talking about precedents for using household income, and so I mentioned child tax credits.

[vetran]

Don't they do that already for child tax credits? When i google it says child tax credits are based on household income..

No Child Benefit not tax credits its on either 'partner' in the household. So if your Girlfriend who earns £30k claims CB for her kids and you don't have any but earn £60k you get to pay back what she is claiming. From what I understand they don't have to be your kids or even your adopted kids. If you both earnt £49,999 then the tax clawback isn't payable. It penalises families that have a primary earner.

On disability they set on the household income so if you have grown up kids and the household earns > £100k your disability payments dwindle.

https://www.gov.uk/child-benefit-tax-charge

it may not be a massive incentive but £2k means people are less likely to live together, if I get a Girlfriend with a council house, I wouldn't move in or move her into my house.

[sreed]

I don't disagree with this being an improvement, but they should abolish the charge completely and remove the 2 child cap - they should be encouraging families of all income levels to have more children especially given the way the demographics is going, there will be no one around to pay state pensions...

The 2 child cap does not apply to Child Benefit. It only prevents parents from claiming child tax credit or UC for any third or subsequent child born after April 2017.

[Fraidycat]

I don't disagree with this being an improvement, but they should abolish the charge completely and remove the 2 child cap - they should be encouraging families of all income levels to have more children especially given the way the demographics is going, there will be no one around to pay state pensions...

I dont think anyone who works for living in encouraged to have an extra kid the for the £15 per week additional child benefit.

We need some real incentives like this:
Hungary's prime minister, Viktor Orbán, has promised that women who have four or more children will never pay income tax again.

However in the UK the elites have decided we are going to import immigrants instead..