UK Emergency Budget

[BeBMan]

What will they cut in the US to get deficits under control?

[Hauldren Collider]

Oh **** off Little Lord Fauntleroy. You need a good, educational period spent unemployed and in poverty.

Unfortunately I have too many valuable skills to make it as a parasite

Yes this particular tax increase hits the poor the hardest but the overall tax burden in Britain I suspect is much greater on the rich as it is and if it is anything like the US then the middle class is certainly not paying its fair share of taxes. You've got a majority of people basically legalizing theft from a minority of people with retarded crap like middle class subsidies. The idea of middle-class people categorically needing financial aid is laughable.

[Hauldren Collider]

What will they cut in the US to get deficits under control?

If I recall correctly, you could pretty much eliminate our budget problems by eliminating social security and medicare (for all but the poor, then it becomes basically welfare) and getting rid of the new healthcare law.

Other things to get rid of: The tax deductions for housing and insurance.

[Asher]

also: warmongering

[Bugs ****ing Bunny]

Unfortunately I have too many valuable skills to make it as a parasite

Yes this particular tax increase hits the poor the hardest but the overall tax burden in Britain I suspect is much greater on the rich as it is and if it is anything like the US then the middle class is certainly not paying its fair share of taxes. You've got a majority of people basically legalizing theft from a minority of people with retarded crap like middle class subsidies. The idea of middle-class people categorically needing financial aid is laughable.

You need to experience poverty. It'll help fill in the areas of missing humility- a condition sadly all-too-common in privileged kids riding the coat-tails of the ancestors who actually made the breakthrough, and mistakenly thinking this gives them some sort of nobility.

[Hauldren Collider]

You really shouldn't make conjectures. I'm not going to try to prove to some idiot on the internet that I have work ethic because that's not how I validate myself. Just thought I'd let you know that you're wrong.

Edit: Also neither my father nor my grandfather have inherited significant money from their parents, and neither will I...just sayin'

[Bugs ****ing Bunny]

You mean you're not from an affluent background, Kuci's brother? Are you the poor sibling who lives in the cellar like Cinderella?

[KrazyHorse]

Why is 20% VAT ridiculous?

[Hauldren Collider]

I dunno, paying 6/5ths seems like a rather large markup to me.

Then again I probably should be considering the fact that this means they take less from my paycheck.

[Asher]

It's absurdly high for a VAT. Or it should be considered as such.

Is this going to be a lecture on regressive taxes?

Or are you going to say it's proportional, so that's why it rules?

[Hauldren Collider]

how is it absurdly high if you don't have as much taken directly from your paycheck?

Edit: Oh, regression? Hmm. Isn't there a way to make VATs progressive?

Edit 2: Wait a minute how is it regressive at all? You pay based on your consumption. Rich people earn more and therefore consume more...you pay the same percentage of your income. It's not progressive OR regressive.

Edit 3: Unless you consider that an additional dollar could have less marginal value than previous dollars...argh I'm confused. Someone clarify please

[KrazyHorse]

I dunno, paying 6/5ths seems like a rather large markup to me.

Then again I probably should be considering the fact that this means they take less from my paycheck.

Yes, perhaps you should consider that.

[KrazyHorse]

It's absurdly high for a VAT. Or it should be considered as such.

Is this going to be a lecture on regressive taxes?

Or are you going to say it's proportional, so that's why it rules?

Why are you outraged at the thought of a 20% VAT but not a 16.67% earned income tax?

[Asher]

how is it absurdly high if you don't have as much taken directly from your paycheck?

Edit: Oh, regression? Hmm. Isn't there a way to make VATs progressive?

Edit 2: Wait a minute how is it regressive at all? You pay based on your consumption. Rich people earn more and therefore consume more...you pay the same percentage of your income. It's not progressive OR regressive.

Edit 3: Unless you consider that an additional dollar could have less marginal value than previous dollars...argh I'm confused. Someone clarify please

Some consider it proportional, some consider it regressive. Rich people do not spend the same proportion of their income as poor people, in general. As such it is widely seen as regressive. If you look at % of income contributing to VAT, poor people would have higher numbers.

[Asher]

Why are you outraged at the thought of a 20% VAT but not a 16.67% earned income tax?

No one's given me the opportunity to be outraged at at 16.67% earned income tax.