Why are young’ish people leaving the job market?

[coppice cutter]

4 hours ago, peds said:

So we are all in agreement... we need to tax the rich. 

I guess you need to define "rich".

[GarethM]

Whilst the pre budget system wasn't perfect it did incentives earning/working more.

 

I think the real problem is around schemes such as ir35 and such. It should be a level playing field, encouraging you to earn more whilst paying a fair tax.

[Squaredy]

6 minutes ago, GarethM said:

Whilst the pre budget system wasn't perfect it did incentives earning/working more.

 

I think the real problem is around schemes such as ir35 and such. It should be a level playing field, encouraging you to earn more whilst paying a fair tax.

There is a lot to be said for abolishing all forms of tax on work.  I do realise this would create some problems, but it would make life so simple, save billions in trying to collect the tax and remove a major disincentive to work.  Instead tax spending.  Basics like simple food low tax and luxuries highly taxed.  And luxuries that destroy the planet taxed super high. 
 

That way we all keep every penny we earn, and if we want to buy lots of stuff that we don’t need we pay lots of tax.  If we want to live frugally we buy less stuff and therefore pay little tax.

 

Of course we also need land reform so normal people can get on the property ladder without depending totally on inheriting their grandparents house.

[GarethM]

I don't think anyone wants an American style tax system squaredy.

[eggsarascal]

1 hour ago, Squaredy said:

There is a lot to be said for abolishing all forms of tax on work.  I do realise this would create some problems, but it would make life so simple, save billions in trying to collect the tax and remove a major disincentive to work.  Instead tax spending.  Basics like simple food low tax and luxuries highly taxed.  And luxuries that destroy the planet taxed super high. 
 

That way we all keep every penny we earn, and if we want to buy lots of stuff that we don’t need we pay lots of tax.  If we want to live frugally we buy less stuff and therefore pay little tax.

 

Of course we also need land reform so normal people can get on the property ladder without depending totally on inheriting their grandparents house.

I quite like the idea, I keep all the money I earn and lookout for myself, have to get healthcare insurance, I could live with that. I still think many would struggle though. I don’t know the answer.

[eggsarascal]

23 hours ago, kevinjohnsonmbe said:

Nevermind that - get Tracey's phone number will ya!  She looks like a right banger!

I seem to attract these people.

[Mick Dempsey]

Re. The whole no tax thing.

When roaming armed gangs are invading your property because there’s no police.

Foreign invaders march unopposed down your high street.

Infrastructure, bridges, roads etc. Become unusable through lack of investment.

 

See what use your little bits of paper with numbers are to you then.

[Doug Tait]

2 minutes ago, Mick Dempsey said:

Re. The whole no tax thing.

When roaming armed gangs are invading your property because there’s no police.

Foreign invaders march unopposed down your high street.

Infrastructure, bridges, roads etc. Become unusable through lack of investment.

 

See what use your little bits of paper with numbers are to you then.

If you watch the news that's already how things are!

[Mick Dempsey]

2 minutes ago, Doug Tait said:

If you watch the news that's already how things are!

Yeah I know.

But seriously, sometimes people think that our society just occurs by happenstance and we should get access to it for no sacrifice on our part.

[Haironyourchest]

8 minutes ago, Mick Dempsey said:

Yeah I know.

But seriously, sometimes people think that our society just occurs by happenstance and we should get access to it for no sacrifice on our part.

 

So what's your personal strategy for (legally) minimizing your tax burden, Mick?

 

Or do you just work as much as you possibly can and pay the higher rate, virtuous, like?