excelonman

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excelonman

excelonman

@excelonman

United Kingdom Katılım Aralık 2010
115 Takip Edilen40 Takipçiler
excelonman
excelonman@excelonman·
@JH_Investments We paid considerably more and even more as we had not lived in UK for one full year (irrelevant really since we sold up everything overseas and are British citizens). It is a tax that should not exist. Doesn't even stay local, goes back to central govt
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Hayward
Hayward@JH_Investments·
I’m about to pay £5,000 in Stamp Duty to move house In the grand scheme of buying a home, it’s not the biggest cost But… The government made £45 million today from people moving house I’ve already paid Income Tax and National Insurance Then I’m taxed again just for buying somewhere to live The same house can generate Stamp Duty over and over again Why is moving house taxed at all?
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Henry Carr
Henry Carr@DudleyMcStudley·
@BunkerGraeme If it was just for things like bins and potholes then fair enough. But when the majority is for adult and child social care, why should you be punished with higher tax for living in areas with more need on that front? Would be great if that care could be centrally funded instead
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excelonman
excelonman@excelonman·
@BobMurphyEcon There isn't 30% margin in groceries for starters. So if the plan is to subsidise groceries below cost, that would be predatory pricing and against most competition laws.
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Dr Jennine Morgan
Dr Jennine Morgan@jemmm85517813·
The Death Tax is looking extremely worrying! 270k average house price..27k tax to pay if your spouse dies? Then if you havn’t 27 k savings you have to sell your home buy another & pay stamp duty for a smaller home if there are any cheaper properties available!
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excelonman
excelonman@excelonman·
@neilmwhite EV as a secondary car for short commutes is perfect. 1,000 miles driven for £5 of charging at home Vs £165 for same on my hybrid. However, you pay a premium on the EV plus the cost of the home charger. Takes 5-8 years to recoup costs depending on mileage driven annually
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Neil M White
Neil M White@neilmwhite·
It costs £2 to charge up my wife's new EV. She'll need to charge it twice a week on average. £4 a week. Her diesel bill used to be £35 a week.
Neil M White tweet media
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Dividendology
Dividendology@dividendology·
Someone has 400k in retirement accounts and 600k in home equity. Do you consider them a millionaire?
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excelonman
excelonman@excelonman·
@Mikethejourney1 There have always been expensive holidays, it's a choice to pay or go elsewhere.
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Mike - Investor £37.6K 🇬🇧
Mike - Investor £37.6K 🇬🇧@Mikethejourney1·
£6,707.52. For 2 adults and 2 babies. One week. One hotel. Basic flights. That’s not a holiday, that’s a deposit on a house. And this is with a £501 discount applied. Did I miss something in the last 2/3 years, or has package holiday pricing completely lost the plot?
Mike - Investor £37.6K 🇬🇧 tweet media
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excelonman
excelonman@excelonman·
@RJSHutton Not in all cases obviously but it is a matter of pride and personal responsibility. If you can't afford it, you should do without, with the exception of the necessities of life. Raised by a single parents of two children and never took a handout, simply did without.
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Rich
Rich@RJSHutton·
If people really are jealous of somebody living on Universal Credit receiving discounts so their children don't miss out, then you could always resign your job and sign on. Amazingly, nobody ever does that.
Ben 🇬🇧💷@ben__investing

Was booking tickets for Edinburgh Zoo this weekend. Noticed people on Universal Credit get a discounted rate. Adult ticket: £30. Adult ticket (UC): £8. A 73% difference. No shade to people on UC. But why are we being punished for having a job?

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Paula Pant
Paula Pant@AffordAnything·
Honest question: What would stop anyone from just flipping these groceries? Buy up all the inventory at 30% less than retail, then sell it at 10% less than retail? Especially canned/packaged goods? Kinda seems like a taxpayer-funded arb opportunity ... Has this not occurred to any of them??
End Wokeness@EndWokeness

Mayor Mamdani just announced that he will be opening 5 city-run, tax-funded grocery stores: "Prices set at 30% below retail prices"

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excelonman
excelonman@excelonman·
@largacty2 UC is not considered taxable income so the fairness isn't right at all for those on low wages but not UC. The whole thing needs a rethink
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largacty2 𓅃
largacty2 𓅃@largacty2·
A lot of people upset about this seem to think Universal Credit are paying for people to go to the zoo rather than the zoo realising getting someone who otherwise wouldn’t come at all to pay a reduced rate will net them more income.
Ben 🇬🇧💷@ben__investing

Was booking tickets for Edinburgh Zoo this weekend. Noticed people on Universal Credit get a discounted rate. Adult ticket: £30. Adult ticket (UC): £8. A 73% difference. No shade to people on UC. But why are we being punished for having a job?

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excelonman
excelonman@excelonman·
@cristo_radio Didn't like it when Tories did it, won't like it now but it is the correct move. Thia issue is still incomplete. Would it fund councils accordingly, does central govt funding change?
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Cristo
Cristo@cristo_radio·
Deep down, everyone must know the only fair way to calculate council tax should be per eligible person over 18 residing in that area. Everyone pays. The size or value of your house is completely irrelevant. Four adults in a property? That’s four adults using council services, so 4 adults pay. But @andyburnham and other leaders are too cowardly to do it this way. Punishing those who’ve done well is way easier and mark my words, will be the way they reform this.
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Vuk Vukovic
Vuk Vukovic@wolf_vukovic·
Here’s an economics law: If a grocery store wants to sell food 30% cheaper, one of only four things *must* be true: 1. Its suppliers are accepting 30% lower prices. 2. Its workers are accepting 30% lower wages. 3. Taxpayers are covering the difference through subsidies. 4. The store is operating at a loss, and will soon be out of business. Prices aren't actually 30% lower - they've just been shifted somewhere else in the system. Something that people have a very hard time understanding is that prices don't disappear. They allocate scarce resources. You can move costs around, hide them, or delay them, but you can't make them vanish. Having said that, let them do this experiment. They will destroy small grocers and produce food shortages. Perhaps people will learn a lesson then. Perhaps this failed enterprise will represent another nail in the coffin for bad ideas that never work? Yeah, right! 😂
TFTC@TFTC21

NYC Mayor Mamdani announces five city-run, tax-funded grocery stores with "prices set at 30% below retail prices."

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excelonman
excelonman@excelonman·
@BarbellFi Recessions have always happened. Job losses have always happened. You plan accordingly and ensure you have a backup
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Barbell Financial 💪🏻💰
Barbell Financial 💪🏻💰@BarbellFi·
Many folks seem to love their mortgage Because they have a low interest rate Let’s see how much you love it when: Recession hits You lose your job Portfolio is down 40% And the mortgage is due 1 in 54 homes foreclosed in 2008 😳
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excelonman
excelonman@excelonman·
@CraigMurrayOrg Respectfully, two questions, would you be seeking independence if UK was economically positive and still in the EU? Will you also prepare a costed analysis to show your fellow Scots what happens during/after you gain independence?
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Craig Murray
Craig Murray@CraigMurrayOrg·
It is plain to everybody that Swinney has no plan on how to progress Independence. I have a practical, concrete and legal plan. I shall publish it on Wednesday.
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excelonman
excelonman@excelonman·
@2fz44 Respectfully, it isn't normal to have different pricing based on being on benefits. Where do you draw the line?
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fz
fz@2fz44·
“punished” ?? if you’re able to afford a day out at full price, you’re already in a more fortunate position than most families on UC. discounted tickets aren’t about "punishing" those in work, its about making it accessible for children from lower income families
Ben 🇬🇧💷@ben__investing

Was booking tickets for Edinburgh Zoo this weekend. Noticed people on Universal Credit get a discounted rate. Adult ticket: £30. Adult ticket (UC): £8. A 73% difference. No shade to people on UC. But why are we being punished for having a job?

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George Henderson
George Henderson@georgeh71065174·
Why have Plaid Cymru,Sinn Fein & the SNP not stood together on a platform & stated the English Pretend Union is dead,If 3 of the 4 countries want to end it then it should end,If England say no,Its not a Union its a dictatorship,Stop being cowards & go to the International Court
Rhun ap Iorwerth@RhunapIorwerth

🏴󠁧󠁢󠁷󠁬󠁳󠁿🏴󠁧󠁢󠁳󠁣󠁴󠁿We may be supporting different teams in Glasgow…@JohnSwinney But the Plaid Cymru Welsh Government and the SNP Scottish Government will always work together to deliver the best for the people of Wales and Scotland.

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excelonman
excelonman@excelonman·
@thehonestletter Évident 30yrs ago that state pension was not going to be enough and was supplemental. You needed to contribute and maximise your work pension for matching purposes, and then into a SIPP for tax relief. Contribute £100 a month for 40yrs at 6% with tax relief =£250K
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Sonny
Sonny@thehonestletter·
The full new State Pension is about £230 a week. That's what fifty years of work buys you. Roughly £12,000 a year. Out of that comes council tax, energy, water, food, insurance and everything else — in a country where the average one-bed rent is over £1,000 a month on its own. And you don't get it until your late sixties, an age that keeps being pushed further back. Half a century of alarms, commutes and appraisals, and the reward is an income well below full-time minimum wage, starting at an age when you may not be well enough to enjoy it. Anyone relying on the state pension alone is signing up for a very thin old age. The people who retire comfortably almost always have something else — a business they sold, property, investments, or a skill that still earns after they stop clocking in. All of it built during the working years, out of income they created rather than the wage that was already spoken for.
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excelonman
excelonman@excelonman·
@SteveOnSpeed Depends if they bought a normal house but overpaid for it and whether they have the income/savings to cover it if things went sideways
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excelonman
excelonman@excelonman·
@FarleyWrites Drink pre match, post match. Not during the match. That goes for concerts too
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Keşfet

@JH_Investments @DudleyMcStudley @BunkerGraeme @BobMurphyEcon @jemmm85517813 @stuartpowell @neilmwhite @dividendology