‘ Millennials can’t pay any more’ – Covid-19 will mean tax increases for older gen

[DoctorStrangelove]

Yeah totally, and all his predecessors were totally different sort.

Yes, to a large extent they were.

[Old Greg]

This is a global crisis and if countries acted together to put a tax on the assets of the richest 0.01% of the world population, that would help matters. Treat non-payment as tax evasion and put out Interpol warrants for tax evaders.

[Whorty]

It has always been the same, it will not change because of current circumstances. Wheathet it is taxes or rent extraction. Just a more elaborate plot to distract the young.

As for me, I’d be fine, I’d rather have just enough doing my own thing instead of slaving away to old farts like you in the same old corporate chain.

For you it is too late I am afraid, you do not know any other way...

The older I get the more I understand it is all about freedom. It comes in different forms of shapes but not how the corporate world has brainwashed you friend.

You really have no idea about businesses do you?

If working 2 days a week and having the ability to retire at 50 is too late for me to learn anything new then, you know what fella, I''l take that Vs your attitude.

Us old farts have grafted hard over the years to get where we are; you, however, seem to want it handed to you on a plate but when it isn't you blame others for your failures. Problem for you is, there are plenty of your peers who are willing to work hard and you're competing against these. Change your attitude mate or forever be angry and a loser - the power is in your hands only.

[fullyautomatix]

I don’t think the Torres have any master plan to balance the books. They make up things as they go along, any strategy is likely only for the next one week. At the moment, as long as they can borrow or print money, they are coming up with bizarre ideas to spend it.

Paying back government debt is never a short term goal, it’s always a problem for the next government that comes in.

[SueEllen]

I don’t think the Torres have any master plan to balance the books. They make up things as they go along, any strategy is likely only for the next one week. At the moment, as long as they can borrow or print money, they are coming up with bizarre ideas to spend it.

Paying back government debt is never a short term goal, it’s always a problem for the next government that comes in.

Which at this rate will be Labour.

[OwlHoot]

This is a global crisis and if countries acted together to put a tax on the assets of the richest 0.01% of the world population, that would help matters. Treat non-payment as tax evasion and put out Interpol warrants for tax evaders.

What an absurd idea.

If every country acted together like that, and redistributed the funds equally then everyone would end up with the equivalent of an extra 2p. Woopy doo!

[Old Greg]

What an absurd idea.

If every country acted together like that, and redistributed the funds equally then everyone would end up with the equivalent of an extra 2p. Woopy doo!

It's not about redistributing equally, it's about paying the cost of Covid.

And if it were about redistribution, it would come in and somewhat more than 2p per head.

[jayn200]

This is a global crisis and if countries acted together to put a tax on the assets of the richest 0.01% of the world population, that would help matters. Treat non-payment as tax evasion and put out Interpol warrants for tax evaders.

What about the global malaria problem? What about global warming? What about global wealth inequality? What about global .... (Fill in relevant issue here)?

Where do you stop? Just keep taxing rich people's assets till there is nothing left... Why not right? Let's transfer assets.. from people who use them productively to produce more assets .. to unproductive governments who will squander them.

That's great for everyone right? I'm sure global wealth will increase.. I'm sure poor people will be much better off.

Countries will just print their debts away anyway and transfer wealth from the population that way, at least when they do that it hits everyone relatively equally.

[LondonManc]

What about the global malaria problem? What about global warming? What about global wealth inequality? What about global .... (Fill in relevant issue here)?

Where do you stop? Just keep taxing rich people's assets till there is nothing left... Why not right? Let's transfer assets.. from people who use them productively to produce more assets .. to unproductive governments who will squander them.

That's great for everyone right? I'm sure global wealth will increase.. I'm sure poor people will be much better off.

Countries will just print their debts away anyway and transfer wealth from the population that way, at least when they do that it hits everyone relatively equally.

Yes, no. In that order.

The 0.1% are accelerating away from the rest of the world. They are the ones who can change things but it is not in their interest to do so.

[Old Greg]

What about the global malaria problem? What about global warming? What about global wealth inequality? What about global .... (Fill in relevant issue here)?

Where do you stop? Just keep taxing rich people's assets till there is nothing left... Why not right? Let's transfer assets.. from people who use them productively to produce more assets .. to unproductive governments who will squander them.

That's great for everyone right? I'm sure global wealth will increase.. I'm sure poor people will be much better off.

Countries will just print their debts away anyway and transfer wealth from the population that way, at least when they do that it hits everyone relatively equally.

Ah the slippery slope fallacy. Nice.