Nice one, Boris, let's kick the pensioners again. It could well become a an Olympic sport!!

We don't all have access to grossly inflated salaries, multiple homes and unlimited expenses.

Most of us are on fixed incomes and trying hard to make ends meet while the cost of living continues to rise - rapidly - and the few perks we do have are already being removed.

TV licenses for the over 75s are being withdrawn - even from those who have had them for years. Doesn't effect me as I don't have TV but for a lot of housebound people that must be a bitter blow.

Bus Passes - under threat again - as a none car owner I rely on my pass for trips to town and the occasional day out - as do a lot of others - and the cost of public transport is extortionate.

Council Tax - continues to rise while the services it pays for continue to diminish.

Price of food - continues to rise - not only the food itself but now the added cost of having it delivered due to 'lock down'. Can we blame Boris for that? Why not, he probably hoped C19 would kill off the older generation who, incidentally, have worked and earned their place in society

You want to generate some income, Boris?

Stop paying grossly inflated salaries/expenses to MPs who often cannot even be bothered to turn up to sessions in Westminster. Cap their income. Stop their expenses. Suggest they live within their means - and listen to them squeal. Few of them are there to represent 'the people' - they are there to line their own pockets - whatever political persuasion they may claim to be.

Stop Financing their second/third homes.

Stop Paying out billions in 'aid' to countries who waste it on useless projects like space travel or to buy/make weapons which can then be used against us!

Stop all immigration for at least five years. Then - make it for one generation only i.e., Man, wife, their children - not their parents, grandparents, uncles, aunts, ad infinitum! Those who do come should have a job/sponsor to come to, should be able to speak the language, and should be willing to abide by our laws.

Stop all benefits to the bone idle dolites and scroungers - make them earn their keep. Benefits should be kept to support those in genuine need/hardship - assessed at regular intervals - and withdrawn if/when the need/hardship has been overcome.

Stop child allowance or, at least, restrict it to the first child only. There are enough methods of contraception available - most of them free - to satisfy even this sexually incontinent generation. Including the word 'No'!

None of the above is ever likely to happen though as we are 'governed' by wimps and morons who are too scared of their own shadows or, more likely, losing their own luxury life styles, to ever stand up and be counted.

It says quote" Officials are looking into the exact mechanism by which over-40s would pay" Unquote.

that means we as pensioners would have to pay as well, no mention about if there is an age limit

Yes, that figure is always trotted-out by the wealthy and their hangers-on to show how generous they are being to the rest of us.

However, it in no way reflects the actual earnings of that 1%, whose combined wealth, if taxed in proportion to its value, would deliver far more in revenue than it does.

Unless you yourself are stinking-rich, I see no reason to let that 1% off the hook - unless, of course, you want to pay more than your fair share of tax to make up the shortfall.

The situation in the USA - the home of happy free-enterprise - is even worse than the UK has become since the 1980s:
https://www.youtube.com/watch?v=pTwPHuE_HrU

This Years Sunday Times Rich List showed starkly which political party in the Uk the wealthy propped-up - and it sure as hell wasn't the Labour Party.

Yes, that was what was implied but never actually implemented. The weasel words were well crafted but the reality was as usual people read what they wanted to read in particular the credits "earned" being carried forward to future employers which while being perfectly true was in effect a paper exercise, no money ever changed hands for the simple reason that until "pension" age there WAS no money.

It was only on retirement that the years credits earned became a slice of the action which was then paid out of current account taxes per year.

Just another bit of Socialist sharp practice.

But money DID change hands Todgy! From my pay packet to
the chancellors coffers??
So the stamps or credits became de-- facto money again on
presentation for payment!!
You havent answered my question, WHY CHANGE IT??

Donkeyman! 😇😇😇

Hell hath no fury like a jealous Socialist! IMO there should be an upper limit on how much tax any individual is required to pay. I would suggest somewhere around £75,000.

Once that figure has been reached then no further taxes no matter how high the earnings get. Just called at £75,000.

Yes, you were paying into a budget centre that was being used in part to fund payments being paid by the treasury in order to meet the "pensions" being paid to those entitled to the government benefit and also to pay for those entitled to the role. The money didn't go to any coffers, they were paying for the claimants in the current year. Those stamps were only a means of proving a receipt that what was a job tax paid by employer and employee into the budget line that was in part paying claimants.

There never was a pot for money from NI payments, there was a separate collection route but that was all. That was rationalised somewhat but workers still pay NI separate from income tax and employers still pay the Employer contribution.

The reason these two are separate is that while income tax depends on earnings and discounts based on personal circumstances the NI payment is based purely on pay.

In effect most of us end up paying two taxes, one variable because of wage and allowances, the other based solely on pay.

That being so the only value our NI contributions have is determining the %age of the amount of money that is set each year to be pain as the State Age Related Benefit aka Old age pension.

There never was a pot of money gathered from us as NI.

But, but, but! There were no previous claimants to be payed Todgy?
This was the beginning of OAP in the uk!
So what should have happened was for my and other prospective
pensioners hard earned money should have been left in an interest
bearing account somewhere untill such time came to start paying
some of the pensions,ncame! Meanwhilethe fundnshould have
grown somewhat should'nt it??

Donkeyman! 🤔🤔

But, but, but! There were no previous claimants to be payed Todgy? This was the beginning of OAP in the uk!

So what should have happened was for my and other prospective pensioners hard earned money should have been left in an interest bearing account somewhere until such time came to start paying some of the pensions, came! Meanwhile the fund should have grown somewhat shouldn't it??

Donkeyman! 🤔🤔

The UK national insurance scheme was always intended to be paid for out of current taxation. There never was any pot. Same with the whole of the Welfare State.