A Paul Wilson

Too old to have an opinion that matters, but old enough to have the benefit of experience

[A Paul Wilson @APaulWilson1]

You are fortunate that you don’t need to howver the great majority of people did and with good cause. It is part of the ‘deal’ for the upto 23% of earned income the state takes towards it.

You are as you are aware free to donate your pension back to the state. I have left the link for you here.

https://t.co/QC672CXQO2

[A Paul Wilson @APaulWilson1]

@shadowJ47 Musk stands between the people and Pravda

[A Paul Wilson @APaulWilson1]

@tigerroarcouk @SuzieWo20886208 no. 19k tops basic salary

[A Paul Wilson @APaulWilson1]

@timreay @SuzieWo20886208 that was indeed the case

[A Paul Wilson @APaulWilson1]

average bin man earnings were 15/20 a week including overtime so 19/25k a year. You could only get mortgages from Building Societies at the time. You had to save for years, only took the mans wage into account, capped multiples at 2.5/3 times income. Houses were modest at the time, unheated, uninsulated, one bathroom (no shower), single glazed and very basic decor

Not like for like.

[A Paul Wilson @APaulWilson1]

@WONGthink @elonmusk you would have thought everyone would have learned to plead not guilty after the outcome of prosecutions arising out of Soutport

[A Paul Wilson @APaulWilson1]

The fired from last job is probably the flag to look at however here is a statistic that illustrates a big risk to small businesses

Danish hospital employees study (2004): Pregnant women averaged 6.1 sick days per month, compared to 0.95 days per month for non-pregnant women (roughly 6.4 times higher). Sick leave increased in later pregnancy. About 31% of pregnant women were on sick leave for at least 10% of their scheduled work time.

[A Paul Wilson @APaulWilson1]

The Polish people returned home during Covid, not just from here but from Ireland in particular too. They had had their savings and work ethic and stayed home to build what is emerging there today, just as the Irish did in the early 90s when emigration turned to repatriation as the celtic tiger took off .

nothing to do with Brexit

[A Paul Wilson @APaulWilson1]

@MarieWeimer5 @SawyerMerritt 90% of IPOs trade below their start price later on. The odds say wait and buy the dip.

[A Paul Wilson @APaulWilson1]

@jax69628 @kingkapoor72 he was there for 60 minutes before the police turned up. in the ‘care’ of the Digwa family. Nobody is reporting the timeline in the MSM

[A Paul Wilson @APaulWilson1]

In the UK in practice the government effectively owns at least 25 % of every trading enterprise. As they are entitled to take 25% of the profit directly as corp tax and between 10.75 and 39.35% of the rest of the profit from tax payers plus 24% CGT on disposal. All for zero risk.

Not to mention Vat at 20%, Employers NI at 15%. The government already gets it beak wet.

[A Paul Wilson @APaulWilson1]

With the collapse of Income tax revenues with AI an alternative could be a notional revenue tax on all assets. This would encourage the active exploitation of all assets to be productive, discouraging underuse and hoarding. Of course if you want to underuse an asset or keep it for your own occasional enjoyment then whilst you may choose to forego the revenue the state still collects.

This approach would incentivise the maximised use of assets, discourage hoarding and waste, increase the availability of assets to new managers and investors and fund an income for everyone whilst also allowing the owners of capital to build their wealth.

Not a wealth tax as much as a tax on unproductive assets.

[A Paul Wilson @APaulWilson1]

@RockChartrand it requires all the components to work. However as we move in to a post industrial AI robotised world tax and income to facilitate living are going to have to shift from expenditure to capital

[A Paul Wilson @APaulWilson1]

@michaelrwolfe @LegalYookay removes reasonable doubt

[A Paul Wilson @APaulWilson1]

@JordiLlatzer it is being delivered late in 2026 so there only needs to be a few weeks worth of orders for the wait list to extend into 2027

[A Paul Wilson @APaulWilson1]

@Dr_Singularity @elonmusk I don’t think so. Jobs and livelihoods are disappearing. And with them disposable income. Abundance for the wealthy. they will live in the penthouses. Everyone else will live in the slums below

[A Paul Wilson @APaulWilson1]

@Joanna19997073 free electric on top of your benefits. The case for trying to be self supporting just gets weaker and weaker.

[A Paul Wilson @APaulWilson1]

the issue is deposit and trading up or down. Provided you have enough equity for a deposit and you are trading up you are actually better off. The house you are buying is down by the same percentage so net net after you move your new mortgage will be for a lower amount than if both properties sold at the higher 2019 price.

[A Paul Wilson @APaulWilson1]

Mortgage Mike is right. this is not 1995 with full mortgage interest right off, 80k additional CGT relief on the non PPR relieved gains (joint owners) and the last three years rental treated as PPR as well (till 2014). Almost all of that gone now, just nine months extra PPR. If you have less than 20% equity chances are your mortgage interest and income tax will exceed your gross rent. You will be subsidising the tenant on insurance, maintenance, insurance, letting fees, wear and tear and voids.

And of course the extra 5% stamp duty on your new home.

Only the insane would do it. In tge 90s there were negative equity prisioners. There are many many tax prisoners now.

Some democracy.