@channelSLAP@BillionMagazine A large number of people would stop pushing as hard or take fewer risks once they hit the $10 million cap. As a result, millions of jobs would be at risk and economic growth would grind to a halt. It's simply impossible for that to work.
I think we might be talking past each other slightly.
My point wasn't that housing benefit doesn't often end up with landlords (you're right that a lot of it does). It was simpler than that:
Normal working people have to cover their full rent or mortgage, plus council tax, bills, food, transport etc. entirely from their after-tax earnings. If they lose their job or hours, those housing costs don't magically disappear. They still have to find the money or risk eviction.
For many on long-term benefits (especially with 3+ kids in higher-rent areas), the housing element of Universal Credit (or Housing Benefit) covers the rent directly or as a top-up. That removes one of the biggest financial pressures that working households face every month. So their 'income' doesn't have to stretch as far in the same way ours does.
That's why comparisons like the original post matter - it's not about the cash going to 'them' vs 'us', but about whether the system makes working clearly better off once all real costs are accounted for. Right now, for some family sizes and locations, the gap can feel very small or even negative after work costs and benefit withdrawal.
Happy to be corrected with specific numbers if I'm off, but that's just how it feels from my perspective.
@loladze@cafreiman Call me crazy, but as an employee Iโve never felt that I deserve or am entitled to a companyโs shareholder profits. At the end of the day, a business isnโt going to cut its profits to that extent just to make its lowest-level employees a few hundred dollars better off each month.
@mentalist1708@redrumlisa Correct. Replacement cost pricing is real, but it cuts both ways. Prices rise quickly when wholesale rises, but stations can also be stuck selling higher-cost fuel if the market drops.
@Lesley_kr@Tesco Petrol prices are usually set based on the on the replacement cost, not what the fuel in the tank was originally bought for. Otherwise stations could end up selling at a loss if the market price increased. It's fair to be annoyed with though. I can empathise with that.
@gregogallagher I recall you mentioning you were an early investor in Kraken. Would you ever be open to discussing more about that? A few years ago you posted some stock positions on insta and found that quite insightful.
@MartinSLewis Was due to fly back from Malรฉ early hours this am. Through Dubai to Heathrow. Iโm sat patiently waiting but Iโve had 0 info from agent or airline. Being a type 1 diabetic makes this very stressful.
@Toomas01@emirates Have you managed to get out of Malรฉ yet? Iโm booked to fly out tomorrow morning but that was going to Dubaiโฆ have received 0 information on what to do.