Quote:
Originally Posted by entwisi
so someone on 19K takes home 19K, someone who tries a bit harder and earns 22K takes home 13.2K, thats a real incentive you have there Spugs!
in fact with your figures above 19999 you need to get a 14K rise to be any better off. so you would glass ceiling most people at 20K, no incentive to work harder = Disinterested workforce, DW = poor productivity, poor prod = business goes to wall.
Sensationalistic figures like these do more damage than coming up with a workable plan, the fact is if you have 2 children in full time childcare you need to earn ~ 15K to pay for them and that doesn;t even include putting a nappy on their backside or food in their mouth. Where is the incentive for people to work.....
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I dunno, spend a bit of time away and what happens?
I know the tax suggestion was a while back but its criticism shows a lack of knowledge about how the tax system works: with £20k as the tax free allowance,
everyone would pay no tax at all on the first £20k, no matter what they earn. So someone earning £21k would take home £20,600 and so on. There's still an incentive.