R K Posted December 26, 2012 Share Posted December 26, 2012 http://www.dailymail.co.uk/news/article-2253199/Middle-class-care-fiasco-PM-backed-35-000-cap-fees--elderly-face-paying-double.html Middle-class couples who need residential care in old age could be hit with bills as high as £150,000.Under Coalition plans to be unveiled in the New Year, the upper limit on the amount that must be contributed towards care could be £60,000 or even £75,000 per person. This ‘cap’ is much higher than the £35,000 suggested by last year’s independent review into England’s care funding system. If both husband and wife end up moving into residential care, it could mean they will have to pay out up to £150,000 before the state steps in. In addition, they will still have to meet accommodation costs – the ‘bed and board’ charge for care home stays. This could push the total outlay to almost £200,000. * The biggest theft of land/assets since the Enclosure Act of 1801 * Currently only a thin tail of the distribution is confiscated * Cameron/Osborne to confiscate EVERY HOME IN ENGLAND (on average per couple) * £150,000 (per couple) is the average price of every home * They're confiscating right up to the middle of the ownership distribution curve * Confiscation will effectively mean everyone outside of London/South east will pay 100% tax on their assets * This doesn't even include RENTS which push it further up the distribution curve * The only people with assets remaining after this THEFT will be in the South East and pockets elsewhere * The most REGRESSIVE tax in the history of England * Completely changes the balance to owning your own home - It's no longer rational * Nick liar Clegg and the Milibands will of course roll over and support this theft * Tories oppose mansion tax for the rich but 100% confiscation for everyone else (on average) I would urge young people to leave the country for one of the English speaking colonies, preferably after their housing bubbles have burst (Canada or the US being the obvious examples) Tories have given us:- * Endowment scam for their City chums * Personal pension scam for their city chums * Deregulate the banks to enable the bonus scam for their city chums * The PPI scam for their city chums and now the most brazen and biggest scam of all:- Confiscate all property to hand over to their City insurance firms. You have been warned. Quote Link to comment Share on other sites More sharing options...
doomed Posted December 26, 2012 Share Posted December 26, 2012 Who do you think should pay for your old age care instead of yourself? Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted December 26, 2012 Share Posted December 26, 2012 This confiscation of assets is a way to ensure that younger people have to stay in debt because it takes away the inheritance that they could have used to clear their debts. Makes them work longer (pay more tax) and pay more interest (to banks). Longer and longer term mortgages and retirement age a carrot on an extending stick. Quote Link to comment Share on other sites More sharing options...
Mr. Miyagi Posted December 26, 2012 Share Posted December 26, 2012 Who do you think should pay for your old age care instead of yourself? The point being is that you have paid it's called tax. Quote Link to comment Share on other sites More sharing options...
erranta Posted December 26, 2012 Share Posted December 26, 2012 (edited) http://www.dailymail...ing-double.html * The biggest theft of land/assets since the Enclosure Act of 1801 * Currently only a thin tail of the distribution is confiscated * Cameron/Osborne to confiscate EVERY HOME IN ENGLAND (on average per couple) * £150,000 (per couple) is the average price of every home * They're confiscating right up to the middle of the ownership distribution curve * Confiscation will effectively mean everyone outside of London/South east will pay 100% tax on their assets * This doesn't even include RENTS which push it further up the distribution curve * The only people with assets remaining after this THEFT will be in the South East and pockets elsewhere * The most REGRESSIVE tax in the history of England * Completely changes the balance to owning your own home - It's no longer rational * Nick liar Clegg and the Milibands will of course roll over and support this theft * Tories oppose mansion tax for the rich but 100% confiscation for everyone else (on average) I would urge young people to leave the country for one of the English speaking colonies, preferably after their housing bubbles have burst (Canada or the US being the obvious examples) Tories have given us:- * Endowment scam for their City chums * Personal pension scam for their city chums * Deregulate the banks to enable the bonus scam for their city chums * The PPI scam for their city chums and now the most brazen and biggest scam of all:- Confiscate all property to hand over to their City insurance firms. You have been warned. The sickest part of it is they carry this stuff out (as in USA) except we have far higher taxes. Just like making students at Uni pay ever increasing charges - whilst trying to live in "RIP-OFF" Britain Just wait till they privatise the NHS. Hundreds of Lords 'n ladys are working up a lather thinking about decimating ordinary peoples lives with rip-off medical insurance that doesn't pay out when needed and claims all your personal wealth/house when you fall ill. Only the top 10% benefit from privatised medicals - which is why they are going all-out to wreck the NHS with their 5th column 'Mis- Management' layers. 60 Million can't even pay for Medical insurance charges in the US - Thats what these rich bastards are trying to force on the UK whilst they continue siphoning the UK's wealth off-shore. Edited December 26, 2012 by erranta Quote Link to comment Share on other sites More sharing options...
Authoritarian Posted December 26, 2012 Share Posted December 26, 2012 Middle class couples have probably enjoyed £150K's worth of house price inflation over their lifetime. They can afford it. Quote Link to comment Share on other sites More sharing options...
doomed Posted December 26, 2012 Share Posted December 26, 2012 The point being is that you have paid it's called tax. I think you will find that money has already been spent. We actually are spending far more than we take in if you had not noticed. People need to learn to support themselves instead of being babied by the state. The sense of entitlement a decade under labour can produce is amazing. Hopefully at some point preferably sooner rather than later the state fails and everyone can keep thier house and sort out thier own old age care. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted December 26, 2012 Share Posted December 26, 2012 The poor to be left penniless, they are also guessing house prices will remain stable and high! This is flawed if house prices come down it drags more people into having the assets confiscated. However if people know this is going to happen they may transfer the assets from their names or take loans out against the property to stop it being an asset. The game is on and the people will revolt and play the game so the state gets nothing. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted December 26, 2012 Share Posted December 26, 2012 Middle class couples have probably enjoyed £150K's worth of house price inflation over their lifetime. They can afford it. Providing prices don't correct. Quote Link to comment Share on other sites More sharing options...
erranta Posted December 26, 2012 Share Posted December 26, 2012 I think you will find that money has already been spent. We actually are spending far more than we take in if you had not noticed. People need to learn to support themselves instead of being babied by the state. The sense of entitlement a decade under labour can produce is amazing. Hopefully at some point preferably sooner rather than later the state fails and everyone can keep thier house and sort out thier own old age care. Watch wot u are spouting son "Babied by the STATE" BANKERS, THE CITY, HOUSING BIG BUSINESS, HUGE PFi SCAMS, troughing Think Tanks on multi Billions per annum etc etc Some people on here - are just so ignorant Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted December 26, 2012 Share Posted December 26, 2012 But the cash has been squandered ... there is no money left. eg where we used to live there is a brand new health centre that cost £40m IIRC, the old one seemed perfectly fine and has now been empty for two years. Besides it is perfectly acceptable to steal from the plebs so the 1% can keep their wealth and the great thing is when you steal from old people they are too weak to fight back. Squandered? Not quite the word I would use. British taxpayers face a total bill of more than £300 billion for projects funded using the controversial private finance initiative. There are 717 PFI schemes currently under way to build new hospitals, schools, roads and other public facilities with a combined capital value of £54.7 billion. However, the final cost of paying off all these projects will reach £301.3 billion over the coming decades, the Guardian reported. This figure includes fees for running costs such as maintenance and cleaning, but critics say it would have been cheaper for the Government to have borrowed the money directly to fund the schemes. Last month South London Healthcare, which is struggling with large PFI debts, became the country’s first NHS Trust to be put under the control of a special administrator tasked with securing its finances. A further 20 NHS trusts, responsible for more than 60 hospitals, are facing serious financial difficulties which could ultimately see them in the same situation. http://www.telegraph.co.uk/news/politics/9380539/PFI-projects-set-to-cost-tax-payers-over-300-billion.html £247bn is a lot of old age care. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted December 26, 2012 Share Posted December 26, 2012 (edited) http://www.dailymail...ing-double.html * The biggest theft of land/assets since the Enclosure Act of 1801 * Currently only a thin tail of the distribution is confiscated * Cameron/Osborne to confiscate EVERY HOME IN ENGLAND (on average per couple) * £150,000 (per couple) is the average price of every home * They're confiscating right up to the middle of the ownership distribution curve * Confiscation will effectively mean everyone outside of London/South east will pay 100% tax on their assets * This doesn't even include RENTS which push it further up the distribution curve * The only people with assets remaining after this THEFT will be in the South East and pockets elsewhere * The most REGRESSIVE tax in the history of England * Completely changes the balance to owning your own home - It's no longer rational * Nick liar Clegg and the Milibands will of course roll over and support this theft * Tories oppose mansion tax for the rich but 100% confiscation for everyone else (on average) I would urge young people to leave the country for one of the English speaking colonies, preferably after their housing bubbles have burst (Canada or the US being the obvious examples) Tories have given us:- * Endowment scam for their City chums * Personal pension scam for their city chums * Deregulate the banks to enable the bonus scam for their city chums * The PPI scam for their city chums and now the most brazen and biggest scam of all:- Confiscate all property to hand over to their City insurance firms. You have been warned. As I read it they are not "confiscating" anything, they are saying people with the means will have to contribute to their own care costs? In some (many?) cases this will involve the sale of a house? So what, it is up to people to see this coming and plan accordingly, there will be many loopholes as usual, plenty scope to sell well before care is needed, give it to a child etc etc Good luck raising 150k on the average UK ex-council hovel nowadays anyway one way or another the state will still pay for most people, the level of care will just slip further, that`s all. Edited December 26, 2012 by dances with sheeple Quote Link to comment Share on other sites More sharing options...
Authoritarian Posted December 26, 2012 Share Posted December 26, 2012 Providing prices don't correct. The whole system is designed to funnel large amounts of unearned wealth into the pockets of idle homeowners, so excuse me if I don't shed a tear when the tables are turned for once. We live in a high cost economy because of the unrealistic expectations of homeowners, so they can hardly complain when these costs eventually feed back through to them! Quote Link to comment Share on other sites More sharing options...
doomed Posted December 26, 2012 Share Posted December 26, 2012 Watch wot u are spouting son "Babied by the STATE" BANKERS, THE CITY, HOUSING BIG BUSINESS, HUGE PFi SCAMS, troughing Think Tanks on multi Billions per annum etc etc Some people on here - are just so ignorant It is the fact that people have allowed the state to get this big, by voting for whoever will give them the most free stuff, that allows such theft to take place. When people are voting to steal peoples money do you not think the state is going to help its self as well. Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted December 26, 2012 Share Posted December 26, 2012 Who do you think should pay for your old age care instead of yourself? He thinks the young should pay for it, through huge tax rises. Or maybe if we get some magic beans we can grow a beanstalk? Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted December 26, 2012 Share Posted December 26, 2012 Also who sells the house? The Govt or the relatives? Will a married couple one who needs care and the other doesn't be forced to sell? Also if the price doesn't meet the expected value will people have to pick up the shortfall? Your house is worth £85k but only sells for £69k will you have to find the extra £6k you've been charged? Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted December 26, 2012 Share Posted December 26, 2012 Also who sells the house? The Govt or the relatives? Will a married couple one who needs care and the other doesn't be forced to sell? Also if the price doesn't meet the expected value will people have to pick up the shortfall? Your house is worth £85k but only sells for £69k will you have to find the extra £6k you've been charged? Who the ****** is going to buy it? Quote Link to comment Share on other sites More sharing options...
erranta Posted December 26, 2012 Share Posted December 26, 2012 The whole system is designed to funnel large amounts of unearned wealth into the pockets of idle homeowners, so excuse me if I don't shed a tear when the tables are turned for once. We live in a high cost economy because of the unrealistic expectations of homeowners, so they can hardly complain when these costs eventually feed back through to them! Yep The very people they need to keep London afloat ie do all the menial jobs (such as cleaners - oh offices and hospitals get closed down without cleaners - do they?) They are shunting out further and further from the city. Entirely due to lunatic, Bent Govt b'stard ministers sponsoring high house prices with Billions of taxpayer cash - to keep their fekking bent, bust,banks afloat at ANY COST Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted December 26, 2012 Share Posted December 26, 2012 http://www.dailymail.co.uk/news/article-2253199/Middle-class-care-fiasco-PM-backed-35-000-cap-fees--elderly-face-paying-double.html * The biggest theft of land/assets since the Enclosure Act of 1801 * Currently only a thin tail of the distribution is confiscated I've had to correct you on this before, but as of today - in England and Wales - there is no upper limit on the value of care costs that can be reclaimed from your assets. Once you have been in a care home for 12 weeks, your home will included in the calculation of your assets (which will also include savings, pension income, etc). Provision is made for a partner who is not in residential care - so they are allowed to remain in the home and there will be no forced sale while they need to live there. Who exactly did you expect to pay the £25K a year fees? The average person's lifetime net tax contributions won't cover it. Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted December 26, 2012 Share Posted December 26, 2012 Also who sells the house? The Govt or the relatives? I think right now, you are billed for the care fees. If you can meet that bill from savings, pension income, or even rental income from your house, then that's it. If you can't, then the onus is on you (or your family) to arrange for the house to be sold. If you don't do this, you will effectively be pursued through the courts for the fees, then the house will become part of bankruptcy proceedings if you are unable to pay the fees via other means. Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted December 26, 2012 Share Posted December 26, 2012 Who the ****** is going to buy it? An HPCer looking for a cheap house? Or is this somehow different to buying a repossession? Quote Link to comment Share on other sites More sharing options...
Ruffneck Posted December 26, 2012 Share Posted December 26, 2012 (edited) Interesting, i expect they are trying to cut off the one lifeline the young have - inheritance.Get rid of that and the young will be poor debt slaves forever, just where the liblabcons want 'em! Edited December 26, 2012 by Ruffneck Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted December 26, 2012 Share Posted December 26, 2012 (edited) Who the ****** is going to buy it? Equity release companies are getting a lot of puff pieces in the press in recent months. How to(attempt to) keep a bubble alive with no new buyers, feed the snake's tail back into its mouth. Edited December 26, 2012 by cheeznbreed Quote Link to comment Share on other sites More sharing options...
GinAndPlatonic Posted December 26, 2012 Share Posted December 26, 2012 The poor to be left penniless, they are also guessing house prices will remain stable and high! This is flawed if house prices come down it drags more people into having the assets confiscated. However if people know this is going to happen they may transfer the assets from their names or take loans out against the property to stop it being an asset. The game is on and the people will revolt and play the game so the state gets nothing. MEW up to the hilt.... Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted December 26, 2012 Share Posted December 26, 2012 Interesting, i expect they are trying to cut off the one lifeline the young have - inheritance.Get rid of that and the young will be poor debt slaves forever, just where the liblabcons want 'em! If house prices were affordable, they wouldn't need inheritance. Also - if the elderly had trusted their kids and signed the house over to them, or perhaps sold at a say, 50% discount - there would have been no inheritance tax to pay. I am seeing this all around me know - in my family life and in my work life - people getting old who appear to be "surprised" by the whole thing. At the personal level these people have done no research and made no plans for the inevitable. At the country level, we have done almost nothing to plan for the demographic time bomb that has been ticking for decades. Now everyone gets to reap the rewards of no planning and poor provision. The one thing the young have on their side is time. When you only have 15-20 years left to live, your lack of planning becomes very, very expensive in all sorts of ways. Quote Link to comment Share on other sites More sharing options...
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