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Nulab Plan To Thieve Your Savings And Str Funds?

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yeah they weren't kidding when they said that in 97, how i wish i'd listened

I couldn't believe just how many people were taken in by them :(.

Anyway, back on topic. My wife and I have decided, that if this comes to fruition, we will give all our money, equally, to our children and ask them to make out standing orders to us for income and to buy anything that we need for us as and when we require it.

Up yours Nu Labour.

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And what, by way of contrast, do Camermoron and the Tories propose? Putting old people out in the cold to die is not a vote winner. This is a 'no pockets on a shroud' issue. You can't take it with you and your care has to be paid for. Might as well stump up.

You may have hit on something here. A cynic might wonder whether the policy is aimed at getting people to spend all their savings on Range Rover Sports and the bigest TV they can get into their poxy houses so that there is nothing left to tax and the next generation are wage slaves with no inheritance to pay off their health care or tuition fees (not an unintentional mistake about healthcare debts- it seems inevitable to me).

"Spend it or lose it" should be Nulabours new election slogan

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Guest DissipatedYouthIsValuable

When Dame Janet Smith hands me a statute allowing me to embark on a final solution for the elderly, that'll be the day I visit all the local nursing homes with a flaming Samurai sword.

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I couldn't believe just how many people were taken in by them :(.

Anyway, back on topic. My wife and I have decided, that if this comes to fruition, we will give all our money, equally, to our children and ask them to make out standing orders to us for income and to buy anything that we need for us as and when we require it.

Up yours Nu Labour.

Do you trust your children (or more to the point do you trust their spouses)?

This is the problem. Once they marry or take up residence with a gay friend (if they are that way inclined) the money belongs to them too.

Thats why I think buying concealable assets like bullion over time has a role. You retain control and make sure HMG doesnt get a look in when you finally shuffle off.

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Do you trust your children (or more to the point do you trust their spouses)?

This is the problem. Once they marry or take up residence with a gay friend (if they are that way inclined) the money belongs to them too.

Thats why I think buying concealable assets like bullion over time has a role. You retain control and make sure HMG doesnt get a look in when you finally shuffle off.

Yes, we trust our children 100%, they have seen what can happen in families. But, your point about spouses needs looking into, thanks for the heads up.

The problem with bullion is concealing it, we don't have a garden to bury it in and safety deposit boxes don't seem such a good idea these days.

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Yes, we trust our children 100%, they have seen what can happen in families. But, your point about spouses needs looking into, thanks for the heads up.

The problem with bullion is concealing it, we don't have a garden to bury it in and safety deposit boxes don't seem such a good idea these days.

Concealing the bullion and leaving a paper trail are big problems.

£20k of sovereigns is about the size of a tube of Smarties and could be put under floorboards but if you leave a paper trail both the government and unofficial thieves could come after you and demand the money with menaces so this is more of a problem IMO. Buying on ebay certainly leaves an easy trail for both.

Safe deposit boxes are out. The government can (and has) broken into these using anti-terrorism or drugs legislation and confiscates the contents unless you can show a receipt for the contents and show how the money was earned. I presume it would not take much for the government to confiscate the contents unless you can prove the gold was not intended for some illegal act in the future (which, of course, it is and you can't).

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Obviously they will refund you what you've paid towards your care in old age. They can't possibly be thinking of taxing you twice for the same thing.

A recent legal case vs Worcester PCT established that the NHS is liable for all medical and personal care costs in a demented patient and we already pay for the NHS through income tax.

How will you celebrate the refund which will inevitably be heading your way?

Are there any plans for the Government to appeal this?

Fair dinkum a lot of us have paid mega bucks into the system our whole working lives why should we be caned twice? Particularly when the Eastern European who has been here 2 or 3 years will not have contributed and will not have the £20k lump sum to pay in.

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I'm on the fence with this one - I'm unlikely to have enough when I retire to worry, but an observation...

I've always found it odd that the people complaining about having to provide their own care when old are the very same people who complain that they have to provide housing to the unemployed, education for other peoples children etc. You can't have it both ways. How can you expect to live in a society where wherever possible people should be self sufficient (which I agree with, before people accuse me of reading the Guardian) yet then expect everyone else to pay for your care when elderly?

I would hate to learn that my old age care was being paid for by young people struggling to get by themselves. I also hope that it will be legally possible to 'check out' before you become a dependant vegetable with no quality of life by the time I reach that age.

Edited by impatient_mug

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I also hope that it will be legally possible to 'check out' before you become a dependant vegetable with no quality of life by the time I reach that age.

I won't be bothered about whether or not it's legal.

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I'm on the fence with this one - I'm unlikely to have enough when I retire to worry, but an observation...

I've always found it odd that the people complaining about having to provide their own care when old are the very same people who complain that they have to provide housing to the unemployed, education for other peoples children etc. You can't have it both ways. How can you expect to live in a society where wherever possible people should be self sufficient (which I agree with, before people accuse me of reading the Guardian) yet then expect everyone else to pay for your care when elderly?

I would hate to learn that my old age care was being paid for by young people struggling to get by themselves. I also hope that it will be legally possible to 'check out' before you become a dependant vegetable with no quality of life by the time I reach that age.

So what you are saying is that someone who has worked and saved all their lives and contributed more to society than they have ever taken should not expect society to care for them when they eventually cease being able to contribute. Furthermore any assets they have managed to save should be taken off them and given to people who may have never contributed anything to society rather than disposed of in the way the owner of the assets sees fit.

I hope not many agree with you as I would rather burn my home down than have to sell it to pay more taxes when I eventually retire.

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I don't think it was sensational enough.

This proposal is nothing short of theft, especialy so in the case of those of us who have no intention whatsoever of being a burden on others in our old age and fully intend to make our own way to Digitas when the time comes.

Nu Labour, new danger.

Let's hope none of us gets Alzheimer's, then.

Because by the time anyone realizes you've got it (let alone yourself, because you never do) you're way past thinking about Dignitas or those pills you stashed away because you had no intention of ever being a burden.

I've just been to visit my 91 year old mother, who told me for the 2nd time in 2 weeks that she'd like to go back and live with her parents, because her mother's getting on and could probably do with some help. :(

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So what you are saying is that someone who has worked and saved all their lives and contributed more to society than they have ever taken should not expect society to care for them when they eventually cease being able to contribute. Furthermore any assets they have managed to save should be taken off them and given to people who may have never contributed anything to society rather than disposed of in the way the owner of the assets sees fit.

I hope not many agree with you as I would rather burn my home down than have to sell it to pay more taxes when I eventually retire.

Doc, you've made your living from the sweat of taxpayers ans still you want it all. You're a true socialist aren't you.

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The utter, utter, sh1ts. Yet another disincentive to save and an incentive to splurge your wad on tat, cars and holidays. These feckless c***s really know no bounds when it comes to shafting the general population.

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The NHS should be very basic and run very leanly.

Dentistry should be purely private, no state dentists but to combat overpriced dentists the government should simply increase university places for doctors and dentists considerably. Lots of kids with AAA don’t get in, anyone with BBB or above should be offered a place. Plenty of dentists would mean cheap dentistry work.

Also good education in this would save lots of hassle.

GPs should also have the right to end lives as they basically did in the past, no need extending our lives by 5 years if we are in dippers and don’t know what day it is.

Benefits should be very harsh in that your out every day looking for work.

There should be no state pension for anyone with net assets exceeding £10k.

For anyone with assets less than that, the state pension should be just enough to get by (let them take lodgers in if they want more than that, most places in the uk you can rent a room out for £5000 pa or more inc bills, and the bills will cost you little more with 1 more person in the house).

We should not be fighting any wars unless the country is a real threat and the Taliban with donkeys are no real threat. How many people die smoking or driving vs “terrorism�

University should be full fee paid for everyone. However all universities should be required to let anyone who wishes sit their exams and gain their degree for a reasonable fee. Say £1000 per year. So you’re your cleaver you can study yourself or in groups and get yourself a degree from oxford for £3k. if not go through the traditional route and pay £20k a year.

Lots of things could be done to make the country fairer.

Taxing jim to give to john isnt one of them

Logged in just to say excellent post and I agree with everything you say. I like the ideas about dentistry and doctors. So many people capable of doing medicine just dont get a chance. This oxford for 3k thing would unfortunately not work for the majority of degrees (in their present form) due to all the coursework and practical based exams (eg lab work for science sybjects)

Dentistry and medicine is purposely a closed shop, and is a typical example of artificial scarcity in order to elevate prices.

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So what you are saying is that someone who has worked and saved all their lives and contributed more to society than they have ever taken should not expect society to care for them when they eventually cease being able to contribute. Furthermore any assets they have managed to save should be taken off them and given to people who may have never contributed anything to society rather than disposed of in the way the owner of the assets sees fit.

I hope not many agree with you as I would rather burn my home down than have to sell it to pay more taxes when I eventually retire.

Can you please point out where in my post I implied that? I don't think I gave an opinion either way, but since you've made up an opinion for me I may as well state my position.

I think that people should pay for themselves throughout their entire lives wherever possible. Benefits should be reduced to become a temporary safety net with tough strings attached unless there is a very good reason you are unable to contribute. This extends to when you are old. Pay for your own damned care.

The current system is wrong - many spend their entire lives paying for everyone else and themselves and yet receive little help later on.

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Let's hope none of us gets Alzheimer's, then.

Because by the time anyone realizes you've got it (let alone yourself, because you never do) you're way past thinking about Dignitas or those pills you stashed away because you had no intention of ever being a burden.

I've just been to visit my 91 year old mother, who told me for the 2nd time in 2 weeks that she'd like to go back and live with her parents, because her mother's getting on and could probably do with some help. :(

We have family experience of Alzheimer's, so you have my sympathy. If either my wife or I are unfortunate enough to suffer from Alzheimer's, the one not affected will make the sufferer aware of any early symptoms, hopefully in good time for informed decisions to be made.

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Income, inheritance and capital gains taxes are not sufficient to pay for the mess Nulab created so a wealth tax is the next logical step.

Rather than invest in a house the logical answer is to hide your wealth from the state and hand it over to the next generation if you don't need it yourself. Physical gold is my choice. Or else retire abroad and take yor savings with you

I agree. Gold and retire abroad is the best way forward.

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Doc, you've made your living from the sweat of taxpayers ans still you want it all. You're a true socialist aren't you.

You really are an unpleasant sort.

Yes I am partially employed by the State because this is the system here. When I worked in the US I was not employed by the State and earned more.

As to the sweat of taxpayers, I pay more tax than 95% of the population and I am still at work now and will be at work again tomorrow and Sunday.

Not all people in the public sector are drags on the economy. In the same way as not all Estate agents, property speculators and bankers (none of whom were until recently employed by the State) are great producers of wealth and public benefit.

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Logged in just to say excellent post and I agree with everything you say. I like the ideas about dentistry and doctors. So many people capable of doing medicine just dont get a chance. This oxford for 3k thing would unfortunately not work for the majority of degrees (in their present form) due to all the coursework and practical based exams (eg lab work for science sybjects)

Dentistry and medicine is purposely a closed shop, and is a typical example of artificial scarcity in order to elevate prices.

Jez you are dumb!

The government controls the number of doctors, the number of jobs and the wages of doctors.

Why would the government want to drive up doctors wages?

The reason doctors wages are relatively high is that not every fecking idiot is capable of doing the job and the ones that can, can work where it suits them. It's called a free market. You may have heard of it.

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Jez you are dumb!

The government controls the number of doctors, the number of jobs and the wages of doctors.

Why would the government want to drive up doctors wages?

The reason doctors wages are relatively high is that not every fecking idiot is capable of doing the job and the ones that can, can work where it suits them. It's called a free market. You may have heard of it.

Dr Ray, stop defending doctors, just like I have stopped defending dentists. Outsiders do not know, what it takes to be one, they can f*** o**. This attitude is typical of have nots, who want it all, who never had the interest or graft to work hard when they were young to do well academically.

I am glad I am doing well, actually very well. I know I should not gloat, I dont in general, but there are some crazy fckrs out there who are very very jealous.

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Guest happy?

You could save yourself a small fortune, a lot of stress and anxiety, and us the trauma of reading your whinging posts by simply shooting yourself now.

The truth is that far from New Labour stealing your money they're advocating a system of sliding scales for people to manage their own care in old age.

I can't help thinking that the system previously transferred costs to the general taxpayer whilst the individual transferred the saved wealth onto the next generation of their immediately family - neither fair nor proportionate - and something which led to house price inflation for everyone else.

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You could save yourself a small fortune, a lot of stress and anxiety, and us the trauma of reading your whinging posts by simply shooting yourself now.

The truth is that far from New Labour stealing your money they're advocating a system of sliding scales for people to manage their own care in old age.

I can't help thinking that the system previously transferred costs to the general taxpayer whilst the individual transferred the saved wealth onto the next generation of their immediately family - neither fair nor proportionate - and something which led to house price inflation for everyone else.

Why can't the government just keep their nose out? I can make my own provision for care should I need it. If I don't need it that's more money in my pocket.

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