Finumus
20.3K posts
Finumus
@Finumus1
'no crying in the casino'. Investor, Speculator, Optimist. Monevator contributor. (Tweets are not investment advice) monevator.com/tag/finumus/
- UK is now so poor that earning £45k ($60k) makes you "rich".Reeves is letting it be known she intends to increase income tax by 2p on anybody making £45,000, which includes teachers with 3 years experience, a mental health nurse with less than 2 years experience, a detective Sgt and long- haul senior steward. They will be £648.50 worse
- No. Pensioners are expected to have saved some money during their 40 years of working. The state pension is a backstop.Replying to @Layo_FHAnd yet pensioners are expected to live on less than £12000 a year.
- "Day One Rights" is just insane. What if you accidentally hire a complete arsehole? You're now not allowed to get rid of them. 🤦Labour are delivering the biggest upgrade to workers’ rights in a generation. ✅Boosting pay ✅Day-one rights ✅Family-friendly working A New Deal for Working People.
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- £2k a year. Don't spend it all at once. 🤣🚨 NEW: Rachel Reeves will use the Budget to impose a £2k-a-year limit on how much salary can go into a pension before paying National Insurance The move will raise £2bn and hit salary sacrifice schemes [@thetimes]
- I just don't get this WASPI thing at all. The government is forever rigging us by changing the rules on stuff, often effectively retrospectively, and we don't expect compensation. (See, e.g. making DC pensions subject to IHT).
- There's literally only ever one problem with a property that won't sell....
- Imagine your economy being so cooked that a 2p rise in income tax only raises £20bn. 🤦As the Chancellor’s black hole deepens almost by the week — from £20bn to £30bn to £40bn+ — it’s hard to see how she can fill without resorting to increasing income tax, thereby breaking yet another manifesto commitment. A 2p rise in all income tax rates would raise an extra
- I love how American this is. UK: interest income taxable, so 4% is really 2.2-2.4% post tax. Mortgage interest is not tax deductible. Our mortgages are (essentially) not fixed rate. Americans have no idea how good they have it.“Mom, how did we get so rich?” “Your dad paid off our 2.625% mortgage when T-bills were yielding 4%. Then he went viral and sold two million courses on financial freedom”
- The whole WASPI issue should be nuked from orbit. It's the only way to be sure.Actually, parking this morning's Streeting stramash for the moment, few things highlight the fact that the government is seriously lacking in internal discipline, as the WASPI story escaping back into the wild to become a live issue yet again
- £100k. That's $130k, less than a part time counter worker in a Buc-ees. "Elite". Britain really needs to take a good hard look at itself.£100k is too much money for one single individual. Personal allowance shouldn’t reduce it should be removed altogether. We need fewer elites being extravagant with their money and more support for hard working families.
- Zero sum mindset is so ingrained in the UK. Normies all think that consuming something deprives someone else of it. The idea that it might induce supply is simply beyond their understanding.
