Funds Insider - Opening the door to funds

Welcome to the Citywire Funds Insider Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!

Notification

Icon
Error

Universal Basic Income
Robert D
Posted: 31 July 2022 21:55:25(UTC)
#21

Joined: 06/11/2016(UTC)
Posts: 1,489

Thanks: 396 times
Was thanked: 1866 time(s) in 849 post(s)
bédé;232693 wrote:
We all have a little learning regarding humnan nature. Some of is hard-wired, some nurture, some just pure prejudice.

The nearest thing to a UBI is a public sector salary/pension. Look how many slackers and time-servers there are there.


Yeah, you're right. With regards to public sector workers pure prejudice.
1 user thanked Robert D for this post.
Easyrider on 01/08/2022(UTC)
andy mac
Posted: 01 August 2022 06:18:12(UTC)
#16

Joined: 12/02/2016(UTC)
Posts: 1,264

Thanks: 1052 times
Was thanked: 1299 time(s) in 633 post(s)
Easyrider;232752 wrote:
Bulldog Drummond;232749 wrote:
Tim D;232748 wrote:
Bulldog Drummond;232690 wrote:
Money for nothin' and your chicks for free


The rate the Tory leadership candidates are spewing new policies, it can't be too long until one of them announces "and we'll beat food price inflation by issuing every household with a free egg-laying chicken!".

One of the French kings, a few hundred years ago, had a slogan of "A chicken in every pot". Until surprisingly recently, chicken was usually the most expensive thing on a menu.

A problem I have with all exciting new policies is that the last time one of them was actually to my advantage was decades ago, when Lawson reduced the top rate from 60% to 40%. Every other policy in my lifetime has just been a means of extracting money from me to pass on to people and things about whom and which i care nothing.


>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Thanks Bulldog. I've benefited enormously from your largesse. .
1) Free orange juice and halibut oil capsules in the 1940s.
2) Maximum university grant.
3) 32 shillings and sixpence playing soldiers in the University OTC which paid for 7 drambuies.
4) Two minor operations on the NHS.
5) Generous post-graduate grant paid for by Government.
6) Winter fuel allowance used to buy 10 bottles of malt.
7) Free perscriptions once I reached 65.
8) Full New State Pension.
9) Free eye tests.
10) Recently put on a Microsoft teams pre-pre-diabetes programme and given ECG and blood pressure test. Aff "free" at the point of delivery.

I'm sure I must have enjoyed additional measures which Bulldog has funded but can't think of them offhand.
Oh! I forgot. I don't know if you have children, Bulldog, but I have two and you possibly contributed to their child benefit.
You should be proud Bulldog, being so public spirited.


Can I just fact check that
If you were getting free juice and tabletsin the 40s you must be at least 72 and probably a bit older
If you are that age then you will not be get a full new state pension
You will get the full pension I agree but it is not the new state pension
Also you have been getting free prescriptions since age 60
but why let the facts get in the way of a good story
Are you a politician by any chance
2 users thanked andy mac for this post.
Fife Clive on 01/08/2022(UTC), Easyrider on 01/08/2022(UTC)
Keith Cobby
Posted: 01 August 2022 06:58:58(UTC)
#34

Joined: 07/03/2012(UTC)
Posts: 5,064

Thanks: 5968 times
Was thanked: 12450 time(s) in 3858 post(s)
I think it's a complete non runner. It would have to be set at or above the current flat rate pension which is considered unaffordable into the future. Would it be used to replace UC, pension credit and other benefits. Housing benefit would presumably still exist. Would it be banded by age. It would hugely demotivate working, particularly in low skilled jobs where there are currently many vacancies. Would it be taxable.
3 users thanked Keith Cobby for this post.
Captain Slugwash on 01/08/2022(UTC), stephen_s on 01/08/2022(UTC), Easyrider on 01/08/2022(UTC)
Captain Slugwash
Posted: 01 August 2022 08:01:56(UTC)
#35

Joined: 19/07/2017(UTC)
Posts: 466

Thanks: 3438 times
Was thanked: 1008 time(s) in 361 post(s)
Keith Cobby;232775 wrote:
I think it's a complete non runner. It would have to be set at or above the current flat rate pension which is considered unaffordable into the future. Would it be used to replace UC, pension credit and other benefits. Housing benefit would presumably still exist. Would it be banded by age. It would hugely demotivate working, particularly in low skilled jobs where there are currently many vacancies. Would it be taxable.


What an intelligent, thoughtful voter would consider a 'non-runner' is probably a certainty in Government/Civil service circles Keith.
Popular with the low IQ voter, popular with the State as there will be added advantages for controlling the populace with carrot/stick techniques.
Popular with the Unions and Civil Service who will create a nice new empire for personal advancement through the distribution network.
1 user thanked Captain Slugwash for this post.
stephen_s on 01/08/2022(UTC)
bédé
Posted: 01 August 2022 08:04:05(UTC)
#26

Joined: 26/09/2018(UTC)
Posts: 7,895

Tim D;232717 wrote:
In the modern age, social media, "celeb culture" and "reality TV" seems to be satisfying the "circuses" part nicely.

Don't forget sport.

Orson Welles: “There are three intolerable things in life - cold coffee, lukewarm champagne, and overexcited women”


bédé
Posted: 01 August 2022 08:05:49(UTC)
#29

Joined: 26/09/2018(UTC)
Posts: 7,895

Bulldog Drummond;232718 wrote:
It is almost incredible, but apparently the average person in the UK spends a quarter of their waking life watching TV.

Not me. I do a lot of my sleeping there.
bédé
Posted: 01 August 2022 08:10:42(UTC)
#8

Joined: 26/09/2018(UTC)
Posts: 7,895

Bulldog Drummond;232749 wrote:
One of the French kings, a few hundred years ago, had a slogan of "A chicken in every pot".

Or was it his wife? "Qu'ils mange de la brioche."
bédé
Posted: 01 August 2022 08:17:16(UTC)
#10

Joined: 26/09/2018(UTC)
Posts: 7,895

Easyrider;232752 wrote:
2) Maximum university grant.
5) Generous post-graduate grant paid for by Government.

2. Bulldog had a college scholarship. (I believe) that was probably deducted from his other sources.
5. What do Arts post-graduate students actually do? Put the "re-" into Research?
Easyrider
Posted: 01 August 2022 08:36:22(UTC)
#19

Joined: 09/11/2020(UTC)
Posts: 1,951

Bulldog Drummond;232759 wrote:
Easyrider;232752 wrote:

You should be proud Bulldog, being so public spirited.

Did you also have free school milk? This being revolting in the summer we used to squirt it at each other or jump bomb it. Most was just thrown away. A fine use of public funds.

I enjoy chatting to you but I cannot say that it would be of any concern to me if none of my money had ever been diverted to you or your family. Sorry to sound harsh.


................................................................................................................................................................
I recall the "free" one third milk bottles delivered to schools. "Thatcher milk-snatcher".
In Winter when the milk in the bottle froze we used to smash the bottles and have milk lollipops. Some boys had several.
Probably one of the reasons why my generation is the fittest ever.
I suppose the State pensioni can be regarded as a "sort of" UBI, except that the amount depends on the number of NICs, and is only available to those over 66.
Perhaps it can be regarded as a mini, targeted form of UBI.
Of course being a higher tax payer from the age of 28 I will have helped to bring up several families, as well as my own.
So many things are now available "free at the point of delivery", one wonders where it will stop: food banks, free furniture, libraries, heath-care, education.
And now energy use is being subsidised.
Perhaps when the country is covered by solar panels and wind turbines energy will be "free" as well?
Bulldog Drummond
Posted: 01 August 2022 10:36:05(UTC)
#11

Joined: 03/10/2017(UTC)
Posts: 6,253

Thanks: 2935 times
Was thanked: 11838 time(s) in 4405 post(s)
bédé;232790 wrote:
Easyrider;232752 wrote:
2) Maximum university grant.
5) Generous post-graduate grant paid for by Government.

2. Bulldog had a college scholarship. (I believe) that was probably deducted from his other sources.
5. What do Arts post-graduate students actually do? Put the "re-" into Research?

I'm afraid that my parents didn't qualify for a grant. Tuition was free but as it amounted to a one hour tutorial once a week for 24 weeks a year I don't imagine that it cost much.

My college scholarship amounted to the princely sum of £40/year and the privilege of wearing a long gown to dinner. I think that college scholarship payments had been frozen for at least a century, and inflation had taken its toll.

With the possible exception of maths and maybe some sciences, I have always seen PhDs as a complete waste of time, involving research into some subject of no interest to anyone. My college saw the very few "doctors" tutoring there as a bit of a joke. But being terrible snobs we did like the staircase notice board for Prince Obolensky, a Russian history don.
1 user thanked Bulldog Drummond for this post.
bédé on 01/08/2022(UTC)
6 PagesPrevious page12345Next page»
+ Reply to discussion

Markets

Other markets