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Probably run a functioning economy so that people can earn money at a rate faster than inflation? There’s more than one way to get fed. The UK economy has been
by bobthepanda 3y ago
Probably run a functioning economy so that people can earn money at a rate faster than inflation? There’s more than one way to get fed.
The UK economy has been one of the worst performers in developed economies since COVID.
- gosub100 3y ago[flagged]
- drcongo 3y agoa) No, it's not 50%. and b) that's not how tax works. And c) to one of your other comments, the UK is not a socialist country, far from it.
- philk10 3y agoYou going to do the Thatcher quote next ""The problem with Socialism is you eventually run out of other peoples' money." ?
- bobthepanda 3y agoRight, because the benefits have gotten significantly better since COVID, not a prime minister totally tanking the economy by promising unfundable tax cuts and getting fired in 43 days, or the general bureaucratic mess that has been Brexit implementation.
- michaelmrose 3y agoIn the US median household income is around 75k and average cost of out of pocket medical costs and insurance for a family is about 18k or about 1/4 of your income alongside the lower tax of at least 22% The UK has tax brackets like everyone else and the same family would pay about 27% income tax and about 8% of their income in vat. It looks like everyone but the very well off is worse off in the US. Keep in mind that that family doesn't have the threat bankruptcy from an uncovered emergency room bill as well.
- bobthepanda 3y agoHousing to income is worse in the UK, particularly in London. London has a house price to median income ratio of 13. The same figure is 10 in San Francisco.