on November 1, 2024, 5:02 pm, in reply to ""Before making stupid comments"..... wow someones got issues...."
Travel allowance
Able to sign on during holidays
Yes, life then was great and I remember spunking £400 on my first day at uni on a top notch camera. Partying and drinks was every other day.
But to suggest students today are able to do this is nonsense. Feel sorry that youngsters are missing out on 3/4 years of life experience. 
Previous Message
As many older ones on here will know, 20+ years ago I was that student who was on here, hence many would put "morning" as a joke that all we did was sleep...I dont recall ever telling them to stop making stupid comments as it was obviously a joke
Fact is, many people I was at uni with will tell you how hard paying that student loan off was over the following years. Many will also jest how much of it was just "pissed up the wall", because guess what, they were out ALL the time
Did they spend 90% of the loan on drinking, well obviously not as we had to buy books and pay rent. Did pretty much the rest of the money get spent on going out as much as possible during the first 2 years, yes it did. And if your kids didnt go out drinking whilst at Uni, then either theyre lying or incredibly boring, and you can accept that as another stupid comment or not Previous Message
Try telling that to my kids who all worked low wage jobs whilst at Uni to support themselves. All now incurring an extra 9% tax on a loan which increases by more than inflation every year. This at a time they want to buy a property, settle down and have kids. To most that is a pipe dream.
So before you make stupid comments get your facts right. Previous Message
Its like giving Students their loans, 90% of it ends up on getting hammered at the weekend (then again, I guess thats paying into hospitality)
And the other issue would be when you start it, there will be a year above them who would be fuming Previous Message
I was reading recently about a Canadian economist who proposed a different tax system.
Essentially, allowing people to pay no tax, on the first 200k canadian dollars they earn.
So someone on 25k a year, would pay no income tax until year 8/9 of employment.
Someone on 80k a year, would get 2 and a half years, tax free so to speak.
The idea, to money in the hands of the young, to give them a financial lift when they need it, help them 'move out' get houses or rent etc.
Its an interesting idea.
Imagine in the uk, the first 100k you earn, is income tax free, the second 100k is taxed at 10% (getting you used to the system) then after that you are in the system as normal - but potentially with a house, or some savings. Oh and the threshold for paying tax is scrapped, if you are in this system, then once you start paying tax, you pay it on all income, no 12k tax free buffer etc.
Money in the hands of the young, who are then likely to go out and spend it (thus through VAT etc you get a fair chunk of tax anyway) but also need it.
I'm no economist, I dont know practically how much such a change would cost, obviously a fair bit initially. But theoretically, would it be bad?
Responses