Young People Shouldn’t Pay Tax - Rory Sutherland

[sebastianwepunkt]

Andy Serkis is spittin some truths here

[TehKarmalizer]

I’ve never heard anyone suggest this, but it’s genius. Getting started really is the hardest part.

[vel_rouge]

To do some numbers on this:

The average income for 22-29 year olds in the UK is £30k. At that income level, someone will pay about £3.5k in tax a year and take home £26.5k. So in this proposed system they would take home £290 more a month and use up their allowance over the course of 8 years.

Just thought some people might find that interesting.

[dominicjohnson]

In Australia the tax breaks for senior citizens are obscene - and there is nothing that really helps young people - and I say this as someone about to

[Rich_H_]

As a 52 year old, I think that's an awesome idea. Makes complete sense.

[shaboyshaboy]

When he said I’m 58, I realized no amount of money is worth trading a life of doing what you love and being healthy.

[birgittabirgersdatter]

I’m 60 and I think this is brilliant. Such tax breaks would have made it so much easier to buy our house and bring up children. With fewer and fewer people having children, this would help tremendously.

[rouninpanda]

Every bit of financial advice I've ever been exposed to since being a teenager has basically boiled down to "as early as you can, always set aside a chunk of whatever you earn towards retirement so that you can finally rest easy once you're old as hell and broken". Sounds great, in the meantime I could barely keep the lights on or get gasoline and food at certain times in my life, and forget about buying a house or saving money that can only be spent once my spirit is sapped.

[Papaconstantopoulos]

This whole episode was a goldmine, absolutely loved this gentleman and his ideas

[stewiegriffin]

With that mustache Alex is looking like a British soldier from WWI.

[jedaniels]

I’m watching this, a 30yr old sitting in an underfunded public school in a very wealthy area, frustrated that my state and county both give property tax waivers to anyone over 65, while I’m trying to set aside money for my property taxes. If the retirees in this area paid property taxes to fund this school we wouldn’t be underfunded.

[tw]

He's absolutely right. Our societies need to start genuinely supporting our young hardworking generations instead of no limits at-all-costs ruthlessly and mercilessly exploiting our young hardworking generations 💔

[Halfdanr_H]

I hated paying tax when I was 16 and 17, because the government was taking my money but wouldn’t give me a vote, so I didn’t get to have a say in what they did with the money I was forced into giving them. I’m in my 30’s now and I still feel it’s grossly unfair, a ridiculous inequality that should be remedied immediately.

[CodyHomes]

That would be a great improvement to add to the tax system.

[Fran-orlt]

I think we should introduce a system where we have to vote in polititians who have our interests at heart, we could call it a democracy.

[LAMBDRIX]

Telling it to the wrong people! Should be telling this to parliament and make them put stuff like this into action

[uniteallaction]

One of the best things I've ever heard

[AlexWalkerSmith]

If I took a very deep breath, I could probably quote every word Alex said in this 1 hour and 48 minute interview.

[justinwolz]

I had never heard of Rory before this podcast. What an extremely entertaining and though-provoking guest! I will be buying his book. More guests like this.

[Healthy-sk]

The person hes interviewing is becoming a fast favorite of mine