Jedisco's Posts
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Musk carry the matter for head.... even to the last drop of his blood..hehe As Tech bros are looking to protect a pathway for those they'd employ, so also everyday companies including farms go dey reason a way to lobby for those without papers.
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Who is witnessing the fistcuffs between the MAGA and DOGE crew? MAGAs can't believe that so soon after an election, pillars of Trumps win are advocating for migration. Of couse, na small small e dey start. I love capitalism https://x.com/VivekGRamaswamy/status/1872312139945234507?t=qNvpzVFele9NMm3CLhrT8A&s=19 P.S. MAGA = traditional Trump supporters i.e far right DOGE = Department of Government efficiency led by Vivek + Musk i.e Tech Bros
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Talking about businesses... encountered this a while back and found it helpful. https://www.reddit.com/r/UKPersonalFinance/s/ZEXLQXT9ts Although not investments, two other advantages worth adding 1. The electric car scheme- nice one as the full cost of the car could be expensible before paying corporation tax. Also need to factor benefit in kind which is a token for electric cars. Of course this may change with time but does demonstrate certain benefits which are usually topical 2. Entrepreneurs relief/Business Asset disposal relief - on closing a business, a nominal tax can be paid |
zichien:I'd have liked to see him continue and give more detail as it seemed he was up to something. 300k go good for my body. Though it crossed my mind, I'd have been disappointed if he ended up selling a course. I'm all for business ownership but appreciate the hurdles most of us face. Most on PSW or those working in care wouldn't be in a position to pitch ideas to venture firms. Even at that, most businesses/start-up by default would fail and would do so within their first 5 yrs. Building wealth as a immigrant community does take time except if such immigrants arrived as colonisers. Hence the basics of a strong economic footing still largely hold true- good education for kids, getting on the property ladder early, building ones career + venturing out, taking advantage of tax-sheltered wrappers e.g pensions e.t.c. Some small businesses pick up with the right numbers e.g restaurant chains, Afroshops e.t.c Not against folks aiming large- its very important. I hope to see a top-100 global company founded and largely owned by Nigerians. But we should appreciate everyones contribution and denigrating hardworking folks because they don't live in a top-20 city (whatever that means), have '£300k to take risk' or '£1m to escape poverty' which is downright myopic. |
motymop:You're mostly wrong. I know as I am a doctor. Most doctors coming from abroad would be fully licensed and would start on a fulltime salary higher than that. The NHS rightly has a banded pay for reasons of equity. Doctors coming straight from anywhere would be paid same rate as anyone doing the job. The main things that matter are role and years of experience. In some instances, years of foreign experience might also be taken into cognisance to put them on a higher scale than a local graduate doing thesame job (but without same experience) Most agencies do not offer sponsorships and as such a doctor working adhoc via agencies needs to have a fulltime role except they've been in the country long enough to have a settled status. Also, agency or locums pay much higher than full-time salaried role. There are a few unscrupulous agencies but these are few and far between. Also, there are some bottlenecks international graduates might face in the system but they are not of the type you describe. |
Ashirioluwa:Yeah. It's decent and above the median but that person would not class a high earner by virtually any metric. At the very least, a high-earner would have some income in the higher rate tax band |
RayRay06677:Yes I am oo and happy for it though I'm on the receving end this time as I'm handling a project back home. The good thing is that most rates have almost merged It's mainly just the first hurdle. The government needs to bring down inflation quickly. At 33%, a sum of naira loses half of its value in 2yrs plus. When directly exchanging with other economies who have a much lower inflation rate, it's only a matter of time before the naira loses further value except our economy is growing at an alarming rate (which its not). The government should aim to bring inflation below 12% by the end of their current tenure. |
Congrats @Kunleop and @Pretypacy 2 yrs was quick. Good news to end the year. |
Cyberknight:The main pay the govt has direct power over is the NMW and public service pay. We've seen how the public sector pay disputes have gone. At 100% debt to gdp- the fund for any further rise has to come from somewhere. Private sector employees (some of who have seen the NMW slowly catch up to their pay) are not willing to pay higher taxes so the civil sevice can be paid more. Also, lower and higher rate payers are not ready to forgo the relatively generous tax free allowance to achieve that. It's been hammered that the tax burden is already at historical high - further increases have to be measured. How many people are willing to give up their tax free allowance so a consultants base pay could be increased to 200k? Any 'radical' change has to be gradual and sustained not to upset market forces. The UK minimum wage is higher than that of Germany and theres not much difference between groceries. Also with nominal prices, one has to consider vat, competition e.t.c. The main driver of the economy is also another factor with the UK being largely service driven where costs can filter through quickly. |
The simple question is what the deductions were on. Cos even if this was in the highest tax treshold for someone earning super bucks (which this person is not close to), the deductions would still be much lower. The payslip owner who is earning £21/hr is not a high earner. That person should cumulatively pay circa 20% of income in tax (both income and national insurance) |
Merry Christmas and happy holidays my people- here's to higher highs in the new year |
Cyberknight:Singapore-on-Thames hehe. Stuff they like to tell themselves. With the way PMs are ditched, its difficult for a PM to make needed unpopular decisions and stick to them until the benefits come thru. UK can't tolerate a leader in the mold of Lee Kuan Yew today. I agree- they're trying to be as capitalist as the U.S while still being as socialist as the Europe. The 'afford' here is hardly the decision - which frankly is easy. It mainly dealing with whatever the aftermath is while sticking with the initial decision longterm. Take the NHS for example- when Singapore set up theirs, they made specific decisions to avoid potential flaws of the U.K styled NHS (which wasn't that obvious then)- there is a co-pay/insurance component and while the basics are equalised, the level of care one gets might be dependent on how much is being paid. Result is that they spend about 6% of their gdp on healthcare as against the UK which spends almost 12%. How many Brits would tolerate the Singapore style?. 'Free' items are prone to misuse. Weve seen this even with supermarket carrier bags. We've not even considered higher taxes. Also, increasing taxes simply to increase pay would boomerang except costs of everyday items are kept low which again is the difficult part. If minimum wage overnight became £20, the cost of groceries would easily double. To me, the easiest of all difficult decisions is getting the rising number if folks (esp young ones) who are NEET (not in employment, education or training) to sustainable levels. Its those same people that would be needed to fill the skill gaps. But we see how the government has dilly-dallied with this given the usual British talk without making firm macroeconomic decisions. |
directonpc:Hehe... yes, it would, and given the current political climate, the government is unlikely to make significant changes until either the heat settles, labour shortages hit hard, or they start chasing growth. These things come in ebbs and flows, and, as with most things, it's important to be decisive when a legal opportunity arises. We've seen the peak; we should soon see the lows. |
Merry Christmas and happy holidays to everyone here. Hoping for a more vibrant new year |
gtassure:Hahahaha... crypt0 bros ![]() Hope say u no use house deposit untop crypt0. For many, the less they are engaged and the less of most influencers, the better. The thing about crypt0 is that ultimately you look at it today with botc0in sitting at circa 100k you can always tell yourself, if I had managed my greed, I'd have done just fine. |
'Asian-styled capitalism' should be blamed Though the reasonable minimum pay in many U.S states is above the federal minimum wage, it's rate of rise still hasn't come close to how quickly the top 1% have amassed wealth over the last 2 decades and yet still found ways of paying less effective tax.
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Agidipie:Not much info is given on your post but as some have said, you need to consider all variables- (what job you're currently doing, course of study, skillset, family, e.t.c) and itemize what options you have and move on it. As you know, to remain in the the UK after your graduate visa, you'd need a regular sponsorship (i.e salary of upto 38k) or a job in an exempt industry e.g the NHS or Care. There is also the teaching route. Lastly a second masters or phd which are all expensive and cumbersome. If you're unable to remain in the UK, what are your likeable options? The issues mentioned about Canada are what can be stated about any western society with different skew. Moving to Canada as a PR takes significant weight off your shoulder as you face your career without all the pressures of having a visa. P.s. nothing stops you from pursuing both. The Canadian PR process is fairly straightforward. If you get both, you can then weigh options from a more vantaged position. If you're targeting the Canadian healthcare draws, then you'd need to get on and apply as average scores are likely to keep rising. |
Goke7:Exactly what I noticed. Imagine if it was the reverse or if there was a way to twist it out like when there was the media uproar of slow growth despite decent migration. It was funny how many jumped on the bandwagon to blame migrants (without asking what state the economy would have been in without no net migration) as if we are agro fertilisers for their economy. |
gtassure:Hehe.. crypto influencer don do do you something He has some interesting views.. I'm keen to learn how to make the money he's mentioning. |
Chukwuka16:I dont get. Are you saying Nigerians can mainly achieve the £1m target or £300k to take risk when others have built the ecosystem for them? How then do Nigerian in similar footing build that ecosystem? Why top 20? Why not 10 of 15? Is 20 a magic number? Also, why 2 yrs? Do you ever consider an individual, what they do and the realities on ground while saying these? I and many migrants I know do not live in a UK city talk more of top 20 global. Actually, doing so might be detrimental to us. Its worth appreciting the constraints people face. For many, the business they can do would be a continental shop, restaurant, hair dressing, taxi drivers, home delivered meals, child minding e.t.c. all those all begin to make sense when we have the right numbers. £600/day is decent but one is not getting to the '£300k to take risk' level by earning that anytime soon. I know as I earned that on a shift as far back as 2019. To be clear, I am not against entrepreneurship. I am the product of a family owned business. |
SIRTee15:Your rabid hate for Asians and complete lack of understanding about the UK is evident with every post. So you've been taught to blame Asians for capitalism? Looks like you've woke from a 400yr slumber and are unaware of how the worlds leading economies came to be. Look south at the U.S - a country which has achieved humongous wealth but over decades that wealth has only been exceeded by widening inequality and lack of a universal, effective healthcare. I guess we should also blame Asians for that. The average Brit does not think like you. Understand that before discussing the UK. On the basis of migration, same UK voted for Brexit - a move which has been roundly described as an act of economic self-harm. The UK granted less than 120k permanent resident visas last year. Contrast that with Canada. Again, you dont understand how they think. |
SIRTee15:What attracted me to Canada? Same thing that attracted millions of folks to migrate around the world all through human history. As a Brit, moving to Canada is not seen as migration - millions arrived before you were born and millions would continue to do as they see fit. If you must know, the prospect of earning more or same while doing less, being able to get a mortgage of circa 1m cad + a 350k professional line of credit (which can be used for a deposit) all accessible within a few months of arrival ain't bad for a starter pack. That Canada made a special pathway that made it much easier to arrive as a PR made me choose them over say Australia or remaining in the UK. The fact that Canada also favours family migration more is an added perk. Like I said, I might again move with time- I am unapologetic about migration. Frankly, if migration causes you soo much discomfort, then Canada is not the place to be. My phrase is a statement of fact and its not meant to denigrate any culture. It highlights how the world works and why black folks in Canada owe no one any gratitude or explanation for their presence there. Lastly, you do realise that the article you posted is an opinion article. Not just that, it was written by an ex-immigration minister whose government saw the biggest rise of immigration UK had seen in decades? Are you that thick? It would have made more sense if you told me you hate migrants cos they eat cats. Let me break it down in simple English. In economics, there is a term called opportunity cost. A way of calculating 'value' is not just by looking at the additional gain of having migrants but what the net cost would be if they were not there. Think about that for a second. BTW, why are you hellbent on sidestepping this to a discussion around migration? I'm hardly interested in enaging you on that. It would help you to know there are pros and cons with everything and finding the right balance is key. What I stand against is you hiding under migration to spread hate.
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Cyberknight: missjekyll:Interesting read moreso given that this is from an independent government funded agency. It all fits into the BBC article on why every govt over the last 2 decades has been unable to cut migration despite promising to do so. Who would have thought that migrants despite paying in much more take out much less? It's hard facts like this that the government have been aware of over time that makes them understand that though the average brit wants no/very low migration, they and the economy at large cannot afford it.
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lavida001:A few things worked in their favour. 1. They got to be an extremely wealthy nation before their decline started- like savings in the bank, this helped them buy time. 2. They had a good lead in robotics which helped boost/maintain productivity in certain areas even with less people. 3. Even though the U.S were a bit jealous on occasions, they were in the good books of the western powerhouse and the only Asian nation who were part of the inner caucus hence many macroeconomic decisions were in their favour or at least not engineered against them 4. They're popular for their long work hours and had to sweat out their youth to support the aging populace. I gather the common slang there is 'death by overwork'. The youth in many western nations have no business doing that. 5. They have borrowed to the extreme to support their economic numbers. Their debt recently sat at over 260% of gdp. By contrast, the UK is insistent on maintaining theirs below 100 and the U.S for all the shout is less than 130% In all, their population has reduced significantly over the last decade but its not brought any benefit to the average Japanese. |
missjekyll:One can be passionate without being derisive and understanding that any society is a complex mix of its moving parts. Certain grey areas wound be: 1. Not understanding the practical means by which most Nigerians here would build wealth. Business for most would initially be in the format we see advertised on local whatsapp groups from which they can build on. Take IT for example thing with consumer/retail IT (unlike say pharmaceuticals) is that there is hardly ever one roundly superior option. There is a long list of software providers looking to sell their products to most large organisations e.g the NHS. When the decisions on procurement take place it's almost always a few people in the room making that decision. Humans would always have a subconscious bias and having folks who are open to give you a fair playing field is equally as important as whatever product you build or whatever communicative skills you carry. Deriding the folks who by means of progressing in their career are able to sit and make those decisions just because they are not business people shows a complete lack of understanding about how the societies work. You see it everywhere whether is developers trying to pass through an approval. Even in 9ja, we know how a few folks at NNPC alsot tanked his refinery. 2. Secondly, the sums being touted are not in touch with the reality of many everyday folks in Britain. E.g '£300k to take risk', £1m to take one out of poverty. What percentage of people in Britain have that 3. Lastly- the extreme focus on money is a slippery slope. Money for most should be a means to an end, not an end in itself. |
Omotaday:Don't have a junior ISA but if going down this route, I'd follow same ISA rules and pick one with the lowest fee that has the funds I want the money to be invested in. JISAs should also have an FSCS insurance and given the child is a distinct individual, the 85k protection limit should apply to their account separately (worth confirming) P.S worth looking at the rules of access as I gather the child would have full access once they turn 18. Nothing stops them from using it as they see fit which to be honest, not an insignificant few would squander at that age. Personally, I'd first fill up my ISA and pension and consider investments before a JISA. That way, I can decide to gift the child a reasonable sum when the time is right. If you're looking at big sums here, there should be other ways (e.g Trusts e.t.c) that give it to them at the right time in a tax-efficient manner |
Chukwuka16:My question was simple. Most Nigerians arrive on a visa- means for at least 5 yrs, they are tied to an employer. They would earn similarly to people in same roles and in line with the wider nation. After mandatory expenses, how do they raise £300k to 'take risk'? Secondly, that exchange of value occurs by different means not only traditional buying and selling. When you say 'make money', what do you mean? |
NuCypher:It all fosters a self-hating narrative among people of colour - one meant to imbibe in them that brown immigrants are bad. This would ultimately affect their psyche and how they interact with the society as they go around thinking they're being done a favour by being in Canada and should be subservient to others (i.e one with a different colour) . Doesn't take alot to see how that would ultimately affect attainment. Interesting, how folks whose forebears arrived these nations, killed off locals - calling them savages (sounds familiar), now go around with all the entitlement and no remorse and now decide who is a migrant and not. Imagine someone insinuating that its migrants that are responsible for the slow growth in the UK. What he fails to ask himself is why has almost every prime minister for the last 20yrs been voted out on the basis of migration yet they keep coming for more. Immigration is easy to end- it can be done in an afternoon. Reason why its not happened is simple: https://www.bbc.co.uk/news/articles/cjr40yxnvzpo.amp But then, over 2.5 million working age Brits are on longterm sick with many claiming benefits. Some local councils have been bankrupted by social care with many spending upwards of 80% of their budget on social care. I guess its same migrants who are unable to claim any benefit for over 5 yrs that are doing all this.
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funkyy598:Lets pretend your assertions were true. So what do we do to all brown folks in Canada? Gather them up, put them in chains and behead them? Afterall they are also eating people's cats. Let me break it down in simple English - would you call every northerner a terrorist because of a few boko haram killers? You can write a book arguing against migration and another arguing against crime. You can then write a last one on how to train kids. No issues with that - It's free speech. Where you'd cross the line is when you start dehumanising a full group because of myopic views. Guess what? In the UK, there's a shoplifting epidemic. I guess its also Nigerians and Ghanaians stealing from shops. |
orjohn24:I'm surprised at the kind of words you guys use to describe yourselves here. Is it low self esteem or what? I am still wondering how you came to this conclusion from my writeup Like I said, you can argue against immigration and also argue against crime. I have no issues with either. What I take exception to is dehumanising migrants, blaming every soceital issue on and using slur words on a brown-skin person is in Canada. I have seen where such ultimately leads- e.g religious riots in 9ja or recent riots in the UK. Do I really need to belabour this point? Besides, if you have issues with migration why take it on with the government who issues visas- vote your candidate, write to your MP (or the local equivalent), protest e.t.c but know where to draw the line. |
SIRTee15:I am surprised you are looking to push such despicable self-hating narrative on this fora. You can call out crime or discuss immigration sensibly but calling migrants criminals is something I would take you on. I wonder who made you the gate keeper of Canadian immigration. First you need to understand that the strory of mankind is one of migration and thats not going to change. 1. Before talking about the UK- you should get some knowledge. By almost every metric, the UK is much stricter than Canada when it comes to migration. I don't know how much you know about Canada either but it would interest you to know that about 50% of Canadians are of British descent. You fail to understand how the average Brit sees the world. The British have always migrated - the only difference is that when they do (as they have done for centuries), they see it as a birthright but when you do, you see it as a privilege. 2. Nigerians/Brits moving from UK to Canada or back is not news. People have moved in both directions for centuries as they saw fit. That would not change because you dont like it. I also know a few people who despite being granted a Canadian PR decided it wasn't worth it and remained back in the UK. It would also interest you to know that I am also unapologetically in the process of moving of moving to Canada as a British citizen. With time, I might also leave as I see fit. If you have a problem with Nigerians/British citizens coming over, you need to start looking for another country. 3. Lastly, if you think UK is in a 'sorry state', then you should thank immigration for it not being worse. The average migrant contributes more to the society than the average Brit while taking less. This is by the governments own figures and has been the reason why the every UK government over the last 20yrs has been unable to stop migration despite it being very easy to do. In all, I would want to know- do you really see yourself as a different grade of migrant (or house n** as it used to be known) because you arrived Canada earlier than others?
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Bede2u:Exchange rate means little. It can be set arbitrarily like many countries have done. Some have even rebased their currency but without the right fundamentals, the slide would only continue. What matters is stability not the nominal exchange. Its stability that determines the strength of a currency and investor confidence |
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