The Minister just said that we do not charge national insurance because unearned income is not the result of labour. Many a person, instead of taking wages, draws dividends, which are inevitably the outcome of the investment of human capital—labour—yet there is no national insurance on dividends either, which is another example. Could it be that there are other ideological reasons why the Government do not levy this, rather than simply the investment of human capital? I agree that from 1911 onwards, when national insurance appeared on the scene, the focus initially was on employment, but we have moved a long way away from that. I wonder whether we can have this debate another day, if not today.
National Insurance Contributions Bill
Proceeding contribution from
Lord Sikka
(Labour)
in the House of Lords on Wednesday, 1 December 2021.
It occurred during Debate on bills on National Insurance Contributions Bill.
About this proceeding contribution
Reference
816 c1437 Session
2021-22Chamber / Committee
House of Lords chamberSubjects
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2021-12-21 11:07:27 +0000
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