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Post by francegas on May 17, 2024 13:21:33 GMT
So you are jealous of wealth. Thought so. Shame your incapable of having a debate. Oh gawd 🙄 Are you happy with the rich getting more and more wealthy, stashing their money off sure , advocating for cuts to gov spending? Would that be sure or shore . Just asking as you do like to pick me up on mistakes. It depends at what level you class someone as being rich. I have absolutely no issues with people having wealth. (I'm not one of them, far from it in fact). If they are paying the same percentage levels of IHT, CGT Income Tax etc I don't have a problem. I just don't like the view of "You've got more money than me, that's not fair, you should pay way more tax than me". People can be asset rich but income poor through no fault of their own, so should they be forced to pay more tax?
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Post by yattongas on May 17, 2024 13:54:11 GMT
Oh gawd 🙄 Are you happy with the rich getting more and more wealthy, stashing their money off sure , advocating for cuts to gov spending? Would that be sure or shore . Just asking as you do like to pick me up on mistakes. It depends at what level you class someone as being rich. I have absolutely no issues with people having wealth. (I'm not one of them, far from it in fact). If they are paying the same percentage levels of IHT, CGT Income Tax etc I don't have a problem. I just don't like the view of "You've got more money than me, that's not fair, you should pay way more tax than me". People can be asset rich but income poor through no fault of their own, so should they be forced to pay more tax? First point …. Fair play ! lol The second point , I couldn’t give a fig how much money anyone has got as long as they pay a fair rate of tax . When you look at the likes of Sunak and his wife and the way they circumnavigate the tax system to get away with paying a lower percentage than your average citizen it’s wrong . Amazon getting away with paying next to nothing is wrong. Tax system needs a complete shakeup.
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Post by trevorgas on May 17, 2024 14:25:36 GMT
Would that be sure or shore . Just asking as you do like to pick me up on mistakes. It depends at what level you class someone as being rich. I have absolutely no issues with people having wealth. (I'm not one of them, far from it in fact). If they are paying the same percentage levels of IHT, CGT Income Tax etc I don't have a problem. I just don't like the view of "You've got more money than me, that's not fair, you should pay way more tax than me". People can be asset rich but income poor through no fault of their own, so should they be forced to pay more tax? First point …. Fair play ! lol The second point , I couldn’t give a fig how much money anyone has got as long as they pair a fair rate of tax . When you look at the likes of Sunak and his wife and the way they circumnavigate the tax system to get away with paying a lower percentage than your average citizen it’s wrong . Amazon getting away with paying next to nothing is wrong. Tax system needs a complete shakeup. What I have never understood is why if you are the Sunaks do you need more money surely they have more than sufficient? So why make yourself a target by avoiding paying your fair share of tax just because you can,they are not breaking any laws it's just makes me feel uncomfortable.
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Post by yattongas on May 17, 2024 14:29:31 GMT
First point …. Fair play ! lol The second point , I couldn’t give a fig how much money anyone has got as long as they pair a fair rate of tax . When you look at the likes of Sunak and his wife and the way they circumnavigate the tax system to get away with paying a lower percentage than your average citizen it’s wrong . Amazon getting away with paying next to nothing is wrong. Tax system needs a complete shakeup. What I have never understood is why if you are the Sunaks do you need more money surely they have more than sufficient? So why make yourself a target by avoiding paying your fair share of tax just because you can,they are not breaking any laws it's just makes me feel uncomfortable. Agree completely Clive , you could add in nearly all billionaires globally. They’ve all got more money than they could ever spend in their and their kids / grandkids lifetimes yet they still want more , still try and avoid paying taxes. When I made my tenth million I decided that was enough as I’m not greedy.
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Post by trevorgas on May 17, 2024 15:28:24 GMT
What I have never understood is why if you are the Sunaks do you need more money surely they have more than sufficient? So why make yourself a target by avoiding paying your fair share of tax just because you can,they are not breaking any laws it's just makes me feel uncomfortable. Agree completely Clive , you could add in nearly all billionaires globally. They’ve all got more money than they could ever spend in their and their kids / grandkids lifetimes yet they still want more , still try and avoid paying taxes. When I made my tenth million I decided that was enough as I’m not greedy. Haha ,you could buy the Gas,their a charityđź¤đź¤ I like the way Bill Gates and his other half have gone about using their wealth for good,if your going to accumulate that much you have to do some good with it No pockets in a shroud!
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Post by aghast on May 17, 2024 21:36:26 GMT
I've never bought into this high tax = disincentive theory when applied to the rich.
Income tax, or at least the headline rate, has become such a hot potato for political parties that no one dare mention raising it. Cutting it is fine, of course.
Yet in reality taxation rates are raised regularly and are particularly high at the moment under a Tory government using, as we know but politicians dare not mention, a raft of stealthy measures whist avoiding a headline increase.
The tax take is due to rise to 37% by 2025, the highest level since 1948, but I see little evidence of the rich fleeing these shores clutching suitcases full of unmarked banknotes. They have more than enough to stay ludicrously comfortable.
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Post by yattongas on May 19, 2024 9:58:28 GMT
I’ve always thought of capitalism as a big game of monopoly, if you imagine we’re all just playing a game UK wide or even globally. We move around the board but eventually we land on Mayfair / Park lane etc and have to pay the big guys . After a while we end up skint and they take our property. This is playing out in real life .
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Post by trevorgas on May 19, 2024 10:15:55 GMT
I’ve always thought of capitalism as a big game of monopoly, if you imagine we’re all just playing a game UK wide or even globally. We move around the board but eventually we land on Mayfair / Park lane etc and have to pay the big guys . After a while we end up skint and they take our property. This is playing out in real life . Well we could just nationalise everything including private housing and personal assets and let the State hand it out.
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Post by yattongas on May 19, 2024 11:04:32 GMT
I’ve always thought of capitalism as a big game of monopoly, if you imagine we’re all just playing a game UK wide or even globally. We move around the board but eventually we land on Mayfair / Park lane etc and have to pay the big guys . After a while we end up skint and they take our property. This is playing out in real life . Well we could just nationalise everything including private housing and personal assets and let the State hand it out. Things like water , gas , electricity etc should never of been privatised. Anyway ….. we still need to tax the top 5% much more.
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Post by oldie on May 19, 2024 11:09:26 GMT
Well we could just nationalise everything including private housing and personal assets and let the State hand it out. Things like water ,  gas , electricity etc should never of been privatised. Anyway ….. we still need to tax the top 5% much more. Personally I think crude taxes on income are no longer fit for purpose, never really were. We need to work out a system of income distribution that does not create extreme wealth and unacceptable levels of deprivation. A Universal Basic Income would be a start, alongside a provision of publice services which we all rely upon.
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Post by yattongas on May 19, 2024 11:14:25 GMT
Things like water , gas , electricity etc should never of been privatised. Anyway ….. we still need to tax the top 5% much more. Personally I think crude taxes on income are no longer fit for purpose, never really were. We need to work out a system of income distribution that does not create extreme wealth and unacceptable levels of deprivation. A Universal Basic Income would be a start, alongside a provision of publice services which we all rely upon. Yes , of course you are right. A fundamental shake up is needed . Big advocate of basic income which will be more needed as AI takes peoples jobs . This will lead to yet more inequality as the rich get richer and the poor left to fester.
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Post by oldie on May 19, 2024 11:44:18 GMT
Personally I think crude taxes on income are no longer fit for purpose, never really were. We need to work out a system of income distribution that does not create extreme wealth and unacceptable levels of deprivation. A Universal Basic Income would be a start, alongside a provision of publice services which we all rely upon. Yes , of course you are right. A fundamental shake up is needed . Big advocate of basic income which will be more needed as AI takes peoples jobs . This will lead to yet more inequality as the rich get richer and the poor left to fester. AI is just another method for quicker and lower overhead production. Like the steam engine. It will be what it will be. If it does increase GDP then it's the distribution of that GDP that is important. We cannot carry on with 5% of the population snaffling the growth for themselves. The narrative needs to change, a narrative where "merit" is defined by those that benefit the most from a narrative they dictate. www.penguin.co.uk/books/313112/the-tyranny-of-merit-by-sandel-michael-j/9780141991177
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Post by trevorgas on May 19, 2024 11:53:13 GMT
Well we could just nationalise everything including private housing and personal assets and let the State hand it out. Things like water ,  gas , electricity etc should never of been privatised. Anyway ….. we still need to tax the top 5% much more. That won't solve the underlying issues of low investment and poor productivity,until we see a considerable improvement in those areas our standard of living will continue to stagnate.
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Post by yattongas on May 19, 2024 12:44:11 GMT
Things like water , gas , electricity etc should never of been privatised. Anyway ….. we still need to tax the top 5% much more. That won't solve the underlying issues of low investment and poor productivity,until we see a considerable improvement in those areas our standard of living will continue to stagnate. This bloke explains it better than I ever could….
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Post by stuart1974 on May 19, 2024 18:07:45 GMT
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Post by stuart1974 on May 20, 2024 10:15:37 GMT
"Shareholders in some of the UK's largest water companies have taken out tens of billions of pounds but failed to invest, new research claims, with firms planning to raise household bills to fund future spending. Investors have withdrawn £85.2bn from 10 water and sewage firms in England and Wales since the industry was privatised more than 30 years ago, analysis by the University of Greenwich suggests. Companies are under pressure following sewage spills and water leaks, which critics have blamed on under-investment in the country's infrastructure. Ofwat, the industry regulator, said it "strongly refuted" the figures. "While we agree wholeheartedly with demands for companies to change, the facts are there has been huge investment in the sector of over £200bn," a spokesperson said. Water UK, which represents the industry, said investment in the sector was "double the annual levels seen before privatisation". Water and sewage firms want to increase customers' bills by an average 33% over the next five years to fund improvements in the services for households. But David Hall, visiting professor at the Public Services International Research Unit at the University of Greenwich, claims that water companies have invested "less than nothing of their own money" and are “treating their customers like a cash cow”." www.bbc.co.uk/news/articles/cw4478wnjdpo
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Post by stuart1974 on May 20, 2024 13:32:17 GMT
Chair of the Infected Blood Inquiry not mincing his words.
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Post by stuart1974 on May 21, 2024 23:58:07 GMT
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Post by Gassy on May 22, 2024 5:07:56 GMT
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Post by stuart1974 on May 22, 2024 10:11:57 GMT
Not good for the care sector, or those needing care. Maybe there will be an uptick in domestic applications. 🤔 "There has been a sharp fall in the number of overseas health and care workers applying for visas in the first few months of this year compared with the year before. Just 12,400 people applied for the Health and Care Worker visa from January to April this year, according to the latest statistics published by the government on Wednesday. During the same period last year, 50,900 applications were made - 76% more than this year." news.sky.com/story/health-and-care-worker-visa-applications-down-76-this-year-13141145
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