General Election 2024: TODAY!

[Anna B]

26 minutes ago, carosio said:

If I vote Labour, what chance my council tax will not increase next year? If austerity is banished, then councils will be awash with all that government funding previously denied. All raised from, errr... the rich?

They can afford it. 

We're talking about the super rich who can afford a whole department od dodgy accountants telling them how to avoid tax, (not the moderately wealthy.)

If they'd paid their tax properly in the first place we wouldn't be in the pickle we're in and our country would be properly funded.

[carosio]

17 minutes ago, Anna B said:

They can afford it. 

We're talking about the super rich who can afford a whole department od dodgy accountants telling them how to avoid tax, (not the moderately wealthy.)

If they'd paid their tax properly in the first place we wouldn't be in the pickle we're in and our country would be properly funded.

 

I always thought that if tax is paid within the law, that would make a person a law-abiding citizen who has paid their tax properly.

 

A friend (fan of The Stones) was always complaining about the very wealthy not paying enough tax, but when I pointed out that Mick Jagger and Keith Richards were half-billionaires (Brian May about half that), he went quiet.

[Anna B]

5 minutes ago, carosio said:

 

I always thought that if tax is paid within the law, that would make a person a law-abiding citizen who has paid their tax properly.

 

A friend (fan of The Stones) was always complaining about the very wealthy not paying enough tax, but when I pointed out that Mick Jagger and Keith Richards were half-billionaires (Brian May about half that), he went quiet.

A fair tax system is the basis of a fair and equitable society / country. Understanding that, it used to be a given that everyone paid their fair share of tax as a point of honour. It was the easiest and most efficient way of redistributing wealth to pay for services and infrastructure etc, kept the disparity between the least and the best off manageable and was a system envied throughout the world. 

 

Unfortunately our tax system has failed to move with the times and absorb new working practices and developments. Free market economics has helped the wealthy to thrive at the expense of the less well off. 

It's become overly complicated whilst trying to block the many loopholes that can now be found in the system and exploited by the unscrupulous. This has allowed the already richest to gain disproportionately, and the gap between rich and poor to expand to hitherto unknown levels. The wealth is so great it can no longer be absorbed into the system, or adequately spent and so sits accumulating in accounts. 

 

The Conservative government of the last 14 years has done nothing to address this situation, in spite of empty promises to do so, they have in fact made it even less regulated but then as they and their party are amongst the main beneficiaries of such lax overviews they are unlikely to do anything to bring about change. 

 

1% from the top 100 multi billionaires would be enough to pay for all our services. It would be loose change to them, they wouldn't even miss it. 

[Uggy]

1 hour ago, Slinny said:

For what he did  stoping  people seeing  their  loved ones when they were dying in Covid  and all front bench backing him up when confronted  on this, the lot  in my mind  should get  some time  ,including our present  leader   

And don't forget all the opposition parties supported him too

[Slinny]

25 minutes ago, Uggy said:

And don't forget all the opposition parties supported him too

Never heard nothing about that. name. names ?  

[Uggy]

3 minutes ago, Slinny said:

Never heard nothing about that. name. names ?  

Sir Kier, Angela, all the Labour front bench, Ed Davis, et al

[sheffbag]

1 hour ago, Anna B said:

A fair tax system is the basis of a fair and equitable society / country. Understanding that, it used to be a given that everyone paid their fair share of tax as a point of honour. It was the easiest and most efficient way of redistributing wealth to pay for services and infrastructure etc, kept the disparity between the least and the best off manageable and was a system envied throughout the world. 

 

Unfortunately our tax system has failed to move with the times and absorb new working practices and developments. Free market economics has helped the wealthy to thrive at the expense of the less well off. 

It's become overly complicated whilst trying to block the many loopholes that can now be found in the system and exploited by the unscrupulous. This has allowed the already richest to gain disproportionately, and the gap between rich and poor to expand to hitherto unknown levels. The wealth is so great it can no longer be absorbed into the system, or adequately spent and so sits accumulating in accounts. 

 

The Conservative government of the last 14 years has done nothing to address this situation, in spite of empty promises to do so, they have in fact made it even less regulated but then as they and their party are amongst the main beneficiaries of such lax overviews they are unlikely to do anything to bring about change. 

 

1% from the top 100 multi billionaires would be enough to pay for all our services. It would be loose change to them, they wouldn't even miss it. 

Anna

Few questions for you

What % of UK tax revenue do the top 1% of earners pay?

What % of UK tax revenue do the top 10% earners pay

What % of UK revenue do the lowest 50% of earners pay?

 

Then comeback and tell us what you think they should be paying?

[sheffbag]

1 hour ago, Anna B said:

 

1% from the top 100 multi billionaires would be enough to pay for all our services. It would be loose change to them, they wouldn't even miss it. 

If by "multi billionaires" you mean people with more than £2B then there are 85 of them in the UK according to the Sunday Times Rich List so you would be hard pushed to find the top 100 of them

[carosio]

1 hour ago, Anna B said:

 

"Unfortunately our tax system has failed to move with the times" 

 

"It's become overly complicated whilst trying to block the many loopholes that can now be found in the system and exploited by the unscrupulous." 

 

"1% from the top 100 multi billionaires would be enough to pay for all our services. It would be loose change to them, they wouldn't even miss it. "

 

Gordon brown dramatically expanded the tax rules when he took office. Also, the very wealthy don't necessarily have a lot of cash lying around, some on relatively small salaries.

 

People "think billionaires sit on mountains of money and don't do anything but invent new ways of spending it," he wrote. "Nothing could be further from the truth ... keeping $1 billion in cash would cause up to a $135,000 opportunity cost each and every day."

Almost all of billionaires' wealth, he said, lies in the companies they own, in stocks, or in real estate and other assets: "Billionaires don't see money as something to spend on themselves. Money is there to invest and create. It is a form of universal energy in business that allows them to make things happen, to turn their visions into reality."

Read more: An entrepreneur who interviewed 21 billionaires says the same 6 habits helped make all of them successful

Consider Jeff Bezos: His annual salary is reportedly only $81,840, but most of his $156 billion net worth comes from his Amazon shares. Likewise, Mark Zuckerberg lives off an annual salary of $1 — a huge chunk of his $70.6 billion net worth is tied to Facebook stock.

And 99% of Warren Buffett's $85. 5 billion net worth is tied to his company, Berkshire Hathaway, which he's devoted his life's time and energy to. He invests the other 1% of his wealth.

Meanwhile, Richard Branson, the billionaire chair of the Virgin Group, has a hefty real-estate portfolio consisting of places like Necker Island in the British Virgin Islands, Sun Bunyola in Mallorca, and Mont Rochelle in South Africa. These real-estate holdings are just another Virgin Group business branch known as Virgin Limited Edition — Branson uses them as hotels and retreats. All of these properties are considered assets that comprise part of Branson's $4.1 billion net worth.        (Rafael Badziag)

 

[Mister M]

Well this is a real treat isn't it?

 

All throughout these years of incompetence, sleaze, fraud, dodgy dealings and wing nuttery - seen nothing and heard nothing on here from some of these people yet as soon as the public are so sick and tired with the clown show, here they are like 2010 -2024 never happened....🙄