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1% of the population own 30% of the money

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By (user no longer on site) OP   
over a year ago

Are you in favour of taxing the ultra rich?

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By (user no longer on site)
over a year ago

Tax the poor.

I need my 30% thank you.

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By (user no longer on site)
over a year ago

Yes. Some fortunes make absolutely no sense at the scale of an individual. What would you do with 1 billion? Let alone hundred billions like some have.

I think we completely lost sense of perspective with such numbers.

Think about it that way: 1 million seconds is a little over 11 days; 1 billion seconds is over 31 years. Do you see the difference better?

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By *inky_couple2020Couple
over a year ago

North West


"Yes. Some fortunes make absolutely no sense at the scale of an individual. What would you do with 1 billion? Let alone hundred billions like some have.

I think we completely lost sense of perspective with such numbers.

Think about it that way: 1 million seconds is a little over 11 days; 1 billion seconds is over 31 years. Do you see the difference better?"

You speak (type) sense

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By *ed VoluptaWoman
over a year ago

Wirral.


"Are you in favour of taxing the ultra rich? "

How?

I just think everyone should pay the correct amount of tax, regardless of rich or poor

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By (user no longer on site)
over a year ago

Eat the rich!

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By *dquestCouple
over a year ago

Peterborough

The rich make the economy... no matter how tasty they might be.

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By (user no longer on site)
over a year ago


"The rich make the economy... no matter how tasty they might be."

Do they? How?

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By *ustme34Man
over a year ago

Bradford

Id be happy with 30% of their tax money

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By (user no longer on site)
over a year ago


"Are you in favour of taxing the ultra rich?

How?

I just think everyone should pay the correct amount of tax, regardless of rich or poor "

Exactly, the biggest problem we have is tax avoidance, not tax levels.

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By *ananabrumMan
over a year ago

castle bromwich


"Yes. Some fortunes make absolutely no sense at the scale of an individual. What would you do with 1 billion? Let alone hundred billions like some have.

I think we completely lost sense of perspective with such numbers.

Think about it that way: 1 million seconds is a little over 11 days; 1 billion seconds is over 31 years. Do you see the difference better?"

I'm guessing you don't inderstand the difference between net value and liquid assets

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By *olly_chromaticTV/TS
over a year ago

Stockport

It's a tricky question. But there are some people in the world that have so much money that without even doing anything it accumulates faster than they can possibly spend it. Imagine being able to spend a million pounds a day, every single day, and at the end of each day still being richer than at the start of it. That is the reality for the very few.

Meanwhile there are plenty of the many that have to choose between food or warmth, they cannot have both.

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By (user no longer on site)
over a year ago


"Id be happy with 30% of their tax money "

And me.

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By *otSoPoshWoman
over a year ago

In a ball gown because that's how we roll in N. Devon


"Are you in favour of taxing the ultra rich?

How?

I just think everyone should pay the correct amount of tax, regardless of rich or poor "

Absolutely this

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By *ed VoluptaWoman
over a year ago

Wirral.


"Are you in favour of taxing the ultra rich?

How?

I just think everyone should pay the correct amount of tax, regardless of rich or poor

Exactly, the biggest problem we have is tax avoidance, not tax levels."

And taxing the rich a much greater percentage (wasn't it 80% at some point?) is not the answer.

Closing the loopholes is

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By (user no longer on site)
over a year ago

To show how corrupt this world is, we have fines as a deterrent yet they are fixed and not on a sliding scale based on wealth. This adversely punishes the poor yet leaves the rich free to choose which laws they would like to trample over for a small fee.

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By *luttTV/TS
over a year ago

Duns


"Are you in favour of taxing the ultra rich?

How?

I just think everyone should pay the correct amount of tax, regardless of rich or poor

Exactly, the biggest problem we have is tax avoidance, not tax levels.

And taxing the rich a much greater percentage (wasn't it 80% at some point?) is not the answer.

Closing the loopholes is "

This ^

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By (user no longer on site)
over a year ago


"Yes. Some fortunes make absolutely no sense at the scale of an individual. What would you do with 1 billion? Let alone hundred billions like some have.

I think we completely lost sense of perspective with such numbers.

Think about it that way: 1 million seconds is a little over 11 days; 1 billion seconds is over 31 years. Do you see the difference better?

I'm guessing you don't inderstand the difference between net value and liquid assets"

I do. Bernard Arnault, France’s richest man and currently third richest man on the planet, is worth 155 billion dollars. The vast majority is shares, yes. But even if you were to consider that LVMH shares are illiquid (which they are not), 9 of these 155 billions are cash (estimation based on the dividends paid on the shares he owns, figures which are public since they are publicly traded companies). 9 billions is enough to sustain the most lavish of lifestyles for the rest of his days. So what difference do the other 146 billions make to him apart from a number in a book?

Wouldn’t they be better spread equitably between all the employees of his industrial group many of which would probably benefit from an increase in their standard of living and feeding the real economy with it?

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By *ig_eric_tionMan
over a year ago

IPSWICH

I may stand corrected on this but apparently. If everyone paid the tax they owe everyone would pay 75% less.

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By *ecadent_DevonMan
over a year ago

Okehampton

The sad fact is that for much of human history the majority have worked for the enrichment of the elite.

It is more “visible” now because of the media outlets we have.

I often think that modern life is like a twisted version of the matrix. The majority (billions of people) work to enrich the few (the billionaires). We have sleep-walked into a paradigm of rampant consumerism catalysed by “fear of missing out” (latter day “keeping up with the Jones”)

Once you understand that you are a battery for billionaires you may realise that through your actions and behaviours you are the one (collectively) that has given them power. Only you can change it. Or wait for the iPhone 14, your choice.

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By (user no longer on site)
over a year ago


"Are you in favour of taxing the ultra rich?

How?

I just think everyone should pay the correct amount of tax, regardless of rich or poor

Exactly, the biggest problem we have is tax avoidance, not tax levels."

The problem is a bit of both. But I agree that tax avoidance should take priority and would already make a great deal of difference. Defining fair levels is more philosophical and a bit pointless if people don’t pay their share anyway.

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By *dquestCouple
over a year ago

Peterborough

Consumption tax is the most fair. If you spend more (on a mega yacht) you pay more. But, think everyone should pay some small tax to have skin in the game.

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By *ed VoluptaWoman
over a year ago

Wirral.


"Are you in favour of taxing the ultra rich?

How?

I just think everyone should pay the correct amount of tax, regardless of rich or poor

Exactly, the biggest problem we have is tax avoidance, not tax levels.

The problem is a bit of both. But I agree that tax avoidance should take priority and would already make a great deal of difference. Defining fair levels is more philosophical and a bit pointless if people don’t pay their share anyway."

I agree with you.

In an ideal world, everyone would pay income tax, but at a much lower level than we do now. But I don't think it is in the interests of the government to clamp down on tax avoidance. And when Labour are in power, they seem incapable of doing it & insist on punitive tax rates for higher earners, thus creating tax exiles.

Everyone pay their taxes at the same rate would be ideal.

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By *heVonMatterhornsCouple
over a year ago

Lincoln

I'm not weighing in either way but just for fun, Google "Jeff Bezoes Wealth Infographic" and click the first link. Slightly mind blowing

LvM

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By (user no longer on site)
over a year ago


"I'm not weighing in either way but just for fun, Google "Jeff Bezoes Wealth Infographic" and click the first link. Slightly mind blowing

LvM"

I just did... Yes it does.

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By *stbury DavenportMan
over a year ago

Nottingham

Tax the rich until they're not rich any more.

Do it on a global scale so they can't run away.

No excuse for this level inequality.

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By *dam_TinaCouple
over a year ago

Hampshire


"Tax the rich until they're not rich any more.

Do it on a global scale so they can't run away.

No excuse for this level inequality. "

Great plan. Make it so that nobody has any incentive to work hard, open businesses, take risks, create jobs

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By *alandNitaCouple
over a year ago

Scunthorpe


"Are you in favour of taxing the ultra rich?

How?

I just think everyone should pay the correct amount of tax, regardless of rich or poor

Exactly, the biggest problem we have is tax avoidance, not tax levels.

And taxing the rich a much greater percentage (wasn't it 80% at some point?) is not the answer.

Closing the loopholes is "

Reducing the levels of tax for the rich is also not the answer though... which is something our current government keeps doing. How ridiculous is it to increase national insurance, reduce benefits, and then give a tax break to those with loads-of-money?

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By *stbury DavenportMan
over a year ago

Nottingham


"Tax the rich until they're not rich any more.

Do it on a global scale so they can't run away.

No excuse for this level inequality.

Great plan. Make it so that nobody has any incentive to work hard, open businesses, take risks, create jobs "

Try again when you understand the just-world fallacy.

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By *alandNitaCouple
over a year ago

Scunthorpe


"Tax the rich until they're not rich any more.

Do it on a global scale so they can't run away.

No excuse for this level inequality.

Great plan. Make it so that nobody has any incentive to work hard, open businesses, take risks, create jobs "

To be fair, you don't become a billionaire be working hard. You become a billionaire be making lots of others work hard and taking the rewards for THEIR hard work. I personally believe that nobody requires a million pound salary, but even at a million pounds a year (tax free) it would take a thousand years to become a billionaire.

Cal

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By *dam_TinaCouple
over a year ago

Hampshire


"Tax the rich until they're not rich any more.

Do it on a global scale so they can't run away.

No excuse for this level inequality.

Great plan. Make it so that nobody has any incentive to work hard, open businesses, take risks, create jobs

Try again when you understand the just-world fallacy. "

Patronising much ?

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By (user no longer on site)
over a year ago

The rich are already on the highest tax slabs in most countries. The reason why people feel that they are not "paying their fair share" is simply because most of their money are invested in something which raises in value.

If I buy stocks in a company today and it's value doubles over the year, I don't pay tax for my profit "yet". If I sell it next year, I pay tax on the overall capital gains I made by selling them, which is fair enough.

Most rich people have their money in such investments, the value of which keeps raising but they don't pay tax until they sell them. So increasing tax % on the rich is not going to affect them at all. It will only drive people away from entrepreneurship and fuck the economy eventually.

What could be changed? Capital gains tax is UK is just 20% while income tax is higher for most salary ranges. I don't see a reason why capital gains are not taxed at same level as income tax.

Another necessary change is finding a way to stop corporations from redirecting their profits to countries with less corporate tax and hence not paying tax in countries where they actually make profit.

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By (user no longer on site)
over a year ago


"Tax the rich until they're not rich any more.

Do it on a global scale so they can't run away.

No excuse for this level inequality.

Great plan. Make it so that nobody has any incentive to work hard, open businesses, take risks, create jobs

To be fair, you don't become a billionaire be working hard. You become a billionaire be making lots of others work hard and taking the rewards for THEIR hard work. I personally believe that nobody requires a million pound salary, but even at a million pounds a year (tax free) it would take a thousand years to become a billionaire.

Cal"

Most billionaires in the top 10 worked their ass off at some point in their lives and took big risks. In fact many people in the world take those risks. But it pays off for a very few and those are the billionaires.

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By (user no longer on site)
over a year ago

No the rich have worked their ass off to become just that.

The rich pay wages.

The rich prop up the economy.

So what if someone has done well for them selves why should that person be penalised for doing so.

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By (user no longer on site)
over a year ago

By the way, this whole "1% of population owns 30% of money" is based on a classic armchair socialist argument based on the assumption that wealth is a zero sum game. But it's not.

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By *den-Valley-coupleCouple
over a year ago

Cumbria


"Are you in favour of taxing the ultra-rich? "

You could level things out it will only happen again the system is broken.

With a heavy heart, we need the drive the ultra-rich have to push human society forward.

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By (user no longer on site)
over a year ago


"Tax the rich until they're not rich any more.

Do it on a global scale so they can't run away.

No excuse for this level inequality.

Great plan. Make it so that nobody has any incentive to work hard, open businesses, take risks, create jobs

To be fair, you don't become a billionaire be working hard. You become a billionaire be making lots of others work hard and taking the rewards for THEIR hard work. I personally believe that nobody requires a million pound salary, but even at a million pounds a year (tax free) it would take a thousand years to become a billionaire.

Cal"

So, why does everyone not do that that, ie get others to work hard? Easier said than done thats why.

Through work I've met hundreds over the years that can work but can give a fuck to work as life is easy with a free coucil, housing association house, money coming in every week, they only pay part of the coucil tax with taxpayers money and quiet a few of them lie and lie to get a disaiblity benefit. To be vry CLEAR I an not refeering to the vast majority of genuine claminats fo all benefits.

I am fucked off a bit where thos in the middle ie like the majority here i guess work, worked hard to get a pension eraly pension, still pay taxes, pay their road taxes, car insurance full coucil tax, pay a mortgage, and or pay rent etc pay their bills and are fucked if they are unwell and need a prescription EH about 10 pounds a prescription.

Someone we know worked hard often 50 hours a week for many years, paid their mortgage had a nice house wife worked 40 to 50 hours and rarely had a holiday wanting their children to have a better life easier start and not be a burden on social housing so they could buy their own - both became very unwell and one is in a home and other will be there soon - cositng one of them 6k a month in the home - he is expected to pass away in a few months by the time they are gone house sold, there won't be anyhting left. I recall him saying if he lived in a rented proeprty they would have been better off as no worries about the coucil fitting new windows, new heating fixing the heating leaking roof etc.

By all means ensure the bigger compaines do not evade taxes as like some very rich people but by chatting about taxing the rick often means fucking up people in the middle ie the ordinary tax payers

Never forget the mother fuckers about 50 years ago in number ten were taxing people up to 99p in the pounds and many left the uk so where did that get us.

Get the lazy bastards ie those that can work but dont want to to work as there are many jobs out there in many parts of the uk especially London that has a population of close to 9 mill i thing

FYI, please do not try to misquote me as at no time I'm talking about the genuine claimants or taxpayers rich or otherwise.

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By (user no longer on site)
over a year ago


"Tax the rich until they're not rich any more.

Do it on a global scale so they can't run away.

No excuse for this level inequality.

Great plan. Make it so that nobody has any incentive to work hard, open businesses, take risks, create jobs

To be fair, you don't become a billionaire be working hard. You become a billionaire be making lots of others work hard and taking the rewards for THEIR hard work. I personally believe that nobody requires a million pound salary, but even at a million pounds a year (tax free) it would take a thousand years to become a billionaire.

Cal

So, why does everyone not do that that, ie get others to work hard? Easier said than done thats why.

Through work I've met hundreds over the years that can work but can give a fuck to work as life is easy with a free coucil, housing association house, money coming in every week, they only pay part of the coucil tax with taxpayers money and quiet a few of them lie and lie to get a disaiblity benefit. To be vry CLEAR I an not refeering to the vast majority of genuine claminats fo all benefits.

I am fucked off a bit where thos in the middle ie like the majority here i guess work, worked hard to get a pension eraly pension, still pay taxes, pay their road taxes, car insurance full coucil tax, pay a mortgage, and or pay rent etc pay their bills and are fucked if they are unwell and need a prescription EH about 10 pounds a prescription.

Someone we know worked hard often 50 hours a week for many years, paid their mortgage had a nice house wife worked 40 to 50 hours and rarely had a holiday wanting their children to have a better life easier start and not be a burden on social housing so they could buy their own - both became very unwell and one is in a home and other will be there soon - cositng one of them 6k a month in the home - he is expected to pass away in a few months by the time they are gone house sold, there won't be anyhting left. I recall him saying if he lived in a rented proeprty they would have been better off as no worries about the coucil fitting new windows, new heating fixing the heating leaking roof etc.

By all means ensure the bigger compaines do not evade taxes as like some very rich people but by chatting about taxing the rick often means fucking up people in the middle ie the ordinary tax payers

Never forget the mother fuckers about 50 years ago in number ten were taxing people up to 99p in the pounds and many left the uk so where did that get us.

Get the lazy bastards ie those that can work but dont want to to work as there are many jobs out there in many parts of the uk especially London that has a population of close to 9 mill i thing

FYI, please do not try to misquote me as at no time I'm talking about the genuine claimants or taxpayers rich or otherwise."

Brilliant post

I was invited to be a partner in some start-ups which my friends started. One of them is doing very well and he is super rich. When I said no to them, I was very well aware that working in a start-up means a lot of sacrifice and hard work. I am a 9-6 guy who prefers work life balance. I make decent money and I am happy with that. My friend who worked his ass off is super rich. I am happy for him. He deserves every bit of it.

The whole idea that the rich got all their money without working hard is applicable only for the ones with only inherited wealth and not the ones who made most money themselves.

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By (user no longer on site)
over a year ago

Thnk you @ lostindreams

You too have made a great post.

We too have family/friends none given a penny, they run bunsieses and gosh the hours they work I could never do that and the rsiks they took EG, mortgaged their home etc and not every business succeeds.

Thank you

Btw for all, me and Tej both took early retirment about 8 years ago, we'd paid of our mortge but we are stuggling a bit ie the saving are coming to a redline we've drawn and we mboth may work a couple of days a week for a couple of months that will take us to the paye limits - in and around london and in kent and other farming areas jobs re farming, hgv, delverly drivers, psv drivers, odd jobs, shop workers, warehouse workers they are begging for people as those in the airline food business.

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By *immyinreadingMan
over a year ago

henley on thames


"Are you in favour of taxing the ultra rich?

How?

I just think everyone should pay the correct amount of tax, regardless of rich or poor

Exactly, the biggest problem we have is tax avoidance, not tax levels.

And taxing the rich a much greater percentage (wasn't it 80% at some point?) is not the answer.

Closing the loopholes is "

Agreed. But it’s complicated. Many “loopholes” are tax breaks that were introduced to encourage people to do certain things, and many investors have their money in the uk because of leniency. Clamping down completely, in one step, would have a drastic impact on London in particular.

And the big question when it comes to taxing the ultra-rich, is how to do so, as they have such mobility.

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By *alandNitaCouple
over a year ago

Scunthorpe


"Tax the rich until they're not rich any more.

Do it on a global scale so they can't run away.

No excuse for this level inequality.

Great plan. Make it so that nobody has any incentive to work hard, open businesses, take risks, create jobs

To be fair, you don't become a billionaire be working hard. You become a billionaire be making lots of others work hard and taking the rewards for THEIR hard work. I personally believe that nobody requires a million pound salary, but even at a million pounds a year (tax free) it would take a thousand years to become a billionaire.

Cal

-----

So, why does everyone not do that that, ie get others to work hard? Easier said than done thats why."

Very few become wealthy starting from nothing, they usually have wealth to get them going in the first place. The bigger issue though, is the jump from running a successful business to becoming "super rich" is based around exploitation of the workers. Whether it is using foreign factories to create a super cheap workforce, or running their business with staff on Zero Hour contracts or Pseudo Self-Employment through the Gig Economy, it is all about maximising profit at all costs...

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By *melia DominaTV/TS
over a year ago

Edinburgh (She/Her)

There are approximately 10-20 individuals that control the world and it's wealth.

From governments to people. They control everything that happens

A special clubs that nobody thinks exists.

If they took their trillions and billions of pounds and gave it all away, everyone in the world would have a minimum standard of living.

Every one would be equal...

But humans by nature a greedy materialistic creatures.

The only way humans would or could live together in peace and without prejudice is if the world exploded and the species was eradicated..

Happy Sunday thoughts

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By (user no longer on site) OP   
over a year ago


"There are approximately 10-20 individuals that control the world and it's wealth.

From governments to people. They control everything that happens

A special clubs that nobody thinks exists.

If they took their trillions and billions of pounds and gave it all away, everyone in the world would have a minimum standard of living.

Every one would be equal...

But humans by nature a greedy materialistic creatures.

The only way humans would or could live together in peace and without prejudice is if the world exploded and the species was eradicated..

Happy Sunday thoughts "

How do you know of this club? Who are the 10 or 20 individuals? Is it 10 or 20?

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By *wisted999Man
over a year ago

North Bucks

I’m in favour of everyone paying a fair rate of tax.

Close the loopholes.

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By (user no longer on site)
over a year ago

Money doesnt really make sense does it. It's all just an abstract number written down somewhere that defines how easy or not your life is. Pretend government debts are just a stick to beat us with. I dont believe any of it.

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By (user no longer on site) OP   
over a year ago


"Money doesnt really make sense does it. It's all just an abstract number written down somewhere that defines how easy or not your life is. Pretend government debts are just a stick to beat us with. I dont believe any of it. "

Are you an advocate for Universal income?

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By *immyinreadingMan
over a year ago

henley on thames


"There are approximately 10-20 individuals that control the world and it's wealth.

From governments to people. They control everything that happens

A special clubs that nobody thinks exists.

If they took their trillions and billions of pounds and gave it all away, everyone in the world would have a minimum standard of living.

Every one would be equal...

But humans by nature a greedy materialistic creatures.

The only way humans would or could live together in peace and without prejudice is if the world exploded and the species was eradicated..

Happy Sunday thoughts "

Referring to them as a “club” is convenient but missed the point. They may have some shared interests, but they are not operating as a single entity. The “club” idea just feeds the fantasy of some hidden evil empire.

And if those 20 simply gave away their wealth we would all have an equal standard of living? No we wouldn’t.

And if we all had equal income or wealth globally, you do realise that that would mean a collosal cut for the average person in the uk, don’t you?

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By (user no longer on site)
over a year ago


"Tax the rich until they're not rich any more.

Do it on a global scale so they can't run away.

No excuse for this level inequality.

Great plan. Make it so that nobody has any incentive to work hard, open businesses, take risks, create jobs

To be fair, you don't become a billionaire be working hard. You become a billionaire be making lots of others work hard and taking the rewards for THEIR hard work. I personally believe that nobody requires a million pound salary, but even at a million pounds a year (tax free) it would take a thousand years to become a billionaire.

Cal

-----

So, why does everyone not do that that, ie get others to work hard? Easier said than done thats why.

Very few become wealthy starting from nothing, they usually have wealth to get them going in the first place. The bigger issue though, is the jump from running a successful business to becoming "super rich" is based around exploitation of the workers. Whether it is using foreign factories to create a super cheap workforce, or running their business with staff on Zero Hour contracts or Pseudo Self-Employment through the Gig Economy, it is all about maximising profit at all costs...

"

There are plenty who have become wealthy starting from nothing. Look at the top 10 rich people now and you will see that around half of them were not millionaires to begin with. If you want to complain about exploitative business practices, you need to check with the relevant governments to see why they don't protect their people from it. Taxing the rich is not going to solve the problem. Anyway, what did Google or Microsoft do to exploit workers? They mostly run software business.

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By (user no longer on site)
over a year ago


"There are approximately 10-20 individuals that control the world and it's wealth.

From governments to people. They control everything that happens

A special clubs that nobody thinks exists.

If they took their trillions and billions of pounds and gave it all away, everyone in the world would have a minimum standard of living.

Every one would be equal...

But humans by nature a greedy materialistic creatures.

The only way humans would or could live together in peace and without prejudice is if the world exploded and the species was eradicated..

Happy Sunday thoughts "

Easy to say "If we take away their money" as long as it's someone else's money.

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By (user no longer on site)
over a year ago

It’s a matter of perspective. Visualising the obscenity of it is crazy. But look at it this way If you earned £5000/hr since the year 0 you would still fall short of Jeff Bezos’s fortune.

The recent NI rise which despite being widely misreported as 1.25% rise was actually a 10% hike ie if you paid £2500 in NI your new amount is an extra £250 this will generate £12bn. If you mandated a one off 10% tax on all those with over £100mil in the UK that would generate £69bn and they wouldn’t even notice.

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By *immyinreadingMan
over a year ago

henley on thames


"There are approximately 10-20 individuals that control the world and it's wealth.

From governments to people. They control everything that happens

A special clubs that nobody thinks exists.

If they took their trillions and billions of pounds and gave it all away, everyone in the world would have a minimum standard of living.

Every one would be equal...

But humans by nature a greedy materialistic creatures.

The only way humans would or could live together in peace and without prejudice is if the world exploded and the species was eradicated..

Happy Sunday thoughts

Easy to say "If we take away their money" as long as it's someone else's money."

And “everyone would be equal” is pure fantasy.

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By *alandNitaCouple
over a year ago

Scunthorpe


"Tax the rich until they're not rich any more.

Do it on a global scale so they can't run away.

No excuse for this level inequality.

Great plan. Make it so that nobody has any incentive to work hard, open businesses, take risks, create jobs

To be fair, you don't become a billionaire be working hard. You become a billionaire be making lots of others work hard and taking the rewards for THEIR hard work. I personally believe that nobody requires a million pound salary, but even at a million pounds a year (tax free) it would take a thousand years to become a billionaire.

Cal

-----

So, why does everyone not do that that, ie get others to work hard? Easier said than done thats why.

Very few become wealthy starting from nothing, they usually have wealth to get them going in the first place. The bigger issue though, is the jump from running a successful business to becoming "super rich" is based around exploitation of the workers. Whether it is using foreign factories to create a super cheap workforce, or running their business with staff on Zero Hour contracts or Pseudo Self-Employment through the Gig Economy, it is all about maximising profit at all costs...

There are plenty who have become wealthy starting from nothing. Look at the top 10 rich people now and you will see that around half of them were not millionaires to begin with. If you want to complain about exploitative business practices, you need to check with the relevant governments to see why they don't protect their people from it. Taxing the rich is not going to solve the problem. Anyway, what did Google or Microsoft do to exploit workers? They mostly run software business."

Bill Gates has actually been one of the better Billionaires, investing most of his personal wealth in charitable causes. Google on the other hand are continually on the receiving end of lawsuits by mistreated morkers.

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By *immyinreadingMan
over a year ago

henley on thames


"It’s a matter of perspective. Visualising the obscenity of it is crazy. But look at it this way If you earned £5000/hr since the year 0 you would still fall short of Jeff Bezos’s fortune.

The recent NI rise which despite being widely misreported as 1.25% rise was actually a 10% hike ie if you paid £2500 in NI your new amount is an extra £250 this will generate £12bn. If you mandated a one off 10% tax on all those with over £100mil in the UK that would generate £69bn and they wouldn’t even notice. "

And how would you levy that “one off” tax? Billionaires are mobile, and am is their money. Such a tax grab would mean that the majority of them would disappear overnight and we would get no tax at all from them in future.

When income tax went from 40 to 50 percent, one hedge find that I know well moved all of their asset managers to Switzerland. One firm, that you have probably never heard of, and that’s a loss of hundreds of millions per annum. This happens.

Punishment / envy taxes backfire. Lower tax rates bring in more investment and more high earners, so more tax

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By *immyinreadingMan
over a year ago

henley on thames


"Tax the rich until they're not rich any more.

Do it on a global scale so they can't run away.

No excuse for this level inequality.

Great plan. Make it so that nobody has any incentive to work hard, open businesses, take risks, create jobs

To be fair, you don't become a billionaire be working hard. You become a billionaire be making lots of others work hard and taking the rewards for THEIR hard work. I personally believe that nobody requires a million pound salary, but even at a million pounds a year (tax free) it would take a thousand years to become a billionaire.

Cal

-----

So, why does everyone not do that that, ie get others to work hard? Easier said than done thats why.

Very few become wealthy starting from nothing, they usually have wealth to get them going in the first place. The bigger issue though, is the jump from running a successful business to becoming "super rich" is based around exploitation of the workers. Whether it is using foreign factories to create a super cheap workforce, or running their business with staff on Zero Hour contracts or Pseudo Self-Employment through the Gig Economy, it is all about maximising profit at all costs...

There are plenty who have become wealthy starting from nothing. Look at the top 10 rich people now and you will see that around half of them were not millionaires to begin with. If you want to complain about exploitative business practices, you need to check with the relevant governments to see why they don't protect their people from it. Taxing the rich is not going to solve the problem. Anyway, what did Google or Microsoft do to exploit workers? They mostly run software business.

Bill Gates has actually been one of the better Billionaires, investing most of his personal wealth in charitable causes. Google on the other hand are continually on the receiving end of lawsuits by mistreated morkers."

Different thing really. Gates is an individual, Google is a company.

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By *den-Valley-coupleCouple
over a year ago

Cumbria

You can tax the rich all you want but there's no guarantee government will spend the money Wisley as what happened with communism under communism everybody was to be equal but some people were made very very rich.

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By (user no longer on site)
over a year ago

So if i work hard and do well...

i should share it with those who cant be arse to work... those who blame everything and anyone else for their lazyness & failings in life.

yet im the one whos taken risks, worked 15h days 7 days a week so i can afford to pay my 12 staff, grafted my arse off through open university to gain a degree and understanding in what i do?

It makes zero sense, my family came here from cyprus with nothing, they lost everything when the turkish took over, they came with a bag. My dad didnt sit on his arse and accept a life of hand outs and a council house, he grafted his arse off in farming and made a life for his family.

Ive done exactly the same grafted my arse off yes im very comfortable and successful but it hasnt come easy.

So again... why should i fall into labour's mentality & hand that to people who cant be arsed?

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By *iaisonseekerMan
over a year ago

Liverpool


"The sad fact is that for much of human history the majority have worked for the enrichment of the elite.

It is more “visible” now because of the media outlets we have.

I often think that modern life is like a twisted version of the matrix. The majority (billions of people) work to enrich the few (the billionaires). We have sleep-walked into a paradigm of rampant consumerism catalysed by “fear of missing out” (latter day “keeping up with the Jones”)

Once you understand that you are a battery for billionaires you may realise that through your actions and behaviours you are the one (collectively) that has given them power. Only you can change it. Or wait for the iPhone 14, your choice. "

The Matrix definitely works as an allegory of rampant consumerism. Most people know that the relentless acquisitive treadmill that we are on is a hollow simulacrum of a meaningful life but are too invested in it to step off.

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By (user no longer on site)
over a year ago


"Tax the rich until they're not rich any more.

Do it on a global scale so they can't run away.

No excuse for this level inequality.

Great plan. Make it so that nobody has any incentive to work hard, open businesses, take risks, create jobs

To be fair, you don't become a billionaire be working hard. You become a billionaire be making lots of others work hard and taking the rewards for THEIR hard work. I personally believe that nobody requires a million pound salary, but even at a million pounds a year (tax free) it would take a thousand years to become a billionaire.

Cal

-----

So, why does everyone not do that that, ie get others to work hard? Easier said than done thats why.

Very few become wealthy starting from nothing, they usually have wealth to get them going in the first place. The bigger issue though, is the jump from running a successful business to becoming "super rich" is based around exploitation of the workers. Whether it is using foreign factories to create a super cheap workforce, or running their business with staff on Zero Hour contracts or Pseudo Self-Employment through the Gig Economy, it is all about maximising profit at all costs...

There are plenty who have become wealthy starting from nothing. Look at the top 10 rich people now and you will see that around half of them were not millionaires to begin with. If you want to complain about exploitative business practices, you need to check with the relevant governments to see why they don't protect their people from it. Taxing the rich is not going to solve the problem. Anyway, what did Google or Microsoft do to exploit workers? They mostly run software business.

Bill Gates has actually been one of the better Billionaires, investing most of his personal wealth in charitable causes. Google on the other hand are continually on the receiving end of lawsuits by mistreated morkers."

Can you point me to lawsuits where Google was accused of mistreatment of workers?

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By (user no longer on site)
over a year ago


"So if i work hard and do well...

i should share it with those who cant be arse to work... those who blame everything and anyone else for their lazyness & failings in life.

yet im the one whos taken risks, worked 15h days 7 days a week so i can afford to pay my 12 staff, grafted my arse off through open university to gain a degree and understanding in what i do?

It makes zero sense, my family came here from cyprus with nothing, they lost everything when the turkish took over, they came with a bag. My dad didnt sit on his arse and accept a life of hand outs and a council house, he grafted his arse off in farming and made a life for his family.

Ive done exactly the same grafted my arse off yes im very comfortable and successful but it hasnt come easy.

So again... why should i fall into labour's mentality & hand that to people who cant be arsed?

"

Not just cant be arsed to work but living the easy life and most of the benefit cheats work on the side the odd day here and there cash in hand. These bastards are often better off the poor lot that work their arse off, work weekends rarely have time to spend with their family/kids, and hardly have anyhting left once mortgae/rents/bills paids.

Yet the bastards that don't want to work, work on the side have nothing offically to their name build up debts for the good life and dont pay a penny.

Please do NOT twist my comments as I'm not referring to the majority that are claiming benefits/housing/disability benefits for legitmate reasons.

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By (user no longer on site)
over a year ago

Robin Hood !

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By (user no longer on site)
over a year ago


"So if i work hard and do well...

i should share it with those who cant be arse to work... those who blame everything and anyone else for their lazyness & failings in life.

yet im the one whos taken risks, worked 15h days 7 days a week so i can afford to pay my 12 staff, grafted my arse off through open university to gain a degree and understanding in what i do?

It makes zero sense, my family came here from cyprus with nothing, they lost everything when the turkish took over, they came with a bag. My dad didnt sit on his arse and accept a life of hand outs and a council house, he grafted his arse off in farming and made a life for his family.

Ive done exactly the same grafted my arse off yes im very comfortable and successful but it hasnt come easy.

So again... why should i fall into labour's mentality & hand that to people who cant be arsed?

Not just cant be arsed to work but living the easy life and most of the benefit cheats work on the side the odd day here and there cash in hand. These bastards are often better off the poor lot that work their arse off, work weekends rarely have time to spend with their family/kids, and hardly have anyhting left once mortgae/rents/bills paids.

Yet the bastards that don't want to work, work on the side have nothing offically to their name build up debts for the good life and dont pay a penny.

Please do NOT twist my comments as I'm not referring to the majority that are claiming benefits/housing/disability benefits for legitmate reasons."

Exactly i grew up seeing people have nice cars, and go past nice houses ect yes its materialistic but whats wrong with wanting nice things. Thats the drive that made me strive for a enriched lifestyle. I could have gone down the route of quite afew i know 'dealing' & illegitimate gains but i wanted to succeed even if it meant working friday, sat nights to pay study fees while friends were out partying living the life and making so much more illegitimate cash during the week while my head was stuck in a book on mechanical physics

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By *alandNitaCouple
over a year ago

Scunthorpe


"Tax the rich until they're not rich any more.

Do it on a global scale so they can't run away.

No excuse for this level inequality.

Great plan. Make it so that nobody has any incentive to work hard, open businesses, take risks, create jobs

To be fair, you don't become a billionaire be working hard. You become a billionaire be making lots of others work hard and taking the rewards for THEIR hard work. I personally believe that nobody requires a million pound salary, but even at a million pounds a year (tax free) it would take a thousand years to become a billionaire.

Cal

-----

So, why does everyone not do that that, ie get others to work hard? Easier said than done thats why.

Very few become wealthy starting from nothing, they usually have wealth to get them going in the first place. The bigger issue though, is the jump from running a successful business to becoming "super rich" is based around exploitation of the workers. Whether it is using foreign factories to create a super cheap workforce, or running their business with staff on Zero Hour contracts or Pseudo Self-Employment through the Gig Economy, it is all about maximising profit at all costs...

There are plenty who have become wealthy starting from nothing. Look at the top 10 rich people now and you will see that around half of them were not millionaires to begin with. If you want to complain about exploitative business practices, you need to check with the relevant governments to see why they don't protect their people from it. Taxing the rich is not going to solve the problem. Anyway, what did Google or Microsoft do to exploit workers? They mostly run software business.

Bill Gates has actually been one of the better Billionaires, investing most of his personal wealth in charitable causes. Google on the other hand are continually on the receiving end of lawsuits by mistreated morkers.

Different thing really. Gates is an individual, Google is a company. "

Yes... but Google isn't A Billionaire either.

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By *iman2100Man
over a year ago

Glasgow

As an example, if we all shared in every penny Paul McCartney has we each would get around £12.

What would we do with it? Most likely buy some unnecessary plastic object made in China. In the mean time many of the charities and businesses that benefit from Paul's investments would close and hundreds would be jobless or without support.

The rich invest to provide jobs. There is a balance to be struck here.

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By *immyinreadingMan
over a year ago

henley on thames


"As an example, if we all shared in every penny Paul McCartney has we each would get around £12.

What would we do with it? Most likely buy some unnecessary plastic object made in China. In the mean time many of the charities and businesses that benefit from Paul's investments would close and hundreds would be jobless or without support.

The rich invest to provide jobs. There is a balance to be struck here. "

Only Uk people are sharing Paul’s money then? Across the world’s population it’s more like 10p each.

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By *immyinreadingMan
over a year ago

henley on thames


"Are you in favour of taxing the ultra rich? "

They are taxed.

I’m in favour of existing taxes actually being implemented effectively

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