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Rich people demand to be taxed!

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

So interestingly 30 millionaires signed a letter asking to be taxed more in the form of a wealth tax and tax increases on capital gains which would throw 70 billion into government coffers. But the government refuses to do that.

When the rich are asking to be taxed more, does it indicate that the current government are fiscally irresponsible?

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By *estivalMan
over a year ago

borehamwood


"So interestingly 30 millionaires signed a letter asking to be taxed more in the form of a wealth tax and tax increases on capital gains which would throw 70 billion into government coffers. But the government refuses to do that.

When the rich are asking to be taxed more, does it indicate that the current government are fiscally irresponsible?

"
if these 30 millionaires want to pay more tax im sure hmrc will gladly take watever extra they would like to pay,or do they only want to pay extra if other millionaires do to? It will be a cold day in hell before that happens

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By *azzy75Man
over a year ago

Houghton le Spring


"So interestingly 30 millionaires signed a letter asking to be taxed more in the form of a wealth tax and tax increases on capital gains which would throw 70 billion into government coffers. But the government refuses to do that.

When the rich are asking to be taxed more, does it indicate that the current government are fiscally irresponsible?

if these 30 millionaires want to pay more tax im sure hmrc will gladly take watever extra they would like to pay,or do they only want to pay extra if other millionaires do to? It will be a cold day in hell before that happens"

Sadly, it doesn't work like that. HMRC don't get to decide how to much to collect and who from. That responsibility lies with the Chancellor of the Exchequer. It has to be legislated for.

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By *azzy75Man
over a year ago

Houghton le Spring


"So interestingly 30 millionaires signed a letter asking to be taxed more in the form of a wealth tax and tax increases on capital gains which would throw 70 billion into government coffers. But the government refuses to do that.

When the rich are asking to be taxed more, does it indicate that the current government are fiscally irresponsible?

"

I notice that your comment is "30 millionaires" and not "30 billionaires". And herein lies the difference and illustrates where our government's priorities lie.

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By *ercuryMan
over a year ago

Grantham


"So interestingly 30 millionaires signed a letter asking to be taxed more in the form of a wealth tax and tax increases on capital gains which would throw 70 billion into government coffers. But the government refuses to do that.

When the rich are asking to be taxed more, does it indicate that the current government are fiscally irresponsible?

if these 30 millionaires want to pay more tax im sure hmrc will gladly take watever extra they would like to pay,or do they only want to pay extra if other millionaires do to? It will be a cold day in hell before that happens

Sadly, it doesn't work like that. HMRC don't get to decide how to much to collect and who from. That responsibility lies with the Chancellor of the Exchequer. It has to be legislated for. "

Exactly that. Some countries are starting to introduce an asset based wealth tax, in order to cover covid costs.

Lets wait until the budget to see what we propose to do. I'd like to think, that this is the moment to totally overhaul our outdated tax collection service.

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By *ostafunMan
over a year ago

near ipswich


"So interestingly 30 millionaires signed a letter asking to be taxed more in the form of a wealth tax and tax increases on capital gains which would throw 70 billion into government coffers. But the government refuses to do that.

When the rich are asking to be taxed more, does it indicate that the current government are fiscally irresponsible?

I notice that your comment is "30 millionaires" and not "30 billionaires". And herein lies the difference and illustrates where our government's priorities lie."
30 is a small % of millionaires in the uk.

The percentage of the UK population worth more than £1million has risen steadily.

Back in 2000 just 1.7% of Brits qualified. That rose to 3% in 2010 and 4.7% in 2020.

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By *irldnCouple
over a year ago

Brighton


"So interestingly 30 millionaires signed a letter asking to be taxed more in the form of a wealth tax and tax increases on capital gains which would throw 70 billion into government coffers. But the government refuses to do that.

When the rich are asking to be taxed more, does it indicate that the current government are fiscally irresponsible?

I notice that your comment is "30 millionaires" and not "30 billionaires". And herein lies the difference and illustrates where our government's priorities lie.30 is a small % of millionaires in the uk.

The percentage of the UK population worth more than £1million has risen steadily.

Back in 2000 just 1.7% of Brits qualified. That rose to 3% in 2010 and 4.7% in 2020."

Presumably much if that is due to rising property prices?

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By *ittleAcornMan
over a year ago

visiting the beach


"So interestingly 30 millionaires signed a letter asking to be taxed more in the form of a wealth tax and tax increases on capital gains which would throw 70 billion into government coffers. But the government refuses to do that.

When the rich are asking to be taxed more, does it indicate that the current government are fiscally irresponsible?

I notice that your comment is "30 millionaires" and not "30 billionaires". And herein lies the difference and illustrates where our government's priorities lie.30 is a small % of millionaires in the uk.

The percentage of the UK population worth more than £1million has risen steadily.

Back in 2000 just 1.7% of Brits qualified. That rose to 3% in 2010 and 4.7% in 2020.

Presumably much if that is due to rising property prices?

"

Owning a one bed flat in Hampstead puts you in that bracket...

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By *coptoCouple
over a year ago

Côte d'Azur & Great Yarmouth

"Back in 2000 just 1.7% of Brits qualified. That rose to 3% in 2010 and 4.7% in 2020" "Presumably much if that is due to rising property prices?"

Absolutely, and I'm not really surprised. Several, if not many, of our friends have a "property portfolio" to a value of more than a million quid: principal residence, holiday home, buy-to-rent etc.

Of course, how much is on mortgage and how much of this theoretical amount could be turned into hard cash is a different matter...

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By *ostafunMan
over a year ago

near ipswich


"So interestingly 30 millionaires signed a letter asking to be taxed more in the form of a wealth tax and tax increases on capital gains which would throw 70 billion into government coffers. But the government refuses to do that.

When the rich are asking to be taxed more, does it indicate that the current government are fiscally irresponsible?

I notice that your comment is "30 millionaires" and not "30 billionaires". And herein lies the difference and illustrates where our government's priorities lie.30 is a small % of millionaires in the uk.

The percentage of the UK population worth more than £1million has risen steadily.

Back in 2000 just 1.7% of Brits qualified. That rose to 3% in 2010 and 4.7% in 2020.

Presumably much if that is due to rising property prices?

Owning a one bed flat in Hampstead puts you in that bracket..."
exactly so 30 people is a very small ammount probably two of them are jeremy corbyn and john mcdonnell.

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

Percentage of millionaires has grown. Well done astute lucky people.

In that same period there had been a growth in poverty. Unlucky them.

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By *drianukMan
over a year ago

Spain, Lancs

One of the first things David Cameron did as PM was to introduce a form to make it easy for people to pay more tax to the Inland Revenue.

So people should use it if that's how they feel.

Apparently, as of 3 years ago, only 9 people had used it

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


"One of the first things David Cameron did as PM was to introduce a form to make it easy for people to pay more tax to the Inland Revenue.

So people should use it if that's how they feel.

Apparently, as of 3 years ago, only 9 people had used it "

Another quality idea from Cameron.

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By *drianukMan
over a year ago

Spain, Lancs


"One of the first things David Cameron did as PM was to introduce a form to make it easy for people to pay more tax to the Inland Revenue.

So people should use it if that's how they feel.

Apparently, as of 3 years ago, only 9 people had used it

Another quality idea from Cameron. "

Yes, he exposed the hypocrisy of his opponents. Exquisite!

Have you thought of paying more?

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


"One of the first things David Cameron did as PM was to introduce a form to make it easy for people to pay more tax to the Inland Revenue.

So people should use it if that's how they feel.

Apparently, as of 3 years ago, only 9 people had used it

Another quality idea from Cameron.

Yes, he exposed the hypocrisy of his opponents. Exquisite!

Have you thought of paying more?"

Have you thought about paying income tax in the UK?

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By *drianukMan
over a year ago

Spain, Lancs


"One of the first things David Cameron did as PM was to introduce a form to make it easy for people to pay more tax to the Inland Revenue.

So people should use it if that's how they feel.

Apparently, as of 3 years ago, only 9 people had used it

Another quality idea from Cameron.

Yes, he exposed the hypocrisy of his opponents. Exquisite!

Have you thought of paying more?

Have you thought about paying income tax in the UK? "

You pay tax where you are resident... double taxation treaty etc

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By *eroy1000Man
over a year ago

milton keynes


"One of the first things David Cameron did as PM was to introduce a form to make it easy for people to pay more tax to the Inland Revenue.

So people should use it if that's how they feel.

Apparently, as of 3 years ago, only 9 people had used it "

So if there is a method for the 30 people in question to pay more then what is the problem

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


"One of the first things David Cameron did as PM was to introduce a form to make it easy for people to pay more tax to the Inland Revenue.

So people should use it if that's how they feel.

Apparently, as of 3 years ago, only 9 people had used it

So if there is a method for the 30 people in question to pay more then what is the problem"

Because they are trying to get the government to tax everyone that is ‘rich’

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

It just doesn’t make sense, when some people who are blessed with good fortune want to do the decent thing and provide their fair share. Many people treat them like lunatics.

We gotta get over this idea that the rich are the enemy, they are equally concerned about the state of the nation and this government’s inability to make smart choices.

Government are banging on about a high wage, high skilled economy, then how the hell are they going to pay for it without the money from all social layers. It Irresponsible.

No good jumping on the populism bandwagon unless your going to go all the way government!

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By *eroy1000Man
over a year ago

milton keynes


"One of the first things David Cameron did as PM was to introduce a form to make it easy for people to pay more tax to the Inland Revenue.

So people should use it if that's how they feel.

Apparently, as of 3 years ago, only 9 people had used it

So if there is a method for the 30 people in question to pay more then what is the problem

Because they are trying to get the government to tax everyone that is ‘rich’ "

So I gather but still nothing stopping them paying more themselves if they really want to

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By *or Fox SakeCouple
over a year ago

Thornaby


"One of the first things David Cameron did as PM was to introduce a form to make it easy for people to pay more tax to the Inland Revenue.

So people should use it if that's how they feel.

Apparently, as of 3 years ago, only 9 people had used it

So if there is a method for the 30 people in question to pay more then what is the problem

Because they are trying to get the government to tax everyone that is ‘rich’

So I gather but still nothing stopping them paying more themselves if they really want to"

Funny you say that, try sending HMRC an extra couple of grand. They simply hand it back to you.

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By *ony 2016Man
over a year ago

Huddersfield /derby cinemas

The Government got a telling off in Parliament for leaking information about The Budget to the media ,MPs should be the first to hear The Budget as it is read out in Parliament by The Chancellor on Budget Day,The Speaker was quite rightly angry and allowed an urgent question,where MPs from Labour ,The LibDems Conservative and SNP were also upset at the lack of respect to Parliament and democracy shown by this Government , However if you didn't see the debate the funniest part was when Tory MP ,Swaine ,asked the MP who was trying to defend the indefensible(Sunak or Johnson were no where to be seen) why certain parts of the leaked budget were being kept secret , at which point Sunak's stand in said "I do not comment on leaked reports" to laughter from the MPs in The Chamber as he was actually refusing to comment on the leaked report which his boss leaked ,

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By *ony 2016Man
over a year ago

Huddersfield /derby cinemas


"The Government got a telling off in Parliament for leaking information about The Budget to the media ,MPs should be the first to hear The Budget as it is read out in Parliament by The Chancellor on Budget Day,The Speaker was quite rightly angry and allowed an urgent question,where MPs from Labour ,The LibDems Conservative and SNP were also upset at the lack of respect to Parliament and democracy shown by this Government , However if you didn't see the debate the funniest part was when Tory MP ,Swaine ,asked the MP who was trying to defend the indefensible(Sunak or Johnson were no where to be seen) why certain parts of the leaked budget were being kept secret , at which point Sunak's stand in said "I do not comment on leaked reports" to laughter from the MPs in The Chamber as he was actually refusing to comment on the leaked report which his boss leaked ,

"
. Sorry this meant to go on the budget page

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

I don't get what people are complaining about .If you want to give more money to this government they already have way to do it.

https://www.gov.uk/guidance/voluntary-payments-donations-to-government

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By *irldnCouple
over a year ago

Brighton

They are making an ethical point. The richest in society can do a bit more (and can afford to do a bit more) to help the poorest.

I would say the sticky point is defining where “the line is” that determines what you can afford and what “a bit” is.

I find the concept if a wealth tax confusing as in all likelihood it will be the middle earners (that may have “property wealth”) who get squeezed again as the rich and super rich will exploit mechanisms to avoid paying (such as holding property via offshore companies and setting up trust funds).

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By *eroy1000Man
over a year ago

milton keynes


"One of the first things David Cameron did as PM was to introduce a form to make it easy for people to pay more tax to the Inland Revenue.

So people should use it if that's how they feel.

Apparently, as of 3 years ago, only 9 people had used it

So if there is a method for the 30 people in question to pay more then what is the problem

Because they are trying to get the government to tax everyone that is ‘rich’

So I gather but still nothing stopping them paying more themselves if they really want to

Funny you say that, try sending HMRC an extra couple of grand. They simply hand it back to you.

"

In the past that was true but according to others there is a system for giving more money now without it being handed back. Not sure how many of these 30 people have used this system

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By *ittleAcornMan
over a year ago

visiting the beach


"One of the first things David Cameron did as PM was to introduce a form to make it easy for people to pay more tax to the Inland Revenue.

So people should use it if that's how they feel.

Apparently, as of 3 years ago, only 9 people had used it

So if there is a method for the 30 people in question to pay more then what is the problem

Because they are trying to get the government to tax everyone that is ‘rich’

So I gather but still nothing stopping them paying more themselves if they really want to

Funny you say that, try sending HMRC an extra couple of grand. They simply hand it back to you.

In the past that was true but according to others there is a system for giving more money now without it being handed back. Not sure how many of these 30 people have used this system

"

It would probably be better for the economy to donate it to an active charity that was using the money directly in the community.

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By *eroy1000Man
over a year ago

milton keynes


"One of the first things David Cameron did as PM was to introduce a form to make it easy for people to pay more tax to the Inland Revenue.

So people should use it if that's how they feel.

Apparently, as of 3 years ago, only 9 people had used it

So if there is a method for the 30 people in question to pay more then what is the problem

Because they are trying to get the government to tax everyone that is ‘rich’

So I gather but still nothing stopping them paying more themselves if they really want to

Funny you say that, try sending HMRC an extra couple of grand. They simply hand it back to you.

In the past that was true but according to others there is a system for giving more money now without it being handed back. Not sure how many of these 30 people have used this system

It would probably be better for the economy to donate it to an active charity that was using the money directly in the community."

Your probably right. It does seem though its the government they want to give it too though not enough to use the available methods

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By *drianukMan
over a year ago

Spain, Lancs


"One of the first things David Cameron did as PM was to introduce a form to make it easy for people to pay more tax to the Inland Revenue.

So people should use it if that's how they feel.

Apparently, as of 3 years ago, only 9 people had used it

So if there is a method for the 30 people in question to pay more then what is the problem

Because they are trying to get the government to tax everyone that is ‘rich’

So I gather but still nothing stopping them paying more themselves if they really want to

Funny you say that, try sending HMRC an extra couple of grand. They simply hand it back to you.

In the past that was true but according to others there is a system for giving more money now without it being handed back. Not sure how many of these 30 people have used this system

It would probably be better for the economy to donate it to an active charity that was using the money directly in the community.

Your probably right. It does seem though its the government they want to give it too though not enough to use the available methods"

Next time you hear someone call for higher taxes, tell them about this scheme and offer to print them a form off.

It's always nice to help people

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