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The 50% Tax Rate
Comments
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lostinrates wrote: »I agree re raising tax threshhold I think...but yes, foreign people DID ''flood'' into London. Football club ownership, big landmark businesses and housing etc....it would be much better if the taxation were changed to reflect this. A lot of that was political too. I also know and know of wealthy people from overseas who bought property in London and university cities with their children's future in mind. I mean, for example, I always thought to not grant Al Fayed citizen ship on the basis he was greasy and ''not nice'' was stupid, on the basis he would have had a LARGE tax bill to pay as a UK subject as opposed to a Swiss resident visit to run his businesses and indeed, his ''second homes'' in Enlgand and Scotland. I'm not sure how we tax, for example, homes used two weeks a year...but Knightbridge has a fair few on a high council tax rate. SWalk down Sloane St, and its not English chatter that fills the ears. And that's all good...if it can raise money for the coiffers IMO.
This is probably a core issue behind the point LIR.
You talk about London. Now I do still believe there is a part of the UK economy outside London (just).
I can well understand why someone on the 50% tax rate may still struggle in London, with high living costs, but they would enjoy a fairly comfortable life elsewhere in the UK.
It's like we have a one speed taxation policy and a two speed economy. London has long since detached itself from the same economic baseline as the rest of the country.0 -
This is probably a core issue behind the point LIR.
You talk about London. Now I do still believe there is a part of the UK economy outside London (just).
I can well understand why someone on the 50% tax rate may still struggle in London, with high living costs, but they would enjoy a fairly comfortable life elsewhere in the UK.
It's like we have a one speed taxation policy and a two speed economy. London has long since detached itself from the same economic baseline as the rest of the country.
Our home is outside london. People commute daily fro here....and further. An hour and a half or so each way. Londons reach and economic impact is a LOT broader than the m25. I don't thnk is true that 100k income out here neessarily makes for a great life...(though yes, it is COMFORTABLE, even in london IMO...just not super cmfortable) if you earn it like many do commuting etc0 -
So how are you suggesting the health effects of these should be paid and discouraged if not via alcohol, fuel or tobacco duty? Perhaps corporate taxes on the tobacco, petroleum and drinks companies? Providing the cost is passed onto the user so that it discourages them from using these products I suppose that is OK, but it has the same effect doesn't it?
I suppose the concept 'mind your own damned business' is outside your intellectual compass?
What gives you the right to impose your notions of how people should live their live their lives? Do you suppose that you are somehow gifted with superior knowledge or insight?
Experience teaches us that over the past 50 years - the past 13 in particular - obsessive state nannying has resulted in a far worse society than we had before. Of did you miss the riots?
[QUOTE=cepheus;46626831It_is_quite_clear_that_you_haven't_understood_the_concept_of_inequality._[/QUOTE]
And it is equally clear that your notion of equality results in the levelling down witnessed right across Eastern Europe until the fall of communism. You don't watn people 'equal' - you want them the same.
They are two quite different things.It is your narrow thinking which would generate a nightmare state, with citizens terrified to walk on the street at night, and security cameras and private police defending the property of the rich. If so don't worry, we are getting there, some US cities are there already.
This would be in the BBC version of the USA, would it? My experience of the USA is that outside the worst urban areas it is surprisingly
peaceful place with a very great deal more civility, less public drunkenness and random, brutal violence than is found in even country towns across the UK today.0 -
This would be in the BBC version of the USA, would it? My experience of the USA is that outside the worst urban areas it is surprisingly
peaceful place with a very great deal more civility, less public drunkenness and random, brutal violence than is found in even country towns across the UK today.
There's certainly more of a collective community spirit.0 -
Thrugelmir wrote: »There's certainly more of a collective community spirit.
There is. Which is rather ironic, really, isn't it?0 -
Fantasy figures. Income tax on that will be about £900 and NI will be £570. Then there'll be council tax.People at this point might say this is unfair, but lets look at how the current system works in the UK, if you earn the minimum wage (around £12,000 I think) you pay around £7,000 in tax!
But most food is on 0% VAT, as are rent, fares and water. Gas and electricity are 5%. And by the time you've paid for that lot, you won't have much left to buy anything else."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
I suppose the concept 'mind your own damned business' is outside your intellectual compass?
What gives you the right to impose your notions of how people should live their live their lives? Do you suppose that you are somehow gifted with superior knowledge or insight?
As far as I am concerned people can do what they want providing it doesn't affect others, but it nearly always does. We all suffer and pay for it, the form of drunken behavior, costs of the health service etc. We don't live in isolation. However the goverment exclude the experts who know that cheap drink and tobacco cause problems and expense for society, and ask the businesses instead!
With respect to superior knowledge, it helps if you actually study the evidence rather than the first thing which comes into your head or your isolated personal experience.Experience teaches us that over the past 50 years - the past 13 in particular - obsessive state nannying has resulted in a far worse society than we had before. Of did you miss the riots?
Strange because I drew the opposite conclusion, it was the exclusion of these societies which caused it. Certainly more unequal societies result in higher homocide rates and prison populations.
And it is equally clear that your notion of equality results in the levelling down witnessed right across Eastern Europe until the fall of communism. You don't watn people 'equal' - you want them the same.
They are two quite different things.
What brings you to the conclusion that I wan't everyone the same, a political tactic to discredit the evidence?
With regard to modern Russia, you are witnessing the image which Mr Putin (ex KGB) wants you to see. It is still a dictatorship facilitated through the media, with the Maf!a added in for good measure.This would be in the BBC version of the USA, would it? My experience of the USA is that outside the worst urban areas it is surprisingly peaceful place with a very great deal more civility, less public drunkenness and random, brutal violence than is found in even country towns across the UK today.
People who are more unequal tend live in relative close proximity in city areas so we would expect more problems, it merely verifies what I am saying. However, I question your claim that the rural US is any less violent than rural UK, do you have any evidence? I don't have data which exclude cities, but many violent states appear to be in the South and West.
http://www.dailyfinance.com/2010/04/05/most-dangerous-states-crime-rankings-for-2010/0 -
You were genuinely surprised when a collectivist/socialist government 'attacked freedom'?
That's quite impressive cognitive dissonance.
I suppose old Murdoch is a Commie as well
Tony Blair is the godfather to one of Rupert Murdoch's young children, according to a forthcoming edition of fashion magazine Vogue.
http://www.bbc.co.uk/news/uk-politics-14785501In the Vogue article, Mr Blair is reportedly described as "one of Murdoch's closest friends".'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Tom Logan, a self-confessed 'lookist' who runs some *ucking marketing company, said: "As a business leader the country depends on me to generate the wealth we need to get back on our feet, so that's why I employ lots of 26 year-old blonde women with firm, energetic breasts.
"In any other industry this could be ill-judged but because marketing is all total bull$hit anyway, my clients stick with me in the hope that we'll all go out and get drunk and they'll get a chance to !!!! one of my account executives.
"And yet I still have to pay 50% tax. It's criminal."
:rotfl::rotfl::rotfl::rotfl::rotfl:
http://www.thedailymash.co.uk/news/business/companies-prefer-to-go-bankrupt-with-really-good%11looking-staff-201109054267/0 -
StevieJ - The Mash has a good one on the Blair/Murdoch thing as well!
Blair to teach Murdoch's daughter how to lie0
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