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A new wonder of the world to be built in London
Comments
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Graduate emigration alone was 20%
The top 1% of earners pay a third of all the taxes.
The top 10% pay over half of all taxes.
Did graduates leave because of the tax system or leave because of perceived better opportunities,experiences and simply because it so much easier to do these days.
20% of emigration was graduates but only 10% pay half the tax. Would suggest that a good many graduates will not reach that bracket so they may as well move on.
If those 10% of earners object to paying the so much of the tax they could ensure that more paid their fair share by creating a more level playing field.
With continued immigration likely to hold pay down at the lower levels the tax burden is going to continue to build on the lesser numbers of higher paid.
How growing inequality bites you in the bum."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
The tax figures are for now. 50% of the top earners pay nearly all the tax. The student emigration and other people emigrating in the brain drain (1950-1970) was mostly due to tax especially when it was very high. (20% of graduates are much less than 10% of the work force). Highly skilled professionals were cauggt in the brain drain and left mostly for the US.grizzly1911 wrote: »Did graduates leave because of the tax system or leave because of perceived better opportunities,experiences and simply because it so much easier to do these days.
20% of emigration was graduates but only 10% pay half the tax. Would suggest that a good many graduates will not reach that bracket so they may as well move on.
If those 10% of earners object to paying the so much of the tax they could ensure that more paid their fair share by creating a more level playing field.
With continued immigration likely to hold pay down at the lower levels the tax burden is going to continue to build on the lesser numbers of higher paid.
How growing inequality bites you in the bum.
They tried to level the playing field before with poll tax. That didn't work out too well.0 -
They tried to level the playing field before with poll tax. That didn't work out too well.
Probably because they only levelled the tax bit.
Graduates will form a growing proportion of the workforce and are growingly unlikely to become high tax payers."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »Probably because they only levelled the tax bit.
Graduates will form a growing proportion of the workforce and are growingly unlikely to become high tax payers.
The majority of the ones leaving were from science, engineering and business backgrounds. They generally are higher rate tax payers even if not within the first few years after graduation.0 -
The majority of the ones leaving were from science, engineering and business backgrounds. They generally are higher rate tax payers even if not within the first few years after graduation.
Are they leaving for opportunities generally or purely because of a taxation regime?
Engineering in has always been undervalued in this country and relatively poorly paid. Much easier to make money playing the markets......"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »Are they leaving for opportunities generally or purely because of a taxation regime?
Engineering in has always been undervalued in this country and relatively poorly paid. Much easier to make money playing the markets......
I agree. Probably both. One or the other is the decider. The 50% rate of tax caused a reduction in intake as far as I am aware.0 -
I agree. Probably both. One or the other is the decider. The 50% rate of tax caused a reduction in intake as far as I am aware.
I don't think we will ever know for sure on the 50% bit. It was only in place for a very short period and allowed many of those affected to shuffle income either way.
I suspect that there are a number of high earners who still manage to mitigate their tax liabilities appropriately where ever the goal posts may be."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
vivatifosi wrote: »I really like it. Hadn't seen this thread till now so a bit late joining in. Conceptually it reminds me a bit of the High Line in New York and I like that too:
http://en.wikipedia.org/wiki/High_Line_(New_York_City)
Apparently that was influenced by a similar scheme in Paris.
Why does this link keep changing the last bracket black so it doesn't work ?Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0 -
No news of the garden bridge in the budget ?Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.0
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