Is it possible to become a millionaire (or near to) through investments?

BananaRepublic

Glen_Clark wrote: »

I'll try and explain it more simply because I can see you are a bit thick
My comments related to Thatcher's friendship with Sir Jimmy Savile OBE KCSG, and her Home Secretary losing the dossier on pedophilia in the Government etc. None of that makes me me left wing. In fact I believe in the free market, unlike G Osborne who continually intervenes in the housing market.

Your political rants and persoanl abuse directed at politicians have little relevance to the thread. As to the personal abuse directed at me, I have reported it to the moderators.

Glen_Clark

Apodemus wrote: »

Each to their own. I'll concede that for some people their income tax might be highly visible. Personally I can only know with hindsight the tax on additional pound earned, where I can know with certainty the VAT on a purchase before it is made. However, in my view neither Income Tax nor VAT are stealth taxes.

Well income tax is certainly not a stealth tax, at least for the overwhelming majority who either get a pay slip, or are 'self employed' and get a hefty bill. In my view a stealth tax is any tax which is added on to something you buy, which for the majority of people who don't get and examine vat receipts, feels like its payment for the goods they bought. It can be vat, or even more hidden like the tax on sand dredged from offshore which goes to Her Unelected Majesty the Queen, and is added to the cost of our buildings, roads, glass, etc etc.

BananaRepublic

Glen_Clark wrote: »

Now you are changing the subject.
I was trying to explain I am not a 'leftie' as BananaRepublic wrongly stated..

That is factually incorrect. I said "You do like your leftie rants." You have posted a number of left wing political rants that have nothing to do with the thread. Now what do you have to say that relates to the thread title?

Glen_Clark

BananaRepublic wrote: »

That is factually incorrect. I said "You do like your leftie rants." You have posted a number of left wing political rants that have nothing to do with the thread. Now what do you have to say that relates to the thread title?

Oh Dear. Did you report yourself as well?
Now what do you have you to say that shows what I have said to be 'leftie'?
As understand it, 'leftie' is intervention in the free market which is what G.Osborne does with the housing market, and I took issue with.

BananaRepublic

Glen_Clark wrote: »

Well income tax is certainly not a stealth tax, at least for the overwhelming majority who either get a pay slip, or are 'self employed' and get a hefty bill. In my view a stealth tax is any tax which is added on to something you buy, which for the majority of people who don't get and examine vat receipts, feels like its payment for the goods they bought. It can be vat, or even more hidden like the tax on sand dredged from offshore which goes to Her Unelected Majesty the Queen, and is added to the cost of our buildings, roads, glass, etc etc.

Your little argument started when you stated that VAT was a stealth tax. It is most certainly not a stealth tax as it is extremely visible. An example of a stealth tax is employer's NI as it is not seen by most people. Another example is pension fund tax credit on dividends. It so happens that Brown increased both, read into that what you will. The latter is relevant to this thread as it reduces pension fund growth. The recent changes to the state pension mean that I will retire on £8,000 pa (or the equivalent inflation adjusted value when I retire) rather than £14,000 under the old rules. That £14,000 is roughly equivalent to a pension pot of £400,000.

BananaRepublic

Glen_Clark wrote: »

Oh Dear. Did you report yourself as well?
Now what do you have you to say that shows what I have said to be 'leftie'?
As understand it, 'leftie' is intervention in the free market which is what G.Osborne does with the housing market, and I took issue with.

Now what do you have to say that is relevant to this thread?

Glen_Clark

BananaRepublic wrote: »

Now what do you have to say that is relevant to this thread?

You continue to ignore my request to identify what I said that is leftie, so I may as well give up on that I suppose.
Unlike you, I will answer reasonable questions. G Osborne's interventions in the housing market are relevant to this thread title because they are how landlords have made £millions.

Glen_Clark

BananaRepublic wrote: »

pension fund tax credit on dividends. It so happens that Brown increased both.

True, but I am not going to accuse you of a left/right wing political rant for pointing that out.

BananaRepublic

Glen_Clark wrote: »

You continue to ignore my request to identify what I said that is leftie, so I may as well give up on that I suppose.
Unlike you, I will answer reasonable questions. G Osborne's interventions in the housing market are relevant to this thread title because they are how landlords have made £millions.

You fill the thread with text that is irrelevant such as remarks on Jimmy Savile.

Glen_Clark

BananaRepublic wrote: »

You fill the thread with text that is irrelevant such as remarks on Jimmy Savile.

you think that's 'leftie'?
(he became a millionaire by the way, so its not that irrelevant)