What extra taxes would you volunteer to pay?

GreatApe

VAT on food would be hard to sell but a high sugar tax probably would be an easy sell.
£5/kg would bring in £8.25 billion assuming no reduction in sugar consumption. Likely closer to £5 billion assuming a 40% reduction in sugar consumption. Would add about 18p to a can of coke and 8p to a 30g bar of chocolate

A 2kg bag of sugar would go from about £1 to £11 and my garage would probably be home to 100 tons of sugar before the tax came in and probably a security guard to keep the sugar safe

westernpromise

There's a lot of VAT on food already.

As I have just posted elsewhere, punitive taxes need only cause a small number of people to avoid them - by moving to Monaco for example - for the net effect to be a loss to the exchequer.

I pay enough tax already; last year I paid for six nurses. I'm not prepared to pay for any more and to be abused for doing so hence I manage my affairs accordingly.

Thrugelmir

John-K wrote: »

None of my better-off friends have made their money via acquiring capital, so it is not the only way.

Not a single one gained from an inheritance. Or benefited from the upbringing their parents were able to provide for them?

Thrugelmir

GreatApe wrote: »

I'm not saying leaders of business add no value some of them clearly do add massive amounts of value eg Steve jobs

Steve Jobs was clever at commercialising other peoples ideas.

westernpromise

Thrugelmir wrote: »

Not a single one gained from an inheritance. Or benefited from the upbringing their parents were able to provide for them?

People from good families shouldn't be penalised because there are bad families. The rage and hate should be directed towards the bad parents by their offspring.

To be born poor is a misfortune, to die poor is a choice. I would have had nil respect for my father if he had died poor.

GreatApe

westernpromise wrote: »

People from good families shouldn't be penalised because there are bad families. The rage and hate should be directed towards the bad parents by their offspring.

To be born poor is a misfortune, to die poor is a choice. I would have had nil respect for my father if he had died poor.

What if you were born with an IQ of say 70 is to die poor a choice?

westernpromise

GreatApe wrote: »

What if you were born with an IQ of say 70 is to die poor a choice?

Sure. You can better yourself no matter what your IQ.

Thrugelmir

westernpromise wrote: »

People from good families shouldn't be penalised because there are bad families. The rage and hate should be directed towards the bad parents by their offspring.

To be born poor is a misfortune, to die poor is a choice. I would have had nil respect for my father if he had died poor.

I was responding to the comment about lack of capital and the ultimate achievement. Where one is born and to whom does have a material bearing on life's opportunities. That's a harsh statement. Suggests that you are somewhat insulated from much of the real world.

GreatApe

westernpromise wrote: »

Sure. You can better yourself no matter what your IQ.

No very sadly not

An IQ that low puts you into the category of mentally !!!!!! or close to it. You would be close to illiterate you would die poor and would likely lead a very difficult life. Not only that but people would likely bully and abuse you throughout your life

About 2% of the population falls into an IQ of 70 or below


You can accept that not every human is physically or biologically capable and still hold free market capatilism as the best good we have to help everyone from the poor to the middle to the rich.

cepheus

westernpromise wrote: »

Our resident leftists are always full of great ideas for new taxes to be applied to other people but not to themselves.

Revenues will have to be found, whichever party is in, or else services will be even more severely struck. Here's a Tory suggesting the baby boomers should pay (or which I am one, just).

Inheritance and council tax must be overhauled to ensure baby boomers pay for the pressures they are putting on the public finances, Lord Willetts, the former Tory minister, will say today.

https://www.thetimes.co.uk/article/call-for-baby-boomers-to-pay-more-towards-welfare-d3j05d50c?shareToken=67d66f8bd62cc0fc2bbc86dd614f1867

Of course the Tories will find it more difficult to be elected and propose higher taxes, as they found out during the last election. Peers don't need to worry about electability of course!

Perhaps they should send out one of Phil Hammond's spreadsheets linked to electoral polls to see if anyone can come up with a solution that is electable and doesn't destroy the NHS etc?