Taxing the super rich

[Fame Monster]

Fucking hell, not this shit again.

Are you suggesting someone on £120k a year and paying their £46,000 in tax is NOT paying for it?

Where's the Labour proposals to increase the basic rate of tax by say 2p?

It absolutely IS about people wanting stuff for free and OTHERS to pay for it for them. Labour are promising freebies for students, freebies for god knows who else and TAXES for OTHER PEOPLE.

You're confusing my post with the Labour manifesto.

 

[Henkeman]

Fallen to what, a projected deficit of 1.2%. That's the metric I was using. The EU27 Q2 deficit is 0.3%, our yearly deficit is 1.2%. Our deficit is at least quadruple what the EU27 is.

Utterly skewed by Germany being the dominant EU economy with a huge surplus that's impoverishing much of the Eurozone. And while ours is going down, others are going up. For the third time, since you've ignored the previous two, snapshots are not indicative of anything, trends are.

 

[Chippy_boy]

Those who can't pay, shouldn't, those who can pay, should. Disagree?

Yes, I disagree with the way you're framing it.

Those who can pay are already paying, so why change anything? What you're suggesting is that they should pay even more. It REALLY fucks me off, Labour banging on about a fair and decent tax system, as if the current system is somehow unfair. It's like subliminal brainwashing.

In a parallel universe, EVERYONE would have to pay say £10,000 a year in income tax, irrespective of income. But no, we don't have that. That would be unfair.
In another parallel universe, EVERYONE would have to pay 29% tax on all their income. We don't have that either.
In the 3rd universe, the poorest get £11,000 untaxed and then 29% on everything after that. But no, that's STILL unfair, apparently.
And in the 4th, we have people getting £11,000 completely untaxed, 20% on the rest of their earnings and anyone earning more than about £50k have to pay 40% or more on the rest of their money.

I'd say that's a pretty progressive tax system already, wouldn't you. But it gets worse. Earn over £122k a year and they take your fucking personal allowance off you as well. And god forbid if you earn £150k a year or then the rate goes higher still.

To say the people lower down the pay scale get off lightly is one ENORMOUS great big understatement. Jesus, they even get the pittance they pay in tax, back in benefits.

Already, someone on £120k a year already pays 25 times more tax than someone on 1/6th of the salary. And Labour talk about increasing that, to make it more fair???

 

[aguero93:20]

Oh I pay. Don't worry about that.

But none of us pay enough, our social infrastructure is falling down and it's the reason behind most of the problems today.

The problem is that people view tax as an obligation when they should view it as a privilege, I'm delighted I earn enough to contribute and the higher my tax bill is the better I feel. It's a privilege to be able to pay it, I've been on the other side and it's shit.

 

[Armchair Supporter]

If you tax the mega rich too much, there won't be any mega rich.
I've been told that back in the 70's there was a 90% threshold. Imagine that, earn £100 and you have to pay out £90 of it in taxation.
Apparently, back then, The Beatles, etc. just left the country and didn't pay a carrot. Threshold then reduced!

They wrote a very bitter song about it (Taxman)

 

[aguero93:20]

Yes, I disagree with the way you're framing it.

Those who can pay are already paying, so why change anything? What you're suggesting is that they should pay even more. It REALLY fucks me off, Labour banging on about a fair and decent tax system, as if the current system is somehow unfair. It's like subliminal brainwashing.

In a parallel universe, EVERYONE would have to pay say £10,000 a year in income tax, irrespective of income. But no, we don't have that. That would be unfair.
In another parallel universe, EVERYONE would have to pay 29% tax on all their income. We don't have that either.
In the 3rd universe, the poorest get £11,000 untaxed and then 29% on everything after that. But no, that's STILL unfair, apparently.
And in the 4th, we have people getting £11,000 completely untaxed, 20% on the rest of their earnings and anyone earning more than about £50k have to pay 40% or more on the rest of their money.

I'd say that's a pretty progressive tax system already, wouldn't you. But it gets worse. Earn over £122k a year and they take your fucking personal allowance off you as well. And god forbid if you earn £150k a year or then the rate goes higher still.

To say the people lower down the pay scale get off lightly is one ENORMOUS great big understatement. Jesus, they even get the pittance they pay in tax, back in benefits.

Already, someone on £120k a year already pays 25 times more tax than someone on 1/6th of the salary. And Labour talk about increasing that, to make it more fair???

So what you're saying is, someone on £150k a year has a worse life than someone on £25k a year? Because of the tax system?

 

[Armchair Supporter]

I don't know, are the public sector all idle fuckers in the other countries as well?

<Puts tin hat on>

In ROI, very much so.

 

[aguero93:20]

Utterly skewed by Germany being the dominant EU economy with a huge surplus that's impoverishing much of the Eurozone. And while ours is going down, others are going up. For the third time, since you've ignored the previous two, snapshots are not indicative of anything, trends are.

Yes, this is something we'll need to deal with. Without the UK unfortunately.

 

[aguero93:20]

In ROI, very much so.

Piss off you prick, my mother is a public servant and she works her socks off for fuck all.

 

[Fame Monster]

Utterly skewed by Germany being the dominant EU economy with a huge surplus that's impoverishing much of the Eurozone. And while ours is going down, others are going up. For the third time, since you've ignored the previous two, snapshots are not indicative of anything, trends are.

I never said 'snapshots are not indicative of anything' even though that's wrong in itself. I was refuting your insinuation that the EU27 deficit was bigger than the UK's. It's not. In percentage terms, the UK's is quadruple the size of the EU27 as of 2018.