Taxing the super rich

[aguero93:20]

You can't do that though. It's a crazy idea. I get the appeal for the multi-nationals who are paying little tax to anyone, and trying to find a way to get them to cough up. But for general commerce it's a business destroyer and a jobs destroyer.

You can't do it on a national scale but on a global scale it works.

 

[aguero93:20]

Er, it's an existential problem. Either they do it or the euro is doomed.

Absolutely, single currency won't work without fiscal union. It was stupid to try it in the first place.

 

[Henkeman]

She works for the Irish revenue. I deal with them on a daily basis professionally as well.
You're an idiot if you think of public servants like that.

Why are they called "servants" ? Always puzzled me that one.

 

[aguero93:20]

Why are they called "servants" ? Always puzzled me that one.

Think it's an empirical remnant, everyone was servants of the crown.

 

[Henkeman]

Absolutely, single currency won't work without fiscal union. It was stupid to try it in the first place.

It was the politics that did it. I'm genuinely unsure which way that will go. Fudges are running out.

You can't do it on a national scale but on a global scale it works.

Hammond's proposal in the budget was born out of frustration at the slow progress of any global deal to cope with the multi-nationals.

 

[aguero93:20]

It was the politics that did it. I'm genuinely unsure which way that will go. Fudges are running out.



Hammond's proposal in the budget was born out of frustration at the slow progress of any global deal to cope with the multi-nationals.

Absolutely. Feel so sorry for the fucker, can't be easy.

We live in a world with multinational (or maybe transnational) companies that are more powerful than individual states, only way to deal with them is a globalist world imo.
Scares the shit out of a lot of people though.

 

[Henkeman]

Absolutely. Feel so sorry for the fucker, can't be easy.

We live in a world with multinational (or maybe transnational) companies that are more powerful than individual states, only way to deal with them is a globalist world imo.
Scares the shit out of a lot of people though.

As it was once put, it doesn't matter so much where they pay their tax, but they ought to be paying it to someone!

 

[Armchair Supporter]

She works for the Irish revenue. I deal with them on a daily basis professionally as well.
You're an idiot if you think of public servants like that.

https://www.independent.ie/irish-ne...ector-pay-levels-above-all-else-37368536.html

The latest figures from the Irish State's statisticians show that average weekly earnings in the public sector here are €959. That is more than 40pc higher than in the private sector........That public sector workers are immune from redundancy and that they enjoy much better pension arrangements.....

and longer holidays and sick pay and restricted hours and etc, etc.

It is a shit show.
(If your mum is working hard for peanuts, is she a zero-hour contract worker? Thats thanks to the unions btw because they force the government to employ people who work more than (13?) weeks forcing the government to dump those employees before that deadline is reached.)

And stop with the insults yea? ffs

 

[I'm With Stupid]

The whole multinational thing is about fairness. Because it's not just that they don't pay any tax, but they destroy our companies while they're not paying any tax. Obviously it's a difficult problem to solve legally, but ultimately the point is why should we allow Starbucks to compete with a local chain if the local chain is paying their taxes by Starbucks isn't?

On the wider problem, ultimately you have to set taxes at the level that will bring in the most money without harming the most vulnerable in society. If allowing the super rich a tax rate of 10% that they'll actually pay brings in more money than a rate of 50% that they'll avoid, then being pragmatic may make sense. But if they're just as likely to dodge 10% as they are 50%, then fuck them. Make their life as difficult as possible. Make them live on the Isle of Man for half the year as punishment for being such a greedy bastard.

One thing I've always wondered, and perhaps someone more economically qualified than me can answer it, is why can't we just put huge tariffs on any money going to or coming from a tax haven? Why not just slap 50% tax on anything coming from the Cayman Islands to the point that it's uneconomical to base your company there? Because let's be honest, you're never going to get international agreement as long as most of the world's countries are run by the very people who benefit from these tax arrangements.

 

[aguero93:20]

https://www.independent.ie/irish-ne...ector-pay-levels-above-all-else-37368536.html



and longer holidays and sick pay and restricted hours and etc, etc.

It is a shit show.
(If your mum is working hard for peanuts, is she a zero-hour contract worker? Thats thanks to the unions btw because they force the government to employ people who work more than (13?) weeks forcing the government to dump those employees before that deadline is reached.)

And stop with the insults yea? ffs

That's great mate, my mam is a qualified barrister and could have doubled her earnings in the private sector before the crash, yet she works for the state, despite countless cuts that have damaged her standard of living, for the sakes of people like you.

What that shit above didn't show is that everyone in the public sector has a degree at least, comparing their wages to farm and construction labourers or retail staff is pointless.