Taxing the super rich

[idahoblues]

Not sure I agree. Trump got voted in by the people you describe.

I know a lot of Trump supporters but I don't see that mentality with them, I think Chippy is correct in his observation

 

[west didsblue]

I know a lot of Trump supporters but I don't see that mentality with them, I think Chippy is correct in his observation

I think there's a fair number of the lesser educated ones who want to stick it to the "rich urban liberal elites" and don't understand that this means they'll be worse off too. I was incorrect to imply that this covers all his supporters but I'm sure there's a fair few with that attitude.

 

[Bert Trautmanns Helemet]

I think there's a fair number of the lesser educated ones who want to stick it to the "rich urban liberal elites" and don't understand that this means they'll be worse off too. I was incorrect to imply that this covers all his supporters but I'm sure there's a fair few with that attitude.

A bit like the voters who voted 'leave' in Brexit - lesser educated?

 

[Henkeman]

Given that European societies are most similar to ours, both in terms of economy, trade, environmental and employment regulation, membership of the EU, energy import dependency then I would say I'm being selective for a very good reason. In European terms, the UK is a low tax society.

Utterly irrelevant. We do what works for us, not different societies with entirely different trade bases. The UK competes globally in a way that few other European countries do. Likewise your pejorative assumption that low tax - bad/high tax - good is just a matter of opinion.

 

[kevin horlocks wand]

Given that European societies are most similar to ours, both in terms of economy, trade, environmental and employment regulation, membership of the EU, energy import dependency then I would say I'm being selective for a very good reason. In European terms, the UK is a low tax society.

Well if you think it’s too low then write a cheque to hmrc for an additional amount you think you should pay. Hmrc aren’t going to turn it down if you want to pay extra to match your beliefs.

Same goes for Corbyn Abbott and McDonnell

 

[Henkeman]

Well if you think it’s too low then write a cheque to hmrc for an additional amount you think you should pay. Hmrc aren’t going to turn it down if you want to pay extra to match your beliefs.

Same goes for Corbyn Abbott and McDonnell

You can do it two ways. You can donate to the Donations and Bequests account for the purpose of reducing the national debt, or you can quite literally (as you say) make a voluntary payment to HMRC, and you can even ask for it to be spent on something specific. Oddly enough, whenever I hear people saying they'd happily pay more tax, they seem curiously reluctant to pop their debit card details in when I bring up the HMRC payment website.

 

[Chippy_boy]

Total tax take does need to increase in the UK and the fairest way to do that is probably a tax on income. We're taxed less than the OECD average (as of 2016) and far less than almost all other Western European countries.

I'd argue the best way to increase the tax take is to get the economy moving.

And you don't do that by raising taxes. Quite the opposite in fact.

 

[Fame Monster]

Utterly irrelevant. We do what works for us, not different societies with entirely different trade bases. The UK competes globally in a way that few other European countries do. Likewise your pejorative assumption that low tax - bad/high tax - good is just a matter of opinion.

It's not working though, is it?

We've just had the UN Poverty Envoy come to our country and lambaste the state of our public services. We've had 10 years of cuts and we're still running a deficit that's QUADRUPLE the EU27 average. We've got one of the highest national debts in the developed world and we've got a growth rate that's rock bottom of the G20. That's without mentioning the current constitutional deadlock we're in that's reduced UK business investment to virtually zero. In what possible way are we doing 'what works for us'?

 

[Henkeman]

It's not working though, is it?

We've just had the UN Poverty Envoy come to our country and lambaste the state of our public services. We've had 10 years of cuts and we're still running a deficit that's almost double the EU27 average. We've got one of the highest national debts in the developed world and we've got a growth rate that's rock bottom of the G20. That's without mentioning the current constitutional deadlock we're in that's reduced UK business investment to virtually zero. In what possible way are we doing 'what works for us'?

What, you're under the impression that all those European countries are lands of milk and honey? Check out the unemployment rates in many of them.

As for the rest of it, you appear hopelessly confused. You complain about the national debt going up on the one hand and then complain about cuts on the other. How do you intend to square that particular circle, tax people into oblivion? That works so well doesn't it? You're completely and utterly wrong about the deficit by the way. It's effectively been wiped out now.

 

[Fame Monster]

What, you're under the impression that all those European countries are lands of milk and honey? Check out the unemployment rates in many of them.

As for the rest of it, you appear hopelessly confused. You complain about the national debt going up on the one hand and then complain about cuts on the other. How do you intend to square that particular circle, tax people into oblivion? That works so well doesn't it? You're completely and utterly wrong about the deficit by the way. It's effectively been wiped out now.

The way to reduce national debt isn't to tax people into oblivion, the answer is to tax people/wealth more, in line with what almost every other country in Europe does.

As for what I wrote in relation to the deficit, it's not wrong, it's a fact.

https://ec.europa.eu/eurostat/tgm/table.do?tab=table&plugin=1&language=en&pcode=teina200