Taxing the super rich

[Bert Trautmanns Helemet]

It's not about getting someone else to pay for it. It's about everyone paying for it. Three different opinion polls have around 60% of UK citizens happily paying more tax for the good of the country. Going back a hundred years, people were happy to die for our country yet today, a small, selfish, 'I'm alright Jack' minority continue to survive and prosper in UK politics, loathe to pay a penny more in tax and then wonder why the UK is struggling so much.

A lot of people are more than willing to pay more tax. A very lot of people.
The problem is that they don't trust the government to piss it up the wall
and when its been wasted come back for more tax.

I believe in the privatisation of the railways and the utility companies 100%.
Do I believe a Labour government could make a go of it?
Not in a million fucking years!

 

[aguero93:20]

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.

It's difficult to tax the highest earners on income.

 

[citytilllidie]

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!

 

[Chippy_boy]

It's not about getting someone else to pay for it. It's about everyone paying for it. Three different opinion polls have around 60% of UK citizens happily paying more tax for the good of the country. Going back a hundred years, people were happy to die for our country yet today, a small, selfish, 'I'm alright Jack' minority continue to survive and prosper in UK politics, loathe to pay a penny more in tax and then wonder why the UK is struggling so much.

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.

 

[aguero93:20]

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.

Have you looked at the reasons they voted the way they did and listened to them? It's an eye opener.

 

[aguero93:20]

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

As it always is, quality employment makes a country wealthy.

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

The second part of this post doesn't agree with the first.

 

[aguero93:20]

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.

Hang on. I give 20k to the HSE every year here as I don't feel I pay enough tax. Some of us actually believe in this.

 

[west didsblue]

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

If you say so. I'm sure plenty would disagree.

 

[Henkeman]

You're right, it's 2018 and this is no longer a fact. Our deficit isn't double the EU27 average, it's actually quadruple the EU27 average as of 2018 Q1 and Q2. I'll let you know when the Q3 results are published.

https://ec.europa.eu/eurostat/docum...P-EN.pdf/1be8e140-b05a-4235-b28d-d83c6abfd23b

https://ec.europa.eu/eurostat/documents/2995521/9332933/2-23102018-BP-EN.pdf

Dear God, ok, since you don't apparently realise this, eurostat is compiled from the compulsory reporting requirement for the Eurozone. The UK is not compelled to report into them, so they take UK ONS data. However, uniquely for the UK, the financial year is different, so your Q3 data is differently aligned to the other European countries. Thus, that 1.8% remains the calendar year for 2017, and in this current year it has continued to fall.

https://obr.uk/forecasts-in-depth/brief-guides-and-explainers/public-finances/

What did I tell you about taking snapshots? You ignored it before.

 

[Chippy_boy]

Hang on. I give 20k to the HSE every year here as I don't feel I pay enough tax. Some of us actually believe in this.

Well good for you, seriously.

I don't have enough myself to hand any extra over.