[Sephiroth]

Originally Posted by ianch99

You are wrong. Most people do not know how the global, pan-tax jurisdiction, corporate capitalist market works.

Your argument is basically this: the ultra-wealthy are going to roger us what ever we try and do so we may as well just bend over and suck it up?

Nah, no thanks. We can do better than this. The Nordic model is a good start esp. Denmark.

Your focus, as we have been conditioned to think over the years, is that the only significant tax base available are the Middle Classes. This is so untrue.

Let's take this example: your wealth increases each year by £60k, principally through income, and you pay an overall effective tax rate of, say, 35%. Let's then say that my wealth increases by £100m each year but my overall effective tax rate is 10% or less. Do you think this is fair & equitable?

All that 'most people' you mentioned need to do is to read my previous post. Then they'll understand how it all works.

If those '£100K' bods are overtaxed, they'll leave and take the jobs they employ with them. I suggest you join the dots.

As to effective tax rates, I didn't understand your calculation by reason of the cumulative increase you cited. What did you mean by 'your wealth increasing by £60K (or £100K) per year'? After tax? After spending? What is the taxable salary within those figures?