[Sephiroth]

Originally Posted by GrimUpNorth

I think everyone (even you) knows what Ian is saying, I also think you're just going out of your way to be obtuse because you know he's got a point and cant bring yourself to agree.

Not at all, Grim. Ian seems to hate all things Tory (possibly due to Brexit) and uses social injustice through the wealth gap as his illustration in the current exchange of words.

There are better reasons to dislike the Tories.

What I have done is to point out the consequences of narrowing the wealth gap due to human nature. I have also asked Ian to provide a better definition of his £60K/£100K wealth increase (which he has done) and as a consequence I've asked him where he got his 10% effective tax rate from (because CGT has two bands of rates).

Iain has also cited Denmark as a model for income equality and has recommended that model for the UK. He's right about his description of Denmark and wrong about its applicability to the UK. Denmark has 1/10 of the UK's population and its economic activity is vastly different from that of the UK. With only 6m people, there aren't as many pips to be squeezed by the ultra-rich, so they aren't present.

It's all about understanding how the various economies work. Labour's 13 years of rule didn't change the dynamics of the UK's economy and couldn't touch the wealth gap; nor can the Tories.

The economy pretty much runs itself through business activity. The Government just needs to stimulate the economy through tax/investment incentives, which is not their current approach.

All I ask of Ian is that gets real on this particular subject.