Is it time to leave the UK?

[OLD BOY]

Originally Posted by ianch99

You, like OB, are immediately transposing wealth with the (family) home. This is not valid in the scenario I am outlining. The wealth of high net worth individuals (let's say 5+ million total) is far more distributed e.g. dividends, stocks, shares, property, bitcoin, antiques, cars, paintings, etc, etc.

I am not suggesting taxing people's primary residence, far from it.

But other possessions are fair game, eh?

This is the politics of envy, exposed for all to see.

[jfman]

Originally Posted by OLD BOY

But other possessions are fair game, eh?

This is the politics of envy, exposed for all to see.

Considering £2.5 trillion of debt it’s apparent someone hasn’t been paying their fair share over the years. Who is it? The people with the most or the least?

Should the poor of tomorrow pay for the fact the wealthy of the past relied upon debt upon debt, like parasites extracting as much as they can from a flawed system?

The politics of unrestricted capitalist greed exposed for all to see. Why pay for anything when you can psss the debt down the generations and onto the poor.

[ianch99]

Originally Posted by OLD BOY

But other possessions are fair game, eh?

This is the politics of envy, exposed for all to see.

Forget the lazy tropes, try debating! Please justify in objective, moral, social and ethical terms how a single individual can accrue more wealth that they can literally never spend, go!

To add some context, if you earned $180,000 a day from when Jesus was born to the present day, you would still not be as rich as Jeff Bezos.

You can always spend it if you try hard enough, the difference is do you want to.

Of course "net worth" is not the same as actual spendable money.

[jfman]

Originally Posted by Paul

You can always spend it if you try hard enough, the difference is do you want to.

Of course "net worth" is not the same as actual spendable money.

Spending it is certainly a more desirable outcome, more consistent with “trickle down economics”, than billions being concentrated into the hands of a few.

[tweetiepooh]

The issue then should be to collect the tax at income properly from these individuals, collect capital gains as appropriate, tax interest earned. But the super rich always find ways to lessen their tax burden at the expense of everyone else.



The difficulty as always is hitting the right target without collateral damage. If some rich person acquires lots of paintings but then permanently lends them to a public gallery does that get different treatment to someone who buys a painting from someone unknown who gets discovered and becomes extremely valuable but is hanging in their front room. Do we have to have exceptions and exemptions and on it all goes?

[jfman]

Originally Posted by tweetiepooh

The issue then should be to collect the tax at income properly from these individuals, collect capital gains as appropriate, tax interest earned. But the super rich always find ways to lessen their tax burden at the expense of everyone else.

The difficulty as always is hitting the right target without collateral damage. If some rich person acquires lots of paintings but then permanently lends them to a public gallery does that get different treatment to someone who buys a painting from someone unknown who gets discovered and becomes extremely valuable but is hanging in their front room. Do we have to have exceptions and exemptions and on it all goes?

Don’t let perfect be the enemy of good. There’s £2.5 trillion out there nobody has paid for down the generations.

[Halcyon]

As the people of the UK we should be given the choice when to oust a prime minister or if we want to change governments.

There should be a poll each year and if the majority of the public vote agrees then a genreal election is called.

That would be a disaster, the country would be in constant confusion, not to mention the cost of a ballot every year, and an election.

[Halcyon]

Originally Posted by Paul

That would be a disaster, the country would be in constant confusion, not to mention the cost of a ballot every year, and an election.

Much more money is wasted on other things.

Atleast find a way to make public views count.


A load of (often corrupt) MP's making decisions for me is not what I want in the country I live in.

[TheDaddy]

Originally Posted by Halcyon

Much more money is wasted on other things.

Atleast find a way to make public views count.


A load of (often corrupt) MP's making decisions for me is not what I want in the country I live in.

I actually quite like the idea of holding them to account when things are fresh in peoples memories rather than letting the off the hook because years have passed in between, keep 'em honest, not sure a general election every year is the way to do it though but your idea would at least also strengthen our democracy who for many people is just a vote every four years

Originally Posted by Halcyon

Much more money is wasted on other things.

Thats not an excuse to waste more.

Originally Posted by Halcyon

A load of (often corrupt) MP's making decisions for me is not what I want in the country I live in.

Well as the topic suggests, you can always leave.

[OLD BOY]

Originally Posted by jfman

Considering £2.5 trillion of debt it’s apparent someone hasn’t been paying their fair share over the years. Who is it? The people with the most or the least?

Should the poor of tomorrow pay for the fact the wealthy of the past relied upon debt upon debt, like parasites extracting as much as they can from a flawed system?

The politics of unrestricted capitalist greed exposed for all to see. Why pay for anything when you can psss the debt down the generations and onto the poor.

Well, they will have their fair contribution to the billions of pounds worth of debt that’s being accrued to bail them out and keep their heads above water in this energy crisis, won’t they?

[jfman]

Originally Posted by OLD BOY

Well, they will have their fair contribution to the billions of pounds worth of debt that’s being accrued to bail them out and keep their heads above water in this energy crisis, won’t they?

Only through your perverse view of fair, OB.