Budget

[noseall]

The top one per cent

It must be shít being the top 1%, poor fúkkers.

 

[carmanmemoranda]

It must be shít being the top 1%, poor fúkkers.

Given the choice of getting paid less so they don't have to pay so much tax, I wonder what they would choose

 

[motorbiking]

Some state total wealth as a measure richness - no it needs to be income.

That doesn't make any sense.

Imagine someone earning £350k per year with a £2m in assets vs someone with £60k per year with £8M in assets. The second is far wealthier

 

[motorbiking]

Given the choice of getting paid less so they don't have to pay so much tax, I wonder what they would choose

There is another option. When Rachel from accounts helps herself to your money, through higher taxes. Look for ways to pay less tax. it doesn't take long.

 

[securespark]

TBF, I think he was just saying that the issue he replied to (the rich getting richer and the poor getting poorer) is the fault of the Govt.

 

[ajohn]

That doesn't make any sense.

True. What I meant was asset wealth is not taxed in respect to the posts. Income is.

Mind you if you have a house, premises etc you pay indirect taxes. The link mentions what those are.

 

[ajohn]

(the rich getting richer and the poor getting poorer) is the fault of the Govt.

In some ways I see it as the way of the world. The Govt comes in - could they do better? The answer to that in some respects is no as money is needed to provide jobs. That money needs to show a profit or it wont be invested.

Serious job providers are generally listed. Some form of startup may not be but if successful may well end up being listed. A root to riches.

The comes venture capital - a bit of a mixed bag.

 

[carmanmemoranda]

In some ways I see it as the way of the world. The Govt comes in just on could they do better. The answer to that in some respects is no as money is needed to provide jobs. That money needs to show a profit or it wont be invested.

Serious job providers are generally listed. Some form of startup may not be but if successful may well end up being listed. A root to riches.

The comes venture capital - a bit of a mixed bag.

Nobody is saying the rich shouldn't exist, or not stay rich.

It's the gap that's the issue

 

[Notch7]

There is another option. When Rachel from accounts helps herself to your money, through higher taxes. Look for ways to pay less tax. it doesn't take long.

There is huge wealth inequality in this country compared to other countries

The U.K. needs to make living standards better for the majority, because they are sh1t compared to other countries

The way to do that is to tax wealth more

 

[motorbiking]

In some ways I see it as the way of the world. The Govt comes in just on could they do better. The answer to that in some respects is no as money is needed to provide jobs. That money needs to show a profit or it wont be invested.

Serious job providers are generally listed. Some form of startup may not be but if successful may well end up being listed. A root to riches.

The comes venture capital - a bit of a mixed bag.

Your missing PE.. Lots of big employers are not listed.

 

[motorbiking]

Nobody is saying the rich shouldn't exist, or not stay rich.

It's the gap that's the issue

There is huge wealth inequality in this country compared to other countries

The U.K. needs to make living standards better for the majority, because they are sh1t compared to other countries

The way to do that is to tax wealth more

Part of the problem is education. So many people are failed by their secondary education. They leave school without the basics. We can all open our own doors in life, but if you leave school with not much, there aren't many doors you can open initially.

 

[ajohn]

It's the gap that's the issue

So just what could they do about it? Give me an answer.

The min wage provides some control of the bottom end of the salary scale. Increase are likely to be passed on to customers.

Listed companies set their own profit levels which influences dividends and share prices. Consumption of their product will also influence this but these days prices to us are what they can achieve to suite their over all costs. This doesn't mean sell as cheap as possible. Competition also figures but it's nice to get people to buy at a higher price because it's seen as a better product.

A smaller legal company I use can change prices to suite the income they want. Competition may influence this.

Sole trader types are an example of the same thing. Small shop keepers too.

Salaried in some respects are similar to min wage people.

All put over far too simply but makes some points.

 

[blup]

People who have enough to live on can afford more tax, there is a case for a supertax for those on a million or more: if they move abroad close the loopholes on domicile etc

 

[carmanmemoranda]

Part of the problem is education. So many people are failed by their secondary education. They leave school without the basics. We can all open our own doors in life, but if you leave school with not much, there aren't many doors you can open initially.

And there are always the little essential jobs that need doing

Not everybody, even with the best education can be a high flyer.

But they can still work, and should get a wage they can live on. Even if it means a second hand car and no expensive boat

 

[carmanmemoranda]

So just what could they do about it? Give me an answer.

The min wage provides some control of the bottom end of the salary scale. Increase are likely to be passed on to customers.

Listed companies set their own profit levels which influences dividends and share prices. Consumption of their product will also influence this but these days prices to us are what they can achieve to suite their over all costs. This doesn't mean sell as cheap as possible. Competition also figures but it's nice to get people to buy at a higher price because it's seen as a better product.

A smaller legal company I use can change prices to suite the income they want. Competition may influence this.

Sole trader types are an example of the same thing. Small shop keepers too.

Salaried in some respects are similar to min wage people.

All put over far too simply but makes some points.

No easy answer, but the 1st bit is to address the issue rather than just accepting it

It never used to be this bad, until recently, did it

I wonder when, why, and how it has accelerated so much? Maybe just a reversal of such things may be a good start.

Or we could go back to workhouses for the poor maybe