Tax me harder Daddy

[.:ian:.]

tfa said:

The announced relief in business rates comes as a group of 120 UK millionaires has written a letter to Prime Minister Andy Burnham urging him to tax their wealth.

The "Proud to Pay" letter, external was sent by organisation Patriotic Millionaires UK and has been signed by figures including Gary Lineker, Julia Davies, Brian Eno, Ian Gregg, and Gary Stevenson.

The letter reads: "We want you to tax us. We can afford it. We re not talking about higher taxes on those who get up and go to work for their income every day, but on the very richest whose income is derived from the wealth they hold."

This made me chuckle more though.

Chief Secretary to the Treasury Emma Reynolds earlier told Sky News: "I welcome the fact that people of good means are saying that they want to pay more. They can pay more. Fill yer boots. https://www.gov.uk/guidance/voluntary-payments-don... Dont forget to post your submission on the social meeds for all the likes you performative narcissists."

(she may not have said all those things)

[speedyman]

This would only apply to individuals with at least ten million pounds of wealth. Sounds ok to me, go for it.

[snuffy]

https://www.bbc.co.uk/news/articles/cvgjp79m42go

Conservative leader Kemi Badenoch said Lineker is "very welcome to pay more tax he can write a cheque to the Treasury, no one is stopping him."

[Blue_star]

Now is the time for a wealth tax! Go for it!

[Sport_Turismo_GTS]

Blue_star said:

Now is the time for a wealth tax! Go for it!

Which country’s successful wealth tax would you like to follow? And why now, when taxation is already at the highest levels for many years - what impact do you think that will have on growth?

But let me guess, you won’t be paying it, only other people?

[ikarl]

could raise 12-24bn a year

HS2 is currently estimated at up to 103bn... up from 36bn

no recent government has ever proven they are responsible for dealing with the money they have.. and people want to give them more and 'hope' that they will be responsible and get more nurses etc..

yeah right

[Sport_Turismo_GTS]

ikarl said:

could raise 12-24bn a year

HS2 is currently estimated at up to 103bn... up from 36bn

no recent government has ever proven they are responsible for dealing with the money they have.. and people want to give them more and 'hope' that they will be responsible and get more nurses etc..

yeah right

‘Could’? I’m convinced…

[ikarl]

Sport_Turismo_GTS said:

ikarl said:

could raise 12-24bn a year

HS2 is currently estimated at up to 103bn... up from 36bn

no recent government has ever proven they are responsible for dealing with the money they have.. and people want to give them more and 'hope' that they will be responsible and get more nurses etc..

yeah right

Could ? I m convinced

apparently

[butchstewie]

Pretty sure anyone who feels compelled can write a cheque to HMRC any time they like can't they?

Not sure I'm in favour of wealth taxes but as an observation I've always found it a bit odd how "ordinary people" seem so averse to the idea of millionaires and billionaires paying a bit more.

[Blue_star]

Sport_Turismo_GTS said:

Blue_star said:

Now is the time for a wealth tax! Go for it!

Which country s successful wealth tax would you like to follow? And why now, when taxation is already at the highest levels for many years - what impact do you think that will have on growth?

But let me guess, you won t be paying it, only other people?

Our country can do it better ! Bring it on.

[snuffy]

butchstewie said:

Pretty sure anyone who feels compelled can write a cheque to HMRC any time they like can't they?

Not sure I'm in favour of wealth taxes but as an observation I've always found it a bit odd how "ordinary people" seem so averse to the idea of millionaires and billionaires paying a bit more.

Because they know what will happen over time.

[Sport_Turismo_GTS]

butchstewie said:

Pretty sure anyone who feels compelled can write a cheque to HMRC any time they like can't they?

Not sure I'm in favour of wealth taxes but as an observation I've always found it a bit odd how "ordinary people" seem so averse to the idea of millionaires and billionaires paying a bit more.

Given that an average family house in the South East is worth £1m+, it depends who you think should be included as a ‘millionaire’.

Given how unsuccessful wealth taxes have been in other countries and the extent to which they’ve actually cost money rather than saved money, I think ordinary people should be very concerned about the potential implications of such a tax.

Of course, I’m reminded that some on the left are in favour of taxes to penalise the rich, even if it makes everyone worse off…

[DeadShed]

Sport_Turismo_GTS said:

Which country s successful wealth tax would you like to follow? And why now, when taxation is already at the highest levels for many years - what impact do you think that will have on growth?

But let me guess, you won t be paying it, only other people?

Norman and Switzerland both seem to be doing quite well.

[.:ian:.]

Their letter says We want you to tax us. We can afford it. We re not talking about higher taxes on those who get up and go to work for their income every day, but on the very richest whose income is derived from the wealth they hold."

But it seems like Lineker's wealth is from

ai said:

Goalhanger Podcasts: Co-founded in 2018 with Tony Pastor and Jack Davenport, Lineker retains at least a 25% stake in this company, which generated nearly £38 million in revenue recently and boasts over 250,000 paying subscribers.

Netflix Deal: He signed a multi-million-pound contract to adapt The Rest Is Football into a daily show for the 2026 World Cup, with Netflix reportedly paying around £14 million for exclusive rights.

ITV Role: Lineker secured a guest pundit role for ITV s World Cup coverage and hosts a new quiz show titled The Box, adding substantial new revenue streams.

Endorsements: He maintains a long-standing commercial association with Walkers crisps.

This is not held wealth, is just earning loads because you are a celebrity. Presumably these incomes are all taxed already, unless he is doing the sensible thing and use more tax efficient methods. Or maybe he does have £35M sat in a Lloyds current account?!

He did win a battle with HMRC over tax they suggested he didnt pay. He should have just paid it for the good of the country and saved the taxpayer from funding the legal dispute.

"Lineker's Position: He maintained he was a freelance contractor who provided services through his own company, Golant Media Ventures Ltd. As a freelancer, he paid himself via dividends, which are taxed at a lower rate than salary, and claimed business expenses."

[Sport_Turismo_GTS]

Blue_star said:

Sport_Turismo_GTS said:

Blue_star said:

Now is the time for a wealth tax! Go for it!

Which country s successful wealth tax would you like to follow? And why now, when taxation is already at the highest levels for many years - what impact do you think that will have on growth?

But let me guess, you won t be paying it, only other people?

Our country can do it better ! Bring it on.

By refusing to respond to any of the questions raised, I think we’ve confirmed your level of understanding on this one. Thanks

[P-Jay]

Sport_Turismo_GTS said:

Of course, I m reminded that some on the left are in favour of taxes to penalise the rich, even if it makes everyone worse off

Oh yeah, you don't want to mess with trickle down economics, it's going to pay of any moment now.

As usual, the right of centre are up in arms about something that won't touch them. They're talking about making people with £10m+ in cash and assets pay a bit of tax. That's not even the City Boy Rich Kids, it's the families who haven't pay taxes since the King rode around on horseback and handed their ancestors counties for being a decent sort. They're not after your 4-bed detached in Basildon in 'the right school catchment'.

[Arrivalist]

.:ian:. said:

This made me chuckle more though.

Chief Secretary to the Treasury Emma Reynolds earlier told Sky News: "I welcome the fact that people of good means are saying that they want to pay more. They can pay more. Fill yer boots. https://www.gov.uk/guidance/voluntary-payments-don... Dont forget to post your submission on the social meeds for all the likes you performative narcissists."

(she may not have said all those things)

Maybe it’s a narcissistic, virtue signalling wealth tax we need?

[malks222]

If they are all so happy to pay additional tax to hmrc can we assume they already:

- declare their full earnings as PAYE income? they dont avoid tax by having their own limited company (in only their name) and paying themselves a mix of salary and dividends?

- do not use a ‘pension’, and after they’ve paid full PAYE tax on their full earnings, just save this money in a normal ‘general investment account’, that they also pay tax on?

- don’t have trusts or anything like that set up for families to benefit from their wealth in a tax efficient manner at a later date?

[Blue_star]

They can use their platform campaigning which will be more successful for the country rather than donations. Well done Gary!

[JagLover]

snuffy said:

Because they know what will happen over time.

Well yes

£10m sounds like a lot but some private homes in the South East, plus a pension pot, will get to a few million now. Let alone with another generation of inflation with the threshold left unchanged........

Plus we all benefit from a thriving economy and wealth taxes seem expressly designed to force people to relocate who help produce that.