Jeremy Corbyn Vol. 2
Discussion
gadgetmac said:
Zod said:
Trolleys Thank You said:
technodup said:
Why stop at 10%? You could take 80% and not affect the richest's daily lives.
Yep. You're getting the hang of this now.If you confiscate the majority of the money made by richer people, they have no incentive to make more money through investing hard work and money in growing businesses in the UK.
It’s unthinkable that people of that mindset would be so demoralised by an increase in taxation that they’d abandon their entreprenurial instincts.
It’s like the tired old myth that they’d leave the UK in droves. If it were true we’d be swamped with French wealth makers ourselves.
https://www.standard.co.uk/news/london/emmanuel-ma...
WindyCommon said:
According to Emmanuel Macron, London is the sixth biggest French city:
https://www.standard.co.uk/news/london/emmanuel-ma...
From reading that article, his enticements to get them back, tax wasn't mentioned, seems there are other more important issues in his mind.https://www.standard.co.uk/news/london/emmanuel-ma...
djc206 said:
The average Dane pays 45% income tax. I have no problem with high taxation so long as the majority who wish to benefit from a well organised state are contributing to it like in Denmark. Under Corbyn only the top 5% of earners would be paying that sort of contribution so it simply wouldn’t work.
Quite, don't forget that under the Conservatives the tax free allowance has grown to £11,850, so a minimum wage earner on £7.83 an hour working 37.5 hours a week is contributing a stunning £684 a year to the Treasury via income tax. Education is approximately 12% of Treasury spend, so the minimum wage earner is contributing £82 a year, for which each of his children can attend school for 14 years. Whilst someone on say £110k is contributing £40,181 in Income tax, of which £4822 goes to education, and his kids likely aren't even using the service yet Corbyn thinks he should pay even more by adding VAT to private school fees. And apparently the current system is unfair to the man on minimum wage
I have no issues paying a lot of tax, but I refuse to be demonised and told that I am part of an elite holding other people back, because I am (modestly) successful
The top 10% in the UK pay 60% of all income tax recipts
The top 1% pay 27%
The bottom 50% pay 9%
https://www.ifs.org.uk/publications/9178
It's morally wrong to blame capitalism, the rich, and say they can / should pay more, they already pay a lot more
Halb said:
WindyCommon said:
According to Emmanuel Macron, London is the sixth biggest French city:
https://www.standard.co.uk/news/london/emmanuel-ma...
From reading that article, his enticements to get them back, tax wasn't mentioned, seems there are other more important issues in his mind.https://www.standard.co.uk/news/london/emmanuel-ma...
"Unfortunately, the first projects unveiled by your government do not engage on this path. On the contrary, they portend a number of ominous consequences. The implementation of a confiscatory fiscal policy would cripple our major companies by accelerating the exodus of their management heads, while freezing investment into small and medium-size businesses. The fleecing of the middle classes as well would accentuate the weakening of the work ethic, already damaged by the 35-hour week."
amusingduck said:
£7.83 minimum wage x 40 hours a week x 44 weeks (to err on side of caution) is approx £13k net pa.
That puts you in the top 6% worldwide, according to http://www.globalrichlist.net/
I see no reason why they'd be exempt
It is 52 weeks of the year, you have to pay holidays. That puts you in the top 6% worldwide, according to http://www.globalrichlist.net/
I see no reason why they'd be exempt
So it is £16,286 a year. So £14500 take home. So in the top 4.5%
Trolleys Thank You said:
gizlaroc said:
It is 52 weeks of the year, you have to pay holidays.
So it is £16,286 a year. So £14500 take home. So in the top 4.5%
And yet we still have food banks and people struggling to put a roof over their heads. Oh, those envious minimum wage elitists.So it is £16,286 a year. So £14500 take home. So in the top 4.5%
9xxNick said:
99% of Venezuelans would give their eye teeth to be in that position...
As 9xxNick writes. I would wager there were thousands of Venezuelans who thought exactly like Trolleys. Look where they are now, all the pets and zoo animals have been killed and eaten and everyone has virtually nothing. This is always the endgame with this rancid ideology.Like people who endured decades of Communism, once they were free from it, they never want to go back to it, for good reason.
Trolleys Thank You said:
gizlaroc said:
It is 52 weeks of the year, you have to pay holidays.
So it is £16,286 a year. So £14500 take home. So in the top 4.5%
And yet we still have food banks and people struggling to put a roof over their heads. Oh, those envious minimum wage elitists.So it is £16,286 a year. So £14500 take home. So in the top 4.5%
We have numerous reasons for that.
Too many single parent families where the partner has shown no commitment and buggers off leaving the other to try and raise kids and find a job that fits in with doing that.
Too many people using places like Amazon where they are paying no tax or buying from supermarkets where they are selling products at less than it costs our farmers to produce them.
People choosing a life of benefits with absolutely no intention of working which effects what can be done for those that need proper help at times in their life.
The list goes on and on and on.
Taxing employers, and let's remember over 99% of private employers in the UK are SMEs, (60% sole traders and 7% partnerships) who are often struggling to survive is really not the answer. We need to help businesses so we have them there to employ more people and pay them a better wage.
Let's remember, employers want to keep good staff, so they will pay them as much as they can to do so.
It is the Amazons of this world who just see employees as a number that have a 'take it or leave it' attitude to their staff, however they account for such a small percentage of UK employment yet seem to get all the press and get people who don't understand how UK business really works for the masses all riled up.
So you tax businesses more, the smaller firms go bust and the large corporations move their operations overseas to avoid paying the tax here as the rate is too high.
The knock on effect would have huge ramifications, we have high earners because the current system sort of works, could be better, but it works, bring in Labours policies of £21,000 minimum wage and raising corp tax by 50% and the country would go into meltdown, combine this with the increased spending they would have done in the 2-3 years before the collapse happened and we would be in depression let alone a recession.
It would make the 70s and 80s look like paradise, everyone would vote Tory and we would be back spending two decades getting us to even being close to being back on track, by that time we would have a load of 35 year olds who had known no different who would be at some Festival shouting out for the next Communist Leader and crying that austerity has ruined our wonderful country.
Yeah of course that is what ruined it you think
s. Edited by gizlaroc on Wednesday 25th April 20:58
Trolleys Thank You said:
And yet we still have food banks and people struggling to put a roof over their heads. Oh, those envious minimum wage elitists.
The Trussell Trust will tell you that food bank usage is mostly due to “the result of an immediate income crisis”. Minimum wage workers in stable employment are not big users apparently. I know when I lived on minimum wage I could afford to eat and drink including going out at least once a week and pay my rent without issue. It’s not great but with careful budgeting even in the south of England it’s doable.gizlaroc said:
Trolleys Thank You said:
gizlaroc said:
It is 52 weeks of the year, you have to pay holidays.
So it is £16,286 a year. So £14500 take home. So in the top 4.5%
And yet we still have food banks and people struggling to put a roof over their heads. Oh, those envious minimum wage elitists.So it is £16,286 a year. So £14500 take home. So in the top 4.5%
We have numerous reasons for that.
Too many single parent families where the partner has shown no commitment and buggers off leaving the other to try and raise kids and find a job that fits in with doing that.
Too many people using places like Amazon where they are paying no tax or buying from supermarkets where they are selling products at less than it costs our farmers to produce them.
People choosing a life of benefits with absolutely no intention of working which effects what can be done for those that need proper help at times in their life.
The list goes on and on and on.
Taxing employers, and let's remember over 99% of private employers in the UK are SMEs, (60% sole traders and 7% partnerships) who are often struggling to survive is really not the answer. We need to help businesses so we have them there to employ more people and pay them a better wage.
Let's remember, employers want to keep good staff, so they will pay them as much as they can to do so.
It is the Amazons of this world who just see employees as a number that have a 'take it or leave it' attitude to their staff, however they account for such a small percentage of UK employment yet seem to get all the press and get people who don't understand how UK business really works for the masses all riled up.
So you tax businesses more, the smaller firms go bust and the large corporations move their operations overseas to avoid paying the tax here as the rate is too high.
The knock on effect would have huge ramifications, we have high earners because the current system sort of works, could be better, but it works, bring in Labours policies of £21,000 minimum wage and raising corp tax by 50% and the country would go into meltdown, combine this with the increased spending they would have done in the 2-3 years before the collapse happened and we would be in depression let alone a recession.
It would make the 70s and 80s look like paradise, everyone would vote Tory and we would be back spending two decades getting us to even being close to being back on track, by that time we would have a load of 35 year olds who had known no different who would be at some Festival shouting out for the next Communist Leader and crying that austerity has ruined our wonderful country.
Yeah of course that is what ruined it you think
s. Edited by anonymous-user on Wednesday 25th April 20:58
Well said.
gizlaroc said:
But that is not due to minimum wage.
We have numerous reasons for that.
Too many single parent families where the partner has shown no commitment and buggers off leaving the other to try and raise kids and find a job that fits in with doing that.
Too many people using places like Amazon where they are paying no tax or buying from supermarkets where they are selling products at less than it costs our farmers to produce them.
People choosing a life of benefits with absolutely no intention of working which effects what can be done for those that need proper help at times in their life.
The list goes on and on and on.
Taxing employers, and let's remember over 99% of private employers in the UK are SMEs, (60% sole traders and 7% partnerships) who are often struggling to survive is really not the answer. We need to help businesses so we have them there to employ more people and pay them a better wage.
Let's remember, employers want to keep good staff, so they will pay them as much as they can to do so.
It is the Amazons of this world who just see employees as a number that have a 'take it or leave it' attitude to their staff, however they account for such a small percentage of UK employment yet seem to get all the press and get people who don't understand how UK business really works for the masses all riled up.
So you tax businesses more, the smaller firms go bust and the large corporations move their operations overseas to avoid paying the tax here as the rate is too high.
The knock on effect would have huge ramifications, we have high earners because the current system sort of works, could be better, but it works, bring in Labours policies of £21,000 minimum wage and raising corp tax by 50% and the country would go into meltdown, combine this with the increased spending they would have done in the 2-3 years before the collapse happened and we would be in depression let alone a recession.
It would make the 70s and 80s look like paradise, everyone would vote Tory and we would be back spending two decades getting us to even being close to being back on track, by that time we would have a load of 35 year olds who had known no different who would be at some Festival shouting out for the next Communist Leader and crying that austerity has ruined our wonderful country.
Yeah of course that is what ruined it you thinks.
Lol. Nice dose of "blame the poor" followed by some pretty wild extrapolations.We have numerous reasons for that.
Too many single parent families where the partner has shown no commitment and buggers off leaving the other to try and raise kids and find a job that fits in with doing that.
Too many people using places like Amazon where they are paying no tax or buying from supermarkets where they are selling products at less than it costs our farmers to produce them.
People choosing a life of benefits with absolutely no intention of working which effects what can be done for those that need proper help at times in their life.
The list goes on and on and on.
Taxing employers, and let's remember over 99% of private employers in the UK are SMEs, (60% sole traders and 7% partnerships) who are often struggling to survive is really not the answer. We need to help businesses so we have them there to employ more people and pay them a better wage.
Let's remember, employers want to keep good staff, so they will pay them as much as they can to do so.
It is the Amazons of this world who just see employees as a number that have a 'take it or leave it' attitude to their staff, however they account for such a small percentage of UK employment yet seem to get all the press and get people who don't understand how UK business really works for the masses all riled up.
So you tax businesses more, the smaller firms go bust and the large corporations move their operations overseas to avoid paying the tax here as the rate is too high.
The knock on effect would have huge ramifications, we have high earners because the current system sort of works, could be better, but it works, bring in Labours policies of £21,000 minimum wage and raising corp tax by 50% and the country would go into meltdown, combine this with the increased spending they would have done in the 2-3 years before the collapse happened and we would be in depression let alone a recession.
It would make the 70s and 80s look like paradise, everyone would vote Tory and we would be back spending two decades getting us to even being close to being back on track, by that time we would have a load of 35 year olds who had known no different who would be at some Festival shouting out for the next Communist Leader and crying that austerity has ruined our wonderful country.
Yeah of course that is what ruined it you think
s. Edited by gizlaroc on Wednesday 25th April 20:58
Trolleys Thank You said:
Russian Troll Bot said:
Trolleys Thank You said:
technodup said:
Why stop at 10%? You could take 80% and not affect the richest's daily lives.
Yep. You're getting the hang of this now.Dr Jekyll said:
gadgetmac said:
So, these “rich”, do they all suddenly down tools and stop trying to make money? Or do they redouble their efforts in order to earn even more money so as to offset the increase in the additional tax they are being asked to pay?
It’s unthinkable that people of that mindset would be so demoralised by an increase in taxation that they’d abandon their entreprenurial instincts.
It’s like the tired old myth that they’d leave the UK in droves. If it were true we’d be swamped with French wealth makers ourselves.
There was a case recently where a number of contractors working for a public sector organisation were told that in future their working arrangements would change in such way that their tax liability would be vastly increased. It was a paperwork change only, the work didn't change, only the tax. Most of the contractors instantly terminated their contracts.It’s unthinkable that people of that mindset would be so demoralised by an increase in taxation that they’d abandon their entreprenurial instincts.
It’s like the tired old myth that they’d leave the UK in droves. If it were true we’d be swamped with French wealth makers ourselves.
A neighbour of mine in the same line of work was commuting at weekends to the other end of the country and living in a B & B. When the tax rules changed so that he had to pay travel and accommodation out of taxed income he quit. He then spent 6 months living on savings and paying no tax at all because it just wasn't worth the hassle for what little he would take home.
Governments tax sugary drinks to discourage us from drinking them, cigarettes to discourage us from smoking, motor fuel to discourage us from driving. Then they tax work and are incredulous when less wealth gets created.
WindyCommon said:
gadgetmac said:
Zod said:
Trolleys Thank You said:
technodup said:
Why stop at 10%? You could take 80% and not affect the richest's daily lives.
Yep. You're getting the hang of this now.If you confiscate the majority of the money made by richer people, they have no incentive to make more money through investing hard work and money in growing businesses in the UK.
It’s unthinkable that people of that mindset would be so demoralised by an increase in taxation that they’d abandon their entreprenurial instincts.
It’s like the tired old myth that they’d leave the UK in droves. If it were true we’d be swamped with French wealth makers ourselves.
https://www.standard.co.uk/news/london/emmanuel-ma...
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