Bet365 Boss is Highest Earner in UK
Discussion
If ever we needed to be told that gambling is a mugs game for the punter, then this should do it!
https://www.bbc.co.uk/news/business-46289499
Denise Coates has just had another bumper pay rise.
https://www.bbc.co.uk/news/business-46289499
Denise Coates has just had another bumper pay rise.
Glasgowrob said:
Did no one see the £75 million a year payment to charity ?
Hmm.Quote "The group paid £75m into its charitable fund, set up in Ms Coates' name"
Is that exactly the same thing?
Any road up, where did the 75 million quid come from, if not from the punters? Did they say, "Oh by the way, I want a percentage of my stake money to go to charity?"
ash73 said:
This and footballers' salaries etc has got me thinking there may be a case for abolishing inheritance. Perhaps the answer is to let people earn as much as they like, but it all goes back to the government when they die, and can be redistributed.
I've got nothing against people being successful and making the most of their lives, but I hate the idea of all that money being handed down to future layabout generations.
That is quite possibly one of the most ridiculous things I have read on here.I've got nothing against people being successful and making the most of their lives, but I hate the idea of all that money being handed down to future layabout generations.
Some people spend their whole lives providing and building security for their children, simply because they want to. The figures involved can sometimes be little, and sometimes vast, but the sentiment is the same.
I don't see anything wrong with that, and I'm not sure why anyone would object to it.
I know many people who have stated throughout their lives that everything they earned and everything they did was for their children, and they would do it all again tomorrow if they got the chance.
I think our current inheritance tax rules are a step too far as it is.
Cold said:
dandarez said:
Amazing how high in business you can get with beginnings like hers, she founded Bet365 in her early 30s in a car park in 2000.
'Bet'
there's more to it than that.
Wonder what/where the 365 came from?
Number of punters/suckers in the car park?
What? 'Bet'
there's more to it than that. Wonder what/where the 365 came from?
Number of punters/suckers in the car park?
the Truth.
Sometimes stranger than fiction.
I didn't 'start' my business in a car park, but I did sell over a grand's worth of one of my first products in one in the 80s!
Million miles away from this extremely rich woman.
Sorry, make that a billion, billion, billion miles away!
Nonetheless, I'm very happy with my lot.
dandarez said:
Amazing how high in business you can get with beginnings like hers, she founded Bet365 in her early 30s in a car park in 2000.
'Bet' there's more to it than that.
Wonder what/where the 365 came from?
Number of punters/suckers in the car park?
She inherited her dad's chain of betting shops. It went from there, it was the concept of betting online that made her.'Bet'
there's more to it than that. Wonder what/where the 365 came from?
Number of punters/suckers in the car park?
dandarez said:
Amazing how high in business you can get with beginnings like hers, she founded Bet365 in her early 30s in a car park in 2000.
'Bet' there's more to it than that.
Wonder what/where the 365 came from?
Number of punters/suckers in the car park?
Pre 2000 you couldn’t bet easily year round her idea met that need. 'Bet'
there's more to it than that. Wonder what/where the 365 came from?
Number of punters/suckers in the car park?
Now with smart phones and live constant bettering during sport or politics or whatever it’s appeal is high wide and deep.
Human nature is greed and self preservation - everyone is a gambler and an addict (drink drugs sex).
ash73 said:
This and footballers' salaries etc has got me thinking there may be a case for abolishing inheritance. Perhaps the answer is to let people earn as much as they like, but it all goes back to the government when they die, and can be redistributed.
I've got nothing against people being successful and making the most of their lives, but I hate the idea of all that money being handed down to future layabout generations.
Right, so if you had a wealthy relative who passed away with you as the only beneficiary, you’d be happy for millions to be taken away from you by your government so that it could be distributed to a layabout generation? Have you thought this through? I've got nothing against people being successful and making the most of their lives, but I hate the idea of all that money being handed down to future layabout generations.
Anyway I say fair play to the woman. I know I wouldn’t turn down that sort of money and nor would anyone else on the planet, including those that are seemingly offended that someone else has made a better financial success of their lives than they have.
ash73 said:
This and footballers' salaries etc has got me thinking there may be a case for abolishing inheritance. Perhaps the answer is to let people earn as much as they like, but it all goes back to the government when they die, and can be redistributed.
I've got nothing against people being successful and making the most of their lives, but I hate the idea of all that money being handed down to future layabout generations.
Right on, Brother I've got nothing against people being successful and making the most of their lives, but I hate the idea of all that money being handed down to future layabout generations.
We already have a system of inheritance tax, and what that has shown is that the very wealthy have the means to organise their wealth such that their estates remain largely intact on their passing. What you're proposing is 100% inheritance tax, and that wouldn't change anything, except that the average person who doesn't have the wherewithal to set up the necessary trust funds, or whatever, would lose everything, whereas the wealthy would still find a way to hang onto most/all of theirs.
coyft said:
thegreenhell said:
ash73 said:
This and footballers' salaries etc has got me thinking there may be a case for abolishing inheritance. Perhaps the answer is to let people earn as much as they like, but it all goes back to the government when they die, and can be redistributed.
I've got nothing against people being successful and making the most of their lives, but I hate the idea of all that money being handed down to future layabout generations.
Right on, Brother I've got nothing against people being successful and making the most of their lives, but I hate the idea of all that money being handed down to future layabout generations.
We already have a system of inheritance tax, and what that has shown is that the very wealthy have the means to organise their wealth such that their estates remain largely intact on their passing. What you're proposing is 100% inheritance tax, and that wouldn't change anything, except that the average person who doesn't have the wherewithal to set up the necessary trust funds, or whatever, would lose everything, whereas the wealthy would still find a way to hang onto most/all of theirs.
People with money will move to another country, spend it or give away all their money before D day.
Never going to happen.
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