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Post by wannabee on Nov 22, 2023 19:00:49 GMT
Easier said than done imo - extracting money after its been given is a far more difficult prospect. They wont simply have a pile of cash, it'll be diversified into all sorts of assets. Many other countries do it. We could if there was the will. Austria, Denmark , Germany, the Netherlands, Finland, Iceland, Luxembourg, and Sweden all abolished Wealth Taxes most in 1990s Only Norway, Spain and Switzerland within Europe still have Wealth Taxes Even in those Countries it raises a negligible amount 1% 0.5% and 3.5% respectively of all Taxes raised Liquid Assets are mobile as are Tax Havens accessible
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Post by Paul Spencer on Nov 22, 2023 19:09:42 GMT
Levelling up?
Fuck 'em, those northern monkeys are all as thick as shit ...
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Post by wannabee on Nov 22, 2023 19:14:50 GMT
I see Rishi's plan to have UK as a Leader in AI are going well The World's Leading AI Company OpenAI have just announced its European Headquarters will be in Dublin Artificial intelligence company OpenAI is to set up its European headquarters in Dublin before the end of the year, as the company seeks to expand in Europe. The creator of ChatGPT already has an office in London, where it employs 10 people. But chief strategy officer Jason Kwon told The Irish Times that the company needed to have an EU-based office to ensure that they could access talent and support customers that they already had in the region. “ If we want to be a global company, we need to be in Europe,” he said. “It’s largely about first getting to Europe and expanding there. That is that is the primary goal.” www.irishtimes.com/technology/2023/09/14/open-ai-to-set-up-dublin-office-before-year-end/
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Post by oggyoggy on Nov 22, 2023 19:17:37 GMT
Many other countries do it. We could if there was the will. Austria, Denmark , Germany, the Netherlands, Finland, Iceland, Luxembourg, and Sweden all abolished Wealth Taxes most in 1990s Only Norway, Spain and Switzerland within Europe still have Wealth Taxes Even in those Countries it raises a negligible amount 1% 0.5% and 3.5% respectively of all Taxes raised Liquid Assets are mobile as are Tax Havens accessible And France has a wealth tax. We need lots of measures to tax the rich as the rich pay less tax proportionally on their assets and income than anyone else. It is profoundly wrong.
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Post by vidigal7 on Nov 22, 2023 19:24:30 GMT
Haha, you must be joking, I don't read newspapers or an avid watcher of the news, I do however follow good ol' Nigel Farage, bleeds red, white & Blue, him. Not even brought a Sentinel since it was 28 pence From the video I saw about that 'English' 'Gent' it seems he's more likely to bleed black, red and gold 😄 I suspect you'll still be making full use of the online Mail, you do seem quite a fan, one of the few left in fact that actually believe the tripe they publish. No I can assure you I don't tune into any news outlet, they're all full of shit depending on which side they lean too. If I hear any type of news its either on the radio, by accident on t.v or snippets people put on here. There is very little good news about
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Post by elystokie on Nov 22, 2023 19:40:59 GMT
From the video I saw about that 'English' 'Gent' it seems he's more likely to bleed black, red and gold 😄 I suspect you'll still be making full use of the online Mail, you do seem quite a fan, one of the few left in fact that actually believe the tripe they publish. No I can assure you I don't tune into any news outlet, they're all full of shit depending on which side they lean too. If I hear any type of news its either on the radio, by accident on t.v or snippets people put on here. There is very little good news about Must've mixed you up with someone else, apologies.
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Post by OldStokie on Nov 22, 2023 19:54:12 GMT
I wouldn’t mind paying the Tax/Vat/NI, if it felt like I was getting something back.. every public service is fucking shit, the roads are a joke, but we’re paying out record levels of tax. I mean if there were shiny new hospitals/schools etc it’d be a reasonable compromise. And as for Gully (another leaflet through the door/ straight in the bin) about how he’s transforming tunstall library and swimming baths.. his party shut the things! When you actually sit back and think of all the money in taxes/vat/road tax and all the other taxes that they’re taking in, I mean where the hell does it all go🤷🏼♂️ serious question?? Yep, they've been shit for ages, will continue to be shit, and when Labour get in they will be just as shit. At least this time next year i will be £400 better off. Henry, you do realise that the £400 you're getting is your own money? The freezing of the income tax threshold in 2021 is paying for the majority of the 'perks' the government is now handing out. Fagin is still alive and kicking in the shape of this Tory trash and Hunt is playing the role of the Artful Dodger brilliantly. All this while many in the country are ignorantly acting like Oliver. OS.
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Post by wannabee on Nov 22, 2023 19:55:11 GMT
Austria, Denmark , Germany, the Netherlands, Finland, Iceland, Luxembourg, and Sweden all abolished Wealth Taxes most in 1990s Only Norway, Spain and Switzerland within Europe still have Wealth Taxes Even in those Countries it raises a negligible amount 1% 0.5% and 3.5% respectively of all Taxes raised Liquid Assets are mobile as are Tax Havens accessible And France has a wealth tax. We need lots of measures to tax the rich as the rich pay less tax proportionally on their assets and income than anyone else. It is profoundly wrong. And it led to a mass exodus of high net worth individuals when it was introduced in 2012 The Revenue collected peaked in 2016 at €5M in 2021, the most recently recorded, it dropped to €2M It is mostly symbolic which is ironic as it replaced IFI which was a "Solidarity Tax" Don't get me wrong I Think the UK Tax Code is a shambles with far too many loopholes that never get repealed. Jesus Christ we recently had a Chancellor of the Exchequer who was done for Tax Avoidance I just don't think a recurrent Wealth Tax would raise much and could be counterproductive which is why many Countries that had a Wealth Tax now don't
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Post by oggyoggy on Nov 22, 2023 20:00:36 GMT
And France has a wealth tax. We need lots of measures to tax the rich as the rich pay less tax proportionally on their assets and income than anyone else. It is profoundly wrong. And it led to a mass exodus of high net worth individuals when it was introduced in 2012 The Revenue collected peaked in 2016 at €5M in 2021, the most recently recorded, it dropped to €2M It is mostly symbolic which is ironic as it replaced IFI which was a "Solidarity Tax" Don't get me wrong I Think the UK Tax Code is a shambles with far too many loopholes that never get repealed. Jesus Christ we recently had a Chancellor of the Exchequer who was done for Tax Avoidance I just don't think a recurrent Wealth Tax would raise much and could be counterproductive which is why many Countries that had a Wealth Tax now don't Taxes raise revenue if you close the loopholes. So there has to be the will to actually do it.
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Post by wannabee on Nov 22, 2023 20:03:26 GMT
I wouldn’t mind paying the Tax/Vat/NI, if it felt like I was getting something back.. every public service is fucking shit, the roads are a joke, but we’re paying out record levels of tax. I mean if there were shiny new hospitals/schools etc it’d be a reasonable compromise. And as for Gully (another leaflet through the door/ straight in the bin) about how he’s transforming tunstall library and swimming baths.. his party shut the things! When you actually sit back and think of all the money in taxes/vat/road tax and all the other taxes that they’re taking in, I mean where the hell does it all go🤷🏼♂️ serious question?? Yep, they've been shit for ages, will continue to be shit, and when Labour get in they will be just as shit. At least this time next year i will be £400 better off. Henry on your about £32,500 Annual Salary if the Tax Thresholds had been raised normally in line with inflation in September 2022 and 2023 the frozen £12,571 at which you pay 20% Tax would have been £2,500 higher meaning you would pay £500 less Tax If this sleight of hand makes you happy, good luck with that.
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Post by thehartshillbadger on Nov 22, 2023 20:17:42 GMT
Does anybody take any of this shit seriously?
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Post by wannabee on Nov 22, 2023 20:18:34 GMT
And it led to a mass exodus of high net worth individuals when it was introduced in 2012 The Revenue collected peaked in 2016 at €5M in 2021, the most recently recorded, it dropped to €2M It is mostly symbolic which is ironic as it replaced IFI which was a "Solidarity Tax" Don't get me wrong I Think the UK Tax Code is a shambles with far too many loopholes that never get repealed. Jesus Christ we recently had a Chancellor of the Exchequer who was done for Tax Avoidance I just don't think a recurrent Wealth Tax would raise much and could be counterproductive which is why many Countries that had a Wealth Tax now don't Taxes raise revenue if you close the loopholes. So there has to be the will to actually do it. But that is a different argument entirely and one I introduced and support Wealth Taxes have proved to ineffective and sometimes counter productive which is why the majority of countries which did have them abolished them years ago If a Wealth Tax were introduced how much more would UK raise more than the €2 Million France raise?
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Post by thehartshillbadger on Nov 22, 2023 20:49:40 GMT
I find it quite bizarre people are getting all upset or otherwise about Hunts speech today. It was nothing new, it was saying things people want to hear then people realising it’s actually shit in reality as it always has been in my adult lifetime.
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Post by knype on Nov 22, 2023 20:50:48 GMT
I find it quite bizarre people are getting all upset or otherwise about Hunts speech today. It was nothing new, it was saying things people want to hear then people realising it’s actually shit in reality as it always has been in my adult lifetime. Every budget is like you say mate
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Post by gawa on Nov 22, 2023 21:57:26 GMT
I find it quite bizarre people are getting all upset or otherwise about Hunts speech today. It was nothing new, it was saying things people want to hear then people realising it’s actually shit in reality as it always has been in my adult lifetime. Your second sentence answers your first there mate.
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Post by wannabee on Nov 22, 2023 22:18:42 GMT
I find it quite bizarre people are getting all upset or otherwise about Hunts speech today. It was nothing new, it was saying things people want to hear then people realising it’s actually shit in reality as it always has been in my adult lifetime. Your second sentence answers your first there mate. Except I doubt it's what most people wanted to hear Even a Lunatic like Truss new the way out of stagnation and decay was Investment to increase Productivity and the creation of Wealth Today we got Blancmange and a Conjecturing Act of rotating the Deckchairs
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Post by lordb on Nov 22, 2023 22:27:32 GMT
I find it quite bizarre people are getting all upset or otherwise about Hunts speech today. It was nothing new, it was saying things people want to hear then people realising it’s actually shit in reality as it always has been in my adult lifetime. Every budget is like you say mate Especially struggling governments pre GE
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Post by foghornsgleghorn on Nov 22, 2023 22:30:09 GMT
What we have seen today is the expected bribes to sway those unable to understand fiscal drag.
We have seen the expected failure to support a public sector reeling from inflation.
And we have seen the increasingly desperate attempts to stimulate growth after Brexit failed spectacularly to produce any signs of delivering on the promises made.
What a mess.
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Post by RedandWhite90 on Nov 22, 2023 22:54:31 GMT
I find it quite bizarre people are getting all upset or otherwise about Hunts speech today. It was nothing new, it was saying things people want to hear then people realising it’s actually shit in reality as it always has been in my adult lifetime. Be grateful you don't live in Stockton.
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Post by oggyoggy on Nov 22, 2023 23:01:01 GMT
Taxes raise revenue if you close the loopholes. So there has to be the will to actually do it. But that is a different argument entirely and one I introduced and support Wealth Taxes have proved to ineffective and sometimes counter productive which is why the majority of countries which did have them abolished them years ago If a Wealth Tax were introduced how much more would UK raise more than the €2 Million France raise? I’m not sure where you are getting your figures from, but in 2015 it raised €5.22bn in France. Not loads but many times more than €2m. If it led to people leaving which overall reduces tax revenue then it may not be the right thing to do. There are plenty other things that could be done to tax wealth. Closing IHT and CGT loopholes and taxing CGT at the same level as income tax would be a start. A 50%tax on income over £500k or on any income if your capital is worth over a certain level. Tax dividends and other non earned income the same as income tax levels (inclusive of NI). Personally I would get rid of NI, measure state pension contributions another way and simplify the tax code. I don’t think it is right that Rishi Sunak pays less tax as a percentage than me. I have high income but very little capital. Why should I be taxed more than multi millionaires?
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Post by thehartshillbadger on Nov 22, 2023 23:03:25 GMT
I find it quite bizarre people are getting all upset or otherwise about Hunts speech today. It was nothing new, it was saying things people want to hear then people realising it’s actually shit in reality as it always has been in my adult lifetime. Be grateful you don't live in Stockton. Why?
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Post by oggyoggy on Nov 22, 2023 23:05:13 GMT
Be grateful you don't live in Stockton. Why? The Home Sec called it a shithole in Parliament today
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Post by wannabee on Nov 22, 2023 23:50:15 GMT
But that is a different argument entirely and one I introduced and support Wealth Taxes have proved to ineffective and sometimes counter productive which is why the majority of countries which did have them abolished them years ago If a Wealth Tax were introduced how much more would UK raise more than the €2 Million France raise? I’m not sure where you are getting your figures from, but in 2015 it raised €5.22bn in France. Not loads but many times more than €2m. If it led to people leaving which overall reduces tax revenue then it may not be the right thing to do. There are plenty other things that could be done to tax wealth. Closing IHT and CGT loopholes and taxing CGT at the same level as income tax would be a start. A 50%tax on income over £500k or on any income if your capital is worth over a certain level. Tax dividends and other non earned income the same as income tax levels (inclusive of NI). Personally I would get rid of NI, measure state pension contributions another way and simplify the tax code. I don’t think it is right that Rishi Sunak pays less tax as a percentage than me. I have high income but very little capital. Why should I be taxed more than multi millionaires? France does not have a Wealth Tax per se since 2018 It has a Tax on Property which generates about 1% of all Taxes raised in France You keep changing the agenda I totally agree that the UK Tax Code should be reformed and earned and unearned income should be taxed at the same rate and deductables should be scrapped and I have said so 3 or 4 times already on this thread and beforehand The headline figure of Revenue raised does not take account of the negative consequences of Revenue lost which is why the vast majority of Countries that did have a Wealth Tax no longer have. Individuals are not static and can alter their practices to avoid paying tax if it's convenient and easy which most Countries discovered I realise you have a particular issue with high value Property not being Taxed (which would be a Property Tax not a Wealth Tax) while you struggle to get on the ladder in the location you reside If you want to die on the cross for a Wealth Tax so be it, I've said all I've needed to say on the subject.
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Post by gawa on Nov 23, 2023 1:38:31 GMT
When unemployed are forced into doing work experience. I wonder which companies will benefit from the free labour. Or will they do some sort of public sector work?
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Post by Deleted on Nov 23, 2023 2:04:42 GMT
When unemployed are forced into doing work experience. I wonder which companies will benefit from the free labour. Or will they do some sort of public sector work? Oh, I absolutely believe that they will be pocketing money from it (if it ever went ahead (like wannabee says, they have to stay in power first)). They have said that they would give incentives to businesses for it as well. It’s also likely that any program that is done by many companies will be a waste of everyone’s time and not teach anyone anything. However, I do believe that some (many? Most?) companies could enter in good faith and that motivated people could get experience that puts them on the right job ladder for them. I think that it’s a pretty decent proposal. It will be abused like many. Then again, if people don’t like doing that work, they could apply for paid work elsewhere.
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Post by wannabee on Nov 23, 2023 2:09:04 GMT
When unemployed are forced into doing work experience. I wonder which companies will benefit from the free labour. Or will they do some sort of public sector work? Don't fall into the Culture War Crap The proposal is to potentially introduce this in late 2024 i.e. never Fight the Bastards on the record of what they have done, not on what they threaten to do
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Post by henry on Nov 23, 2023 6:49:46 GMT
Yep, they've been shit for ages, will continue to be shit, and when Labour get in they will be just as shit. At least this time next year i will be £400 better off. Henry on your about £32,500 Annual Salary if the Tax Thresholds had been raised normally in line with inflation in September 2022 and 2023 the frozen £12,571 at which you pay 20% Tax would have been £2,500 higher meaning you would pay £500 less Tax If this sleight of hand makes you happy, good luck with that. Open goal for Labour then. What was Reeves stance on the raising of the income tax threshold of £2500 at your party conference?
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Post by henry on Nov 23, 2023 6:58:31 GMT
I find it quite bizarre people are getting all upset or otherwise about Hunts speech today. It was nothing new, it was saying things people want to hear then people realising it’s actually shit in reality as it always has been in my adult lifetime. Every budget is like you say mate And every budget under the incoming Labour Party will be the same.
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Post by henry on Nov 23, 2023 7:06:21 GMT
Yep, they've been shit for ages, will continue to be shit, and when Labour get in they will be just as shit. At least this time next year i will be £400 better off. Henry, you do realise that the £400 you're getting is your own money? The freezing of the income tax threshold in 2021 is paying for the majority of the 'perks' the government is now handing out. Fagin is still alive and kicking in the shape of this Tory trash and Hunt is playing the role of the Artful Dodger brilliantly. All this while many in the country are ignorantly acting like Oliver. OS. I’m well aware of how income tax thresholds work. As for the £400, I’ll take it , and wait for Labour to raise the ITT by 20% in their first budget 😂 And for the time being, my lower disposable income won’t leave my wallet, that will help with growth.
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Post by andystokey on Nov 23, 2023 7:52:28 GMT
Levelling up? Fuck 'em, those northern monkeys are all as thick as shit ... I still don't understand why they wouldn't convert that 2% into the abolished "social care" tax and do some good. Hunt could barely hide his hardon for "beautiful leafy Surrey" whilst handing out freebies to constituency MPs on his own benches. The 2% redistributed evenly across the UK into social care would have evened out that map. Those with the broadest back taking the burden.
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