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Labour plans tax theft


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12 hours ago, Bill said:

The point of this is that it destroys completely the idea that you're free to earn money and accumulate wealth. What labour is proposing is to impose a (20%?) tax on your assets over an undisclosed value. That means your savings, your house, your car, your pension fund ... all of which you have accumulated AFTER paying tax on your earnings. A wealth tax is the state reaching into your pocket and taking whatever it decides it wants. It is a punishment for success and prudence, justified only by the envy of those who will pay nothing. Isn't socialism wonderful. 

A tax hike on the very wealthy (I doubt anyone reading this will fall into such a bracket) is long overdue.

Generally, they've been raking it in at the expense of the ordinary voter whose real wage level has remained stagnant for decades.

 

Something has to be done to make some of the offending Corporations pay their fair share rather than play the offshore game.

 

 

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1 hour ago, alexscottislegend said:

'tis a question of degree. I won't be paying anything but those over about £70 k will pay just a tad more, inc. Len McCluskey who is quite all right with it, apparently.

You're talking about income. This isn't about income.

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19 hours ago, ranger_syntax said:

It strikes me as unfair.

 

People already pay tax on income prior to purchasing assets.  People then pay V.A.T. on many purchases made after that.

 

Why should people then be expected to pay more tax on what is left?

exactly this.

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5 hours ago, buster. said:

A tax hike on the very wealthy (I doubt anyone reading this will fall into such a bracket) is long overdue.

Generally, they've been raking it in at the expense of the ordinary voter whose real wage level has remained stagnant for decades.

 

Something has to be done to make some of the offending Corporations pay their fair share rather than play the offshore game.

 

 

Then target the Corporations, instead of wealthy individuals who are already paying 50% tax on income.  Why should they pay even more ?  Because they have it ?  Aye, that will encourage inward investment and entrepreneurism.

 

The brain drain will be like nothing we've ever seen.  In a technological age where almost all jobs can be done remotely, makes perfect sense :rolleyes:

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5 hours ago, alexscottislegend said:

'tis a question of degree. I won't be paying anything but those over about £70 k will pay just a tad more, inc. Len McCluskey who is quite all right with it, apparently.

Nothing to do with income, which merely shows how blinkered you are.

 

This is about asset wealth.  Have they even thought of what happens when these assets are passed to children - how are they to pay these wealth taxes on new assets they have ?  We already have too many families having to sell family homes to pay taxes when inherited.

 

So much about this is wrong - it isn't just wrong, its just amazing stupidity.  

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7 hours ago, buster. said:

A tax hike on the very wealthy (I doubt anyone reading this will fall into such a bracket) is long overdue.

Generally, they've been raking it in at the expense of the ordinary voter whose real wage level has remained stagnant for decades.

 

Something has to be done to make some of the offending Corporations pay their fair share rather than play the offshore game.

 

 

How do you know it is a "tax hike on the very wealthy" ?  They haven't disclosed a value.

 

 

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