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Capitalism truly has created an unstoppable monster 07:24 - Nov 3 with 18061 viewsmonytowbray

https://www.theguardian.com/news/2019/nov/02/super-rich-leave-uk-labour-election

It’s disgusting and I hope people wake up to the fact these people have been pulling the strings of the government and press all along.

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Capitalism truly has created an unstoppable monster on 09:14 - Nov 3 with 1269 viewsjjblue84

Capitalism truly has created an unstoppable monster on 08:52 - Nov 3 by StokieBlue

You really need to stop pushing this line - it's self-defeating.

SB


The Communists don’t want to hear it for sure. The capitalists must never tire of reminding them of where it all ends however much they don’t want to hear it!
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Capitalism truly has created an unstoppable monster on 09:18 - Nov 3 with 1264 viewsmonytowbray

Capitalism truly has created an unstoppable monster on 09:14 - Nov 3 by jjblue84

The Communists don’t want to hear it for sure. The capitalists must never tire of reminding them of where it all ends however much they don’t want to hear it!


I think you need to stop posting, start reading up on the differences between communism and socialism, as well as why Communism has panned out as it has in the past, and then start posting again a bit more informed

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Capitalism truly has created an unstoppable monster on 09:27 - Nov 3 with 1241 viewsBloomBlue

Capitalism truly has created an unstoppable monster on 08:40 - Nov 3 by tractorboy1978

Businesses work on exactly the same principle as that which I mentioned earlier. The majority of businesses in this country are SMEs and exactly as you described - an individual or a couple of individuals setting up a company with an idea, working their nuts off, employing under 50 people and making modest profits under £300k per year.

The owners of these businesses aren't remunerating themselves with £1m bonuses, extortionate salaries or enormous dividends. But it is in their interest to support policies that keep taxes as low as possible. Whilst they are doing that, genuinely big businesses such as Amazon aren't paying their taxes at all or are paying taxes that are significantly lower than they should be.
[Post edited 3 Nov 2019 8:42]


But that's the big problem for Labour they are attacking businesses and bundling them all under the same umbrella as Amazon and if you want the money to invest in public services you need businesses to bring that in.

It's a very fine line between encouraging and discouraging business.

If people really want to change the way companies approach paying taxes is for customers to stop using them, ie stop buying from Amazon, stop using Netflix that would change a company much quicker that a Gov tax demand.
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Capitalism truly has created an unstoppable monster on 09:33 - Nov 3 with 1232 viewsjjblue84

Capitalism truly has created an unstoppable monster on 09:18 - Nov 3 by monytowbray

I think you need to stop posting, start reading up on the differences between communism and socialism, as well as why Communism has panned out as it has in the past, and then start posting again a bit more informed


Just like they said in Venezuela, one of Corbyn’s models...
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Capitalism truly has created an unstoppable monster on 10:04 - Nov 3 with 1198 viewsBanksterDebtSlave

Hopefully the fecker are rapidly running out of places to run to...
https://www.theguardian.com/world/2019/oct/30/chile-protests-portraits-protester

...while we're at it imagine 100's of deaths in Hong Kong rather than s puppet west created democracy....
https://www.theguardian.com/commentisfree/2019/nov/03/observer-view-on-iraq
[Post edited 3 Nov 2019 10:07]

"They break our legs and tell us to be grateful when they offer us crutches."
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Capitalism truly has created an unstoppable monster on 10:15 - Nov 3 with 1191 viewsWD19

Have you really just posted that article with a comment about the press pulling peoples strings in the same breath!?
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Capitalism truly has created an unstoppable monster on 10:16 - Nov 3 with 1193 viewshampstead_blue

Why not leave?

Labour will penalise the wealthy for what? Being successful that's why. What is wrong with being wealthy?

Success will be a dirty word under labour. Of course it is delivered by a Union in a truly socialist way then that's OK.

Assumption is to make an ass out of you and me. Those who assume they know you, when they don't are just guessing. Those who assume and insist they know are daft and in denial. Those who assume, insist, and deny the truth are plain stupid. Those who assume, insist, deny the truth and tell YOU they know you (when they don't) have an IQ in the range of 35-49.
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Capitalism truly has created an unstoppable monster on 10:20 - Nov 3 with 1182 viewsGuthrum

On a related note ... by Guthrum 2 Nov 2019 12:29
https://www.theguardian.com/news/2019/nov/02/super-rich-leave-uk-labour-election-win-jeremy-corbyn-wealth-taxes

What use are these people to the country anyway, if all they want to do is pile up personal wealth and flee at the slightest hint of putting anything back through taxation (hardly at punitive rates by 1970s standards)?

Are they going to cut off their own noses (and income streams) by no longer running their businesses in the UK? Even if they do, will that not leave gaps in the market for other entrepreneurs to replace the lost employment?



and

On a related note ... by Guthrum 2 Nov 2019 12:54
I'm not knocking the rich as a whole. Having worked in the charity fundraising sector, I've seen how much many, probably most, of the super-wealthy give to good causes.

I just think it hypocritical that having grown up and run their businesses in a stable country with good infrastructure and a decent social safety net, certain of these types are refusing to pay their fair share. Not punitive rates of 80 or 90%, as we have had in the past. This is only 45 or 50% on the income an individual earns over £80k or £125k.

Interestingly, those making the most fuss include people like Mike Ashley, who does not seem to have the best reputation as an employer.


Good Lord! Whatever is it?
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Capitalism truly has created an unstoppable monster on 10:20 - Nov 3 with 1179 viewsBanksterDebtSlave

Capitalism truly has created an unstoppable monster on 10:16 - Nov 3 by hampstead_blue

Why not leave?

Labour will penalise the wealthy for what? Being successful that's why. What is wrong with being wealthy?

Success will be a dirty word under labour. Of course it is delivered by a Union in a truly socialist way then that's OK.


It's almost like globalism works better for those at the top of the ladder than those at the bottom!

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Capitalism truly has created an unstoppable monster on 10:22 - Nov 3 with 1177 viewshampstead_blue

Just noticed this in the text you love....

John Caudwell, the billionaire founder of Phones4u, has already vowed to leave the country if Corbyn becomes prime minister. Caudwell, who has an estimated £1.6bn fortune, said a Corbyn-led government would be “a complete fiasco” and he would “just go and live in the south of France or Monaco”.

This quote;

THE tycoon behind the Phones4U empire has paid more than £250m in tax since 2008 – 66 times more than Google.

He has also gifted >£200m
His staff paid huge taxes
He started with nothing. Under Labour he would still have NOTHING

Assumption is to make an ass out of you and me. Those who assume they know you, when they don't are just guessing. Those who assume and insist they know are daft and in denial. Those who assume, insist, and deny the truth are plain stupid. Those who assume, insist, deny the truth and tell YOU they know you (when they don't) have an IQ in the range of 35-49.
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Capitalism truly has created an unstoppable monster on 10:22 - Nov 3 with 1176 viewsbrazil1982

Should sole traders also pay their fair share? How many tradesmen have you paid cash to? Taxi drivers, window cleaners? Alot of these are avoiding paying taxes too. All adds up.
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Capitalism truly has created an unstoppable monster on 10:26 - Nov 3 with 1166 viewsDanTheMan

Capitalism truly has created an unstoppable monster on 10:22 - Nov 3 by brazil1982

Should sole traders also pay their fair share? How many tradesmen have you paid cash to? Taxi drivers, window cleaners? Alot of these are avoiding paying taxes too. All adds up.


"Maybe gigantic international corporations should pair a fair amount of tax"

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Capitalism truly has created an unstoppable monster on 10:32 - Nov 3 with 1155 viewsfactual_blue

Capitalism truly has created an unstoppable monster on 07:49 - Nov 3 by Jon_456

Isn’t that evidence that labour would be disastrous for the country?

I understand Labours ideas are probably good in principle but they won’t work. As the article states businesses and millionaires/billionaires will simply leave the country, leaving the government with less money to tax and an increase in unemployment as businesses will look to make back their losses for those that stay.

40% of something is a lot better than 100% of nothing.


Why would some people who have parked obscene amounts of money in UK tax-efficient vehicles moving those obscene amounts of money to other tax havens have any consequences for the ordinary man in the street?

These super-rich people spend all their time - finding the best schemes world-wide for avoiding tax.

What the tories do is try to persuade you that you'll in some way be affected by 'Labour's tax plans'. They're appealing to your snobbery and vanity; people like to think they're part of a financial elite and they aren't.

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Capitalism truly has created an unstoppable monster on 10:56 - Nov 3 with 1117 viewsDarth_Koont

To be fair, it's not capitalism it's neoliberal thinking that's the runaway train.

It's a particularly skewed ideology that would argue the freedom and liberty of the super-rich takes precedence over equality, homelessness and child poverty. And we know that this doesn't create a wealthier, healthier society it just increases imbalances.

Instead of believing the self-interested views of our press and many politicians, we need to look at why other countries' economies are doing better and why their citizens are overall happier and better prepared for the future.

Pronouns: He/Him

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Capitalism truly has created an unstoppable monster on 11:01 - Nov 3 with 1114 viewslongtimefan

Capitalism truly has created an unstoppable monster on 10:32 - Nov 3 by factual_blue

Why would some people who have parked obscene amounts of money in UK tax-efficient vehicles moving those obscene amounts of money to other tax havens have any consequences for the ordinary man in the street?

These super-rich people spend all their time - finding the best schemes world-wide for avoiding tax.

What the tories do is try to persuade you that you'll in some way be affected by 'Labour's tax plans'. They're appealing to your snobbery and vanity; people like to think they're part of a financial elite and they aren't.


Has there been any actual suggestion of how these super rich companies such as Amazon are going to be made to pay their “fair share” My understanding is that most of them actually follow internationally agreed rules. How is the UK going to change that unilaterally. For instance, Amazon channel all their revenue through Luxembourg, an EU member, hardly a shady Caribbean island.
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Capitalism truly has created an unstoppable monster on 11:05 - Nov 3 with 1101 viewsDanTheMan

Capitalism truly has created an unstoppable monster on 11:01 - Nov 3 by longtimefan

Has there been any actual suggestion of how these super rich companies such as Amazon are going to be made to pay their “fair share” My understanding is that most of them actually follow internationally agreed rules. How is the UK going to change that unilaterally. For instance, Amazon channel all their revenue through Luxembourg, an EU member, hardly a shady Caribbean island.


OECD I believe are working on the international side, but France for example has created a special tax for this very purpose.

https://www.bbc.co.uk/news/world-europe-48947922
[Post edited 3 Nov 2019 11:05]

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Capitalism truly has created an unstoppable monster on 11:07 - Nov 3 with 1093 viewshampstead_blue

Capitalism truly has created an unstoppable monster on 10:20 - Nov 3 by BanksterDebtSlave

It's almost like globalism works better for those at the top of the ladder than those at the bottom!


Not at all.

The example I used John Caludwell started with nothing.
He's created thousands of jobs, spawned many entrepreneurs, paid £millions in tax, invested in so many areas....his old business still does this.

What is wrong with him having £1.5bn?
He's done so much.

and he's not the only one. So many entrepreneurs have created £trillions for the working class workers.
All of this due to Maggy in the 80's.

She inherited a mess and gave us a system which isn't perfect but allows wealth creation for the many....

Many of your point of view focus at the top. You forget the jobs and entrepreneurs which have been created below them.

Wealth isn't bad. To get £1.5bn in your hands you have had to create that sum to a factor of 100, maybe 1000 over time.

Assumption is to make an ass out of you and me. Those who assume they know you, when they don't are just guessing. Those who assume and insist they know are daft and in denial. Those who assume, insist, and deny the truth are plain stupid. Those who assume, insist, deny the truth and tell YOU they know you (when they don't) have an IQ in the range of 35-49.
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Capitalism truly has created an unstoppable monster on 11:11 - Nov 3 with 1082 viewslongtimefan

Capitalism truly has created an unstoppable monster on 11:05 - Nov 3 by DanTheMan

OECD I believe are working on the international side, but France for example has created a special tax for this very purpose.

https://www.bbc.co.uk/news/world-europe-48947922
[Post edited 3 Nov 2019 11:05]


Thanks for that. Mind you that report says the French tax is expected to raise 400m Euros, which is a start but is pretty insignificant in the grand scheme of things.
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Capitalism truly has created an unstoppable monster on 11:12 - Nov 3 with 1079 viewsDarth_Koont

Capitalism truly has created an unstoppable monster on 11:07 - Nov 3 by hampstead_blue

Not at all.

The example I used John Caludwell started with nothing.
He's created thousands of jobs, spawned many entrepreneurs, paid £millions in tax, invested in so many areas....his old business still does this.

What is wrong with him having £1.5bn?
He's done so much.

and he's not the only one. So many entrepreneurs have created £trillions for the working class workers.
All of this due to Maggy in the 80's.

She inherited a mess and gave us a system which isn't perfect but allows wealth creation for the many....

Many of your point of view focus at the top. You forget the jobs and entrepreneurs which have been created below them.

Wealth isn't bad. To get £1.5bn in your hands you have had to create that sum to a factor of 100, maybe 1000 over time.


Steady on!

Caudwell hasn't created a new industry and it's perhaps only latterly that he may have brought money into the economy through overseas operations and sales.

He offered a phone selling and billing service at the same time as other companies were offering the same service, so if it wasn't him it would be someone else. This isn't new money.

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Capitalism truly has created an unstoppable monster on 11:32 - Nov 3 with 1036 viewsDanTheMan

Capitalism truly has created an unstoppable monster on 11:07 - Nov 3 by hampstead_blue

Not at all.

The example I used John Caludwell started with nothing.
He's created thousands of jobs, spawned many entrepreneurs, paid £millions in tax, invested in so many areas....his old business still does this.

What is wrong with him having £1.5bn?
He's done so much.

and he's not the only one. So many entrepreneurs have created £trillions for the working class workers.
All of this due to Maggy in the 80's.

She inherited a mess and gave us a system which isn't perfect but allows wealth creation for the many....

Many of your point of view focus at the top. You forget the jobs and entrepreneurs which have been created below them.

Wealth isn't bad. To get £1.5bn in your hands you have had to create that sum to a factor of 100, maybe 1000 over time.


These people do not work in a vacuum. They don't spawn money from nothing.

He will have grown up and gone to schools paid for by everyone else. He will have lived in a society where healthcare is available to all, paid for by others. He and his businesses will have used infrastructure that is paid for by everyone.

The services his companies provided will have been bought by working class people, and the people who actually do a lot of the work will make working class wages.

I imagine he does not work 1,000 times harder than the average man. I imagine if he was born in a remote village in Peru he would not be a billionaire. He had a certain level of luck in that he was born in a time and place where he had a certain set of skills that allowed him to be very successful.

People focus on the top because those people have more. Yes they create jobs, but the only reason those jobs are there is because they sell something that people who are not that wealthy want.

We ask those who have more to contribute more to society, to not be greedy and hoard that wealth that they are incredibly fortunate to have.

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Capitalism truly has created an unstoppable monster on 11:34 - Nov 3 with 1027 viewsfactual_blue

Capitalism truly has created an unstoppable monster on 11:01 - Nov 3 by longtimefan

Has there been any actual suggestion of how these super rich companies such as Amazon are going to be made to pay their “fair share” My understanding is that most of them actually follow internationally agreed rules. How is the UK going to change that unilaterally. For instance, Amazon channel all their revenue through Luxembourg, an EU member, hardly a shady Caribbean island.


I don't think the article is about companies like Amazon, but 'high net worth individuals', for whom the UK - and the Isle of Man and the Channel Islands - is a tax haven.

So this country has all the hallmarks of a 'shady Caribbean island'.

Apart from the weather.

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Capitalism truly has created an unstoppable monster on 12:06 - Nov 3 with 1004 viewstractorboy1978

Capitalism truly has created an unstoppable monster on 10:32 - Nov 3 by factual_blue

Why would some people who have parked obscene amounts of money in UK tax-efficient vehicles moving those obscene amounts of money to other tax havens have any consequences for the ordinary man in the street?

These super-rich people spend all their time - finding the best schemes world-wide for avoiding tax.

What the tories do is try to persuade you that you'll in some way be affected by 'Labour's tax plans'. They're appealing to your snobbery and vanity; people like to think they're part of a financial elite and they aren't.


That last paragraph is spot on. It is staggering the number of people that earn £40-£60k odd and think they are part of that 'elite'. On the other hand, it's also staggering the number of people that earn around/below the average and are envious of those people and position them as the elite that they are fighting against.
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Capitalism truly has created an unstoppable monster on 12:13 - Nov 3 with 991 viewslongtimefan

Capitalism truly has created an unstoppable monster on 11:34 - Nov 3 by factual_blue

I don't think the article is about companies like Amazon, but 'high net worth individuals', for whom the UK - and the Isle of Man and the Channel Islands - is a tax haven.

So this country has all the hallmarks of a 'shady Caribbean island'.

Apart from the weather.


So going back to my question as to how this will be solved, are there any actual stated polices in this respect? Are Labour going to remove the tax haven status of the Channel Islands or the Isle of Man for instanced?
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Capitalism truly has created an unstoppable monster on 12:22 - Nov 3 with 981 viewsmonytowbray

Capitalism truly has created an unstoppable monster on 10:22 - Nov 3 by hampstead_blue

Just noticed this in the text you love....

John Caudwell, the billionaire founder of Phones4u, has already vowed to leave the country if Corbyn becomes prime minister. Caudwell, who has an estimated £1.6bn fortune, said a Corbyn-led government would be “a complete fiasco” and he would “just go and live in the south of France or Monaco”.

This quote;

THE tycoon behind the Phones4U empire has paid more than £250m in tax since 2008 – 66 times more than Google.

He has also gifted >£200m
His staff paid huge taxes
He started with nothing. Under Labour he would still have NOTHING


Err, I’m pretty sure he would still be rich. I mean, he still is now after the company tanked and everyone lost their jobs.

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Capitalism truly has created an unstoppable monster on 12:35 - Nov 3 with 959 viewsBlueNomad

Capitalism truly has created an unstoppable monster on 07:47 - Nov 3 by jjblue84

Some people still cling onto the murderous ideas of the Soviet Union, and abhor the fact that people can achieve freedom by working hard!


Do you really think the Soviet Union, especially under Stalin, had anything to do with Socialism??
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