| Well said, the boy Line-acher and chums 14:48 - Jul 23 with 3360 views | NthQldITFC |
https://www.bbc.co.uk/news/art
'It added that in its own poll, the majority of millionaires wanted a higher tax on themselves.
"There are a few people left with outdated economic thinking and few others desperate to hold onto every penny they can... Those that can't see past the end of their own self interest have no place in designing a Britain for the future," the letter said.'
It's often the money-obsessed who are trying to claw their way up who have an anti-social, visceral aversion to fair, beneficial taxation.
Sh!t response from Badenoch. |  |
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| Well said, the boy Line-acher and chums on 15:02 - Jul 23 with 1919 views | nodge_blue |
Perhaps they should introduce a voluntary higher rate |  |
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| Well said, the boy Line-acher and chums on 15:07 - Jul 23 with 1888 views | mellowblue |
The millionaires on that list tend to be left of centre, so have a social conscience married with a sense of guilt at how much they have to the rest of us plebs. Whether that is enough to give them the badge of patriots is a moot point. |  | | |
| Well said, the boy Line-acher and chums on 15:17 - Jul 23 with 1846 views | positivity |
| Well said, the boy Line-acher and chums on 15:02 - Jul 23 by nodge_blue |
Perhaps they should introduce a voluntary higher rate |
why should higher tax rate payers have a voluntary rate when the rest of us don't? | |
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| Well said, the boy Line-acher and chums on 15:32 - Jul 23 with 1767 views | bsw72 |
| Well said, the boy Line-acher and chums on 15:17 - Jul 23 by positivity |
why should higher tax rate payers have a voluntary rate when the rest of us don't? |
The very wealthy already have a voluntary rate, depending on how good their accoutant is. |  | | |
| Well said, the boy Line-acher and chums on 15:36 - Jul 23 with 1761 views | BlueBadger |
| Well said, the boy Line-acher and chums on 15:07 - Jul 23 by mellowblue |
The millionaires on that list tend to be left of centre, so have a social conscience married with a sense of guilt at how much they have to the rest of us plebs. Whether that is enough to give them the badge of patriots is a moot point. |
Wanting things to be better for your fellow countrymen strikes me as considerably more patriotic than selling us off to foreign billionaires on the instructions of your boss in Moscow, to be fair. |  |
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| Well said, the boy Line-acher and chums on 16:07 - Jul 23 with 1690 views | SuperKieranMcKenna |
Kind of funny that he took HMRC to court as they overcharged him haha! Also set himself up as a company for a lower effective rate than the likes of NHS workers on PAYE.
Whilst I agree the sentiment can’t help but feel the guy is all about self promotion. | | | |
| Well said, the boy Line-acher and chums on 17:07 - Jul 23 with 1578 views | BloomBlue |
| Well said, the boy Line-acher and chums on 16:07 - Jul 23 by SuperKieranMcKenna |
Kind of funny that he took HMRC to court as they overcharged him haha! Also set himself up as a company for a lower effective rate than the likes of NHS workers on PAYE.
Whilst I agree the sentiment can’t help but feel the guy is all about self promotion. |
Precisely he could have had all his income go via PAYE and then he would have paid a little more tax already. But choose tax avoidance by setting himself up as a company.
Its the same old... I want to avoid tax but once I'm mega rich I'll say you should tax me more.
Let's see, how about 99% of all wealth over £3m Gary is that ok... thought not. |  | | |
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| Well said, the boy Line-acher and chums on 17:19 - Jul 23 with 1516 views | positivity |
paying would be a performative gesture giving a small amount; a policy change would raise a lot more for the country.
the patriotic choice is policy change, not performative voluntary donations! | |
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| Well said, the boy Line-acher and chums on 17:20 - Jul 23 with 1511 views | bartyg |
Clearly because he recognises that he can afford to pay a higher rate of tax and therefore all who are asset rich should? They're advocating for a more progressive tax system, not just suggesting that they specifically pay more tax. |  |
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| Well said, the boy Line-acher and chums on 17:21 - Jul 23 with 1493 views | Trequartista |
| Well said, the boy Line-acher and chums on 17:19 - Jul 23 by positivity |
paying would be a performative gesture giving a small amount; a policy change would raise a lot more for the country.
the patriotic choice is policy change, not performative voluntary donations! |
I wouldn't say it was performative to donate via the link if no-one knows about it! |  |
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| Well said, the boy Line-acher and chums on 17:21 - Jul 23 with 1485 views | Trequartista |
| Well said, the boy Line-acher and chums on 17:20 - Jul 23 by bartyg |
Clearly because he recognises that he can afford to pay a higher rate of tax and therefore all who are asset rich should? They're advocating for a more progressive tax system, not just suggesting that they specifically pay more tax. |
I thought it had been proven several times over that raising the higher rate of tax doesn't bring more money in? | |
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| Well said, the boy Line-acher and chums on 17:26 - Jul 23 with 1453 views | bartyg |
| Well said, the boy Line-acher and chums on 17:21 - Jul 23 by Trequartista |
I thought it had been proven several times over that raising the higher rate of tax doesn't bring more money in? |
Massive citation needed. The Laffer curve is massively flawed in itself, but even worse is the fact that the only premise taken from it is "tax down good" | |
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| Well said, the boy Line-acher and chums on 17:32 - Jul 23 with 1422 views | Trequartista |
| Well said, the boy Line-acher and chums on 17:26 - Jul 23 by bartyg |
Massive citation needed. The Laffer curve is massively flawed in itself, but even worse is the fact that the only premise taken from it is "tax down good" |
I'd like to see it raised from 45% - 50% to be fair, I think that would bring more in. Above that and I'm sceptical it would. [Post edited 23 Jul 17:33]
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| Well said, the boy Line-acher and chums on 17:36 - Jul 23 with 1395 views | bartyg |
| Well said, the boy Line-acher and chums on 17:32 - Jul 23 by Trequartista |
I'd like to see it raised from 45% - 50% to be fair, I think that would bring more in. Above that and I'm sceptical it would. [Post edited 23 Jul 17:33]
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I'm sure they will take your analysis into consideration.
That's also not what the letter is asking for, which is a 2% wealth tax on assets over £10m. | |
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| Well said, the boy Line-acher and chums on 17:46 - Jul 23 with 1350 views | Trequartista |
| Well said, the boy Line-acher and chums on 17:36 - Jul 23 by bartyg |
I'm sure they will take your analysis into consideration.
That's also not what the letter is asking for, which is a 2% wealth tax on assets over £10m. |
Yeah that seems a bit of an envy tax, and I'm pretty sure that would drive many out of the country, or put their assets into trusts and whatnot. | |
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| Well said, the boy Line-acher and chums on 17:46 - Jul 23 with 1342 views | positivity |
| Well said, the boy Line-acher and chums on 17:21 - Jul 23 by Trequartista |
I wouldn't say it was performative to donate via the link if no-one knows about it! |
it won't raise more than the donation if no-one knows about it, a policy change would. | |
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| Well said, the boy Line-acher and chums on 17:48 - Jul 23 with 1323 views | nrb1985 |
| Well said, the boy Line-acher and chums on 15:02 - Jul 23 by nodge_blue |
Perhaps they should introduce a voluntary higher rate |
They effectively do have that - but it’s not a tax, it’s a donation - it’s called a gift to the public purse or a “patriotic gift”:
https://www.gov.uk/guidance/vo
Lots of people I know have done this.
Curiously, the “patriotic millionaires” refused to answer whether they used this facility for a long time until finally they sent out some spokeswoman to do interviews and say words to the effect of - well this isn’t really what we want…
Make of that what you will. But the option to effectively make a voluntary additional tax contribution is there and open to all - even Gary! [Post edited 23 Jul 19:09]
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| Well said, the boy Line-acher and chums on 17:51 - Jul 23 with 1314 views | positivity |
| Well said, the boy Line-acher and chums on 17:46 - Jul 23 by Trequartista |
Yeah that seems a bit of an envy tax, and I'm pretty sure that would drive many out of the country, or put their assets into trusts and whatnot. |
so we might lose a handful of non-patriotic millionaires who don't want to pay their way?
oh well, never mind | |
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| Well said, the boy Line-acher and chums on 17:51 - Jul 23 with 1310 views | nrb1985 |
Sorry hasn’t seen you'd already posted this.
Some of the answers in this thread are a bit silly. Sure, they’re free to lobby for a change of rules but in the meantime, surely use the donation facility as well?!
Curious as to why they haven’t done it… | | | |
| Well said, the boy Line-acher and chums on 17:53 - Jul 23 with 1298 views | chicoazul |
The solution is always the same; more tax. More more ever more. These people have no imagination they only understand growing the governments income. We pay more tax than ever in modern history. But muh covid! Muh financial crash 2008!
Old thinking again and again and again. |  |
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| Well said, the boy Line-acher and chums on 17:54 - Jul 23 with 1297 views | positivity |
| Well said, the boy Line-acher and chums on 17:51 - Jul 23 by nrb1985 |
Sorry hasn’t seen you'd already posted this.
Some of the answers in this thread are a bit silly. Sure, they’re free to lobby for a change of rules but in the meantime, surely use the donation facility as well?!
Curious as to why they haven’t done it… |
how do you know they haven't? if they'd admitted to it, they'd be accused of being "performative"! | |
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| Well said, the boy Line-acher and chums on 17:54 - Jul 23 with 1290 views | chicoazul |
| Well said, the boy Line-acher and chums on 15:02 - Jul 23 by nodge_blue |
Perhaps they should introduce a voluntary higher rate |
There literally is. You can pay more tax. | |
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