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Tax Us More, Say Wealthy Europeans

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http://www.guardian.co.uk/world/2011/aug/29/tax-us-more-say-wealthy-europeans

First it was Warren Buffett announcing that he and his chums had been "coddled long enough by a billionaire-friendly Congress".

Then Liliane Bettencourt, France's richest woman, who was at the centre of a tax scandal last year, signed a letter along with 15 other billionaires begging to make a special contribution to the treasury to help drag France out of the financial crisis.

Even an Italian got in the action, with the boss of Ferrari saying that as he was rich, it was only "right" that he stump up more cash.

Now, as both France and Spain consider introducing a wealth tax, a group of 50 rich Germans have joined the "tax me harder" movement by renewing their open call to Angela Merkel to "stop the gap between rich and poor getting even bigger".

Self preservation starting to kick in with the elites?

First Buffet, now other Billionaires joining the chorus or tax us more.

Although I'm wondering how many of these people have avoided paying tax in the past.

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http://www.guardian....althy-europeans

Self preservation starting to kick in with the elites?

It has always been about self-interest.

The collapse of western civilization (the status quo) is a distinct possiblity now and the elites now see that clearly and they have a lot to lose if that happens. The national debts/deficits won't shrink without growth and cuts alone will not generate growth.

It's the only option they have. :lol::lol:

It will be interesting to see how the US elites will deal with this fact - I expect the funding and media coverage of the tea party to drop like a stone as it is now acting against their interests.

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Self preservation starting to kick in with the elites?

Took them long enough - it really isn't rocket science. Even without social unrest, Henry Ford spotted the contradiction of trying to grab too much of the spoils... of course there will be some greedy pluckers who will just cackle and see it as an opportunity for themselves to grab an even greater share.

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Would have thought they'd get more kudos for saying 'ooh, looks like the government is a bit short - heres a £xB donation', than asking to be taxed more when they'll probably avoid it all anyway. If i were rich i'd rather a one-off donation than a tax that might actually hurt my pocket!

Kind of amused me hearing the google story - we'd pay more tax, but we've got a duty to shareholders to avoid it where it's legal. Kind of brings to mind the school geek outwitting a dunce - every time the government tries to tax them more, they'll say 'nice try, we really want to pay that.... but heres why we don't have to'.

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Be interested to see some figures on that please

http://www.gospelherald.net/article/society/46196/chinese-billionaires-numbered-second-in-the-world.htm

Amid the world economic recovery, the number of world’s billionaires has exceeded a thousand, which is an increase from 793 people in 2009 to 1,011 in 2010. United States remains as the country with the most number of billionaires, reaching 403. While Asia and China’s economies continue to prosper, Asia’s billionaires have increased drastically, in particular, in mainland China, Hong Kong, and Taiwan, which 107 people were listed; 64 people are from mainland, 24 from Hong Kong, and 18 from Taiwan.

http://www.dailyfinance.com/2011/06/22/worlds-millionaires-increased-by-8-3-in-2010/

Millionaires are back. The number of individuals worldwide with $1 million or more in assets aside from their residence grew by 8.3% to 10.9 million in 2010, topping pre-crisis 2007 levels, according to the World Wealth Report released Wednesday.

Although I'm betting a lot of these millionaires are really debtonaires.

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Although not rich by any measure I'm currently only netting around 47% of my gross salary in Belgium......no Capital Gain tax here so income tax takes the full brunt.....

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Notice that the ones like Buffet call for more taxes, but in a way that affects THEM less than others. Buffett pays himself a tiny dividend relative to his wealth, and wants more taxes over those dividends. He is not wanting more taxes on wealth.#

France has imposed a tax on imcome over 500000, (im not sure if this includes dividends) that will affect high earners who are working such as footballers, lawyers and bankers, but may not have such a large effect on the real wealthy billionaires who are calling for it.

If they really wanted to pay more, then they would have called for more wealth tax.

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It has always been about self-interest.

The collapse of western civilization (the status quo) is a distinct possiblity now and the elites now see that clearly and they have a lot to lose if that happens. The national debts/deficits won't shrink without growth and cuts alone will not generate growth.

It's the only option they have. :lol::lol:

It will be interesting to see how the US elites will deal with this fact - I expect the funding and media coverage of the tea party to drop like a stone as it is now acting against their interests.

Yup. I would say collapse is inevitable now, as they won't turn this tanker around before hitting the shores. That's what I've dedicated my new blog to, which I'll be adding more to in due course.

Regardless, why don't they just volunteer the money? If they want to help out, no one is stopping them. Hell, they could give it to charity instead, easing the tax burden on the poor. Just asking for some state extortion to be pointed in their direction is rather strange.

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Perhaps that greasy slime bag Philip Green will get his wife to pay tax on her £1.2bn dividend from BHS <_<

If it's a dividend from a company operating in the UK then it comes from already-taxed money.

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http://www.guardian.co.uk/world/2011/aug/29/tax-us-more-say-wealthy-europeans

Although I'm wondering how many of these people have avoided paying tax in the past.

Liliane Bettencourt fiddles absolutely billions of euros, not avoidance but downright evasion. So now she's offering to pay a few quid back eh?

The French revenue service didn't even bother controlling her tax return because it was "too complex" for them to understand, same for many of the millionaires in France. Instead they chose to squeeze the poor and middle income earners.

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Yup. I would say collapse is inevitable now, as they won't turn this tanker around before hitting the shores. That's what I've dedicated my new blog to, which I'll be adding more to in due course.

Regardless, why don't they just volunteer the money? If they want to help out, no one is stopping them. Hell, they could give it to charity instead, easing the tax burden on the poor. Just asking for some state extortion to be pointed in their direction is rather strange.

Most of the cash will end up/go straight back to the super rich & others - that's why 'they' created the one-way, common purpose Casino >>>

(as bank/Big Business company shareholder/owners, Multi-property Landlords etc etc)

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  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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