Jump to content
House Price Crash Forum

Brits are still inherently Capitalist


Recommended Posts

  • Replies 66
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

The British socialist (or more accurately social democrat) view has always been you can be as rich as you like provided you pay your tax bill and have an element of social responsibility. Not s controversial view on either side of the debate. 

Some of you are desperate to import this US style "culture war" which we don't need and is unhelpful. 

Link to post
Share on other sites

I agree you should be able to 'make' as much money as you like, but you should also be taxed above a certain amount at 100%. 

Allowing individuals to acrue vast amounts of wealth, wealth that amounts to millions of times an average person's yearly wages, is just simply immoral. 

Link to post
Share on other sites
1 minute ago, Postman said:

I agree you should be able to 'make' as much money as you like, but you should also be taxed above a certain amount at 100%. 

Allowing individuals to acrue vast amounts of wealth, wealth that amounts to millions of times an average person's yearly wages, is just simply immoral. 

100%??? That's a confiscation of wealth.  Who gave you the permission to steal

 

Link to post
Share on other sites

The world's 2153 billionaires have more wealth than 4.6 billion people. 

The richest 400 Americans could write a cheque $10,000 and fund comprehensive  medical insurance for every single US citizen and all still be billionaires. 

 

Somethings gone wrong with capitalism. 

 

9 minutes ago, Warlord said:

100%??? That's a confiscation of wealth.  Who gave you the permission to steal

Link to post
Share on other sites

I think you're reading a bit much into this.

If I was stopped on a High Street and asked the question (with lots of ordinary people around me) I too would say yes.

As someone who inherited eight figures, I'd consider myself rich. But I do look at billionaires and wonder what on earth is wrong with them. Who needs that much? It's just perverse surely? Any decent person would want to try and do something positive with it past a point, and to hell with collecting some more zeros.

Link to post
Share on other sites
7 minutes ago, byron78 said:

I think you're reading a bit much into this.

If I was stopped on a High Street and asked the question (with lots of ordinary people around me) I too would say yes.

As someone who inherited eight figures, I'd consider myself rich. But I do look at billionaires and wonder what on earth is wrong with them. Who needs that much? It's just perverse surely? Any decent person would want to try and do something positive with it past a point, and to hell with collecting some more zeros.

But, billionaires only eat 3 meals a day. they are not the reason people are short of food. wealth is a complex thing.

Link to post
Share on other sites
21 minutes ago, Postman said:

The world's 2153 billionaires have more wealth than 4.6 billion people. 

The richest 400 Americans could write a cheque $10,000 and fund comprehensive  medical insurance for every single US citizen and all still be billionaires. 

 

Somethings gone wrong with capitalism. 

 

Something's wrong with stealing as well.

 

 

Link to post
Share on other sites

If you asked the british public should you take responsibility for paying back your debts or do you want the government to pay it off with taxpayers money at the expense of future generations I dont think the answer would be on the side of individual responsibility. 

Link to post
Share on other sites

We don't have true capitalism.  You have a crony based oligarchy masquerading as something honest and decent.

I don't have a problem with Socialists, they are trying to look for a better way

I have a problem with folks that support the status-quo even when it disadvantages them. It's worse than Turkeys voting for Christmas, it's like Turkeys saying without intensive farming, being pumped with hormones, and harvested they'd be worse off.

Link to post
Share on other sites

You can say a lot about Jeff Bezos and his Amazon company, but at least he has more vision and ambition than that idiot that ran Sears/K-Mart into the ground, Eddie Lampert.

Billionaires and corporations don't anger me like they used to (they're at a similar stage to what many monarchies and empires were on the eve of WW1).

 

Link to post
Share on other sites

The issue should not be about how much an individual has, but what others haven't got and why.....having a certain amount of money when money becomes no worry, is the same as having multiple times of enough money, still money becomes no worry apart from the worry of losing it all, worry about others removing or stealing it......having money brings with it extra responsibility, loss of privacy, press wanting a story, people ready to prosecute or sue.....loads of hangers on while the money is around who gain themselves from friendship and paid advisors.

It does not stop failing health, relationship breakdowns, children who fail to meet expectations, .....who else will buy all the big boats helicopters and planes, look after the big estates and all that entails.......why you don't have to be wealthy to enjoy the land, walk through the land, see nature the deer, birds, wild flowers trees and plants, all the enjoyment without the responsibility, go home nobody knows you.?

Link to post
Share on other sites

I'm a lefty capitalist however I would like to see inheritance tax at 100% with exceptions made for companies that you might want to pass down the family like butchers ect. I have no difficulty with someone who earns their wealth earning as much as they want. Income tax should be paid I think the lifetime allowance should be slightly increased and abandon the 40k limit on pension contributions per year. I believe in meritocracy everyone should be able to start from zero and with a decent state funded education to university if wanted, unfortunately to find this you need wealth removal from the richest at the point of inheritance.

Link to post
Share on other sites
8 hours ago, Big Orange said:

Billionaires and corporations don't anger me like they used to (they're at a similar stage to what many monarchies and empires were on the eve of WW1).

 

About to chew threw 10's of Millions of innocents? ?

Link to post
Share on other sites
Posted (edited)
28 minutes ago, Pebbles said:

I'm a lefty capitalist however I would like to see inheritance tax at 100%

That is absolutely ridiculous. Bear in mind the hard pressed taxpayer who pays tax all his/her life then wants to pass something on to their kids and you want to take 100% !!! 

That would turn us into Zimbabwe/Venezuela etc. states that confiscate wealth and are authoritarian and POOR.

Stealing is wrong even if its the state.  Inheritance tax should be 0. And by the way, the truly well off avoid it through exempt foundations i.e Duke of Westminster 

Edited by Warlord
Link to post
Share on other sites
3 minutes ago, Warlord said:

That is absolutely ridiculous. Bear in mind the hard pressed taxpayer who pays tax all his/her life then wants to pass something on to their kids and you want to take 100% !!!

I agree with you, but it's a semi-common attitude, sometimes driven by jealousy (but probably not as often as those against like to claim), some by the idea that people shouldn't get a massive boost in life just because of whatever their parents had. I don't particularly agree with that but it's not a completely unreasonable position. I'm mostly against it because it should be up to you what happens to your wealth when you die.

Link to post
Share on other sites
14 hours ago, Postman said:

I agree you should be able to 'make' as much money as you like, but you should also be taxed above a certain amount at 100%. 

Allowing individuals to acrue vast amounts of wealth, wealth that amounts to millions of times an average person's yearly wages, is just simply immoral. 

Lets start taxing 100% on stock market gains :) Lets see how many PROGRESSIVE investors in stock market would like that idea. ?

Link to post
Share on other sites

The socialist HPCers need to answer this question:

Are you prepared to drive wealth and capital out of the country and therefore turn us into Zimbabwe/Venezuela?

Because that's precisely what confiscatory taxation does.

Also those inheriting relatively 'modest' sums are forced to pay 50% IT .Multi million (and billion) estates exempt themselves through foundations or trusts.  Think about that.  And if you go after them they will just incorporate abroad. 

It is self defeating!

 

Link to post
Share on other sites
13 hours ago, msi said:

We don't have true capitalism.  You have a crony based oligarchy masquerading as something honest and decent.

Schiff explains it very well; 

THE BASIC TENETS OF CAPITALISM: Peter Schiff Talks About The People That Complain About The 1%
 

 

Link to post
Share on other sites
29 minutes ago, Warlord said:

The socialist HPCers need to answer this question:

Are you prepared to drive wealth and capital out of the country and therefore turn us into Zimbabwe/Venezuela?

Because that's precisely what confiscatory taxation does.

Also those inheriting relatively 'modest' sums are forced to pay 50% IT .Multi million (and billion) estates exempt themselves through foundations or trusts.  Think about that.  And if you go after them they will just incorporate abroad. 

It is self defeating!

 

Who cares what they have got.....wealth doesn't make them any better, better people or happier....It is what others have not got, or have no possibility in getting, even the basics.

Wealthy people have the responsibility of giving some of it away.....gifted vis tax or gifted via charity. ;)

 

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.

  • 416 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.