Labours HARD left demand their pound of flesh

[PeanutButter]

Wait, so how many of you have over 3mil in assets??

[Johnno1167]

I don’t think it will ever fly . It’s sabre rattling by theTorygraph. He far left are a spent force , all parties know it’s centre left / centre right that will get you into government. 

we already have high taxes. What we need is a functioning  government that spends the money properly . 

I’m very luck as a high earner, paying approx 48% of income to tax / NI . No issue with progressive taxation . No issue with CGT. No issue with paying back my pension relief . ( I work super hard, but in the end, society affords you the opportunity and you need a bit of nouse and graft and luck ..the legal route at least).

i will be voting labour . Scare stories aside , the torrid tories have been an utter financial disaster for the UK . 
and let’s just remember, the mirror image on the right side is Lee Anderson. So it cannot possible be any worse ! 

 

[Bob8]

17 minutes ago, PeanutButter said:

Wait, so how many of you have over 3mil in assets??

Yes. I do wonder how many times the average poster on here has bee kicked in the head by a horse.

[Field of Nightmares]

I'm not averse to a wealth tax. In many ways, they seem necessary to reverse the policies of the last few decades.

An alternative to a wealth tax is to simply outlaw certain things: for example, you can own a single 2nd property but it must be rented out long term to a tenant and never used as a 2nd home. Meanwhile, you have a period of grace to sell your 2nd home with some tax kicking in year on year, doubling with each year. The same goes for holiday homes and AirBnB. If you want to stay somewhere, stay in a hotel, not in residential property (will also have the benefit of curbing tourism as tourists will be limited to the availablilty of hotels, not residential property). On the other hand, allowing people to short-let their spare bedroom should be actively encouraged; it both helps someone have a home plus helps the owner out with their bills. Then we get to things like taxing empty properties so that it is no longer viable to land-bank. These all seem like totally rational policies, neither 'left' or 'right' which is just a false, divisive construct anyway.

[Mrs Doyle]

16 minutes ago, Johnno1167 said:

I don’t think it will ever fly . It’s sabre rattling by theTorygraph. He far left are a spent force , all parties know it’s centre left / centre right that will get you into government. 

we already have high taxes. What we need is a functioning  government that spends the money properly . 

I’m very luck as a high earner, paying approx 48% of income to tax / NI . No issue with progressive taxation . No issue with CGT. No issue with paying back my pension relief . ( I work super hard, but in the end, society affords you the opportunity and you need a bit of nouse and graft and luck ..the legal route at least).

i will be voting labour . Scare stories aside , the torrid tories have been an utter financial disaster for the UK . 
and let’s just remember, the mirror image on the right side is Lee Anderson. So it cannot possible be any worse ! 

 

When was the last centrist government voted in? 

[Innkeeper]

2 minutes ago, Mrs Doyle said:

When was the last centrist government voted in? 

Well the current government is Conservative in name only.....

[PeanutButter]

19 minutes ago, Bob8 said:

Yes. I do wonder how many times the average poster on here has bee kicked in the head by a horse.

I’m an evil scumlord and I definitely don’t come anywhere close that figure. 

Who are all these HPCers with so much wealth (excl pensions)? 

That aside, if Porsche sales are up, then just tax Porsches (luxury tax). Seems far easier to implement.

[captainb]

Alan Johnson had the best reaction to these momentum clowns. Being a former head of the postal workers Union he's clearly "right wing" 

Can't stand current lot but you always need an electable opposition to keep whoever is in sane.

Will vote left this time, but strangely hoping Ruth Davidson returns (or someone centralised to clean out the ERG in a cleanse of the corrupt).

https://youtu.be/JikhuJjM1VM

Edited August 12, 2023 by captainb

[Bruce Banner]

It's the only and very slim chance that the "Tories" have of winning the next general election. 

From the Tory media, articles spreading fear of a Labour government, usually with mention of Jeremy Corbyn.

From imbedded social media and forum posters, a weird photograph of Starmer and Raynor kneeling. 

However, it need not be thus if we all vote tactically against the Tories by voting for the candidate most likely to beat the "Tory" in our own constituencies. In my case that will probably be either Labour or LibDem. If we all vote tactically the "Tories" will be wiped out and the result could be a hung parliament with not a "Tory" in sight. Now that would be interesting.

To paraphrase a Labour slogan from the 1960s... You Know Tory government doesn't work.

Edited August 12, 2023 by Bruce Banner

[Johnno1167]

1 hour ago, Mrs Doyle said:

When was the last centrist government voted in? 

Tony Blair . Cameron.  It’s the recent cabal since 2016 that has been a lunatic asylum . 

[Johnno1167]

58 minutes ago, PeanutButter said:

I’m an evil scumlord and I definitely don’t come anywhere close that figure. 

Who are all these HPCers with so much wealth (excl pensions)? 

That aside, if Porsche sales are up, then just tax Porsches (luxury tax). Seems far easier to implement.

Every car over £40K already has an annual additional car tax of £400

[Bob8]

59 minutes ago, PeanutButter said:

I’m an evil scumlord and I definitely don’t come anywhere close that figure. 

Who are all these HPCers with so much wealth (excl pensions)? 

That aside, if Porsche sales are up, then just tax Porsches (luxury tax). Seems far easier to implement.

I am also an esl and likewise. Once you are in that area, your salary is less significant as income and people start to benefit from regressive taxation. 

[Mrs Doyle]

2 minutes ago, Johnno1167 said:

Tony Blair . Cameron.  It’s the recent cabal since 2016 that has been a lunatic asylum . 

So all parties don't know it's centre left/right that gets you in. 

Centrism offers no solutions to our problems, only the type of management. 

[Chunketh]

7 hours ago, Mrs Doyle said:

You sir are the problem. 

If you believe that I was put on this earth to be forced to spend most of my earned salary on others…yeah I guess I am a problem.

If you squeeze people too hard they tend not to like it. We are already being squeezed too hard.

Whats the motivation to work in a difficult industry with high stress levels for only marginal gain?

[Chunketh]

3 hours ago, Smith said:

The main reason Labour will win power is 'cos the Tories have made such a monumental f^^k up of everything.

I'm sure Labour isn't perfect, but they can hardly be worse than what we have now.

Don’t get me wrong, I’m no Tory supporter and will likely vote Labour (again).

What I don’t want is a more punitive tax policy than we already have. The momentum nutters seem to love the idea of taxing the middle class to death.

we don’t live in a Scandinavian country. We don’t have the ability to provide the excellent services that they enjoy with higher levels of taxation. If we did, I wouldn’t mind paying more .

[Maghull Mike]

They start at £3 million, then after sometime EVERYONE will be paying it....my late Grandfather(Union guy & Labour voter) used to say "They try to tax you for the air you breath"...........not knowing that C02 taxes would become a "Thing".

There will come a moment when suddenly the truth will hit home...........

[Mrs Doyle]

28 minutes ago, Chunketh said:

If you believe that I was put on this earth to be forced to spend most of my earned salary on others…yeah I guess I am a problem.

If you squeeze people too hard they tend not to like it. We are already being squeezed too hard.

Whats the motivation to work in a difficult industry with high stress levels for only marginal gain?

It depends what your drivers are. 

[MrMonkey]

A shift towards more taxation of wealth would be a good thing for society, helping ensure housing and other essential assets become affordable instead of becoming something only available to those at the top of income scale.

As the country sees growing inequality we should be redistributing the wealth of the very rich towards support and services that benefit everyone. Better healthcare, affordable public transport, cleaner energy, cheaper long-term housing, and better education.

At the moment tax is largely levied from income, which prevents equality and encourages the rich to make their money from inflating asset prices instead of generating money from productive activities (such as creating and running businesses). It is how we arrived where we are (thanks to sustained low interest rates and schemes like Help to Buy) and is one thing we should fix it we want to ensure a better future for the country.

[Chunketh]

31 minutes ago, Mrs Doyle said:

It depends what your drivers are. 

Not being bored while working and being well paid for it. Its easier to deal with the stress if there is a decent paycheque at the end of the month, though it still takes its toll.

[Fromage Frais]

Under the TUC’s plan, wealthy individuals would pay a “one-off” tax of 1.7pc on their assets over £3m.

No thanks

Is my business worth over 3 million .... hmmm no  but thats not the point I already pay tax through the nose and the performance of what it pays for gets less and less and more and more folk whom have not contributed get invited onto the tab.

You cannot taper a Ponzi scheme and once this starts everyone worth taxing will take preventative action as you bet your arse they will have a person in the meetings or the hallway and will be able to take action fast.

They will then in their lust for more of other peoples money work their way down the chain and like it is now go after the high salaried and small business owners tied to a geographical location.  A one off.... nope it will become another income stream money borrowed against it and will keep going.

It another tax and other Buch of people paid to interfere with other peoples lives and crease stress and paperwork.  You can also imagine businesses that have a worth of over 3 million but that might be subjective and paying the tax may cause it to go under or relocate.

I just do not care how rich other people are the only new tax I would consider is a land value tax and if such a tax would allow both the removal of stamp duty and council tax and also reduce the tax burden for poorer households whilst at the same time bringing prices down and reducing speculation/hoarding/hot money flow into something everyone needs.  Hell I may even be open to a flat tax and removal of exemptions and loopholes if it increased efficiency, reduced paperwork and saved government expenditure on enforcement and administration.

But more taxes no thanks

 

Edited August 12, 2023 by Fromage Frais

[PeanutButter]

1 hour ago, Johnno1167 said:

Every car over £40K already has an annual additional car tax of £400

Oooo £400. Seriously, what’s a Porsche cost? 

 

[Beef Shandy]

Note the "arbitrary" exclusion of pension wealth by these socialists, as if this somehow doesn't represent wealth...

The effect being to skew the impact of the proposed policy away from very well off employees, such as senior public sector workers in receipt of extremely generous  (defined benefit) pensions, despite these being the epitome of riskless rentier type behaviour.

And then the "one-off" claim, and the arbitrary "£3m" threshold, designed so the policy doesn't appear a threat to most. But anyone who is not hard of thinking knows with certainty that both these conditions would disappear in short order, with the tax becoming annual and the threshold reducing significantly, exactly as happened with the pension lifetime allowance (LTA). And then fiscal drag as inflation drags everyone in over time.

Note, the LTA is a great example how the non-wealth producing public sector on defined benefit pensions enjoy massively favourably treatment vs. the bulk of people who are in defined contribution schemes. Funny how the rules always favour those drawing up the rules, being one rule for them & one rule for the masses...

Socialism is always, "All animals are equal, but some animals are more equal than others.  "some animals are more equal than others", with the corrupt, lazy, envious chiefs at the top all fixing the rules to benefit them and the wasters who back them, while punishing the people who do actually graft, who do show ingenuity, who do actually get on in life, prosper, while employing other people in the process: penalising those who are the backbone of the nation's economic machine and wealth generation upon which everything else depends.

[captainb]

47 minutes ago, Chunketh said:

Not being bored while working and being well paid for it. Its easier to deal with the stress if there is a decent paycheque at the end of the month, though it still takes its toll.

All these socialist nutters have never worked in a start up or a small business or normally even the private sector.

The notion that anyone would start a company with the huge amount of stress and personal risk involved (I've yet to see one where the director hasn't had to give personal guarantees at some point) only for some beurocrat to take it all away is insane. 

But then they don't live in the real world..who needs job creation when the state can stamp its own forms.

Edited August 12, 2023 by captainb

[Beef Shandy]

34 minutes ago, Fromage Frais said:

It another tax and other Buch of people paid to interfere with other peoples lives and crease stress and paperwork.  You can also imagine businesses that have a worth of over 3 million but that might be subjective and paying the tax may cause it to go under or relocate.

 

What's needed is a new Govt department, with tens of thousands more civil servants employed to monitor & track the wealth of each person in the country, and then take from those who are seen to be the more successful ones, and dish it out to the ones who aren't.

Think of it as the complete opposite of the investment strategy of "let your winners run, while cutting your losses".

And don't forget the thousands upon thousands of additional accountants, lawyers, land & property agents and admins etc, all being hired by people challenging the Govt Assessors, and the millions of man-hours directed to these ends vs. productive work.

All guaranteed, of course, to see the UK's productivity soar and the nation become wealthier 😆

What a farce.

[sta100]

Wouldn't have a problem with higher taxation if it was used to improve services rather than hire legions of people that sit in meetings and talk about equality