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A Political Thread pt. 2

In all fairness I have no idea how it works being self-employed. Always fancied being a cash only tattooist but I've the drawing ability of Donald Trump.

One suggestion in the office was taxing the profit on houses, as was reducing the higher tax threshold if earning 10k above regional average but all are guaranteed to not get you elected again.

Yeah it's a political balancing act. With people living longer pensioners are very powerful at the ballot box and you can see Govts bending over backwards not to upset them.
 
Cash only isn't really a thing anymore from what I have seen and hasn't been for a few years.

The odd person will do it but generally speaking everyone I know who used to do cash only has changed
Apart from my favourite chippie and tattooist. I am clearly a patron of dodgy business.
 
Yeah it's a political balancing act. With people living longer pensioners are very powerful at the ballot box and you can see Govts bending over backwards not to upset them.

Double edge sword because it will just cause more younger voters to be jaded by more parties not looking out for them. It's similar to what happened with the democrats.

People say the young don't vote BUT reality is who tries to appeal to them? I think last time was 2010 with the Lib Dems and it did work well for them but they ****** it up by not following any of their policies
 
It's frankly all a load of ******** as most wealth is inherited and people from wealth tend to have better education/opportunities etc and I'm glad someone is kicking back on that.
There's also the safety net most (not all) people who started their own business that has become very successful had families they could fall back on.

Even in the business world its quite amazing those who come from wealth rise through the ranks quicker than those who dont.
 
You also have direct links with the wealth gap and education. University vs state education. This is not just a private school rich kid thing.

Even far lower levels of people on free school meals go to uni than those who are not on them when attending state schools. You are more likely to be from a richer area and later earn more. Hence some people's views that richer people go to university. Which is nothing new
 
You also have direct links with the wealth gap and education. University vs state education. This is not just a private school rich kid thing.

Even far lower levels of people on free school meals go to uni than those who are not on them when attending state schools. You are more likely to be from a richer area and later earn more. Hence some people's views that richer people go to university. Which is nothing new
Yeah there's a huge gap that's apparent in state schools. All top set kids were lower middle class usually with parents who went to university as well. It takes a lot to be like my father who was the first person in my family to get a degree (Polytechnic but he was doing engineering) and I was the first person in my mothers family (but me having a parent already having done it was a massive leg up).


Should state with Mr. Stevenson, I've watched one video of his he's a pretty good communicator but isn't saying anything too exciting. Which I think is important someone cutting through is desperately needed.
 
Hull you say? Home to one of the great universities.

At the moment self assessment only involves declaring income and realised financial gains. What's missing on a tax return is someone's net worth or wealth.

A good starting point is to get people to declare their net worth which means you'd be able to compare their effective tax rate (total tax payable divided by declared income) and their net worth. You'll find that the multi millionaires and billionaires' effective tax rates are way lower than normal working people which 'should' lead to greater scrutiny in their affairs i.e. how are they managing to do that. This is the case in many countries. Trump for example barely pays any income tax compared to his annual income and net worth. Undeclared income is a separate matter.

At the moment, all gains on the sale of a primary residence are tax free. Maybe it's time to start taxing this on gains of over say £250k (even at say 2%) because so much wealth is tied up in property that ultimately gets inherited.
On the flip side, and for purely selfish reasons, money lost on a property sale or paying for a lease extension should be tax deductable.
 
Double edge sword because it will just cause more younger voters to be jaded by more parties not looking out for them. It's similar to what happened with the democrats.

People say the young don't vote BUT reality is who tries to appeal to them? I think last time was 2010 with the Lib Dems and it did work well for them but they ****** it up by not following any of their policies
Chicken and egg. Do they not vote because nobody tries to appeal to them or does nobody try to appeal to them because they don't vote? I think the latter is more likely.

Politicians fall over themselves to try to win the vote of various groups, many quite small. The youth are basically never among that.
 
Would that even do anything?
Can't remember if it was Vice or BBC, but I read an article maybe last year where they interviewed one of the top smugglers and he was saying they don't even buy their boats in Western Europe, because they know it'll draw attention, so they drive them in from multiple borders away
 
What I would say is if he was doing the "I'm from a working class background and I really struggled but made it to be a top trader and so can you here's how to do it" then yeah would get your opinion on that.
The thing is though I don't even think he is that working class. I think he's massively exaggerated it. But I agree if he was doing the "self help" BS that would be even more dodgy but instead he portrays himself as a truth sayer.
 

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