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A Political Thread pt. 2

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McTallshort said:
Haven't several big builders gone under in recent times? My eldest is an apprentice bricklayer and has his sights set on Australia when he's done because the building trade is unstable in the UK.
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Honestly I'm not sure - just going off an article I read recently
Wouldn't surprise me if the medium-to-large companies are just being out competed by the super super big builders and slowly strangled - I know all the new estates being built onto my village are all like Taylor Wimpey, Barratt Redrow etc. nothing local or even regional, all big national ones
 
McTallshort said:
Ok fair enough. Disagree
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I guess if I was to flesh it out more I find anyone who talks like him (in absolutes and is the guy that has the easy solution to complex problems) generally untrustworthy. He has seemed to have lied, or at least overplayed his “poor working class background” and when I saw him in question time not long ago i genuinely think he looked off his nut on something. As I say though, just vibes really.
 
Welsh Exile said:
I guess if I was to flesh it out more I find anyone who talks like him (in absolutes and is the guy that has the easy solution to complex problems) generally untrustworthy. He has seemed to have lied, or at least overplayed his "poor working class background" and when I saw him in question time not long ago i genuinely think he looked off his nut on something. As I say though, just vibes really.
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Who is that?
 
Welsh Exile said:
Yeah, as @Ddanno said, Gary Stevenson.

And that little blurb sums it up perfectly. I have all the answers listen to me not all those other losers. Dodgy.
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I have only watched one of his videos and I think someone else made the same point - his stance that you were either rich or poor was too binary for me. Not only that but he seemed to be implying that all 'rich' people were complicit in shafting the poor without defining what he meant by rich and poor. It almost felt like he was trying to convince as many people as possible that they were poor with a view to making them his target audience.

For balance much of what he said did make sense and he may have gone on to clarify in other videos that there is a wealth spectrum and that he meant super rich with the ability to influence politicians, hire expensive tax advisors to dodge paying tax or royal family hangers on etc. otherwise this binary take is something I couldn't get on board with. For me there is a world of difference between a hard working professional earning £100k pa half of which gets taxed at 40% and someone who gets inside info from politicians and uses some dodgy offshore scheme to hide investment income that they 'earned' with a few clicks on their phone.
 
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I would say that there has been a bit of a movement in the UK (and possibly other places) were we are drip fed this notion that the rich needs looking after and if we just applied ourselves we would could be rich too so if we start taxing the rich to hard that would hurt us when we got that one great idea that would propel us to millionaire status etc etc. Or that Taxing the rich doesn't work (when it actually does) and if we did that they would all leave and go somewhere else ignoring the fact many have already gone to the middle east without them being taxed heavily. You know why punish those poor rich people it's our fault we can only just about afford one house and live month to month.

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.
 
McTallshort said:
I would say that there has been a bit of a movement in the UK (and possibly other places) were we are drip fed this notion that the rich needs looking after and if we just applied ourselves we would could be rich too so if we start taxing the rich to hard that would hurt us when we got that one great idea that would propel us to millionaire status etc etc. Or that Taxing the rich doesn't work (when it actually does) and if we did that they would all leave and go somewhere else ignoring the fact many have already gone to the middle east without them being taxed heavily. You know why punish those poor rich people it's our fault we can only just about afford one house and live month to month.

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.
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I agree but like with most things there's a sensible middle ground. You shouldn't trust chancers like this guy who lie and say this is the answer, problem solved. It's BS.
 
Welsh Exile said:
I agree but like with most things there's a sensible middle ground. You shouldn't trust chancers like this guy who lie and say this is the answer, problem solved. It's BS.
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Like most people trying to persuade there is a element of truth though. The gap between the rich and the poor is widening.
 
Having a discussion at work about wealth/rich and how do you tax it or do you improve wages from business owners etc

Do you base it on income, assests, property value etc. Profits on businesses, better assessments of the self-employed. Average house profit is around 100k. Someone owning a house in Cambridge 500-600k would be considered rich by people living on the Bransholme estate in Hull for example
 
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Poverty and wealth inequality are massive problems in this country. I have a single parent family member who had sleepless nights worrying about how she'd pay her bills and feed her kids. There will be millions others experiencing the same now. Its horrible.

If someone comes along and calls out the real culprits in a targeted and fact based way and has an end game of affecting change and not just to get clicks & dough on a virtual soapbox then I'll be all in.
 
Saintjay said:
Having a discussion at work about wealth/rich and how do you tax it.

Do you base it on income, assests, property value etc. Average house profit is around 100k. Someone owning a house in Cambridge 500-600k would be considered rich by people living on the Bransholme estate in Hull for example
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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.
 
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General Melchett said:
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.
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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.
 

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