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Labour will scare rich knobs away? tax

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Replies: 122
By:
lfc1971
When: 19 May 17 07:17
The vast majority of people being paid huge salaries can be replaced, they wouldn't be missed.
And they shouldn't be receiving such salaries. However that will solve nothing for the everyday person.
There is only one way to help the middle and working classes become more prosperous and also help the countries economy and that is to stop immigration.
By:
lfc1971
When: 19 May 17 07:23
In truth it doesn't matter very much what we do now, it's too late. Every European country is in decline and no longer can stop this decline. At the same time as Britain is becoming less incentive and creative it is massively increasing its population, this has the same outcome as always.
By:
lfc1971
When: 19 May 17 07:48
What you have to remember is that Britain was the birthplace of the industrial revolution. The impart of this was so great, compare it to Silicon Valley and the computer revolution and multiply by a hundred, or a thousand , it was so vast we are still living off it today .
But that was then and this is now. And unfortunatedly times up.
By:
STUDYFORM
When: 19 May 17 10:31

May 19, 2017 -- 12:36AM, Johnny The Guesser wrote:


Get out there then Study....You sound exactly the type of guy this country needs!Study...train....invest in yourself...come up with an idea...spot opportunity...business plan..remortgage your house...build a business....work long hours...family pressures...suffer setbacks.....tweak idea....bounce back...finally crack it years later....invest in local economy...create jobs....pay shed loads of VAT and other taxes...put in 100% of the effort ...take 100% of the risk... then get asked to pay 52% of the remaining profits to a sleeping partner.Oh ..and get continually told you have just been lucky and still aren't paying your "fair share".


You have no idea mate.
I have worked and continue to work as hard as anyone. There is little assistance for those not already wealthy.
Banks do NOT help small businesses, successive governments do not help.

I have done all the things you suggest more than once, for everything! as have 100's of 1000's of others.
It is NOT how people get rich.

A massive majority of the richest people did NOT do the things you listed.
They went to the right schools, had rich parents, knew the right people.
It is naïve in the extreme to suggest that the wealthy have all somehow done something to deserve to earn a hundred times more than; a everybody else, and b, they need.

What's needed is to stop talking in percentages and start talking in numbers.

If you earn a million a year and are left with £400,000 then, WHATEVER your background, you are immensely better off than someone who earns £30,000 a year who's left with £20,000 and who, for all you know, works harder than the bigger earner.

Why is this difficult to comprehend?

By:
boxingthefox
When: 19 May 17 10:39
100% spot on STUDY. The feudal system in it's modern garb is alive and thriving. Cry
By:
STUDYFORM
When: 19 May 17 10:49
TY.
What I find strangest is that people defend it, because if they don't they somehow feel like they're being a traitor to the cause.
Years of political indoctrination.
By:
Johnny The Guesser
When: 20 May 17 11:48
Without the net contributors there is nothing beyond what people can do for themselves.

Everybody can't be a taker.

Why, therefore, is there so much resentment to the people who pay so much more into the system than they ever get back ?

"Clear off abroad, we don't need you !"  - It would be funny , but some really believe it.
By:
Breedingmad
When: 20 May 17 12:04
I always laugh when people who rarely have much money and have to shop at all the cheapest
shops to afford a couple of pints tell you proudly "We are the fifth richest country in the World!"Laugh
By:
moisok
When: 20 May 17 16:50
compared to what??  Somalia?  I reckon it ain't bad. I see lots of happy folk in my local wetherspoons!!!!  ho ho!!
By:
STUDYFORM
When: 20 May 17 18:32
Johnny The Guesser.

Without the net contributors - Who aren't going anywhere btw.
Other net contributors will replace them.

Do you truly, really, honestly believe that those who earn the most all deserve it?
Do you think that because people earn sometimes 100's times more than average they need so much more to live on?

If they didn't earn such ridiculous money they wouldn't need to "contribute" so much because the difference between them and the lowest earners would be less.

It isn't about resentment. It's about stemming some greed.
By:
STUDYFORM
When: 20 May 17 18:33
We are ALL net contributors, btw.
Just that some of have more left to survive on after contributing, than others.
By:
Coachbuster
When: 20 May 17 21:51
you will always have a percentage of  self serving ***** preying on the poor. It's just that the rich have the better opportunities to do this .



almost everyone has the potential to be a greedy barsteward .
By:
Johnny The Guesser
When: 21 May 17 07:49
"We are ALL net contributors, btw." - Is just plainly incorrect. If this was true there wouldn't be a problem.

You seem to believe that all you need is luck and that anybody can be, for example,the CEO of a multi national public company.

These guys will have put in years of (successful) graft to get into those positions. Yes, some will fail , as in all walks of life, but others will succeed, creating wealth, paying taxes, and jobs for 000s of people, adding value to their business and society of many times what they are earn.

If they fail to add value the shareholders vote and move them on.

The companies need to pay top dollar to get the top guys - If you don't they go elsewhere. That is basic economics.

Similarly if UK Plc taxes them too much they look elsewhere and you end up with 2nd and 3rd choice guys in the top jobs.

How many times in your life have you turned down promotion and  a pay rise Study ?   ("Aaah.. I see. You deserved yours ! " )
By:
lfc1971
When: 21 May 17 09:19
can johnny the guesser name someone at the top of their profession in Britain over the last 30? years who has been paid a large amount of money for doing an exceptional job, and what it was.
there have been studies of millionaires to try and see what are their characreristics, are they more clever, more risk taking, have more courage, optimism, and so on and if you look at the autobiographies of CEOs you might get the same impression..that these are great talents.

But then we are forgetting about those who fail, because they don`t write their memoirs. but those failures will be full of people who shared the same traits, courage, risk taking, intelligence, optimism  etc

But what seperates the two will be for the most part a single factor: luck, plain luck.
and in some professions, such as the investment bankers in London who can at a certain time become very wealthy, and do so not because of any skill, in fact those with the least skill and insight may make the most private fortune, because they don't see or understand the risks and then of course it ends in tears, perhaps not for them because they have made a few million, before they are sacked and have to leave the office with their cardboard box.

and then of course it starts again, and we have new experts that deserve to be paid millions.
because they are a great talent,
beware these great talents, because they will say to you give me your money, why? because I am a great talent and deserving of it.
By:
CLYDEBANK29
When: 21 May 17 09:27
Denmark Sweden and Germany are all in the EU.
By:
STUDYFORM
When: 21 May 17 09:40
How many, do you think, of the super rich do you think are people who've put in years of graft to get there?
A percentage ball-park guess figure will do.

We ARE all net contributors btw, is correct, btw.
Income tax accounts for 30% of tax revenue, we ALL pay VAT, tax on smoking, drinking, insurance, utilities and so on.
Rich or poor. The only difference is that the rich have more spare to pay for it with.

The companies need to pay top dollar to get the top guys - If you don't they go elsewhere. That is basic economics
No it's not, it's basic BS.
You are writing in some sort of belief that all the highest earners are well deserving CEO's who've scraped their way up from the bottom with no help from anyone and who are the best at what they do.
As a betting person I would wager large amounts that there are less than a dozen such people in the country (but to you, that just makes me some sort of jealous).

Do you think that shareholders actually take an interest in the nuts and bolts of company workings?
This is also extremely doubtful.

As I said a few times now.... If someone earns a million a year and keeps 400,000 of it, why is this such an awful thing?
MOST people (if it's alright with you to consider MOST people for a moment) earn less than £30,000 a year and get to keep £20,000 of it.

For once I agree with lfc.

Lastly, as I also said, you have no idea....
I have worked and continue to work as hard as anyone, mostly for myself. Having met many very wealthy people, I can confidently state that in the main they are no better or more deserving than me (or possibly you). Indeed many of them are self indulged coke-headed plicks.
Are you very wealthy, johnny?
By:
CLYDEBANK29
When: 21 May 17 09:51
I agree with the basic premis of what Johnny is saying.  You've got to be competitive and also motivational.  Otherwise you are fooked.  Now we are out of the EU, we've got to be more competitive.  People who work in top jobs in finance and IT work ridiculously hard.  They deserve the money they get imo.  Their hard graft pays for the benefits of many.  They came out bottom in a happiness survey recently to back this up.  Beauticians and gardeners came top.  Easy jobs and low pay. 

It's all about finding the right level of taxation to be competitive and motivational, but also inclusive and equitable.  Not withstanding that the current Labour shadow cabinet is arguably the most intellectually incompetent in political history, their political ideology is a long term train to the poor house.
By:
lfc1971
When: 21 May 17 09:56
you see study is making the mistake of thinking that beauticians and gardeners are happier because they are doing an easier job, but are they ? and even if the job is easier , which it may not be,is that why they are happy ?
I don't know.
By:
STUDYFORM
When: 21 May 17 09:58
I wonder who set up and paid for this happiness survey.

The old saying "I'd rather be poor and happy than rich an miserable!"
rearing its ugly head again..... Like these are the only options.

The true issue, is the difference between highest and lowest earnings. It's simply too big and has come about from many years of percentage wage rises.
By:
CLYDEBANK29
When: 21 May 17 09:59
Personally, I'd much rather be a gardener than work in finance or IT.
By:
lfc1971
When: 21 May 17 10:02
If you work in a job such as finance and investment banking it is the opposite of hard work, because the rewards are scaleable.
A gardener has to work hard to make money because his job is not scaleable, he can only work in one garden at a time
And it takes time and very hard work to make any amount of money.
The investment banker on the other hand, if he knows what he is doing and is skilled, and he may not be, can have a lot of time off and invest 1000 pounds instead of 10 .
It takes exactly the same amount of effort , if he knows what he is doing
By:
lfc1971
When: 21 May 17 10:16
And then we have the managers of these financial institutions, they pretend to be rigirous and far sighted
and they have to have meetings to formulate a 5 year plan
and thes involved expensive dinners and private jets, but this is work and has to be done
a 5 year plan, of course what they forget that they had become successful from the bottom up, and their success was due to a phone call from a customer asking about some possible investment
They became successful by accident, and they had to go to meetings and sometimes opera performances and they became very sleep deprived because of hard work, and they had vision   forgetting about the lucky phone call,
But then an event occurred and things crashed, it was the Russian financial default and the with American debt mountain
and it had such an effect that none of those great managers, with great talent were employed 5 year later
By:
Johnny The Guesser
When: 21 May 17 12:19
Do you guys try and enter computer games at Level 27 ?

You have to start at Level 1 and work up...You can't just beam into life's game at Level 27 - You would get shot to bits in seconds.

Of course plenty fail , stop progressing , or choose themselves to bail out, at various stages and for a whole variety of reasons , ( and yes "luck" does play a part along the way - How big a part is the subject of much debate and many books) - but those few that are left many years later are the survivors , the most talented, the visionary, most dedicated etc. They didn't get there by luck alone.

You guys are asking the wrong question.

Don't ask "Why are the rich paid so much?" but ask  "Why are the poor paid so little ?

Concentrate on that and we might find stuff we can agree on.

Don't make it a race to the bottom.
By:
lfc1971
When: 21 May 17 12:36
no you are asking the wrong questions. The question is does a country need people who are good at computer games ,
if they do need them how fast or how good do they need to be, how many do they need and can they be replaced by 100 others or 1000 or more without anyone noticing the difference
That's what you should be asking.

now we need a computer industry , you know people like Bill Gates and Steve Wazniak who can build an industry and not just play games. Is Britain producing such people and do we value them instead, you know the ones who actually invent something instead of playing games.
By:
Johnny The Guesser
When: 21 May 17 12:39
A net contributor is a person who pays more into the system than he takes out.

Yes, as you point out,  everybody pays in something in various forms of taxation , but you do then need to deduct the costs of the benefits they receive and their share of the huge costs of all our public services.

The net contributors pay in and the rest have it spent on them.  That is the way it works.

We are all doomed without them. We can't all be takers.

At the end of the year we spend £60-90 billion more than we take in (depending on which set of figures you want to use). We have also run up debts of trillions doing this for many many years.

Everything paid in by the net contributors - spent . Add the colossal debt mountain - ALL spent on the takers.

I know you won't like it , but I'm afraid that is the way it is.
By:
lfc1971
When: 21 May 17 12:47
yes but the point is the amount of money  a person gets paid , it is value for money not from his point of view , but the countries point of view.. that is what is important and it is only if great value if that person cannot be replaced
By:
Johnny The Guesser
When: 21 May 17 12:48
1971 - You just don't see it - The "100 or 1000 others"  had a shot and for whatever reason fell away. The guys that are left are the remains of this group. This evolution is going on all the time.

A guy invents something  great - makes his millions and then you'd slag him off on here !! Laugh
By:
lfc1971
When: 21 May 17 12:50
now can you name me a politician, a doctor, an engineer, a scientist, a tech expert, a writer, a musician an actor, a banker, an investment and trading manager who cannot be replaced
In England, I don't know.
By:
Johnny The Guesser
When: 21 May 17 12:51
If it's that easy - you be any of them.
By:
lfc1971
When: 21 May 17 12:52
Not at all johnny, I have the very greatest admiration for people like Gates and Wozniak
But the problem is most countries can't produce them , some never produce them, Britain used to produce them
Where are they now and we can pay them as much as they wish.
By:
lfc1971
When: 21 May 17 12:57
Now you don't seem to understand, I may not be able to replace a doctor, it is a skilled and difficult job
But thousands of other people can
Then we have the many semi skilled jobs such as being a politician or an investor in s London bank and anyone could do that job, and do .. you have only to look at the results..and they are being paid huge salaries for failure
By:
1st time poster
When: 21 May 17 13:02
in simple terms the divide is easy to discuss in area,s like

people mostly on expenses accounts spending a couple of grand on a lettuce leaf in a top nosherie paying 99.9% of the workers involved bringing it to your table minimum wage
in the multi billion pound premier leg where players are getting 300 grand a week 99.9% of the workers bringing the atch to you on minimum wage
nurseries,child minders charging 2 arms and 3 legs to provide child care and the people doing the actual caring on minimum wage,

theres 1000 of other industries with the same wage structure ,wheres the trickle down effect in these industries,air hostess,airport workers another one
By:
Johnny The Guesser
When: 21 May 17 13:12
OK 1971 - Why aren't you a "politician or a bank investor" ? - Start tomorrow.
By:
lfc1971
When: 21 May 17 13:12
But of course ist time poster these are very talented individuals who couldn't be replaced ?
I don't know
Let's take an extreme example of how luck plays a bigger part than you can imagine
There were two footballing brothers , one call bobby and one called Jackie
Bobbiy was a talented player who reached the very highest part of the game
But then he had a brother who who almost no natural ability to play football, who also reached the very highest part of the game, played in World Cup finals and the domestic cup finals and became a household name and then went on to manage at club an international level with some level of success and at the same time making a small fortune
Without having any ability to play the game..he was lucky to be bobbys  brother and that was enough
That us just a simple example , he had no talent but it mattered not, he was lucky
By:
Johnny The Guesser
When: 21 May 17 13:14
...or a World Cup winner ? Laugh
By:
lfc1971
When: 21 May 17 13:15
It's immaterial , it is not about my career, you have no idea of that and anyway poverty doesn't bother me.
By:
lfc1971
When: 21 May 17 13:16
You havent named a politician that couldn't be replaced have you johnny ?
By:
Johnny The Guesser
When: 21 May 17 13:17
We all get to choose our guys on 8th June - Where are you standing ?
By:
lfc1971
When: 21 May 17 13:17
or a footballer, or a technology expert , or an investment banker,
If very simple name these great talents
By:
lfc1971
When: 21 May 17 13:19
And don't say Benteke :)
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