CVByrne

New contract being signed?

Whenever there is a new leader Boris is gone. He will stay PM until they elect a new leader

1) They will need to give up their citizenship of the UK as well as their residency. They will also need to sell their UK assets which we tax via capital gains. 2) As I said we set up a branch of HMRC like a criminal assets bureau to stop this. Assets in the uk (like uk stocks / property) will be taxed regardless of where the person owning them lives when they die. So all of this or just pay the higher rate of tax. Most of this can be done without changing the rate of tax from 40% to 60% just so we can actually tax these people. I agree it requires more governments to have an agreed level of inheritance tax to become more effective.

Yes, that is the most likely scenario but if they sold the assets we would still be able to tax them via capital gains tax.

That's not what we are targeting. It is these massively wealthy people who's kids will never need to work in their lives as a result. My view on society is we should give every kid the same chance as the next kid. But they all need to earn their way in life. That's why I believe there should be a cap of say £1m or £2m or something that any single person can inherit and the rest then goes to the state. This would almost eliminate income tax entirely. It would stop grotesque wealth accumulation. I know this view is extreme and it wouldn't be workable in a single country. So I would just create single person inheritance tax limits of say £1m at a lower rate of say 30% and increase the remaining balance above that to 60%. This would be applied to any UK assets regardless of where the owner was tax resident. I would couple this with a 1% wealth tax again on all assets but reduce transactional taxes like stamp duty and capital gains. The transactions are avoided by the rich so we will just tax the wealth not the transaction. I would form a part of HMRC that is set up in the way the Criminal Assets Bureau in Ireland was set up to seize the criminal assets of organised crime. This branch of HMRC would be tasked with working through the network of companies and complicated methods the rich use to hide their assets. Residential property in particular should only be owned by Companies / SPVs which are publicly traded or have individuals as share holders. This avoids the network of companies and off short companies owning residential property in UK.

That's not what we are targeting. It is these massively wealthy people who's kids will never need to work in their lives as a result. My view on society is we should give every kid the same chance as the next kid. But they all need to earn their way in life. That's why I believe there should be a cap of say £1m or £2m or something that any single person can inherit and the rest then goes to the state. This would almost eliminate income tax entirely. It would stop grotesque wealth accumulation. I know this view is extreme and it wouldn't be workable in a single country. So I would just create single person inheritance tax limits of say £1m at a lower rate of say 30% and increase the remaining balance above that to 60%. This would be applied to any UK assets regardless of where the owner was tax resident. It would also apply to all UK Citizens regardless of where they live, like the US does. I would couple this with a 1% wealth tax again on all assets but reduce transactional taxes like stamp duty and capital gains. The transactions are avoided by the rich so we will just tax the wealth not the transaction. I would form a part of HMRC that is set up in the way the Criminal Assets Bureau in Ireland was set up to seize the criminal assets of organised crime. This branch of HMRC would be tasked with working through the network of companies and complicated methods the rich use to hide their assets. Residential property in particular should only be owned by Companies / SPVs which are publicly traded or have individuals as share holders. This avoids the network of companies and off short companies owning residential property in UK.

Why are people so obsessed with us signing more players? Surely a new midfielder is dependent on at least Sanson leaving. Carney should avoid signing a new contract as it seems we're going to stock up on 8s

We can freeze Russian Oligarchs assets quite quickly and rapidly. So we know where peoples assets are, so we can tax wealth. We should have higher inheritance taxes too because they're the most fair. People should all earn their own way in life and not be handed money and wealth amassed by others. Even if those people were their parents or grandparents.

So the actual proper rich people can stay avoiding taxation entirely because they don't pay income tax.

Yeah Young to cover RB I feel. Chambers too possibly.

Corbyn was always unelectable. The electorate were stuck between a rock and a hard place. We had the Brexit Tories and Marxist takeover of Labour. An awful situation to be stuck in with literally nobody to vote for and people deciding on the lesser of two evils. It was a really horrible time for the country. I have a strong dislike of the extremes of "left" or "right". Unfortunately we now have culture wars and identity politics thrown in with fiscal policies. I like coalition governments because it inbuilds compromise into government and leads to less extremes in government. Corbyn was the absolute disaster that lead us to Boris. Fighting extremes with extremes is doomed to failure and harms the country badly. I just want a decade of Labour / Lib Dems coalition and keeping the Tories and the SNP as far away from government. I just want some stability and some consistency of government policies over a longer period of time.

In 2 years time I can't see it being an issue that the will be important electorally

The same way Corbyn was the best thing for the Conservatives. Now Labour has come back towards the centre again they will get more votes off the Tories. Brexit isn't an election issue either so people can vote on more than a single issue. The question is timing. If they have a new PM and he/she waits 2 years before a general election they can put distance between themselves and Boris and get past the cost of living crisis and the coming recession

The issue is the concentration of wealth. Finding ways to avoid paying tax on that. So for example, stock buybacks are preferred to Dividends because Dividends are income taxed at high rates of tax. If we had higher inheritance taxes we could stop the concentration of wealth through generations. If we simply taxed wealth then we could tax people for owning multiple homes and for their stock portfolios 8-10% growth year over year etc. Capital gains taxes don't work because they never sell these assets just accumulate them. They then use the assets as collateral to secure low interest lines of credit to spend, so these are considered debt. So they essentially see their wealth grow and then they can spend against that wealth accumulation with lines of credit. All tax free. Inflation erodes the value of the money the owe while their assets grow in value rapidly. That wealth is growing year over year and the wealth gap between the rich and the rest of us grows. The wealth needs to be taxed. It's as simple as that. There is no more scope in taxing people income more.

I believe income taxes are outdated and we should be taxing wealth and lowering taxes on income.

Yes, because they believed the lies they were told

I think Starmer is good. But I suppose anyone would look good when compared to Bojo and Corbyn. I will be happy having Starmer as PM on a Labour / Lib Dem coalition. As long as SNP have no sway I'll be happy.

They can't afford him, unless it's a Loan fee. Or a Loan fee + obligation to buy next summer

Someone post the It's Happening gif

Ah whataboutery. Standard response to something. You could just state your view on the subject. What do you want the Government to do? Cut taxes on Fuel and borrow more money to do that? Fuel taxes are there so the people who use the roads the most pay more towards the road upkeep than those who don't. We all rely on roads but some more than others.

Fuel duty is a fixed cost and has been for over a decade. You can't blame the Government for that part, they also cut it by 5p. VAT is a % of the price, so this has risen say 15p overall during the rise. So if you factor in the duty cut tax has made up 10p of the total rise in fuel cost. What would you have Government do? cut all the fuel duty and borrow more money to cover it? That isn't fair, I don't have a car why should we take out more debt to subsidise people who own cars?

We paid less for him than we would have if we waited to the summer. Marseille needed the cash that window. Hence the price was too good to turn down.

I can't imagine we'll be signing a new Midfielder without one leaving.

We spend more than we take in as taxes in UK. We've had budget deficits for years and it was over 8% at £187bln in 2021. We can't keep borrowing forever. We also have the highest tax burden in over half a century. We have to spend lots of tax paying the interest on the national debt and fund services.