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UK politics - Hamsterwheel

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UK politics - Hamsterwheel

Old 16th May 2017, 22:14
  #9141 (permalink)  
 
Join Date: Nov 2008
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Originally Posted by cavortingcheetah View Post
At those rates, with the reduction in inheritance tax allowances promised by Corbyn and the increase in CGT and, bearing in mind that this is only the first Communist foray into the finances, there won't be any inherited wealth in the UK.
Inheritance is unearned income and should be taxed from a low level. Persons inheriting have done nothing to earn it.
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Old 16th May 2017, 22:21
  #9142 (permalink)  
 
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Originally Posted by racedo View Post
Inheritance is unearned income and should be taxed from a low level. Persons inheriting have done nothing to earn it.
Why, what gives the state permission to steal?
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Old 16th May 2017, 22:23
  #9143 (permalink)  
 
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Originally Posted by racedo View Post
Persons inheriting have done nothing to earn it.
And nor has the government.

For someone who claims to be a capitalist, you have very socialist views.....
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Old 16th May 2017, 22:28
  #9144 (permalink)  
 
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Originally Posted by racedo View Post
There was no tax on capital growth of an investment, clearly something you have difficulty understanding.
10/10 for evasion.

I must admit you are the most evasive poster on PPRuNe - if you dont want to answer a simple question just say, all this evasiveness isnt doing you any favours.



Notice how quicly you ran away from Private companies.

Funding expansion by a company using its own or borrowed resources is investing in their own business and keeping control and not allow external investors in.

Clearly you have little or no clue on investing as you struggle with the idea of Privately owned companys.
Ye gods, its like talking to Dianne Abbott.

I said "Care to name a major company that has grown without any outside investment coming in?" - I never mentioned Public Companies, Private Companies or the Pikey down the road laying tarmac drives.

So as you are unable to name a single major company that has got where it is without outside investment, feel free to keep evading.
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Old 16th May 2017, 22:36
  #9145 (permalink)  
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Greed and envy should never be the motives for acquiring money or, in the great tradition of socialist hypocrisy, are bankers excluded from this goose plucking theorisation.

It rather strikes me though that inheritances, unearned income and benefit payments have so much in common that, were one to tax the first two out of existence, then in the interests of that great and beloved ideological conceptualisation,British fairness, one should legislate against the last one.
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Old 16th May 2017, 22:51
  #9146 (permalink)  
 
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Originally Posted by ORAC View Post
Which is where the stupidity of national unions and wage agreements come in. Someone in London paying £1500 a month for a room and in the north £400 for a house - but the union demanding they get the same wage.
Yes. National wage rates are completely bonkers.
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Old 17th May 2017, 06:22
  #9147 (permalink)  
 
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In Labours recent election broadcast, Corbyn wheeled out luvvie Maxine Peake to bleat about the Tories record on tax. Maxine forgot to mention her own tax affairs, her income is filtered through one of those "tax efficient" companies that is designed to help celebs and sports stars...er...avoid tax!

Ooops!
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Old 17th May 2017, 07:02
  #9148 (permalink)  
 
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Originally Posted by racedo View Post
Inheritance is unearned income and should be taxed from a low level. Persons inheriting have done nothing to earn it.
The recognisable face of the politics of envy. It's likely to have been taxed at source, double taxation is theft. If I've worked hard and paid taxes on my earnings, the fact that I want to pass that on to my children to give them a leg up in life, should not be a source of income for the feckless.
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Old 17th May 2017, 07:21
  #9149 (permalink)  
 
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I am definitely behind Corbyn as he displays characteristics much purer of heart than Theresa May and the Tories.

I know most of you on Jetblast will view this view with contempt and disdain, so be it. I'd rather live in a world led by a 'fool' like Corbyn, than one that is truly foolish, like most of the Tory leadership. They are much more likely to lead us into a war which may well be both catastrophic and avoidable.

I anticipate a Tory victory, I'm sad to say. Let's hope for a miracle, as last year proved, they do happen!
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Old 17th May 2017, 07:57
  #9150 (permalink)  
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Inheritance is unearned income and should be taxed from a low level. Persons inheriting have done nothing to earn it.
Nor have many of the people who may benefit from the taxes that would generate.
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Old 17th May 2017, 08:59
  #9151 (permalink)  
 
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Slow on here today, aren't we?
Following the instant torrent of mickey taking, criticism of Diane Abbot recently when she screwed up the cost of extra police, I was expecting something similar in reaction Philip Hammond's equally stupid gaffe on the Today programme. He claims HS2 will cost £32 Billion. More than a year ago, his government was saying it will cost £57 Billion. Does he really expect us to believe the cost has magically almost halved? HS2 has already cost somewhere around £1 Billion without a blow being struck in terms of track, infrastructure etc. Meanwhile, Hammond is still scrabbling round. looking for the £500 Million to make up for the gap his NI fiasco cost.
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Old 17th May 2017, 09:41
  #9152 (permalink)  
 
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Stan, It's good to see a supporter of the left here who doesn't have to quote the Guardian incessantly! The problem with Corbyn is that he does honestly believe what he says but hasn't looked around the world to see if it really works. Evidence shows that it just doesn't. And that's what makes him a fool. His policies will reduce relative poverty for one simple reason: wealth levels in general will be reduced so much that those who are 'poor' now won't be any better off at all but they won't be relatively so poor any more. Everywhere the left do nothing to increase wealth. They reduce the wealth of the 'wealthy' and keep the poor in their place. The reason is simple: the left get their support from the 'poor' so the best thing to do to ensure continued support is to ensure that the population remains 'poor'. By reducing the wealth of the 'wealthy' this not only is a popular move among the 'poor' but it also reduces the strength of the 'wealthy' to resist. This continues support for the left until the entire system crashes to the ground through the flimsiness that it creates in the economy and society.

I would far rather live under a system that makes generating wealth a high priority as this 'feeds' society and creates far more opportunities for the 'poor' to improve their lot.

(I use quotation marks when referring to the 'poor' as the 'poor' in our society are bloody affluent compared with millions of genuinely poor people in many, many parts of the world.)

I don't read the Daily Mail at all, but I am including the reference just as a counter to the endless references to that 'news' source that seems to control the minds of some posters here, the Guardian: Jeremy Corbyn's plan to bankrupt UK with black hole | Daily Mail Online (I didn't have to look it up, the link was provided by the BBC!)
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Old 17th May 2017, 09:49
  #9153 (permalink)  
 
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Originally Posted by Trossie View Post
His policies will reduce relative poverty for one simple reason: wealth levels in general will be reduced so much that those who are 'poor' now won't be any better off at all but they won't be relatively so poor any more. Everywhere the left do nothing to increase wealth. They reduce the wealth of the 'wealthy' and keep the poor in their place. The reason is simple: the left get their support from the 'poor' so the best thing to do to ensure continued support is to ensure that the population remains 'poor'. By reducing the wealth of the 'wealthy' this not only is a popular move among the 'poor' but it also reduces the strength of the 'wealthy' to resist. This continues support for the left until the entire system crashes to the ground through the flimsiness that it creates in the economy and society.

...

(I use quotation marks when referring to the 'poor' as the 'poor' in our society are bloody affluent compared with millions of genuinely poor people in many, many parts of the world.)
Spot on. The commies' "eliminate poverty" objective can, with the current definition of "poverty", be achieved simply by shooting all the rich people (or, slightly less drastically, changing the tax system such that they all emigrate) - this helps the "poor" how, exactly?

(What pisses me off is things like complaints that hospital car park charges hit the "poor" the worst - this is complete bollocks because the "poor" don't have cars. Even people claiming to champion "the poor" don't have a clue who they are.)
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Old 17th May 2017, 09:53
  #9154 (permalink)  
 
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I would far rather live under a system that makes generating wealth a high priority as this 'feeds' society and creates far more opportunities for the 'poor' to improve their lot.
As surely as you believe that anything Corbyn might do won't work, it is obvious that this doesn't work either Trossie. People are greedy.
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Old 17th May 2017, 09:53
  #9155 (permalink)  
 
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cavorting, Where you here in the beginning of those terrible Bliar years, when increasing demands were put on the NHS due to their envy politics when they cancelled the ability of pensioners to claim tax deductions for the cost of private medical insurance? When pensioners as a group are probably about the biggest 'drain' on the NHS, I would like to see if anyone has calculated the relatively small increase in Treasury revenue from this foolish 'envy' move compared with the extra drain on the NHS from all those pensioners who cancelled their private medical insurance and put extra demands on the NHS.
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Old 17th May 2017, 09:57
  #9156 (permalink)  
 
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Stan, the problem with the sort of system that keeps the 'poor' poor, is that the greedy (who exist in any system) go into politics and ... well ... "some animals become more equal than others"!!!
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Old 17th May 2017, 10:01
  #9157 (permalink)  
 
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... people claiming to champion "the poor" don't have a clue who they are
but they get jobs as MPs earning £74,000 plus...
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Old 17th May 2017, 10:26
  #9158 (permalink)  
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Redbridge Council still working to halt child deaths caused by interfamily relationships
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Old 17th May 2017, 10:42
  #9159 (permalink)  
 
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Corbyn should follow his Marxist masters.

Inheritance is unearned income and should be taxed from a low level. Persons inheriting have done nothing to earn it.
China does not have any Inheritance Tax and Russia abolished it on 1st Jan 2006
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Old 17th May 2017, 10:45
  #9160 (permalink)  
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Originally Posted by Trossie View Post
When KnC posted that link to that far-too-often-quoted-on-here 'newspaper' (the one that is quoted to nauseous frequency), did he really intend to continue his 'bashing' of the wealthy with a report that included this (my emphasis with the bold text):
Do I take you that you're not overly enthused with the links then ?

There again, this could be the result of your psychological prognosis that the Guardian is engaged in...mind control..... and I am merely responding to the evident indoctrination process which commenced in 1975....

Alas, the list below fails to include this.....but does include many of the traits displayed by so many on here....

Brainwash & Mind Control

However, less you succumb to deprivation, here's a couple of links to keep your mind active.....

https://www.theguardian.com/commenti...ifesto-cartoon

https://www.theguardian.com/commenti...-the-thinkable



The last one is for ORAC.....feel free to remind us as to how Labour influenced and imposed Tory policy here....

https://www.theguardian.com/society/...al-kathy-mohan
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