Billionaires pay "0% - 0.5% tax" report finds - Suggests 2% minimum tax.

[wesimmo]

By hoarding do you mean that there are companies that take money from the working man’s pockets and keep it in their own pockets when they could reinvest it and get the money circulating in the economy?

Amazon has $64 billion in actual cash. That is money they have actually taken from people and companies that has not been spent.

Amazon’s market cap is $1.3 trillion and Bezos net worth is $165 billion.

So where does this extra value come from that they are hoarding?

No, I'm saying that Jeff Bezos being worth that much money, having a fleet of yachts and generally being that rich when his workforce are on barely more than minimum wage while working in horrendous conditions is, to me, morally wrong.

Again it's my personal opinion and moral persuasion, but having so many people with that sort of wealth in the world while there are people working who use food banks is a failure of society. I mean the self proclaimed best country in the world, the US, doesn't even have universal health care.

 

[Chuk_Chuk]

No, I'm saying that Jeff Bezos being worth that much money, having a fleet of yachts and generally being that rich when his workforce are on barely more than minimum wage while working in horrendous conditions is, to me, morally wrong.

Again it's my personal opinion and moral persuasion, but having so many people with that sort of wealth in the world while there are people working who use food banks is a failure of society. I mean the self proclaimed best country in the world, the US, doesn't even have universal health care.

I didn’t ask you about your morals. Mainly because it is an endless conversation where people ensure that the line is drawn millimetres in front of their big toe.

I asked what you meant by hoarding wealth. If you don’t have an answer for me. That is fine.

 

[wesimmo]

I didn’t ask you about your morals. Mainly because it is an endless conversation where people ensure that the line is drawn millimetres in front of their big toe.

I asked what you meant by hoarding wealth. If you don’t have an answer for me. That is fine.

I've made it clear what I meant, if you want to argue the toss about what hoarding is when used in a casual post, knock yourself out, I won't be.

I'm generally against the ever increasing wealth divide where people have such ridiculous amounts of excess wealth and people starve to death or die from easily treatable disease In supposedly civilised countries.

It's also a philosophical question that becomes more relevant as AI and automation become more prevelant.

Being concerned about that is hardly drawing the line a mm in front of my toe.

 

[Roar87]

No, I'm saying that Jeff Bezos being worth that much money, having a fleet of yachts and generally being that rich when his workforce are on barely more than minimum wage while working in horrendous conditions is, to me, morally wrong.

Can you show me these horrendous working conditions?

DAY IN THE LIFE Working at an AMAZON Warehouse (Inside Footage)

Here is a Day in the life of an Amazon warehouse worker. I work at an Amazon fulfillment center and wanted to show actual inside footage of what it is like w...

youtu.be

It's just regular warehouse work.

 

[Chuk_Chuk]

I've made it clear what I meant, if you want to argue the toss about what hoarding is when used in a casual post, knock yourself out, I won't be.

I'm generally against the ever increasing wealth divide where people have such ridiculous amounts of excess wealth and people starve to death or die from easily treatable disease In supposedly civilised countries.

It's also a philosophical question that becomes more relevant as AI and automation become more prevelant.

Being concerned about that is hardly drawing the line a mm in front of my toe.

You didn’t need to write that much to say you don’t have an answer for me. I wasn’t going to respond but I couldn’t help but chuckle at this bit.

Being concerned about that is hardly drawing the line a mm in front of my toe.

In supposedly civilised countries.

Yeah you just did exactly what I said people do. Drew the line right in front of their toes. **** everyone in those “uncivilised” countries. (I wonder what that means. Is this the fabled dog whistle everyone always mentions). Because if you consider how terrible and horrendous their lives are, so we can enjoy our goods, your complaints would seem quite hollow.

This is how the argument always goes. It’s why I am not interested in rehashing it.

 

[unwashed potato!]

Yeah you just did exactly what I said people do. Drew the line right in front of their toes. **** everyone in those “uncivilised” countries

Which he never said. You added that bit to attack it.

 

[unwashed potato!]

Can you show me these horrendous working conditions?

DAY IN THE LIFE Working at an AMAZON Warehouse (Inside Footage)

Here is a Day in the life of an Amazon warehouse worker. I work at an Amazon fulfillment center and wanted to show actual inside footage of what it is like w...

youtu.be

It's just regular warehouse work.

You're right. All the other workers are lying. I assume you have first hand knowledge to know that posting a video with funky fun music shows the true situation at amazon centres?

Roar gotta roar.

 

[Chuk_Chuk]

Which he never said. You added that bit to attack it.

You’re right he never explicitly said that but it was implied. He didn’t have to end the sentence with the term “civilised” countries. Which lets be honest what he means is in the western world.

But he did. for a very good reason. That is what he cares about because that is what affects him.

I’m not arguing if it is right or wrong because I don’t care. You are free to care about what you want and I am free to care about what I want.

 

[Richie]

Can you show me these horrendous working conditions?

DAY IN THE LIFE Working at an AMAZON Warehouse (Inside Footage)

Here is a Day in the life of an Amazon warehouse worker. I work at an Amazon fulfillment center and wanted to show actual inside footage of what it is like w...

youtu.be

It's just regular warehouse work.

We can all post videos from showing both sides

There has never been more money than there is now.

And yet our country and public services have never been worse.

How does that make sense?

Do you mean actual money e.g. 1 billion in 2010 and 1.5 billion in 2023? (Just example figures)... If that's the metric - inflation will eroded the increase as things will now cost more

 

[wesimmo]

You’re right he never explicitly said that but it was implied. He didn’t have to end the sentence with the term “civilised” countries. Which lets be honest what he means is in the western world.

But he did. for a very good reason. That is what he cares about because that is what affects him.

I’m not arguing if it is right or wrong because I don’t care. You are free to care about what you want and I am free to care about what I want.

No I did not. I was using them as an example in a conversation, apologies for not listing all the things and people I'm concerned about.

You're inference about it being western countries says more about you TBH.

 

[Roar87]

We can all post videos from showing both sides

I mean, posh little C4 journalist does warehouse work for the first time. This is the standard for warehouse work in general, it's no better or worse than any where else. Just because Channel 4 does their usual trick of putting ominous music and creepy sounding voice overs it doesn't make working there "horrendous".

 

[Richie]

I mean, posh little C4 journalist does warehouse work for the first time. This is the standard for warehouse work in general, it's no better or worse than any where else. Just because Channel 4 does their usual trick of putting ominous music and creepy sounding voice overs it doesn't make working there "horrendous".

Given the time that has passed on me posting that and you replying (circa 8 mins), I'll have a stab at guessing you didn't bother watching it before commenting.

Part of it speaks to other "not so posh little" people who give their opinion too.

 

[Roar87]

Given the time that has passed on me posting that and you replying (circa 8 mins), I'll have a stab at guessing you didn't bother watching it before commenting.

Part of it speaks to other "not so posh little" people who give their opinion too.

Oh you mean like you didn't watch the video I linked?

 

[Richie]

Oh you mean like you didn't watch the video I linked?

I did actually but you do you

 

[jeffk]

It's just regular warehouse work.

Why is the attrition rate double the industry average then? Is it the poor wages?

 

[kieran_read]

The mega wealthy get most of their wealth from dividends and shares.

I would reduce the top rate of tax of salaries to 35-40% tax have dividend tax bracketed at the same level as salaries plus 5% so if the top rate of salary is 35% over 150k then dividend tax over 150k would be 40%

I would then cap top salaries at 20x the rate of the lowest salary.

The result would be if the rich want to pay less tax but pay themselves more they would need to pay everyone who helps make them that wealth more money.

If they don't want to pay those people money they have to pay a higher tax rate through dividends.

 

[Richie]

Pay 42pc anything over 43.6k?
That is a lot lot more than E&W if it's taking into account the same. Tax free allowance as we have here that ours us at 40pc at 50k.

Just looked.
I'd be 1700 a year worse off in Scotland! Damn. That's a lot!

It helps to pay for things like the Scottish Child Payment (£25/week extra for every child under 16) which is probably a big reason why Scotland has the lowest child poverty rate in the UK.

Actually, after just checking, Scotland's overall poverty level is quite a big better than England and Wales.

 

[Christmas themed thank]

I mean, posh little C4 journalist does warehouse work for the first time. This is the standard for warehouse work in general, it's no better or worse than any where else. Just because Channel 4 does their usual trick of putting ominous music and creepy sounding voice overs it doesn't make working there "horrendous".

Do you think any job should have you standing for 12 hours straight without sitting down?

Do you know Amazon went to court - and lost - because of unsafe working practices?

 

[Roar87]

Do you think any job should have you standing for 12 hours straight without sitting down?

Do you know Amazon went to court - and lost - because of unsafe working practices?

They aren't though, they have breaks, they also rotate the jobs they're on. I worked in a warehouse for Royal Mail sorting post when I was about 18 - guess what? We were on our feet for the whole 5 hour shift or whatever it was. If I chose to work longer hours, I'd be on my feet for the whole shift too. No one is being forced to work a 12 hour shift at Amazon.

 

[unwashed potato!]

No one is being forced to work a 12 hour shift at Amazon.

Lol