Billionaires pay "0% - 0.5% tax" report finds - Suggests 2% minimum tax.
- Thread starter VincentHanna
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Yes a very good point - but then that's not directly related to the owner's wealth is it? They're also devices which are in part designed to tie you to that ecosystem, e.g. almost part of marketing.
Depends how you define "improved".
Is the supermarket more convenient (and cheaper) than having to go to 5-6 different shops for your groceries? Absolutely.
Is the quality of produce anywhere near what you could get otherwise? Not even close.
Do most people care about the first point more than the second? Sadly yes
The other danger is giving a single entity too much "power".
Run your business at a loss or barely any profit. Aggressively destroy any competition (due to aforementioned running at a loss). Now bump all your prices up - what are your customers going to do, shop at the competition which you've destroyed?
I have absolutely zero economics qualifications
I'll drop out.But I hope I have added a bit of flavour, I just think some people have an ingrained skepticism (maybe even hatred) of business owners. My late beloved father was like that. It's interesting that it seems to be a form of prejudice that is pervasive and seems to be acceptable. All of the major parties, all they care about now is the economy, and big businesses boost the economy. That is all that matters to the people that rule us. So even if that prejudice is wide spread through the electorate, the powers that be will pander to the business owners.
Ultimately I think the majority of issues with the modern economy are sustainability (environment) and declining birth rates, our economy and welfare system (and most western ones) is predicated on growing populations. That is slowing, and someone needs to come up with a solution for that.
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There is more to job quality than just pay, their working conditions are grim, I'd sooner work for less elsewhere.
And I am fully aware I am a hypocrite, but for now, using Amazon saves me money, and my wallet-protest instead goes against all things Nestle (and they have their dirty fingers in SO many products).
Soldato
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Its difficult at individual state level since they can just move it elsewhere
If all the states where people would want to store wealth cooperated it would change the picture.
Say the only places you could hold wealth were Russia, South america, somalia etc you would be far less likely to want to store all your wealth there, than declare it and hold it in the UK.
People often talk about the tax havens. Most of the tax havens fall under the protection of one of the major players globally.
Imagine if 50% of the worlds wealth was stored in a Caribbean tax haven. They would require a bonkers armed forces else someone could just trot in and perform a coup.
If all the states where people would want to store wealth cooperated it would change the picture.
Say the only places you could hold wealth were Russia, South america, somalia etc you would be far less likely to want to store all your wealth there, than declare it and hold it in the UK.
People often talk about the tax havens. Most of the tax havens fall under the protection of one of the major players globally.
Imagine if 50% of the worlds wealth was stored in a Caribbean tax haven. They would require a bonkers armed forces else someone could just trot in and perform a coup.
Have you worked there? Is it worse than most jobs that are "unskilled"? I would argue it's probably better than a lot. I have friends who work in warehouses and do similar work, Amazon absolutely would not be one of the worst places to work if you're doing that kind of labour.
Soldato
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Their warehouses do have a reputation as being pretty ****** to work in.
Lights turning off if you don't move fast enough, not allowed to go to loo breaks etc
Not sure if thats country specific or company policy.
Lights turning off if you don't move fast enough, not allowed to go to loo breaks etc
Not sure if thats country specific or company policy.
Yes but public also want (they should) these places taxed.
And that's the job of the state/world.
I your world it would seem like most people would end up dead if they aren't wealthy enough?
How we benefits, health care, etc of we let mega corps get off easy with lack of tax?
Where else do we get it from?
This problem is happening now. Right in front of us. There's no where left to get money from. Certainly, the average Joe doesn't have much left. Should we raise tax on Payee?
If we aren't going to increase tax on wealth... You have to be happy to let the general standard of living decline. Because that's what's going to happen.
Money trickles up not down.
Most of them are donors(backhanders) of the government so it will never happen.
Soldato
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Only until you cannot get enough of the population to vote for you to get a majority.
Once thats at risk they need to start trying to change the system to hang onto power. Look at jerrymandering in the US for how that plays out.
Soldato
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What is needed is a loan tax. With an associated rebate on repayment, which is void upon death.
As far as I understand it, many billionaires don't pay tax because they don't take a salary. Instead, what happens is they use on loans guaranteed by the assets they own, which are repaid on their death. Having the aforementioned tax would go a long way to stopping that sort of behaviour.
As far as I understand it, many billionaires don't pay tax because they don't take a salary. Instead, what happens is they use on loans guaranteed by the assets they own, which are repaid on their death. Having the aforementioned tax would go a long way to stopping that sort of behaviour.
Donuts, slices, cakes, rolls. Might pop to the butcher on the way, and the fish monger and Woolworths and Wilkinsons as well.
Might treat myself to some penny sweets as well. None of this Harribo nonsense.
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Man popping into Woolworths for pick n mix before going to the pictures. Those were the days.
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Amateur, I used to pop out of school at lunchtime across to Manchester High School for Girls and get a pick and mix you could really feel going down in the cinema
Soldato
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Your like some nasty hybrid of Mills and Boon and 50 shadesAmateur, I used to pop out of school at lunchtime across to Manchester High School for Girls and get a pick and mix you could really feel going down in the cinema
Your like some nasty hybrid of Mills and Boon and 50 shades
I always thought he was more like a combo of Victor Meldrew and Albert Steptoe