Don
A beautiful analogy, thanks for the source, was going to ask who said it.
Want to know where all the money went?
- Thread starter jsmoke
- Start date
Yep, there isn't an easy solution to sort this out.
Soldato
So your saying there are no detrimental effects of using these tax havens?
I may have jumped the gun a bit here. The money still exists for the banks to lend just these rich are getting better returns by using these havens. I get that.
Soldato
Fairness isn't the issue.
It's enough tax to keep the economy going to continue cyclic consumption to allow the money to retain its value.
Some of the right wing cliches in this thread are hilarious.
"TAX IS THEFT TROLOLOL" - ahem.
It's a shame it's utterly flawed as one.
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Soldato
It gets banded around so much, but it is such a meaningless phrase - people use it as an absolute 'they should pay their fair share of tax' or 'as long as they pay their fair share'. No one knows or can agree on what that is.
It's so ****ing meaningless.
Soldato
It's beautiful like a piece of art. Ultimately useless and not quite representative of reality, though.
Don
You don't increase prosperity by increasing taxes. It's quite apt.
Soldato
Oh I agree.
I have my own views on taxation & "fair" levels, but it's subjective so pointless to use in debates.
What isn't subjective is that the entire global economy is falling apart due to short term greed & the fact certain groups ignore long term sustainability in order to get incredibly wealthy.
Soldato
It depends on what you spend the tax on.
Improvements in infrastructure most definitely encourage economic growth.
If we lived in the capitalist dystopia those strongly aligned to the right crave, the middle/working class would erode to the point demand for goods & services would hit rock bottom - unemployment would skyrocket & crime would go through the roof.
The standard of living in the UK would greatly diminish & our economic growth would flatline.
If you want to use the "Tax is theft" line.
Then by the same standard "Profit is theft".
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Soldato
Well, that's fundamentally wrong not least because you're not defining scope and starting point - increase from what? What to tax? What is prosperity?
If the government taxed just 1% from the economy and didn't provide universally free education, and then increased tax to 2% in order to provide it, prosperity would increase.
More realistically, the government increased taxes in order to better fund research-focused universities, then prosperity would probably increase.
When the government stops wasting millions and millions on complete ******** then i will support a fair tax system. Until then i completely agree with you whole heartedly
Soldato
Soldato
What makes the tax you pay more part of the 'wasted' than say, mine? Or do you include funding the NHS or education system as waste too?
Most of that money shouldn't be going straight to the tax man, it should be paying employees much more, none of these super-rich made the money from just their effort, there is an army of greatly underpaid employees supporting them. If everyone was paid more (except for the CEOs) then it would generate more tax while also adding a great deal more to the economy (everyone can spend more!).
Profit just for the sake of storing the excess money is pretty evil, they should be expanding/reducing prices/increasing pay.
Profit just for the sake of storing the excess money is pretty evil, they should be expanding/reducing prices/increasing pay.
If you don't know then go educate yourself on the waste
Soldato
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You would almost think the people of the country might have the sence to vote for someone who would change the 'morally' unfair system, but oh look, cor thirty years we have voted labour, then cons, then labour, then cons.... And oh yes, it hasn't changed.
Soldato
Where has this idea that rich people create jobs come from? Demand creates jobs.
the longer this goes on the more money will disappear from the country and more often will the bank have to print money as it so obviously is disappearing..
seems like a big problem to me, probably too big to fix, i dont believe anyone could stop them or tell them to change their ways..
i'd imagine it like telling a king from the middle ages to step down, he wouldnt unless you chopped off his head. the world would have to change at the same time to stop these people hording money out of their own country or they'd have to be killed..
seems like a big problem to me, probably too big to fix, i dont believe anyone could stop them or tell them to change their ways..
i'd imagine it like telling a king from the middle ages to step down, he wouldnt unless you chopped off his head. the world would have to change at the same time to stop these people hording money out of their own country or they'd have to be killed..
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people thinking they spend all their money on thousands of cars and houses when they dont..
thinking they have thousands of businesses when they most likely dont, maybe just a couple of good ones