"Tax dodging by rich could be ‘much greater than thought’, says UK audit office"

[Murdochcat]

He probably spends little more than the average man.
If the wealth is more equally spread, there would be innumerable men all spending the same amount as your BiL.

How many cars can one person drive?
How many houses can one person live in?
How many dinners can one person eat?
etc.

Trickle down economics is proven to be a non-working policy

Ha ha ha.

His uk spending is very high

He has 7 cars, all serviced at least once per year
Only has one very big house which they employ a number of people to maintain on a weekly basis and more when decorating is required
As for eating out - often, regularly and very expensive

So you’d rather he left the uk, stopped spending money here and paying taxes here too

You’re mad

 

[Notch7]

We get it. You don’t like wealthy people who gain wealth by doing nothing. In that case, why does your moral compass not prevent you for working for those people?

Pointing out facts such as addressing the trope that poor people are lazy and rich work extremely hard, does not mean I do not like wealthy people.

In fact the guy I was talking about is a really top bloke, I’ve done over £100k business with him

 

[gas112]

Ha ha ha.

His uk spending is very high

He has 7 cars, all serviced at least once per year
Only has one very big house which they employ a number of people to maintain on a weekly basis and more when decorating is required
As for eating out - often, regularly and very expensive

So you’d rather he left the uk, stopped spending money here and paying taxes here too

You’re mad

yep the one thing they all seem to forget . The amount of money they actually spend in this country not just the tax contribution

 

[Notch7]

Ha ha ha.

His uk spending is very high

He has 7 cars, all serviced at least once per year
Only has one very big house which they employ a number of people to maintain on a weekly basis and more when decorating is required
As for eating out - often, regularly and very expensive

So you’d rather he left the uk, stopped spending money here and paying taxes here too

You’re mad

How much of his wealth is held in assets and not in the day to day economy?


The challenge is that this country has a serious problem with wealth inequality.
The wealthy have become increasingly wealthy whilst ordinary working people have seen wages stagnate.

More and more assets are being held in the hands of a tiny number of the very wealthy.



What we need is for ordinary citizens to have higher incomes, own more assets, have less debt and we need decent public services….that’s the challenge. Taxation is one of the few mechanisms to help solve that

 

[Notch7]

yep the one thing they all seem to forget . The amount of money they actually spend in this country not just the tax contribution

Yep the one thing right wingers all forget.

The amount of money the wealthy store in accumulating assets and not spent in the day to day economy.

 

[gas112]

Yep the one thing right wingers all forget.

The amount of money the wealthy store in accumulating assets and not spent in the day to day economy.

and you think it would be better for the country that these people are not about to put xxxx of millions into the economy by employing people and spending their wealth

 

[JohnD]

and you think it would be better for the country that these people are not about to put xxxx of millions into the economy by employing people and spending their wealth

In the spirit of the topic of this thread it would certainly be better for the nation if "these people" correctly paid their taxes rather than hiding their money offshore.

 

[diy_fun_uk]

I sometimes do work for a property investor, when I’ve been round his main house doing stuff, he sits in his orangery in his dressing gown having breakfast till around 10ish. I’ve also worked in one of his rented properties, where the tenant leaves home at 7.30am and doesn’t get home till 6.30pm

So what?

Is your rationale that every individual on the planet should be doing the same amount of work in terms of hours, physical exertion, mental exertion and perhaps pay? Everyone equal, is that the goal?

Maybe the property investor worked their proverbial socks off for x years to afford the rentals they now own? Maybe they're sitting back and enjoying the fruits of previous labour?

It's the old argument based on nothing but envy. I have to work hard, they don't. I have little, they have much. Grrrrrr, not fair.

It's called LIFE! As I keep on saying, since year dot we've had those with extreme wealth, those with extreme poverty and everything between. It will always be this way. DEAL WITH IT.

 

[MNW67]

So what?

Is your rationale that every individual on the planet should be doing the same amount of work in terms of hours, physical exertion, mental exertion and perhaps pay? Everyone equal, is that the goal?

Maybe the property investor worked their proverbial socks off for x years to afford the rentals they now own? Maybe they're sitting back and enjoying the fruits of previous labour?

It's the old argument based on nothing but envy. I have to work hard, they don't. I have little, they have much. Grrrrrr, not fair.

It's called LIFE! As I keep on saying, since year dot we've had those with extreme wealth, those with extreme poverty and everything between. It will always be this way. DEAL WITH IT.

TBF, I think it was a reply to a previous post which said that poor people are lazy and rich people work hard.

 

[diy_fun_uk]

TBF, I think it was a reply to a previous post which said that poor people are lazy and rich people work hard.

Ultimately, as with many discussions/debates, it's almost not worth the time. We have poor people that work their socks off and poor people that don't. We have rich people that work their socks off and rich people that don't.

We always have, we always will. The morals of it can be debated until the cows come home ... it ain't gonna change, ever.

 

[Justin Passing]

So poor people are lazy and wealthy people are hard working.

I sometimes do work for a property investor, when I’ve been round his main house doing stuff, he sits in his orangery in his dressing gown having breakfast till around 10ish. I’ve also worked in one of his rented properties, where the tenant leaves home at 7.30am and doesn’t get home till 6.30pm


Your assertion is just an old trope

It's an old TRUTH mate.
Rich people don't necessarily work harder. A few clicks of his marmalade fingers can earn him more than a poor person gets in the whole day, from not very much money at all.

He doesn't have to work, he has manual workers like you coming round!!.

A couple of days ago I posted how . Watch Bloomberg, put 20k into an index just before it opens where the "futures" say it'll rise. 99 times out of 100, it'll rise.
That day it rose 0.85%. That's 20k at 20:1 x 0.85% is £3400. All over by 08:30, off to the golf course while you're working. WIth SB as his form of trading, he'd pay zero tax.

So you want to take his money and have it given to other people. Like you perhaps? That wouldn't be aby good, you like to go on about the poor and your raising dettera would be gorn.

 

[Justin Passing]

Wealthy people buy assets, …..that’s not money which grows the economy.

They buy SOME assets, they also buy more of the stuff that poor people do. They go for a mitred dovetail instead of a lap joint so woodworking pooor people get more money that way.
They also develp some of their assests to provide growth. If they sat on their rear ends doing nothing they'd soon lose it.

The challenge is that this country has a serious problem with wealth inequality.
The wealthy have become increasingly wealthy whilst ordinary working people have seen wages stagnate.

It's not a problem having an inequality.
It's only the level of money that the poor have, which is a problem.. SHow me how someone better off getting himself better off makes a poor person poorer.
And shove all your straw man stuff, and all your stuff about how the rich are corrupt, which you're making up

More and more assets are being held in the hands of a tiny number of the very wealthy.

You need the wealthy, they're the only ones who can put money into growth activities.

The amount of money the wealthy store in accumulating assets and not spent in the day to day economy.

Is not a problem. As above, they also put some into building the economy.

I think it was a reply to a previous post which said that poor people are lazy and rich people work hard.

Nobody said that.
You didn't point it out, Notchy, you made it up. Notchy said that "others" said it, as a straw man argument which he could use to have have a go at anyone except him. . It's a fantasy.

A wealthy person puts more £ into the UK coffers than a poor person, right? Don't divert into crap about proportions, just measure the £s.

If someone can fiddle to evade a load of tax, he's probably paying several times that. I know there are exceptions which makes headlines JD likes to quote, but show me evidence it doesn't happen right down the scale.

So stop moaning and get richer, so you can pay more tax.

 

[Brigadier]

Nobody said that

You only have to read GD to see that you're wrong.
A number of posters on here insist they're only well off because of graft that the young of today won't do, while skipping over the bit where they got free higher education, a RTB house, house prices being a much smaller multiple of one salary, a gold-plated final salary pension.........

 

[Justin Passing]

You only have to read GD to see that you're wrong.
A number of posters on here insist they're only well off because of graft that the young of today won't do, while skipping over the bit where they got free higher education, a RTB house, house prices being a much smaller multiple of one salary, a gold-plated final salary pension.........

Nobody IN THIS THREAD. Notchy wan't replying, he was fantasising again.
I really don't think it's the general view. Anyone who has to graft to get money, won't be very rich. Grafting rates aren't that good.

It's certainly trye that there's a percentage who are happy to live off benefits. Giving nmore benefits out would only increase that proportion, don t you think?. That doesn't nake society better. There IS a !strata! where people get a much harder life than I did, certainly. Though no RTB house, or gp pension.

 

[gas112]

In the spirit of the topic of this thread it would certainly be better for the nation if "these people" correctly paid their taxes rather than hiding their money offshore.

Why did you feel need to quote me did I say they should not be paying their due tax ?