Tax reform

[Notch7]

It’s laughable that someone in a £3 million house pays more to have their bin emptied. It’s as laughable as it would be to charge them more for health care because they live in a big house.

please could explain why you think it is laughable

 

[Mottie]

I see we have a user who doesn't know that Council Tax is a Property Tax. He thinks it is a fee for use of local services.

It goes towards them.

 

[SPLINE]

Tax doesn't get spent on what it is nominally for, it all goes down the collective toilet of debt repayment, the NHS, the benefits Bill and transfer payments to foreign countries and foreigners in this country. Little goes on essential services. Why else do you think the country is in such decay?

 

[Notch7]

If you could give me convincing reasons why Trump, Russia and rw politicians are a threat to this country

So you don’t understand why Right Wing populist Farage, who would flog U.K. businesses, NHS etc to foreign private equity would be a threat to this country

Gormless

 

[Notch7]

it is to protect the population, and our goverment is not doing that. It has no right to ask tax of anyone.

We pay taxes to go towards police, prisons, armed forces.

Yet you can’t see the connection between taxation and protection.


Who’s da silly boy den

 

[Notch7]

I tried to raise these before, but some folk seem to want to shout out "make the rich pay", regardless.

We have a problem in this country of 2 decades of wage stagnation whilst housing costs, energy costs, water, council tax etc have kept going up

And during that period more and more wealth has been sucked out of the economy in the form of assets.


We now have a situation where people’s wages are too low to live on……that’s the real problem.

What we need is higher wages for ordinary citizens not higher taxes for the wealthy.


I don’t understand why so many working people get tax credits…..isn’t that just subsidising employers

 

[blup]

Your own own is static wealth, it’s not like income.

 

[motorbiking]

We have a problem in this country of 2 decades of wage stagnation whilst housing costs, energy costs, water, council tax etc have kept going up

And during that period more and more wealth has been sucked out of the economy in the form of assets.


We now have a situation where people’s wages are too low to live on……that’s the real problem.

What we need is higher wages for ordinary citizens not higher taxes for the wealthy.


I don’t understand why so many working people get tax credits…..isn’t that just subsidising employers

No.

 

[blup]

The principle function of a government is not to provide a national health service and not to provide a welfare state - it is to protect the population, and our goverment is not doing that. It has no right to ask tax of anyone. The biggest threat to our country blup, is our government.

Complete balderdash

 

[Notch7]

No.

err yes, those are all facts

 

[yorksbuilder]

The second line on my council tax bill is for Adult Social Care Precept. Same amount as police and crime commissioner! But goes on handouts to other people, not to keeping us safe or keeping bins collected or potholes fixed

 

[motorbiking]

err yes, those are all facts

they are all NotchyFacts™

 

[SimonH2]

I see we have a user who doesn't know that Council Tax is a Property Tax. He thinks it is a fee for use of local services.

You couldn't be more wrong there.
Yes it us another tax - but it's set locally, collected locally, and mostly goes to support local services. For whatever value of "local" applies to your council area.
As such, it is effectively a tax for local services used by a household.
Yes, that is a simplification, but it's a reasonable working description.

Now, as far as I'm concerned a wealth tax is just jealousy, or as I've seem suggested "look mummy, he's got something I want - go steal it for me".
For one thing, it takes no account of how the wealth was built. Consider two people (or couples), both doing similarvwork, for similar pay.
One has gone on foreign holidays every year - spent all their money abroad, and now lives in a modest house.
The other didn't splash out on lavish holidays, bought a "nice" house, paid off the mortgage by the time they retired.
Both now have similar incomes, yet one is expected a tax which appears to be punishment for now having a better home.

So what about someone earning a massive wage and buying a big house ? So what - they'll pay massive taxes, almost half of a lot of it. If they "gamble" and win big with shares to make their money - then they pay capital gains tax on nearly all of the gains.

 

[Brigadier]

One has gone on foreign holidays every year - spent all their money abroad, and now lives in a modest house

A common scenario

 

[yorksbuilder]

You couldn't be more wrong there.
Yes it us another tax - but it's set locally, collected locally, and mostly goes to support local services. For whatever value of "local" applies to your council area.
As such, it is effectively a tax for local services used by a household.
Yes, that is a simplification, but it's a reasonable working description.

Now, as far as I'm concerned a wealth tax is just jealousy, or as I've seem suggested "look mummy, he's got something I want - go steal it for me".
For one thing, it takes no account of how the wealth was built. Consider two people (or couples), both doing similarvwork, for similar pay.
One has gone on foreign holidays every year - spent all their money abroad, and now lives in a modest house.
The other didn't splash out on lavish holidays, bought a "nice" house, paid off the mortgage by the time they retired.
Both now have similar incomes, yet one is expected a tax which appears to be punishment for now having a better home.

So what about someone earning a massive wage and buying a big house ? So what - they'll pay massive taxes, almost half of a lot of it. If they "gamble" and win big with shares to make their money - then they pay capital gains tax on nearly all of the gains.

Good post