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Re: General Election 2015

Wed Apr 08, 2015 2:32 pm

popeye21 wrote:
evanmorgan wrote:
popeye21 wrote:Increasing defence spending is sensible as the UK has dipped below the NATO benchmark figure of 2% of GDP (1.88%) for the first time and in an era when there is increased terrorism and uncertainty with Putin and Russia.
I have already listed the reasons how the UK would be better outside the EU (see the list of problems in my previous post).
In a global economy it is futile raising income tax to try and collect tax off the rich. Prior to the last general election there were 53 billionaires in the UK who paid only £10.1m between them. However, £9.3m of the tax was paid by Dyson, which is why he moved his factories to Malaysia as he didn't want to be the only one of the super rich paying tax. The current French government raised taxes and the result was a massive movement of wealthy French people to London and Moscow. Furthermore, the last Labour government made it easier for the rich to avoid tax, by allowing them to set themselves as limited companies paying corporation tax instead of income tax, which is at the lower rate of only 20%. This can be further reduced to 0% with the purchase of a Gibraltar passport for £50k and residency is not required. However, both these methods require much higher accountancy fees, hence the figures of 43-45% tax before people start to use these alternatives. There is only one fair system of taxation and that is to have no income tax and just a sales tax like VAT, with no exemption for overseas visitors. The Tories have always cut income tax and raised VAT to slowly move to this fairer system, where the rich pay more if they want a luxurious lifestyle by spending more, while the poor pay the least as essential foodstuffs are zero rated. This is why the Tories always collect more tax, whereas when the last Labour government were in power, the gap between the rich and the poor grew to it's greatest level since the time of workhouses (OECD figures). Due to the myth that Labour represent the poor, they try to keep everyone poor, hence their dislike for Grammar schools which allowed the brightest from poorer backgrounds to get on in life.


So we just give up on taxing the rich then? You should run for parliament, bound to find enough donations with a strategy like that...

No, try reading the previous post. Increase VAT and reduce PAYE, then make it more difficult for people to be able to claim back, stopping the rich who live overseas to avoid taxation, but want to spend as much time back here as possible.


That helps us level the playing field with regards to the rich that like to piss their money away. Unfortunately most rich people are not like Bruce Wayne. They will silently accumulate and pay next to nothing (as a percentage of their income) under your system, good for them I guess? But they can afford to contribute...

Re: General Election 2015

Thu Apr 09, 2015 1:59 am

evanmorgan wrote:
popeye21 wrote:
evanmorgan wrote:
popeye21 wrote:Increasing defence spending is sensible as the UK has dipped below the NATO benchmark figure of 2% of GDP (1.88%) for the first time and in an era when there is increased terrorism and uncertainty with Putin and Russia.
I have already listed the reasons how the UK would be better outside the EU (see the list of problems in my previous post).
In a global economy it is futile raising income tax to try and collect tax off the rich. Prior to the last general election there were 53 billionaires in the UK who paid only £10.1m between them. However, £9.3m of the tax was paid by Dyson, which is why he moved his factories to Malaysia as he didn't want to be the only one of the super rich paying tax. The current French government raised taxes and the result was a massive movement of wealthy French people to London and Moscow. Furthermore, the last Labour government made it easier for the rich to avoid tax, by allowing them to set themselves as limited companies paying corporation tax instead of income tax, which is at the lower rate of only 20%. This can be further reduced to 0% with the purchase of a Gibraltar passport for £50k and residency is not required. However, both these methods require much higher accountancy fees, hence the figures of 43-45% tax before people start to use these alternatives. There is only one fair system of taxation and that is to have no income tax and just a sales tax like VAT, with no exemption for overseas visitors. The Tories have always cut income tax and raised VAT to slowly move to this fairer system, where the rich pay more if they want a luxurious lifestyle by spending more, while the poor pay the least as essential foodstuffs are zero rated. This is why the Tories always collect more tax, whereas when the last Labour government were in power, the gap between the rich and the poor grew to it's greatest level since the time of workhouses (OECD figures). Due to the myth that Labour represent the poor, they try to keep everyone poor, hence their dislike for Grammar schools which allowed the brightest from poorer backgrounds to get on in life.


So we just give up on taxing the rich then? You should run for parliament, bound to find enough donations with a strategy like that...

No, try reading the previous post. Increase VAT and reduce PAYE, then make it more difficult for people to be able to claim back, stopping the rich who live overseas to avoid taxation, but want to spend as much time back here as possible.


That helps us level the playing field with regards to the rich that like to piss their money away. Unfortunately most rich people are not like Bruce Wayne. They will silently accumulate and pay next to nothing (as a percentage of their income) under your system, good for them I guess? But they can afford to contribute...

Well at least this system works for those who want to spend and even the rich that are not big spenders will at least pay some tax and probably a lot more than poorer people, which doesn't happen under the Labour system of taxation. Furthermore, some of the money the rich have and do not spend will be saved and invested where it may also be taxed.