| Mittal's 09:39 - Nov 23 with 8001 views | Boston |
...leaving the UK, claiming uncertainty about taxes, proposed fiscal policies which have them running for cover. Wonder will that have any repercussions in the boardroom? |  |
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| Mittal's on 22:23 - Nov 24 with 2269 views | stowmarketrange |
| Mittal's on 21:37 - Nov 24 by Rsole |
Well 100% of nothing = nothing…. |
There are loads of super rich who wouldn’t mind paying a bit extra tax though.Let the greedy leave. |  | | |
| Mittal's on 22:28 - Nov 24 with 2235 views | Match82 |
Had an interesting conversation with my folks the other day. If you could choose an exact amount to be given with no strings, or win in say the lottery, what would it be?
How much is too much?
Let's assume for the sake of argument that you couldn't give it away or donate to charity, the point being once you hit that point, even at the highest end, why do any of us actually need any more than that? |  | | |
| Mittal's on 23:48 - Nov 24 with 2053 views | kensalriser |
| Mittal's on 21:38 - Nov 24 by dmm |
This thread has taken an interesting turn. I am fascinated and horrified by the uber rich and the burgeoning inequality between the haves and the have nots. For example:
CEO-to-worker pay ratio in 1965: 20-1
CEO-to-worker pay ratio in 1990: 75-1
CEO-to-worker pay ratio in 2025: 280-to-1
The 2025 Times rich list shows that in the UK, the richest 1% have more wealth than 70% of the population combined. And this inequality continues to grow.
What are we not more outraged at this? |
Because as evidenced above, people are easily gaslit when the majority of the media is controlled by those very same ultra wealthy. |  |
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| Mittal's on 04:33 - Nov 25 with 1912 views | SydneyRs |
| Mittal's on 21:38 - Nov 24 by dmm |
This thread has taken an interesting turn. I am fascinated and horrified by the uber rich and the burgeoning inequality between the haves and the have nots. For example:
CEO-to-worker pay ratio in 1965: 20-1
CEO-to-worker pay ratio in 1990: 75-1
CEO-to-worker pay ratio in 2025: 280-to-1
The 2025 Times rich list shows that in the UK, the richest 1% have more wealth than 70% of the population combined. And this inequality continues to grow.
What are we not more outraged at this? |
Because the dumb sheep are led by the media, Nigel the posh stock trader etc into blaming a few boat arrivals for all evils. | | | |
| Mittal's on 05:22 - Nov 25 with 1860 views | PlanetHonneywood |
| Mittal's on 21:38 - Nov 24 by dmm |
This thread has taken an interesting turn. I am fascinated and horrified by the uber rich and the burgeoning inequality between the haves and the have nots. For example:
CEO-to-worker pay ratio in 1965: 20-1
CEO-to-worker pay ratio in 1990: 75-1
CEO-to-worker pay ratio in 2025: 280-to-1
The 2025 Times rich list shows that in the UK, the richest 1% have more wealth than 70% of the population combined. And this inequality continues to grow.
What are we not more outraged at this? |
This was written six years ago, so I'd safely say, it hasn't improved! https://www.bbc.com/worklife/article/20190108-how-long-it-takes-a-ceo-to-earn-mo
Back then, it took a top CEO in the UK until 4 January to earn what the average worker makes in a year! The figure was less for American CEOs and Indian CEOs completed the task by a chai break on the first day!
Turkeys don't get a chance to vote for Christmas, but we do. And yet.... |  |
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| Mittal's on 06:24 - Nov 25 with 1825 views | Wilkinswatercarrier |
| Mittal's on 22:23 - Nov 24 by stowmarketrange |
There are loads of super rich who wouldn’t mind paying a bit extra tax though.Let the greedy leave. |
Saying something and then, when faced with reality, actually doing it are two separate things.
As a former higher rate tax payer I resented having 40% of my money being taken and wasted. If I was rich enough and the laws allowed me, I'd be moving my money in to trust funds, off shore etc as well. | |
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| Mittal's on 07:24 - Nov 25 with 1748 views | Gus_iom |
| Mittal's on 04:33 - Nov 25 by SydneyRs |
Because the dumb sheep are led by the media, Nigel the posh stock trader etc into blaming a few boat arrivals for all evils. |
It's not a dichotomy to think that the rich, and particularly the 1%, should pay more, but also that as we live in a world economy, with Dubai, Portugal, Milan etc flirting with our rich, that we have to be very careful. The laffer curve is real.
I resent the implication that you're a rich person's lackey if you understand this. The same argument was used in the run up to brexit. The 'if you don't think the same way as me you must be thick' approach to debating doesn't actually win many people over from the opposing view, surprise surprise.
One of my kids has done very well for himself and is in the £80-£100k bracket. He is paying an eye-watering amount in tax and student fee repayment.
He, and a significant number of people he knows, are looking at moving away, fed up with tax, what their tax is spent on, cost of housing, cost of living, crime etc etc.
We need to keep our brightest, our entrepreneurs, those who can drive our economy forwards.
Personally, I resent my taxes being spent on buying brand new cars for people who would like one but don't need one (As opposed to the truly disabled), and I resent my taxes being used to subsidise the rich (I thoroughly recommend Guy Standing's "The corruption of capitalism ").
Rant over. | |
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| Mittal's on 08:54 - Nov 25 with 1610 views | slmrstid |
| Mittal's on 07:24 - Nov 25 by Gus_iom |
It's not a dichotomy to think that the rich, and particularly the 1%, should pay more, but also that as we live in a world economy, with Dubai, Portugal, Milan etc flirting with our rich, that we have to be very careful. The laffer curve is real.
I resent the implication that you're a rich person's lackey if you understand this. The same argument was used in the run up to brexit. The 'if you don't think the same way as me you must be thick' approach to debating doesn't actually win many people over from the opposing view, surprise surprise.
One of my kids has done very well for himself and is in the £80-£100k bracket. He is paying an eye-watering amount in tax and student fee repayment.
He, and a significant number of people he knows, are looking at moving away, fed up with tax, what their tax is spent on, cost of housing, cost of living, crime etc etc.
We need to keep our brightest, our entrepreneurs, those who can drive our economy forwards.
Personally, I resent my taxes being spent on buying brand new cars for people who would like one but don't need one (As opposed to the truly disabled), and I resent my taxes being used to subsidise the rich (I thoroughly recommend Guy Standing's "The corruption of capitalism ").
Rant over. |
Not saying your son is one of these Gus as I obviously don't know him, but being in the 40% bracket myself (not quite as high as your son though) I find it curious the amount of people I come across in this bracket who moan about their tax rates and talk about wanting to move to Dubai (whether they actually do it is another matter itself) because they can earn more tax free.
So they want to go from moaning about being trodden on for tax here, and dream of moving to somewhere where they can be the overlords taking advantage of slave labour instead.
To be quite frank, I find it a bit bonkers. |  | | |
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| Mittal's on 09:01 - Nov 25 with 1592 views | Maggsinho |
| Mittal's on 07:24 - Nov 25 by Gus_iom |
It's not a dichotomy to think that the rich, and particularly the 1%, should pay more, but also that as we live in a world economy, with Dubai, Portugal, Milan etc flirting with our rich, that we have to be very careful. The laffer curve is real.
I resent the implication that you're a rich person's lackey if you understand this. The same argument was used in the run up to brexit. The 'if you don't think the same way as me you must be thick' approach to debating doesn't actually win many people over from the opposing view, surprise surprise.
One of my kids has done very well for himself and is in the £80-£100k bracket. He is paying an eye-watering amount in tax and student fee repayment.
He, and a significant number of people he knows, are looking at moving away, fed up with tax, what their tax is spent on, cost of housing, cost of living, crime etc etc.
We need to keep our brightest, our entrepreneurs, those who can drive our economy forwards.
Personally, I resent my taxes being spent on buying brand new cars for people who would like one but don't need one (As opposed to the truly disabled), and I resent my taxes being used to subsidise the rich (I thoroughly recommend Guy Standing's "The corruption of capitalism ").
Rant over. |
If you're talking about the Motability car scheme then the Motability lease payments are deducted from the PIP or DLA allowances. |  | | |
| Mittal's on 09:25 - Nov 25 with 1552 views | Konk |
| Mittal's on 07:24 - Nov 25 by Gus_iom |
It's not a dichotomy to think that the rich, and particularly the 1%, should pay more, but also that as we live in a world economy, with Dubai, Portugal, Milan etc flirting with our rich, that we have to be very careful. The laffer curve is real.
I resent the implication that you're a rich person's lackey if you understand this. The same argument was used in the run up to brexit. The 'if you don't think the same way as me you must be thick' approach to debating doesn't actually win many people over from the opposing view, surprise surprise.
One of my kids has done very well for himself and is in the £80-£100k bracket. He is paying an eye-watering amount in tax and student fee repayment.
He, and a significant number of people he knows, are looking at moving away, fed up with tax, what their tax is spent on, cost of housing, cost of living, crime etc etc.
We need to keep our brightest, our entrepreneurs, those who can drive our economy forwards.
Personally, I resent my taxes being spent on buying brand new cars for people who would like one but don't need one (As opposed to the truly disabled), and I resent my taxes being used to subsidise the rich (I thoroughly recommend Guy Standing's "The corruption of capitalism ").
Rant over. |
The main thing that gets me down about this country are the crumbling public services. Fix those and I think you would reduce a lot of the anti-social issues that upset people. To a large degree, you can only remedy that situation and have a country where services function, if people are prepared to pay enough tax to support those services. I have never earnt a fortune, but I was in the upper bracket before changing career, and I never resented a penny in taxes. There will always be areas where people think their taxes are misspent/should be directed, but that's inevitable.
I think that pretty much everywhere in the developed world is having some sort of crisis with affordability, most of it seemingly stemming from the cost of housing. Personally, no amount of tax incentives could stop me living in this country and being close to the people I love, but maybe I'm odd. |  |
| Fulham FC: It's the taking part that counts |
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| Mittal's on 09:28 - Nov 25 with 1526 views | BazzaInTheLoft |
It's capitalism lads. |  | | |
| Mittal's on 09:35 - Nov 25 with 1498 views | TheChef |
| Mittal's on 09:25 - Nov 25 by Konk |
The main thing that gets me down about this country are the crumbling public services. Fix those and I think you would reduce a lot of the anti-social issues that upset people. To a large degree, you can only remedy that situation and have a country where services function, if people are prepared to pay enough tax to support those services. I have never earnt a fortune, but I was in the upper bracket before changing career, and I never resented a penny in taxes. There will always be areas where people think their taxes are misspent/should be directed, but that's inevitable.
I think that pretty much everywhere in the developed world is having some sort of crisis with affordability, most of it seemingly stemming from the cost of housing. Personally, no amount of tax incentives could stop me living in this country and being close to the people I love, but maybe I'm odd. |
It's called managed decline, unfortunately. |  |
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| Mittal's on 09:55 - Nov 25 with 1435 views | DWQPR |
The issue with the non-dom tax system was a political football kicked at Sunak by the then opposition Labour Party, Sunak himself, born and educated in the UK, a son of a chemist married the daughter of the owner of the Infosys. Mrs Sunak, chose to adopt a non-dom status meaning that she wasn’t liable to UK tax on overseas earnings. Fine by me. But not for the Labour Party. This has seen an exodus of very wealthy people leave the UK, increasing since the election due to the changes in the non-dom tax rules. Now you can certainly say, good riddance etc to them, but the UK economy now loses their tax payments to the UK. The top 10% of income earners in the UK paid 60% of l income tax in 23-24 whilst the top 1% contributed 29% of all income tax. So making tax unattractive to them means eventually a greater tax burden on the rest of us great unwashed. So the choice becomes, a smaller state, slashing welfare spending or much higher taxes for all of us. Trouble with a Labour is that they want none of this. With all the u-turns Starmer has made in the last 18 months, well worth remembering what he said before the election. He would always put the country first before the party. Yeah right. | |
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| Mittal's on 10:00 - Nov 25 with 1382 views | TwoHalves |
| Mittal's on 22:28 - Nov 24 by Match82 |
Had an interesting conversation with my folks the other day. If you could choose an exact amount to be given with no strings, or win in say the lottery, what would it be?
How much is too much?
Let's assume for the sake of argument that you couldn't give it away or donate to charity, the point being once you hit that point, even at the highest end, why do any of us actually need any more than that? |
Just out of interest, Match, did you arrive at a particular figure? | | | |
| Mittal's on 10:04 - Nov 25 with 1347 views | JamesB1979 |
| Mittal's on 09:25 - Nov 25 by Konk |
The main thing that gets me down about this country are the crumbling public services. Fix those and I think you would reduce a lot of the anti-social issues that upset people. To a large degree, you can only remedy that situation and have a country where services function, if people are prepared to pay enough tax to support those services. I have never earnt a fortune, but I was in the upper bracket before changing career, and I never resented a penny in taxes. There will always be areas where people think their taxes are misspent/should be directed, but that's inevitable.
I think that pretty much everywhere in the developed world is having some sort of crisis with affordability, most of it seemingly stemming from the cost of housing. Personally, no amount of tax incentives could stop me living in this country and being close to the people I love, but maybe I'm odd. |
I agree about the public services. We all want that. But how much do they need to get them to a decent standard? I also don’t think that is number 1 priority. For me, it’s helping out those workers on the lower income tax threshold. Halve that rate or reduce by 5%. Help these people who have been struggling for ages. The people who don’t earn much but work hard, maybe send kids to school and yet struggle each month with bills. These people have to be the priority for any government and these people have been ignored for decades. | | | |
| Mittal's on 10:11 - Nov 25 with 1307 views | robith |
| Mittal's on 09:25 - Nov 25 by Konk |
The main thing that gets me down about this country are the crumbling public services. Fix those and I think you would reduce a lot of the anti-social issues that upset people. To a large degree, you can only remedy that situation and have a country where services function, if people are prepared to pay enough tax to support those services. I have never earnt a fortune, but I was in the upper bracket before changing career, and I never resented a penny in taxes. There will always be areas where people think their taxes are misspent/should be directed, but that's inevitable.
I think that pretty much everywhere in the developed world is having some sort of crisis with affordability, most of it seemingly stemming from the cost of housing. Personally, no amount of tax incentives could stop me living in this country and being close to the people I love, but maybe I'm odd. |
Linkedin is currently awash with people saying "move to Dubai for 0% income tax".
Putting aside I couldn't really wake up every day in a country where I say "where's my passportless slave with my coffee?"
I can't really imagine the mindset of wanting everything and contributing nothing?
Like, even the great industrial capitalists of the 18th & 19th century built houses for their workers.
We've had low productivity in the UK since 2008. And the answer is that the services that gave people peace of mind have been eroded and their pay has absolutely stagnated whilst their boss has gotten exponentially richer. People are stressed and stretched.
All whilst our politics has been 14 years of the Tory party publicly settling scores instead of trying to help people, followed by a Labour party whose sole aim in life is to be the metaphorical Regional Manager.
It's home, and it's great but the rich and powerful have pushed ordinary people to breaking point where they flock to Reform and Greens because the establishment parties answer only to the bond markets |  | | |
| Mittal's on 10:14 - Nov 25 with 1286 views | OldPedro |
| Mittal's on 21:38 - Nov 24 by dmm |
This thread has taken an interesting turn. I am fascinated and horrified by the uber rich and the burgeoning inequality between the haves and the have nots. For example:
CEO-to-worker pay ratio in 1965: 20-1
CEO-to-worker pay ratio in 1990: 75-1
CEO-to-worker pay ratio in 2025: 280-to-1
The 2025 Times rich list shows that in the UK, the richest 1% have more wealth than 70% of the population combined. And this inequality continues to grow.
What are we not more outraged at this? |
This inequality is exactly why there are questions about should the wealthy pay more tax - the richest in our society are seeing their wealth increase at a much greater rate than the poorest.
edited for spelling [Post edited 25 Nov 16:41]
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| Extra mature cheddar......a simple cheese for a simple man |
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| Mittal's on 10:17 - Nov 25 with 1268 views | Boston |
Money in my pocket, but I just can't get no love. | |
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| Mittal's on 11:25 - Nov 25 with 1123 views | TwoHalves |
| Mittal's on 10:17 - Nov 25 by Boston |
Money in my pocket, but I just can't get no love. |
Plenty of advice on the ‘Online Dating’ thread, Boston! | | | |
| Mittal's on 11:27 - Nov 25 with 1098 views | Boston |
| Mittal's on 11:25 - Nov 25 by TwoHalves |
Plenty of advice on the ‘Online Dating’ thread, Boston! |
Is that you, Your Highness? [Post edited 25 Nov 11:29]
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| Mittal's on 11:36 - Nov 25 with 1068 views | TwoHalves |
| Mittal's on 11:27 - Nov 25 by Boston |
Is that you, Your Highness? [Post edited 25 Nov 11:29]
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Actually not since I had my Style, Titles and Honours removed. It’s just plain old TwoHalves now. [Post edited 25 Nov 16:07]
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| Mittal's on 19:42 - Nov 25 with 684 views | DylanP |
| Mittal's on 20:03 - Nov 23 by connell10 |
Makes his money here , fck him if he don't wanna pay his fair share. |
He's from India. His first major breakthrough in business was in Trinadad and Tabago. He owns steel mills in Mexico, Kazakstan, Eastern Europe and the US. His main business, ArcelorMittal is based in Luxemburg.
Although he does now have a vast empire of wealth that has businesses all over the world, including England, which includes a mansion in Kensington, I don't know if you can really say he made his money in England. |  |
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| Mittal's on 20:02 - Nov 25 with 630 views | loftupper |
| Mittal's on 19:42 - Nov 25 by DylanP |
He's from India. His first major breakthrough in business was in Trinadad and Tabago. He owns steel mills in Mexico, Kazakstan, Eastern Europe and the US. His main business, ArcelorMittal is based in Luxemburg.
Although he does now have a vast empire of wealth that has businesses all over the world, including England, which includes a mansion in Kensington, I don't know if you can really say he made his money in England. |
Why should I pay to educate other peoples children? Half of them don't want to be there anyway and how much education do they need when they will most likely end up on welfare anyway. Again, why should I pay towards their health? If they don't want to look after themselves thats their problem.
I'll pay for my children's education, their health insurance, I'll even pay for their season tickets. I've worked hard for my money and I intend to keep as much of it as I can...
have a nice day! | | | |
| Mittal's on 20:22 - Nov 25 with 571 views | Match82 |
We figured enough to retire immediately, pay off mortgage, car and other debt, keep equivalent of salary for 30 years to allow travel etc. The 30 years figure probably depends on whether you're 30 or 60...
Edit: was meant to be a reply to the question above, sorry! [Post edited 25 Nov 20:23]
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| Mittal's on 20:47 - Nov 25 with 515 views | TwoHalves |
| Mittal's on 20:02 - Nov 25 by loftupper |
Why should I pay to educate other peoples children? Half of them don't want to be there anyway and how much education do they need when they will most likely end up on welfare anyway. Again, why should I pay towards their health? If they don't want to look after themselves thats their problem.
I'll pay for my children's education, their health insurance, I'll even pay for their season tickets. I've worked hard for my money and I intend to keep as much of it as I can...
have a nice day! |
You having a laugh? He’s having a laugh! | | | |
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