Politics 2024/25 General Election Voting Intention (2022)

[Embattle]

So another Russian stooge then:

Elon Musk’s family foundation took Tommy Robinson to Russia, says Musk’s father

Errol Musk says far-right activist is ‘a fine young man’ and held meetings with Russian business figures

www.theguardian.com

 

[Scouse]

The problem is - the Labour and the Lib Dem solution to this sort of stuff is to censor and ban. Not to present better ideas and alternatives themselves and argue for them.

 

[Raven]

View: https://www.youtube.com/shorts/5jjTyT80qa0

 

[Gwadien]

View: https://www.youtube.com/watch?v=XSGawIGbZrc&


Interesting, Rory looks like a nob in this, but 2% minimum 'wealth' tax for people on more than £100m.

If I've understood it properly, it means that if you're a British citizen (or subject, I suppose) and you earn more than £100m you must pay 2% wealth tax as a minimum, ie if you've paid 2%+ through income tax or other means then you don't need to pay it, and it'll be chased abroad too and your wealth is calculated through assets which information the Government already has accessed to.

Explain to me like I'm 5 why this is such a terrible idea...

 

[Ormorof]

people with that kind of money will pay someone far less than 2% of their annual wealth to avoid it. Right wingers will use it as an example of how it shows the skivers want to punish the strivers.

 

[DaGaffer]

View: https://www.youtube.com/watch?v=XSGawIGbZrc&


Interesting, Rory looks like a nob in this, but 2% minimum 'wealth' tax for people on more than £100m.

If I've understood it properly, it means that if you're a British citizen (or subject, I suppose) and you earn more than £100m you must pay 2% wealth tax as a minimum, ie if you've paid 2%+ through income tax or other means then you don't need to pay it, and it'll be chased abroad too and your wealth is calculated through assets which information the Government already has accessed to.

Explain to me like I'm 5 why this is such a terrible idea...

Because it's a tax based entirely on the goodwill of those being taxed, and the people with that kind of goodwill are probably paying tax at that level already. Everyone else minimises their exposure in a million different ways, because they can afford better accounts than HMRC.

I'm also very dubious about taxing assets on general principles, because once the taxman figures out how to do it properly, the rest of us are next.