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That’s why there should be no such thing as Billionaires…
Or anyone with more than £100 million for that matter.
Wealth generators, ie UHNWs in this case, typically pay a lot more tax than others and employ/create more jobs than others. Anyone who says there should be wealth limits and hit them hard with tax is living in cloud cuckoo land.

I know this post will probably get deleted as it's political, but so are the several other posts on this subject, so they should be deleted too.
 
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Wealth generators, ie UHNWs in this case, typically pay a lot more tax than others and employ/create more jobs than others. Anyone who says there should be wealth limits and hit them hard with tax is living in cloud cuckoo land.

I know this post will probably get deleted as it's political, but so are the several other posts on this subject, so they should be deleted too.
Not really
 
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I suppose one of the best things about being a billionaire is that if a country decides to whack their taxes up, you have the freedom to just leave lol. Then they get none of your taxes instead of just some of it.
Which is fair enough, time to scrap the ninety day visiting guff though, make it a week. :emoticon-0138-think



It's our time.
 
I suppose one of the best things about being a billionaire is that if a country decides to whack their taxes up, you have the freedom to just leave lol. Then they get none of your taxes instead of just some of it.
If I can want billionaires to be heavily taxed out of existence then, since it’s not going to happen anyway, I can want it to be a global arrangement thank you very much
 
Wealth generators, ie UHNWs in this case, typically pay a lot more tax than others and employ/create more jobs than others. Anyone who says there should be wealth limits and hit them hard with tax is living in cloud cuckoo land.

I know this post will probably get deleted as it's political, but so are the several other posts on this subject, so they should be deleted too.
We disagree
And that’s fine
 
All depends what you tax and how.

You can't take land and property, for example, abroad.
Good point and I’ve always been a fan of a LVT as it’s impossible to escape it. You either pay the tax or sell the land. If you leave the country and still refuse to pay it, the land becomes forfeit.

However, for things like income tax and capital gains tax, people can just leave. The increases to capital gains tax actually led to less revenue for 24/25, not more, because people were holding onto assets instead of selling them.
 
Good point and I’ve always been a fan of a LVT as it’s impossible to escape it. You either pay the tax or sell the land. If you leave the country and still refuse to pay it, the land becomes forfeit.

However, for things like income tax and capital gains tax, people can just leave. The increases to capital gains tax actually led to less revenue for 24/25, not more, because people were holding onto assets instead of selling them.
A good start is to tax all income at the same rate.

Wild that work is taxed higher than income from owning property.
 
Wealth generators, ie UHNWs in this case, typically pay a lot more tax than others and employ/create more jobs than others. Anyone who says there should be wealth limits and hit them hard with tax is living in cloud cuckoo land.

I know this post will probably get deleted as it's political, but so are the several other posts on this subject, so they should be deleted too.
As you just said, they typically pay more tax than others, so why is ensuring they do pay more tax than others living in cuckoo land? Those earning the most should be taxed the most. Pretty simple.
 
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As you just said, they typically pay more tax than others, so why is ensuring they do pay more tax than others living in cuckoo land? Those earning the most should be taxed the most. Pretty simple.
Nah, the comment was about limiting wealth to 100m or whatever amount, which by definition means any wealth above that is taxed at 100%. UHNWs have the ability to relocate, and they have done and will continue to do so, which causes the exact opposite effect to that intended by excessive taxing, i.e. less tax revenue, less job creation and so on. The Laffer Curve, which is of course subject to much debate, supports that reality.
 
Nah, the comment was about limiting wealth to 100m or whatever amount, which by definition means any wealth above that is taxed at 100%. UHNWs have the ability to relocate, and they have done and will continue to do so, which causes the exact opposite effect to that intended by excessive taxing, i.e. less tax revenue, less job creation and so on. The Laffer Curve, which is of course subject to much debate, supports that reality.
Plenty of research says that high earners don’t tend to move with increased taxation.
I agree that a ‘cut off’ at any point would probably create different behaviour, but let’s be right that’s never going to happen anyway.
 
If I can want billionaires to be heavily taxed out of existence then, since it’s not going to happen anyway, I can want it to be a global arrangement thank you very much
What surprises me is hearing working class people defend Billionaires tax avoidance but moan about people who might claim a benefit .
But I guess that's why the media push it that way .