Off Topic The Politics Thread
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I just did the same and got '23% of people in the UK have invested in the stock market'. 'Own shares' and 'have owned shares' are two very different things. I've owned shares once, but only because the company I was working for operated a share option scheme. That's very different to being a speculative investor in a random company.
Oh, and I made a tidy profit on them. I was happy to pay 40% on it.
Interest on cash savings is nothing compared to the profits investing on the stock can bring. It's necessary to take a daily interest in the FTSE and beyond, and have reasonable commercial judgement. It can be fun.
It can be read both ways, but the "had owned" refers back to shareholders in 2017, rather than historic ownership.
Yeah, you can make a lot if you bet well. You can also lose a lot, including your capital. Depends on your personality. My Dad didn’t have a formal pension and was very good at investing for himself. It’s not for me, but that’s just personal choice and I have plenty of other things to keep me busy.
I don’t believe that 23% of the British population are actively managing a share portfolio. I’ll try and research more some time.
No cgt here
Talk of labour bringing in an envy tax when they next get in
My shares are currently down about 23%
Sold a load last year,
ETFs are up
Although I shouldn't be allowed to pick my own
Would there be a refund from the taxman to cover my losses
Talk of labour bringing in an envy tax when they next get in
My shares are currently down about 23%
Sold a load last year,
ETFs are up
Although I shouldn't be allowed to pick my own
Would there be a refund from the taxman to cover my losses
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Not if you don't currently invest in shares. If you back to the Googled page, there's the article by Finder.com where 23% came from. If you read it, you will see it breaks down current 2024 investments
I'm assuming people who are small scale invest in tracker funds count as shareholders, which is the low(er) risk way to do it.
Do you consider that your playing around with stocks and shares constitutes a significant contribution to the health of the economy?
If it's UK shares, it must do. I help to put the share price up, With a higher share price, the public company can borrow against value for investment. They can also fend off takeovers
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we know quality
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bloody beneficiaries
For context, the total amount of new Benefit fraud, which arguably gets more attention from politicians, totalled $2.7 million in the last financial year. $2.7m compared to about a billion dollars in tax discrepancies.
As for how much the government is being defrauded in total.
A Serious Fraud Office report estimated fraud loss for the public sector in 2020 was between $601 million and $7.5 billion per year.
If lost tax revenue was included, the total cost of fraud and associated errors to the public sector could reach $13 billion per year.
For context, the total amount of new Benefit fraud, which arguably gets more attention from politicians, totalled $2.7 million in the last financial year. $2.7m compared to about a billion dollars in tax discrepancies.
As for how much the government is being defrauded in total.
A Serious Fraud Office report estimated fraud loss for the public sector in 2020 was between $601 million and $7.5 billion per year.
If lost tax revenue was included, the total cost of fraud and associated errors to the public sector could reach $13 billion per year.
