Greed and the obscenely rich - how much is too much?

@Dextrous63 BRAVO! Dex, !! Took a while, but we got there in the end ?? :grin::grin:

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Whilst I’m waiting for this to happen, I’ll keep on trying to keep control of what I have & what I can add.

We could have to wait quite a whle!

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@Tedc , What more CAN we do ? Protest ? ? :thinking::thinking:

Lots of people pay specialists to find ways of minimising the tax that they would otherwise have to pay.

The cost of paying these specialists can be paid out of the savings you could make by doing it.

If the government puts together a set of tax rules, which these specialists can unpick this way, LEGALLY, then you have to think through how to get the same benefits by doing the same.

By the way, maybe you don’t have to pay a specialist, maybe you have to get busy learning how to do it yourself.

Get away from “Pay as you earn”.

Indeed. I pay an accountant around the same amount of money that he actually saves me by declaring tax exemptions I’m unaware of or might have forgotten. On the plus side, at least someone else of my choosing is getting this cash to spend on theur own vosts and family, rather than HMRC.

Hi

I would like to expand on previous comments.

It is not a crime to make money, well not everyone and all the time.

I spent 11 years in a small village, Prees, in North Shropshire.

One one of my neighbours, on a small close of new eco friendly houses was not short of a few coppers.

An entirely self made man, dad died young, a small holder with I think 7 Sisiters.

He had to leave school very young and work very hard, turning a one cow horse drawn trailer into one of the biggest food transport companies and cold store in the UK.

In his 70s built a brand new village club, bowling green,tennis courts and sports pitches.

Later, when the village doctors and pharmacy closed, he build a brand new healt centre and treatment rooms and pharmacy in the village, put it in trust and 2 years later buile a number of small assisted living bungalows next to the Medical Centre, for local residents.

He paid for a lot of other things in the village apparently, got his vegetables from the street market and did not like publicity.

He has earned every penny and he is welcome to keep it.

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It’s not the fault of the tax avoiders, no-one wants to pay more tax than they have to, just human nature. :slightly_smiling_face:

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He only needed to pay them the minimum wage which is £9.50, so I think they’ve got a good deal if they’re being paid £11.45 an hour. Nobody is making them work there, if they think it’s unfair then go and work for somebody else.

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How much wealth do you think is an acceptable amount?

Ooh, that’s kind of you! :hugs:
I’d be happy to accept £10 million, thanks - if you think that’s too much, I’ll happily settle for a million or two if it’s going spare.

I’ll be sharing it around, of course, spreading a bit of happiness as I go by :grinning:

@Wendeey, " they get £11-50 per HR"
Thats ok. It’s not exactly skilled work is it, sorting and packing parcels or
shoving them onto conveyors etc ? So yes they would probably be happy
But the point is Bezos only pays 3•4% tax on the profit he makes in this
country, whilst Paye employees pay 24%,( it used to be 33%).Why should
this be ? :worried::worried::worried:

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Is it because Bezos is a “robber-baron” … :question:

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Not quite @Donkeyman , taking into account tax free personal allowances, someone on £20k a year (minimum wage level) would pay £2.5k a year in income tax and NI, so an average of around 14%, but if talking income tax only then around 10%… Still too much yes, but certainly not 24%… :slightly_smiling_face:

And where does he live, what does he personally actually take out of our tax system?

As I’ve said before I’m just grateful for all the jobs he’s created in this country and hope many more like him come here and do the same thing.

All his employees will be paying into the tax system and as well as their wages, he’ll be paying NI contributions for each and every one of them and also pay into their pensions.

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@Barry , Don’t forget we are talking minimum wage here Barry, poor
sods shouldn’t pay anything really !!
It’s all Thatcher’s fault ?? :+1::grin::+1:

But the company won’t be paying realistic taxes, either in the UK or the USA … billions of dollars will be filling heading Bezos’ way.

So what.

@wendeey , “what does he take out of our tax system”
He doesn’t have to take anything OUT Wendee !
Because he don’t put it IN in the first place !!! Oh gawd !!
And you shouldn’t feel grateful cos he ain’t giving us nowt !!
HE should be grateful we let him trade in our country !! :confounded::confounded:

I’m not sure I agree. It is definitely commonly accepted behaviour - this notion that its my money, no-one else should get their hands on it, they’ll only mis-spend it, etc. But is it really human nature? Because if it is then we are suggesting that selfish, money grabbing, stuff everyone else is human nature.
I’m not so sure it is. Of my working life I spend the last 25 years paying 40% tax (obvs on earnings above the threshold). I was happy to do so. I reckon that of the hundreds of thousands I paid in income tax alone I got back … nothing (directly). And was happy with that, and still am. I was lucky - good free education, ability to get on and get good jobs, lots of services provided. I want a thriving society. So it needs people who can to pay tax.
It is the fault of the tax avoiders. Simple as that.

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@strathmore , l find myself warming to you Straffy??
I wonder why ? :thinking::thinking:

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BIB Exactly … :+1: