Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#21
Chris - no-one has said anything about feeling sorry for anyone.
I am addressing the need to maximise HMRC revenues and you do not do that with high marginal rate taxes. At least not in the real world as it actually exists.
Guest 645- Registered: 12 Mar 2008
- Posts: 4,463
#22
The recession - what recession ?.
Last week Hermès, handbag makers revealed it was farming crocodiles in Australia to feed demand for its coveted Birkin bag, which start at £4,000 and require customers join a long waiting list. Mulberry which sells its new Mitzy bag for £495 - said it was an "immediate bestseller".
Even Yacht makers Oyster Marine have seen an increase in "serious buyers" looking at its luxury yachts - which cost between £4.3m to 15m - over the last six months. The luxury market is on the 'up' whilst others are having difficulty meeting their food and energy bills.
God forbid they would have to pay an extra 10p in the pound tax.
Marek
I think therefore I am (not a Tory supporter)
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#23
was chatting with tony jayms a while back and i asked him how the recession was affecting him and he came back with a few facts that back up the above post.
luxury goods always sell well because the people with big money can always afford to buy what they want.
how about a different rate of v.a.t. on goods like yachts and luxury cars?
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#24
The campaign to drop the 50p tax rate has been well and truely Orchestrated with some heavy expensive lobbying by some self interested people.
The case to keep it has been drowned out by many influential powerfull high earners......No surprise there.
Today Sir Stuart Rose former head of Marks and Spencer has urged the Government to keep the 50p tax rate.
Sir Stuart says he would be to embarrassed to face his secretary if he got a rebate and hers had not come down.
Fairness finally surfaces from a member of ``The Most Fortunate``
Asked if he agreed with Warren Buffet US Billionaire,whose secretary pays more tax than him,that the wealthy should be paying higher taxes..............he replied ....Yes.
Ossie continues to worry about Public Perception if he gave the wealthy an increase when ``all those in it on their own`` are taking all the cuts.....................Strange ............or What?
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#25
interested to read what sir stuart had to say, he is an achiever that deserves his dosh rather than some of the timeservers at the top of major companies that feather their own nests without producing results.
loved the "all it in it on their own" bit reg.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#26
I see lots of justification of having a 50p rate without any mention of the reduced tax revenues that HMRC receive. This is a classic case of cutting off your nose to spite your face and based on envy.
Guest 675- Registered: 30 Jun 2008
- Posts: 1,610
#27
Not envy, common sense. Keep squeezing the bottom so that the top can stash and you will end up with no market, no profit and nothing for the top to amass and hide.
Products create profit and a continuous market for products keep the market viable. Trying to create a market out of the theory of profit has just led to the current situation of trying to squeeze more out of nothing with the only plan to increase profit being to increase the cost of less and less product.
Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong.
Richard Armour
Ross Miller
- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,709
#28
Chris et al
That is one of the many reasons we should push for a flat rate tax system
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#29
That is correct Ross - There is no common sense at all in reducing the amount of tax collected by HMRC because you impose a high rate. The objective of tax must be to raise the money needed for government spending only and not to try to apply some kind of masochistic punishment to those who have the cheek to earn a lot of money.
No-one supporting the 50p rate is making any kind of justification for the impact it has in reducing the amount the top 1% actually pay in tax.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#30
whats most important is like chris p and reg indicate (sorry chris for agreeing again!!)
cameron gives impression we are all in it together
when here we have even the boss of marks and sparks embarrassed by these latest moves
nowt to do with envy, more about fairness
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#31
Fair - is it fair then to create the need for more spending cuts through a lower 'tax-take' and reduced growth in order to impose a 50p tax rate? Where is the fairness in that? some very weird priorities here. Its the thinking of the madhouse and the opposite to what this country needs.
Ross Miller- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,709
#32
Worryingly I have to agree with Barry.
The reality is that it is the "have nots" and the "have a littles" that will be most hurt and disadvantaged by the spending cuts; these will bite deepest in benefits, local authorities, the NHS etc. exactly the areas that the "well off" have the money to provide for themselves in.
Surely it would be fairer to find a way to raise more tax (rather than pander to prejudices) and therefore reduce the level of cuts?
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#33
50p tax will stay for the duration of the Coalition Government.Ossie will not move until he thinks he is safe from Public Outrage.Also a Minister of State has now warned that it would look like the Conservatives were looking after their friends in the City..............Surprise Surprise.
To make Tax Reform Fair would be to much of a shock to the system.Tax Reform must eventually be a level playing field.
The 1% group needs to have its collar felt robustly.We need a pro-rata solution making everyone paying there fair share with no loop holes.
Not holding breath.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#34
it does look that way reg, i think that flashman and george have learnt their lessons about coming out with unpopular policies then having to backtrack.
Ross Miller- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,709
#35
I am absolutely in favour of a truly progressive tax system based on the principal of "from the most able to the least able, based on ability to pay" - of course this does not mean "bleeding the rich" any more than it means "screwing the poor". Of course if you wish for the former then the latter will follow as night follows day.
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#36
# 35. Totally Agree.
