Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
In that case Keith do you agree that the best way forward is a system of flat tax?
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
I thought I'd bring this to the top, what are your thoughts on the flat tax system Keith?
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
The richest pensioner on the FTSE 100: Former boss of BG Group, Sir Frank Chapman, has pot
worth more £22m
Sir Frank Chapman, the former boss of oil and gas company BG Group, is revealed as the richest
pensioner in the FTSE 100 with a pot worth more than £22m when he stepped down.
The transfer value of Sir Frank's pension holdings is the highest uncovered by this year's TUC
Pension Watch survey, which shows that the average pot of FTSE 100 bosses has surged to £4.75m.
Based on figures culled from annual reports, it found the average accrued annual pension stands at
£259,947 - 25 times the average employee's of £10,452 a year.
The report says David Brennan, who last year quit AstraZeneca amid investor anger over the group's
performance, will enjoy much more with an annual £1m retirement income from his pension
arrangements. A further four directors - including Sir Frank - are to receive more than £800,000 a year.
Full story Independent.
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
whilst prices rose
he feathered his nest
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Oh Keith you disappoint me. For a moment I thought you were going to answer David's question. Perhaps you are still busy mugging up on your Laffer curves.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
for those with a thirst for knowledge i can confirm that laffer's curve is not a type of ball delivered by a sri lankan slow left arm bowler but something to do with economics.
http://en.wikipedia.org/wiki/Laffer_curveGuest 698- Registered: 28 May 2010
- Posts: 8,664
That's not a particularly well written article Howard. The 70% figure relates to a hypothetical closed economy with no opportunity for avoidance. The Laffer curve is a far more complex subject than that.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
thanks for info peter i did find it an interesting read an when i saw a reference to "supply side economics" i took the report to be strictly kosher as barry refers to the subject on his blog so often.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Flat rate tax, is a way forward, but not convinced that the worse off would not lose out by it.
Some of those who are against such a tax state that monies would be lost at the moment paid by some of the rich
and less tax's less monies for such organisations as the NHS
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
I am not sure about flat tax BUT I am thinking IF all the other scams do get closed with it ,may be it will work
The system as it is not working ,to many ways out for the rich
Guest 725- Registered: 7 Oct 2011
- Posts: 1,418
All this turmoil eh? It's not as if the prospective labour candidate for Deal and Walmer is going to make any difference is it? Come on guys get it together.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Whether one supports flat taxation of income or not seems to depend on one's fundamental view of the primary purpose of taxation of income. Is it to raise maximum revenue for the government or is it a tool for social engineering?
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
True Peter
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Keith, he asked you a question he didn't make a statement.
You can't agree with a question
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
The Football world has gone barmy.....
Bale's £300,000 a-week Real Madrid salary
"Gareth Bale has become the world's most expensive player at Real Madrid and good luck to him
because he is a fabulous player.
"But the £300,000 per week wages it's reported the Spanish team will be paying him seems an obscene
amount of money to me.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
David
There wasn't a question
he gave a viewpoint
just like the other 3,335 posters have been giving views
but you choose to only want mine??
I won't continue to go round in circles
you have a lovely day
Reg
he gets that for 6 years
it could be said that a footballer at the top usually is shorter than most employment
but with a recession on football seems to operate outside of it.
But is these high wages not doing much for clubs such as Dover at the lower levels?
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Is it to raise maximum revenue for the government or is it a tool for social engineering? Not aimed at Keith but at the forum in general.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Keith, I owe you an apology, I assumed you were versed in basic grammar and punctuation. This is what Peter wrote:
Is it to raise maximum revenue for the government or is it a tool for social engineering?
The clue that its a question is the odd shaped symbol at the end of the sentence.
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
Peter its a good question. It depends whether you mean what is it currently used for or what should it be used for?
This is my perennial question about the way the local authority spends our council tax and business rates, in other words what is the point or purpose of govt at any level?
I'd imagine our thoughts on social engineering are similar
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
If it was to raise maximum revenue then we would have not just simple taxes but low rates and flat taxes.
High marginal rates are just to pander to the lowest common denominator of ignorance and envy reducing tax receipts, doing no good at all. I would not even give it the (in)dignity of describing it as social engineering.