Comment

Comment on A UK headline wealth tax? It may be simpler to put up existing taxes

deadcatbounce@reddthat.com ⁨1⁩ ⁨day⁩ ago

You might have read that I wrote only the poor pay tax. There were no poor people within the 98% bands and high income/HNW people wouldn’t have paid it anyway.

Oh so the rich are completely different from the rich of yesterday year. I don’t think so. Drawing plenty of wealthy people in? I bet you’re going to say trickle-down wealth next, you know you want to. G’wan.

You know, of course, a person can voluntarily pay amounts to HMRC or other authorities whenever they like. They don’t have to wait for a request by the authority. The amount on their tax demand is a minimum value.

source

Sort:hotnew top

Elkenders@feddit.uk ⁨1⁩ ⁨day⁩ ago
I don’t quite follow. I agree that wealth doesn’t trickle down and tbh I can’t tell if we agree or not generally. I can’t quite follow. I think the wealthy should pay a wealth tax.

source
- deadcatbounce@reddthat.com ⁨22⁩ ⁨hours⁩ ago
  The wealthy have the resources and access to professionals not to pay tax. So they don’t.
  
  I agree that they should pay tax, but they don’t. It is how it is.
  
  There are two main things that seem to work:
  
  Having taxes at low levels for everyone generally.
  
  After a two or sometimes three generations, the wealth is frittered away by overindulged great-great-grandchildren. Sometimes they are so wealthy, well-educated and taught to wealth preserve that that doesn’t happen.
  
  Source: I studied accounting at accountant which specialised in extremely wealthy families. My own beginnings are very humble.
  
  source