Why overtaxing the rich is wrong

Discussion in 'General Business Forum' started by Cornish Steve, Apr 21, 2011.

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  1. Lee Jones Jnr

    Lee Jones Jnr UKBF Newcomer Free Member

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    Well....
    There are holidays and there are holidays. One can spend as little or as much as they like, here or abroad.
     
    Posted: Apr 30, 2011 By: Lee Jones Jnr Member since: Dec 6, 2009
  2. hmmm

    hmmm UKBF Newcomer Free Member

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    neither
    the view of the individual is what its about.
     
    Posted: Apr 30, 2011 By: hmmm Member since: Apr 14, 2011
  3. OptiRick

    OptiRick UKBF Regular Free Member

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    This is half of the problem.
    It puts people off paying tax when they see the way people manage without lifting a finger.
     
    Posted: Apr 30, 2011 By: OptiRick Member since: Jun 4, 2010
  4. hmmm

    hmmm UKBF Newcomer Free Member

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    dont then.dont work ...dont pay tax ,dont do anything...

    ive paid shed loads of tax...i dont care where it goes ...i dont care if some goes to dolies or if some goes to hospitals or what ever. it makes no difference where it goes ..you will always pay it regardless...
     
    Posted: Apr 30, 2011 By: hmmm Member since: Apr 14, 2011
  5. OptiRick

    OptiRick UKBF Regular Free Member

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    What a silly attitude.

    I take it you won't mind if your tax is doubled?
     
    Posted: Apr 30, 2011 By: OptiRick Member since: Jun 4, 2010
  6. MASSEY

    MASSEY UKBF Legend Full Member

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    It's not siilly though is it. A point i tried to make a while ago is we really don't have a say where the money is spent. We are non the wiser that people in the MOD think lightbulbs are a bargain at 22 quid.

    Ofcourse we would mind if taxes went up, but they won't ever go up that much. And if they did the government at the time would get no votes.

    You have a far better life not worrying about what the government do with money that you have to pay regardless and have no say in what it is used for.

    We keep hearing "look what they are doing with your money". I have never classed it as my money because i did not give it to them, they take it regardless.
     
    Last edited: Apr 30, 2011
    Posted: Apr 30, 2011 By: MASSEY Member since: Nov 29, 2009
  7. savmot

    savmot UKBF Newcomer Free Member

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    I understand the problem rich people have. The other day I was offered a £200k a year job, but thought nah, stuff it, I'm not paying that much tax. I'll stick to my 18k a year.
     
    Posted: Apr 30, 2011 By: savmot Member since: Sep 18, 2010
  8. bdw

    bdw Banned

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    How many times do we have to listen to that misleading, cliched and probably apocryphal story?

    The fact is that we have a benefit system. As a result of this benefit system people who in need of it are awarded some benefits. I have heard dozens of stories (in this forum alone) of people are awarded £500 or £600 per week in benefits for them and their 12 children (and presumably go around seeking out small business people to reveal how much benefit they are receiving).

    They live the life of Reilly on this, they have a nice car and take holidays abroad. And then we have the others who refuse to take jobs because they get enough on the dole to take two holidays a year and buy 42" tellys and all manner of luxury goods. What about the others who have not worked for 20 years and who spend every night in the pub drinking cider?

    I live in a very deprived area with high unemployment and I frequent the local hostelries. You would think that I would have met some of these people in my area wouldn't you? But no, I have never come across any of them. Where are they all? The vast majority of the ones I know that are on benefits don't have any of these things. They don't starve and they have a roof over their heads but they live a life of struggle to afford most of the things we all take for granted. That is the reality for the vast majority of people on benefits.

    I am not denying that there are isolated cases of people on the dole who seem to be doing well but there are benefit cheats who work on the side or have other income that they do not declare. They are most certainly not typical.
     
    Last edited: May 1, 2011
    Posted: May 1, 2011 By: bdw Member since: Aug 13, 2008
  9. bdw

    bdw Banned

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    Getting back to the subject of tax and "overtaxing the rich", in my experience there does not seem to be any shortage of "rich" people who are willing to evade tax at every opportunity. I would be willing to bet that a few of those who are complaining in here offer "VAT free prices" in alternative quotes and use other "opportunities" to avoid and evade tax.
     
    Posted: May 1, 2011 By: bdw Member since: Aug 13, 2008
  10. Lee Jones Jnr

    Lee Jones Jnr UKBF Newcomer Free Member

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    What exactly is the problem with tax avoidance? Perhaps you should reevaluate the effectiveness of your accountant?
     
    Last edited: May 1, 2011
    Posted: May 1, 2011 By: Lee Jones Jnr Member since: Dec 6, 2009
  11. Podge

    Podge UKBF Newcomer Free Member

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    So it's ok to manipulate the system if you're in business but not so if you are on benefit. Great logic.
     
    Posted: May 1, 2011 By: Podge Member since: Jan 13, 2011
  12. Cornish Steve

    Cornish Steve UKBF Newcomer Full Member

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    Let's dispel rumours and hearsay, shall we?

    - About a third of the number quoted as being without medical insurance in the US are illegal immigrants.

    - Those without medical insurance usually go to the emergency room of a hospital, where they won't be turned away. Indeed, this is the biggest problem with the current system, because ER wasn't designed for this.

    - Within 30 minutes of where I live, for example, there are at least four hospitals that perform heart transplants with a very short waiting list. In other words, competition in the provision of healthcare service leads to far better service.

    - My two older children both work in US hospitals, so my comments are based on fact, not "I've heard stories". I've heard stories that Martians live among us.
     
    Posted: May 1, 2011 By: Cornish Steve Member since: Jul 4, 2005
  13. Cornish Steve

    Cornish Steve UKBF Newcomer Full Member

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    Sorry it took me a while to respond, but I've had very little access to the Internet these last few days.

    When you visit a company, how much research do you perform in advance? Do you study their website, search the Internet for customer comments, visit them ahead of time as a potential customer, speak with people in town to get a sense of their reputation, study their financials to know how much cash they have, how much they are growing, where they hope to expand, learn the names of the key company officers, and so on? Good sales people get up early every day to do this so they understand a potential customer's needs before considering how their products could best meet those needs. As someone looking for work, you too are a salesman: You are selling your services.

    I'm making up a scenario to try to make the point. Let's say that you seek a job advertised at a local bookstore. You visit the store to find how it's organized and laid out. Previously, you researched online and found three local colleges whose students need books, but you notice that these books are not available at the bookstore. You talk to some students and find that they pay a very high price for books at a university bookstore (they can't wait for books to arrive from an Internet supplier). Next, from your contacts, you determine that it's possible to get the books at a better price from a little-known supplier overseas. You contact one of the three local colleges, persist on the phone until you track down the decision-maker, and learn that she'd be delighted to have another bookstore set up, free of charge, in some available space in the Student Centre building for two weeks at the beginning of each term. You also learn that new students receive an information packet that lists stores where they can buy books, and your local bookstore is not on the list. None of the advertisers on that list offer any kind of loyalty discount, which would attract students. And so on, and so on.

    What have you done?

    - Learned about the store and how it could improve
    - Learned about a real need that the store could meet
    - Used your contacts to find a cheaper source of books
    - Demonstrated your initiative by contacting a college and relevant decision-makers
    - Learned new ways in which the bookstore could reach customers who are guaranteed to spend money
    - Delivered value to the store owner before you ever walk in for an interview

    If the bookstore has been bombarded with 200 CVs from local candidates, all in the same format and with the same content as sent to 100s of other bookstores, and then you walk into the store with a 2-page idea for generating new revenue based on your personal knowledge and experience, who do you think will get the job?
     
    Posted: May 1, 2011 By: Cornish Steve Member since: Jul 4, 2005
  14. JohnLocke1

    JohnLocke1 UKBF Newcomer Free Member

    450 163
    Now that's a worry, what they all dying off then, or are they harvesting the Mexican's again :D
     
    Posted: May 1, 2011 By: JohnLocke1 Member since: Apr 12, 2011
  15. bdw

    bdw Banned

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    There are too many verifiable "stories" about the American health system's failings, people who are suffering through lack of medical treatment and insurance companies who will let people die rather than pay out to list here.
     
    Posted: May 1, 2011 By: bdw Member since: Aug 13, 2008
  16. Lee Jones Jnr

    Lee Jones Jnr UKBF Newcomer Free Member

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    It is okay to look after yourself as best you can rather than relying on others yes.
     
    Posted: May 1, 2011 By: Lee Jones Jnr Member since: Dec 6, 2009
  17. Podge

    Podge UKBF Newcomer Free Member

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    And that's exactly what benefit claimants are doing.
     
    Posted: May 1, 2011 By: Podge Member since: Jan 13, 2011
  18. Lee Jones Jnr

    Lee Jones Jnr UKBF Newcomer Free Member

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    Relying in others? Quite right they are.
     
    Posted: May 1, 2011 By: Lee Jones Jnr Member since: Dec 6, 2009
  19. sirearl

    sirearl UKBF Legend Free Member

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    So you are your own savvy accountant.?:|

    In life you have to rely on others or you don't live long.:)

    Earl
     
    Posted: May 1, 2011 By: sirearl Member since: Apr 23, 2007
  20. Podge

    Podge UKBF Newcomer Free Member

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    Whether you like it or not, we live in a socialist country where the government are obligated to provide an acceptable standard of living to those who are not fending for themselves.
     
    Posted: May 1, 2011 By: Podge Member since: Jan 13, 2011
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