Zero sympathy for people who had £10 million worth of jewellery stolen

Pretty much bang on the basic rate, or higher (24% and 28% also apply to certain gains).

But not to the same level as income tax.

They have, they raised it in the recent budget.

Yes I know, which is why I said make it the same or slightly higher than taxed income. It is too low currently.

Tax them when they are realised

We do. It's called capital gains tax.

What? Why?

Didn't take long did it?
Your faux abhorence of their (imagined by you) wealth does not cover your naked envy and inability to be subtlety bitchy.

You are being ridiculous. It’s all relative. Somebody poorer than you might think you deserve to be burgled. Nobody deserves to be burgled. It doesn’t matter how much they have.

Tax them when they are realised. And exceptions can be made potentially (like your main residence).

I agree with your suggestions too.

Windfall taxes on energy companies, fine utility companies to the total value of their assets to bring them under public ownership. Invest in them, eventually lower costs - creates jobs and puts money in people's pockets. Society would function better, things get better etc etc.

A tax on assets just leads to all homeowners being taxed. You can't tax unrealised gains, because they are exactly that - unrealised.

Tax assets (or more specifically asset value growth) at the same or even slightly higher level as income. What’s yours?

We're all going to be the losers if the jewellery isn't recovered. A payout of £15m by insurers will be recovered from higher premiums across the board so we'll all end up paying for this.

Okay, so what is your suggestion?

@oakleaffy

Dad had a safe, but when I looked after their house he never told me the numbers so “ It couldn’t be beaten out of me”.

That's awful .

But if you have that much money - is it not better to spend it and hence share the wealth around, than leaving it just sitting in the bank ?

I haven't read the whole thread, but your general point is that if someone isn't on the bread line, they are fair game for thieves.

Guess you would have been rubbing your hands together with glee when my parents who live in a nice area, were broken into whilst on a nice holiday and my mum had her engagement rings and her recently deceased mums wedding ring stolen. Serves then right for going on holiday huh!

How poor does someone need to be before it's morally acceptable for them to be burgled?

No, let’s not tax everyone down to the same level. No-one I’ve seen is suggesting that here other than you (presumably sarcastically).

You can encourage upward social mobility all you like. All of the facts and figures say things are going in the opposite direction and have been for decades

Well, yes. That's what earning more money means, after tax, you have more leftover.

I earn minimum wage, but I pay the same % tax as someone earning £50,000. They will, obviously, have more money left over.

But lets tax everyone down to the same level, shall we?

It's estimated that the basic cost of living is £2,500 per month in the UK. To add a tiny safety net (but not too much, of course!) let's sat that's £3,000 per month. £36,000 per year.

Whether your base salary is £50,000 or £500,000, you get £36k per year.

If you're on less than that, the government tops it up. Brilliant, right? The wealth is redistributed!

People will lose their homes, of course. Businesses will fail, because people can't afford luxuries anymore. But wealth has been redistributed, for all of a year.

It would never work. Encouraging upwards social mobility is far better than advocating for bringing people down.

Baddaybigcloud · Today 15:19

SunnyAugust · Today 15:17
Let’s storm Buckingham Palace then
I would love to!

Why don’t you? French and Russian revolutionaries managed to round up large crowds to storm royal residences without the modern communications of today so it would be easy to alert thousands of like minded people of your plans at the press of a button.
All you need is a few battering rams, a trebuchet or two, maybe some hand grenades and other firearms and off you go.
You may have to kill a few people who attempt to stop you but the end justifies the means.

circular argument

That is a massive, massive loss. Yes, I do feel sorry for her. Must also be dreadful to feel that your home was invaded and wonder if they'll come back.

Some people have no empathy whatsoever if someone is rich. It's pure jealousy. While huge riches must be very nice, they are pretty useless against the worst things in life, such as heartbreak, bereavement, serous illness.

Agree, insane wealth in the hands of a few.
I don’t understand the lack of empathy however. A homeless person could say the same about you who has a roof over your
head. Is it the fact they are wealthy or they flaunt it on SM?

When you say “showing off” on SM, you mean this stolen jewellery or do you mean the news that reported the value of stolen jewellery. Do you follow this person, do they do something of interest (e.g. a sports personality?).

SM is like when you go into someone’s home spend time there and have hatred about it but can’t bring yourself to leave:a sickness. Get off SM if it is destroying the empathy you would normally have as a human being.

I don't have "zero" sympathy, it's horrible to have your home invaded. It's not my no.1 concern though

Kim Kardashian was robbed of similar amount by showing it off on sm and the hotel she was staying in, then surprised armed robbers turned up at the door. The insurance were not keen to pay up as she had basically advertised the items & being all alone with no security. Footballers telling everyone on sm they are off on holiday and their house is empty for a month leaving expensive cars & valuables. People need to stop putting everything on sm not everyone is a friend. It also means everyones insurance goes up, insurance companies do not like losing large sums.