To think the world should have a 100% tax rate

You don’t think your situation is relevant to your perspective?

interesting

but it tells us that you are coming at this from a low income and precarious finances

Already there are people who are not taking promotions because it would put them into a tax bracket which wouldn't benefit them at all so because they will stay longer in their postions other people trying to progress in their careers find themselves hitting against a brick wall. As trickle-down goes it hasn't got the best odds.

I always think this is a bit of a nonsense argument. Do you seriously think every entrepreneur is just going to give up in case they become billionaires?

Lots of people give their all to a business for reasons other than money. some noble reasons - others not.

A lot of it is mindset. A lot of these mega rich tycoons are actually quite emotionally stunted and would actively benefit from not chasing money and focusing elsewhere.

i think we should adopt the ancient Greek attitude to taxes- people actively sought to pay more tax because it brought kudos and status. We need people thinking like this rather than trying to hoard it

My situation isn’t relevant! My disgust that we have over 300 million people starving in 2026 is!

Well, what incentive would they have to build companies that employ hundreds or thousands of people in well paid positions
Yanbu to think no one needs billions but deprivation of assets is a daft idea in a capitalist society

They tried communism, it didn't work. There are still the rich and the poor mainly the politicians are the rich...

Business can be owned by multiple people. It would restrict an individual owning more than 1 billion worth of shares in said company. It would encourage greater cooperatives. Arguably it would be in the interest of most businesses of that sort of size, to be owned and managed by more than one person

Get the tech bros wearing lil’ shiny badges “I paid £1,000,000 in tax”

Make it a collectables situation and they would lose their minds!

Business can be owned by multiple people. It would restrict an individual owning more than 1 billion worth of shares in said company. It would encourage greater cooperatives. Arguably it would be in the interest of most businesses of that sort of size, to be owned and managed by more than one person

Ask yourself if you’d work for nothing
we need to look at the rules that stop people working
like the ridiculous low amount of your only allowed to earn before careers allowance stops
and the magical 16 hours to get benefits
booths these need a taper rather than a cliff edge
people going over 100k they lose childcare so it’s not worth it they work less
all of the above force people to work less thus pay less tax

we need to look at the bottom of the pile not just the top

Was all that spending funded by the Revenue taken in high Taxation or by borrowing?

Yet when we in the UK taxed certain streams of income at 90% plus, we were better off in many ways.
We built council housing, had an excellent armed forces, an NHS that was world leading, a huge manufacturing base (ICI, Plessey GEC, Racal world leading comms and chemical industries, among many others) built Concorde (with the French of course) weekly bin collections, built a m/way network, roads you could drive on without smashing up your car...

Sure its very hard to make direct comparisons but it cannot be argued that huge numbers of millionaires/billionaires has benefited wider society.

& whats with the huge salaries we give CEO's of a Schools Academy, a council, an NHS trust.... Snouts in trough, springs to mind.

What has happened to all the money we have in the UK ?? all that furlough? Covid & energy support? its all gone to corporations, banks, energy suppliers.

"For those wondering, I will pay over $11bn in taxes this year," : Elon Musk.

Yet when we in the UK taxed certain streams of income at 90% plus, we were better off in many ways.
We built council housing, had an excellent armed forces, an NHS that was world leading, a huge manufacturing base (ICI, Plessey GEC, Racal world leading comms and chemical industries, among many others) built Concorde (with the French of course) weekly bin collections, built a m/way network, roads you could drive on without smashing up your car...

Sure its very hard to make direct comparisons but it cannot be argued that huge numbers of millionaires/billionaires has benefited wider society.

& whats with the huge salaries we give CEO's of a Schools Academy, a council, an NHS trust.... Snouts in trough, springs to mind.

What has happened to all the money we have in the UK ?? all that furlough? Covid & energy support? its all gone to corporations, banks, energy suppliers.

I mean most billionaires don’t pay tax anyway at anywhere near the rate of ordinary people. It’s all non dom and legal loopholes

Have you heard of this thing called the Laffer curve?

If you tax at 0% you will get zero tax, if you tax at 100% you will also get zero because why would anyone work/take risk in order to get nothing in return?

So you think billionaires have no moral compasses and as such, we should behave the same and take all their money. Right o.

I'm waiting in for an engineer to investigate a dramatic shift in my house's climate right now, so I'm going down rabbit holes.

Turns out climate was a contributory factor to the fall of the Roman Empire- there was something called the Late Antiquity Little Ice Age due to a period of intense volcanic activity in the 6th century AD, leading to widespread food shortages.

Oh, and also pandemics, caused by then novel viruses. And the wealth inequality we were talking about.

Which rings an uncomfortable amount of bells, doesn't it 😬