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

[TwoCreamEggs]

People are struggling to heat their homes, feed their kids and pay their rent - whilst this 'millionaire influencer' has £10 million worth of jewellery stashed in a safe at home - I find this morally abhorrent and have zero sympathy. They have so little insight and social conscience that they feel it appropriate to flash jewellery and other signs of huge wealth all over social media. I'm glad no-one was injured obviously but hope the stolen jewellery is used to re-distribute some of their enormous wealth.

Income tax starts at 20%.

If you increase CGT to that extent, people will keep hold of the assets and pass them down when they die, and thus the CGT uplift comes into play and a massive amount of CGT is lost.

So tax them when they pass them down or transfer them too.

Inheritance tax and CGT both apply to estates, but there is the CGT uplift, and removing it would create uproar (because it would also apply to ordinary people, like it or not).

When someone makes a gift CGT also comes into play, when the receiver sells the asset.

The faux outrage is strong in that one.
But would be real if someone stole from them.
The jealous are to be pitied, so throw yourself a pity party, @TwoCreamEggs

I don’t care if there is an uproar. Something has to be done to redress the massive and growing wealth inequality in this country and the rest of the western world.

And all of your suggestions are things that already happen.

Unless tax rises to 75%, and the government then passes it on, what else can happen?

You've already seen the reaction to the introduction of inheritance tax on farmer's estates.

Unless the tax is paid out to people, every year, it won't do anything.

Well, nothing will be done so you might as well reconcile yourself to it. It’s like railing at the wind for blowing.

As I keep saying, yes I know they already happen but not to the right extent.

And I know the (right wing) media cares about the farmers. They have dictated the narrative for far too long anyway.

Jealousy is not a good look. That influencer is obviously hugely more financially successful than you, as indeed are lots of people. That doesnt mean them being robbed is a good thing just because it makes you feel happy. I suggest you grow up.

Unfortunately I think you’re right. I am Don Quixote.

So what is your suggested level of tax?

Genuinely?

And to whom do you think this should apply?

Presumably you advocate for the money raised from these taxes being paid straight to the poorest, and not being used for the good of the entire country?

What about the 1.5 million people who are out of work? Do they just get handed this money?

You're living in a fantasy land if you think any form of tax will be used to address wealth inequality.

So it is how they earn their money?
if a surgeon has 10m jewellery stolen then that would be suddenly bad?

Bill Gates, Jeff Bezos and Elon Musk could lose all their money overnight and you and I wouldn't be a penny better off.

Who cares about 'inequality'? Why should it bother anyone that someone else has more, unless they're jealous twats?

I might be upset at not being able to afford something, more so if that something is a necessity. But what difference does it make to me that someone else out there somewhere is a billionaire?

People always seem to have an issue with footballers, singers and influencers, but could never live like they do

I think it’s going in the other direction because of culture though, not because of rich people with jewellery locked in safes.

Maybe I’ve grown up in a niche town or something but…honestly, I’ve worked my absolute arse off since school with not a single penny from family, friends, or anyone else. Didn’t have any useful connections through networks, nothing. Now I’m a high earner who works hard as hell but everyone I grew up with tapped out - skipping college, dropping out of uni, working part time, deciding to be SAHM, the list goes on - but for some reason it’s not acceptable to point out that that’s why they don’t have money. It’s not because of jewelry, it’s because our culture is set up for people not living up to their full potential.

You presume wrong. And clearly this has run its course. Have a good evening and a happy new year.

What a horrible attitude. You could argue the same about people who have nice houses or fancy cars etc. Hope you never get robbed.

So you can't answer me.

It's all good to have ideals, but unless you live to your own morals, don't expect others to.

Like I said, have a good evening.

Ah, kinda like when I drank too much, wore a tight dress, and was raped?

Just not a pure enough victim?

I don’t care if there is an uproar. Something has to be done to redress the massive and growing wealth inequality in this country and the rest of the western world.

@OnlyDespairRemains we can vote in a party that imposes high taxes in this country but we don’t have any control over how other western countries taxes its citizens.
You say ‘something must be done’ - do you have any suggestions?

They’re offering half a million pounds as a reward to anyone who has any information. At this point, they should just replace the items and have done with it

No, I genuinely don't know which is why I asked.

If someone has the money, buying expensive things doesn't hurt other people and provides employment.

I never understood why Elton John got so much criticism for buying fresh flowers for his properties. He's earned his money and provides employment.

"Morally abhorrent" to be wealthy?

Is it not immoral to steal someone's property? There will be many people in this world who can't afford some of the things you have - should they just break into your home and then help themselves?

I'll never be a millionaire or get anywhere close but we are all human. I accept that lots of people will have more than me. I'm sure it's a traumatic experience to be burgled no matter how rich you are. It must be sickening to have your home violated like that.

Can't believe how much some people are blinded by jealousy with PP saying that it "serves them right".

And there's no way this jewellery is going to help the poor or close the wealth gap. Not sure why you would think that...