To be confused by 'high earners' complaining about taxes?

[tutuland]

So high earners pay lots of tax. The top 20% pay for 70% or whatever the numbers are.

But (beyond printing more money) isn't the money there high income people make just coming from the paying public? No matter who you work for, your company's profit is just an accumulation of normal people paying for things.

So ultimately, isn't it all our money anyway? Just beacuse the game is rigged and you get paid 400K for management whatever, it doesn't mean you're more deserving of that money than anyone.

I said something. You called me a Marxist. I explained politely that what I was saying wasn't Marxism (although Marxists might agree with some of it). You took offence at the suggestion anyone on this thread was talking about Marxism.

Is the pattern short term memory loss?

“So isn’t it ultimately all our money anyway? “ “ The game is rigged”

I am actually embarrassed for you, posting such utter nonsense 🤦🏼‍♀️🙄

Even short term memory loss isn’t an issue on a site that has a button for seeing quote history, so no I don’t that’s it. Claiming that French policies are to blame for U.K. taxes is quite frankly ridiculous.

Most people with businesses who live near you won't. We have a small business DH set up in 1992. It took a few years to turn a profit, and 30 years on, the rewards still don't have three zeros. But we keep four families without needing UC subsidies. I know, it doesn't sound impressive compared to an influencer's SM hype and earnings, but earning a sustainable living in the real world, where someone expects to see rainbows explode on cue is just daft.

It is fucking hard to earn anything better than MW, unless you are driven or clever.

The people who accumulate millions have new ideas.

In addition to all of the hard work, entrepreneurs put capital at risk. If they’re not allowed to earn a return on that capital, they won’t invest it. It’s much easier to just put it in bonds and shares.

When Jeff Bezos started Amazon, his parents in law invested $40k in startup capital. That got them 5% of the company. 😁

Hurrah for high earners! It's when they bitch about it that people get antsy about it. They've probably worked hard to get where they are but need to admit that dumb luck plays a big part in their success. I know a load of people who work hard but are lucky to clear £25k.
So, high earners, don't whine then you'll get all the praise you so desire!

Im not on £400k a year. I don’t mind paying my fair share of taxes to support pensioners and people who are genuinely ill and cannot work. I don’t even mind the subsidies benefits to working parents who get a top up. I don’t mind paying my taxes to support the NHS, local services and so on and so forth.

What I do mind is paying benefits to people who don’t work and keep having children they can’t afford. I mind paying extra taxes for hotels and taxi rides for people who enter the country illegally.

As far as being “deserving” the person who works and earns their money are the ones deserving of it.

The problem with the welfare system and high taxes is it slows growth and eventually you run out of people who actually contribute to society to support the ones who contribute nothing. Then what ?

If you can possibly start to pay your own way and for your family (even if it just covers the cost) so my tax can be spent on infrastructure, police, defence etc then I’d be willing to send you a daily thank you email, sms, WhatsApp whatever medium you choose.

Why should they not get upset about it? They pay an exuberant amount of tax and receive very little in return. They get attacked for "daring" to do well in life. They have to pay and fund those on benefits as well. What's so shocking about wanting to enjoy the fruits of your labour? High pay is due to hard work and skill.

If someone has never cleared £25k/pa in their entire adult life I'd seriously wonder about the choices they made that led up to this (barring disabilities or major life catastrophes). One of the reasons I've always hammered into my kids the need to do well at school.

I have a young adult DC working. They are on 30k and want to move up and be more senior and get paid more. They see higher salaries as something to aspire to and work towards.

People suggesting because the NHS is underfunded is a result of 14 years of Tory leadership.. and what's happening these reform window lickers are just voting them back in...We need to be taxing those who can afford it even more. The super rich, not yourselves who have decent jobs. Those with generational wealth just growing exponentially.

When they just get richer existing. Generational Wealth that hasn't been earned. There is no billionaire who works harder than a single mum holding it together .

I'm never going to vote Reform.

I earn around £120,000. My headline tax rate became I'm in Scotland is 67.5%- just curious how much more of what I earn do you think I should hand over?

You're confusing a decent salary with generational wealth. You're not on my radar.

Really?

There seem to be plenty of posters on here who resent the fact that anyone in that tiny band of tax payers exist at all - except of course to be taxed at eye - watering rates because we deserve it.

I'm fed up of the criticism tbh. So far as the NHS, how much money is wasted?

Today I collected a prescription from Boots and asked to buy a non prescription but pharmacist only medication. The pharmacist asked me if I wanted it "from the pharmacy" . I didn't know what he meant but apparently I can, if I want, waste NHS time, money and resources by getting Boots to process a prescription for an item I can easily afford to buy.

Oh no doubt you'd be cock a hoop to take the farm I grew up on from my brother when he dies - after all he inherited it from our grandfather and my nephew can't possibly deserve it.

I have no issues with those with large wealth. Compared to the single mum (who is doing a tough job raising kids on her own) a billionaire has either set up, created or invested in successful companies that have created produces and services that benefitted us. Their companies have probably spurred innovation and employ many people allowing them to feed themselves and their families.

Once we pass away we hope everything we've made and whatever property we have will go to our children. We hope to also protect the futures of any future grandchildren and further descendants.

I don't think you're really appreciating how much money even a single billion pounds is. It's funny how you think billionaires are generally self made business people that's really the case and they're rarely creating wealth to those below them. Thanks mr billionaire for my minimum wage job that doesn't cover food and rent, prevents mothers from raising children themselves. Honestly stop cucking for the rich they don't care about you, they just want to benefit from the educated and healthy workforce this secure country provides while paying as little back as possible.

We’re down 55 billionaires this year in the U.K. and we have 156 left, those 156 pay direct taxes totalling around 10 billion a year. That’s more than twice the income tax from Birmingham. We don’t get anything from the 55 who left.

It's funny how you think billionaires are generally self made business people that's really the case and they're rarely creating wealth to those below them.

Perhaps it's rare in the UK. It's pretty common in the US for employees to get stock options that can make them a lot of money, particularly when startups go public.

https://www.cultofmac.com/apple-history/apple-ipo-goes-public

Established companies offer stock options as well. Our first house deposit came from my husband's stock options.

Rarely billions though. To make that much you either have to:

• inherit vast sums
• benefit from massive government contracts and subsidies
• run a sex trafficking blackmail scheme
• write a fantastically succesful series of books/music
• some combination of the above

JKR is awesome but she's also happy to pay tax. Also she isn't quite a billionaire because she gives so much away.
Its quite hard on the whole to be a billionaire "honestly". Anyone who is has benefitted from the public one way or the other and can afford to pay back

You're moving the goalposts. You didn't say "rarely create billionaires", you said rarely creating wealth to those below them.

Stock options create wealth for employees. I'm sorry you don't have them in the UK. Perhaps the reason is tax-related.

Your farmer brother has almost certainly benefited from subsidies** paid for by taxes though. I have no problem with that. Farming is an essential industry unlike any other and it's hard to balance food being affordable with farms being consistently profitable (or breaking even). But while some farmers are barely scraping by, some farmers are immensely wealthy not just in land but in income. And some farm owners are actually wealthy landowners of large tracts of rented or subcontracted land. Those people can afford to pay some tax back. If your brother isnt in the fantastically wealthy category I am sure no-one wants to take his farm from him. But presumably you would appreciate someone pays taxes to make sure his farm survives in hard times? If not the rich then who?

**Plus the spending on roads, rail, energy infrastructure, etc etc that make farming an industrial not a subsistence level endeavour

Yes a billion is a big number. I did some research and most are self made. They've created and set up businesses that we consumers enjoy using. The devices we are using to communicate are thanks billionaires.

Lord sugar for example was council estate to billionaire. Even those who grew up with high earning parents, they've turned whatever the received into *1000 times that.

Not everyone's on NMW, let's be honest about that. Many are working and getting paid well. Many have high paying jobs with interesting and intellectual careers. Many of these jobs are sought out for.

Do you think my brother and I don't pay tax? My headline income tax rate is 67.5% How much more would you like from me?

why not use fancy accountants ?