Disability support definitely needs to be increasedI'm all for increasing benefits and providing wider scope for support rather than the rather nasty and vindictive system we have at present for those unable to work through disability for example.
We could fund that and a lot more besides (NHS for example) by closing all of the tax avoidance loopholes and making wealthy non-domiciled scumbags (owner of the Daily Mail for example) non-citizens and barring them from owning media companies that put forward biased viewpoints to support them and their equally vile and obscenely rich chums.
This is where I disagree a little. None of those people stole money. They built businesses that generated their money. A lot of them will have worked hard, often living in crappy conditions on their way up the ladder, and been taxed throughout their lifetime. Those that inherit after their death would pay IHT (at least in this country) on their inheritance anyway and there’s no limit on that.Limiting inheritance isn't limiting. The likes of the offspring of Bezos, Branson, and Musk, for example would still be comparatively wealthy and able to run the business that made them wealthy in the first place. When you're faced with the obscenity that the richest 10% hold 85% of global wealth then something has to be done. I suggest we limit the inheritance of relatives to a set sum, liquidise the remainder and invest it in universal health care and good social welfare programs globally. Let's reduce the obscene gap between the haves and the have nots.
Disability support definitely needs to be increased
I agree with all of that except the media companies bit. There’s a risk that those getting into power would bar their opponents from owning media companies.
This is where I disagree a little. None of those people stole money. They built businesses that generated their money. A lot of them will have worked hard, often living in crappy conditions on their way up the ladder, and been taxed throughout their lifetime. Those that inherit after their death would pay IHT (at least in this country) on their inheritance anyway and there’s no limit on that.
I don’t disagree that obscene amounts of wealth is arguably wrong particularly when there’s so much that it can’t ever be spent and in typing that I’m coming round to your way of thinking. It just doesn’t sit right with me to say “you must only earn this much money and if you earn more than that we’ll take it when you die”
I’m not sure that’s completely accurate though. Branson’s UK companies as an example would have been paying at least the minimum wage to staff (since the late 90s at least) and with decent employment rights/protections that everyone has in the UK.There's an expression that Terry Pratchett's Death character used in Mort. "Mortared with the blood of 1,000 slaves" which is apposite. They made that money by paying the least they could get away with and forcing intolerable working conditions on their staff. They're not benefactors, they're exploitative pond scum. I have little sympathy for them.
I win!I’m not sure that’s completely accurate though. Branson’s UK companies as an example would have been paying at least the minimum wage to staff (since the late 90s at least) and with decent employment rights/protections that everyone has in the UK.
Their business premises would have been paying business rates to the local authorities and the products/services they sold would have been subject to VAT. The companies themselves would have been paying corporation tax on their income and employer NICs would have been paid on the salaries they paid to staff.
I’m not sure that’s completely accurate though. Branson’s UK companies as an example would have been paying at least the minimum wage to staff (since the late 90s at least) and with decent employment rights/protections that everyone has in the UK.
In an ideal world that would all be true. Local authorities are likely to reduce or waive business rates to attract large businesses and that should not be allowed. They employ legal and accounting specialists to dodge paying taxes on the corporate income and in some cases avoid it altogether (Apple anyone?). The only thing they can't avoid is PAYE and NIC employee contributions (which come directly out of the employee pay anyway) and Employer NIC contributions. They'll employ people on an intern basis to avoid even that where they can.Their business premises would have been paying business rates to the local authorities and the products/services they sold would have been subject to VAT. The companies themselves would have been paying corporation tax on their income and employer NICs would have been paid on the salaries they paid to staff.
I agree.Minimum wage is intended to be a minimum not an actual pay level. Responsible employers pay a living wage, not minimum wage.
I agree on zero hours contract but they’ve only been around for a relatively short time and they make up only around 2.8% of those in work so I don’t think it can be said that people get mega rich off the back of those. Rolling contracts can be beneficial to employees as well as employers. I believe they have the same employment protections as those on normal contracts including redundancy etc.Rolling contracts are used to avoid employee protection along with zero hour contracts.
They can only do that if it’s a designated investment zone (or whatever the buzzword is now), limited to a few years of free rates and they tend to be in areas that are in dire need of investment and with very high unemployment rates. I know of a few of those quite local to me and they’ve transformed the areas quite drastically. Very few of the businesses have moved out after the initial 4 years free rates, and the local authorities have put the rates up. The initial few years free rates bought investment, a reduction in crime, and an increase in employment rates. Most of those areas were developed in the 90s and are still going strong now. I don’t think that’s a bad thing.In an ideal world that would all be true. Local authorities are likely to reduce or waive business rates to attract large businesses and that should not be allowed.
100% which is why they need to close those loopholesThey employ legal and accounting specialists to dodge paying taxes on the corporate income and in some cases avoid it altogether (Apple anyone?).
I agree.
I agree on zero hours contract but they’ve only been around for a relatively short time and they make up only around 2.8% of those in work so I don’t think it can be said that people get mega rich off the back of those. Rolling contracts can be beneficial to employees as well as employers. I believe they have the same employment protections as those on normal contracts including redundancy etc.
They can only do that if it’s a designated investment zone (or whatever the buzzword is now), limited to a few years of free rates and they tend to be in areas that are in dire need of investment and with very high unemployment rates. I know of a few of those quite local to me and they’ve transformed the areas quite drastically. Very few of the businesses have moved out after the initial 4 years free rates, and the local authorities have put the rates up. The initial few years free rates bought investment, a reduction in crime, and an increase in employment rates. Most of those areas were developed in the 90s and are still going strong now. I don’t think that’s a bad thing.
100% which is why they need to close those loopholes