BenjiW

Political and financial market insights.

Views are my own.

[BenjiW @BWAProject]

@skunx_rik @DanielPriestley @Heccles94 The government are an investor. The government deal with public finances.

[BenjiW @BWAProject]

@DanielPriestley @Heccles94 Would you be upset not receiving any capital gains as a seed investor? I'm gambling you would.

[BenjiW @BWAProject]

@DanielPriestley @GBNEWS @Caiwilsh Pedantic. If there is sufficient liquidity, demand and fungibility he could sell them for money. Maybe not for the whole value, but still a gargantuan sum, which is obviously the point being made.

[BenjiW @BWAProject]

4) Corporate greed.

It's inconceivable you haven't listed this, but you're a capitalist, so why would you.

The incentive of this system is to maximise wealth for shareholders, and they'll do that by allowing margins to inflate but not increasing wages. This is fairly obvious to everyone who is employed.

[BenjiW @BWAProject]

I work for a fortune 500 company in tax and derivative accounting, so I'd hazard a guess I'm more informed than you are.

You're not understanding that rich people dont fall into traditional income brackets. They fall into capital brackets, and if you never have to part ways with your capital (by collateralising yourself with tax free loans), you never pay any tax/massively reduced rates.

Do you think that is a problem or not? Is that contributing to fiscal deficits or not?

[BenjiW @BWAProject]

This is wild - I'm watching you talk on YouTube and getting live responses on X. Modern world hey?

I agree on your natural resources point, but either way initiatives to socialise ownership of assets would have to be funded via the public purse - be that through new money creation or raising taxes on specific wealth groups. Either way, teleologically, you have the public purse purchasing assets on behalf of their countrymen and women.

That's socialism bud. Democratise the means of production.

[BenjiW @BWAProject]

Billionaires create value - sure - and that value is obviously felt in its extremity in terms of personal wealth. So they can pay tax at the same rate as everyone else cant they? They dont need a tax incentive when they already have billions in wealth, do they? This is financial bullying and you all seem to be cucks for it.

[BenjiW @BWAProject]

£1.4trn of accumulated fiscal deficit, driven mainly by the SME tax gap and also rich people avoiding paying tax by buying things like, hmm, floating chattels?

Please acknolwedge rich people avoiding paying most taxes and having effective rates well below normal earners is a lsrge part of the problem. You discredit yourself pointing purely at the government.

[BenjiW @BWAProject]

@Lurker54639625 @DanielPriestley If you left this system to itself, that's exactly what would happen. 10 companies/asset managers would eventually own everything. If you dont get this, you dont get how capital amd power begets itself.

Governments do regulate this effect. Without them it would be amplified.

[BenjiW @BWAProject]

That's not the point. The point is even with with competition monopolies still form over time. You have a slight edge vs a competitor, that compounds, especially over global market places.

Microsoft, Nvidia, Google, Apple, most banks, supermarkets, pharmaceuticals, consultancies have all been regulated along the way. Still hasn't stopped them from completely dominating global markets.

[BenjiW @BWAProject]

Explain that statement for me?

My understanding - and that's backed by literal thousands of government and antitrust regulatory examples - is that governnment consistently have to step in to *prevent* monoplies from forming. See Microsoft in the 90s, nvidia in 2022; Google in 2024; banking cartels etc.

It's pretty obvious isn't it? Unregulated capitlism's goal is to amass as much wealth as possible - it regularly acquires, exploits, hoardes, lobbys and maligns markets in pursuit of those objectives, including buying up all the competition. If you take away the very minimal sets of regulations that exist, those things would be massively amplified.

[BenjiW @BWAProject]

@youtubeTeamJG @DanielPriestley Is 20% the "right balance" or is that materially contributing to untenable fiscal deficits?

[BenjiW @BWAProject]

@ScottGregory1 @DanielPriestley They don't take salary. And many pay no capital gains at all if your cost is living is collateralised by unsold assets.

This has to change. If everyone lived like that you bet your bottom dollar the tax system would adjust somehow.

[BenjiW @BWAProject]

Oh shut the fuck up about the laffer curve. It was literally drawn on a napkin and doesn't actually point to anything concrete. What is the maximising rate? Do you know?

Billionaires should pay at least the same amount as marginal/higher rate tax payers. In reality they pay something like 22%, which is far lower than even the worst paid people in most countries. How can that be fair and why are you supporting it?

[BenjiW @BWAProject]

@henk_liesh38757 @FranceskAlbs I hope you're never in a position of power. Ever.

[BenjiW @BWAProject]

@opoe63 @FranceskAlbs What's your point?

[BenjiW @BWAProject]

@MartinG92298153 @FranceskAlbs What the fuck are you talking about and how does that have any relation to violently shoving a pregnant woman to the ground and dragging her by her hair?