@ChristineKayNow Ah, you’re claiming that the traditional upper cohort (top 0.1%) don’t pay any NI, contribute nothing in consumption taxes and didn’t create or own any businesses which employ people and generate revenue directly and indirectly. Sure…
@GreenAttackDog@DrStefan33 Based on what might I ask? Specifically on wealth taxes (taxes on unrealised gains), the historical data is very much not on Gary’s side.
@ChristineKayNow It would great if you could tell me what it is you’re talking about beyond the nauseating “FTFY” comments. Does this help:
https://t.co/eNvmU7i0Qa
@sashayanshin It seems almost impossible to disabuse advocates of the fact that we’re not talking about cash or bank balances. I’ve tried to argue the material significance of “it’s only 2%” several times but can never get past the Scrooge McDuck fallacy.
@edmcdermott12@DominicFrisby A technical point; the PM is not a president and doesn’t stand in an election for that office. They are simply the leader of the party in power. I’m no supporter of Burnam btw.
@ChristineKayNow@OliverKamm Source please. I suspect you’re confusing share of tax payers with share of taxes paid. It’s estimated that the top 0.1% actually contribute ~10% of income tax. In fact, everything you’ve written is the opposite of the truth.
@misterp1ckles@RockChartrand Probably worth looking in to who actually paid it when it was over 90%. The answer is almost nobody. The people it would’ve affected had very specific back doors in statute such as Louis Mayer of MGM
@tonyinbristol@dontdelay That’s a lot do with the relative scarcity of housing, high competition for available housing in specific market segments and the falling value of our fiat currency. In real terms, house prices have been fairly static.
@PanVanDams@YardleyShooting Correct but there are estimated (there’s no direct numbers) to be a lot more uncapped vs. capped households due to LCWRA exemption. This is overwhelmingly for mental health conditions.
@mdf_michael@PlatoonPod All the countries that repealed them? I’d start with ISF in France which was repealed by Macron 2018 if you want a concrete example. However, these discussions tend to go like those around socialism. It just wasn’t done “right”, this time will be different.
@John_Stepek@ksaraholland There’s an element of competition between cantons and it’s part of their overall tax policy rather than an add on. They only pay CGT in very limited circumstances for instance. Using Switzerland as a comparator is a bad faith argument in my view