Rob Fayolle

[Rob Fayolle @RobertFayolle]

@ItsJamesHall Disagree. The standard of what’s accepted by British people as a ‘good’ level of income is so incredibly low that £5k a month (£100k after tax on PAYE with plan 2) is looked at like you’re a millionaire. HENRYs are worst treated people in the country despite being most productive

[Rob Fayolle @RobertFayolle]

@paullewismoney Do you realise this disproportionately affects basic rate taxpayers because the NI saving is much more important (8% of a 28% total) compared to higher rate taxpayers (2% of a 42% total). So yes, they could decide to give up contributions because benefit has been reduced by 30%

[Rob Fayolle @RobertFayolle]

@vocalreasoning @nigelwnw @paullewismoney @Beagleinwales Deciding your entitlement through NI credits is very different to NI contributions DIRECTLY funding the state pension. NI is not carved out from other forms of tax, they all go into the same melting pot for the government to spend, which is a big misconception.

[Rob Fayolle @RobertFayolle]

@nigelwnw @paullewismoney @Beagleinwales He must have the least financial literacy out of any financial journalist ever. He’s previously said his entire pension is held in cash and now it seems he genuinely thinks NI contributions directly pay for the state pension 🤦‍♂️

[Rob Fayolle @RobertFayolle]

@AndyJScott Would recommend listening to the @hubermanlab podcast about oral health - sugar doesn’t cause cavities on its own, it’s the bacteria which can feed on sugar which do cause cavities. So if you rinsed your mouth every time you had sugar it would help reduce cavity formation.

[Thomas Kopelman 💵 @TKopelman]

If hedge funds with people working 60+ hours a week can't beat the indexes

Why do you think you will with a few hours a month?

[Rob Fayolle @RobertFayolle]

@bruce_pullman Absolutely no chance 25% of Americans own some Bitcoin, has to be extremely overstated.

But to the point of your post, I think that the general American population is much more accepting of financial risks compared to us brits

[Jasper Hall @jasperinvests]

"Bitcoin is only worth what someone else is willing to pay for it!"

You mean like pretty much every asset on earth?

[alex @kirbxbt]

“Buy the dip”

My brother in Christ

i am already all in

[CryptoUK @CryptoUKAssoc]

CryptoUK welcomes the @TheFCA’s announcement today that it “will not object to requests from Recognised Investment Exchanges (RIEs) to create a UK listed market segment for cryptoasset-backed Exchange Traded Notes (#cETNs)”. Read our perspective here:
https://t.co/RncP5Q04U1

[Nayib Bukele @nayibbukele]

When #Bitcoin’s market price was low, they wrote literally thousands of articles about our supposed losses.

Now that #Bitcoin’s market price is way up, if we were to sell, we would make a profit of over 40% (just from the market purchases), and our main source of BTC is now our citizenship program.

We won’t sell, or course; at the end 1 BTC = 1 BTC (this was true when the market price was low and it’s true now); but it’s very telling that the authors of those hit pieces, the “analysts”, the “experts”, the “journalists”, are totally silent now.

Remember this, next time they spill lies again about El Salvador.

[Rob Fayolle @RobertFayolle]

@fpl_tactician Thanks for swapping places 🤝

[Rob Fayolle @RobertFayolle]

@JackySm3344 @FlimsRadar @paullewismoney @RishiSunak I like that you’ve taken this so seriously to start making personal attacks 😂 Ad hominem 👌

[Rob Fayolle @RobertFayolle]

@JackySm3344 @FlimsRadar @paullewismoney @RishiSunak Depends on your definition of ‘very generous’. As I said in my first tweet, money that’s invested has already been taxed, potentially at 40/45% and is then being put at risk in order to get a return. Why take the risk if the reward will also be taxed so heavily?

[Rob Fayolle @RobertFayolle]

@JackySm3344 @FlimsRadar @paullewismoney Do you realise what you’re saying?😂 why does the money go to tax havens? Could it be to do with the… high tax rates in the UK?

[Rob Fayolle @RobertFayolle]

@JackySm3344 @FlimsRadar @paullewismoney Like I said on the other thread, it’s the principle that higher tax rates don’t automatically result in higher revenues. People like to scream ‘tax the rich’ without actually thinking of the consequences of those policies

[Rob Fayolle @RobertFayolle]

@JackySm3344 @FlimsRadar @paullewismoney And the ‘money going abroad’ principle is definitely not a fairy tale either, the higher the tax rate the greater the lengths people will go to avoid it, look at inheritance tax for example.

[Rob Fayolle @RobertFayolle]

@FlimsRadar @paullewismoney The point is the relationship between tax rate and tax revenues is not linear, which I think you’re accepting. I’m not arguing that we are at the exact inflection point, but I think DOUBLING the rate on cap gains would likely have a negative effect on revenues. Just my opinion