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(Telegraph)   UK: I know, we'll tax the rich 50%. They'll just lie back and think of England. The rich: My oh my, but isn't tax exile lovely this time of year   (telegraph.co.uk) divider line 30
    More: Obvious, Lib Dems, parliamentary debate, Ed Miliband, cull, tax rates, Britain, income taxes  
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10792 clicks; posted to Main » on 28 Nov 2012 at 8:18 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-11-28 08:28:50 AM
3 votes:

James F. Campbell: FTA: 50p

What the fark am I reading?


That's going to look really shiatty on my 1080p monitor.
2012-11-28 08:22:56 AM
3 votes:
I'm sure that won't happen here

More free shiat for everybody!
2012-11-28 10:27:54 AM
2 votes:

thurstonxhowell: King Of The Monkeys: Brother A is perceived as a victim.
Brother B is perceived as an evil selfish bastard.

Neat strawmen. Have you ever tried shoving it up your ass?


You sound like "Brother A"
2012-11-28 09:17:32 AM
2 votes:
They are starting to run out other peoples money
2012-11-28 08:52:37 AM
2 votes:
Bono heard saying 'There goes the neighborhood'.

/He hides his money in Cyprus, then criticizes people for not doing their fair share.
2012-11-28 08:52:07 AM
2 votes:

onyxruby: Flat tax 20 regardless of income source. No penalty for success, fair for everyone. Get rid of all the corporate tax loopholes for sending jobs overseas etc.


You're either really bad at math or really bad at sociology. Which is it?
2012-11-28 08:34:37 AM
2 votes:
3.bp.blogspot.com

Whoop. He's starting to shrug.
2012-11-28 08:32:21 AM
2 votes:

Lord Summerisle: They all left? Good. Piss off, you psychopathic bastards.


Who's gonna pay for your free stuff now?

God forbid you get up off your ass and work for a living.
2012-11-28 08:22:17 AM
2 votes:
Flat tax 20 regardless of income source. No penalty for success, fair for everyone. Get rid of all the corporate tax loopholes for sending jobs overseas etc.
2012-11-28 07:54:31 PM
1 votes:
Who is John Gault?
2012-11-28 12:03:55 PM
1 votes:

swahnhennessy: What's English-English for "Screw you, I got mine"?


"I'm all right, Jack" or perhaps "Sod off, you poxy wankers".
2012-11-28 10:00:49 AM
1 votes:
There is only one "fair" form of taxation. (all statements in this post and all future post are appended with BOCTAOE

National property tax.

4 steps.

1. ~15% tax on all currency exports (goods are not taxed at export, only currency)
2. end all income, sales, sin, and specific activity taxes (fees such as natural resource use rents are still OK and dealt with in point 4)
3. enact a ~2.3% tax on all property under the protection of the US government including intellectual property
4. take the proceeds of all non-tax revenue such as fees and fines and distributed them equally to all citizens

This works because the people who own stuff pay for the government whose primary purpose is property rights enforcement. The people who don't own stuff benefit from living in the society and being good workers and consumers supporting the people who do own stuff.

Because of a single tax rate politicians no longer have the power to help their friends and punish their enemies, and because all non-tax revenue is returned to the people the government does not have financial incentive to enforce laws for profit.
2012-11-28 09:54:27 AM
1 votes:

incendi: my_cats_breath_smells_like_cat_food: What is bad about this?

Nothing, except his need to proclaim to the world about how he's going Galt turning what most people would consider reasonable decisions into a childish act of defiance.


No, it's not a childish act of defiance.

If you are being robbed, you do whatever you can to kill the robber.
2012-11-28 09:33:09 AM
1 votes:

tom baker's scarf: onyxruby: Flat tax 20 regardless of income source. No penalty for success, fair for everyone. Get rid of all the corporate tax loopholes for sending jobs overseas etc.

pro tip. Sim City is a pretty fun simulation but not everything in it is 1:1 usable in the real world.

flat taxes are not fair. They have a much larger impact on the working poor and middle class families then they do on the rich.


They bought their tickets Shayna, I say let em crash.
2012-11-28 09:31:26 AM
1 votes:

sodomizer: For a millionaire, this is a simple financial decision: what's the best tax rate for my residency dollars?

This is one of the many reasons that "tax the rich" is theft by wishful thinkers who will destroy their country with it.


B....bu....but Obama!!!!
2012-11-28 09:31:06 AM
1 votes:

Dancin_In_Anson: Joe Blowme: They are starting to run out other peoples money

I mentioned that statement a week or two ago and the Fark Dependents® went nugging futs about what an idiot Thatcher was to make such a statement. Ain't that a kick in the head?


That is no surprise to me. When i pull it out farkers usually scream Troll because facts make them uncomfortable.
2012-11-28 09:30:07 AM
1 votes:

Z-clipped: Except that that's not fair for everyone, because there's a difference between taxing someone's grocery/rent/electricity money and taxing disposable income


How can have everyone pay the same rate not be fair? That's like saying we should have different speed limits based on income.

Right now as it stands the rich pay far lower than 20% tax because they can take their income source at a different tax rate. If memory serves Romney's tax rate for his returns that made the news was something like 14%. Most corporations pay far less than 20% of their income as well. You'll note that my tax figure is a far greater tax rate than Herman Caine's 9/9/9 plan.

Simplifying the tax code would save the economy Billions of dollars a year in accounting costs alone.
2012-11-28 09:30:05 AM
1 votes:

Zeb Hesselgresser: onyxruby: Flat tax 20 regardless of income source. No penalty for success, fair for everyone. Get rid of all the corporate tax loopholes for sending jobs overseas etc.

No. Regressive, punishes the poor.


Negative Income Tax. It combines a flat tax with a fixed annual subsidy/rebate to fix the regressive problems with the flat tax.

Basically, you tax everyone 30% and cut every household a check for $10,000 a year (or equivalent monthly payments).

It's demonstrably equitable, as it applies the same way to everyone. Thanks to the significant subsidy, you can eliminate traditional welfare (cutting every household an additional $100/person/month worth of discount coupons for food and essentials, which could be redeemed by retailers with the government, would serve to fill any gaps), and the very poor have no disincentive to find work, since additional income doesn't make you ineligible for the subsidy. Nor do high-income earners have any disincentive to make more, since they're never kicked into a higher tax bracket.

It's effectively a guaranteed minimum income system, but it doesn't disrupt markets the way raising the minimum wage does, since wages are effectively unlinked from basic survival. It also has a stabilizing effect during economic downturns, since the working class doesn't have to worry about whether it can meet a basic standard of living after taking a paycut, and so consumer confidence should remain higher, and the economy should recover faster.
2012-11-28 09:26:46 AM
1 votes:

Joe Blowme: They are starting to run out other peoples money


I mentioned that statement a week or two ago and the Fark Dependents® went nugging futs about what an idiot Thatcher was to make such a statement. Ain't that a kick in the head?
2012-11-28 09:02:25 AM
1 votes:
How UnAmerican, maybe if they were reminded that they "need to pay their fair share" all will be ok..
2012-11-28 08:56:27 AM
1 votes:
Here in Maryland our Dear Leader O'Malley passed a special millionaires tax in the hopes of raising an additional $1 bil. of revenue. He forgot to build a wall around the state and as a result he ended up losing $1 bil of revenue with a stroke of his pen. He has since redefined "millionaire" to mean $500k. Eventually in MD you will only need to earn $100k per family to be evil rich in his eyes.

/btw
//This farking babbling economic idiot
///Is who so called progressives plan to have as our next president.
2012-11-28 08:56:13 AM
1 votes:

Dadoody: There is no real reason ANYONE should be forced to pay a 50% tax on anything. That's not taxation - that's outright theft of income. What governments need to do, but will not, is live within their budgets and means.


Stop it. The difference between taxation and theft is that you don't get to elect representatives to the Thieves Guild to tell them how much to steal from you, much less contribute to their elections and try to influence their outcomes. You also don't get to tell those representatives what to do with that money.

Come to think of it, the Thieves Guild should really be more transparent.
2012-11-28 08:48:00 AM
1 votes:
The US should do this. Try it for two years.

It won't solve any financial woes for business. Nor reduce our deficit, but it will give some folks a real morale boost to say that they socked it to the rich.
2012-11-28 08:45:45 AM
1 votes:
This is why you put up the Berlin Wall first, THEN you start hanging the one percent.

/can't commit genocide in the name of social justice if the designated oppressors can just run away
//wait, fix the economy? why would you want to do that? it's the population control, stupid
2012-11-28 08:36:57 AM
1 votes:

Fade2black: Lord Summerisle: They all left? Good. Piss off, you psychopathic bastards.

Who's gonna pay for your free stuff now?

God forbid you get up off your ass and work for a living.


1) God forbid Wallyworld should pay a decent wage, we gotta have that cheap Chinese crap.

2) Bomb bomb bomb, bomb bomb Iran?
i219.photobucket.com
2012-11-28 08:33:52 AM
1 votes:
Answer: Raise the top tax rate in all countries. Let "the rich" move to Somalia if they are really moving to escape taxes.
2012-11-28 08:29:14 AM
1 votes:
Taxes should be viewed as a means of raising revenue for the government. When you raise taxes and revenue falls, you are doing it wrong! Why is that such a hard lesson to learn?
2012-11-28 08:27:42 AM
1 votes:

James F. Campbell: What the fark am I reading?


English... fast becoming a foreign language.
2012-11-28 08:25:54 AM
1 votes:
What's English-English for "Screw you, I got mine"?
2012-11-28 08:23:57 AM
1 votes:
If I'm understanding this correctly, the rich should pay less in taxes because when a recession is in full force, it even impacts them.
 
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