By what amount, and how would one quantify "wealth"?
Edit: Nevermind, my computer was a little slow to load.
Society Putin has decided to "run" for President again
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Edit: Nevermind, my computer was a little slow to load.
And the whole idea behind this must surely be to generate at least the same amount of tax or more, than what was being generated before. How does that benefit your average Joe. If you take the UK's richest and assess their assests in the same way you would anyone else what you will find is that they will not be able to afford to pay tax based on their assests - I think they should contritube more, not necessarily be ruined though.
No it doesnt.
The basic principle is the same, but you're taking it to ad absurdum for one, when not considering the how home insurance works around not knowing exactly how much is in the home.
I'm not even sure what you're arguing. People shouldn't be able to give stuff to their children? You want everyone to work for their possessions? Seems pretty cruel on people who have difficulties.
That's completely unworkable and IMHO it's morally abhorrent. Some high flyer young exec is earning tons but blows it on coke and hookers shouldn't pay any tax? An old retired couple who have scrimped and saved to pay off their mortgage and live on a small pension should pay a load of tax?
If I buy a load of properties but mortgage them to the hilt, I can make a ton of income and not have any wealth to tax under your proposal. Why are you targeting good, dependable people?
You don't tell your insurers what you have in home, I've never had to do that. The only time you do is if something is particularly valuable. Even basic cover gives something like £20,000 worth of home content cover. A government wishing to collect taxes based on wealth can not do it by checking your insurance details.
So they make a general estimate you say?
He correctly believes it's unfair that some people have a fuck ton, and some others have so little. That being said, he's attacking the problem in a very traditional sense "If you have more, they should take more."
They assume everyone has the same content value. It's actually funny that you're using insurance (the GOAT of rent seeking industries) as your example of a new model for economic equality.
You have options what to choose, different packages usually starting from about 20,000. You can choose higher if you like. The only time you tell them what you have is when you need to claim, if you lied to get cheaper insurance your shit out of luck if the claim comes to more than 20k.
Can you think of no way to account for such things? I've already said a solution to one of your problems, regarding a retired couples house, but I'm not going to play wack-a-mole here. A white paper would need to be written to achieve rewriting the tax code, but it could be done fairly.
Yeah, tax income instead of wealth.
The thing is you can't do it fairly, even if you could make so most people are no worse off. The cost of administrating and enforcing such a tax system would probably absolve most if not all additional revenue generated by it.
The you have the fact that in order to enforce it effectively the government would have to snoop into the lives of every single person in the country. Imagine being in court on tax evasion because you forgot to tell the government you got a new laptop from the wife at Xmas.
M
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Which headline is better?
Prince Harry of Wales to wed American Meghan Markle.
Ex-Army Ginger to wed American Meghan Markle.
I say keep the monarchy intact.
Prince Harry of Wales to wed American Meghan Markle.
Ex-Army Ginger to wed American Meghan Markle.
I say keep the monarchy intact.
Sorry, friend but in this instance your opinion doesn't count.
M
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Stupid high tax rates and unelected officials. If my wife would move, I'd leave.
M
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Where would you go?
There are a couple spots I'd be interested in, but they're all in the United States of America.
Which one?Have you considered the Motherland?
England of course!
Fuck.
No.
You guys are worse off than we are. The only place lower on my list is Australia. That's not to say there isn't great people in both of those places, but the over reaching of unelected officials is what I'm trying to get away from.
M
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He'd have to give up his guns
I can gladly live without guns.