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[Other Sport] Do we expect too much of the rich?

Do we expect too much of the rich?

  • Yes

    Votes: 14 29.8%
  • No

    Votes: 33 70.2%

  • Total voters
    47


crodonilson

He/Him
Jan 17, 2005
14,046
Lyme Regis
???
 










Shropshire Seagull

Well-known member
Nov 5, 2004
8,758
Telford
Those with little, usually want more.
Those with lots, usually want to keep it.
Human nature in'it?

I give a little to those worse off than me, but only where they aren't able to better themselves due to e.g. being disabled by unavoidable circumstances. I give to some charities and I'm a volunteer guide dog fosterer. But I wouldn't give money to a beggar without understanding how they got into their predicament.

I don't expect the rich to give to the poor, but it's nice when they do (I'm not rich BTW).
 












KZNSeagull

Well-known member
Nov 26, 2007
21,028
Wolsingham, County Durham
The only expectation I have on the rich is that they pay the tax that they are supposed to, irrespective of the amount. There was a report this morning that the richest 60 people in this country paid something like £3bn in income tax last year. If that is the correct amount that they should have paid then all's good.

 


jonny.rainbow

Well-known member
Oct 29, 2005
6,839
Do the rich expect too much of the poor?

It wasn’t that long ago that we worked out who the ‘essential’ workers in our society were.

Hedge fund managers and investment bankers would quickly see their castles in the clouds tumble without the work of those poorer propping them up.
 


abc

Well-known member
Jan 6, 2007
1,345
what are you classing as rich?

To most people rich means someone who has more than they do. Hence the regular mantra of ‘tax the rich’ which's actually means ‘don’t tax me, just who anyone earns more than me’.
 
Last edited:




abc

Well-known member
Jan 6, 2007
1,345
The only expectation I have on the rich is that they pay the tax that they are supposed to, irrespective of the amount. There was a report this morning that the richest 60 people in this country paid something like £3bn in income tax last year. If that is the correct amount that they should have paid then all's good.


I think that’s a very fair point. Tax mitigation means minimising one’s tax within the rules. If that enables the super rich to pay less tax than the HMRC would like, then change the rules. Tax avoidance, however, is illegal and the rules should be enforced.
 


The Antikythera Mechanism

The oldest known computer
NSC Patron
Aug 7, 2003
8,053
I think that’s a very fair point. Tax mitigation means minimising one’s tax within the rules. If that enables the super rich to pay less tax than the HMRC would like, then change the rules. Tax avoidance, however, is illegal and the rules should be enforced.
Tax avoidance isn’t illegal, Tax evasion is.
 








Harry Wilson's tackle

Harry Wilson's Tackle
NSC Patron
Oct 8, 2003
55,703
Faversham
Are you having an existential crisis, @crodonilson ?

No need to feel guilty about your wealth and dilettante lifestyle. It is what it is :shrug:
 


Mustafa II

Well-known member
Oct 14, 2022
1,776
Hove
Time for a wealth tax.

Nobody should be worth 8 figures or more and be subjected to more or less the same taxes as the rest of us.

Leave high earners alone though (£100k-£200kers), as they provide crucial skills in society and the economy and they already pay enough tax.
 


abc

Well-known member
Jan 6, 2007
1,345
Time for a wealth tax.

Nobody should be worth 8 figures or more and be subjected to more or less the same taxes as the rest of us.

I don’t (☹️) but why? They pay far more tax than us assuming they pay what they should. What’s the problem apart from envy?
 




Paulie Gualtieri

Bada Bing
NSC Patron
May 8, 2018
10,503
I think that’s a very fair point. Tax mitigation means minimising one’s tax within the rules. If that enables the super rich to pay less tax than the HMRC would like, then change the rules. Tax avoidance, however, is illegal and the rules should be enforced.
I think you mean tax evasion as tax avoidance is legal

Edit - already covered 👍🏻
 
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