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   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

28 Nov 2012 08:18 AM   |   10797 clicks   |   Telegraph
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Cythraul     
This is why we should just raise an army of the people, arrest them, and take what they have. Maybe even find a final solution for these pests later on.

28 Nov 2012 08:20 AM
lucksi     
Put them on the terrorist and no fly list and deny them entry. That is what I would do.

28 Nov 2012 08:21 AM
drb9     
Isn't the other possibility that 2/3rds of the UK's millionaires made significantly less money this year than last? It's a crappy economy.

28 Nov 2012 08:22 AM
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.

28 Nov 2012 08:22 AM
IamKaiserSoze!!!     
I'm sure that won't happen here

More free shiat for everybody!

28 Nov 2012 08:22 AM
digistil     
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.

28 Nov 2012 08:23 AM
Lord Summerisle     
They all left? Good. Piss off, you psychopathic bastards.

28 Nov 2012 08:25 AM
swahnhennessy     
What's English-English for "Screw you, I got mine"?

28 Nov 2012 08:25 AM
Life_is_a_carnivore     

28 Nov 2012 08:26 AM
James F. Campbell     
FTA: 50p

What the fark am I reading?

28 Nov 2012 08:26 AM
padraig     
That a bunch of fine upstanding citizens. During WWII, they would have left the country, because the war would have cost them too much.

28 Nov 2012 08:26 AM
incendi    [TotalFark]  

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


English... fast becoming a foreign language.

28 Nov 2012 08:27 AM
thecpt     

James F. Campbell: FTA: 50p

What the fark am I reading?


That's going to look really shiatty on my 1080p monitor.

28 Nov 2012 08:28 AM
Phil Moskowitz     
And you shiatheads are arguing over the torygraph. That's fascinating.

28 Nov 2012 08:29 AM
MarkEC    [TotalFark]  
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?

28 Nov 2012 08:29 AM
ampoliros     
And here we are talking about allowing a (supposedly) temporary tax cut of 2% to expire and still allowing massive deductions. My God, what are we thinking?

28 Nov 2012 08:29 AM
digistil     

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


Read the article. It turns out that when the recession was worst in the UK, far fewer people were earning seven figures. The number of people making at least seven figures has since rebounded while taxes have remained the same, but forget about that because it doesn't tell the story Rupert wants (this is one of his flagship papers).

28 Nov 2012 08:30 AM
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.

28 Nov 2012 08:32 AM
The Ghost of Tom Ace     

drb9: Isn't the other possibility that 2/3rds of the UK's millionaires made significantly less money this year than last? It's a crappy economy.


[notsureifserious.jpg]

28 Nov 2012 08:32 AM
Gulper Eel    [TotalFark]  

digistil: but forget about that because it doesn't tell the story Rupert wants (this is one of his flagship papers).


That's the Sydney Telegraph you're thinking of.

Rupert's UK papers are the Times and the Sun.

28 Nov 2012 08:33 AM
GoodyearPimp     
Answer: Raise the top tax rate in all countries. Let "the rich" move to Somalia if they are really moving to escape taxes.

28 Nov 2012 08:33 AM
Lee Jackson Beauregard     

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

Read the article. It turns out that when the recession was worst in the UK, far fewer people were earning seven figures. The number of people making at least seven figures has since rebounded while taxes have remained the same, but forget about that because it doesn't tell the story Rupert wants (this is one of his flagship papers).


The Smellograph is a right wing propaganda rag, but it doesn't belong to Murdoch. You might be thinking of the Sun and the London Times.

28 Nov 2012 08:34 AM
Dadoody     
3.bp.blogspot.comView Full Size


Whoop. He's starting to shrug.

28 Nov 2012 08:34 AM
DammitIForgotMyLogin    [TotalFark]  

digistil: but forget about that because it doesn't tell the story Rupert wants (this is one of his flagship papers).


No, it's not. The Telegraph is owned by the Barclay Brothers.

Don't worry too much thought, they're just as coonty as Rupert.

28 Nov 2012 08:35 AM
MarkEC    [TotalFark]  

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

Read the article. It turns out that when the recession was worst in the UK, far fewer people were earning seven figures. The number of people making at least seven figures has since rebounded while taxes have remained the same, but forget about that because it doesn't tell the story Rupert wants (this is one of his flagship papers).


Huh?

FTA: "However, the number of million-pound earners is still far below the level recorded even at the height of the recession and financial crisis. "

28 Nov 2012 08:35 AM
Lee Jackson Beauregard     

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.comView Full Size

28 Nov 2012 08:36 AM
Lord Summerisle     
Been working and paying a large chunk of my salary in tax and NI since I was 17, chum. Which is more than most of these rich coonts can say, most of whom owe their wealth to being born into the privileged classes and who use the loopholes and tax havens provided for them to avoid paying their share.

28 Nov 2012 08:37 AM
Alonjar     
*shrug* weak laws allowed this. I would be willing to bet that those people who "no longer live in Britain" are still drawing income and benefits of British citizenship from there.

28 Nov 2012 08:39 AM
Buffalo77     
ampoliros




And here we are talking about allowing a (supposedly) temporary tax cut of 2% to expire and still allowing massive deductions. My God, what are we thinking?


No we are talking about raising tax rates.

As Buffett implied, its really a punitive measure made to make less successful people feel better about themselves.

28 Nov 2012 08:39 AM
Buffalo77     
Lord Summerisle


Been working and paying a large chunk of my salary in tax and NI since I was 17, chum. Which is more than most of these rich coonts can say, most of whom owe their wealth to being born into the privileged classes and who use the loopholes and tax havens provided for them to avoid paying their share.



Sorry your Lordship but you are clueless. "The privileged class", really.

28 Nov 2012 08:43 AM
Dadoody     
Taxes need to be reasonable all around.

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.

In the United States, our tax monies go into fruitless military expenditures, high pensions and lavish lifestyles of many people on the government's dole, while our roads, dams, and infrastructure are falling into disrepair.

28 Nov 2012 08:44 AM
Tatterdemalian     
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

28 Nov 2012 08:45 AM
netcentric     
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.

28 Nov 2012 08:48 AM
Pinko_Commie     

James F. Campbell: FTA: 50p

What the fark am I reading?


50 pence.

As in 50 pence in every pound.

Basically 50% income tax on all income above £150,000

28 Nov 2012 08:48 AM
Arkanaut    [TotalFark]  
I guess they'll be moving to Slovakia, the Czech Republic, Estonia or Poland? Why didn't they do that already?

Top marginal combined personal incomes tax rates in OECD countries (Excel file download)

28 Nov 2012 08:50 AM
Vegan Meat Popsicle     

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?

28 Nov 2012 08:52 AM
Crewmannumber6     
Bono heard saying 'There goes the neighborhood'.

/He hides his money in Cyprus, then criticizes people for not doing their fair share.

28 Nov 2012 08:52 AM
digistil     

Gulper Eel: digistil: but forget about that because it doesn't tell the story Rupert wants (this is one of his flagship papers).

That's the Sydney Telegraph you're thinking of.

Rupert's UK papers are the Times and the Sun.


Doh, you're right, I was thinking of the Times, not the Telegraph.

28 Nov 2012 08:52 AM
bluefoxicy     

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


So, back when you couldn't get $8/hr at Best Buy, fast food was paying $6.50/hr, K-mart you could get $7.50... Wal-Mart was paying cashiers and backroom stock boys $11/hr and benefits. Wal-Mart always had the best retail wages, but everyone complains they don't pay a decent wage. WTF?

28 Nov 2012 08:52 AM
digistil     

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

Read the article. It turns out that when the recession was worst in the UK, far fewer people were earning seven figures. The number of people making at least seven figures has since rebounded while taxes have remained the same, but forget about that because it doesn't tell the story Rupert wants (this is one of his flagship papers).

Huh?

FTA: "However, the number of million-pound earners is still far below the level recorded even at the height of the recession and financial crisis. "


The numbers have been climbing back since their economy hit rock bottom. Did I miss something else?

28 Nov 2012 08:55 AM
Arkanaut    [TotalFark]  

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.

28 Nov 2012 08:56 AM
david_gaithersburg     
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.

28 Nov 2012 08:56 AM
generallyso     
I believe the expression is, good riddance to bad rubbish.

28 Nov 2012 08:56 AM
Marcintosh     
Let them leave and be glad they're gone. Have them take all their schitt too. Believe me, the rich currently do not contribute to the world in almost any sense. Their money has already left long before the people that own it left.

They're clogging our roads with their delivery trucks, they're taking our shared natural resources for their own personal profit, they're polluting our water and air with their chemical effluent.

They drank your milkshake

28 Nov 2012 08:58 AM
Z-clipped     

onyxruby: Flat tax 20 regardless of income source. No penalty for success, fair for everyone.


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. Progressive taxation is the only system that can take into account externalities and the increased benefit the wealthy receive from the social contract.

Screw your Flat/"Fair" Tax nonsense.

28 Nov 2012 08:59 AM
Thorak     
This is why you change income/capital gains taxes such that they come off the top at the source; employers have to dock the income tax automatically, or investors have to pay capital gains tax on the dividends they pay out.

Then it doesn't matter WHERE the bastards are. If they invest in any company in Britain, or are in any British company's employ, they're taxed.

And to prevent those companies moving overseas to more tax-friendly nations, you impose tariffs on their goods and services that are even higher.

If the market will generate a reduced profit, they'll suck it up and accept it. That's why pharmaceutical companies still do business in Canada, even though we lobby and legislate for significantly lower price points than American insurance companies do. Sure, they can sell the same pill for 3x the price south of the border, but they still sell them here, because they still make some profit.

28 Nov 2012 08:59 AM
MarkEC    [TotalFark]  

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

Read the article. It turns out that when the recession was worst in the UK, far fewer people were earning seven figures. The number of people making at least seven figures has since rebounded while taxes have remained the same, but forget about that because it doesn't tell the story Rupert wants (this is one of his flagship papers).

Huh?

FTA: "However, the number of million-pound earners is still far below the level recorded even at the height of the recession and financial crisis. "

The numbers have been climbing back since their economy hit rock bottom. Did I miss something else?


It says the numbers at the worst point in the recession were higher than today. Yes they are climbing, but not even back to that level yet.

28 Nov 2012 09:01 AM
LouDobbsAwaaaay     
If they already shelter their money offshore Romney-style and pay a lower tax percentage than what is left of the middle class, then why would even want to harbor them? They contribute nothing, and they draw more public resources as they take advantage of every public service and bend it to their will. They're the very definition of "takers".

28 Nov 2012 09:02 AM
jpo2269     
How UnAmerican, maybe if they were reminded that they "need to pay their fair share" all will be ok..

28 Nov 2012 09:02 AM
thecpt     

Arkanaut: I guess they'll be moving to Slovakia, the Czech Republic, Estonia or Poland? Why didn't they do that already?

Top marginal combined personal incomes tax rates in OECD countries (Excel file download)


Cool file. Totes moving to Estonia to be a job creator. And hopefully mack on eastern European chicks.

/that income line is depressing.

28 Nov 2012 09:02 AM
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