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sirjimmyglass wrote: Looking forward to digging this thread back up when Brexit gets cancelled and the 'scruffy [censored]' protesting are those who are complaining at this.
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Laffy wrote: I’m very much in favour of a living basic income and I think at lower levels, having a roof and putting food on the table is more important than the connection between tax and responsibility
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Bruntonpasty wrote: So, let me get this right, Bezos starts a business with an idea that eventually grows into something massive and you believe he doesn't have the right to hold onto the profits? He should pay tax, in fact a lot of tax but, I don't believe anyone has the right to cap what he earns in HIS business, that's just madness.
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Laffy wrote: Kessler
Whats the communist view on Hays Travel?They are successful guys and just plundered the mess left by Thomas Cook and saved thousands of jobs.
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Bruntonpasty wrote: So, what if your idea came into play and Jeff says "sod this, Im shutting Amazon down".
Bruntonpasty wrote: Like it or not, Bezos had a good idea that grew massively and provides employment for many people. Yes, some of those people make much much less money than him, but they didn't have the idea did they?
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Bruntonpasty wrote: So, let me get this right, Bezos starts a business with an idea that eventually grows into something massive and you believe he doesn't have the right to hold onto the profits? He should pay tax, in fact a lot of tax but, I don't believe anyone has the right to cap what he earns in HIS business, that's just madness.
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Markovitch wrote:
Bruntonpasty wrote: So, let me get this right, Bezos starts a business with an idea that eventually grows into something massive and you believe he doesn't have the right to hold onto the profits? He should pay tax, in fact a lot of tax but, I don't believe anyone has the right to cap what he earns in HIS business, that's just madness.
Amazon loses money
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Mush wrote: Getting back to the environment topic, there's plenty of firms pumping god knows what into the environment locally, Innovia at Wigton to name one. You can smell that place at Thursby!
There's the 'Penrith pong' and what could in the sea and rivers near Sellafield?
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Kessler wrote:
Bruntonpasty wrote: So, what if your idea came into play and Jeff says "sod this, Im shutting Amazon down".
I don't think he would, but if he did then fine. That would leave a gap that other businesses can fill.
Bruntonpasty wrote: Like it or not, Bezos had a good idea that grew massively and provides employment for many people. Yes, some of those people make much much less money than him, but they didn't have the idea did they?
He did have a good idea and I think it's fair that he profits from that. It's the scale of the profit that I think is wrong. He has taken more risk than the average employee, and he's worked harder at building a business empire than the average employee, but he hasn't done the equivalent of millions of years worth of work which is what you'd need to do to earn billions. So if he has that much wealth despite not earning all of it, that means people are being exploited and denied their fair share. It's exploitation. If a thief stole your wallet, does he deserve to keep the money? Has he "earned" that money because he came up with an idea and took risks that you didn't? Bezos is not a thief in the legal sense of the word and I accept that his business practices are legal. But morally I think they are wrong.
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Bruntonpasty wrote:
Markovitch wrote:
Bruntonpasty wrote: So, let me get this right, Bezos starts a business with an idea that eventually grows into something massive and you believe he doesn't have the right to hold onto the profits? He should pay tax, in fact a lot of tax but, I don't believe anyone has the right to cap what he earns in HIS business, that's just madness.
Amazon loses money
I’m not sure I see the relevance of that? Man has idea.
Man starts business which gets big.
Man makes himself a lot of money.
You say his business loses money?
He still trades.
His staff still get paid.
?
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franksidebottom wrote: The single most nonsensical post I have ever read on here Kessler, comparing a bloke who set up and runs a successful business to a thief who stole your wallet? Really?
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munchymagic wrote: You proudly boasted a new car fairly recently did you not Kes
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Laffy wrote: I’ve decided Kessler that you are totally unemployable by any private company-you would be trouble with a capital T.
Laffy wrote: When you describe higher taxation as ordinary workers taking back some of what they created, do you realise that governments don’t create wealth-they spend it!!
Laffy wrote: I spent 15 years at PWC in the tax sector-I met many successful wealth and job creators.Not one asked me to increase their or their company’s tax bill.They did however ask many times to find ways of handing value to their employees in a tax efficient way eg share options.I met no employee who said ‘please organise things so that I pay the highest rate of tax on my options’-the question was always ‘can you get my tax rate down to 10pc’
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Kessler wrote:
Laffy wrote: I’ve decided Kessler that you are totally unemployable by any private company-you would be trouble with a capital T.
You don't really have a say in that though.
Laffy wrote: When you describe higher taxation as ordinary workers taking back some of what they created, do you realise that governments don’t create wealth-they spend it!!
Yes, Corbyn wants to spend that money helping those on lower incomes. The working class create the wealth, all Corbyn wants to do is ensure they get a fair share of that wealth. How can it be greedy to ask for something which already belongs to you?
Laffy wrote: I spent 15 years at PWC in the tax sector-I met many successful wealth and job creators.Not one asked me to increase their or their company’s tax bill.They did however ask many times to find ways of handing value to their employees in a tax efficient way eg share options.I met no employee who said ‘please organise things so that I pay the highest rate of tax on my options’-the question was always ‘can you get my tax rate down to 10pc’
I think we agree on the general principle of profit sharing but the devil is in the details. Share options are good, but I think there should be a maximum wage linked to how much risk and work the CEO does compared to the average worker. But nobody "earns" $150 billion. If people have that much then they are exploiting their workers and denying them a fair share.
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Laffy wrote: Kessler-the good thing about the private sector is we do still have a choice around who we employ
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Laffy wrote: Kessler-the good thing about the private sector is we do still have a choice around who we employ.Your views are unlikely to endear yourself though you might have a chance of employment with the public sector.
Giving Corbyn a load of cash to spread about is a version of a theory called ‘helicopter’-basically drop money from the sky in the hope some of it sticks and isn’t just blown away by the general public.A version of that is the £50bn that has been recycled in the PPI scandal but how much of it has been ‘invested’ in wealth creation rather than just spent on holidays or a new kitchen?
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Kessler wrote:
Laffy wrote: Kessler-the good thing about the private sector is we do still have a choice around who we employ
That's only true up to a point. There are certain things you can't discriminate on and I know of at least one case where an employee successfully argued their socialist beliefs counted as protected under the Equality Act. If I suspected that was the reason you refused to hire me then I'd be asking for an explanation. I don't have experience running a business like you do, but isn't it true that companies do best when they hire the best people for the job? Even if that means your workforce has a huge range of political beliefs.
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Mullen103 wrote: I've worked in both the private and public sectors and not once during an interview have i been asked about my political beliefs , so i've no idea how they'd find out unless they do an in depth search of you to find anything. The questions i've been asked is whether you can do the job or not.
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CCU wrote: What if the hiring company is a Political Party?!
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Mullen103 wrote:
CCU wrote: What if the hiring company is a Political Party?!
I'd imagine you'd be asked, but I wouldn't imagine a supporter of the Brexit party wanting to work for the lib Dems wanting to keep us in the EU.
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CCU wrote:
Mullen103 wrote:
CCU wrote: What if the hiring company is a Political Party?!
I'd imagine you'd be asked, but I wouldn't imagine a supporter of the Brexit party wanting to work for the lib Dems wanting to keep us in the EU.
What if it was say an IT or clerical role, where your political persuasion wouldn’t really matter (Obviously most folk applying would likely be a supporter but you never know)?
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Kessler wrote:
Mullen103 wrote: I've worked in both the private and public sectors and not once during an interview have i been asked about my political beliefs , so i've no idea how they'd find out unless they do an in depth search of you to find anything. The questions i've been asked is whether you can do the job or not.
And that's all they should be concerned about. Political beliefs are not relevant, all that matters is can you do the job and would you be better at it than other candidates. If businesses only recruit people who share their political beliefs then they are losing out on a lot of talent. In a competitive free market, a business who refuses to hire the best person for the job won't perform as well as business who do.
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Laffy wrote: I’ve decided Kessler that you are totally unemployable by any private company-you would be trouble with a capital T.
When you describe higher taxation as ordinary workers taking back some of what they created, do you realise that governments don’t create wealth-they spend it!!
I spent 15 years at PWC in the tax sector-I met many successful wealth and job creators.Not one asked me to increase their or their company’s tax bill.They did however ask many times to find ways of handing value to their employees in a tax efficient way eg share options.I met no employee who said ‘please organise things so that I pay the highest rate of tax on my options’-the question was always ‘can you get my tax rate down to 10pc’
I did meet many entrepreneurs who didn’t want to pay any tax on the basis that they rolled over all their gains into new businesses, only paying tax on personal income.I think that is exactly how the tax system should work for risk takers.
Wake up Kessler or the world will pass you by.
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thesilentone wrote: A hard working class guy, sets up his own business, makes a few bob, gets married , has kids, life is great.
Buy's a new home, and car, the kids are well looked after, do well at school and follow in Dad's foot-steps, the business grows, they end employing 100's of people.
Get a bigger house and a holiday home in Spain, all is great for them.
Suddenly Dad kicks the bucket, big funeral, Mum's devastated but well looked after for the rest of her days.
So, mum is lefts in a very large house, lots of money,( way more than she needs) kids are well catered for.
Do you think Mum has to much ?
Should she be kicked out of the large property and given a small (but nice) bungalow ?
Should she give her vast cash pile away, and to who, and just be left with enough to live ' comfortably ' ?
I await you answers with interest...........
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Kessler wrote:
thesilentone wrote: A hard working class guy, sets up his own business, makes a few bob, gets married , has kids, life is great.
Buy's a new home, and car, the kids are well looked after, do well at school and follow in Dad's foot-steps, the business grows, they end employing 100's of people.
Get a bigger house and a holiday home in Spain, all is great for them.
Suddenly Dad kicks the bucket, big funeral, Mum's devastated but well looked after for the rest of her days.
So, mum is lefts in a very large house, lots of money,( way more than she needs) kids are well catered for.
Do you think Mum has to much ?
Should she be kicked out of the large property and given a small (but nice) bungalow ?
Should she give her vast cash pile away, and to who, and just be left with enough to live ' comfortably ' ?
I await you answers with interest...........
In my opinion it would depend on what her contribution was. How was he able to spend so much time building a business when there was kids at home to be looked after? Was the mum providing free childcare for the kids which meant the dad was able to spend more time running the business which meant more income for them? If so then I think they have both contributed to earning that wealth.
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thesilentone wrote: So, cutting all the blurb you have changed your post to, any chance of answers to the questions. Oh, and just to test you even further, when Mum finally turns her toes up, who should get the House's, car's, loot etc etc ??
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thesilentone wrote: What, you would allow those wealthy children to inherit even more wealth and assets, maybe expand the business further, take on more staff and get even richer ?
Surely not........
What about, say giving a million to the local footy club or summat ?
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