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Author Topic: The Grumpy Old Rant Room  (Read 150226 times)
Lord Byron
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« Reply #2715 on: 13:30:28, 17-08-2007 »

if they scrap the tax they will have to raise taxation elsewhere or cut back on services

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Milly Jones
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« Reply #2716 on: 13:31:04, 17-08-2007 »

live on a motorhome and spend yer cash on strippers ?

Smiley



Erm, no thanks.
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Lord Byron
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« Reply #2717 on: 13:34:53, 17-08-2007 »

live on a motorhome and spend yer cash on strippers ?

Smiley



Erm, no thanks.

i meant for meeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
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Lord Byron
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« Reply #2718 on: 13:35:33, 17-08-2007 »

Rich people always moan about IT, poor people moan less, perhaps rich people should give their money away if it causes so much hassle ?
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Baziron
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« Reply #2719 on: 13:40:31, 17-08-2007 »

I can't see them abolishing it.  It raises far too much revenue for them.  Those in the higher tax brackets are paying 40% on their earnings and 40% on their savings.  If they have more than one property and sell it they are taxed 40% capital gains and then when they die, after the £230,000.00 limit, they're taxed 40% again on the same assets with Inheritance Tax.  It's one thing to pay higher rate tax all your life on what you earn.  Ok - that's taken for granted -  but to be taxed all over again when you're dead for the same amount is disgusting.  People's families are penalised - they have to pay the IT before they can take any assets that remain and sometimes this means they have to sell their own homes to pay the IT before they can have what has been bequeathed to them.  It sometimes means they're worse off.  What is the point in working all your life to build up assets for your family - only to have it drained by the Government to pay for stuff like war in Iraq?  It's a disgrace.

Of course they won't abolish it - any more than they will fit rubber wheels to commuter trains!

Inheritance Tax has, surely, to be one of the most pernicious and deceitful "stealth" taxes ever activated by Gordon Brown (and his predecessor). They always knew full well a) that the "average" person would never even notice it (because "average" people were never in the past affected by it), and b) that by trapping more and more ordinary folk every year into paying it they would continue to receive the windfall.

Quote
"Prime Minister - The Treasury does not decide what it needs to spend before raising taxes - It pitches in for as much as it can get! If you start "giving money back" you will be ignoring centuries of tradition."

Sir Humphrey Appleby

In view of present trends, this statement may need some cynical revision!

Baz
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Lord Byron
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« Reply #2720 on: 13:42:32, 17-08-2007 »

Trick is to tax the rich more than the poor as they have less votes than the poor, or perhaps they should take the vote away from the poor,like in the past ?

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Lord Byron
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« Reply #2721 on: 13:50:57, 17-08-2007 »

Reform Act 1832 - extended voting rights to adult males who rented propertied land of a certain value, so allowing 1 in 7 males in the UK voting rights

Reform Act 1867 - enfranchised all male householders, so increasing male suffrage to the United Kingdom
Representation of the People Act 1884 - amended the Reform Act of 1867 so that it would apply equally to the countryside; this brought the voting population to 5,500,000, although 40% of males were still disenfranchised, whilst women could not vote

Between 1885-1918 moves were made by the suffragette movement to ensure votes for women. However the duration of the First World War stopped this reform movement. See also The Parliamentary Franchise in the United Kingdom 1885-1918.

Representation of the People Act 1918 - the consequences of World War I convinced the government to expand the right to vote, not only for the many men who fought in the war who were disenfranchised, but also for the women who helped in the factories and elsewhere as part of the war effort. Property restrictions for voting were lifted for men, who could vote at 21; however women's votes were given with these property restrictions, and were limited to those over 30 years old. This raised the electorate from 7.7 million to 21.4 million with women making up 40% of the electorate. Seven percent of the electorate had more than one vote. The first election with this system was the United Kingdom general election, 1918

Representation of the People Act 1928 - this made women's voting rights equal with men, with voting possible at 21 with no property restrictions


Representation of the Tories Acti 2015 - removed the vote from anyone whose house was worth less than 3 million.

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time_is_now
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« Reply #2722 on: 13:52:42, 17-08-2007 »

Lord B's longest ever post?! Wink

Truth is made to be changed. Or how are opinions to be got at?
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Baziron
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« Reply #2723 on: 13:55:09, 17-08-2007 »

Trick is to tax the rich more than the poor as they have less votes than the poor, or perhaps they should take the vote away from the poor,like in the past ?



You are behind the times m'Lord. They have ALWAYS taxed the rich more than the poor: a) because the rich had more taxable income (generating therefore more tax revenue), and b) because much more of their income could be taxed in the higher band.

The issue here, however (re IT) is that more and more less-than-rich people are being taxed as if (instead of being less-than-rich) they were rich.

Baz
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Morticia
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« Reply #2724 on: 13:55:54, 17-08-2007 »

Trick is to tax the rich more than the poor as they have less votes than the poor, or perhaps they should take the vote away from the poor,like in the past ?



Erm, precisely how do `the rich` have less votes than `the poor?  Take the vote away from `the poor`?  What century are you living in???   
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Tony Watson
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« Reply #2725 on: 14:26:09, 17-08-2007 »

You are behind the times m'Lord. They have ALWAYS taxed the rich more than the poor.

That's a bit simplistic. It all depends on how you measure it and which taxes you're talking about. Many taxes, such as VAT, are the same for everyone, however rich or poor, and so for the poor that represents a greater part of their money and in that sense they are taxed more than the rich.

And who is rich? I would say that anyone who owns a house worth more than £300,000 and another house that he will have to pay 40% tax on if he sells it is doing quite nicely. If we're going to have sympathy for people and the money they have, there must be more deserving causes we could begin with.

As Lord B says, scrap IT by all means, but you'll have to say which services you want to cut or else which taxes you would want to increase.
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thompson1780
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« Reply #2726 on: 14:50:48, 17-08-2007 »

Lord B's longest ever post?! Wink

And he wrote it all himself.......  Huh

http://en.wikipedia.org/wiki/Suffrage

Tommo
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Made by Thompson & son, at the Violin & c. the West end of St. Paul's Churchyard, LONDON
time_is_now
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« Reply #2727 on: 15:08:31, 17-08-2007 »

Lord B's longest ever post?! Wink

And he wrote it all himself.......  Huh
Hence my "wink", Tommo!

I may look stupid but I'm not that stupid ... Smiley
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The city is a process which always veers away from the form envisaged and desired, ... whose revenge upon its architects and planners undoes every dream of mastery. It is [also] one of the sites where Dasein is assigned the impossible task of putting right what can never be put right. - Rob Lapsley
Kittybriton
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Thank you for the music ...


WWW
« Reply #2728 on: 15:28:49, 17-08-2007 »

Rich people always moan about IT, poor people moan less, perhaps rich people should give their money away if it causes so much hassle ?

Money is the root of all evil. So give it to me and let me spare you all the misery. I would be honored to suffer in your stead.

I may look stupid but I'm not that stupid ... Smiley

so how stupid are you?  Grin

(I'm not a complete idiot. I'm only a halfwit)
« Last Edit: 15:33:50, 17-08-2007 by Kittybriton » Logged

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No, I'm not a complete idiot. I'm only a halfwit. In fact I'm actually a catfish.
Morticia
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« Reply #2729 on: 15:32:50, 17-08-2007 »

Pleased to see that you`ve got your vowels back in working order, tinners.  Grin Grin
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