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Banning Billionaires

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By *ssex_tom OP Man over a year ago

Chelmsford

Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so.

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By *rwhowhatwherewhyMan over a year ago

Aylesbury

Not banned, just their excess assets stripped away and given to the people. Failing that they will be first against the wall when the great revolution begins

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By *rumpyMcFuckNuggetMan over a year ago

Den of Iniquity

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so."
Banned from what ??

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By *rwhowhatwherewhyMan over a year ago

Aylesbury

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so. Banned from what ??"

In this context I'm guessing the country.

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By *risky_MareWoman over a year ago

...Up on the Downs

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so."

They used to say millionaires, but now most of the Labour front bench ARE millionaires, they had to up the anti....

#forthemanybutnotus

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By *rwhowhatwherewhyMan over a year ago

Aylesbury

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so.

They used to say millionaires, but now most of the Labour front bench ARE millionaires, they had to up the anti....

#forthemanybutnotus"

#thisisnttwitter

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By *ssex_tom OP Man over a year ago

Chelmsford

I think they mean asset stripped..

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By (user no longer on site) over a year ago

Why should they have their assets stripped?

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By *rwhowhatwherewhyMan over a year ago

Aylesbury

"Why should they have their assets stripped?"

Redistribution of wealth

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By *ssex_tom OP Man over a year ago

Chelmsford

To make a fairer society apparently

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By *rumpyMcFuckNuggetMan over a year ago

Den of Iniquity

If they've worked bloody hard to get where they are , and treat there employees well , then good luck to them

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By (user no longer on site) over a year ago

"Why should they have their assets stripped?

Redistribution of wealth"

No, this should never happen

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By (user no longer on site) over a year ago

If they can get to be billionaires whilst paying their workers a decent wage, making sure they have enough staff so their workers aren't doing the jobs of 3 or more people and just treat them like actual human beings, then I don't care... But I am pretty sure these people are only in their position because of major exploration of others, in one way or another

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By (user no longer on site) over a year ago

Not sure really I assume there are the majority who made their billions through legitimate means although I do however disagree with the hoarding of a nations finances to be placed into offshore accounts and think there should be a lot more transparency as to where that money came from unlike what the Tories are trying to pull just now.

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By (user no longer on site) over a year ago

"If they can get to be billionaires whilst paying their workers a decent wage, making sure they have enough staff so their workers aren't doing the jobs of 3 or more people and just treat them like actual human beings, then I don't care... But I am pretty sure these people are only in their position because of major exploration of others, in one way or another"

*exploitation... Bloody autocarrot!

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By *isaAndNicoleTransTV/TS over a year ago

Southport / Ellesmere Port

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so."

He hasn't said that at all. Have you been reading the Daily Mail?

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By *rwhowhatwherewhyMan over a year ago

Aylesbury

"Why should they have their assets stripped?

Redistribution of wealth

No, this should never happen"

Why? Can the poor not be trusted with all that extra cash?

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By *rwhowhatwherewhyMan over a year ago

Aylesbury

*exploitation... Bloody autocarrot! "

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By *ilkenWoman over a year ago

Manchester

They tried to do something similar in the 70s and most went into tax exile paying even less to the UK pot I have no reason to think it wouldn't happen again.

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By *isaAndNicoleTransTV/TS over a year ago

Southport / Ellesmere Port

Maybe he meant Billionaires should be banned from Fabswingers?

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By *oggoneMan over a year ago

Derry

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so."

It is touching you have such concern for the super rich, I'm sure they appreciate your concern.

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By *ssex_tom OP Man over a year ago

Chelmsford

Apparently there are 153 UK billionaires ...

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By *ssex_tom OP Man over a year ago

Chelmsford

Not sure how many in Ireland though. Definity not many in Wales I guess but a few in Scotland I would imagine

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By (user no longer on site) over a year ago

"Not sure how many in Ireland though. Definity not many in Wales I guess but a few in Scotland I would imagine"

Scotland isn’t “allowed” any so they say in Westminster

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By *wisted999Man over a year ago

North Bucks

Strip assets remove any motivation to create that amount of money and the benefits that it brings nope.

Just make the big corporations and individuals pay tax properly.

It was one persons opinion anyway on a radio show. No need for the Fab Billionaires to up sticks and head to the nearest tax haven just yet.

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By *ara JTV/TS over a year ago

Bristol East

This is what he said:

“There are 150 billionaires in the UK while 14 million people live in poverty. In a fair society there would be no billionaires and no one would live in poverty.”

I don't see the word ban anywhere - just a desire for a more even distribution of wealth across the country.

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By (user no longer on site) over a year ago

This. It's completely fucked up for people like Jeff Bezos to have so much money that he and his family would never be able to spend yet there are people dying of hunger, lack of clear water, healthcare and the Amazon workers are exploited with the company paying 0, literally 0 taxes.

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By *ssex_tom OP Man over a year ago

Chelmsford

I personally disagree with the government definition of poverty. Poverty to me is having virtually no food, clothing or decent sanitation.

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By (user no longer on site) over a year ago

"I personally disagree with the government definition of poverty. Poverty to me is having virtually no food, clothing or decent sanitation. "

So you’d want the government to wait until people are in those situations before they do anything about it?

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By *ssex_tom OP Man over a year ago

Chelmsford

"I personally disagree with the government definition of poverty. Poverty to me is having virtually no food, clothing or decent sanitation.

So you’d want the government to wait until people are in those situations before they do anything about it?"

Oh not at all...

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By *ightkitty4uWoman over a year ago

Epsom

I am a Monopoly Billionaire

If they are stripped of their wealth and it is evenly distributed to the many, then we are becoming communists, just like in Cuba...

Go to Cuba see a communist country, see how a person looks at you then looks at the 1 Cuc (50p) you gave him for helping you when you was lost. I have never seen anyone look at that coin the way he did. Not a single child when you gift them money nor a homeless person, I will never forget that moment.

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By (user no longer on site) over a year ago

"This is what he said:

“There are 150 billionaires in the UK while 14 million people live in poverty. In a fair society there would be no billionaires and no one would live in poverty.”

I don't see the word ban anywhere - just a desire for a more even distribution of wealth across the country.8

The problem is media paints JC as a loony lefty so people automatically assume he is. But if you stop and listen to his actual words, he keeps talking sense!!

I suppose we have a natural aversion to politicians who want a fair inclusive society where disputes are resolved with words not bullets, and government money is spent on self funding projects like utilities, social housing etc.

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By (user no longer on site) over a year ago

Yeah!

Ban anyone earning more money than me *shakes fist*

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By *ssex_tom OP Man over a year ago

Chelmsford

I will say one thing though..

I admire hard work, determination and sacrifice to earn a good living. I don't admire lazy, layabouts moaning and expecting to fall in their lap..

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By *oggoneMan over a year ago

Derry

"I personally disagree with the government definition of poverty. Poverty to me is having virtually no food, clothing or decent sanitation. "

Well that is your opinion. It is a much broader issue than that. If your expectations of a just society with equal opportunity and social mobilty that people are clothed, not starving and access to clean water, thats pretty low. What about access to health and education, should that just be for those that can pay?

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By (user no longer on site) over a year ago

"Amazon workers are exploited with the company paying 0, literally 0 taxes."

Another media myth, they may be bad employers, but people choose to work for them. And they pay all due taxes, in the UK that is the VAT and paye on all employees wages, and rates etc. On all UK properties. However the corporation is based in Luxembourg so the corporation tax is paid there.

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By *ssex_tom OP Man over a year ago

Chelmsford

I am not convinced that the government want social mobility. They want a person from a poor background to be able to become a doctor or dentist but never to break into the ruling classes, that privilege is theirs

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By *adame 2SwordsWoman over a year ago

Victoria, London

Does it work in reverse, would someone like my debts?!

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By (user no longer on site) over a year ago

Sounds like communism to me...

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By *isaAndNicoleTransTV/TS over a year ago

Southport / Ellesmere Port

"Sounds like communism to me..."

Possibly could be if any of it was true

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By (user no longer on site) over a year ago

Hardly any billionaires are made though, you could earn 100k a year tax free and wouldn’t be a billionaire in this lifetime. The vast majority of billionaires are born into wealth.

The fact there is people in this country that could literally never spend all of their wealth whilst there’s kids starving is disgusting

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By (user no longer on site) over a year ago

Ppl should be banned from banning things. Or would that mean that bans were then unbanned......?

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By *aitonelMan over a year ago

Travelling

Banning, no. That would be stupid.

It needs to be more difficult for "the rich get richer" to be a thing while "the poor get poorer" is also happening.

Its not easy to achieve but it definitely needs to be a target.

Nurses using food banks, people starving and homeless while some rich guy gets to do a Scrooge Mcduck in his vault of money... They could live their entire life and not spend it all.

Very few billionaires are actually earning their own money at this point anyway, it is usually they have been born in to wealth and they reap the benefits of that.

Usually through owning or having shares in some big company exploiting their customers through questionable practices.

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By (user no longer on site) over a year ago

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so."

What, the wealthy, land owning Mr. Corbyn, with his millionairess coffee empire owning Mrs. is envious of someone with more money than him?

Well I never

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By *hatYorkLadMan over a year ago

York

"Not banned, just their excess assets stripped away and given to the people. Failing that they will be first against the wall when the great revolution begins

Who decides what is excess to them? And why should anyone strive to be successful if the state punishes you for it?

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By (user no longer on site) over a year ago

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so.

What, the wealthy, land owning Mr. Corbyn, with his millionairess coffee empire owning Mrs. is envious of someone with more money than him?

Well I never

Corbyn net worth £3m

Moggs net worth £55m plus his investment company £150m

Corbyn should totally be sorted out or something

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By (user no longer on site) over a year ago

So this thread basically is

Jeremy Corbyn - billionaires shouldn’t exist

People who make 30k a year - how dare you , fuck you corbyn lmao the irony

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By *a LunaWoman over a year ago

South Wales

No. In a nutshell

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By (user no longer on site) over a year ago

Let's just ban Jeremy Corbyn from the Country!

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By *otsossieMan over a year ago

local, but not too local

I’m sure there’s an easy way to ensure your assets aren’t your assets.

Billionaires are rich enough to hire experts to allow them to avoid the rules, which is what causes the resentment in the first place.

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By (user no longer on site) over a year ago

Money isn't the issue! Greed and envy are...

What people need to do is be kind! And not their "in my comfort zone " kindness, but stuff that means you have to actually sacrifice yourself kindness.....giving time !

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By (user no longer on site) over a year ago

No, this country gives enough hand outs.

I don't care about your situation, do what you can to make it work. I do

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By *ssex_tom OP Man over a year ago

Chelmsford

There is not much real true poverty in this country imo.

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By (user no longer on site) over a year ago

"Why should they have their assets stripped?

Redistribution of wealth

No, this should never happen

Why? Can the poor not be trusted with all that extra cash?"

No, that's why they're poor, trust me, I'm one of them.

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By *oggoneMan over a year ago

Derry

"There is not much real true poverty in this country imo.

"Poverty to me is having virtually no food, clothing or decent sanitation"

That was how you defined poverty, which in all frankness sounds like a Dickensian nightmare. It is world away for this:

And did those feet in ancient time

Walk upon England's mountains green?

And was the holy Lamb of God

On England's pleasant pastures seen?

And did the countenance divine

Shine forth upon our clouded hills?

And was Jerusalem builded here

Among those dark Satanic Mills?

Bring me my bow of burning gold!

Bring me my arrows of desire!

Bring me my spear! O clouds, unfold!

Bring me my chariot of fire!

I will not cease from mental fight

Nor shall my sword sleep in my hand

Till we have built Jerusalem

In England's green and pleasant Land

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By (user no longer on site) over a year ago

"There is not much real true poverty in this country imo.

Maybe not poverty in the sense of destitute, without any food or home.

However there are hundreds of thousands living hand to mouth every week, dreading any bill which they cant afford.

Sure we all make our own luck to some degree, but the vast majority of the country dont see how many live, and quite often would rather not.

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By *otsossieMan over a year ago

local, but not too local

Re poverty.

I know people who lost everything through addiction or mental health issues.

It’s all very well saying there are too many handouts, but it really is all a house of cards. It’s very easy to end up on the streets and caught in a poverty trap.

I guess the attitude comes from being lucky enough to not have experienced that.

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By *ara JTV/TS over a year ago

Bristol East

Someone who has hoarded a thousand million £s . . . well, they aint gonna miss a few noughts extra in tax, are they.

I mean, what the fuck you gonna do with all that loot?

OCD on an obscene scale.

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By (user no longer on site) over a year ago

"Sounds like communism to me..."

This

And in answer to the Op. No

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By (user no longer on site) over a year ago

"Re poverty.

I know people who lost everything through addiction or mental health issues.

It’s all very well saying there are too many handouts, but it really is all a house of cards. It’s very easy to end up on the streets and caught in a poverty trap.

I guess the attitude comes from being lucky enough to not have experienced that. "

That word again “lucky”. I hate it. I can assure you nothing I have or have worked for has anything to do with luck. Luck is winning the lottery.

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By (user no longer on site) over a year ago

The principle of what they are trying to say, which is inequality has grown etc is correct but the headlines / wording is poor.

The richest 1% pay 27% of all the taxes , which is great. What needs to happen is they need to pay more. But that cannot be the only answer. Those who dont contribute but have no valid reason not to work shouldn't just be given everything, or they have no reason to work.

Banning the rich, if that was possible would lead to less money in tax for the poor!!

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By *ittleAcornMan over a year ago

visiting the beach

As has been mentioned a few times in the thread, and which has been ignored. Corbyn is not about "banning" billionaires but is questioning the fact that a relatively small handful of people own more than the bulk of the population.

Mostly through the inheritance of property and land, i.e. they've not worked hard to earn in, just had ancestors who were in the right place at the right time and were able to avoid paying too much tax along the way.

They do not "filter down" this wealth, but keep it locked up, and out of the economy. All he has said so far is that tax laws need to be tightened to ensure the people (and companies) in that top 1% pay their dues.

Why would anyone disagree with that?

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By *ara JTV/TS over a year ago

Bristol East

Giving benefits to people who do not work?

Okay.

The welfare state originally was designed to look after those absolutely incapable of work - the elderly, the infirm, the disabled etc.

The country couldn't afford welfare for all.

Anyone able to work was guaranteed work - in a nationalised industry.

So we paid people to work, rather than not to work.

That was the consensus from 1942 for the next four decades or so.

Fast forward to the early 1980s and that link was severed by the reforms of Thatcher.

She scrapped nationalised industry.

So we started paying people NOT to work.

This was never the intention of the welfare state.

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By *otsossieMan over a year ago

local, but not too local

"Re poverty.

I know people who lost everything through addiction or mental health issues.

It’s all very well saying there are too many handouts, but it really is all a house of cards. It’s very easy to end up on the streets and caught in a poverty trap.

I guess the attitude comes from being lucky enough to not have experienced that.

That word again “lucky”. I hate it. I can assure you nothing I have or have worked for has anything to do with luck. Luck is winning the lottery. "

Lucky as in the absence of really shitty things happening through no fault of your own.

Personally, I’m lucky to still be here.

It’s a form of privilege.

I’m not talking about nth generation dole wasters dealing drugs and thieving. I’ve no empathy with them.

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By (user no longer on site) over a year ago

"As has been mentioned a few times in the thread, and which has been ignored. Corbyn is not about "banning" billionaires but is questioning the fact that a relatively small handful of people own more than the bulk of the population.

Why would anyone disagree with that? "

Corbyn has inherited land.In Shropshire, he and his brother Piers, an altogether different bloke got it from their parents.

Chance would be a fine thing, being from a mining family there's not much hope of anyone leaving or giving us a convenient parcel of land anytime soon.

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By *egasus NobMan over a year ago

Merton

IMO there should be a limit to wealth and assets once you reach billionaire status. The effect of that is it opens the door for others to start their business and create entrepreneur spirit, uplift the masses rather than minimum wages while billionaires buy out competitors and pay others the bare minimum.

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By *ocbigMan over a year ago

Birmingham

"They tried to do something similar in the 70s and most went into tax exile paying even less to the UK pot I have no reason to think it wouldn't happen again. "

Most? I think not, threatened? I think so. Any multi million/billion aires worth their salt are not paying anywhere near the tax that little people pay as a per cent age of income so those that go won’t be costing much. It never ceases to amaze me how quickly normal people with normal jobs paying their way in tax etc jump to the defence of the very rich & plans to tax them more.

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By *risky_MareWoman over a year ago

...Up on the Downs

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so.

They used to say millionaires, but now most of the Labour front bench ARE millionaires, they had to up the anti....

#forthemanybutnotus

#thisisnttwitter"

#amibothered

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By *pursChick aka ShortieWoman over a year ago

On a mooch

"Giving benefits to people who do not work?

Okay.

The welfare state originally was designed to look after those absolutely incapable of work - the elderly, the infirm, the disabled etc.

The country couldn't afford welfare for all.

Anyone able to work was guaranteed work - in a nationalised industry.

So we paid people to work, rather than not to work.

That was the consensus from 1942 for the next four decades or so.

Fast forward to the early 1980s and that link was severed by the reforms of Thatcher.

She scrapped nationalised industry.

So we started paying people NOT to work.

This was never the intention of the welfare state.

There was a very good documentary on this called Benefits Britain 1949. It took individuals from modern day and had them live on the benefits they would have had in 1949 based on there circumstances.

It’s a true reminder / eye opener of what they were truly bought in for

Each episode is an hour long and featured on one story at a time, including a pensioner, a disabled man, an immigrant, someone who had worked 22 years but now injured, a single mum. They lived by the rules of 1949, benefits and support they would have had then. It’s an opener, heart breaking in some places, but also a good insight into what it was created for

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By *ssex_tom OP Man over a year ago

Chelmsford

There is only one thing worse than the idle rich and that's the idle poor..

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By *hatawasteMan over a year ago

stafford

[Removed by poster at 05/11/19 16:48:00]

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By *ocbigMan over a year ago

Birmingham

"There is only one thing worse than the idle rich and that's the idle poor.."

The difference being?

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By *ara JTV/TS over a year ago

Bristol East

There was a very good documentary on this called Benefits Britain 1949. It took individuals from modern day and had them live on the benefits they would have had in 1949 based on there circumstances.

It’s a true reminder / eye opener of what they were truly bought in for

Sounds fascinating - I must search for it.

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By *ocbigMan over a year ago

Birmingham

"I will say one thing though..

I admire hard work, determination and sacrifice to earn a good living. I don't admire lazy, layabouts moaning and expecting to fall in their lap.."

like Doris Johnson, The Right Honourable member for 1892, David Cameron..I could go on..

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By *otsossieMan over a year ago

local, but not too local

"There is only one thing worse than the idle rich and that's the idle poor..

The difference being?"

Presumably:

The idle rich and support themselves financially.

The idle poor cannot.

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By (user no longer on site) over a year ago

"There is only one thing worse than the idle rich and that's the idle poor..

The difference being?"

The idle rich still have money to spend and drive the economy. Idle poor are just a drain

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By (user no longer on site) over a year ago

As long as they pay UK taxes what is the problem? They don't cost anyone anything ...

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By *tooveMan over a year ago

belfast

Corbyn is a space cadet.

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By *hatawasteMan over a year ago

stafford

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so."

Definitely ! re distribute the wealth we have. There are far too many poor people on the planet struggling .We need to review and look again at how we use/move money around and to who we give it to . Hard work brings reward but theres no need for people to take the mick is there ?

Saw someone on here huffing about the 'idle poor' FYI not a lot of poor people are idle my friend . A lot however have been completely unlucky in life thats all . There are some out there , lazy , feckless who contribute very little to society and that needs changing 100% . I do not respect anyones right to sit on their bum all day expecting the state to pay for them , their kids and their smoking and drinking habits. That in my opinion is unfair on anyone who gets up in the morning to make an honest buck..

Similarly though but in another way ..

We don't need Billionnaires at the other end of the scale upsetting the balance we just need a much fairer and equal society that is not based purely on greed or wanting handouts .. .. one day it might just happen . Personally I hope that day comes very soon :/

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By *pursChick aka ShortieWoman over a year ago

On a mooch

[Removed by poster at 05/11/19 16:56:20]

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By *lan157Man over a year ago

a village near Haywards Heath in East Sussex

"Amazon workers are exploited with the company paying 0, literally 0 taxes.

Actually the paye is deducted from staff salaries and any output vat is paid to them by the customers paying vat . It's not coming out of their profits

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By *pursChick aka ShortieWoman over a year ago

On a mooch

There was a very good documentary on this called Benefits Britain 1949. It took individuals from modern day and had them live on the benefits they would have had in 1949 based on there circumstances.

It’s a true reminder / eye opener of what they were truly bought in for

Sounds fascinating - I must search for it."

It was interesting, you’ll find it on YouTube ... 2013 series, Benefits Britain 1949

Just remember that other than the 6 individuals everyone is acting a character from that time and how things were said.

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By (user no longer on site) over a year ago

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so."

Banning someone for making a success of themselves, paying enormous amounts of tax, whilst providing some awesome products and services for billions of people? Errr....nah.

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By *lex46TV/TS over a year ago

Near Wells

I don't agree with much that's being said on here. So what if people are born rich. Somebody somewhere would have worked hard to get that wealth. Would you not want your wealth or assets passed on to your children after you have died?

Rich people employ a lot of people, they also spend lots of money which keep industries etc employing lots of people.

Take away the richest , the economy goes pear shaped creating massive unemployment. As they say, money makes the world go around.

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By *hatawasteMan over a year ago

stafford

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so.

Banning someone for making a success of themselves, paying enormous amounts of tax, whilst providing some awesome products and services for billions of people? Errr....nah."

Whilst making a further profit through selling these awesome products and services and paying pretty much nothing back to the state at all ? Ask Jeff Bezos/Amazon/Google how much tax they pay?

That is a fair and equal society is it ?

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By *isandhers691127Couple over a year ago

Bournemouth

JC was attacking bad bosses like Mike Ashley, employers who have all their workforce on zero hour contracts and people who are so scared to miss a shift they give birth in the work toilets. Seems a fair point to me.

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By (user no longer on site) over a year ago

I'm not sure but I think the divide between rich and poor is increasing.

I watched a documentary about California the other night and was shocked to learn even through its the richest state 1.5m people have no clean running water! And they have 7 hundred thousand homeless, people living in cars and even inside the structure of rail bridges. All this while there are 10+ million doller houses up the road.

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By (user no longer on site) over a year ago

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so.

Banning someone for making a success of themselves, paying enormous amounts of tax, whilst providing some awesome products and services for billions of people? Errr....nah.

Whilst making a further profit through selling these awesome products and services and paying pretty much nothing back to the state at all ? Ask Jeff Bezos/Amazon/Google how much tax they pay?

That is a fair and equal society is it ?

No it isnt, but we all create it by buying into it.

I dont condone it, but lifes not fair and never will be.

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By *ara JTV/TS over a year ago

Bristol East

"As long as they pay UK taxes what is the problem? They don't cost anyone anything ... "

Er, um . . . do you know how much tax is evaded by these people squirrelling their money away in tax havens offshore.

And why it is most fortunate for them the UK is due to leave the EU just as new European regulations come into force to close their tax loopholes.

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By *otsossieMan over a year ago

local, but not too local

I think the perceived problem with billionaires is that’s an extraordinary amount of money. It allows you to exert an undue amount of influence and effectively makes you above the law.

This is a potential vote winner for Corbyn as he is running on a hard socialist ticket.

I don’t see how anyone could have a “normal” life with that much money. I’ve a friend with enough money that security is a nightmare and he can’t tell people where he is/will be in advance. He just flits between houses and cruises and is basically a tax exile. And that’s 1-2% of the amount of money we’re talking about here.

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By (user no longer on site) over a year ago

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so.

Banning someone for making a success of themselves, paying enormous amounts of tax, whilst providing some awesome products and services for billions of people? Errr....nah.

Whilst making a further profit through selling these awesome products and services and paying pretty much nothing back to the state at all ? Ask Jeff Bezos/Amazon/Google how much tax they pay?

That is a fair and equal society is it ?

Bet they paid more than you though! Ask any business owner, minimising tax payments is part of what they have to do. Bet you’ve never looked at your wage slip and thought ‘ah bollocks, can I pay more tax please because I’m doing alright this month’ pmsl

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By *egasus NobMan over a year ago

Merton

"I don't agree with much that's being said on here. So what if people are born rich. Somebody somewhere would have worked hard to get that wealth. Would you not want your wealth or assets passed on to your children after you have died?

Rich people employ a lot of people, they also spend lots of money which keep industries etc employing lots of people.

Take away the richest , the economy goes pear shaped creating massive unemployment. As they say, money makes the world go around. "

False take away the richest and new rich arise, and power will be spread the living standard will be raised, of course, they will be a dip before the raise the only difference is the old rich will be a giant gatekeeper.

I'd have to say it the problem is capitalist as long as the mentality is to buy, conquer, every person for themselves nothing will change. The whole system needs to be changed on a global scale internationally.

Banned is probably the wrong word I do think there should be a limit — for asset, wealth, company, buying, royalty etc.

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By *ara JTV/TS over a year ago

Bristol East

UK Government estimate of tax evasion and avoidance annually - £34 billion

UK Government estimate of fraud in the benefits system annually - £2 billion

No. of civil servants employed by UK Government on tax evasion and avoidance - 522

No. of civil servants employed by UK Government on benefit fraud - 4,045

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By (user no longer on site) over a year ago

"Not banned, just their excess assets stripped away and given to the people. Failing that they will be first against the wall when the great revolution begins

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By *hatawasteMan over a year ago

stafford

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so.

Banning someone for making a success of themselves, paying enormous amounts of tax, whilst providing some awesome products and services for billions of people? Errr....nah.

Whilst making a further profit through selling these awesome products and services and paying pretty much nothing back to the state at all ? Ask Jeff Bezos/Amazon/Google how much tax they pay?

That is a fair and equal society is it ?

Right ! You know this needs to stop .

You don't know how much I paid ..but it would surprise you ! I am a business owner not a billionaire ( OP referred to billionaires you will find) .So regardless of IR35 or PAYE we are small fish my friend!

Yes,the basic rule is you minimise tax where you can in order to build a better business and contribute back.That is how an ethical company works .Suggest you read about them if in doubt . I also suggest a lot of the billionaires out there do not contribute anything back to anyone and just sit on their arses making money out of everyone . Especially those who avoid paying any tax. That is unfair is it not?

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By *ssex_tom OP Man over a year ago

Chelmsford

I posed a question based on an MPs speech.. interesting answers..

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By (user no longer on site) over a year ago

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so.

Banning someone for making a success of themselves, paying enormous amounts of tax, whilst providing some awesome products and services for billions of people? Errr....nah.

Whilst making a further profit through selling these awesome products and services and paying pretty much nothing back to the state at all ? Ask Jeff Bezos/Amazon/Google how much tax they pay?

That is a fair and equal society is it ?

Right ! You know this needs to stop .

Well done for managing to contradict yourself so eloquently! Genius

You’re right, I don’t know you or how much tax you’ve paid, and there’s one reason for that, I’d have read about you if you were that successful (like the billionaires for example).

One thing you’ve managed to let slip is that you’re also not in the higher tax bracket of business owners either, because if you were, you wouldn’t resent them as much as your post suggests you do. It’s all very well romanticising about a Robin Hood government, but do remember, a prince of thieves, is still a thief.

Take it you’ve never flown virgin or rode their train? Or used Microsoft Word, or bought anything from Amazon then? If you’re wondering why I ask, they’re all businesses supplying products and services many of us use and owned by....yep....billionaires. If you can honestly say no, then fair enough. But if you have, then you’ve just scored an own goal again

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By *ocbigMan over a year ago

Birmingham

Rich people employ a lot of people, they also spend lots of money which keep industries etc employing lots of people.

Take away the richest , the economy goes pear shaped creating massive unemployment. As they say, money makes the world go around. "

See what I mean? Rushing to defend the (probably) tax dodging rich who may be asked to contribute a little more. The rich do not keep the economy as a whole going, they spend on exotic & overpriced stuff, not on the high street, hence our shopping areas going tits up, the poor can't the rich won't, mind you an economy based on spending in the shops...now thats a different mess....

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By (user no longer on site) over a year ago

Rich people employ a lot of people, they also spend lots of money which keep industries etc employing lots of people.

Take away the richest , the economy goes pear shaped creating massive unemployment. As they say, money makes the world go around.

How would you feel if they told you to work a bit harder like they have and you contribute a bit more? The fact they do pay more by virtue of working harder than you, helps prop up much of the population. As the the saying goes, you can do 99 things for someone, and all they’ll remember is the 1 thing you didn’t do.

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By *ocbigMan over a year ago

Birmingham

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so.

Banning someone for making a success of themselves, paying enormous amounts of tax, whilst providing some awesome products and services for billions of people? Errr....nah.

Whilst making a further profit through selling these awesome products and services and paying pretty much nothing back to the state at all ? Ask Jeff Bezos/Amazon/Google how much tax they pay?

That is a fair and equal society is it ?

Right ! You know this needs to stop .

Well done for managing to contradict yourself so eloquently! Genius

You’re right, I don’t know you or how much tax you’ve paid, and there’s one reason for that, I’d have read about you if you were that successful (like the billionaires for example).

Resent? I see no resentment, just facts. I buy from companies many of whom are owned by billionaires/millionaires, hard to avoid TBH, I try to avoid the unethical ones in terms of tax dodging as mentioned by our businessman, but I do believe the blame lies with our (successive) governments who create the tax laws & fail to close loopholes, as you point out no one ever said 'I will pay an extra tenner in tax this month' but most normal tax payers pay what they are supposed to with little choice & no tax avoidance.

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By (user no longer on site) over a year ago

if you take away the benifits of being rich, whats the motivation to work hard???

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By (user no longer on site) over a year ago

"Amazon workers are exploited with the company paying 0, literally 0 taxes.

Actually the paye is deducted from staff salaries and any output vat is paid to them by the customers paying vat . It's not coming out of their profits "

If they didn't employ people there would be no paye, rates, or vat ...

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By *otsossieMan over a year ago

local, but not too local

"if you take away the benifits of being rich, whats the motivation to work hard???"

This is the problem.

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By *hatawasteMan over a year ago

stafford

"if you take away the benifits of being rich, whats the motivation to work hard???"

The same as you would imagine . However, simple fact if you earn more then you pay more tax . You don't end up broke because of it and your business still survives . You just pay a little more back relative to the slice of money you make .

I'm happy with that .

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By *riskynriskyCouple over a year ago

Essex.

"Hardly any billionaires are made though, you could earn 100k a year tax free and wouldn’t be a billionaire in this lifetime. The vast majority of billionaires are born into wealth.

The fact there is people in this country that could literally never spend all of their wealth whilst there’s kids starving is disgusting"

£100,000 a year is nothing for a lot of people, I know of one guy through work that spends more than that a month on socialising.

I know he does £60,000 on wine a month, not for investing...

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By *tingly ByronMan over a year ago

In a town Fab forgot

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so.

They used to say millionaires, but now most of the Labour front bench ARE millionaires, they had to up the anti....

#forthemanybutnotus"

Truth bomb.

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By *otsossieMan over a year ago

local, but not too local

But what’s the national average wage? 20k?

We’re talking 50,000 x that.

That’s a decent sized town of average wage.

It’s an unimaginable amount of money.

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By *ocbigMan over a year ago

Birmingham

"Hardly any billionaires are made though, you could earn 100k a year tax free and wouldn’t be a billionaire in this lifetime. The vast majority of billionaires are born into wealth.

The fact there is people in this country that could literally never spend all of their wealth whilst there’s kids starving is disgusting

£100,000 a year is nothing for a lot of people, I know of one guy through work that spends more than that a month on socialising.

I know he does £60,000 on wine a month, not for investing..."

he makes grapes very grateful..much obliged sir...

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By (user no longer on site) over a year ago

"Hardly any billionaires are made though, you could earn 100k a year tax free and wouldn’t be a billionaire in this lifetime. The vast majority of billionaires are born into wealth.

The fact there is people in this country that could literally never spend all of their wealth whilst there’s kids starving is disgusting

£100,000 a year is nothing for a lot of people, I know of one guy through work that spends more than that a month on socialising.

I know he does £60,000 on wine a month, not for investing..."

60 grand a month on wine!! Do you have his number

Seriously enough, if he earned it then good for him.

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By *ocbigMan over a year ago

Birmingham

"if you take away the benifits of being rich, whats the motivation to work hard???"

..so I am not a billionaire avoiding tax...I work hard, whats my motivation? I help people...& pay tax.

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By (user no longer on site) over a year ago

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so.

Banning someone for making a success of themselves, paying enormous amounts of tax, whilst providing some awesome products and services for billions of people? Errr....nah.

Whilst making a further profit through selling these awesome products and services and paying pretty much nothing back to the state at all ? Ask Jeff Bezos/Amazon/Google how much tax they pay?

That is a fair and equal society is it ?

Right ! You know this needs to stop .

Well done for managing to contradict yourself so eloquently! Genius

You’re right, I don’t know you or how much tax you’ve paid, and there’s one reason for that, I’d have read about you if you were that successful (like the billionaires for example).

They have plenty of choice. Choosing to stop at a pay grade, or be limited by one due to qualifications or ambition, or remaining in employment where your tax is deducted at source, is a choice. I appreciate your sentiment, but bashing the rich for not paying enough when they pay almost infinitely more than you or I, doesn’t make it right. All it seeks to achieve is showing resentment towards those who chose an alternative path, work their bollocks off for it, and earn themselves the right to have more control over their finances.

There aren’t many people who could honestly say that the tax they paid last year, or for some, in a bloody life time, would come close to paying for their live saving operation etc etc (and the etc’s are mahoosive) without the extras lobbed in by the wealthy.

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By *tingly ByronMan over a year ago

In a town Fab forgot

"if you take away the benifits of being rich, whats the motivation to work hard???"

Zero.

Nada.

Zilch.

This is the politics of envy, nothing more.

And coming from millionaire Corbyn, the politics of hypocracy.

Ask him how much his wife's company paid in tax.

Ask him how much his wife's company pay their staff.

Ask him how much of the Labour party's funds are in off shore banks.

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By *ssex_tom OP Man over a year ago

Chelmsford

One issue is that the lazy won't work and no-one can make them

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By (user no longer on site) over a year ago

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so.

Banning someone for making a success of themselves, paying enormous amounts of tax, whilst providing some awesome products and services for billions of people? Errr....nah.

Whilst making a further profit through selling these awesome products and services and paying pretty much nothing back to the state at all ? Ask Jeff Bezos/Amazon/Google how much tax they pay?

That is a fair and equal society is it ?

Right ! You know this needs to stop .

Well done for managing to contradict yourself so eloquently! Genius

You’re right, I don’t know you or how much tax you’ve paid, and there’s one reason for that, I’d have read about you if you were that successful (like the billionaires for example).

Just read through this again and I agree with everything you’ve said

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By *hatawasteMan over a year ago

stafford

Not sure if you understand or just doggedly heading on your own path ? There was no contradiction I assure you .

Further ,yes as far as giving something back goes I do try to avoid the big companies like we all should .

Generally I am conscious of the impact of large conglomorates and large companies and their possible /actual effect .So yes I buy UK made goods from small businesses where I can and eat generally UK grown farm shop produce where I can also .Sometimes there are no other options .Sometimes in business parts and raw goods need importing from a less ethical source but needs must according to supply chain .

However,with a little care and planning everyone can make a difference no matter how small without putting money in the pockets of the bigger companies. I think that is a good thing . Similarly consuming less and creating more is important too . Whatever we do to make a living we should do it ethically, carefully and to improve our lives . However we should also consider doing that so that it will help in some way all of us not just one or two .

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By *riskynriskyCouple over a year ago

Essex.

"This is what he said:

“There are 150 billionaires in the UK while 14 million people live in poverty. In a fair society there would be no billionaires and no one would live in poverty.”

I don't see the word ban anywhere - just a desire for a more even distribution of wealth across the country.8

The problem is media paints JC as a loony lefty so people automatically assume he is. But if you stop and listen to his actual words, he keeps talking sense!!

If you listen to JC, he is a swivel eyed loon...

He would kill any financial motivation for people to do well.

He is looking at getting rid of inheritance tax and replacing it with a Life time gifts allowance of £125,000.

At the moment approx 640,000 people a year pay inheritance tax, under the LTG it would be 10 million.

He wants to privatise rail, the utility companies and Dianne Abbott has worked out it will cost the country 38p to do that.

He says he wants to improve the NHS, yes remove immigration caps.

The schools and NHS can't cope already due to the contracts signed under TB.

He will give free university education, look at refunding student debt etc.

He doesn't support our armed forces or security services, is in the pay of Iranian tv, I could go on and on and on...

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By (user no longer on site) over a year ago

"if you take away the benifits of being rich, whats the motivation to work hard???

..so I am not a billionaire avoiding tax...I work hard, whats my motivation? I help people...& pay tax."

And as grateful as we all are for your tax, just how much do you think that your contribution personally, benefits society? Those F35s, soldiers salaries, NHS, teachers etc don’t come cheap (and nor should they. Thank god for the big contributors like billionaires, even if their contributions aren’t quite as big as you or your mates think they should be.

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By *ocbigMan over a year ago

Birmingham

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so.

Banning someone for making a success of themselves, paying enormous amounts of tax, whilst providing some awesome products and services for billions of people? Errr....nah.

Whilst making a further profit through selling these awesome products and services and paying pretty much nothing back to the state at all ? Ask Jeff Bezos/Amazon/Google how much tax they pay?

That is a fair and equal society is it ?

Right ! You know this needs to stop .

Well done for managing to contradict yourself so eloquently! Genius

You’re right, I don’t know you or how much tax you’ve paid, and there’s one reason for that, I’d have read about you if you were that successful (like the billionaires for example).

I have no resentment, unless the rich are exploitative, many (in the bracket we are discussing) do not pay their tax, do not lob in as you put it. Many do philanthropic work, but in the most part if you look proportionately at tax, the more you earn the less you can pay, plus proportionately all the stuff you buy costs more of your income if you are poor, electricity isn't charged for on ability to pay, in fact many pay as you use token schemes pay more per unit.

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By *tingly ByronMan over a year ago

In a town Fab forgot

"This is what he said:

“There are 150 billionaires in the UK while 14 million people live in poverty. In a fair society there would be no billionaires and no one would live in poverty.”

I don't see the word ban anywhere - just a desire for a more even distribution of wealth across the country.8

The problem is media paints JC as a loony lefty so people automatically assume he is. But if you stop and listen to his actual words, he keeps talking sense!!

If you listen to JC, he is a swivel eyed loon...

He would kill any financial motivation for people to do well.

He is looking at getting rid of inheritance tax and replacing it with a Life time gifts allowance of £125,000.

At the moment approx 640,000 people a year pay inheritance tax, under the LTG it would be 10 million.

He wants to privatise rail, the utility companies and Dianne Abbott has worked out it will cost the country 38p to do that.

He says he wants to improve the NHS, yes remove immigration caps.

The schools and NHS can't cope already due to the contracts signed under TB.

He will give free university education, look at refunding student debt etc.

He doesn't support our armed forces or security services, is in the pay of Iranian tv, I could go on and on and on..."

He said he'd give free university education, got the youth vote, then reneigned on the promise.

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By (user no longer on site) over a year ago

"Not sure if you understand or just doggedly heading on your own path ? There was no contradiction I assure you .

Further ,yes as far as giving something back goes I do try to avoid the big companies like we all should .

So people who haven’t got much money then should shop elsewhere rather from the big companies that are much cheaper. I have my own business and often I can’t compete with the big boys but to expect people to buy from me rather than somewhere cheaper is ridiculous. This is the real world.

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By *riskynriskyCouple over a year ago

Essex.

"I personally disagree with the government definition of poverty. Poverty to me is having virtually no food, clothing or decent sanitation.

Over the years I have been in many council houses/flats where the children are sleeping on mattresses on the floor with no bedding etc, yet they have a 55" tv, an xbox one, a playstation, fags everywhere and often drug paraphernalia.

A lot of poverty is self inflicted.

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By (user no longer on site) over a year ago

"I personally disagree with the government definition of poverty. Poverty to me is having virtually no food, clothing or decent sanitation.

A lot of poverty is self inflicted. "

Yes. Working in child protection for 10 years I have seen exactly this. A lot!

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By (user no longer on site) over a year ago

Are you all assuming that billionaires have piles and piles of cash just sat around? A lot of them are billionaires because of share values.

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By *oggoneMan over a year ago

Derry

In 2017 amazon paid the UK £4.6 million corporate tax. Pre tax profits was £72.4 million. Anyone want the numbers for boots chemist?

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By (user no longer on site) over a year ago

"Not sure if you understand or just doggedly heading on your own path ? There was no contradiction I assure you .

Further ,yes as far as giving something back goes I do try to avoid the big companies like we all should .

Oh I think the products and services offered by the billionaires of this world help quite a few people globally. It might even explain why they’re billionaires in the first place, you know, the sheer volume of people buying into their services because they need or want it.

Chances are, it’s a billionaire that’s allowing this debate to take place right now. Many of us will be using devices/software etc built by them that make it possible.

Ps; never did I say we should make them exclusive either. I support the little guy more than a lot of people claim to, but that doesn’t have to mean I become a person who also berates the wealthy....and then show my 50 faces by using their services and products.

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By (user no longer on site) over a year ago

"In 2017 amazon paid the UK £4.6 million corporate tax. Pre tax profits was £72.4 million. Anyone want the numbers for boots chemist?"

I’d like to read the numbers for what you paid in tax and learn whether or not you’ve ever used Amazon or Boots services.

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By (user no longer on site) over a year ago

"Sorry if this should be in politics. But should Billionaires be banned. Jeremy seems to think so.

Banning someone for making a success of themselves, paying enormous amounts of tax, whilst providing some awesome products and services for billions of people? Errr....nah.

Whilst making a further profit through selling these awesome products and services and paying pretty much nothing back to the state at all ? Ask Jeff Bezos/Amazon/Google how much tax they pay?

That is a fair and equal society is it ?

Right ! You know this needs to stop .

Well done for managing to contradict yourself so eloquently! Genius

You’re right, I don’t know you or how much tax you’ve paid, and there’s one reason for that, I’d have read about you if you were that successful (like the billionaires for example).

Love him or hate him; look at what Zuckerberg did with most of his dough when his somewhat biggish company first floated.

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By *ethnmelvCouple over a year ago

Cardiff

"UK Government estimate of tax evasion and avoidance annually - £34 billion

UK Government estimate of fraud in the benefits system annually - £2 billion

No. of civil servants employed by UK Government on tax evasion and avoidance - 522

No. of civil servants employed by UK Government on benefit fraud - 4,045

It does sadly point to our priorities in this country. Nobody can really argue we shouldn’t target the £34bn first...

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By (user no longer on site) over a year ago

A lot of poverty is self inflicted. "

This

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By *otsossieMan over a year ago

local, but not too local

The whole argument is moot anyway. It’s a political straw man.

The are only 200 billionaires in the world. I doubt many live in the U.K.

It’s enough money to spend £1million a month for 83 years ffs ??

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By *amissCouple over a year ago

chelmsford

"The whole argument is moot anyway. It’s a political straw man.

The are only 200 billionaires in the world. I doubt many live in the U.K.

It’s enough money to spend £1million a month for 83 years ffs ??"

About 150 apparently