Half of England owned by less than 1% of pop.

[graham99]

We already have VAT on most things, stamp duty on property etc?

you would get rid of every other tax.
thats why i think 1% of England's transaction's would be enough tax to run the country.
i was shocked to see England is still a big arm's dealer .
1% of their tran's action's would be a lot of money

 

[ollie989898]

it seem's a lot are missing the fact that in 2008 your govt bailed out your biggest business's .
and the banks gave the hand that bailed them the finger.
now which side of the house did the bailing ,
and which side of the house did any thing to stop the bailing

The banks had to be bailed out. It was as simple as that.

Investment bankers were playing a very risky game with other people's money. That game ended and all of them were stuck with very very hot potatoes.

If the government did not bail out the banks (the UK was the first to do it and led the world to solve the crisis whilst other governments were struck dumb) the banks would have folded, leaving many many people with no savings or pensions or worse, having their mortgage agreements fold- cue massive house repossessions.

The above would have been catastrophic and removed all consumer confidence from the UK economy for decades.

 

[caveman]

which is most profitable 1% profit on a million turnover or 10% on 100k

The million turnover guy takes away the profit from nine of the 100k guys.

 

[ollie989898]

The million turnover guy takes away the profit from nine of the 100k guys.

Exactly, however that is capitalism and competition for you, love it or loathe it. The main point is that all 10 businesses made profits from the citizens of the UK and relied upon the natural capital of the country. They must therefore be taxed on those activities.

 

[Highland Mule]

you would get rid of every other tax.
thats why i think 1% of England's transaction's would be enough tax to run the country.
i was shocked to see England is still a big arm's dealer .
1% of their tran's action's would be a lot of money

England? I presume you mean the UK and it’s an honest mistake that you chose a country that hasn’t functioned on its own for over 200 years.

 

[graham99]

for us to keep our way of life we need to make sure the next gen can get a start on their own to feet .
at the moement the banks decide who gets a lone.
the real problem is the reg's making it hard to be
self employed

 

[graham99]

England? I presume you mean the UK and it’s an honest mistake that you chose a country that hasn’t functioned on its own for over 200 years.

sorry had it back to front

 

[Henarar]

The million turnover guy takes away the profit from nine of the 100k guys.

Not necessarily
Depends what each are doing
Some things just see less profit for the turnover than others

 

[graham99]

which is most profitable 1% profit on a million turnover or 10% on 100k

what is best for our country's .
new zealand in full of self made men who broke in the land any way they saw fit.
but back then you guy's had more money than a bull could sh!t.
so they made money .
today these self made men are having trouble with the fact the cuostemer is no longer rich

 

[caveman]

Exactly, however that is capitalism and competition for you, love it or loathe it. The main point is that all 10 businesses made profits from the citizens of the UK and relied upon the natural capital of the country. They must therefore be taxed on those activities.

But the million turnover guy, especially in ag, is most likely supplying commodity to, or actually is, a multi national who has probably no interest in the local natives or indeed pays very little, if any, tax to the UK exchequer.

 

[Brisel]

you would get rid of every other tax.
thats why i think 1% of England's transaction's would be enough tax to run the country.
i was shocked to see England is still a big arm's dealer .
1% of their tran's action's would be a lot of money

That would just kill trade. To prosper, an economy needs to trade.

 

[ollie989898]

But the million turnover guy, especially in ag, is most likely supplying commodity to, or actually is, a multi national who has probably no interest in the local natives or indeed pays very little, if any, tax to the UK exchequer.

This is where we are going wrong. Amazon, Google, Faceache and co are doing business here on UK shores and manage to reduce their tax liabilities massively. They should be taxed properly and pay the due share for the public to benefit from.

I would be pretty merciless with them if it was me. Pay up or we will force ISPs to block their services- it can be done very easily believe me and is enforced in some countries. You may be surprised what the UK market is worth to Google every 24 hours....

 

[graham99]

The banks had to be bailed out. It was as simple as that.

Investment bankers were playing a very risky game with other people's money. That game ended and all of them were stuck with very very hot potatoes.

If the government did not bail out the banks (the UK was the first to do it and led the world to solve the crisis whilst other governments were struck dumb) the banks would have folded, leaving many many people with no savings or pensions or worse, having their mortgage agreements fold- cue massive house repossessions.

The above would have been catastrophic and removed all consumer confidence from the UK economy for decades.

well for now our consumer's have confidence with their paper zeros
but down under is about to start bailing the banks .
we are in the sh!t big time .we pushed house prices so high .
that the only way is down and when the run gets momentem it will take a lot of stopping.

 

[graham99]

This is where we are going wrong. Amazon, Google, Faceache and co are doing business here on UK shores and manage to reduce their tax liabilities massively. They should be taxed properly and pay the due share for the public to benefit from.

I would be pretty merciless with them if it was me. Pay up or we will force ISPs to block their services- it can be done very easily believe me and is enforced in some countries. You may be surprised what the UK market is worth to Google every 24 hours....

this why i would like a transaction tax of 1% with no tax deductions.
when the people buy for amazon the govt gets 1% .
when amazon sells to the same person they pay 1% tax for selling.
it would be a very simple tax .
the only problem is cash and you would just set an 1000 dollar limit on cash trans actions

 

[Highland Mule]

this why i would like a transaction tax of 1% with no tax deductions.
when the people buy for amazon the govt gets 1% .
when amazon sells to the same person they pay 1% tax for selling.
it would be a very simple tax .
the only problem is cash and you would just set an 1000 dollar limit on cash trans actions

Have you costed out your plan? How much would it yield, and how would it compare to the current tax take? I presume it would replace vat, from what you’ve written.

 

[graham99]

That would just kill trade. To prosper, an economy needs to trade.

thats why it would work.
no one would be able to avoide it.
they would sell up and let some else have a go.
for the young on here ,before the so called free trade deals .we used to trade .
and we all made money .
it is only in the days of so called free trade that we don't make money

 

[graham99]

Have you costed out your plan? How much would it yield, and how would it compare to the current tax take? I presume it would replace vat, from what you’ve written.

what is the turn over of the UK govt ,stock exchange,and bank's all put together with out tax deduction's.
the cost of it will 2 % for every trans action.
as it takes two people make a trans action.
it would replace every tax .
there would be one tax at the same rate for rich and poor.
think with no tax gains to owning land ,land would sell for what it earned

 

[Highland Mule]

what is the turn over of the UK govt ,stock exchange,and bank's all put together with out tax deduction's.
the cost of it will 2 % for every trans action.
as it takes two people make a trans action.
it would replace every tax .
there would be one tax at the same rate for rich and poor.
think with no tax gains to owning land ,land would sell for what it earned

You tell me, it’s your plan and you’re presenting it as a viable solution.

You’ll also need to factor in how much business will be lost or gained when the 2% transaction tax drives it abroad - that would be a considerable proportion of the institutional money, I’d guess, if the new 2% rate exceed the current one - what’s that right now?

 

[unlacedgecko]

The wealthy tend to get into more dangerous places.

Are you victim blaming?

What an absolutely disgusting comment. You should be ashamed.

 

[Brisel]

thats why it would work.
no one would be able to avoide it.
they would sell up and let some else have a go.
for the young on here ,before the so called free trade deals .we used to trade .
and we all made money .
it is only in the days of so called free trade that we don't make money

It has been so unsuccessful, we're only the 7th biggest economy in the whole world! What stone have you been living under??