Jimbo

@poolhayes93 @ThePosieParker Trusts pay the highest possible rate of income tax?

@ThePosieParker I know that and so does Gary. The point is that the wealthiest can hoard their wealth in trusts and achieve passive income that exceeds most people's earnings but they pay very little tax on it - so they get richer and richer while working people stay poor.

This is a sublime take down of Gary’s “economics”.

@functi0nZer0 Lots of very legit and simple ways to plan around this - sure your accountant could help

Fun fact: I intentionally underpay myself relative to every single other employee of Wildcat Labs thanks to precisely this I am trapped in hell

@Handymoeye @cascade_xyz For anyone looking for a cascade code - CC1YVZJN

I had got the invite code to @cascade_xyz . Will be soon sharing out the invite code for the one who is willing to put 100% for the trading as well as airdrop . Need a focused person for the invite code

@vickyy1a @cascade_xyz CC1YVZJN

Anyone have extra @cascade_xyz cascade code? If AVAILABLE please give me cascade invite code

@sjdedic Ignoring token price, lighter has been hugely successful. Hard to see why anyone would choose to trade somewhere with fees instead (unless points). Can you give one good reason why HL is better for the average trader?

This chart says it all. Lighter was nothing more than an opportunistic farm, designed for short-term extraction, dumping $LIT, and moving on to the next opportunity. I said it at TGE: anyone buying this at a $3B FDV was making a retarded mistake. And it’s been effectively down-only ever since - not just in price, but across all meaningful metrics: new users, TVL, fees, activity. Like it or not, once you’re chasing projects whose only strategy is “take market share from the first-mover”, you’ve already lost. We’ve seen this pattern over and over: L1s (ETH/SOL), launchpads (PUMP), DeFi protocols (AAVE, UNI) etc, the list goes on. The same applies to perp DEXs. there is no second hyperliquid i love you

@terrychristian She has raised income tax, and froze personal allowance and rate bands?

The Budget. Reeves never once said she was going to raise income tax, she even denied it on BBC 1!, It was the media that said that she would. Now they are upset she hasn't raised income tax. It's just fake rage and designed to get the frothy mouthed slack jawed idiot brigade going.

@aChildOf2Worlds Why would they? They constantly see their taxes increase, yet the majority keep demanding more and more

What is fascinating about this gen’s set of very wealthy people in the UK compared to in previous generations is the hoarding and refusal to build things which benefit the poor. A lot of of the parks and public buildings we enjoy were built by the rich in the past.

@NeilHarding @BearJFK @robprogressive The vast majority of people in this country that receive taxable dividends are business owners. Majority of who work all hours, pay corporation tax as well as income tax and NI, employ others, pay themselves last and take huge financial risks - hardly unearned

A £150k earner pays £53,460 in tax  A £25k earner pays just £2,486 in tax It takes 21x £25k earners to contribute was one £150k earner does in tax  The problem is not the rich The problem is how much tax is wasted

@linmeitalks This app really does open your eyes to how dumb some people are, sadly these people are allowed to vote

@truthbetold1x @StuartMaggs Self describe? What nonsense What good is valuable land if it makes no money?

@StuartMaggs Thanks for confirming the concession. Must be great to own land worth millions of pounds, self-describe as a farmer, and make such massive savings on IHT. Odd that they should want to take their tractors to London to block the streets, given they enjoy such tax benefits.

This is a depressing illustration of how poorly informed some people are. Farmers and business owners pay the same amount of inheritance tax, before and after the 2024 Budget changes. The changes are crippling investment in generational businesses at a time when the Government is making growth its key measurement for success. You'd have thought people would have understood that by now.

@TGE_LDNM Yep, also now much more expensive and risky to hire anyone - bad time to be a small business

This explains a bit about why some like me have had enough of this government particularly. It’s not about not wanting to pay more tax, it’s about the now relentless attack on those that put everything on the line to start a business - creating jobs, growth and wealth on this island. Having your own business is 24/7 - nobody is there to pick up the pieces if it all fails. When you’re awake, you’re at work - it follows you about in your brain. It’s brutal. And the truth is, most businesses fail. Some end it all as a result. We should be encouraging people to start their own business, supporting them, not abusing them for the benefit of those that can’t be arsed, or are bitter about anyone trying. Ambition is leaving, along with current wealth and future wealth. That impacts everyone badly. Even eventually the lazy, ‘bash the rich’ lemmings. Labour have to go, even for the benefit of the idiots that vote for them. They just don’t realise it yet.

@AugWindsock @MattGubba Between a husband and wife

@MattGubba I was still a Ltd Co contractor in 2015 and I’m really struggling to work out how you get to £2500 tax on a £100k dividend.

Ten years ago, a small business owner taking a £100k dividend could pay as little as £2,500 in personal tax if structured efficiently under the old dividend tax system. Today in 2025, they’re paying £21,250. Next year, under Labour’s new budget, they’ll pay over £23,000. And that’s after the company has already paid 25% corporation tax on the profits used to fund that dividend. In a decade, we’ve gone from a manageable tax bill to one where the state takes nearly a quarter of the dividend on top of corporation tax before the owner sees a penny. That’s a nearly 800% increase in personal tax on the same £100k. All for the crime of running a business in Britain. - This is why entrepreneurship is dying here. - This is why people aren’t scaling. - This is why founders are taking their companies and jobs abroad. If you want growth, stop treating business owners like a bottomless ATM. Britain needs entrepreneurs, not policies that punish them for succeeding.

@borpin @MattGubba Where is the incentive to grow a business in that scenario? Why would anyone invest their time and cash in doing so (creating jobs, tax revenue etc.) knowing they will be no better off than working for someone else

@MattGubba Everyone should pay the same tax to get the same disposable income. Why should you have paid less tax than an employee for the same disposable income?

@More_Kat_Moore @MattGubba @paullewismoney Nonsense key benefit is limited liability. Moron

@MattGubba @paullewismoney One-man bands shouldn’t be operating as companies. It was always a tax dodge.

@Dan4Barnet @RollingHedge Dan, the massive expansion to EMI is pretty pointless and will only benefit already large companies. EIS/VCT expansions would be great, if your party weren’t doing everything in their power to disincentivise entrepreneurship

Sometimes people aren't actually the caricatures you want to pretend they are. E.g. in my case: - yes, I have worked on eVED and visitor levy. I'm very happy to defend them as reforms. Fairness between drivers. Biggest fiscal devolution in a very long time. - I've also been the tax Minister that has spent the last few months working on a massive expansion to the EMI scheme and EIS/VCT investment schemes to help support scale ups, and also been working on making sure we make the right decision on landfill tax reform. - Then I think I'm probably one of the strongest advocates in Parliament for big planning reform (in a govt that is doing more on this than any in decades), and for Heathrow expansion to happen quickly, or for scaling back the inhibiting regulations around capital projects e.g. Fingleton's review. I'm always up for reading a good takedown of me. Politics is full of people criticising and disagreeing. But thought worth replying as you've made up a version of me as a politician that isn't really true.

Dan is an absolutely classic example of the retards who form the modern Left and currently run the country, the path is so well trodden that you’ll instantly recognise it: Born (1992) School PPE at Oxbridge (natch) Civil service role (HMT in this case) Local councillor (classic) Think tank role (Resolution Foundation) Think tank role (Joseph Rowntree Foundation) MP Cabinet minister (ffs) He’s 33, and has never worked in a real job. That should disqualify him from having any ministerial role on its own. Instead, he’s been totally coddled within the lifelong safety of public sector and left leaning think tank / NGO type roles, that have prepared him for the mind bendingly retarded policies he now either helps formulate or defends. You should have 30 years+ market experience before you even think about a senior role in HMT or advising the Exchequer. This is why the country is so utterly fucked. We have for at least ~3 decades now had an army of Dan’s running the major apparatus of state. They all float effortlessly between “think tanks” and other policy making and paid writing gigs without ever seeing a tax they didn’t like or a “rich person” they didn’t need to pay more tax. They drive the enshittification of the country through their complete lack of understanding on anything and a totally misguided sense of righteousness and ideology. Terminally linear in thought, they lack the mental acuity or ability to create value or yield in any way, common sense eludes them entirely, they can barely understand the first order consequences of their actions, let alone the second and third. The system attracts and retains the very least suited people in the country to making big economic decisions because anyone with any talent heads directly into the private sector. The system by default selects for retards, and they fail upward because the public sector, without the brutal feedback loops of the private sector, rewards survival over success. The compound effect of this is an embedded pseudo intelligentsia of “Intellectual Yet Idiots” on a never ending carousel of different ministerial roles. They are allowed 1-3 years of experience in one department and by the time they start to grasp the basics they are scurried along to the next department; “ok now you’ve got the basics of agriculture fancy having a go as defence minister?” Until we remove these Fabian saboteurs from the civil service, judiciary, NGOs, think tanks and other governmental and policy forming bodies, things will only get worse in the UK. It’s as guaranteed as their jobs despite abject performance.

@MomentumKevin @mattbcapital Fees?

@mattbcapital only reason people ever traded on Lighter was for the points If there's points being offered on Hyperliquid, wouldn't you just rather trade there instead of Lighter?

Vlad crashing out on the timeline about Jeff The insecurities are coming out He knows S3 is starting in 3 days and all of Lighter's volume is going to drop by 50% Very stupid to not TGE $LIGHTER before S3 drains your project of it's utility (points) in it's entirety Which is why I offloaded 75% of my points weeks ago Hyperliquid

@ToryWipeout They will? If they stay on 35k a year inflation will erode their spending power. If they get inflationary pay rises their take home pay won’t keep up as they will be paying more tax

A worker on £35k a year won't be any worse off as their wage and the threshold haven't changed. What you mean is if a worker on £35k increases their salary to £45k they'll be £8,600 better off?

@simonmaginn Because the continuous printing of new currency causes a whole load of issues? Isn’t that fairly obvious

Going to try this one again. If UK, a currency-issuer, can issue the currency it needs to fund its programmes, why does it ever need to borrow the currency it issues from the users of that currency to pay its bills?

@ToryWipeout Based on what changes? The additional taxes (freezing of allowances, 2% increase to income tax or EV tax? Or the salary sacrifice on pensions being abolished? Please do explain

The average person will become better off today, the same as the budget last year. The media will tell you otherwise.

@SerCryptoMuse @derteil00 Where/when?

@derteil00 They literally said it's gonna be next year February no? Or are people just this dumb lol

I see people panicking over Lighter's FDV on prediction markets going down. Remember - it's not caused by the market going down (or at least it's not major factor). It's because this market will resolve as "No" for every single position if they won't airdrop before 31st Dec this year. Read carefully the details, always!