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Remember where I was, what my reaction was and how deflated I felt after they squared it up at 2-2 moments later with that Kane penalty.
You’re telling me this happened roughly 7 years ago already?
Mental. Time needs to stop for a moment man.
Say you made £1,000,000..
With the rumours Labour in UK are set to raise taxes significantly in the Autumn Budget next week..
They're talking about an increase in Capital Gains Tax to 39% and Inheritance Tax to 40%
So paying 39% on £1m leaves you with £610,000
Then if you want to leave that money to your kid after you pass..
They will have to pay 40% through inheritance tax
So 40% on £610k leaves them with £366k
By the time that money reaches them.. the $1m made will have reduced by almost 70% and taken by the government
That's not even taking into account the fact that fiat currencies have devalued over 50% across a single generation
Factoring in a further 50% reduction in purchasing power over their lifetime means..
They would be left with £183,000 purchasing power from an initial £1,000,000 made through hard work of the parent
No wonder why companies are pulling investment from the UK and the rich will leave en mass..
No wonder people are looking at other avenues to pass their assets onto their children..
No wonder we're seeking assets like #Bitcoin and Gold to protect our purchasing power..
The Governments are trying to fuck us at every corner.. and expecting people to bend over and take it