Critical Chipmunk

@Collectors_Way Income tax is still taxed the same if they're a billionaire. Here's the thing. Let's say you create a company and I invest £100 for 1 share, but there are 10m total shares. Your company is now worth £1bn and you're a billionaire, congrats. Doesn't mean you have £1bn cash.

@critical_chipmk You’re right, someone on say 200k a year might pay around 50% But billionaires pay a lower rate on their income

Billionaires in the UK: “I already pay enough tax as it is” As it stands under the current system you have managed to accumulate over ONE BILLION POUNDS IN WEALTH!!!! So it doesn’t feel like the current system has hindered you too much if we’re being honest 🤷‍♂️

@Collectors_Way Let's take this example: A footballer in the premier league earning £4m p.a. pays £1.86m in taxes and NI which is about 46% of wages. A less successful footballer in league two earns £80k p.a and pays £23k in taxes and NI, which is 29% of wages.

@Collectors_Way Where are you getting your facts from? Wages are already taxed progressively higher as you earn more

@Collectors_Way No I don't. I care about fair taxes. I don't see why people should pay more if they're more successful. Why is that fair?

@critical_chipmk Do you see all taxes as punishment? How grown up of you

@garyseconomics What would someone have to accomplish to be worthy of being wealthy in your view? Or do you just believe nobody deserves more if they contribute or create more?

Elon Musk: good or bad?

@Jonathan_Hinder Why don't you talk about wealth creation instead of wealth tax?

The Right’s response to a wealth tax is always “but it won’t work!” What I find interesting is that there is rarely an attempt to argue against it on moral grounds, because they know most people find such wealth inequality utterly grotesque. There is overwhelming public support for doing something about this - I mean, LOOK at that polling👇👀 So, why don’t we crack on with the most effective and practicable ideas? We know that a proportional property tax, while a bit less flashy, actually works, so let’s start there! @FairerShare

@Jonathan_Hinder Sure, I would also like someone else to pay for things and get free benefits. But that's not a solution, that's just a wish.

@YouGov It's interesting, given ~99.9% of Britons do not have more than £10m. Its going to be pretty one-sided if you ask people if they would like to do something that doesn't require them to pay, but someone else does. I'm sure 75% of Britons would also like other free things too

With former financial trader Gary Stevenson advocating for a wealth tax of 2% on wealth above £10 million in a TV show this week, our poll last year found 75% of Britons would be in favour of such a tax Link in replies

@Thekillerhertz @DanielPriestley @garyseconomics Who's they? If it's offshore how do you tax it? Are you saying we should take money from other countries? Isn't that what colonialism was? Should we also claim taxes in the USA as a former British colony? Oh wait we tried and they declared independence...

@DanielPriestley @garyseconomics Over the past five years they have taken out £2.3Trillion out of economy and it’s definitely not in the bank account of the workers or the poor and disabled Since 2019 offshore accounts of mega Wealthy increased from £15Trillion to £26Trillion There’s plenty of money to tax

Everyone is piling on to @garyseconomics - his wealth tax documentary has bombed. Even the Guardian has given it a 2-star review and watched in horror as experts and onlookers alike call his ideas a car wreck. It’s disappointing that he stuck to the same scripted lines that he said to me over a year ago. I raised the core issues with him back then and he did nothing to evolve his thinking. Now with all of that said, I want to urge that we don’t throw the baby out with the bathwater. Wealth Taxes won’t work but that doesn’t mean we can’t look for ways to improve things for people who are struggling. Gary’s popularity stems from a real issue. Millions of people see no way of keeping up with the costs of living. For millions of people in the UK their living standards are getting worse year on year and it needs to be addressed. Here’s my thinking: THE CAUSE: - technology is devaluing jobs by making them easy to automate, outsource or simplify. - we’ve had an un-targeted immigration policy that has flooded the UK labour market with millions of additional low skilled workers who compete with local entry-level workers. - we have a UK government that has exploded debt and spending. Government spending that doesn’t result in productivity gains creates inflation. - We have massive global businesses who do business in the UK but don’t contribute anything in tax revenue. They put local retailers, code shops and publishers out of business and move their profits to low tax zones. SOLUTIONS TO EXPLORE: - Special economic zones that offer lower taxes for small businesses that set up in parts of the country that need economic activity. - Broadcast licenses for social media giants. - IP licensing taxes for companies that take the piss with profit shifting. - Lower taxes for startups. Reinstate the Entrepreneurs Relief. Expand SEIS/EIS. - Allow home based businesses to claim childcare, cleaners, company car etc so they can run a better business. - Allow tax deductions for home renovations (other countries have seen massive stimulus from this). - Set up a British Sovereign wealth fund using oil and gas reserves. - Reduce regulations and get builders building homes. - Full support for the British farmers who create jobs and provide domestic food security. - Entrepreneurial apprenticeships. - Financial literacy and business skills taught in schools. What would you add to the list?

@DanielPriestley @garyseconomics How do we teach people to have high agency and critical thinking? Technology and knowledge is more accessible than ever, but why are only some people trying to leverage it to create value or improve their lives?

@Rainmaker1973 Pro tip: don't hit other cars or objects

Parking best practices [🎞️ master_driver666]

@BladeoftheS This is a nice misleading chart. "Note: Data depict the gross public pension benefit for an average worker in each country... " Says nothing about how much is spent on people not working. All it shows is that the government does not give as much public pension to working people

UK benefits are so high... That they are the lowest in the Developed World.

@BuyEnglishMade Most British people still don't seem to get that technology is not just some nerdy thing. Kids see football players and pop stars as role models, above people building technology which changes to world, whilst it's the opposite in silicon valley.

Arm was founded in Cambridge. It designs the chips in ~95% of the world’s smartphones- one of the most important tech companies on Earth, and it’s British. We sold it to SoftBank in 2016, spun as a post-Brexit win. In 2023 it IPO’d on NASDAQ, not London. Wall Street got the fees and prestige. London got the lesson. America blocks foreign takeovers of strategic tech on national security grounds. Britain sold Arm. We auction our future. They defend theirs. 🤬

@CookingHub_ Not sure if there's enough butter in there. Moar butter!

who needs a grill?

@ZackPolanski Sure - if you want to see 20% inflation and everything costing more

The Mail doesn't think seem to think workers, of all ages, are worth £15 an hour. That's fair pay for a fair day's work, with money workers will put back into the economy. We are the party for workers. Vote Green on 7th May.

@Darius1296 @rawespresso If you don't even try, how you gonna reach your potential?

@critical_chipmk @rawespresso Yeah, I have seen pigs fly

The UK economy works like this: You go to school for 13 years to learn things you'll never use. You go to university for 3 years to qualify for a job you could have done at 18, racking up £50K of debt that gets deducted from your payslip for 30 years. You start work on £30K. After tax, NI, pension and student loan you take home around £1,900 a month. You spend £1,000 of that on rent for a room in someone else's house, £320 on bills, £220 getting to and from the job, and £280 trying to eat. You finish the month just about breaking even and start the next one already behind. You're 27 now. You'll do this for another 38 years.

@Darius1296 @rawespresso Since you can't even be arsed to check: talents.studysmarter.co.uk/companies/hunt…

@Darius1296 @rawespresso I've seen fresh grads walk into roles at £100k+. There's no employer training them

@critical_chipmk @rawespresso International applicants get jobs because employers in their countries are willing to train them, whereas British enployers refuse to train Brits.

@BeanHundred @rawespresso Most people never try. They give up before they reach their full potential. If you're already taking a defeatist attitude, then why bother trying. The cycle repeats and you get nowhere. No point blaming others

@critical_chipmk @rawespresso But you have to be smart to do those subjects. Many people aren't.