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Thread: Two-thirds of millionaires left Britain to avoid 50p tax rate

  1. #11
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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by Paschendale View Post
    So then why are these people still allowed to benefit from their earnings in the UK? If they leave to avoid taxes in their home country, then they should not be allowed to profit from any holdings they have there. It's that simple. If you want to benefit, you have to put back in. If you abandon your nation, then your nation takes back everything it gave you, and people retain everything they built to help you get rich. Nations and the people in them are not for plundering by a few powerful vultures.

    This is part of the trend for the upper upper class to remove themselves from the community of the rest of the world, employing hush hush banks in one nation, holding companies in another, and hiring workers in yet another. These people have no loyalty to anyone but themselves, and clearly have no loyalty to any of the people they're interacting with along the way. No nation should house or protect them, and their holdings should be sacrificed. If they won't show loyalty to anyone else, then no one should show loyalty to them.
    And now we here from the socialist-fascist crowd. What you are advocating is pretty much what Nazi's did to the Jews and the Soviet Union did to East Germans. You would hold people in a country hostage and confiscate their wealth. In short you advocate turning a country into a prison.

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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by sawyerloggingon View Post
    The question is will obama and the Democrats learn anything from this.


    "Almost two-thirds of the country’s million-pound earners disappeared from Britain after the introduction of the 50p top rate of tax, figures have disclosed."


    "In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs.

    This number fell to just 6,000 after Gordon Brown introduced the new 50p top rate of income"

    : “Labour’s ideological tax hike led to a tax cull of millionaires.
    Far from raising funds, it actually cost the UK £7 billions in lost tax revenue.


    Two-thirds of millionaires left Britain to avoid 50p tax rate - Telegraph
    I've learned that the US top tax rate, even with the expiration of the Bush temporary tax cuts, is still lower than that of the UK.

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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by Paul Austin View Post
    Well firstly many abandon the country completely, so your argument doesnt apply to them, but secondly we now live in a world of global companies so a lot of CEO's etc. live abroad & you cant demand they all live in all the countries they operate in, nor pay tax in them all, & they will pick the best one for them.
    Theoretically, taxes should be paid in the country in which the income was earned.

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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    I think what people are missing is that there is a difference between being successful and being rich.

    One should be honored and the other despised.

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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by sawyerloggingon View Post
    And now we here from the socialist-fascist crowd. What you are advocating is pretty much what Nazi's did to the Jews and the Soviet Union did to East Germans. You would hold people in a country hostage and confiscate their wealth. In short you advocate turning a country into a prison.
    Taxing the rich 3% more is like what the Nazi's did to the Jews?!

    I think it's important to reflect on this chart

    http://en.wikipedia.org/wiki/File:Ef...igh-income.png

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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by blaxshep View Post
    I think what people are missing is that there is a difference between being successful and being rich.

    One should be honored and the other despised.
    Not necissarily despised, but certainly not revered as "Job creators"

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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by JRog View Post
    Theoretically, taxes should be paid in the country in which the income was earned.
    & how does that work when the head of a multinational doesnt set foot in that country?

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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by JRog View Post
    Taxing the rich 3% more is like what the Nazi's did to the Jews?!

    I think it's important to reflect on this chart

    File:Effective tax rates, US high-income.png - Wikipedia, the free encyclopedia
    Yet another lib misquotes me in a vein attempt to distort my position. Confiscating the wealth of a rich person if they leave the country is like what the Nazis did to the Jews. You are either being willfully dishonest or your reading comprehension level is that of a 5 year old.

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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by JRog View Post
    Not necissarily despised, but certainly not revered as "Job creators"
    Think of it this way if we were a colony of ants one single ant would have an entire football stadium filled with food and the rest of the colony would labor to maintain this gluttony. I think despised is far more generous than they deserve.

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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by blaxshep View Post
    I think what people are missing is that there is a difference between being successful and being rich.

    One should be honored and the other despised.
    Why do you despise the rich?

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