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

  1. #71
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    Re: Two-thirds of millionaires left Britain to avoid 50p tax rate

    Quote Originally Posted by Cardinal Fang View Post
    I think the OP makes a strong argument that the old saying that says, fool me once, shame on shame on you. Fool me you can't get fooled again is a complete bunch of crap. There are people who will fall for the same dumb trick over and over and over again. Totally useless sources such as The Telegraph run stories such as this one like clockwork. Their numbers went down, so millionaires must be moving out of Oregon or New York City or Maryland or the UK on account of high taxes. No, they aren't. They are all still right where they were just a few years ago. They simply don't all make a million dollars or pounds anymore because of the Great Bush Recession. Poor people can and do pull up stakes when things are going particularly poorly, but wealthy people have roots. Like corporations, they do not go bouncing around the globe on the basis of a few extra cents worth of taxes. Rich people are wealthy enough not to have to care about that. Rich people care about the business, social, financial, familial, cultural and charitable networks that they have built up in an area over the years and are loathe to give those up. That's how the real world works. People who fell for the OP at face value seriously need to consider installing more RAM.
    I hear you. I knew the OP was factual nonsense -- all conservative memes are. I just like taking the meme at face value and showing how incoherent it is.

    The meme that the rich can't be taxed at a higher rate or they'll flee (a totally factualy false claim) resolves to an admission that conservatives aren't patriotic and admire the rich for putting greed about nation and community.

    That's how stupd the tea party meme is.

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

    Perhaps one of the things which confuse issues such as this, is what precisely constitutes a millionaire.

    May someone who has many millions invested in real and other property, but an income which is marginally under a million pounds (because of safe investments at a modest rate of return,) not be considered a millionaire? Conversely, could someone whose annual income is marginally greater than a million pounds, not be considered wealthy, but less so than the person above? Yet the first is not a millionaire by the simple metric of annual income, and the second is!

    I think there is a possibility that the Telegraph's article is a little simplistic, not to mention sensationalist.
    I hate the idea of causes, and if I had to choose between betraying my country and betraying my friend, I hope I should have the guts to betray my country. E.M. Forster

  3. #73
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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.
    No big deal, they'll put in stocks and make money by sitting on their ass all day.

    OR or, sell the 1 million dollar house, the multiple lexus' pocket all the cash, and leave with it, get some cheap ass apartment, and make money by investing millions in stocks every day

    you think rich people are stupid? Are you so niave that the government should be able to dictate when where and what people should do with their cash, and property, and whether they can move? why do you hate rich people so much?
    Last edited by DarkWizard12; 11-30-12 at 08:28 PM.

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

    Quote Originally Posted by Paul Austin View Post
    Thats twice you said that, & twice you made it up.
    Another bit of tumbleweed blowing through.

    Quote Originally Posted by Paul Austin View Post
    Youre missing important facts like the increase in foreign registeted directors of companies, who used to be registered British & a whole bundle of other facts & statistics that are endlessly rolled out in papers, on news bulletins & political shows etc.
    Where are the sources and links? Which ones document that "tax increases" were the cause of whatever you think the bundle of other facts & statistics were. Nobody is impressed by the fact that you could TYPE those words, you know.

    Quote Originally Posted by Paul Austin View Post
    They didnt all vanish to just below 1,000,000
    No, not all. Some of them died and left no more than a million dollars or pounds to any individual heir. Some of them actually did move abroad -- for dozens of different reasons all in all, taxes being not significant among them. But most of the missing simply lost enough ground to the effects of the Great Bush Recession that they were not above the preselected line anymore. There will be an inexplicable in-migration of millionaires if the British economy should pick up steam again. That won't have anything to do with taxes either.

    Quote Originally Posted by Paul Austin View Post
    Actually long term trend is that although many have left the country, between 2008 & 2012 the total number of millionaires has risen to a new high.
    There aren't any reliable data for 2012 yet, but it wouldn't be surprising given that almost all the income recovery in the US since the recession ended in June 2009 has gone to the already wealthy.

    Quote Originally Posted by Paul Austin View Post
    That was in the news the other week as well.
    You might need to pay better attention to what news you read.

    Quote Originally Posted by Paul Austin View Post
    Pesky thing facts...
    Especially if you're The Telegraph, one of the least reliable news sources in the western world.

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

    Quote Originally Posted by Cardinal Fang View Post
    Another bit of tumbleweed blowing through.
    There is no tumbleweed here in the UK

    Where are the sources and links?
    For which story?

    4 years is a long time. A lots happened. Which parts do you need explaining?

    Which ones document that "tax increases" were the cause of whatever you think the bundle of other facts & statistics were. Nobody is impressed by the fact that you could TYPE those words, you know.
    That doesnt even make sense

    No, not all. Some of them died and left no more than a million dollars or pounds to any individual heir. Some of them actually did move abroad -- for dozens of different reasons all in all, taxes being not significant among them.
    No tax being significant in a number of cases. Some of the more high profile cases even explaining it themselves on tv & in the papers.

    Anyone who follows British news knows this.

    But most of the missing simply lost enough ground to the effects of the Great Bush Recession that they were not above the preselected line anymore. There will be an inexplicable in-migration of millionaires if the British economy should pick up steam again. That won't have anything to do with taxes either.
    You didnt even read my post did you?

    The numbers gone up, so how can it go up from people losing money?

    Seriously, go to google. It was all over the news this last month...

    There aren't any reliable data for 2012 yet, but it wouldn't be surprising given that almost all the income recovery in the US since the recession ended in June 2009 has gone to the already wealthy.
    Dude you keep obsessing about the US economy but the UK isnt in the US.

    You might need to pay better attention to what news you read.

    Especially if you're The Telegraph, one of the least reliable news sources in the western world.
    Living here I have access to ALL our news services.

    Perhaps you should try them instead of talking complete fairytales?

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

    millionares????

    what about the multi billionares?

    The Royals?

    I believe the Rothschilds reside in London - they are supposedly the worlds only trillionares

    They havent fled?

    they must know someone high up - like Murdoch

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

    Quote Originally Posted by Paul Austin View Post
    For which story? 4 years is a long time. A lots happened. Which parts do you need explaining? That doesnt even make sense.
    Face the facts -- you've bought into a sham and a fraud. The numbers do not mean what the partisan shills have told you they mean.

    Quote Originally Posted by Paul Austin View Post
    No tax being significant in a number of cases. Some of the more high profile cases even explaining it themselves on tv & in the papers.
    The predicted anecdotes. The same sorts of attention-seeking hacks and partisans will be found anywhere and at any time. The goobers who cried that they were closing their businesses or firing 135 workers because Obama was re-elected all got on TV or in the papers too. Amazing how that happens, isn't it?

    Quote Originally Posted by Paul Austin View Post
    Dude you keep obsessing about the US economy but the UK isnt in the US.
    It's a multinational thing. You'll recall that I bundled the UK story with carbon copies published in this country concerning Oregon, New York City, and Maryland. The gamut of them amount to so much rubbish.

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

    Quote Originally Posted by Cardinal Fang View Post
    Face the facts -- you've bought into a sham and a fraud. The numbers do not mean what the partisan shills have told you they mean.
    Which partisans would they be?

    The ones on the right, or the ones on the left?

    They both loved this story.

    You see in your rush to make up your story, & defend it, without checking any facts, you missed the point that, apart from you who is making up a fantasy & trying to deny this story, everyone else, left, right & center has been trying to make political capital out of it.

    The right point to a number of millionaires leaving, & the tax hike & say the left are naughty for raising taxes & killing the economy.

    Meanwhile on the left, they point to the absent millionaires and scream tax evasion & demand tax laws are strengthened & loopholes closed, because its killing the economy.

    So which partisans do you think Im listening to, or do you just not have a clue about this at all?

    The predicted anecdotes. The same sorts of attention-seeking hacks and partisans will be found anywhere and at any time. The goobers who cried that they were closing their businesses or firing 135 workers because Obama was re-elected all got on TV or in the papers too. Amazing how that happens, isn't it?
    Not really, but the point is they exist, proving you talk crap.

    So, now that Ive generously given you both sides of the story, are you going to finish with your fairytales?

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

    Quote Originally Posted by Paul Austin View Post
    Which partisans would they be?
    Specifically, the ones at The Telegraph, since they are the basis of the thread.

    Quote Originally Posted by Paul Austin View Post
    The ones on the right, or the ones on the left? They both loved this story. You see in your rush to make up your story, & defend it, without checking any facts, you missed the point that, apart from you who is making up a fantasy & trying to deny this story, everyone else, left, right & center has been trying to make political capital out of it. The right point to a number of millionaires leaving, & the tax hike & say the left are naughty for raising taxes & killing the economy. Meanwhile on the left, they point to the absent millionaires and scream tax evasion & demand tax laws are strengthened & loopholes closed, because its killing the economy.
    The sound of pigs squealing is about the same no matter which direction it comes from. The data DO NOT mean what ANY of them are trying to tell you. Rich people are not abandoning this blessed plot, this earth, this England over a few pennies worth of tax, and the rich are not at all treasonous vermin for paying less tax as their incomes fell as part of a great global economic collapse that was engineered after all by the incompetence of Americans.

    Quote Originally Posted by Paul Austin View Post
    Not really, but the point is they exist, proving you talk crap.
    I previously TOLD YOU that some actually have died, and that others actually have left for dozens of different reasons, taxes being not significant among them. That one such can be found or even two would not undo the thought. You may raise up as many as a smattering of such, put them all on TV, and they will still be of no consequence whatsoever on the broad canvas of what is actually going on here.

    Quote Originally Posted by Paul Austin View Post
    So, now that Ive generously given you both sides of the story, are you going to finish with your fairytales?
    Those who refuse to face a plain and stark reality are the delaers in fairy tales. Whether you fell for the OP's counter-factual spin or for some other equally flawed version of it, you have a good deal of waking up to do.
    Last edited by Cardinal Fang; 11-30-12 at 10:12 PM.

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

    Quote Originally Posted by Cardinal Fang View Post
    Specifically, the ones at The Telegraph, since they are the basis of the thread
    Wheres your proof Ive listened to them above any other?

    Or is that another of your made up fairytales.

    The sound of pigs squealing is about the same no matter which direction it comes from. The data DO NOT mean what ANY of them are trying to tell you.
    The right, the left, the center, everyone in the UK is lying, & only you have the secret truth, except you didnt even know the number of millionaires had gone up?

    Now let me see, who should I believe?

    I previously TOLD YOU that some actually have died, and that others actually have left for dozens of different reasons, taxes being not significant among them
    Yes, youve told me a lot of things. The trouble is you made most of it up.
    .

    That one such exists or even two would not undo the thought.
    But we are not talking about one or two.

    Those who refuse to face a plain and stark reality are the delaers in fairy tales. Whether you fell for the OP's counter-factual spin or for some other equally flawed version of it, you have a good deal of waking up to do.
    You really are a fantasist arent you?

    Im going to have to remember this in future threads... you like to make things up.

    Ive caught you now so I know to watch for it.

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