How disgusting is a 50% tax on peoples earnings?
So apparantly we're all to blame for the mess this country is in. Funny that, I've made six figures for the past 3 or 4 years but still rent a property just in case it all comes crashing down and I have to drop a few rungs in the financial ladder. Prudent? That doesn't even come close to describing me. If I was to lend someone £10'000 I would want to see a lot of evidence that they can get it back to me. Imagine lending someone with a £40k salary 100 grand to buy a property in a buy to let, and not just one, 3 or 4. That's the cause of the problem, the greed of the masses. At the height of the boom, every other programme on Television was property ladder, or about buying and quickly fitting some new windows to your house, and then selling it on for double what you paid for it two months later, it was ridiculous. I never played a part in it, frankly I was amazed even then, without the benefit of hindsight that people were able to borrow MORE money than a house was worth, based on the notion that a few weeks later an even bigger sucker, borrowing more than it's worth would buy it off them. I've seen enough bubbles, most recently similar things (on less leverage) happening in the Internet stocks market to understand that the greater fool theory always ends in ruin for some. How about taxing those fortunate enough to have made a lot of money on the property boom, rather than those (like me) who played no part in it. I have cash in the bank, which has lost thousand with the lower interest rates, I have a salary which from next year (touch wood) will now be laregly taxed at 50%, lost my personal allowance not to mention that my Aston Martin (5 years old and third hand) has been scratched up twice in the last few months in the anti prosperity feeling around the country. I mean anyone would think I'm a criminal and I'm on some kind of register the way people treat anyone who does ok, and that's all it is in the grand scheme of the city, a few hundred grand a year is just a few up from bottom rung in the chain, I'm not kidding myself that I'm some kind of player!
How on earth is a 50% tax on us so called "rich", and believe me I'm not! Fair????? when so many sit at home doing nothing, and they get state handouts left right and centre
A&S … what kind of idiot rents and not buys?? Who the hell are you?? I could have bought a place for 700k last year that would be worth 500 now. My rent wasn't 200k …. if that's being an idiot, then damn I'm the stupidest idiot alive!!
also, tax from April 2010 will be 50% for those above 150k … do you not even read?? I suppose your paper of choice is too busy telling you about Jade Goodys memoirs …
cool hal
Kindly work out from 450'000? and would you be happy giving that much away from your own pocket to support a country you hate, and a government you despise more?
I can't move abroad sadly, but I am self employed, so can;t get stock as a payment
It seems you have a bit of an attitude problem . I answered a question of yours a few days ago, you hated my answer soooo much you gave me best answer just to get the last word. Well I back! It seems as though judging by you questions, money means a lot to you. You also like to boast on how much you make, again in both questions. You need to take a look at your self and perhaps find something else to occupy yourself with other than money.
I myself make a decent salary. 2 years ago I sold my property company and made a tidy profit (7 figures). I now am a self employed consultant. I have 2 houses, one in the UK and one in Florida. I am not that much in to cars, I see an Astin Martin as a show off car for people with little else in their lifes. I drive a 3l Vectra. It does me and is a nice car. I saw my family good after I sold my company, at the right time by the looks of it now.
I feel sorry for you in a way. I will be paying 50% to but I have a good life and dont worry about it too much. I live alot on interest from my savings. A point you made is if you give a loan you would go to the bother of checking whether you would get it back, a wise move if you dont know the person. I never loan to friends and family. I only give gifts.
Have a good life. You have to make one first as money is very low on my agenda.