The logic thing spolier

Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance.

Should they be made to contribute more? The tax system is already pretty 'progressive'.

I'd agree that the system is set up to maintain wealth.....that's human nature and I'm not sure how that could practically be changed without serious problems. At the end of the day people still lose wealth all the time.

I'd also agree that many factors play into someone's success, running the full circuit from luck of whom you're born to and where...to your genetics...which I suppose is still luck.

However outside of a few mega rich, not working hard is eventually going to change their collar colour back to blue within generations......So I'd venture that hard work is pretty standard across most successful people.

People may be presented with more opportunities than others....but they still have to be able to take them: a standard still has to be met.

When we lose that, and corruption and cronyism are most of what remains....then you will know that the spiral downwards is accelerating.

I would always agree that those born with ability from the working class must always have the opportunity to climb the ladder.....As that is the hallmark of meritocracy.

It should also be a responsibility that those that try and fail are also provided for to a level...and that's what happens in most cases despite the criticisms.

That's done even in an environment of ridiculous population increase.....our welfare and NHS bill is enormous....both are forms of socialism and something to be proud of if concerned over for the future.

Edited by Stirlingsays (22 Nov 2019 1.49pm)

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

I don't get Labour's obsession with taxation and more importantly their solution. Back in the seventies Labour had ridiculous tax rates the rich either left for America or had clever accountants that found away around it.

Thatcher cut taxes for the higher earners and the income the government received went up.

To me its not the tax rate that counts but the amount the individual pays to HMRC.

Rather than over complicated an already complicated tax system I would actually simplify it. Labour does not have to raise tax rates just make the better off pay what they are expected to under the current system.

I wonder how many billionaires pay 45% on all their income, I doubt any?

Just put these individuals in their own tax code and tell them they are is a minimum amount of tax that they have to pay e.g. £100,000.00. So it doesn't matter how clever their accountants are they have to pony up that or more.

One more point

This is Trump spin.

His tax cuts haven't been anywhere near as useful as he would make out. The US tax system is a bit different to ours, but basically the tax benefit of his cuts to those earning less than $80kish are a few hundred $ compared to the super rich.

Tax will always be a bit of an issue, because, unless you have a World government, so no one can escape taxes, you will have competition between countries. I'm all for a little corporation tax as possible, but I am in favour of a wealth tax, say over £20m and possibly even a revenue tax on companies whose revenue is over £150m. Could be 2/3%.

It's not so much the money that may or may not bring in but rather reducing the ability of a handful of people being able to influence our democracy.

Bit harsh on Obama. He did inheret the worst crash in 80 odd years.

What about having a Government investment branch. Where they replace the investor class