Seven-Eighths of UK millionaires have holiday homes in Spain
TurpentineEnjoyer on
*“three-quarters would be willing to pay more tax to ensure public assets get the funding they need, according to research.“*
The headline is remarkably deceptive. That line from the first paragraph alone shows that such a question comes along with conditions that we all know will not be met.
Nobody is volunteering to pay more tax for nothing, and nobody is volunteering to pay more tax for services that don’t benefit them directly or indirectly.
I’m not a millionaire and I’d love to pay more tax if I get to live in a golden utopia. But that isn’t going to happen. Taxes will go up, services will decline, and the council will wring their verminous little hands and tell us they’re strapped for cash despite any increase.
Also:
*“The research was carried out on behalf of Patriotic Millionaires UK, a nonpartisan network of rich people which campaigns for higher taxes on the ultra-wealthy, with members including the musician Brian Eno and the YouTuber and former financial trader Gary Stevenson.“*
lol. lmao even. Definitely an unbiased study, that one.
CaterpillarLoud8071 on
I’m sure they’re happy to pay more income tax, but that and most of the taxes we have at our disposal would kill any incentive to increase their productivity. Paying 70% of anything extra you make means you only make extra if you really enjoy it. That wouldn’t be good for anyone. If they pay more in VAT, that means everyone else is paying a lot more as well.
The only existing taxes we could really hit them with is inheritance or a mansion tax – and we know how much millionaire farmers froth at the mouth when you try to make them pay that. Not so happy to pay their taxes now. We need new, smarter taxes that encourage productivity.
Interesting-Lead-788 on
Very noble of them. I wonder if down the other end those on benefits would give up some money too.
Dry-Magician1415 on
It’s very very easy to SAY you’d do something.
Making voluntary contributions to HMRC IS a thing and has been for a long time. Every single one of these guys COULD essentially gift money to HMRC if they wanted.
Iamreallynotok on
Shame that last quarter has the most amount of power, recourses, and influence. Its almost like it benefits the other 3/4 to do nothing.
Ill_Shirt1182 on
It is not the millionaires you should be asking but the billionaires, there the problem.
fire-wannabe on
you can count me in the 25% that will say „no ffing way“, and will top that up with the most aggressive tax avoidance I can manage.
Successful-League840 on
If only someone had the power to actually do it. Let alone tax the big corps proportionaly.
Oh wait those in power are there thanks to these people. Nevermind.
GMN123 on
Why do I get the feeling a lot of these millionaires are retired with a valuable primary residence who are happy for income tax they barely pay to go up?
ShortDevelopment905 on
It’s easy to sit and answer a survey while still flying to another country the moment it actually is introuduced.
rhecil-codes on
Interesting, because there’s literally nothing stopping them voluntarily paying more tax right now, but they choose not to. I’m sure Rachel would love the extra help to try balance her books instead of having to keep taking more and more from working people who are having the purchasing power of their salaries decimated by the government’s inflationary deficit spending.
Objective-Access-570 on
yes, but 100% of billionaire Non Dom press barons don’t, so the poors will continue to fight against it like the good little sheep.
Anony_mouse202 on
If they want to pay more tax, they can. The Treasury (and the debt management office) accepts donations:
14 Kommentare
Seven-Eighths of UK millionaires have holiday homes in Spain
*“three-quarters would be willing to pay more tax to ensure public assets get the funding they need, according to research.“*
The headline is remarkably deceptive. That line from the first paragraph alone shows that such a question comes along with conditions that we all know will not be met.
Nobody is volunteering to pay more tax for nothing, and nobody is volunteering to pay more tax for services that don’t benefit them directly or indirectly.
I’m not a millionaire and I’d love to pay more tax if I get to live in a golden utopia. But that isn’t going to happen. Taxes will go up, services will decline, and the council will wring their verminous little hands and tell us they’re strapped for cash despite any increase.
Also:
*“The research was carried out on behalf of Patriotic Millionaires UK, a nonpartisan network of rich people which campaigns for higher taxes on the ultra-wealthy, with members including the musician Brian Eno and the YouTuber and former financial trader Gary Stevenson.“*
lol. lmao even. Definitely an unbiased study, that one.
I’m sure they’re happy to pay more income tax, but that and most of the taxes we have at our disposal would kill any incentive to increase their productivity. Paying 70% of anything extra you make means you only make extra if you really enjoy it. That wouldn’t be good for anyone. If they pay more in VAT, that means everyone else is paying a lot more as well.
The only existing taxes we could really hit them with is inheritance or a mansion tax – and we know how much millionaire farmers froth at the mouth when you try to make them pay that. Not so happy to pay their taxes now. We need new, smarter taxes that encourage productivity.
Very noble of them. I wonder if down the other end those on benefits would give up some money too.
It’s very very easy to SAY you’d do something.
Making voluntary contributions to HMRC IS a thing and has been for a long time. Every single one of these guys COULD essentially gift money to HMRC if they wanted.
Shame that last quarter has the most amount of power, recourses, and influence. Its almost like it benefits the other 3/4 to do nothing.
It is not the millionaires you should be asking but the billionaires, there the problem.
you can count me in the 25% that will say „no ffing way“, and will top that up with the most aggressive tax avoidance I can manage.
If only someone had the power to actually do it. Let alone tax the big corps proportionaly.
Oh wait those in power are there thanks to these people. Nevermind.
Why do I get the feeling a lot of these millionaires are retired with a valuable primary residence who are happy for income tax they barely pay to go up?
It’s easy to sit and answer a survey while still flying to another country the moment it actually is introuduced.
Interesting, because there’s literally nothing stopping them voluntarily paying more tax right now, but they choose not to. I’m sure Rachel would love the extra help to try balance her books instead of having to keep taking more and more from working people who are having the purchasing power of their salaries decimated by the government’s inflationary deficit spending.
yes, but 100% of billionaire Non Dom press barons don’t, so the poors will continue to fight against it like the good little sheep.
If they want to pay more tax, they can. The Treasury (and the debt management office) accepts donations:
https://www.gov.uk/guidance/voluntary-payments-donations-to-government
But I doubt that they’ll put their money where their mouth is.