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These 198 comments are related to an article called:

Who is rich?

Page 8 of 8

posted on 25/6/19

I have a mate who works in Pharmaceutical sales who earns more than a Doctor who has studied for minimum of 7 years for that position.

Sales people on the whole are vastly overpaid and yet they still moan. The cheek of it.

posted on 25/6/19

comment by meltonblue (U10617)
posted 31 seconds ago
comment by Glazers_Out (SE85) (U21241)
posted 2 minutes ago
comment by meltonblue (U10617)
posted 27 seconds ago
comment by Glazers_Out (SE85) (U21241)
posted 26 seconds ago
comment by Boris 'Inky’ Gibson (U5901)
posted 36 seconds ago
comment by Glazers_Out (SE85) (U21241)

posted 31 seconds ago

comment by meltonblue (U10617)
posted 1 minute ago
Just as aside as well, it's not just wages that matter too. I know people that earn low wages but are well off in terms of both assets and disposable income because of inheritance allowing them to build up sizeable equity and so don't have similar outgoings to others.
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I fall into this cateogry. I earn less than 40k, as does my wife, but we're mortage free at 34 thanks to well off parents.

Makes our lives a hell of a lot easier.
----------------------------------------------------
There should be some form of Parental FFP.
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You'd get around it then.
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Clearly we wouldn't!

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That's still to be seen. But let's not unravel that one today. I haven't got the energy.
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I meant we'd already been done for it anyway

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A slap on the wrist isn't what I'd call being done melts.

posted on 25/6/19

comment by TBone Steak Roysters (U3947)
posted 1 minute ago
comment by Ed The King Woodward (U10026)
posted 44 seconds ago
Tbone, just go for a bike ride when you get your tax bill.
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I do it relieves stress. I’d be locked up if I didn’t have cycling for therapy
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Explains your posting history.

posted on 25/6/19

It was pretty restrictive at the time! The squad restriction in particular.

posted on 25/6/19

comment by Ed The King Woodward (U10026)
posted 2 minutes ago
comment by TBone Steak Roysters (U3947)
posted 1 minute ago
comment by Ed The King Woodward (U10026)
posted 44 seconds ago
Tbone, just go for a bike ride when you get your tax bill.
----------------------------------------------------------------------
I do it relieves stress. I’d be locked up if I didn’t have cycling for therapy
----------------------------------------------------------------------
Explains your posting history.
----------------------------------------------------------------------
I only post unbiased and fair posts. Not sure what you are on about. You must be mistaken

posted on 25/6/19

We can use our newly found wealth to buy Italian bicycles.

Of course they'll be much more expensive when we're out of the EU but apparently they relieve stress.

comment by Samir (U2630)

posted on 25/6/19

comment by meltonblue (U10617)
posted 11 minutes ago
comment by Samir - Bottlers FC (U2630)
posted 30 seconds ago
comment by Obers (U3904)
posted 57 minutes ago
comment by Samir - Bottlers FC (U2630)
posted 1 hour, 6 minutes ago
This is the essential difference between Conservatives and others.....Rather than tax individuals high and spend, tax low which fosters a more competitive & prosperous economy which will deliver natural growth which in turn leads to higher tax revenue through indirect means.
======

I'm not saying that I follow this line of thinking, but the problem is I can easily flip this around and argue that higher taxes go towards a better NHS, education, social security, infrastructure etc. This means there are healthier and more knowledgeable people in society, helping those who are poor or disabled and reducing the wealth disparity between rich and poor people. This leads to a happier, more productive workforce and more jobs being created, which boosts economic development.
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Higher taxes often leads to less overall tax revenue to go towards public services though. Look up the Laffer Curve if you're interested
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The Laffer Curve is an economic theory though. It has also been criticised for not taking various factors into account and for favouring tax cuts for the rich. But this is besides the point.

The point is, Devonshire's scenario he created is completely theoretical and depends on various factors, as is the scenario I presented. The truth is it is rarely ever that simplistic.

"Higher taxes often leads to less overall tax revenue to go towards public services though"

Is there any actual evidence for this though? Because I can't seem to find any.

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Yes, we had that in the eighties. It's irrelevant though as we're talking much bigger numbers than now, b at in mind historically we're low already.

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On top of that, if this was the case (I wasn't around in the 80s), would you not say this was due to Thatcherite ideology rather than economic pragmatism/wealth distribution?

comment by Szoboss (U6997)

posted on 25/6/19

1) absolutely not
2) rich to me is being able to do whatever you like (within reason obviously!) without thinking about the financial consequences

Rather than tax cuts or raises, I’d far rather they focused on corporate tax avoidance.

posted on 25/6/19

comment by meltonblue (U10617)
posted 8 minutes ago
It was pretty restrictive at the time! The squad restriction in particular.
----------------------------------------------------------------------

If what football leaks are saying is true, then I'd say that was a result for you, melts.

In fact I don't think for a second that PSG n City's creative accounting has ever gone unseen. I suspect there's been some rather big payoffs in certain quarters. In fact I'd be very shocked if it hadn't.

posted on 25/6/19

"Yes, we had that in the eighties. It's irrelevant though as we're talking much bigger numbers than now, b at in mind historically we're low already.

----------------------------------------------------------------------

On top of that, if this was the case (I wasn't around in the 80s), would you not say this was due to Thatcherite ideology rather than economic pragmatism/wealth distribution?"

I think that was more evident in some of the deregulation rather than her tax policies.

posted on 25/6/19


Rather than tax cuts or raises, I’d far rather they focused on corporate tax avoidance.
=============================

I can't see Johnson being the person to take that on.

posted on 25/6/19

comment by Glazers_Out (SE85) (U21241)
posted 10 minutes ago
comment by meltonblue (U10617)
posted 8 minutes ago
It was pretty restrictive at the time! The squad restriction in particular.
----------------------------------------------------------------------

If what football leaks are saying is true, then I'd say that was a result for you, melts.

In fact I don't think for a second that PSG n City's creative accounting has ever gone unseen. I suspect there's been some rather big payoffs in certain quarters. In fact I'd be very shocked if it hadn't.
----------------------------------------------------------------------

I've got two main thoughts about it. Firstly, I think the main damage has already been done, in terms of the reputational one. Even if we do escape a sanction, then some people will just assume it's dodgy anyway (which is partly behind why we've already taken it to court, although it won't make any difference to the perception).

The second bit is I think people are actually looking in the wrong place. I don't think football leaks did show anything wrong with us and our accounting, I actually think it was Etihad that needed propping up due to the situation they were in.

PSG really is different, their whole model is. They've already got off in court though, which was entirely down to UEFAs own ineptitude.

posted on 25/6/19

comment by meltonblue (U10617)
posted 13 minutes ago
comment by Glazers_Out (SE85) (U21241)
posted 10 minutes ago
comment by meltonblue (U10617)
posted 8 minutes ago
It was pretty restrictive at the time! The squad restriction in particular.
----------------------------------------------------------------------

If what football leaks are saying is true, then I'd say that was a result for you, melts.

In fact I don't think for a second that PSG n City's creative accounting has ever gone unseen. I suspect there's been some rather big payoffs in certain quarters. In fact I'd be very shocked if it hadn't.
----------------------------------------------------------------------

I've got two main thoughts about it. Firstly, I think the main damage has already been done, in terms of the reputational one. Even if we do escape a sanction, then some people will just assume it's dodgy anyway (which is partly behind why we've already taken it to court, although it won't make any difference to the perception).

The second bit is I think people are actually looking in the wrong place. I don't think football leaks did show anything wrong with us and our accounting, I actually think it was Etihad that needed propping up due to the situation they were in.

PSG really is different, their whole model is. They've already got off in court though, which was entirely down to UEFAs own ineptitude.
----------------------------------------------------------------------
UEFA inept?
Surely you jest

comment by Szoboss (U6997)

posted on 25/6/19

comment by Boris 'Inky’ Gibson (U5901)
posted 56 minutes ago

Rather than tax cuts or raises, I’d far rather they focused on corporate tax avoidance.
=============================

I can't see Johnson being the person to take that on.
----------------------------------------------------------------------

I can’t see Johnson being able to dress himself in the morning so I hold out little hope of any vaguely sensible policy coming from him.

posted on 26/6/19

comment by _Viva_Vida (U6044)
posted 12 hours, 11 minutes ago
The tax cuts propose by BoJo seems like a gimmick to Tory members to secure votes.

The IFS did the forecast and said it would cost £9bn as laid out in the OP. Boris today has more or less promised increased funding for schools, police, social care and transport infrastructure. The two don't go together.

And yes, I regard someone who earns £80k a year as 'rich', 'well off', however you define it.
----------------------------------------------------------------------

Or hard working, but don’t define as rich. Say they are well rewarded for their skills and efforts.

posted on 26/6/19

"Or hard working, but don’t define as rich. Say they are well rewarded for their skills and efforts."

Like nurses and teachers, you mean?

posted on 26/6/19

comment by Boris 'Inky’ Gibson (U5901)
posted 14 hours, 26 minutes ago
comment by Glazers_Out (SE85) (U21241)

posted 31 seconds ago

comment by meltonblue (U10617)
posted 1 minute ago
Just as aside as well, it's not just wages that matter too. I know people that earn low wages but are well off in terms of both assets and disposable income because of inheritance allowing them to build up sizeable equity and so don't have similar outgoings to others.
----------------------------------------------------------------------

I fall into this cateogry. I earn less than 40k, as does my wife, but we're mortage free at 34 thanks to well off parents.

Makes our lives a hell of a lot easier.
----------------------------------------------------
There should be some form of Parental FFP.
----------------------------------------------------------------------

Must feel hollow being mortgage free at 34 when you haven’t earned it yourself though 😂

posted on 26/6/19

comment by gratedbean (U4885)
posted 45 seconds ago
comment by Boris 'Inky’ Gibson (U5901)
posted 14 hours, 26 minutes ago
comment by Glazers_Out (SE85) (U21241)

posted 31 seconds ago

comment by meltonblue (U10617)
posted 1 minute ago
Just as aside as well, it's not just wages that matter too. I know people that earn low wages but are well off in terms of both assets and disposable income because of inheritance allowing them to build up sizeable equity and so don't have similar outgoings to others.
----------------------------------------------------------------------

I fall into this cateogry. I earn less than 40k, as does my wife, but we're mortage free at 34 thanks to well off parents.

Makes our lives a hell of a lot easier.
----------------------------------------------------
There should be some form of Parental FFP.
----------------------------------------------------------------------

Must feel hollow being mortgage free at 34 when you haven’t earned it yourself though 😂
----------------------------------------------------------------------
It must feel brilliant.

posted on 26/6/19

comment by Winston (U16525)
posted 5 hours, 27 minutes ago
"Or hard working, but don’t define as rich. Say they are well rewarded for their skills and efforts."

Like nurses and teachers, you mean?


----------------------------------------------------------------------

Did I say they were well rewarded? I’m hard working, have key skills and am well rewarded. But never mentioned teachers and nurses.

posted on 26/6/19

Arouna Jagielka oooh I wanna take ya, Heitinga Nikica come on pretty mama (U1308)

The point just flew way over your head.

comment by bomdia (U13941)

posted on 26/6/19

I agree that £50k is not a very high salary to pay 40% tax (+ 1% NI don't forget) but I really don't think it will happen for 2 reasons.

1) Blustering Boris is an accomplished liar/avoider of the truth.
2) If Brexit happens with no deal the collapsing economy will give such a reduction in tax revenue as to make tax cuts impossible and benefit cuts a certainty.

I'm not saying Clueless Corbyn is much, if any better but this tax change will never happen

comment by Admin1 (U1)

posted on 26/6/19

comment by bomdia (U13941)
posted 3 minutes ago
I agree that £50k is not a very high salary to pay 40% tax (+ 1% NI don't forget) but I really don't think it will happen for 2 reasons.

1) Blustering Boris is an accomplished liar/avoider of the truth.
2) If Brexit happens with no deal the collapsing economy will give such a reduction in tax revenue as to make tax cuts impossible and benefit cuts a certainty.

I'm not saying Clueless Corbyn is much, if any better but this tax change will never happen
----------------------------------------------------------------------
decent comment!

posted on 26/6/19

comment by Winston (U16525)
posted 5 hours ago
Arouna Jagielka oooh I wanna take ya, Heitinga Nikica come on pretty mama (U1308)

The point just flew way over your head.
----------------------------------------------------------------------

Did what fly over my head?

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