Carol Vorderman wonders: "Should we get rid of the super rich?" | LBC
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- Опубліковано 18 тра 2024
- The personal wealth of Rishi Sunak and his wife Akshata Murty rose by £122m last year, according to the Sunday Times Rich List. The couple's fortune was estimated at £651m in the latest list, up from £529m in 2023.
This was mainly due to Ms Murty's shares in Infosys, the Indian IT giant co-founded by her father.
It means they are richer than the King, according to the annual list of the UK's most wealthy people. [Source: BBC News]
Carol Vorderman puts the question to the crowd, "Should we get rid of the super rich?"
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#CarolVorderman #RishiSunak #KingCharles #RichList #LBC
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Let me tell everyone (as an accountant) that the rich are NOT wealth creators they are wealth hoarders.
You wouldn't have a job without rich people. Wake up.
@@Dynasty1818 I’m self employed. Also it’s a lie that you wouldn’t have a job without rich people. What do you co-ops are and socialism. Capitalism is finished.
@@Dynasty1818 The super rich have no need to employ the masses. Governments and business do.
Self employed are just that. In any event business companies would not have a business without workers. Your comment is naive and somewhat pointless.
@@Dynasty1818😂😂😂 absolutely ridiculous 😂😂
@@Dynasty1818That's a total lie. In communist Russia people worked and had jobs.
Nobody I know is jealous or envious of the super rich . All they want is a fair playing field, when the manager of a hedge fund can boast he pays less tax than his cleaner, the system needs reformed .
To me it is an open question as to how you even define jealousy or envy. Do I think they deserve billions? Absolutely not. Do I think the money should be spent elsewhere to improve the lives of other people? Yes, absolutely.
Some people might call that envy or jealousy, but to my mind that just reduces those terms to utter meaninglessnes, because technically you could always imagine a scenario where the victims can be said to be jealous or feel envy towards the perpetrators who got away with it. Means absolutely nothing and amounts at best to emotionally manipulative language.
I'm envious of the proportion of tax they get away with not paying!
Is it a Quote by Sime Cartwright ( ex miner ) ?
Or just lower the cleaning lady's taxes.
@@CapAnson12345 sadly that just means the employer pays less. People take jobs that will put food on the table and a roof over their heads. They’ll do the same when taxes are lower, so they just get paid less but also pay less taxes.. so in real terms they get no more money, because people in need will accept lower pay as long as it covers the basics. If you get paid 3k today and they grab 1k in taxes you’ll have 2k to cover expenses. If they knocked half the taxes off you’d have 2500 left over.. but you actually just need 2k, so you’ll accept a job that will give you 2k after taxes… only the employers made money in this example.
Taxes won’t solve this at all. It’s easy to think that we’re being taxed to death, but the real issue is that it costs X amount of pounds to run the nation. If the workers get paid in peanuts, that does not make the country cheaper to run.. so they need to tax at a higher percentage to get the money needed. This is what happens when we slowly creep back to feudalism… we get rich lords.. we get rich landlords.. rich people get undemocratic power and they manipulate systems to benefit themselves at the cost of everyone.
If employees paid substantially more, the gvt could collect all the money it needed to run the nation while taxing people substantially less percentage wise. This is the solution. Ultra rich people serve no purpose, they are a bloodclot in the cardiovascular system of money flow under capitalism, and they must be treated as a bad symptom. Their effects must be limited, and we do that by grabbing their unearned money rather than continue to give them more money and change laws to benefit them.
This can only be solved by smacking the proverbial cash pinatas we’ve been stuffing with the meager reward for our hard work.
Time to stop being submissive to the rich. It’s pathetic. We owe them nothing. Their wealth builds nothing. It just grows. It does not trickle down below the upper middle class. They are separate currents of money flow.
Being super rich is a moral failing. Allowing them to exist untaxed is a bigger moral failing. Austerity is crime.
Absolutely 💯
Sententious twaddle...
We need to design the super rich out of existing. What happens when we have trillionaires, the super rich are just too powerful, they can avoid the law, not brother about having to pay small fines and expert too much influencë.
Its not a question of morality they exist because our financial system makes it possible including paying small levels of tax.
@@Moonflower945 - so the only way I can interpret this is that you DO think it is OK for children to be exploited. OK.
The rich are getting richer and the rest of us are getting poorer. Anyone getting it yet?
Not Daily mail readers
their billions have to come from somewhere, our pockets?
The 1% get 20% of income And hold 30% of wealth. Just like 100 years ago.
Less than 1% of the UK population own 70% on the land.
Money flows in one direction mate
Sunak makes £100,000 a day while sitting on his pile of money. Something is wrong with the system.
So what? Sunak earnt his money in the heady and risky world of USA corporate banking and hedge fund management long before he got into UK politics. Don't you like people earning money even if its a lot of money?
His type designed the system to benefit themselves but i have a strange feeling it is all going to end soon
@@kevinsyd2012 No I don't like him earning thousands of times more money than you or I do. He isn't working thousands of times harder than we are
@@kevinsyd2012where does that money come from? Ultimately from the sweat of real working people. Passive income should be taxed til the pips squeak.
@@kevinsyd2012 "heady and risky"? The risk of needing the taxpayers to bail you out when you misappropriate their savings?
People who couldn't spend their money in a 1000 life times. The Duke of Westminster has £8 billion. Did he work hard for that? No
He's that rich because he owns Mayfair. He owns Mayfair because one of his ancestors married the heiress to a grocery business. Nice work if you can get it.
@@roderickjoyce6716well I suppose it's only right if you put it like that
@@roderickjoyce6716 he also owns Liverpool One amongst other things
Wealth isn't money.
If he didn't, his ancestors did.
David Cameron said of Austerity, " We are all in this together..."
What I want to know is...
Where's my share!
Said he taking only a 100k+ salary.
Oh they love telling us we’re all on the same rowing team,…….. there just rowing in a different direction
@@richardcollis5576 Na, they're the little dude at the front just shouting and not rowing. The Cockswin/Coxswain..?
@@richardhowlett4097 This is a reasonable ammount and NOT super rich! All incomes over 250k per year should be taxes at a minimum of 50-70%!
The leaders of Communism said the same but then added some are more equal than others ... Really !!!
The poor WILL never have enough.
Because the rich CAN never have enough. 😢😢😢
🎉The rich will do anything for the poor but get off their backs.
Karl Marx.
The poor also spend half of the pennies they get on Cigarettes, Alcohol & Vapes!!
Let’s face it, some people deserve to be poor.
I've got enough. Satisfaction is definatly a mindset. Accepting having what one needs is a wonderful thing.
@@WJ1043
You then! 😢😢😢😢😢
If we tax the super rich they'll take their money to other countries, is their threat, but since they don't spend it in this country anyway, what difference would it make?
It was the same answer given about bankers being overpaid, they'd go abroad, but who'd give them jobs there?
Actually that's not true, for the simple reason that other countries are cultural deserts compared with the UK, and especially London. You can't go to art galleries, theatres and restaurants in the Cayman Islands.
Tax their wealth - property for example. You cannot put that in an offshore account. Stop tax loopholes now
@@JohnSmall314And they will be made to pay more tax in Europe or even in the USA
We need to call their bluff and let them and then remove the passports/lordships/peerages we gave them
We have more billionaires than ever before, and more foodbanks than ever before. Therefore the super-rich are not needed, as they do not prevent poverty.
Proving how successful the Tory party is. Their goal was to make the rich richer.
That includes everybody,it's not only tories who get rich Blair and his family are not exactly on the breadline come to think of it neither is Vorderman
@johnsidwell2241 But the Tories have overseen a colossal transfer of wealth from regular people to the wealthiest during their reign, and most of it occurred during the covid period.
That transfer of wealth translates to more poverty, poorer public services, more crime, more homelessness, more deaths of despair, and so on
Blair to his credit gave the working class some concessions such as the minimum wage and cut NHS waiting times.
@@johnsidwell2241 They’re NOW going to come for YOU and Carol, to make THEM even RICHER. If YOU except this you’re a FOOL. 😉
@@johnsidwell2241 When Carol is setting Government policy I will worry about her wealth. I would venture that Carol has done more for the poor people of this country than Sunak, even if Carol has done nothing for the poor. Sunak is actively making the poor poorer.
Why do you feel the need to defend those that would actively charge you and put you into debt for urinating on you just in case you set on fire?
@@Skygrey2943 Absolutely right. There was no need for austerity and low wages, and there will not be again if the big Corporations didn't have the ability to raise prices of goods, as and when they please, and Board members, along with shareholders being given far too much for doing nothing.
The super scroungers ... Their toolbox includes tories, austerity, wedge issues, and newspapers... They're masters of their trade.
And labor.
Rishi Sunak gets 8 million every year from a company still operating in Moscow Russia while most companies have boycotted Russia
Again I tell you, it is easier for a camel to go through a needle’s eye than for a rich man to enter into God’s Kingdom.” Mat 19:24
@@syriacchristianity9007
That's off topic.
That religion hasn't done anything but supporting the rich for 2000+ years.
Why should it be relevant now??
@@syriacchristianity9007 What's camels got to do with the UK super rich?
@@rayglenister9799 Lol, are you on the spectrum or something?
They’ve not boycotted Russia. They rebranded in the Russian market and carried on trading.
Austerity & the big society were the most successful gaslighting of a population EVER! Corrupt tories need to do hard time to repair the damage & for the future of our country!!!
Labour unfortunately aren't any better. No talk about taxing the superrich at all.
@@aries6776Soon as they say "Tax the rich the right wing press will go into full gear with claims of "pensioners to be taxed ££££," and so on. Labour is definitely looking at closing up loopholes that lead to tax evasion.
Kier starmer is no better that is true
Get rid of the Royals… it’s 2024…
Poor people still buy the lie that they bring in more than they spend.
100% agree. The figureheads of a scrounging super rich elite who have been leeching off the public purse far too long.
The monarchy has already collapsed. Long live the Republic of Great Britain!
@@user-tg9nn4nn9h They’re still feeding off taxpayers in Great Britain, and every other country that they visit. I’d hardly say they have “collapsed”. 😊
The super rich need us, not the other way around
yep, if I was super rich I would need you ...
The super rich usually employ lots of people. Often they run big businesses. If they're super rich they could afford to close those businesses and make all the employees redundant. Thankfully, they don't. Many ordinary folks wouldn't have regular incomes, own homes, drive cars, enjoy holidays, if rich people were not there. To say that rich people need you is like saying a dog needs a flea...
No we do not need them, no individual has any right to such gargantuan, unearned shares of the world's wealth!
Nobody owns any "gargantuan" share of the world's wealth. There isn't a single person alive who owns even 1000th of 1 percent of the world's wealth. Not even close actually.
Who did they steal from?
@@apap4950 From their workers.
@@Khalkara how did they steal it?
@@apap4950 By paying them less than the worth of their labor.
Don't think we need more billionaires . But what we COULD do with , is more people like Carol Vorderman who have outstanding talent at cutting through confusion to reveal the very murky practices of the powerful .
Absolutely agree with you. Carol has the knowledge and mathematical know how to be able to rebuttal the Tory BS.
As you say, we need more like her in the party of opposition to shut down these Tory idiot MPs .
I agree totally. Carol is a fantastic human being and is better than any politician we've had since Nye Bevan
Carol, are you writing your own PR stories again?
If I had Carol Vorderman's money I'd think myself VERY well off indeed...
She's not in their league and she works for it
As Carol pointed out she was poor but managed with support to get to Cambridge.
We don’t need the super rich, we need social structures that give people from all walks in a life a chance. If we stopped wasting talent the country would be the most productive and talented in the world.
Bring back grammar schools, then.
@@andrewhotston983I agree
What is wrong in being super rich. I am financial struggler. But I admire and applaud them. People should be encouraged to aspire to such not sneer at them and constantly bash them.
What's wrong with inheriting wealth Thier parents or whoever bequeathed them worked for it. Well done to them all both self made and inheritors
What’s getting to Cambridge got to do with anything ? So if you don’t get a degree I suppose you don’t deserve wealth. Try working hard for a living instead of going through life with envy. All this from the grifter who recently sold her property in Bristol for 3 million
Why should the King`s property be excluded from his wealth? After all, I didn`t vote for him!
No one else did either.
The Royal palaces belong ‘to the Nation’, not the Royal family. Apparently. The government gives them the money to run these places.
The Monarchy only exists with the consent of the people. Regular polls are taken and right now the majority support the Monarchy, so it really doesn't matter whether you voted for the King or not. The properties the King owns are not excluded from his wealth. Voderman must know the Palaces are not owned by the King but belong to the State. So I think she's being disingenuous, or otherwise she's too ignorant to be a political journalist. Buckingham Palace for example is partially open to the public, has banquet halls for State events and is a place of work with offices and staff etc. Just like the President of the United States doesn't own the White House but just occupies parts of it.
@@maryjones4029Balmoral is...as well as great swathes of prime farmland, and 20Million annually from duchy of Cornwall and 20million from duchy of Lancaster. You try asking for some of that and see how far you get. Oh!.....and most of the British coastline.
@@bryancrick640 Balmoral is not a palace and isn't excluded from the King's wealth. I was commenting on Voderman's claim the palaces should be seen as part of the King's wealth when in fact they belong to the State. There's a difference between what the Crown Estate owns and what the Royal Family own (their private wealth). The Royal Family don't own and can't sell the British coastline for example, and it's not out of bounds for you to explore.
Sunak earned £120 million in a year and he did not one thing to earn it.
Does Sunak seem a person who could generate £1.20 in a week if dropped in the real world?
He didn’t do nothing- he destroyed the economy, eroded public services and undermined public trust in government, the free press and judiciary
He acquired it, not earned it
Where did you obtain this information?
Of course it’s getting laundered here, that’s why Mogg etc wanted to turn London into Singapore-on-Thames 🤬
Well said 👏
Tax the super rich. Until this is done wealth inequality will continue to rise and the middle class will get swallowed up by losing any assets they have.
Redistribution of wealth simply tries to address the symptom of the current fiat money debt system and doesn't address the cause so it's useless.
Then who in the future will create jobs and open companies, one needs capital to start a business and create jobs,governments cannot create jobs unless they draw the capital from borrowing from other countries and the markets or through taxation which become oppressive and crushes entrepreneurial spirit so productivity drops and the
wealthy leave . I suggest you watch a few documentaries about the British political and economic scenarios of the 1970s
Perhaps a dose of realism and education would help ?
I’m certainly by no means rich,
But without wealth creators we will be wearing sackcloth and eating sliced white bread each day without butter !!!
The low paid should not be paying tax, no one until they earn over £25,000 should be paying tax,
what we should be doing is taxing the wealthy middle-class by increasing taxation on them, especially those well paid in the public sector because we certainly do not have world-class services considering the exorbitant amount of taxpayers money supplied to these sectors for those so called “qualified”people to manage those budgets on our behalf 🤷♂️🤷♂️
Take a look at the French economy, same size of population, and yet the healthcare system for example is far superior, with a similar kind of budget applied, and their economy is almost as big as ours ……..
@@janetjacks3406 wealth redistribution doesn’t address systematic issues such as education, job opportunities, discrimination and other structural factors, you’re right. Reforms in those areas are necessary. However redistribution of wealth can provide immediate relief for lower income individuals, and reduce poverty.
@@robtalbot8060 I just think this completely misses the point and this position of the state trying to do anything such as reforming this that or the other is more centralised control and they always make a mess of it anyhow. The system is not designed for people to become self sufficient but dependent and taking someone's wealth and handing it over does not solve how to get people empowered at all. The central bank was designed originally so the crown could go to war and stiff the common folk with bill, the debt is always put on the people and the purchasing power of the currency constantly diluted, just another hidden tax.
@@robtalbot8060 but wealth redistribution could fund education, and democratise job opportunities 🤔
Ever since the term 'cost of living crisis' was first coined, I argued that it shouldn't be called that. 'Cost of living crisis' implies that it's ordinary working public that's to blame for the crisis. Let's call it what it really is... A cost of greed crisis! I'm sure the likes of OPEC loves the Russian/Ukraine war because they could use it as an excuse to profiteer. There was no oil crisis. There was, and still is, plenty of crude oil without Russian oil. However, OPEC saw an opportunity to withhold oil production and raise prices. During covid, almost every big corporation again saw the opportunity to cash in. It's greed, nothing more.
Yeah the "inflation" on fuel post covid was a punishment on the poors because we had 2 years locked at home not driving (profits). Higher fuel costs mean higher costs across the board because everything needs fuel to transport it
Just like Carol, I am one that received a full grant to receive my higher education. Just like Carol, there is no way that I could have gotten that education on my parents' income alone. Carol is absolutely right. These student loans are despicable. They set up many of our youngest working generation with debt that further prolongs their path to financial security.
Student Loans often 50 thousand a student are ironic when the government tells people not to take on debt.
I agree that the student loans are despicable. But they were introduced under Tony Blair within a year of him taking office. The left wing pundits seem to never mention this fact.
9% of my salary every month seemingly for life for my student loan. Disgusting. It was never sold to me like that.
Why should my taxes pay for people to go to university to do Gender Studies or Black Studies? Humanities? Sociology?
It was Tony Blair, a Labour govt, who wanted to get around 50% of young people into higher education and university places increased considerably. It became unaffordable for everyone to have grants and this resulted in university fees being charged, because after all this was all paid for by the tax payer. This led to universities effectively evolving into businesses and lower standards. University became seen as a right of passage rather than attracting those who wanted to, and were capable of achieving academic success and filling graduates jobs. Those taking graduate jobs normally paid more tax which compensated for there being no university fees and for their grants.
They don't do anything with their money. They just stash it away and make sure they don't pay any tax on it.
They take out loans on assets that have a higher rate of return than the loan. They can literally live off the interest and pay no tax on those loans or assets.
Sadly that's not all.
Apart from using the spoils to buy influence and rig the system against everybody else they use disproportionate amounts of resources and buy influence campaigns to form society after their random ideas.
Not true
First and Foremost: How does one become a Billionnaie? Simply, denying those below them a decent salary or living.
Greed and inheritance in most cases.
Its hard to picture how different a million is to a billion, so remember this: a million seconds is 11 days. A billion seconds is 31 years.
Wow :/
Is it that really that hard ?
A thousand times bigger.
AND that is the USA billion, the British billion is 317 years.
@@fredforsythe8310 no one uses the British billion though
People who provide care for the elderly and/or disabled get paid the lowest possible wage. People who lend or invest other peoples’ money get the wealth of Croesus. Then we talk about British values.
Remember all the clapping for heros, that piece of theatre was great wasn't it. Pay raises would have been better
Gary Stevenson has explained a lot of this.
The more I listen to Carol the more I love her.
That's my wife you're taling about!
The question should be : is it ethical to have folks work for you but you get the lion’s share of what they produce?
This was all predicted when i was a teenager and thatcher, reagan et al started transferring wealth from society to those with influence and access
People work for you. Y are employing people. What's wrong with that
We need the super rich as much as we need a royal family...
We don't.
Yeah we need these billionaires who provide these ultra-low-paid jobs, luckily their workers can claim income support paid by the British tax payers. WIN-WIN for our ever generous TOP EARNERS, they are all heart!. 🤔🤫🤭😒.....
It's a crazy system my rent just went up 8% but it won't cost me anything as the Universal Credit will increase. And with work if I do overtime the Universal credit gets reduced . Its like an upside down system.
Wise man once said: ''Since we have a minimum wage; why don't we have a maximum wage?''
Tax inheritance at 90% for people with more than £20 million, including houses and land.
If they aren't held up in off shore accounts or registered as a company. What is it then?
99%.
Bit unreasonable.
50% above £5 million.
75% above £25 million.
@@stephfoxwell4620Ridiculous, more than can ever been spent exists to be wielded as a weapon against everyone else.
@@stephfoxwell4620 no one should be allowed to inherit enough money that they never have to work themselves. Basically everyone, wealthy or not, should be taxed at 100% when they die. I'd make it so you can leave your family money/assets equal to the equivalent of the average house price in the UK +50% (right now that would be around £500,000), then the rest is taxed at 100%.
Nobody is "envious" of thieves making off with the lion's share of the nation's wealth.
They pay 30% of all taxes though
@@anonomous8719From their offshore accounts you mean? As Carol pointed out, they aren't subject to the same tax as the rest of us.
@@anonomous8719and how much would it be if they didn’t abuse things like spouses non-dom status or off shore accounts to avoid paying it?
@@anonomous8719 No they don’t stop talking nonsense sheeple.
@@Discodave007licencedtothrill. coming from the sheep that following LBC propaganda 🤣 look at the stats
We absolutely don't need the parasitism of the super rich.
WE NEED A REVOLUTION! STOP PAYING OUR BILLS!
I haven't payed a single bill, except rent to the council since 2016.. Still got gas, electric, water and I don't struggle to eat. Anyone can do it, as long as they're not scared of people in uniform.
@alfsmith4936 the whole country would have them kakking their pants!
@@alfsmith4936 I will happily do it, once I am retired.
Thanks for this Carol
No billionaires ever, limit what one can keep for personal use per annum. It would still be millions but how much does one need.
Humanity is not sufficiently enlightened to share its abundance, until it is limits are needed.
Humans do not need recreational devices
@@apap4950 Tell that to anyone that's served time in solitary confinement
Absolutely ! The rich can’t get wealth without ordinary working people doing the hard graft ! We are all in this together so let’s treat everyone fairly & look after everyone …..fairly ! Tax the rich properly !
Start by getting rid ofthe Windsors otherwise known as the Saxe Coburg-gothas.
Mmm, obvious problem with that is that if politicians were the head of state we would have elected Boris Johnson as President.
@@JohnSmall314 Yeah but he got voted out. Unless I can challenge the monarch to single combat and then take the crown from their lifeless corpse (as was tradition) then they shouldn't exist 🤷♂🤷♂🤷♂
@@JohnSmall314 Remember when the US had the worst President in their history? Remember when they voted him back in (it's a coming)? Then he'll serve his last term and be gone, not stay for life then put Don Jr in charge (well he might but he'll have to change the law first)
Oy vey, that's anti semitic😅😅😅
@@JohnDoe-il7dp Yes,people don’t realise it but you only have to look at them to know it.
The truth around the world is that neither the poor nor the middle class have benefited by having billionaires in their countries.🧿
It's the rich that get richer from wars aswell
Well the next one doesn't look that far off, so we could be in a Communist Country soon so no need to moan about the Royals.
We NEED them to give it back
Yes we should they should have their wealth redistributed for the benefit of the planet and the public
How authoritarian
@@neil1839 And using wealth and power to refine a system that bring the rich more wealth and power while it keeps hard working people in relative poverty, such that they struggle to even buy a modest house or feed their family - is not authoritarian???
@@corvus1238 no, it's not because it's not being done to that extent.
@@neil1839you are naive.... I'm being generous.
@@corvus1238
Then you should have a go and try to take what is not yours.
I am not rich, but an honest individual who has financial independent means.
I would be willing to take on people like yourself. Come what may.
Remember when the top rate of income tax was 83%, when capital gains tax was the same as income tax?
You know, back when things actually worked?
Pepperidge Farm remembers.
In the 1970’s? Nothing worked then mate either.
@@Petersworld77 It worked until Thatcher came in🙄
only it didnt work cos they all left
Oh the 70's the 3 day week, black-outs & riots, yeah what great times
They told me it was trickle-down economics. Not trickle-up economics.
That just means they're peeing on us from such a great height its hitting the surrounding walls of our cages and trickling down them
It is trickle down...but the trickle is them peeing on you.
Yes we do need them in order to wealth tax them every year.
A wealth tax on the super rich would bring in 150 billion pounds a year.
This amount of money could right a lot of our wrongs and bring fairness back into society .
The whole world would have to agree
There’s societies waiting with open arms for that wealth to land on their shores!!!!!!
And you seriously believe they are paying all their taxes or spending money to find legal loopholes to avoid paying taxes? They put their money into safe havens and and offshore accounts/investments to avoid paying taxes.
@@denniskelly656 This is true. But if there were no super-rich in the UK we'd actually be better off because they wouldn't be around to inflate the prices of assets. Property prices would fall dramatically because they'd have to sell them off. Just look at Abramovich when he had to sell Chelsea on the cheap!
@@denniskelly656We can tax their UK assets, ie prime London houses and whatever shares they have etc
Like all price fixing schemes this would create shortages. In this case capital to start and operate businesses. The economy would sink rather quickly into a depression. But the real problem is.. what do you think the government will do when they run out of super rich to tax?
Having that much money is a serious mental disorder
well they should, more and more people are angry, more and more are hungry... it wont end well for them
@wonfor Then don't have children. Why should they suffer poverty too?
Get the pitchforks ready! The Tories have destroyed this country along with the sheep who vote them in and read the propaganda in the Daily Mail. That rag has a lot to answer for!
They make laws and legislation to protect them. There are loopholes they make to take advantage of protecting monies that can't be taxed.
Thatcher has a lot to answer for !
You will never get super rich to pay their fair share ever.
Sadly this attitude perpetuates the inequality, it’s “SIMPLES” don’t vote for the Conservatives or Starmers Labour US YOUR VOTE 🗳️ GREEN OR PROGRESSIVES INDEPENDENT that are funded by the little people. I’m old enough to remember Public OWNERSHIP but it is the attitude of THINGS WILL NEVER CHANGE that keep the STATUES QUO
Your VOTE 🗳️ is your SUPER POWER
heavily tax passive income and multiple property ownership to the point where it costs you money to own more than one home not make you money
passive income creates no jobs or prosperity
So how much tax should we pay on bank interest on savings? That's passive income.
That's incredibly authoritarian
I agree with the direction, but not the benchmark. i think a better (fairer?) measure is to proportionally increase tax from the point where the 'income' from passive earnings (e.g. rent) exceeds 120% of the average (london) living wage. the reason being is that some people may have multiple homes and thats their business, but whilst they are asset rich they are cash poor, some pensioners for example. so the threshold needs to account for that group.
@@timeforacatnap7556 fully agree, but don't forget that on here you're dealing with the great unwashed and ignorant of the world, so they have no understanding of money or the economics of wealth. They just want money to be taken from the rich and given to others so that the poor can do even less work and still be paid.
Btw - the Crown Dependencies are Guernsey, Jersey, and the Isle of Man.
Which we have to defend ... though we get not a penny from them in return. The Royals do very nicely out of them. Why are they Royal? Because their ancestors were successful thugs.
@@roderickjoyce6716 Incorrect the isle of man pays for it.
The only thing we have in common is we all end up in the same place 😂
You can also call it the people who pay the least tax list.
Look at the effort the tories are putting into criminalising Angela Raynor. 12 Manchester police on the case. How many tory mps have been found out to be evading tax, or warming their horses in winter at our expense.
The police are just as corrupt as the Tories. Two peas in a pod
Listen u need to look back at expenses scandal majority were labour mps , labour is never the answer SIR kia really.
I couldn't help but chuckle at her comments on whether we should get rid of the super-rich. It's truly refreshing to see someone who's spent thousands on personal enhancements speak out against wealth disparity. Your dedication to the cause is truly inspiring-nothing says "down with the elite" quite like a perfectly sculpted facelift.😂😂
Like mythical dragons perched on their horde of blood soaked treasure.
I don't want to be rich, I just don't want to be scraping by forever.
Agreed
The super rich live in a completely different strata of society. I don't think about them, and I'm not jealous of them, i dont' think I have any conception of their lives so I'd have to put emotional work into being jealous.
But I do think is that people getting five+ figure weekly incomes from their investments alone... would still be able to live incredibly lavish lifestyles if that income lost a zero. So it probably could stand to.
Sunak's Father-in-law's company, Infosys has close links to Israel. It did a huge deal in 2023 with BP. Netanyahu granted BP a new gas exploration license off the coast of Gaza/Israel AFTER 7th Oct 2023. One has to wonder whether this influences Rishi regarding the UK foreign policy with Israel. Gaza has a gas field called Gaza Marine and there is oil under the West Bank. Combined its said to be worth over $450bn. Follow the money!
Shh.. Nobody is supposed to know about that.
Just think their wealth increased by over 1,000% after the 2008 recession and GDP growth has been the worst extended period in recorded British history. Showing that their welath is not improving the country, as it means less investment and workers wages being squeezed to give them more
According to the UK debt clock, it exceeded £3 trillion a few days ago. Phil Moorhouse says that we were paying 16% tax in 2010, which has gone up to 21%.
@davesy Can't understand why it's so high...certainly nothing to do with the trillions spent on Lockdown!
It was 17/17.5%, then Hameron stuck it up to 20%, as soon as the Tories were in power in 2010.
The people need to unseat their leaders. And redistribute the wealth.
Not just in your country but in the world
We don't see any of their cash anyway as they are all abroad on their super yachts .
I don't necessarily have an issue with anyone who's successful, the issue is how they gained that wealth, what they do to keep it or increase it and whether they're held to the same standards as the rest of us or not. The problem is, the super rich seemingly have no issue with robbing people under dubious terms, skirting around legality, often just outright breaking laws for their financial gains. Yet they are treated differently because they have friends in high places, can afford the correct help and have a unfairly biased influence over the justice system.
I'm always somewhat amused when people blame the poor as a burden on society, I'm sure benifit scams exist and the benifit system is taken advantage of. But, the rich in the blink of an eye, can do 5-6 times the damage to society than a poor person on benifits can do in a year. (To do the math, 300 likely a month when you're on half decent universal credit, if you're lucky. 300 x 12 = 3,600. Keep in mind how many politicians regularly moan about 85k not being enough to live on.) How many rich folk do you know who wouldn't think twice about fiddling their expenses, or shady dealings if it gains them 10k? 50k? 100k? That's the issue, the playing field is nowhere near level and blaming the poor, instead of holding the rich to account is little more than a distraction.
CAROL i think the royals are the richest people in the world but you never find out because of the secrecy nobody could could get anywhere near the truth
Not one of them would be that rich if they would pay their fair share of taxes. To then "donate" a fraction of the stolen money to be seen as a philanthropist is not just ridiculous, it is criminal. Nobody needs them.
Highest GDP per capita post WW2 was when we had the highest income tax rate and every single time that tax rate came down, GDP fell. As the government had less to invest and companies had less incentive to invest, as investment is pre tax and therefore is a way to keep the money and not pay tax.
Anyone with wealth over a 100 million need to be taxed at 90% . No one needs this wealth or they can give it to charity.
Charity? A lot of charities have some of the highest paid directors in history.
@@AlunThomas-mp5qo but they aren’t earning millions.
@@jennifersivewright3117 So what?
I've said it before and I'll say it again: Remember when the VAT increase to 20% was going to be temprorary?
I love the way the USA celebrates successful entrepreneurs.
Thanks
They need to be taxed properly!
So she’s talking about everyone richer than herself. 😂
Yes she's talking about the super-rich because unlike Carol, they get away with paying very little tax.
People loose focus on the difference between a millionaire and a billionaire. If you got £1 per second you would become a millionaire in between 11 and 12 weeks, but it would take you 32 years to become a billionaire
Carol for Prime minister, I definitely wouldn't vote for any of the current self serving snakes
Chancellor, with Carol's skill set. A much fairer society for all.✌
100% what a difference she would make!!
Or get an A.I. Priminister like Sophie… no need to pay her… massive savings
@@jamespsyfer I think open AI or ChatGPT would require a subscription for that kind of processing power, well enough to fix the UK & right the wrongs✌
If trickle down economics worked, Victorian workers and peasants would have been affluent.
Y mean rich?
We used to actually tax millionaires and billionaires in the 1940s and the 1960s and the 1970s and even much of the 1980s but in the last 30 years we have chosen to give them lower taxes than the middle class
Also, if you look at the words they use between rich & poor it becomes more obvious. When the rich need help it's a bailout. When the poor need help it's a handout. They don't care at all.
Definitely abolishthemonarchy NMK
🤔 "... get rid of the super rich?" hmmm, what is being suggested here, exactly?? 😮
A Rich person will never understand the struggles and stresses of ordinary people who can’t earn enough to keep a roof over their heads. I watched a grandmother today who takes care of her three grandchildren almost collapse when her food bill came to £235 I know that poor lady will have gone into her overdraft. I was wishing I could help her but I only had £20. The grandmother was tall and very thin I can’t get her out of my mind. The amount of people suffering hardship in the UK is of the scale. Tax the rich who have prospered of the backs of the poor.
A lot of 'rich' people are wealth & job creators which benefits everyone in society
And the personal tax threshold for us proles has been frozen until 2027/8?? Which means even poor Pensioners are paying income tax on any pensions!! Disgusting
Why tax productivity (income) when an excess wealth tax would serve society so much better?
I think you've answered your own question. Those with an obscene level of excess wealth don't give a monkeys about society and they control politicians.
What is very noticeable over the skies where I live is the amount of small private helicopter flights that take place every day. If I saw one a week a few years ago it was rare, now I see 5-10 A DAY, every day!
If society cannot function without gross wealth inequality, perhaps it shouldn't.
They're getting super rich off the backs of the hard working public! Never in my working life have I received a bonus for simply doing my job. Recently some employees were offered the chance of overtime, except that instead of the traditional time and a half rate, they were to receive just an hour off per hour of the extra time worked thus saving management about seven or eight quid an hour. And, presumably they would get that time back when the management says so!
We need universal basic income .
You ought to do do some research on UBI before coming out with something goofy like that. It's being trialled in some Dem states in the US. Find out how it's going.
Ubi is interesting. We have the haves and have nots. The haves are very against UBI. The people who have nothing like myself are usually in favour of UBI. We just want a waybto pay for food and housing. Something that's getting harder all the time with normal money being inflated away.
@johnburrows So Sunak gets even more. Brilliant!
@@chrishart8548 Chris, have you any idea where the money to pay for UBI will come from? Have you ever heard of the phrase "there's no such thing as a free lunch"? I heard it all the time growing up but today's society doesn't seem to have cottoned on to that truism. If you're getting 'free money', have you thought about what will be demanded of you? Would you like UBI to be your only source of income?
@@chatham43 I think people are going to loose it all anyway.
Nobody needs the rich.
Carol, you're a star. You manage to explain a complex subject in a way that hopefully will enlighten everybody to the truth about the modern UK. Best wishes.
The monarchy. An obscene show of privilege and entitlement, it needs to go
Other than the Green Party, are there any other parties who would introduce a Wealth Tax? Genuine answers welcomed
No we don't need them because they don't pay tax like us. Its the taxs of the working people which funds all the services.
They should pay tax on all their income, assets, wealth just like us. It has to be fair.
Large organisations get away with not paying full tax on business profits.
As long as people think "if you work hard you'll make it" we are lost.
Carol, you have asked the most vital of questions. You personally are a person who cannot have the numbers wool pulled over your eyes. Unless the UK public wake up and start loudly asking the same question, our childrens children will have much poorer, restricted lives than us. Brilliant question you are asking. Social mobility is definitely out of the windows.
Sunak benefits from a company that continues to get millions of pounds in government contracts and happened to sign a billion-dollar deal with BP for north sea oil just two months before Sunak unveiled new oil drilling licenses, but yet his wealth is a 'private matter', with 'no conflict of interest', and we should all 'just shut up and go away'. OK the last bit is assumed, but the guy telegraphs his emotions like a toddler.