Cameron good or bad for the UK? - Page 2 - GoFuckYourself.com

datingbanking · 05-11-2015, 10:24 AM

Quote:

Originally Posted by Manfap

You need to live abroad for a few years, you'll realise that the UK actually is pretty well run.

Actually live abroad.

And no the UK is not quite well run.

Compared to the Congo, yes, other places no.

Shap · 05-11-2015, 01:27 PM

Quote:

Originally Posted by roly

those buying million pound homes in london are just making london unaffordable for most people. that doesn't help anyone. and as far as "trickle down" ecconomics goes that's bullshit, why should an average worker pay 1/3 of his salary in tax and a wealthy person who can afford it pay nothing?

and as far as "Remove them from the ecconomy and watch the unemployment rate sore and the establishments throughout the core of london struggle and maybe even shut down." new york, LA, Paris, Barcelona aren't struggling and they don't have these antiquated tax rules that were setup 300 years ago and have no relevance now.

How are non doms paying nothing? Do you realize non doms are paying 15% land transfer tax when they buy properties? I don't see average worker paying that 15% land transfer or for that matter begging pay to pay their fair share of land transfer tax. Do you know non doms pay £40k a year just for non dom status? Pay nothing? Non doms add far more to the economy than you know.

Let's take the cities you mentioned.
Paris is in the shits. Real estate prices have dropped. Why? Because Hollande drove the rich out of france and right into the UK.
Barcelona... Not struggling? You want london to be more like Barcelona?
New York... that's the only fair example you gave. The problem is New York is the center of business for the US. The US is far bigger than the UK so naturally the business center for it will be far bigger. London is the size it is today because of the favourable rules it has in place. It encourages the richest europeans to keep their money in the UK. It is the safest place to have your money in Europe. The banking industry is huge in London because of the policies in place.

You remove the policies in place that attract money to the UK and you risk really messing with the economy.

What would happen if ireland decided to all of a sudden tax the shit out of all the tech companies set up there. You think the companies would say "ahhh you know what you are right let me pay my fair share. I'm in Ireland because this is a great country." lol hell no. They'd be on the first flight out of ireland and never look back.

Shap · 05-11-2015, 01:33 PM

Roly,

I understand the feeling that the world should be fair. But it's not fair. You are your neighbour will never pay the exact same amount in taxes. There is always someone doing paying less and someone paying more than you.

Removing non dom may make things fairer in your eyes but that will only be on the surface. If non dom were removed this is what I predict would happen
1. Majority of non doms would move their wealth outside of the UK.
2. That would have a major effect on everything in London from businesses to real estate etc. In fact it's safe to say doing that would cause a real estate crash in london.
3. the rich people will still be paying less tax than you. Why? Because they'll be paying for better tax advice, better tax structures and will find another way to beat the system.

So end result. London suffers. The rich still get richer. You still pay more tax than them. How is that a good thing?

Shap · 05-11-2015, 01:34 PM

Oh and to your point GOOD on a real estate crash in london it would make it more affordable? I imagine the government would disagree. I don't think they will like kissing away 15% land transfer fees they are getting on all these nice overpriced closets in london.

Jel · 05-11-2015, 01:46 PM

40k a year for nom dom, never knew that... so, about 6x the average workers tax contributions, plus all the extra spending. Yeah, seems a real bad idea

It's almost like one political party puts a slant on it to stir up emotions, but surely that would never happen

NatalieK · 05-12-2015, 05:42 AM

Quote:

Originally Posted by Manfap

You need to live abroad for a few years, you'll realise that the UK actually is pretty well run.

Policing, the NHS, help in general, housing, jobs, career opportunities, schooling & education, laws, rules, motoring & transport, roads, the way of life, it's very good, a very high standard of living in the majority of areas of the UK.

David Cameron was probably best choice other than Nigel Farage, some thing different. Better the devil you know

Still loving my life here in Spain, no help from the government, living on our own wage & enjoying the sun, sea, food & drink

roly · 05-12-2015, 10:06 AM

Quote:

Originally Posted by Shap

How are non doms paying nothing? Do you realize non doms are paying 15% land transfer tax when they buy properties? I don't see average worker paying that 15% land transfer or for that matter begging pay to pay their fair share of land transfer tax. Do you know non doms pay £40k a year just for non dom status? Pay nothing? Non doms add far more to the economy than you know.

Let's take the cities you mentioned.
Paris is in the shits. Real estate prices have dropped. Why? Because Hollande drove the rich out of france and right into the UK.
Barcelona... Not struggling? You want london to be more like Barcelona?
New York... that's the only fair example you gave. The problem is New York is the center of business for the US. The US is far bigger than the UK so naturally the business center for it will be far bigger. London is the size it is today because of the favourable rules it has in place. It encourages the richest europeans to keep their money in the UK. It is the safest place to have your money in Europe. The banking industry is huge in London because of the policies in place.

You remove the policies in place that attract money to the UK and you risk really messing with the economy.

What would happen if ireland decided to all of a sudden tax the shit out of all the tech companies set up there. You think the companies would say "ahhh you know what you are right let me pay my fair share. I'm in Ireland because this is a great country." lol hell no. They'd be on the first flight out of ireland and never look back.

they pay £30k if they've lived here for 7 years, lol, they are welcome to pay tax like everyone else that lives here if they prefer. for many i'm sure that £30k is nothing compared to the tax that would have been liable to pay.

also a lot of these nondoms were born here and have lived here all their life, but becuase they have a foreign father they can avoid paying tax. that's ridiculous and even uyo.

you seem to be under the illusion that london is a succesful city only because of this tax rule. for starters london is one of the great citys of the world and people want to live there, for everything that it has to offer. london is also the financial hub of europe and much of the world for many financial services - just as NY is. there's plenty of wealthy people that do live in london and still pay their fair share of taxes. ecconomists are undecided as to how much the country would gain or lose if this rule was removed, some would go and some would stay and pay.

datingbanking · 05-12-2015, 12:54 PM

Quote:

Originally Posted by GspotProductions

Policing, the NHS, help in general, housing, jobs, career opportunities, schooling & education, laws, rules, motoring & transport, roads, the way of life, it's very good, a very high standard of living in the majority of areas of the UK.

David Cameron was probably best choice other than Nigel Farage, some thing different. Better the devil you know

Still loving my life here in Spain, no help from the government, living on our own wage & enjoying the sun, sea, food & drink

Rose tinted glasses working well from Spain I see

05-11-2015, 01:33 PM	#53
Shap Confirmed User Industry Role: Join Date: May 2001 Posts: 8,313	Roly, I understand the feeling that the world should be fair. But it's not fair. You are your neighbour will never pay the exact same amount in taxes. There is always someone doing paying less and someone paying more than you. Removing non dom may make things fairer in your eyes but that will only be on the surface. If non dom were removed this is what I predict would happen 1. Majority of non doms would move their wealth outside of the UK. 2. That would have a major effect on everything in London from businesses to real estate etc. In fact it's safe to say doing that would cause a real estate crash in london. 3. the rich people will still be paying less tax than you. Why? Because they'll be paying for better tax advice, better tax structures and will find another way to beat the system. So end result. London suffers. The rich still get richer. You still pay more tax than them. How is that a good thing?

05-11-2015, 01:34 PM	#54
Shap Confirmed User Industry Role: Join Date: May 2001 Posts: 8,313	Oh and to your point GOOD on a real estate crash in london it would make it more affordable? I imagine the government would disagree. I don't think they will like kissing away 15% land transfer fees they are getting on all these nice overpriced closets in london.

05-11-2015, 01:46 PM	#55
Jel Confirmed User Industry Role: Join Date: Feb 2007 Posts: 6,904	40k a year for nom dom, never knew that... so, about 6x the average workers tax contributions, plus all the extra spending. Yeah, seems a real bad idea It's almost like one political party puts a slant on it to stir up emotions, but surely that would never happen