Czuch: Czuch.. that's for pay over £150,000. Which affects about 1% of the population.

(V): Which affects about 1% of the population.

The most important 1%

How much of the gross income comes from that top 1%? I bet it is way more than 1% of the gross wages?

Do you think if I have a painting company that has made 140k this year and it is november, will I just take the month of December off for holiday, or will I continue to work and make more than the 150k that puts me in the 50% bracket?

Czuch: The Most important 1%!!! Really.. Mmmmmm So, those who do service jobs like take your rubbish away, keep your hospitals clean, the police, nurses, plumbers, etc. are not just as important?

Without these people, those top 1% earners would not be able to earn that money as the structure of the country is dependent on all services and workers. I mean.. that 1% is reliant on the companies workers to earn money.

And you really don't seem to know accounts, if a company makes 150,000 then that is not the wages the boss makes. All costs, etc are deducted as per Balance sheets and Profit and Loss statements.

And it is normal with good business to put some by to build up a reserve for future expansion, or to aim towards investment in the current business structure.

(V): The Most important 1%!!! Really..



Well, for a society that relies on wealth redistribution, take from the rich to give to the poor, the rich are the most important people, your socialism falls flat without the top 1% wage earners



You just get too literal sometimes.... I was just trying to make a point.... lets say this painting company is a self employed business and you are the only employee, or forget the painter.... but isnt it better to make 140k at a lower tax rate than to make 150k and get taxed down to 75k?

Czuch: You still don't get it do you Wages over £150K are taxed at 50%, anything below that is not taxed at 50% but at the rate for wages under £150K.

Ok,... clear??

As for 100-200 years ahead.. are you that much of a pessimist?

(V): not sure where I said anything to lead you to a different conclusion????

My point is, who takes home more money, you make 151k and I make 149k, me or you?

As for 100-200 years ahead.. are you that much of a pessimist?

No I am a realist.... you dont seem to mind when it comes to global warming, how what we do today will effect us in 200 years.... so why dont you care how raising taxes year after year now will effect your country in 200 years?

Czuch: No he's not

heavenlyemma: That was his quote, asking me, not mine asking him....

Czuch: Oh I am sorry, must clout Jules round head

Czuch: me...by just a few 100 or maybe a K.

Czuch, the measures are temporary. Saying tax rates will keep rising is not reality, and if you looked at how politics work and that governments change.. then to be realistic you'd have to say that there is a very good chance this new tax level may drop, or at least stay stable. Statistically in 200 years, anything we do now re taxes will have little effect then.

As for Global warming, I'm not looking 1-200 years in the future, I'm looking at what will my kids inherit as a world? We don't own this world, we are borrowing it from our descendants.

To be a realist, you have to understand, economics and various other subjects.. And I'm afraid, you saying someone will lose £75k when they get to the £150k wages mark says you don't understand, or, at the least, understand our country's taxation system.

.. Or are plain exaggerating

(V): Well, I already asked you if taxes on the most wealthy in your country ever go down when the economy is good for example? You never answered that one....

So also explain to me? When you say someone who makes 150k per year gets taxed at 50%, then how much taxes will the government take from them???

Czuch: I did say about taxes going down, and I did explain our taxation system sufficiently to give you an understanding.

And yet you are still not listening. So I ain't typing and wearing my fingers down any more.

(V): Okay Jules.... so 50% tax rate does not take 50% of your pay in taxes???

...and sorry, i dont remember it.... say again.... your tax rate on the wealthy 1% has gone down in good economic times?

(V): Question... do your wealthy ever get tax cuts??? I mean, when the economy is bad they get hit with a higher rate, do their rates come down when the economy is going along good?

My guess is the answer to that one is a big fat NO!

If thats true, then their taxes can only continue to be raised, maybe slowly, but over 100 years, or 200 years, where will they be then? Point is, that somewhere along the line you have taxed everyone to the max, you simply cannot tax someone more than they earn..... what happens then?

How do you grow an economy that relies on wealth redistribution, after the point where it costs more to sustain than there is money available to redistribute?