Chiamate per l’imposta sulla ricchezza come elenco ricco mostra £ 772 miliardi nelle mani di solo 350 famiglie

Steal all that money, every single penny, and you can pay for the state pension for ~7 years. Then it’s gone

Trickling down as i type this comment, will buy a house (miniature, one bed bungalow in central London) with my portion of the trickle down

Even just properly taxing housing would be a huge benefit. Council tax capped at £6k is insane. If we had a 1% market value tax it would not only generate hundreds of billions but it would also

1. tax wealth locked in residential housing (£9trn)
2. motivate older generations to actually downsize freeing up family homes in economic centres
3. help put downward pressure on high house prices.

High house prices alone are estimated to be a 20-30% detractor to GDP. Brexit is estimated to be 2-4%….

The problem with having *that much* wealth is that it snowballs, because you can just use your passive income to buy up all the assets. You don’t even need to invest smart because you have so much money even just 1 or 2 pc interest will be enough to buy a house every day of the year in perpetuity.

Which is precisely the problem. The core problem is that ultra wealthy people do not invest their money in productive ways, there’s no incentive for them to take any risk whatsoever because they can just keep on snowballing their wealth on the absolute slimmest of margins.

What needs to happen is either tax + redistribute… Or alternatively, you need to somehow force wealthy people to only invest in productive pursuits.

My idea… Anyone worth over 5 million pounds (or some other threshold, it’s not important) can no longer buy *existing* properties. They are only allowed to build new ones.

That one little line of code right there would go a long way. With no tax increase, and minimal intervention.

No, £772bn *worth of assets* is in the hands of 350 families. It’s not like it’s all cash in a current account you could take a few billion from with them barely noticing.

“Wealth tax” is a slogan, not a policy.

This mentality is killing the UK.

Instead of going after the rich with wealth taxes, we should instead be focusing on growth and actually growing the middle class.

France did wealth tax and it led to capital flight. They don’t work. The UK already has the highest taxes on the rich in the world. We should aim to focus on creating a productive economy, not finding scapegoats.

Yeah but someday I’ll be a millionaire and I dont want to pay taxes on money I will never spend

Those 350 families have enough money to bribe all parties. End of story.

People don’t understand, taxing things is a system for discouraging things.

Wealth tax isn’t just about getting the billions now, it’s about discouraging people buying 50 homes and putting assets back into the lower and middle class

At this point it’s not even about increasing the tax for them. 50% on earnings of a billion/pa is plenty, its more about closing the loopholes they are all using to pay almost nothing.

LOL this one again? There’s stupid and then there’s believing a wealth tax is a good idea stupid…

Let’s try it again, once more for luck; wealth is assets, assets are property, property is plant, buildings, land and businesses etc., tax that more and you do one of two things; cause a commensurate rise in prices or a commensurate loss in jobs.

Businesses only work if there is adequate return on investment, money in must exceed money out enough to make it profitable. Wreck that and away fly the businesses.

Plus, as we’ve already seen with the wealthy non-doms; the super rich just up sticks and leave, taking their money, tax revenue and ready investments with them to other countries. Same happened to Norway when instituting their wealth tax.

This whole “trickle down” thing is just the latest flat Earth fad, people have got to be stupid to not understand that money _flows_.

Meanwhile, the actual news here is that the UK saw more billionaires (and the tax they pay) depart last year than any year on record, due to the changes to the various tax regimes.

Great way to lower the tax take. Real smart.