Starmer's vision quest

[Stevo 666]

Which do you think is more in need? the socialists skimming off the bottom or the capitalists skimming off the top?

The top 1% have an accumulated wealth of 1.02 trillion pounds. 1% of that would be 102 billion pounds.
The bottom 10% have less than £15.4k less. If you have that 1% to the bottom 10% they would get £36,000 per household.
That would cost the top 1% just £360,000 per household. They would still have £3.2 million left.

I think you're forgetting who generally creates businesses and jobs etc. And also who pays most of the tax.

 

[Stevo 666]

Says the spouter of tired, discredited, right-wing memes.
Are you still trickling down, old chap? Or have you bought some continence pads?

If you can't take a joke, don't align with a political philosophy that is one. It's also for losers, but I guess that's why it suits you.

 

[bobzmyunkle]

If you can't take a joke, don't align with a political philosophy that is one. It's also for losers, but I guess that's why it suits you.

Ooh err.

 

[BoldonLad]

No - brian's stat is that the top 1% have wealth of more than £3.6 million. There are 28.4 million households in the UK which means that 1 % is 284000 households, each of which has at least £3.6 million.

Hmm, that is fewer than I would have expected

 

[BoldonLad]

Quite possibly; of those 280,000 householders, there's no reason some won't be on the NACA forum. Perhaps they'll speak up and let us know?

What's your point, caller?

My point is, money in bank, property and pension pot, I would expected more than c300,000 have £3.6 million or more.

 

[Shortfall]

A couple of bits of light reading. I offer these as a counter to what I see as incredibly complacent attitude to the state we are in that I see on this forum. Doubtless some will dismiss these viewpoints because of who authored them and all I can say is "Stick around" and we'll see who is proven right by events. I'm not tribal about this, both parties have contributed to our downfall but to say that Labour are ill equipped to turn it around is an understatement of epic proportions. I don't expect Farage to work any miracles either in the event that he wins the next election (that could come a lot sooner than planned it crisis turns to catastrophe). Dark days lie ahead.


https://www.dailymail.co.uk/debate/...n-financial-disaster-Labour-angry-scared.html


View: https://twitter.com/LiamHalligan/status/1947287095283765532?s=19

 

[Pblakeney]

A couple of bits of light reading. I offer these as a counter to what I see as incredibly complacent attitude to the state we are in that I see on this forum. Doubtless some will dismiss these viewpoints because of who authored them and all I can say is "Stick around" and we'll see who is proven right by events. I'm not tribal about this, both parties have contributed to our downfall but to say that Labour are ill equipped to turn it around is an understatement of epic proportions. I don't expect Farage to work any miracles either in the event that he wins the next election (that could come a lot sooner than planned it crisis turns to catastrophe). Dark days lie ahead.


https://www.dailymail.co.uk/debate/...n-financial-disaster-Labour-angry-scared.html


View: https://twitter.com/LiamHalligan/status/1947287095283765532?s=19

I could chip in but I'd just be repeating myself and would get an Eeyore meme.

 

[CXRAndy]

Talk is, illegal migrants being moved to Canary Wharf from Epping. £200 a night per night- nice

 

[Ian H]

If you can't take a joke, don't align with a political philosophy that is one. It's also for losers, but I guess that's why it suits you.

It was a joke, you say! How amusing. Did you notice I replied with one?

 

[CXRAndy]

Labour borrowed £150 billion last year of which £110 billion was to pay interest on thr previous debt

Awesome

 

[CXRAndy]

Looks like Greece is doing the right thing


View: https://x.com/alexharmstrong/status/1947331522161250402?t=PBsYyl4mUmU41DHrt7LfuA&s=19

 

[Stevo 666]

It was a joke, you say! How amusing. Did you notice I replied with one?

Yep, but it was pretty weak.

 

[CXRAndy]

I know she said she wasn't interested in the top job, but......

 

[Stevo 666]

And quite a few farmers.

A wealth tax is a stupid idea. Put it at the level at which those who are caught by it can afford to pay it, and you get nothing because they work around it. Put it at a lower level and too many of the
people who are caught by it are put into financial difficulty.

Also it does seem that some proponents of the idea seem to think that most people have large chunks of cash just sitting around ready to pay a tax bill, when in reality most is tied up in house and pensions, and a lot of more liquid investments would incur a tax bill to turn into cash.

Wealth tax been shown to pretty ineffective as a revenue raiser: this article explains it quite well:
https://www.telegraph.co.uk/news/2025/07/15/daniel-priestley-entrepreneur-labour-wealth-tax/

 

[CXRAndy]

View: https://x.com/Artemisfornow/status/1947570652506165263?t=1dUpklopBv4WIodnAKo17A&s=19