Comments by "terrytees" (@terrytees) on "Is the UK government bankrupt?" video.

Gary's answer to the issue is nonsense. High-net-worth individuals are few are far between and have the luxury of mobility. Sure it sounds nice to blame all your issues on the boogeyman man but in reality it's not a grown up way of doing things. What do you expect to do outside of arresting a small group of people once they pass though your shores, jailing them and asset striping them, that money won't last long, even or so in the hands of incompetent governments? Notice how he didn't mention corporation tax, not even a peep.
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@mattyc1294 Another person that has no understanding of what the middle class owns vs the rich, the middle class buy there house were as the super rich rent it. Super rich don't own UK land, unless you are talking about the monarchy.
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@rfrisbee1 High net wealth people generally don't own physical assets such as that, it would be completely illogical to do so in a country that would tax you upon death. Physical assets such as gold would be outside of the FVEY alliance. Others assets that a country may have access to would be synthetic etf's, although most high net wealth individuals long ago made sure not to have residency within countries such as the UK.
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@MarkCW LMAO nice try but not only is there zero math behind your fantasy you also haven't got a clue what you are talking about. I hate to burst your bubble but CGT is a voluntary tax plus as already said only idiots and poor people keep physical assets in a 5 eyes country.
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@fat_biker What are you talking about? of cause they do, no one ever puts there physical assets in a five eyes country. You guys have no idea what you are talking about.
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@rfrisbee1 not the super rich, Einstein. The idea people have of wealthy land owners is comical and proves only one thing, they have fallen for the trap of distraction laid out from real wealthy corporations ready to buy all that land up under a cloak of net zero. In the mean while the UK will continue to asset strip it's own resources by doing such thing as taking land from farmers that are asset rich yet in reality earn less than minimum wage. The politics of hate and envy never end well, just look at history.
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 @DeWo-m6q Why?
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@brunsheimmasterbaitwilfrie2811 Crown dependencies are not part of the UK or EU, what are you going to do invade them? The Isle of Man has a longer running Parliament democracy than the UK or any other country in the world, so what you gonna do? get mad that they are better off then you are and claim it all belongs to you now? Again this comment section is full of people that haven't got a clue. Sure go ahead take the NHS off the IOM only to then realize that they pay the UK money for its use. There are not the same countries or the same population & would never in a million years wish to become British. But sure break them all off out of spite and watch the Isle of Man pay Ireland for it's military protection instead of the UK as well as adopt the Health System and the rest of the Channel Islands pay France that money instead. But sure go ahead, if it makes you feel better break them all off and just watch people move to Dubai, Ireland and so on. What you are suggesting is a closed economy system but may I take this moment to point out the obvious which is that no country, I repeat nothing, zero, not a single one operates in isolation today. Considering we long got rid of our manufacturing industry, and not to mention were are we getting the materials from, the UK would collapse within the week.
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@gordoncharles741 Name your 10% really I would really like to know, otherwise it sounds like a number you pulled out of thin air?
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@gordoncharles741 Vast majority of wealth in the west is held by boomers, almost a 5th of the trillions is within home owners property, meaning your gran and granddad who paid off the mortgage back in the days and own there home out right. Gary is a proven fraud BTW, you can look up his FCA record, he claims to have made million when the register proves he wasn't employed at that time, not to mention all of his old collages have called BS on him. Go read the FT article. He is a classic grifter.
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Any man that say's he was "the best F'in trader in the world" and the claim doesn't immediately set off your B-S meter well all I can say is check the ruddy batteries
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@ the UK would be doing great if 10% of the population was wealthy. The UK has the most deregulated mortgage sector in the world, it's the lack of regulation on the banking sector that is the clear issue.
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