Comments by "jjeffery worboys" (@jjefferyworboys8138) on "Will the rich leave the UK?" video.

  1. I have never understood why we penalise success and depress ambition this country. Everyone should pay the same rate of tax regardless of income, lets promote success and ambition. Higher tax receipts would soon follow. What ever decision you make, good luck.
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  2.  @kobemop  Did your parents drop you on your head at birth ?
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  3. Did your parents drop you on your head at birth ?
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  4. Non Doms paid tax on all UK earnings together with an annual fee of up to £60,000. They didn't pay UK tax on income earned outside the UK unless that income was brought into the UK. The notion that these people did't pay any tax is pure fiction.
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  5. I have never understood why we penalise success and ambition. I would tax everyone the same regardless of income and encourage everyone to earn as much as possible, thereby increasing overall tax receipts. Seems like a win/win to me.
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  6.  @kuramobay2445  Assets or net assets ? Suppose person owns a £10m house but a £10m mortgage, what would you do ? There are many people who outwardly appear wealthy but aren't.
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  7. Possibly but more importantly they could move their businesses outside of the UK. Getting the balance of taxing right is very complex.
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  8. You should if they own the company you work for or are its biggest customer.
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  9. No one seems to be able to define what wealthy is. If I own assets worth £100m and have £100m in borrowings, am I wealthy ?
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  10. When is an asset not an asset ? When you more than it's worth. The asset isn't mobile but money is.
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  11. The same asset could be both.
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  12. Our new Chancellor is Oxford educated and worked for the Bank of England. She is much better qualified.
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  13. You make a very convincing case.
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  14. It would be much fairer to increase the threshold to say @ £15k and then have everyone pay the same rate of income tax regardless of how much they earn. This incentives work, promotes ambition and encourages those who have the capabilities to generate large incomes to do so. The result is greater tax receipts. I can never understand why we penalise success and promote laziness.
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  15. Good point, inheritance tax being a prime example.
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  16. You really aren't very bright.
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  17. What is fair is highly subjective.
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  18. Are you seriously suggesting that anyone who owns a house worth more than £300k is rich ?
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  19. It's estimated that having a Royal family contributes @ £2bn a year to the UK economy, they cost a fraction of this. They are a great asset, I would buy shares in them if I could.
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  20. I have always found that people are really enthusiastic about taxing anyone but themselves. Why is that ?
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  21. Many also leave.
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