Comments by "Aden Wellsmith" (@adenwellsmith6908) on "Why is there no capital gains tax on houses?" video.

@helenheenan3447 No you are largely paying for council debts. Their borrowing where they have "invested" and lost billions. Then their pensions with massive black holes in the accounts that they demand get filled. It's not going on services you receive.
4
So if you have to move to a new location for a job, you have to take a massive hit on your wealth. Why do you need the tax? Ah yes, that massive pension debt that's been run up by the socialist welfare state. It's not going on services. Austerity for the peasants so Richard Murphy gets his pension.
3
@PotBanginEejit Let me explain. You need to put forward the costs of the services that you demand. Are they the cheapest way of getting them? Next you look at the tax needed to pay for them. In most cases, you can make them hypothecated. The uses pay for that service, no more, no less. A good example would be roads or state pension, rubbish collection. ie. All the things you talk about. Where you need a tax, is for common goods. Law and police, defence, democracy. That's about it. The rest should be based on consent. But I have an inkling you don't like a right of consent.
3
Because the state is desperate for money. It has to pay that debt that Civil Service accountants have hidden off the books. Pensions are not reported. So why are accountants like Murphy who work for the state hiding the debts?
2
@PotBanginEejit The problem comes with buy now pay later. Debt. What happens is that in the future you get austerity. Either cuts to services, or personal austerity where you are made poorer. If we take the state, its far worse. £16 trillion pounds of pension debts, is just negative wealth. On top zero investments. You've been asset stripped. You must get that. Wealth inequality Low take home pay cuts to services lack of investment pensioner poverty .... All a consequence of that decision, lets create a ponzi. Again I'm pretty certain you get that. But that causes you an issue. It's a socialist pension based on socialist redistribution and no capitalist investment. That causes you a major disconnect. So you go into denial about the debt, because that's easier than admit to the cause.
2
He's worried about his million pound plus civil service pension.
1
@sososoprano1 He wants other people to pay tax, get no services so he gets his millions of pension debt.
1
@sososoprano1 He's owed a pension. Certainly over a million, if not multiple millions. How can he pay himself his own pension?
1
@sososoprano1 Let me put it another way. Civil servants pay tax. Clearly. Where do they get the money to pay the tax? Or get out a piece of paper. Write on it, I owe myself 1 trillion pounds. Sign it. There you are. That's an asset. You are the worlds first trillionaire. Spot the problems? You cannot owe yourself money. You cannot pay yourself a salary out of nowt.
1
@sososoprano1 You lost more than that. Mr Average loses over 2 million because of the welfare state. Even more if you add the debts in. It's not a sensible idea at all. Someone just said to me, look you pay council tax to get street lights and rubbish collected. So I looked up Croydon's accounts Street lighting 5 million Rubbish 15.5 million Streets 2 million Total 22.5 million Taxes imposed 348 million. That's a whopping gross profit margin.
1
@sososoprano1 I've included the things that were mentioned as being the services. The general point is that at no point is it considered, do we need to provide this? Next, are we getting value for money? Then the question, has the state caused the problems? Is the state reporting or is it lying on the state its in? What should the state be doing and why? What damage is the state causing? Where's the right of consent? But the left never asks these. It's a one trick pony. More tax, more tax, more tax, roll on up, get your snake oil here.
1
@sososoprano1 1. We need a system where road users pay for the roads 2. It should be cheap to collect 3. It should be difficult to evade 4. Those paying get to control how the money is spent. So abolish VED and any car taxes Put the cost of the roads as a tax on fuel. The DLVA then just registers car ownership and driving licenses. Lots of money saved. For Electric Vehicles, when charging the charging network adds on their tax, and their car reports their usage. Collection is now simple. For diesel petrol, there are 7 refineries, so that's 7 cheques a month. There aren't many charging or EV companies. It's again easy to collect centrally. The scheme should build up a small surplus, for disasters. Replace bridges etc. I would even abolish all tolls. It's centrally owned and controlled, run as a not for profit by the users. What's not to like? Well if you are a government you can't make a 2-300% profit, but the users benefit. That's one example where it can be made cheaper, and to work better and simpler.
1
@sososoprano1 Rubbish. Again its easy. Unlike common goods, nothing wrong with private collections. You pay, you get a once a week, once a fortnight, even once a day collection. [Shops for example]. Given its a bit of a winner takes all, I would suggest a cap on market share in any one area of 25%
1
@sososoprano1 Health care is another issue. 1. Universal coverage is needed 2. Bad risks get insured They are the basic starting points. Next, the three legs to be split. Regulation is the sole role of the state. Insurance and supply of health care never to be combined. It's got a name. It's a Bismarck system. The NHS and Obamacare are Beveridge systems. Beverigde systems are bad. Bismarck systems, such as Holland and Switzerland are not. So why would you pay for a system that kills 20,000 a year from mistakes? Or this little story from the week =============== Surgeons operated on the wrong side of a patients body during one of four failed hospital procedures that should never have happened, a new report has shown. Four so-called "never events," that should not happen within the NHS were reported at Nottingham's Queen's Medical Centre and City Hospital from April 1, 2023 to February 29, this year, according to NHS England. The health body says between April 1, 2023, and February 29, this year, there were 345 serious never events. It added 22 serious incidents did not meet the definition of a never event. =============== Note. Just one hospital. Not even a full year. There are 1,921 hospitals in the UK 345 times 1,921 is 662,745. Serious Never Events. Minor Never Events don't count. Only 22? That number must indicate massive under reporting.
1
@sososoprano1 The problem is you do live in the world I've outlined. Belief doesn't change the reality. The state doesn't care about people. It's ripped them off. And I really mean a massive extraction of wealth. Now those people are vulnerable. So that's why the question, how much pension debt does the welfare state have, is THE question. Until you can answer that you won't understand why its dire, and why the results for people are going to be, and are now, dire. So try and answer that one question, and you will realise why I'm saying it. You think I'm advocating it, and you are wrong. It's actually you advocating for it. You are demanding the welfare state sinks even more into the debt mire. But you don't realise it, because you can't get that number. It's just one number. Why can't you find it?
1
@sososoprano1 There are no assets. It's unfunded. It's all debts. So payments in are not relevant. It doesn't change the debt. How big are the government pension debts? Assets - Zero.
1
Why do you need the tax? Ah yes, RM's pension. It's not going on services.
1
Trying living without a house. You'll miss what it produces.
1
@WarrenPeaceOG It produces shelter.
1
@WarrenPeaceOG No. We live in an economy dominated by debt and extortion by the state.
1
@PotBanginEejit What percentage doesn't? ie. What gross profit are they making?
1
@PotBanginEejit No it doesn't. Most goes on debts and other things. I've picked the last set of Accounts from Croydon. For some reason the recent accounts are missing. So we want rubbish collection and streets. Income. 348 million The Croydon and Lewisham Street Lighting PFI is a joint procurement project that has been developed to replace the ageing street lighting stock of both London Boroughs. The 25 year contract with Skanska-Laing started in August 2011. In 2019/20 the Annual Unitary Payment to Skanska-Laing was £11.0 m; PFI credits of £6.0m were received. 5 million a year in other words. Streets? Can't tell but the asset value dropped by 2 million. So assuming they get replaced/fixed, 2 million cst. Rubbish collection, looks like that's sub contracted out. 15.5 million 22.5 million a year for those things you talked about, against an income of 348 million. That's a massive gross profit margin. Even a water company would be blushing. Statement of Accounts 2019/20
1
@PotBanginEejit I've just posted spending numbers, not debt numbers.
1
@PotBanginEejit There's a lot of that today! 🙂
1
@PotBanginEejit Couldn't find it. Try the old dilute and repost. Add a chunk of garbage text to the end. The Algo can be trained on that. :-)
1