National News The Brexit Thread 🇬🇧🇪🇺

[MC Yellow]

If the bein

I'm sure well informed Brexit supporters will be quick to post evidence that refutes my dismal prognoses.

Prognosis is an opinion of a likely outcome.... The clue is in the meaning.

Some people have a differing prognosis to yours.

It doesn’t mean they are correct any more than you are.

At the end of the day it boils down to a differing point of view.

So far most of the negative stuff you have posted boils down to an increase in administration and requiring a passport that has more than six months left on it.

 

[Oslernorth]

When in the history of man has wealth distribution ever been equal???

That is a serious question and I would really appreciate your detailed evidence to suggest otherwise.

It never has. What you can do though is create an economy with as many wealth creation opportunities as possible for people to take advantage of.
Brexit will of course create opportunities for some people, but the actual overall number of opportunities available will reduce now there are more barriers to trade.

 

[QR]

When in the history of man has wealth distribution ever been equal???

That is a serious question and I would really appreciate your detailed evidence to suggest otherwise.

It's about extremes of inequality and the consequences of such. If you have amazon prime have a watch of Capitalism on the 21th Century.

 

[YellowTaxi]

It doesn’t all “boil down to a differerimg point of view” -some things are objectively the case. All British citizens have fewer rights than they had two days ago.every U.K. citizen could travel or work any wherein the EU as long as they wanted with legal rights to reciprocal health care and any other benefits available to the citizens of that country.

.
Some may think this loss is unimportant or compensated for in other ways - that’s a different matter.

what’s of most concern to me is that few are able to clearly articulate advantages of Brexit and the government has a history of flat-out lying. They are doing it tonight about there being no border in the Irish Sea.

 

[Wallop]

When in the history of man has wealth distribution ever been equal???

That is a serious question and I would really appreciate your detailed evidence to suggest otherwise.

China is a Communist country so presumably wealth is spread equally there? oh wait......

 

[bazzer9461]

And I'm very pleased for your uncle but you are completely missing the point. Possibly deliberately, possibly you don't see it.

Oh I do, yes we are a wealthy nation, you say the wealth is in a few hands, because? They’ve earned it at the expense of hard working people, and that can’t be because of Brexit or the government, so why is the wealth in the hands of few?
I’m not trying to be argumentative.

 

[MC Yellow]

China is a Communist country so presumably wealth is spread equally there? oh wait......

I assume you are supporting my point ??.. Conservative government, Labour government, Brexit, no Brexit, Communist etc, etc...... Wealth has never been distributed equally.

 

[Wallop]

I assume you are supporting my point ??.. Conservative government, Labour government, Brexit, no Brexit, Communist etc, etc...... Wealth has never been distributed equally.

Correct. I think most humans would support equal wealth for all but no society has ever achieved it.

 

[38yearsofpain]

When in the history of man has wealth distribution ever been equal???

That is a serious question and I would really appreciate your detailed evidence to suggest otherwise.

By definition if wealth is equally distributed nobody is wealthy in that society, that is just basic maths.

 

[QR]

Oh I do, yes we are a wealthy nation, you say the wealth is in a few hands, because? They’ve earned it at the expense of hard working people, and that can’t be because of Brexit or the government, so why is the wealth in the hands of few?
I’m not trying to be argumentative.

Inherited wealth, off-shoring of profit to avoid tax, on the one hand, the gig economy, globalisation and the reduction of workers rights on the other. Brexit will allow this to not only continue but become more extreme.

 

[LowerSouth]

Inherited wealth, off-shoring of profit to avoid tax, on the one hand, the gig economy, globalisation and the reduction of workers rights on the other. Brexit will allow this to not only continue but become more extreme.

The latter will only happen if Parliament allows.

 

[werthersoriginal]

Oh I do, yes we are a wealthy nation, you say the wealth is in a few hands, because? They’ve earned it at the expense of hard working people, and that can’t be because of Brexit or the government, so why is the wealth in the hands of few?
I’m not trying to be argumentative.

Well, places like Sweden are wealthy but have the wealth shared more equally than here, through their taxation system and cultural expectations. It’s generally regarded as a good and happy place to live, despite the weather, but wouldn’t necessarily suit more individualistic Brits

 

[bazzer9461]

Inherited wealth, off-shoring of profit to avoid tax, on the one hand, the gig economy, globalisation and the reduction of workers rights on the other. Brexit will allow this to not only continue but become more extreme.

And those who use offshore for tax gains should be penalised as regarding Brexit now helping to contribute to this issue hopefully Rishi Sunak will clamp down or if not at the next election and Labour should happen to win then whoever would be responsible will deal with it, although the Blair/Brown administrations didn’t do a lot either.
It would be politically suicide for any government to reduce workers rights,
But afraid moving with the times the gig economy will continue.

 

[MarkG]

And those who use offshore for tax gains should be penalised as regarding Brexit now helping to contribute to this issue hopefully Rishi Sunak will clamp down or if not at the next election and Labour should happen to win then whoever would be responsible will deal with it, although the Blair/Brown administrations didn’t do a lot either.
It would be politically suicide for any government to reduce workers rights,
But afraid moving with the times the gig economy will continue.

What about people who avoid tax onshore ? Like making pension contributions , ISAs , SIPPS ?

All legal ...

 

[YellowTaxi]

There's a huge difference between those who use government schemes to encourage saving and investment or paying into their pension (usually with limits of a few thousand) and those who use offshore schemes devised to ensure that the beneficiaries avoid paying millions, if not billions of pounds - cheating the country of the funds to invest in schools, hospitals roads and infrastructure

Hope that helps.

 

[QR]

And those who use offshore for tax gains should be penalised as regarding Brexit now helping to contribute to this issue hopefully Rishi Sunak will clamp down or if not at the next election and Labour should happen to win then whoever would be responsible will deal with it, although the Blair/Brown administrations didn’t do a lot either.
It would be politically suicide for any government to reduce workers rights,
But afraid moving with the times the gig economy will continue.

What, this Rishi Sunak?

Rishi Sunak's wife owns part of firm that funnelled money through Mauritius

Exclusive: Akshata Murty owns 5% of IMM, which used structure that could reduce taxes payable in India

www.theguardian.com

 

[bazzer9461]

What, this Rishi Sunak?

Rishi Sunak's wife owns part of firm that funnelled money through Mauritius

Exclusive: Akshata Murty owns 5% of IMM, which used structure that could reduce taxes payable in India

www.theguardian.com

Rishi Sunak has been superb throughout the pandemic.
Obviously Tory hashing going on, but what without hindsight what would the other of the two parties do different?

 

[bashamwonderland]

There's a huge difference between those who use government schemes to encourage saving and investment or paying into their pension (usually with limits of a few thousand) and those who use offshore schemes devised to ensure that the beneficiaries avoid paying millions, if not billions of pounds - cheating the country of the funds to invest in schools, hospitals roads and infrastructure

Hope that helps.

You say "cheating" but are the vague offshore schemes you are alluding to actually illegal? I'd say in most cases, unless you are a tax specialist you are unable to say for sure. I'd also guess that most overseas tax activities are lawfully run. So it's not cheating.

Hope that helps.

 

[SteMerritt]

You say "cheating" but are the vague offshore schemes you are alluding to actually illegal? I'd say in most cases, unless you are a tax specialist you are unable to say for sure. I'd also guess that most overseas tax activities are lawfully run. So it's not cheating.

Hope that helps.

There is a difference between legally correct and morally correct. I believe Jimmy Carr did nothing illegal, but he made a morally poor decision.

But that's another discussion entirely I guess, so I'm not sure that helps in any way

 

[chuckbert]

You say "cheating" but are the vague offshore schemes you are alluding to actually illegal? I'd say in most cases, unless you are a tax specialist you are unable to say for sure. I'd also guess that most overseas tax activities are lawfully run. So it's not cheating.

Hope that helps.

That’s alright then. Nothing to see here chaps. We’re stupid enough to set up systems that the rich can bleed money from. And we do so by electing their mates. Hunky dory.