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Why we need Bernie
Message
From
28/04/2016 07:55:41
 
 
To
27/04/2016 09:16:53
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01634944
Message ID:
01635546
Views:
54
>>>>>No easy answers, but it's another example of the effects of increasing income disparity.
>>>>
>>>>Question - have you purchased any of the Harry Potter books for anyone?
>>>
>>>No, I haven't, but my daughter-in-law and grandsons are avid fans.
>>>I never got into them, but my daughter-in-law hooked my girlfriend now and she's a fan.
>>>Why do you ask?
>>
>>By purchasing the books, your family is contributing to income disparity.
>
>Interesting person to choose, since she's pretty open about the fact that she was supported by the British welfare system while writing the initial books. Here's a quote-she's answering why she stayed in Britain paying British taxes.
>
>"A second reason, however, was that I am indebted to the British welfare state; the very one that Mr. Cameron would like to replace with charity handouts. When my life hit rock bottom, that safety net, threadbare though it had become under John Major’s Government, was there to break the fall. I cannot help feeling, therefore, that it would have been contemptible to scarper for the West Indies at the first sniff of a seven-figure royalty cheque. This, if you like, is my notion of patriotism."
>
>Another article I found says that Brits pay 45% on income above 150,000 pounds, so I'd say giving Rowling money is actually not a bad way to spend it.
>
>Tamar

And the rich usually do all they can to avoid paying even that 45%.

For instance Philip Green runs his businesses in the UK but his wife lives in Monaco. Assets are held in her name so she was able to be paid £1.2 billion dividend tax free.

At the same time his BHS business has gone bust with a £500 million hole in its pension fund which will have to be supported by the PPF (Pension Protection Fund) out of public funds. Unrestricted capitalism at its worst.
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