Current Affairs The Labour Party

[peteblue]

There’s none so blind as those that.......

 

[zzr45]

Here’s an interesting thought. A company must donate 10% of shares to go into this trust a year.

To make it dead simple they have 1000 shares. So they form their first extra 10%. The trust is now a 9% shareholder. Next year an extra 150 are created in the year, so the company now has to create 125 for the Trust. The Trust now owns 18% of the company.

So there’s an obvious pattern forming. By year 5 or 6 this Trust would become the majority shareholder. Who votes on behalf of these workers etc?

So theft, forced nationalisation of private companies and the workers getting patted on the head while the utter vermin that is John McDonnell gets on with his life. Would never tire of punching that rat.

 

[NilSatisOptimum]

Tax, as you know, is a levy on income, gains, disposals, inheritance.

Ergo, you have no income, gains, disposals or inheritance, you pay no tax. (VAT etc aside)

This is seizure of an asset. Akin to forcing every savings account to give 10% of the balance, (note, not the taxable interest) to the Government.

Or 10% of your pension, your garden, your house.

Its theft.

Blimey the outrage. Paying someone £7.83 per hour which needs to be topped up with benefits just to have an existence is theft.

 

[roydo]

Blimey the outrage. Paying someone £7.83 per hour which needs to be topped up with benefits just to have an existence is theft.

Not really the same.

 

[The binman chronicles]

Here’s an interesting thought. A company must donate 10% of shares to go into this trust a year.

To make it dead simple they have 1000 shares. So they form their first extra 10%. The trust is now a 9% shareholder. Next year an extra 150 are created in the year, so the company now has to create 125 for the Trust. The Trust now owns 18% of the company.

So there’s an obvious pattern forming. By year 5 or 6 this Trust would become the majority shareholder. Who votes on behalf of these workers etc?

So theft, forced nationalisation of private companies and the workers getting patted on the head while the utter vermin that is John McDonnell gets on with his life. Would never tire of punching that rat.

Didn't they say it would be capped to a max of 10%?

 

[roydo]

Didn't they say it would be capped to a max of 10%?

Yep. His post is miles off beam.

 

[zzr45]

Didn't they say it would be capped to a max of 10%?

Yep. His post is miles off beam.

I thought it was up to 10% created each year. Again up to 10% with the reality of being 1%. Back to bed for me.

 

[Bruce Wayne]

Didn't they say it would be capped to a max of 10%?

There will probably be a waiver for certain kinds of firms. You know, the ones that 'control all the money' *taps nose*

 

[The binman chronicles]

There will probably be a waiver for certain kinds of firms. You know, the ones that 'control all the money' *taps nose*

With all the extra tax they would make firms pay on top of this stealth tax and the industrial action that'll be happening every other week asking for better working conditions and more pay, they'll be lucky to have one company left in the country.

 

[neil999]

Tax, as you know, is a levy on income, gains, disposals, inheritance.

Ergo, you have no income, gains, disposals or inheritance, you pay no tax. (VAT etc aside)

This is seizure of an asset. Akin to forcing every savings account to give 10% of the balance, (note, not the taxable interest) to the Government.

Or 10% of your pension, your garden, your house.

Its theft.

hmmm, everyone benefits from taxation tho...surely with theft the affected party receives no benefit?

 

[roydo]

hmmm, everyone benefits from taxation tho...surely with theft the affected party receives no benefit?

Correct. The affected person, being forced to give up 10% of their shares receives no benefit. Glad you agree.

 

[neil999]

Correct. The affected person, being forced to give up 10% of their shares receives no benefit. Glad you agree.

Depends on your point of view tho, if that 10% is being used to improve services within the country then surely they do benefit?

 

[Number_25]

Depends on your point of view tho, if that 10% is being used to improve services within the country then surely they do benefit?

I'd quite happily pay more tax if it meant that I didn't have to see homeless people on my walk home.

 

[orchard]

I'd quite happily pay more tax if it meant that I didn't have to see homeless people on my walk home.

Cover your eyes with sawdust?

 

[Number_25]

Cover your eyes with sawdust?

I have a far better solution.

> Put the homeless people in homes.