thehatfoxMost English schools handing out clothes and food to children
JackGreenEarthAnd let me just point out the cost of living crisis is entirely artifical. We have enough stuff, the 1%ers just don’t want to share
AuxShare what exactly? How do you expect to share a mansion to buy some school uniforms, for example?
Mansions don’t fall from the sky, they are built. To build a mansion you have to spend money. If you don’t spend your money on a mansion, you can use it for something else, like school uniforms.
Yeah, but the mansion is already there and the money went to the builders. So, what’s your plan exactly? Take the money from the builders?
When do you think the last mansion was built?
How’s that relevant to my question? It’s not. But I’ll give you the answer, as it seems you’re struggling hard - you can split ones wealth. The end.
Again. The mansions don’t fall from the sky, they are built. Not every mansion has already been built. Why are you acting like people only buy pre-existing mansions?
What are you talking about? Mmm? I gave you a specific scenario, why are you trying to move goalposts? You lost your argument, just shush now, kid.
You didn’t give any specific example. You just keep repeating “but the mansions are already built”, while mansions are being built right this second. If you want to introduce a specific scenario, you can’t just expect the other person to read your mind, you have to do it.
I did ask about a specific scenario. If you people can’t comprehend the English language, it’s not my fault. Stop skipping school.
How do you expect to share a mansion to buy some school uniforms, for example?
You only ever talked about mansions. You never specified anything about existing mansions or the like. This situation would be much less embarrassing for you if I couldn’t scroll up and see everything you wrote.
Ok, you don’t like mansions and can’t produce any valid argument, fine. Let’s talk about shares. You forcefully transfer £20m worth of shares from a rich guy into your name. What’s next?
Yes you can, it’s called tax, and it splits off a fraction of your assets when paid.
No idea why OP was focussing on mansions, but a property tax would sort that problem. Stick a £2m threshold on it so it only hits the filthy rich. Before you whine about asset rich cash poor; dont care sell it if you can’t pay. People are dying.
You can’t tax wealth. It never works.
Lol. Yes you can. What’s more the absolute best wealth to tax is land/ real estate because it’s really effing hard to hide, and can’t be shifted overseas.
You can destroy its value by physically removing the building but the bulk of the value is always in the land, the building itself depreciates.
Ok, you destroy the building and then what? Do you expect an achievement badge to appear above your head or something?
You really have reading comprehension issues don’t you ?
The post notes that it’s near impossible to hide or move real estate overseas thus making it near impossible to avoid.
Even if someone tried to avoid the tax by destroying the building you still can’t avoid it because the land is the value not the building.
Ergo you pay the property wealth tax or the government reposses the property.
Unlike cash that can be hidden the asset is visible and hence tax is easily enforced
Did you even read the thread? I’ll repeat the question - you take the mansion, now what? How do you convert a mansion into school uniforms? Oh wait, you don’t! That changes nothing!
Yes I did read the thread, and the downvotes you constantly got indicates which of us is missing the point.
So, no, that’s not how it went.
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If a government wants to place a wealth tax they pass a law that says (for example) “everyone owning a house worth more than £2m owes £10000 plus 1% of the value as wealth tax per annum”
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Person A fails to pay tax, govt takes possession of house, sells it to highest bidder person b, they takes taxes payable out of sale proceeds give A whats left and transfer title to B
It’s not complicated, and the best part is you can’t hide a house, and you can’t play shelf company hidden directors jiggery pokery because if the law is written correctly the govt. can say “I don’t care who owns it, if the tax isn’t paid I take possession, end of discussion” pay up or else.
Central revenue gets their money slimey toffs get rinsed, poor people get basic services. Everyone who matters wins.