Lloyds Banking Share Discussion Threads

[patientcapital] 05/2/2019 11:35

One area ripe for punitive tax increases is tobacco.

[bbalanjones] 05/2/2019 11:34

g2. Was Maggie T then cause of the steep rise in the GINI STATISTIC?

Gini Index - Investopedia

[bbalanjones] 05/2/2019 11:33

Stonedyou: There really is a cure for what ails you!! ;-))

[alphorn] 05/2/2019 11:30

g2 #148. we agree on something.

[bbalanjones] 05/2/2019 11:26

Because more equal societies work better for everyone.



The Gini index or Gini coefficient is a statistical measure of distribution developed by the Italian statistician Corrado Gini in 1912. It is often used as a gauge of economic inequality, measuring income distribution or, less commonly, wealth distribution among a population.27 May 2018

[ladeside] 05/2/2019 11:24

"The top 1% were liable for 28.8% of total income tax."

Well, of course they were, that's because they are paid a disproportionate amount in the first place !!

[minerve] 05/2/2019 11:17

"To my mind any tax rate above 50% is immoral. It is wrong to expect someone to work more for the state than for himself."

When someone is earning a high salary it is most likely that others are contributing to his income rather than just his endeavours alone.

So one could say the oppostite:

"It is wrong to expect someone to work more for someone else than for the state"

[bbalanjones] 05/2/2019 11:16

g2 Is there any immorality in the last 60 years of rising inequality?

[grahamite2] 05/2/2019 11:15

Official Government statistics:



"The top 1% were liable for 28.8% of total income tax."

For any reasonable person there's no more to be said. Anyone who expects more is living in a dream world.

[bbalanjones] 05/2/2019 11:12

Stonedyou: Go whisper your comments down a well . . . . they will be WELL received.

[grahamite2] 05/2/2019 11:08

If tax receipts go down when the tax rate goes up, it does not necessarily follow at all that this means evasion or avoidance. More likely it means that people say to themselves, yes, I could go to work today and earn some extra money, but what the hell for?

Excessive taxation destroys enterprise. This is really pretty obvious.

And why should people earning £150k pay 60%, a wholly arbitrary figure? Why not 83%, or 98% - figures most of us here remember, I'm sure? The answer is that when we had these monstrous tax rates, this country was the sick man of Europe.

To my mind any tax rate above 50% is immoral. It is wrong to expect someone to work more for the state than for himself.

[patientcapital] 05/2/2019 11:01

htTps://www.taxpayersalliance.com/5_moral_reasons_for_low_tax

[stonedyou] 05/2/2019 10:48

Was you officially there.? Did the two participants cry out, please understand...

we are not really falling but subtly.....being defenestration. Please call

Johannes Gutenberg to spell it correctly....

[bbalanjones] 05/2/2019 10:31

Origin of the term

The term originates from two incidents in history, both occurring in Prague. In 1419, seven town officials were thrown from the Town Hall, precipitating the Hussite War. In 1618, two Imperial governors and their secretary were tossed from Prague Castle, sparking the Thirty Years War. These incidents, particularly in 1618, were referred to as the Defenestrations of Prague and gave rise to the term and the concept.

Stonedyou: Please become a little more adept at understanding your own language.

[ladeside] 05/2/2019 10:25

"Reference taxation. When the top rate was reduced, tax receipts increased. That is a matter of fact, but let’s not let facts get in the way of demented leftist dogma"

"If tax receipts go down when the tax rate goes up, what does that suggest? The better off avoiding/ evading tax. Both of which are wrong. We are under taxed at the highest levels and under paid at the lowest levels"

Patient is basically saying that the Rich shouldn't pay their way and as m4tinu rightly points out it's the Rich who are abusing the system and basically holding us all to ransom.

Using Patients warped logic, it would suggest that in order to rid ourselves of benefit cheats that we should quadruple job seekers allowance and then that would deter the unemployed from working on the fly as it were ?? However, I'm not so sure that he and most of you here would agree with that ??

Basically our public services are screwed as they're hugely underfunded and have been neglected for years and without a decent level of taxation the whole country will soon be a third world shambles if it isn't pretty close to that already.

I'm sorry but if the median wage is around £28,000,00 then those earning £150k + (5 times+ this sum) should be looking at 60% minimum in order to pay their way.

We also need all the loopholes closed where high net worth individuals can get away with paying corporation tax of 19% (which is ridiculous in itself and will soon be reducing further)as opposed to Income tax and of course all their other little tax avoidance schemes thought up by their Accountants and rubber stamped by our corrupt Government.

How anyone can formulate a decent argument against this is beyond my reasoning so if anyone has any arguments, I'd love to hear them............

[bbalanjones] 05/2/2019 10:17

g2 Surely, that's the way of such things. Right and Left Wings of politics have very different views of the human lot!

(My personal view (t in ch.) is that Genomics will find some way to modify this dangerous difference - eventually, for a more progressive and peaceful world!)

[grahamite2] 05/2/2019 10:07

In that case The Guardian has a lot in common with The Daily Mail i.e. its stock in trade is putting the wind up its readership with illusory fears.