Oh dear - wages go up and signing bonuses.

[BlasterBates]

so all the rich families that haven't done a day's of work in their life just because they have inherited land from 4-5 generations ago, some of them even on slavery, those are fair game.
but someone working a 50h week that barely affords food and rent should work harder because they do not provide enough value to the system.

I'm not a socialist but people have to acknowledge that there is a problem and before people are on the street protesting and we mess up another generation. Gen-Z is probably ****ed anyway alongside the millennials.

Gen Z have the fastest growing wealth of all generations.

https://www.cnbc.com/2020/11/20/gen-...-10-years.html

BofA said Gen Z’s economic power was the fastest growing across all generational cohorts. This generation’s income is expected to increase fivefold by 2030 to $33 trillion as they enter the workplace, accounting for over a quarter of global income and then surpassing millennials’ income by 2031.

[GJABS]

so all the rich families that haven't done a day's of work in their life just because they have inherited land from 4-5 generations ago, some of them even on slavery, those are fair game.
but someone working a 50h week that barely affords food and rent should work harder because they do not provide enough value to the system.

I'm not a socialist but people have to acknowledge that there is a problem and before people are on the street protesting and we mess up another generation. Gen-Z is probably ****ed anyway alongside the millennials.

But people doing a 50-hour week even on min wage are not the biggest benefit claimants. And I'm not saying they should work harder. Though perhaps they need to work smarter or get a different job better suited to their abilities in order to be more productive. I'm talking about the shirkers who intentionally skip work and choose an idle life on benefits.

I'm not going to knock the rich, because they (they being the original entrepreneurs who set up their businesses) have worked very hard to do this, taking enormous risks. It is hard to start and run a business. I've tried and I can't do it. But we as a country need our businesses, especially new ones in new industries.
In a sense, all that a descendent is doing by being idle and spending inherited money, is satisfying the will of that original entrepreneur, now dead, who wanted his descendents to thrive after he/she was gone. That quite likely being what motivated them to become an entrepreneur in the first place.

[GigiBronz]

Gen Z have the fastest growing wealth of all generations.

https://www.cnbc.com/2020/11/20/gen-...-10-years.html

LOL, that is the joke of the day. when you increase with small increments from nothing, you can argue it is a large increase, when actually the basepoint is... nothing.

[Fraidycat]

just because you come up with an extreme case where people are actually PAID OVERTIME. and do more than 40pw and manage (very optimistic situation) to earn 2k per month NET. and also they are a COUPLE with someone being in the same situation.

Its not extreme, most people just don't want to work in a factory or amazon warehouse. Plenty of jobs around. Most of these firms are desperate for hard working people. But most people are scared of the hard work. Except immigrants, the majority of who come here to work hard and get ahead.

Even though you can net £50,000 a year after tax as a couple working hard for amazon. Even more if you hit 60 hours a week which i think is the max they allow.

And why wouldn't a couple both work?, pretty much everyone has to work these days.

Amazon pay everything between 40-50 hours at time and a half.
Anything above 50 hours is paid at double rate.

[GigiBronz]

Its not extreme, most people just don't want to work in a factory or amazon warehouse. Plenty of jobs around. Most of these firms are desperate for hard working people. But most people are scared of the hard work. Except immigrants, the majority of who come here to work hard and get ahead.

Even though you can net £50,000 a year after tax as a couple working hard for amazon. Even more if you hit 60 hours a week which i think is the max they allow.

And why wouldn't a couple both work?, pretty much everyone has to work these days.

Amazon pay everything between 40-50 hours at time and a half.
Anything above 50 hours is paid at double rate.

nobody gets ahead in this world. you get ahead as in you are allowed to get a mortgage and have less flexibility to do anything with your life.
40hpw with amazon is not a treat to do. after working a few weeks there you'd probably be a vegetable.

immigrants definitely do not get ahead, they get exploited for everything they have so that fat old cats like you get to live comfortably on both a decent income + charge rent. the only reason they get brought in is to 1) burn out and dispose without health insurance and long term benefits 2) they do the tulipty jobs without complaining 3) to depress the wages in industries that companies feel people are getting too much freedom, not money but freedom - money is freedom

it is a pyramidal scheme in which people on 5000pd tell people on 500pd that people on 100pd are the problem. I would never expect to have a fair world, it's just that I think this world might not have long to get by on the old rules and we are at an inflexion point.

[OwlHoot]

.. In a sense, all that a descendent is doing by being idle and spending inherited money, is satisfying the will of that original entrepreneur, now dead, who wanted his descendents to thrive after he/she was gone. That quite likely being what motivated them to become an entrepreneur in the first place.

Yep, and generally the faster a spendthrift legatee burns through their wealth, assuming they benefit the local economy and don't blow it all abroad, the less anyone has just cause to complain.

It is hard to start and run a business. I've tried and I can't do it. But we as a country need our businesses, especially new ones in new industries.

For me, although I'm pleased to think I'm fairly inventive, the trickiest part and where I am clueless is judging what is in sufficient demand. For example, one of my cousin's friends is a millionaire from breeding lugworms for fishermen. I mean FFS, how the blue blistering blazes would anyone (besides him) imagine one could make pots of money breeding worms?! I'd never have thought of it in a million years, and there are loads of other examples like that.

However, I know full well (I suppose we all do with a moment's thought) that with AI there are a shedload of niche opportunities springing up and round the corner. For example, smart cat flaps that won't open when the feline fiend is detected to have something in its mouth (God, how I'd like one of them!), or agricultural bots that can detect and pick off pests on crops. But how does one start? Who to contact? I wouldn't have a clue.

[WTFH]

Yep, and generally the faster a spendthrift legatee burns through their wealth, assuming they benefit the local economy and don't blow it all abroad, the less anyone has just cause to complain.

Generally, the inherited wealth gets spent with friends of the inherited wealth, not "the local economy", and spending money does not directly generate income tax.

[OwlHoot]

Generally, the inherited wealth gets spent with friends of the inherited wealth, not "the local economy", and spending money does not directly generate income tax.

Can you give an example of money spent in the country that doesn't ultimately generate income for someone else and/or some tax?
(not necessarily income tax - There are lots of kinds of tax)

[WTFH]

Can you give an example of money spent in the country that doesn't ultimately generate income for someone else and/or some tax?
(not necessarily income tax - There are lots of kinds of tax)

That is the landed gentry argument all the time - if you go grouse shooting on an estate, you generate income for the community. Except you only generate money for the estate owner and their staff.

It's the same argument that's used for big game hunting. It brings money to the owner and then indirectly to their staff, but it is not giving much income to the local community.

[Fraidycat]

From 2019: "The top 1% of earners in the UK now account for more than a third of income tax paid to the government, following changes over the past decade that have left almost half the population exempt from making payments."

It was the Tories who raised the income Tax threshold from £6000 to over £12000 a year.

It was Thatcher and Major who cut the basic rate of income tax from 33% to 23%.

Labour under Blair and Brown did fook all for the hard working class man, they prefered to hand to out benefits to Lazy scroungers.