The rise of the overclass

[Jeff Maginty]

..

[BlasterBates]

Yes easy to jump on the bandwagon of tax the very rich but when the new tax legislation comes along it will be on private pensions bigger than 30 grand a year, higher capital gains tax etc etc. The very rich don't care because they'll be in Quatar or Bahrain. That's because if you really want to raise taxes taxing the super rich who are tiny number of people actually won't make much difference. If you want to raise tax it's Joe "Slightly better off" who has to foot the bill

[Spacecadet]

sasguru - it's fair comment to say that the bankers are not the only ones to blame. They were simply exploiting a situation that the politicians allowed to exist. But...

...who do you think it was whose influence discouraged the politicians from sorting things out properly, once it became obvious that the system was broken and that the rules needed changing?

If the politicians were only doing what they were persuaded to by the banks then it's still the fault of the politicians for being so ******* stupid.

[BrilloPad]

If the politicians were only doing what they were persuaded to by the banks then it's still the fault of the politicians for being so ******* stupid.

Yes - but it enables the to get a directorship of a bank when they leave....

[Spacecadet]

Yes - but it enables the to get a directorship of a bank when they leave....

stupid AND greedy then

[DimPrawn]

Ultra rich City slickers against a wealth tax.

Why a wealth tax is a very bad idea | City A.M.

A wealth tax is the best way to destroy our most vital asset: Britain’s historic respect for property rights. It must be resisted.

[AtW]

Ultra rich City slickers against a wealth tax.

Why a wealth tax is a very bad idea | City A.M.

To be fair they are right - once something is owned there should be no tax on it unless it's related to services provided - road tax for car, council tax for fire crews etc, otherwise it's not ownership but a low level rent with a very high deposit paid upfront.

HTH