If I ruled the world...

[MarJay]

https://taxjustice.uk/blog/how-would-a-wealth-tax-work-in-practice/

I would also put in an exemption for farmers, and I'd look at the largest farm by value versus productivity in the UK, and set that as the threshold for the payment. Farmers are a unique group where they primarily inherit the tools of their trade (land) and don't earn enough cash to purchase that land via other methods, i.e. they can ONLY inherit it, and without that inheritance mechanism, there would be a lot less farms and farmers.

Nobody is saying 'don't achieve, don't be successful'. Not one bit of it. However, can Elon Musk spend his wealth? No. Will he die with billions of net worth? Certainly. Is that fair? Not for the amount of work he's done. Same with JK Rowling, same with Warren Buffet etc etc.

I don't see what difference it makes if Jeff Bezos only has one yacht rather than five. Nobody, not one single person can see the material benefit of having two billion dollars in net worth versus one. The amount you need to live the most lavish lifestyle anyone has ever had is the same, and it's less than a billion dollars in cash. It's not a material difference versus a single mother on minimum wage who has to choose between eating and her child eating.

Personally? I've never fiddled my taxes. I've never worried about 'paying too much'. If there were a scheme that I could do that was legal but iffy where I could pay less tax I would not take it. I am not Jimmy Carr.

Fair is that everyone should have a roof over their head and enough food to eat. That's the minimum. If you want more, you work for it. Nobody is questioning that.
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British beauty: Triumph Street Triple R; Loony stroker: KR1S; Track fun: GSXR750 L1; Commuter Missile: GSX-S1000F
Remember kids, bikes aren't like lego. You can't easily take a part from one bike and then fit it to another.

[Easy-X]

[MarJay]

[Easy-X]

[MarJay]

and yet, it depends on the ends, and the means. Anything other than that is sociopathy, especially letting the poor die on the streets, or at best struggle to survive.
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British beauty: Triumph Street Triple R; Loony stroker: KR1S; Track fun: GSXR750 L1; Commuter Missile: GSX-S1000F
Remember kids, bikes aren't like lego. You can't easily take a part from one bike and then fit it to another.

[Easy-X]

[Polarbear]

[Easy-X]