'Brexit boom' gives Britain record 134 billionaires

[Deleted]

Allowing billionaires is purely a political choice.

Nice to see the ceiling get higher whilst the floor gets lower.

[Taneras]

Your right. Those useless eaters should be put to good use in the penal system where their free labour can be exploited in order increase the wealth of others.

That didn't follow, and I'd give you a "nice try" but that was pretty far off.

[Captain N]

Source?

/10char

Producing more millionaires and billionaires than other countries is a great thing. There is no reason to think the most equal countries are the most economically prosperous overall.

Those Happy Countries are the Most Equal when you were responding to @tollshot

You lied and attempted to change the topic to Economic Equality once I linked that those Happy Scandinavian Countries were indeed more Economically Prosperous that many other Western countries who aren't quite so equal.

[Taneras]

I simply flip your idiotic argument on its head. If anyone missed, it wasn't me.

The "they" that needed to go to jail were the people running around making people eat more than they should. You did flip something around, but it wasn't my argument.

[Stormspellz]

So people who get rich should just hand it out to everyone else? WHY? That style of thinking makes no sense. if you "redistribute"(lets face it. you want to play robin hood and steal it to give it to the poor) then you just create an unsustainable welfare state because once you do it, no one will ever want to be wealthy again, who would want to be successful when you're just going to get torn down?

This rhetoric is old and debunked, the system is rigged for the rich. Don't have to go further then the recent example of the health bill, after facing back lash at the local level by their own constituents, they turn around and do it WHILE sucking money from medicaid to give the rich tax breaks.

[PC2]

Those Happy Countries are the Most Equal when you were responding to @tollshot

You lied and attempted to change the topic to Economic Equality once I linked that those Happy Scandinavian Countries were indeed more Economically Prosperous that many other Western countries who aren't quite so equal.

No, the happiest(a subjective term) countries could correlate with economically prosperous(GDP/income per capita) countries but they don't correlate with the most equal countries. You are deceiving yourself through your link if you believe that economic quality metrics are the same as economic equality metrics. They are not measuring the same thing.

[Blur4stuff]

redistribution

This is something I never understand about those defending the wealthy. They seem to think all those at the top deserve and earn the billions, yet somehow a worker's wage going up 5k or 10k becomes welfare or theft.

It makes no sense.

[Mayhem]

Yeah, because if my marginal dollar only nets me 30 cents instead of 85 cents, I'm totally going to stop trying to make that marginal dollar. Totally. I'm just going to stop working when I hit the top tax bracket. Completely stop. Grind to a halt. Let my gears rust.

Meanwhile, wouldn't it help if more people could afford more than rent, utilities, and processed food? Bring back manufacturing jobs, you know, by having people who can buy things that get manufactured and such. Trickle UP and shit.

Trickle UP?! Look who doesn't understand gravity! LULZ

[Taneras]

This is something I never understand about those defending the wealthy. They seem to think all those at the top deserve and earn the billions, yet somehow a worker's wage going up 5k or 10k becomes welfare or theft.

It makes no sense.

In 2015 Walmart's CEO, Doug McMillon, made $19.8 million dollars. Walmart employees ~ 2.1 million people in the United States alone. Lets say that Doug McMillon doesn't deserve a single cent for his labor during that year as CEO of Walmart, and instead Walmart puts that money into the pockets of their workers.

Congratulations, they've all now earned 9.4 cents a year extra. Not even a dime.

[Shiny212]

So people who get rich should just hand it out to everyone else? WHY? That style of thinking makes no sense. if you "redistribute"(lets face it. you want to play robin hood and steal it to give it to the poor) then you just create an unsustainable welfare state because once you do it, no one will ever want to be wealthy again, who would want to be successful when you're just going to get torn down?

oh dear oh dear

your ideal society is feudal Europe then?

[PC2]

Are the UK voters feeling better yet? They're all wealthy now right?

Yeah they are better off when their fellow citizens increase wealth inside UK borders. For example Niger can have more equality then the UK, but with substantially less millionaires and billionaires their GDP per capita and average income levels are very limited.

[Taneras]

Yeah, because if my marginal dollar only nets me 30 cents instead of 85 cents, I'm totally going to stop trying to make that marginal dollar. Totally. I'm just going to stop working when I hit the top tax bracket. Completely stop. Grind to a halt. Let my gears rust.

No they usually just pick up and move to a location where they can earn more money.

My family's business cannot do that, but we would work less. No "complete stop" in September, we'd just do less work throughout the year (take more time off).

Meanwhile, wouldn't it help if more people could afford more than rent, utilities, and processed food? Bring back manufacturing jobs, you know, by having people who can buy things that get manufactured and such. Trickle UP and shit.

The US already buys a crap ton of products, buying *more* isn't going to bring back manufacturing jobs when companies can make more money by producing in a different, lower taxed, countries and just ship it in.

[Kalis]

Still not going to fix :

The €100 billion bill of contracts the UK signed with the EU and thus is forced to pay (legally bound contracts).

The EU lawyers would like a word, they think it is bollocks, so if you can point them in the right direction they would be most grateful.


OT: So what? They are going to live somewhere, so having them in the UK is better than not having them, it is not like most people are shopping in the same housing market sector they are and if they pay some tax revenue into our coffers it is better than none.

I would like to see Philip Green off the list and in prison, but apart from that, hey ho.

[belfpala]

No they usually just pick up and move to a location where they can earn more money.

My family's business cannot do that, but we would work less. No "complete stop" in September, we'd just do less work throughout the year (take more time off).

Most businesses can't pack up and leave. And you'd seriously just "take more time off" because you keep less of your marginal dollar? Hi, I'd rather make zero dollars than some! Really? That's perfectly fine. It means the amount you make up to the highest tax bracket is enough for you to live comfortably.

Aside: It's amusing to me that the trickle down proponents seem to speak from a perspective which requires either a) they are among the 1% or b) believe they will be one day. You most likely aren't, and you most likely never will be.

- - - Updated - - -

Trickle UP?! Look who doesn't understand gravity! LULZ

Dude bro, you ever mixed some cooking oil with water and shaken the container? That oil shit trickles UP yo.

[Mayhem]

Dude bro, you ever mixed some cooking oil with water and shaken the container? That oil shit trickles UP yo.

Yeah but when you dropped the container what happened then?! AHA SEE!

[PC2]

Aside: It's amusing to me that the trickle down proponents seem to speak from a perspective which requires either a) they are among the 1% or b) believe they will be one day. You most likely aren't, and you most likely never will be.

The reason is because politicians never commit to exclusively targeting the 1% you mentioned. Socialists by principle have no reason to stop at the 1% or the median(50%), or even below median income earners.

[Fojos]

Redistribution in the form of better wages is not a wellfare state. It's bringing the value of work done more in-line.

Do you actually think millionaires work SO hard and are SO skilled that they actually deserve their wage, relative to someone who makes, say, 80k a year?
Impossible.

The problem is that if we redistribute this money, what is to stop everything from becoming more expensive? As long as we don't have robots handling all production and service, the people working these parts will want a higher cut. There's a reason government don't just put money into the market however they want.

Same thing when people talk about giving more money to poor regions in the world.

[Mayhem]

The problem is that if we redistribute this money, what is to stop everything from becoming more expensive? As long as we don't have robots handling all production and service, the people working these parts will want a higher cut. There's a reason government don't just put money into the market however they want.

Same thing when people talk about giving more money to poor regions in the world.

You know what, you're right. Nothing will stop everything from becoming more expensive. That means of course if we make away with wages, everything will be free.

[Slant]

If we have to blankly accept that what we get isn't about what we deserve, then what is the moral imperative to not simply grab a weapon, go kill someone and take his money ?
After all we don't care about who deserve what, right ?

Usually, such philosophical uncertainties tend to get answered by a judge in a rather final manner. Morality doesn't really care much about philosophy, or vice versa.

[Fojos]

You know what, you're right. Nothing will stop everything from becoming more expensive. That means of course if we make away with wages, everything will be free.

Jokes aside. The way to solve is not to redistribute to people (high inflation) in that case, but would be to invest in technology or health (or other things).

In any case any suggestions like this could cause these rich people to flee, which could have dire consequnces because this would mean they take their money from the banks, which is used for both government purposes and private.