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ChrisMann: In the UK the top 10% of households hold over 44% of the nation’s total wealth But that’s not hard though given the price of houses in certain parts of the country.
If you had a billion you would make more than 30k a day in NET interest
Super-rich is easy, trying putting a number to rich or wealthy.
With the top 1% holding nearly one-third of household wealth in the U.S., efforts to impose new levies on the wealthy have been gaining traction. In California, voters will decide...
The Global Justice Report from the World Inequality Database promises a great deal: climate stability, global income security, and justice through global wealth taxation. It Read t...
tim17: given the price of houses I think it goes well beyond houses.
JohnBoy: those who seem to despise wealth would revel in it. I get your point and would agree some are jealous although not all. Likewise there are the wealthy who simply want t...
Nigel1: but when you are minted who gives a fuck. I think that you might have to multiply your capital/income significantly to get into paranoid people’s wealth category. It...
Wes Streeting has set out plans for a wealth tax that would see capital gains equalised with income tax.
Ancient_Mariner: it’s about £40k per year to cover bills It’s that gross or net?
Sadly, trying to tax wealth directly is not what it is cracked up to be. But there are other approaches that are viable.
A 2% levy on fortunes above £100m – with no exemptions – could begin to reverse decades of rising inequalityAndy Burnham and Wes Streeting have sought to blunt the Green leader Zac...
This was recorded at Scotland’s Economic Festival in March, and nothing has changed since then. Thanks to William Thomson for clipping this. The video can Read the full article...
Im retired, I pay tax on the £50k. I couldn’t imagine living on the post tax value.
Labour leadership hopeful Wes Streeting has called for a ‘wealth tax that works’ by equalising tax on income and assets. […] The post Wes Streeting calls for ‘wealth tax that works...
A new EU proposal could potentially undermine the Netherlands’ planned Box 3 wealth tax, letting wealthy investors shelter their gains in a company while ordinary savers pay 36% a...
In our third installment recapping states’ efforts to impose new taxes on high net worth individuals, we provide updates on Washington’s Millionaires Tax, New York State’s efforts...
Nick Maggiulli, the COO of Ritholtz Wealth Management and blog Of Dollars and Data has a pretty informative post Why Taxing the Wealthy is Harder …
This November, California voters will weigh what could become America’s first-ever tax on net worth. The Billionaire Tax Act, a ballot initiative put forth by health workers after...
Wes Streeting is proposing reforms to capital gains tax, as part of his pitch for the Labour leadership.
So, interest on one million at 5% would be 50k a year - you couldn’t manage to live on a grand a week? I agree with what your father said - with a slight modification - the more yo...
Wes Streeting - once seen as the Blairite candidate - called for a levy on the 'rich' that he claimed could bring in £12billion a year.
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