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They made every wealth-destruction mistake possible: 1. Stopped working the business 2. Lived off capital instead of income 3. Confused lifestyle inflation with success 4. Never taught kids about money or work 5. Treated wealth as an entitlement, not a responsibility

Logan Weaver

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64,017 просмотров • 1 год назад •via X (Twitter)

Новости и политика Образование Финансы

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Julia Davies, "It might sound like wealthy people pay more in tax, that's because they disproportionately have more of the wealth of the UK" Patriotic Millionaires UK "I'm speaking here as a wealthy person, so I would have to pay the proposed 2% wealth tax that we're talking about" "No matter what the lobby groups who don't want to tax wealth will tell us, it is not going to be a problem for wealthy people to pay that" "Who it is a problem for the moment is working people and small-medium sized businesses" "So while we are delaying implementing more measures to fairly tax wealth, we are increasing the strain on working people and small to medium sized businesses" "We have increased national insurance on working people.. We should have applied national insurance to income on wealth. That would have brought in a lot of money and it wouldn't have put our small businesses under strain" "I represent a group called Patriotic Millionaires, we absolutely don't think wealth is a dirty word, suggesting that asking for fair taxation of wealth is saying wealth is something dirty is nonsensical" "Asking for fair taxation of wealth is not punishing anyone. Asking working people to pay more national insurance and income tax, that is punishing people"

Julia Davies, "It might sound like wealthy people pay more in tax, that's because they disproportionately have more of the wealth of the UK" Patriotic Millionaires UK "I'm speaking here as a wealthy person, so I would have to pay the proposed 2% wealth tax that we're talking about" "No matter what the lobby groups who don't want to tax wealth will tell us, it is not going to be a problem for wealthy people to pay that" "Who it is a problem for the moment is working people and small-medium sized businesses" "So while we are delaying implementing more measures to fairly tax wealth, we are increasing the strain on working people and small to medium sized businesses" "We have increased national insurance on working people.. We should have applied national insurance to income on wealth. That would have brought in a lot of money and it wouldn't have put our small businesses under strain" "I represent a group called Patriotic Millionaires, we absolutely don't think wealth is a dirty word, suggesting that asking for fair taxation of wealth is saying wealth is something dirty is nonsensical" "Asking for fair taxation of wealth is not punishing anyone. Asking working people to pay more national insurance and income tax, that is punishing people"

Farrukh

28,150 просмотров • 1 год назад

SNEAKO calls out Andrew Tate, saying he's lost sight of the true meaning of success and now views wealth as the ultimate goal instead of Jannah. 🤲☪️ "He doesn't know what winning and losing is. He keeps talking about God. Success is making it to Heaven. Success is Jannah. Success is not Bugattis and Yachts. It has nothing to do with Hustlers University or how much money you have. Success is your Deen. He doesn't know this."

SNEAKO calls out Andrew Tate, saying he's lost sight of the true meaning of success and now views wealth as the ultimate goal instead of Jannah. 🤲☪️ "He doesn't know what winning and losing is. He keeps talking about God. Success is making it to Heaven. Success is Jannah. Success is not Bugattis and Yachts. It has nothing to do with Hustlers University or how much money you have. Success is your Deen. He doesn't know this."

SNEAKO UPDATES

17,240 просмотров • 1 месяц назад

🗣️ Just saw this on .FOX Business “EXIT TAX” 😳plastered over a mountain of cash. The caption says it all: “They’re gonna tax you with a knife in your back when you leave, too.” 😱 And it’s not just talk. Across the country, at least 10 states are now exploring or have already pushed wealth taxes and “exit taxes” to punish residents who dare to flee their high-tax, high-spending disasters for lower-tax states like Florida, Texas, or Tennessee. Leading the pack: 1. California — “Billionaire Tax Act” (5% one-time hit on net worth over $1 billion) 2. New York Wealth and high-income tax proposals, plus aggressive residency audits on departing residents. 3. Washington Recently passed 9.9% tax on incomes over $1M; earlier capital gains tax. 4. Michigan Ballot proposal for 5%+ tax on high earners (over $500K); constitutional amendment efforts. 5.Massachusetts Millionaire surtax already in place; additional wealth/exit ideas under discussion. 6. Connecticut Wealth tax proposals and high-income surcharges. 7. Illinois — Debating 3% tax on income over $1M. 8. New Jersey — Has existing withholding rules on real estate sales for former residents (often called an exit mechanism). 9. Maryland — High-income and capital gains adjustments; history of targeting departing wealthy residents. 10. Hawaii or others in the broader group — Part of earlier coordinated wealth tax pushes (some reports fold in states like these for ongoing discussions). ✅ …plus others quietly lining up. Some proposals include “look-back” rules so they can keep taxing your worldwide assets even after you move out. This isn’t about “fairness.” It’s about governments that refuse to cut wasteful spending, so instead they try to trap the golden geese who actually pay the bills.

🗣️ Just saw this on .FOX Business “EXIT TAX” 😳plastered over a mountain of cash. The caption says it all: “They’re gonna tax you with a knife in your back when you leave, too.” 😱 And it’s not just talk. Across the country, at least 10 states are now exploring or have already pushed wealth taxes and “exit taxes” to punish residents who dare to flee their high-tax, high-spending disasters for lower-tax states like Florida, Texas, or Tennessee. Leading the pack: 1. California — “Billionaire Tax Act” (5% one-time hit on net worth over $1 billion) 2. New York Wealth and high-income tax proposals, plus aggressive residency audits on departing residents. 3. Washington Recently passed 9.9% tax on incomes over $1M; earlier capital gains tax. 4. Michigan Ballot proposal for 5%+ tax on high earners (over $500K); constitutional amendment efforts. 5.Massachusetts Millionaire surtax already in place; additional wealth/exit ideas under discussion. 6. Connecticut Wealth tax proposals and high-income surcharges. 7. Illinois — Debating 3% tax on income over $1M. 8. New Jersey — Has existing withholding rules on real estate sales for former residents (often called an exit mechanism). 9. Maryland — High-income and capital gains adjustments; history of targeting departing wealthy residents. 10. Hawaii or others in the broader group — Part of earlier coordinated wealth tax pushes (some reports fold in states like these for ongoing discussions). ✅ …plus others quietly lining up. Some proposals include “look-back” rules so they can keep taxing your worldwide assets even after you move out. This isn’t about “fairness.” It’s about governments that refuse to cut wasteful spending, so instead they try to trap the golden geese who actually pay the bills.

🦅 Eagle Wings 🦅

20,383 просмотров • 3 месяцев назад

Once you understand this truth as an owner … you and your employees can both win ❤️❤️❤️‼️ pass this onto a business owner … When I was a kid my dad used to talk about being upset about his employees not working as hard as him. Even as a 16-year-old I turned to my father and told him, "Well they will never work as hard as you if they don't own the business." This is a lost understanding among so many owners. We must not have the audacity or the selfishness to expect this. We must work for them once we work for them and understand what they want, whether it's money or vacation time or status or a bigger title. Once we work for them they will work for us.

Once you understand this truth as an owner … you and your employees can both win ❤️❤️❤️‼️ pass this onto a business owner … When I was a kid my dad used to talk about being upset about his employees not working as hard as him. Even as a 16-year-old I turned to my father and told him, "Well they will never work as hard as you if they don't own the business." This is a lost understanding among so many owners. We must not have the audacity or the selfishness to expect this. We must work for them once we work for them and understand what they want, whether it's money or vacation time or status or a bigger title. Once we work for them they will work for us.

Gary Vaynerchuk

19,360 просмотров • 3 месяцев назад

To keep people distracted, they were sold an illusion of happiness through consumerism. 🔹 Credit cards, loans, and vacations were marketed as the key to fulfillment. 🔹 Instead of families building generational wealth, they were pushed into debt, working harder than ever to sustain an image of success. While banks and corporations profited, families found themselves trapped in the perpetual rat race, endlessly chasing a dream they could never fully reach.

To keep people distracted, they were sold an illusion of happiness through consumerism. 🔹 Credit cards, loans, and vacations were marketed as the key to fulfillment. 🔹 Instead of families building generational wealth, they were pushed into debt, working harder than ever to sustain an image of success. While banks and corporations profited, families found themselves trapped in the perpetual rat race, endlessly chasing a dream they could never fully reach.

MatrixMysteries

412,637 просмотров • 1 год назад

1) Students memorize to pass a test. 2) Employees work to keep a job. 3) Earners manage money to pay bills. 4) Bosses manage people to hit targets. 5) CEO’s are paid to do all four. Investors place bets on each of these so the can multiply & create wealth.

1) Students memorize to pass a test. 2) Employees work to keep a job. 3) Earners manage money to pay bills. 4) Bosses manage people to hit targets. 5) CEO’s are paid to do all four. Investors place bets on each of these so the can multiply & create wealth.

Grant Cardone

47,611 просмотров • 2 лет назад

You’re not broke because you don’t make enough. You’re broke because you give your income to everyone else. Credit cards, car payments, student loans... every payment is money that you could be using to build wealth for yourself instead of making everyone else rich. Here’s how you stop the cycle: 1. Make a zero-based budget. Tell every dollar where to go on purpose. 2. Cut the debt. Attack it with the debt snowball. 3. Stop financing your life. Pay cash for the things you buy. Your income is your #1 wealth-building tool. If you keep it, budget it, and invest it, you can break the paycheck-to-paycheck cycle and finally get ahead. No more excuses.

You’re not broke because you don’t make enough. You’re broke because you give your income to everyone else. Credit cards, car payments, student loans... every payment is money that you could be using to build wealth for yourself instead of making everyone else rich. Here’s how you stop the cycle: 1. Make a zero-based budget. Tell every dollar where to go on purpose. 2. Cut the debt. Attack it with the debt snowball. 3. Stop financing your life. Pay cash for the things you buy. Your income is your #1 wealth-building tool. If you keep it, budget it, and invest it, you can break the paycheck-to-paycheck cycle and finally get ahead. No more excuses.

Dave Ramsey

90,389 просмотров • 1 год назад

THE PATH TO COVENANT WEALTH - EMBRACING STEWARDSHIP There is a path to accessing wealth that is mysteriously spiritual and transcends business. It’s a spiritual transaction - significant and separate from economic principles either for the kingdom of darkness or the kingdom of God. It is beyond mere buying and selling; it involves spirit transactions culminating in a covenant. Satan showed Jesus the world's glories and offered them in exchange for worship, not for trading goods. If Jesus had bowed, dominion would have returned to satan. Many people are similarly called into these spiritual chambers, tempted with fame and fortune, at the cost of their souls, mirroring Esau’s mistake of undervaluing his birthright. God seeks treasurers for His program; He seeks to entrust genuine wealth to those He can rely on. This wealth surpasses business avenues but is rooted in divine purpose. Genuine wealth isn't about building empires or corporate titles, it’s about using wealth to win souls, being a blessing to people, and glorifying God. Covenant wealth goes beyond giving, it’s about understanding and committing to the divine purpose. God might call you to steward the wealth of nations, making you as influential as a nation. The condition? Your heart must remain His, loving Him above all. Watch the complete sermon titled "The Season of Abundance" on our YouTube channel at Koinonia Global. #ApostleJoshuaSelman #TheSeasonOfAbundance #KoinoniaAbuja #KoinoniaZaria #KoinoniaGlobal

THE PATH TO COVENANT WEALTH - EMBRACING STEWARDSHIP There is a path to accessing wealth that is mysteriously spiritual and transcends business. It’s a spiritual transaction - significant and separate from economic principles either for the kingdom of darkness or the kingdom of God. It is beyond mere buying and selling; it involves spirit transactions culminating in a covenant. Satan showed Jesus the world's glories and offered them in exchange for worship, not for trading goods. If Jesus had bowed, dominion would have returned to satan. Many people are similarly called into these spiritual chambers, tempted with fame and fortune, at the cost of their souls, mirroring Esau’s mistake of undervaluing his birthright. God seeks treasurers for His program; He seeks to entrust genuine wealth to those He can rely on. This wealth surpasses business avenues but is rooted in divine purpose. Genuine wealth isn't about building empires or corporate titles, it’s about using wealth to win souls, being a blessing to people, and glorifying God. Covenant wealth goes beyond giving, it’s about understanding and committing to the divine purpose. God might call you to steward the wealth of nations, making you as influential as a nation. The condition? Your heart must remain His, loving Him above all. Watch the complete sermon titled "The Season of Abundance" on our YouTube channel at Koinonia Global. #ApostleJoshuaSelman #TheSeasonOfAbundance #KoinoniaAbuja #KoinoniaZaria #KoinoniaGlobal

Koinonia Global

13,638 просмотров • 2 лет назад

I TESTED EVERY POSSIBLE BITCOIN VS. MSTR TRADE No cherry-picked years or convenient cycle bottoms here. Every possible entry and exit across 1,496 shared trading days from August 10, 2020 through July 24, 2026. 1,118,260 holding periods. MSTR beat Bitcoin in 68.75% of them. But that headline conceals the real discovery... that MSTR was basically a coin toss over short periods. 1 week: 46.8% win rate 1 month: 47.2% 3 months: 48.0% 6 months: 52.0% 1 year: 54.4% Over weeks and months, MSTR was louder Bitcoin with a necktie and a caffeine problem. Then time entered the room. 2 years: 64.0% win rate 3 years: 86.7% 4 years: 100.0% 5 years: 84.5% The median 4-year MSTR investment produced 108.6% more terminal wealth than Bitcoin. That means the median MSTR holder finished with approximately 2.09× as much money as the equivalent Bitcoin holder. And when every holding period of at least a certain length is included: 1+ years: MSTR won 76.0% 2+ years: 86.9% 3+ years: 96.1% 4+ years: 96.6% 5+ years: 92.3% Across the entire dataset: Median MSTR return: +127.5% Median Bitcoin return: +62.2% Median MSTR wealth advantage: +33.1% From the beginning of the study: $10,000 in MSTR became $74,167. $10,000 in Bitcoin became $53,951. The decisive variable was time in the market. MSTR wins by giving the machine enough runway to work.

I TESTED EVERY POSSIBLE BITCOIN VS. MSTR TRADE No cherry-picked years or convenient cycle bottoms here. Every possible entry and exit across 1,496 shared trading days from August 10, 2020 through July 24, 2026. 1,118,260 holding periods. MSTR beat Bitcoin in 68.75% of them. But that headline conceals the real discovery... that MSTR was basically a coin toss over short periods. 1 week: 46.8% win rate 1 month: 47.2% 3 months: 48.0% 6 months: 52.0% 1 year: 54.4% Over weeks and months, MSTR was louder Bitcoin with a necktie and a caffeine problem. Then time entered the room. 2 years: 64.0% win rate 3 years: 86.7% 4 years: 100.0% 5 years: 84.5% The median 4-year MSTR investment produced 108.6% more terminal wealth than Bitcoin. That means the median MSTR holder finished with approximately 2.09× as much money as the equivalent Bitcoin holder. And when every holding period of at least a certain length is included: 1+ years: MSTR won 76.0% 2+ years: 86.9% 3+ years: 96.1% 4+ years: 96.6% 5+ years: 92.3% Across the entire dataset: Median MSTR return: +127.5% Median Bitcoin return: +62.2% Median MSTR wealth advantage: +33.1% From the beginning of the study: $10,000 in MSTR became $74,167. $10,000 in Bitcoin became $53,951. The decisive variable was time in the market. MSTR wins by giving the machine enough runway to work.

Adam Livingston

46,368 просмотров • 3 дней назад

Billionaire, Tony Robbins explains why most people never build real wealth even when they live in a system full of opportunity. “So IPhone has ran for 18 - 19 years. If you got an iPhone each time, you spend $22,000 and some change at retail price” “But if you bought Apple stock, same amount of money on the stock you’d be up $326,000 instead of being out $22,000” “If you’re going to use an Apple phone then at least own the company” “What are they making a mistake of? They’re consumers not owners. We’re a consuming society and we train our kids to be consumers as well”

Billionaire, Tony Robbins explains why most people never build real wealth even when they live in a system full of opportunity. “So IPhone has ran for 18 - 19 years. If you got an iPhone each time, you spend $22,000 and some change at retail price” “But if you bought Apple stock, same amount of money on the stock you’d be up $326,000 instead of being out $22,000” “If you’re going to use an Apple phone then at least own the company” “What are they making a mistake of? They’re consumers not owners. We’re a consuming society and we train our kids to be consumers as well”

Percy

1,824,219 просмотров • 1 месяц назад

Casar: I’m not in the Capitol building tonight because I have a pretty good idea of what's going to happen. For an hour or 2 or 3 or 4, a man who's made $4 billion off of being president is going to lecture you, the American people about how good you have it

Casar: I’m not in the Capitol building tonight because I have a pretty good idea of what's going to happen. For an hour or 2 or 3 or 4, a man who's made $4 billion off of being president is going to lecture you, the American people about how good you have it

Acyn

514,354 просмотров • 5 месяцев назад

"IVAN WILL THE DOLLAR HYPERINFLATE?! HOW TO PROTECT AGAINST IMMINENT HYPERINFLATION?" 1. New traders always make the classic mistake 2. They become worried about hyperinflation 3. Unfortunately they normally do it at pico tops in Gold, Silver and Bitcoin 4. That is when the media speaks about hyperinflation, you think that gold or silver or Bitcoin will replace the dollar TOMORROW, you buy and instead of losing 3-5% normal dollar inflation per year you lose 50% in silver in just a few months.... The inflation risk is real, hyperinflation CAN happen, in the video below I explain how to manage this risk properly and how I do it:

"IVAN WILL THE DOLLAR HYPERINFLATE?! HOW TO PROTECT AGAINST IMMINENT HYPERINFLATION?" 1. New traders always make the classic mistake 2. They become worried about hyperinflation 3. Unfortunately they normally do it at pico tops in Gold, Silver and Bitcoin 4. That is when the media speaks about hyperinflation, you think that gold or silver or Bitcoin will replace the dollar TOMORROW, you buy and instead of losing 3-5% normal dollar inflation per year you lose 50% in silver in just a few months.... The inflation risk is real, hyperinflation CAN happen, in the video below I explain how to manage this risk properly and how I do it:

Ivan on Tech 🍳📈💰 Head Trader @ Bullmania

25,770 просмотров • 4 месяцев назад

Experiment ⬇️ „Dubai is empty“ When I post a picture or video, I have already left, for my security When I post, I make sure I choose a moment and angle, with no faces visible or edit them out of the content, for their security For the same security reasons, the UAE doesn’t want us to film and post sensitive footage People like to make up stories and look for faults, here is an experiment: A teacher writes down: 1+1=2 2+2=4 3+3=6 4+4=8 5+5=9 Every student raises their hand and points out the last mistake, instead of pointing out that 4/5 calculations are correct At the end, we are all human and must protect each other, instead of making each other vulnerable

Experiment ⬇️ „Dubai is empty“ When I post a picture or video, I have already left, for my security When I post, I make sure I choose a moment and angle, with no faces visible or edit them out of the content, for their security For the same security reasons, the UAE doesn’t want us to film and post sensitive footage People like to make up stories and look for faults, here is an experiment: A teacher writes down: 1+1=2 2+2=4 3+3=6 4+4=8 5+5=9 Every student raises their hand and points out the last mistake, instead of pointing out that 4/5 calculations are correct At the end, we are all human and must protect each other, instead of making each other vulnerable

Tima

17,337 просмотров • 4 месяцев назад

Dale Vince, "I would welcome a wealth tax.. A rise in capital gains tax.. I've campaigned for both of these things because there are people in our country with more money, broader shoulders, and they pay less as a percent of income than ordinary workers do, that shouldn't be right" Christian Fraser, "There's a suspicion that a rich people would flee the country if there's a wealth tax" Dale Vince, "Very few rich people would leave.. And if they did, they're not the kind of people we want here" "If they're not willing to pay their fair share to live in this country, they should leave" Well said Dale Vince 👏

Dale Vince, "I would welcome a wealth tax.. A rise in capital gains tax.. I've campaigned for both of these things because there are people in our country with more money, broader shoulders, and they pay less as a percent of income than ordinary workers do, that shouldn't be right" Christian Fraser, "There's a suspicion that a rich people would flee the country if there's a wealth tax" Dale Vince, "Very few rich people would leave.. And if they did, they're not the kind of people we want here" "If they're not willing to pay their fair share to live in this country, they should leave" Well said Dale Vince 👏

Farrukh

407,178 просмотров • 1 год назад

To recap… 1. Discover PB collects taxes from businesses to maintain the Business District aka BID - Business Improvement District 2. The President of the Board - Randall told me today the BID does not collect a tax or fee from local businesses that go to Discover PB, the BID for Pacific Beach 3. It’s been nearly 5 months since that business opened and they can’t wash that corner or empty the garbage can or get a lid for it… aka they cannot maintain this trashcan or any others. 4. This business has sent an email once a month and called multiple times with one response as of yesterday which was several months ago. 5. Community meetings are a place to exchange ideas, not assault people with a different view supported by years of documentation.

To recap… 1. Discover PB collects taxes from businesses to maintain the Business District aka BID - Business Improvement District 2. The President of the Board - Randall told me today the BID does not collect a tax or fee from local businesses that go to Discover PB, the BID for Pacific Beach 3. It’s been nearly 5 months since that business opened and they can’t wash that corner or empty the garbage can or get a lid for it… aka they cannot maintain this trashcan or any others. 4. This business has sent an email once a month and called multiple times with one response as of yesterday which was several months ago. 5. Community meetings are a place to exchange ideas, not assault people with a different view supported by years of documentation.

Adam Huntington

11,902 просмотров • 10 месяцев назад

What if wealth isn’t about money? At Kevin Dahlstrom's ( Kevin Dahlstrom) BaseCamp Boulder event, he invited me and Pete Adeney, also known as Mr. Money Mustache, to explore the question: What is wealth? Here are my biggest takeaways from this conversation: 1- Money is a tool, not the goal. 2- Freedom without purpose still feels empty. 3- True wealth lives in five areas: health, relationships, time, mind, and soul. 4- Presence is the ultimate form of abundance. 5- True happiness comes from alignment, not accumulation. 6- The richest people I know live simply and think deeply. 7- You can’t buy fulfillment. You can only build it through purpose and service. It was so cool to see three different perspectives converge on the same fundamental principles. I think this is one of the best discussions on money, meaning, and purpose that I've ever been a part of. I hope you enjoy it as much as I did. The full conversation with Pete & Kevin is now live on Money Stories.

What if wealth isn’t about money? At Kevin Dahlstrom's ( Kevin Dahlstrom) BaseCamp Boulder event, he invited me and Pete Adeney, also known as Mr. Money Mustache, to explore the question: What is wealth? Here are my biggest takeaways from this conversation: 1- Money is a tool, not the goal. 2- Freedom without purpose still feels empty. 3- True wealth lives in five areas: health, relationships, time, mind, and soul. 4- Presence is the ultimate form of abundance. 5- True happiness comes from alignment, not accumulation. 6- The richest people I know live simply and think deeply. 7- You can’t buy fulfillment. You can only build it through purpose and service. It was so cool to see three different perspectives converge on the same fundamental principles. I think this is one of the best discussions on money, meaning, and purpose that I've ever been a part of. I hope you enjoy it as much as I did. The full conversation with Pete & Kevin is now live on Money Stories.

Mike Brown

68,794 просмотров • 8 месяцев назад

When people say things like ‘Why are people worried about wealth taxes that will never affect them’ it shows a fundamental misunderstanding of how the economy works and why even people who aren’t rich, don’t want wealth taxes. Wealthy people like it or not, are amongst the most economically productive people in our country, the top 1% of earners contribute 30% of our income tax receipts. The top 1% are responsible for approx 340,000 jobs in the economy etc. Wealthy people are also best placed to restructure their tax affairs to avoid wealth taxes and the most geographically mobile in our country, leaving for them is as easy as rearranging dates in their calendar. There is a wealth of comparative data from other countries showing wealth taxes are economically damaging, difficult to implement, expensive to administer and never raise the levels of taxes promised. There is no country in world that has ever raised anywhere near the £25 billion cited as the potential amounts that would be raised from an annual wealth tax. If the wealthy leave that impacts our tax base, which inevitably means that everyone else who isn’t wealthy, has to pay more tax. If they leave they will shift their strategic focus and capital to wherever they go, which means that money that would otherwise would have been invested in the UK will go elsewhere. This is precisely why other countries like Italy have tax regimes specially designed to incentivise wealthy people to come, they understand that having wealthy people is great for tax receipts, job creation and economic growth. It’s very disingenuous to assume the reason why people don’t support wealth taxes is because they believe they will one day be in the 1%. They don’t support wealth taxes for the most part because they understand they simply do not work. Zack Polanski is a dangerous man who isn’t even clear in his own mind why we need wealth taxes. His commitment to wealth taxes is ideological rather than evidence based. In the interview he explains that there’s a lot of the wealth in the city of London yet at the same time maintains that wealth taxes aren’t needed for raising tax revenues but are principally for reducing wealth inequality. So you mean to tell me the goal is the force some of the most economically productive people to leave so that we can all be poorer collectively but be more equal? In a country where 53% of households take more out of the state in benefits than they put in, what do you think will happen to the tax burden for working /middle class people if the top 1% leave or restructure their tax affairs in such as way that reduces their exposure to the UK. We are already at a post world war high when it comes to the tax burden and we are in real time seeing the damage it is doing to business and investor confidence in the UK economy. Yet you somehow think that levying even more taxes will have no impact on ordinary people?

When people say things like ‘Why are people worried about wealth taxes that will never affect them’ it shows a fundamental misunderstanding of how the economy works and why even people who aren’t rich, don’t want wealth taxes. Wealthy people like it or not, are amongst the most economically productive people in our country, the top 1% of earners contribute 30% of our income tax receipts. The top 1% are responsible for approx 340,000 jobs in the economy etc. Wealthy people are also best placed to restructure their tax affairs to avoid wealth taxes and the most geographically mobile in our country, leaving for them is as easy as rearranging dates in their calendar. There is a wealth of comparative data from other countries showing wealth taxes are economically damaging, difficult to implement, expensive to administer and never raise the levels of taxes promised. There is no country in world that has ever raised anywhere near the £25 billion cited as the potential amounts that would be raised from an annual wealth tax. If the wealthy leave that impacts our tax base, which inevitably means that everyone else who isn’t wealthy, has to pay more tax. If they leave they will shift their strategic focus and capital to wherever they go, which means that money that would otherwise would have been invested in the UK will go elsewhere. This is precisely why other countries like Italy have tax regimes specially designed to incentivise wealthy people to come, they understand that having wealthy people is great for tax receipts, job creation and economic growth. It’s very disingenuous to assume the reason why people don’t support wealth taxes is because they believe they will one day be in the 1%. They don’t support wealth taxes for the most part because they understand they simply do not work. Zack Polanski is a dangerous man who isn’t even clear in his own mind why we need wealth taxes. His commitment to wealth taxes is ideological rather than evidence based. In the interview he explains that there’s a lot of the wealth in the city of London yet at the same time maintains that wealth taxes aren’t needed for raising tax revenues but are principally for reducing wealth inequality. So you mean to tell me the goal is the force some of the most economically productive people to leave so that we can all be poorer collectively but be more equal? In a country where 53% of households take more out of the state in benefits than they put in, what do you think will happen to the tax burden for working /middle class people if the top 1% leave or restructure their tax affairs in such as way that reduces their exposure to the UK. We are already at a post world war high when it comes to the tax burden and we are in real time seeing the damage it is doing to business and investor confidence in the UK economy. Yet you somehow think that levying even more taxes will have no impact on ordinary people?

D 🏴󠁧󠁢󠁥󠁮󠁧󠁿

86,441 просмотров • 2 месяцев назад

If people aren’t making fun of you, you’re probably not on the right track. Why? Because most people are broke. Car payments, credit cards, and student loans have become the norm—but normal is broke. It’s time to stop flexing and start fixing. No more vacations on borrowed money. No more fake wealth. Lay out the basics and go all in. Here’s how you actually build wealth—the right way: The 7 Baby Steps 1. Save $1,000 for a starter emergency fund. This is your financial cushion for unexpected expenses. 2. Pay off all debt (except the house) using the debt snowball. List your debts smallest to largest, attack the smallest one first, and gain momentum. 3. Save 3–6 months of expenses in a fully funded emergency fund. This keeps you from ever going back into debt. 4. Invest 15% of your household income for retirement. Secure your future by putting money into tax-advantaged retirement accounts. 5. Save for your kids’ college fund. Give them a head start by setting aside money for their education. 6. Pay off your home early. Imagine life without a mortgage—that’s real financial freedom. 7. Build wealth and give generously. Once you’re debt-free and financially secure, you can leave a legacy and change lives. Wealth isn’t about looking rich—it’s about being free.

If people aren’t making fun of you, you’re probably not on the right track. Why? Because most people are broke. Car payments, credit cards, and student loans have become the norm—but normal is broke. It’s time to stop flexing and start fixing. No more vacations on borrowed money. No more fake wealth. Lay out the basics and go all in. Here’s how you actually build wealth—the right way: The 7 Baby Steps 1. Save $1,000 for a starter emergency fund. This is your financial cushion for unexpected expenses. 2. Pay off all debt (except the house) using the debt snowball. List your debts smallest to largest, attack the smallest one first, and gain momentum. 3. Save 3–6 months of expenses in a fully funded emergency fund. This keeps you from ever going back into debt. 4. Invest 15% of your household income for retirement. Secure your future by putting money into tax-advantaged retirement accounts. 5. Save for your kids’ college fund. Give them a head start by setting aside money for their education. 6. Pay off your home early. Imagine life without a mortgage—that’s real financial freedom. 7. Build wealth and give generously. Once you’re debt-free and financially secure, you can leave a legacy and change lives. Wealth isn’t about looking rich—it’s about being free.

Dave Ramsey

54,244 просмотров • 1 год назад

A woman who lives and works in California had $20,000 taken out of her bank account by The Oregon Department of Revenue She’s never lived in Oregon yet they were able to get her bank account information and take her money Oregon said the woman owed the money in unpaid income taxes and penalties, but she didn’t. She’s never lived or worked there She called and apparently Oregon has an address for her that was literally a public park They told her it would be 5+ months to refund her money. The woman had to get the local media involved to put pressure to make them give the money back faster Eventually, Oregon admitted it was a mistake Another state should not have access to out of state residents bank account information

A woman who lives and works in California had $20,000 taken out of her bank account by The Oregon Department of Revenue She’s never lived in Oregon yet they were able to get her bank account information and take her money Oregon said the woman owed the money in unpaid income taxes and penalties, but she didn’t. She’s never lived or worked there She called and apparently Oregon has an address for her that was literally a public park They told her it would be 5+ months to refund her money. The woman had to get the local media involved to put pressure to make them give the money back faster Eventually, Oregon admitted it was a mistake Another state should not have access to out of state residents bank account information

Wall Street Apes

1,839,450 просмотров • 2 месяцев назад