Great viewpoint again Kristien. I agree, wealth taxes are a minefield when you consider how snd what to value! And yes, they will hide wealth abroad or hide it somewhere!
To me, spouting wealth taxes shows a complete misunderstanding of our tax system. To me it’s a naive thought and proves they haven’t thought it through in similar terms as you.
Wealth is the stuff we buy with money. It accumulates from hard work and reward by receiving lots, and lots of money. It represents the surplus money over and beyond their costs of living. It’s that surplus that affords the wealth they create.
The government’s problem is not how to tax more as you may suggest it is. You can put taxes up as much as you can but, unless the economy can pay those taxes it’s a useless and as I say naive, fallacy.
No, the governments problem is one step before that. It’s the same problem we all face.
It’s a CASH FLOW problem short and simple!
Cash freely SPENT has been declining for decades. Cash earned in proper wages and incomes has been eroded and replaced with indebted money. Who’s cost has been rising for decades to the point that it’s not just us who are indebted but now our governments too!
That cost of borrowed MONEY is now so much that the rich, whose MONEY supplies that lending is never truly SPENT. It’s just lent back with the provision to fully repay with interest and in the case of invested MONEY it comes added with a take of future profits!
All this indebted MONEY is therefore, the reason why the rich who’s MONEY we borrow and use to live get richer with more CASH FLOW whilst we get poorer and more indebted with LESS and LESS CASH FLOW to us.
In other words they get more and we get less if the same MONEY.
So we have to work harder for less. It’s why our government is underfunded and our system is underfunded. We have been working for less for decades so we have all been underfunded. That’s why we borrowed to survive. That’s why the cost of living is so high because everyone else had to borrow to survive and it’s why the rich are able to earn from MONEY they never freely SPEND themselves but loan it to us to repay with even more MONEY going back to them via institutions like Banks and Pension funds and wealth funds have so much MONEY and earn with it whilst producing nothing in return! Except misery and debt.
However, if MONEY were to be free flowing without debt from a start of earning from work and freely SPENDING that MONEY in fair exchange for living and freely SPENDING over living costs on enjoying life and buying goods and stuff others produce and buy asset then and only then, can we all be well paid and properly funded ourselves and in tax on that vastly increased income pay the taxes our government needs to pay its way properly.
At present our system is flawed. It’s failing us, the majority in favour of the few. The minority. That’s not just unfair, it’s totally undemocratic.
And it’s all because the rich reach a point where they hold so much MONEY, not wealth but MONEY that they live off the lending of it rather than constructive production paid for by MONEY being SPENT freely via SPENDING that MONEY thousand of times a day rather than one wealth tax a year.
MONEY is and should be a fair exchange of work. But unless it’s freely SPENT back into the system that supplies it then if course the flow becomes restricted and can ad now, strangle the life out of us the people.
Whereas if it flows constantly and perpetually via SPENDING it can supply do much more taxation MONEY from LESS TAX. Yes we can get more for less.
It’s totally counterintuitive to SPEND MONEY freely each month but it’s a fact. If we all had to we could all be well paid earning more from a tsunami of CASH FLOW that in turn pays us all more and more so we can all be wealthier from the goods asset and stuff we buy through our increased earnings. Even the rich can be richer just not with holding onto MONEY but from earning loads and having to SPEND loads. Thats the irony. We can all be richer! Immediately!!
So Kristien it’s definitely a CASH FLOW problem. Of freely SPENT MONEY. By those who hold it.
If we had proper funding we can all be better off. If our government was properly funded from lower tax on a higher turnover then we can have a NHS that really works. New Schools new homes new roads new defence systems and everything.
We apparently have £19 trillion pounds out in the aether. If that’s true, then were that to be SPENT just once. In one whole year not thousands of times a day but just once in a year. It should or could bring in £3.8 trillion pounds on one rotation from VAT alone.
Kristien that’s nearly four times our present tax take from all taxes now! Four times from one tax!!
That’s the power of CASH FLOW when it all gets SPENT.
Great viewpoint again Kristien. I agree, wealth taxes are a minefield when you consider how snd what to value! And yes, they will hide wealth abroad or hide it somewhere!
To me, spouting wealth taxes shows a complete misunderstanding of our tax system. To me it’s a naive thought and proves they haven’t thought it through in similar terms as you.
Wealth is the stuff we buy with money. It accumulates from hard work and reward by receiving lots, and lots of money. It represents the surplus money over and beyond their costs of living. It’s that surplus that affords the wealth they create.
The government’s problem is not how to tax more as you may suggest it is. You can put taxes up as much as you can but, unless the economy can pay those taxes it’s a useless and as I say naive, fallacy.
No, the governments problem is one step before that. It’s the same problem we all face.
It’s a CASH FLOW problem short and simple!
Cash freely SPENT has been declining for decades. Cash earned in proper wages and incomes has been eroded and replaced with indebted money. Who’s cost has been rising for decades to the point that it’s not just us who are indebted but now our governments too!
That cost of borrowed MONEY is now so much that the rich, whose MONEY supplies that lending is never truly SPENT. It’s just lent back with the provision to fully repay with interest and in the case of invested MONEY it comes added with a take of future profits!
All this indebted MONEY is therefore, the reason why the rich who’s MONEY we borrow and use to live get richer with more CASH FLOW whilst we get poorer and more indebted with LESS and LESS CASH FLOW to us.
In other words they get more and we get less if the same MONEY.
So we have to work harder for less. It’s why our government is underfunded and our system is underfunded. We have been working for less for decades so we have all been underfunded. That’s why we borrowed to survive. That’s why the cost of living is so high because everyone else had to borrow to survive and it’s why the rich are able to earn from MONEY they never freely SPEND themselves but loan it to us to repay with even more MONEY going back to them via institutions like Banks and Pension funds and wealth funds have so much MONEY and earn with it whilst producing nothing in return! Except misery and debt.
However, if MONEY were to be free flowing without debt from a start of earning from work and freely SPENDING that MONEY in fair exchange for living and freely SPENDING over living costs on enjoying life and buying goods and stuff others produce and buy asset then and only then, can we all be well paid and properly funded ourselves and in tax on that vastly increased income pay the taxes our government needs to pay its way properly.
At present our system is flawed. It’s failing us, the majority in favour of the few. The minority. That’s not just unfair, it’s totally undemocratic.
And it’s all because the rich reach a point where they hold so much MONEY, not wealth but MONEY that they live off the lending of it rather than constructive production paid for by MONEY being SPENT freely via SPENDING that MONEY thousand of times a day rather than one wealth tax a year.
MONEY is and should be a fair exchange of work. But unless it’s freely SPENT back into the system that supplies it then if course the flow becomes restricted and can ad now, strangle the life out of us the people.
Whereas if it flows constantly and perpetually via SPENDING it can supply do much more taxation MONEY from LESS TAX. Yes we can get more for less.
It’s totally counterintuitive to SPEND MONEY freely each month but it’s a fact. If we all had to we could all be well paid earning more from a tsunami of CASH FLOW that in turn pays us all more and more so we can all be wealthier from the goods asset and stuff we buy through our increased earnings. Even the rich can be richer just not with holding onto MONEY but from earning loads and having to SPEND loads. Thats the irony. We can all be richer! Immediately!!
So Kristien it’s definitely a CASH FLOW problem. Of freely SPENT MONEY. By those who hold it.
If we had proper funding we can all be better off. If our government was properly funded from lower tax on a higher turnover then we can have a NHS that really works. New Schools new homes new roads new defence systems and everything.
We apparently have £19 trillion pounds out in the aether. If that’s true, then were that to be SPENT just once. In one whole year not thousands of times a day but just once in a year. It should or could bring in £3.8 trillion pounds on one rotation from VAT alone.
Kristien that’s nearly four times our present tax take from all taxes now! Four times from one tax!!
That’s the power of CASH FLOW when it all gets SPENT.