Should the government take 10% off any savings over 50,000 pounds?

No CGT is payable on ISAs. The £385/week you can put into an ISA is hardly 'pub money'.

Given money is a concept of the state I'm surprised it disgusts you.

I mean its either steal it directly, or deftly steal it with financial manipulation. You'd rather continuing money printing approach I take it.

Oh wow! People aren't entitled to food… just revisit what you have said there and let that sink in.

But how we will achieve a system that will create a nice and fair environment for all of us. Maybe by voting for Boris Johnson and Rees Mogg???
Or Priti Patel?? Another star of the politics of the 21st century...

Just to go over this point, food takes work to produce and is a commodity that people sell to earn a living. Are you saying people are entitled to the fruits of other people's labour?

@Burton Bridge
As for your point about flat tax, a flat tax is not a regressive tax. A regressive tax would be something like a poll tax where the rich pay proportionally less than the poor. With a flat tax you pay a given percentage of your income to the government and that percentage doesn't vary - it is the only fair tax.

Even better is to ask Brexiteers for 50% of their savings. We will have to pay a lot of money to just float so it's a very reasonable argument.

The rest should not pay anything.
Charge the Brexiteers up to 50% of their savings and we can save a lot of money at the end.

In that case I misunderstood what you are proposing, I'm sorry could you explain you ideal tax system, please? I cannot comment on somthing I dont know the details of.

I'm proposing a system where all people (with a personal allowance) pay the same tax rate.

You said: "The op says nothing on the aforementioned?" But he certainly used those phrases in a previous post! You can easily check. Maybe he needs to start clarifying what he means by his "fancy' terminology then in order to expand upon his already faltering view of what should be done with other people's savings above 50k?
BAME people. by definition, cannot be in a majority can they? The point i was making is that because of the undeniable financial challenges disproportionately facing BAME people ,there is no way that, if by some miracle they manage to acquire 50K + in savings to buy property etc, that they should be subject to an additional tax of 10% on those savings.

https://www.google.com/amp/s/amp.theguardian.com/money/2018/dec/27/uk-black-and-ethnic-minorities-lose-32bn-a-year-in-pay-gap

And your point is sorry? Nobody is stopping them from getting educated and finding themselves a better/different job if thats the issue youre jabbing at. Not to mention the rather basic fact that the virus doesnt go about checking peoples bank balances. I mean if we're going to base it solely on wealth and socioeconomic status then obviously the 'bame' people arent going to have anywhere close to the number of fatalities as whites, simple math dictates this.

You're the one going on about alleged racism across the board, i'm merely pointing out that plenty of ethnic groups do just fine, and indeed better, than the white population of the British isles.

Not entirely sure why whats going on in China has any bearing whatsoever in this conversation? Blacks arent banned from anything in the UK so i fail to see the basis for a comparison.
Equally, there are damn all Indians in China to start with.


How exactly are you defining bame here? As one pointed out, and the government figures corroborate, plenty of ethnic minorities from around the globe do just fine in the UK. Rather putting cold water on your argument that all bame people are not but racially discriminated against.
Why not? Indians are asians after all. You can't very well use the lumped together term bame and then exclude most of the asian contingent from it..?
Why have you put blacks in quotation marks sorry?

Yes they can - many countries have black, Asian or what in the UK we would consider to be a minority ethnic group (eg Poles) majorities.
If you go to Nigeria you will see it is a black-majority country. If you go to South Korea you will see it is an Asian-majority country. If you go to Poland you will see it is a Polish-majority country (Poles are an ethnic minority in the UK).

Oh here we go.....

Every single thread this troll does this, dont feed him FFS

Which is regressive and results in rich paying proportionally less than the poor.

You just inplied you wanted a different model where this doesn't happen, how are you going to achieve this?

Every single thread this troll does this, dont feed him FFS

In that case I misunderstood what you are proposing, I'm sorry could you explain you ideal tax system, please? I cannot comment on somthing I dont know the details of.

Don't worry about BB , he is a very angry man because i dealt with his dodgy views on socialism and racism. Feed BB with improved knowledge on capitalism and also teach him about race issues. He needs to listen harder! Ignore his slander!

*grabs popcorn*

Right. My solution is that we would have a personal allowance of £12.5k similar to how it is now. We would then have a flat 20% rate and have no additional or higher rates. The rich would still pay proportionally the same amount as the poor in this situation. Do you see what I mean?

*grabs popcorn*