Comparing Business revenue with National Income isn't comparing like with like, business income is profits, and these are a fraction of revenue, NOT the whole revenue.
Big business always wheels out the same old defense of their tax practices - they employ countless employees & pay vast amounts of rent, which contributes to the UK economy. Correct me if I am wrong, but surely this is in no way extra revenue? Say you have 1000 people working for topshop, compared to ten independent retailers each employing 100 people. The contribution to the UK economy would be the same, they would all receive wages, pay tax, and the stores would all pay rates.
The rich invented tax, to protect their wealth and position, and keep us in servitude. There are two ways to control the masses, one is by the gun, the other is through the money supply. Make people dependant on a monetary system that THEY the money men created and control and you have a population in servitude to those who own it, and therby own you. They have taken control of and bought a world by using PAPER. Now that, you have to give them credit for, oops, not credit, they own everything.
That Richard Baron is such a whore. They roll him out to spout the corporate lies every other week. Wonder how much he gets paid to have no human dignity.
Much wealth is held by land ownership.
Land Value Tax takes away the economic rent of merely owning land and would avoid the problem of Trans National Corporations slippery accounting.
The money could be redistributed as a National Dividend tax prebate for everyone living here.
WillOrng 4 months ago
Comparing Business revenue with National Income isn't comparing like with like, business income is profits, and these are a fraction of revenue, NOT the whole revenue.
WillOrng 4 months ago
Big business always wheels out the same old defense of their tax practices - they employ countless employees & pay vast amounts of rent, which contributes to the UK economy. Correct me if I am wrong, but surely this is in no way extra revenue? Say you have 1000 people working for topshop, compared to ten independent retailers each employing 100 people. The contribution to the UK economy would be the same, they would all receive wages, pay tax, and the stores would all pay rates.
chrisfass 1 year ago
@chrisfass and the independent retailer would be paying their corporate tax!
LucaBoulders 1 year ago
The rich invented tax, to protect their wealth and position, and keep us in servitude. There are two ways to control the masses, one is by the gun, the other is through the money supply. Make people dependant on a monetary system that THEY the money men created and control and you have a population in servitude to those who own it, and therby own you. They have taken control of and bought a world by using PAPER. Now that, you have to give them credit for, oops, not credit, they own everything.
TRUEANGLO 1 year ago 2
That Richard Baron is such a whore. They roll him out to spout the corporate lies every other week. Wonder how much he gets paid to have no human dignity.
PhantaJisto 1 year ago
UK Uncut is F'n incredible... you guys get me PUMPED!
ChrisPriestMusic 1 year ago
5:42 - thats misleading
-Income tax is on the employee and the money they've earnt working (see your payslip)
-Employees national insurance is again out of their money that they've earnt working (see your payslip)
-Employers national insurance, ok, he can have that one.
-VAT generated on sales is paid for buy the consumer. VAT on business purchases are claimed back. It is only the consumer who pays VAT not businesses.
-Buisness rates, what, you mean rent? oh sod off, we all pay rent.
LucaBoulders 1 year ago 7
@LucaBoulders BINGO...exactly what I thought as he said it :)
chocky763 1 year ago