Search found 1586 matches

by GoSeigen
June 14th, 2019, 11:53 pm
Forum: Polite Discussions
Topic: Tory leadership candidates discover money tree
Replies: 138
Views: 2092

Re: Tory leadership candidates discover money tree

I said "taxes". Bobby is only citing income tax. We both show that the top 10% pay the majority of taxes and so it is hardly surprising that they might be the most in need of tax cuts. QED. No you didn't show anything. You merely claimed it. I was actually quite interested in the source o...
by GoSeigen
June 14th, 2019, 7:37 pm
Forum: Polite Discussions
Topic: Tory leadership candidates discover money tree
Replies: 138
Views: 2092

Re: Tory leadership candidates discover money tree

I said "taxes". Bobby is only citing income tax. We both show that the top 10% pay the majority of taxes and so it is hardly surprising that they might be the most in need of tax cuts. QED. No you didn't show anything. You merely claimed it. I was actually quite interested in the source o...
by GoSeigen
June 14th, 2019, 5:12 pm
Forum: Polite Discussions
Topic: Tory leadership candidates discover money tree
Replies: 138
Views: 2092

Re: Tory leadership candidates discover money tree

The top 10% of earners pay about 70% of taxes. Source please, Lootman. Thanks, GS Top 10% do pay a lot of income tax, although not 70%. Top 1% pay 27,9% of Income tax Top 5% pay 48.4% of income tax Top 10% pay 51.5% of income tax Thanks BobbyD, As he hasn't show his sources I'll just assume Lootman...
by GoSeigen
June 14th, 2019, 5:08 pm
Forum: Polite Discussions
Topic: Tory leadership candidates discover money tree
Replies: 138
Views: 2092

Re: Tory leadership candidates discover money tree

Thanks for doing Lootman's research, SteMis. Except that he didn't, because I made no statement about the state pension nor about any particular monetary amount like this alleged 100 billion. No problem Lootman, you've successfully convinced me that you make wild claims without thinking about what ...
by GoSeigen
June 14th, 2019, 4:47 pm
Forum: Music, Theatre, TV and Film
Topic: Music identification
Replies: 2
Views: 201

Re: Music identification

There's a bass synth sound that I have heard very similar to the synth hit which comes in at about 6sec in this song... https://youtu.be/b9Ull8vHWhU?t=5 ... but I can't for the life of me think which song or even group used it. Can anyone identify the group/song? I'm pretty sure it is a recent crea...
by GoSeigen
June 14th, 2019, 7:39 am
Forum: Polite Discussions
Topic: Tory leadership candidates discover money tree
Replies: 138
Views: 2092

Re: Tory leadership candidates discover money tree

In the case of government spending there are things you cannot cut, as I explained to Stemis, such as gilt interest and state pensions. Maybe public sector pensions as well although they have been crammed down in bankruptcy proceedings, and certainly should be addressed going forward. How much is c...
by GoSeigen
June 14th, 2019, 7:32 am
Forum: Polite Discussions
Topic: Tory leadership candidates discover money tree
Replies: 138
Views: 2092

Re: Tory leadership candidates discover money tree

Lootman wrote:The top 10% of earners pay about 70% of taxes.


Source please, Lootman.

Thanks,

GS
by GoSeigen
June 14th, 2019, 6:58 am
Forum: Polite Discussions
Topic: Tory leadership candidates discover money tree
Replies: 138
Views: 2092

Re: Tory leadership candidates discover money tree

If we are going to allow ourselves to be distracted by de facto blackmail then we might as well give up now. Maggie had the right idea. When the miners took to the streets, we put some stick about and defeated them. We never negotiate with terrorists. Erm, we've been negotiating with Irish terroris...
by GoSeigen
June 14th, 2019, 6:22 am
Forum: Macro and Global Topics
Topic: Peak Coal in China: the tipping point is reached.
Replies: 24
Views: 413

Re: Peak Coal in China: the tipping point is reached.

There is a distinct "doomer" undercurrent to the original article, such that the consequences of almost everything are interpreted as being (highly) negative, with virtually no scope for positive consequences. Essentially, assuming that humans won't respond to feedback, adapt to changing ...
by GoSeigen
June 14th, 2019, 5:52 am
Forum: Property Investment Discussions
Topic: This year's most stupid idea ...
Replies: 5
Views: 407

Re: This year's most stupid idea ...

So to suggest that people should take money out of their (probably) hopelessly inadequate pension fund to further inflate the property market is very close to the definition of insanity. Wait... barely ten years ago, I thought, everyone was saying that their properties were their pensions. So now, ...
by GoSeigen
June 13th, 2019, 9:51 pm
Forum: Polite Discussions
Topic: Tory leadership candidates discover money tree
Replies: 138
Views: 2092

Re: Tory leadership candidates discover money tree

GoSeigen said: Recent UK govt spending is some 38.4% of GDP so there is no question he was claiming 5% of GDP could be removed from the budget. As GDP is c£2tr, even my 11yo daughter could calculate that the required saving is £100bn. This is a one dimensional analysis which is why an 11 year old m...
by GoSeigen
June 13th, 2019, 4:57 am
Forum: Polite Discussions
Topic: Tory leadership candidates discover money tree
Replies: 138
Views: 2092

Re: Tory leadership candidates discover money tree

If we can move on from Lootman's 5% equals or doesn't equal £100b, I'm actually interested in what cuts Lootman has in mind. It's actually an important issue, because no-one disputes that the odd department could find 5% of savings on its current spending. What is in dispute is the belief by some t...
by GoSeigen
June 13th, 2019, 4:52 am
Forum: Polite Discussions
Topic: Tory leadership candidates discover money tree
Replies: 138
Views: 2092

Re: Tory leadership candidates discover money tree

If we can move on from Lootman's 5% equals or doesn't equal £100b, I'm actually interested in what cuts Lootman has in mind. It's actually an important issue, because no-one disputes that the odd department could find 5% of savings of its current spending. If you reread the start of this thread it ...
by GoSeigen
June 13th, 2019, 4:39 am
Forum: Polite Discussions
Topic: Tory leadership candidates discover money tree
Replies: 138
Views: 2092

Re: Tory leadership candidates discover money tree

Actually the highest UK marginal rate is 62% when including NI, there is this sweet spot with earnings between £100k and £125k due to the withdrawal of the personal allowance re these earnings, this effectively taxes these earnings at 60% due to the 40% rate applied directly and the loss of 20% rel...
by GoSeigen
June 13th, 2019, 4:03 am
Forum: Polite Discussions
Topic: Tory leadership candidates discover money tree
Replies: 138
Views: 2092

Re: Tory leadership candidates discover money tree

In the case of government spending there are things you cannot cut, as I explained to Stemis, such as gilt interest and state pensions. Maybe public sector pensions as well although they have been crammed down in bankruptcy proceedings, and certainly should be addressed going forward. How much is c...
by GoSeigen
June 13th, 2019, 3:34 am
Forum: Investment Trusts and Unit Trusts
Topic: Patient Capital
Replies: 37
Views: 2095

Re: Patient Capital

It was never intended for people who wanted to make a fast buck. It was up over 14% when I first looked this morning so i suppose some have taken the opportunity to get out. I meant that some investors may wish to try and make a fast buck as they are assuming that there will be a swift bounce in th...
by GoSeigen
June 12th, 2019, 11:08 pm
Forum: Polite Discussions
Topic: Tory leadership candidates discover money tree
Replies: 138
Views: 2092

Re: Tory leadership candidates discover money tree

Just being pedantic, but 38.5% is approximately 15% more than 33.3%. TJH It's not pedantic, it's just failing to read and fully quote the context which was: Your quotations prove that it was you who invented the idea of "5% from GDP". I never said that nor did I cite any absolute amount. ...
by GoSeigen
June 12th, 2019, 10:54 pm
Forum: Music, Theatre, TV and Film
Topic: Music identification
Replies: 2
Views: 201

Music identification

There's a bass synth sound that I have heard very similar to the synth hit which comes in at about 6sec in this song... https://youtu.be/b9Ull8vHWhU?t=5 ... but I can't for the life of me think which song or even group used it. Can anyone identify the group/song? I'm pretty sure it is a recent creat...
by GoSeigen
June 7th, 2019, 3:56 pm
Forum: Gilts and Bonds
Topic: RAVP
Replies: 69
Views: 2024

Re: RAVP

The state of the 2018 accounts is another concern. But I think that this mainly comes down to the big property revaluation in GBP and the fact that the Ruble lost so much against the GBP in the relevant accounting period. In my understanding the revaluation was not a cash item. So how do you explai...
by GoSeigen
June 7th, 2019, 11:20 am
Forum: Portfolio Management & Review
Topic: Why to 'Invest and forget'
Replies: 13
Views: 1945

Re: Why to 'Invest and forget'

OhNoNotimAgain wrote:
It is just a reminder that the longer you invest the less important capital becomes and the more important income is.


OhNoNotThisAgain!

GS

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