[Oliver_W]

Originally Posted by GiRTh

Percentage its the same but proportionally its much more. The logic being that the person on 16k paying 20% would impact their disposable income much more than a person paying 20% on 100k.

Someone who earns £100k evidently works much harder than someone earning £16k, why shouldn't they have more disposable income? What's more, people live to their means. Someone who bought a sic mansion and keep it ticking along with their family inside wouldn't appreciate being told to pay more tax.

[GiRTh]

Originally Posted by Oliver_W

Someone who earns £100k evidently works much harder than someone earning £16k, why shouldn't they have more disposable income? What's more, people live to their means. Someone who bought a sic mansion and keep it ticking along with their family inside wouldn't appreciate being told to pay more tax.

I bring you back to the question I posed - How does a country become rich?

[Oliver_W]

Originally Posted by GiRTh

I bring you back to the question I posed - How does a country become rich?

What do you mean by "a country" ? /if you mean the people within it, they can become rich by working hard, and if they don't work hard they don't deserve to be rich.

[GiRTh]

Originally Posted by Oliver_W

What do you mean by "a country" ? /if you mean the people within it, they can become rich by working hard, and if they don't work hard they don't deserve to be rich.

Oh dear.

What's the difference between microeconomics and macroeconomics?

[user104658]

Originally Posted by Oliver_W

What do you mean by "a country" ? /if you mean the people within it, they can become rich by working hard, and if they don't work hard they don't deserve to be rich.

The American Dream? I'm pretty sure even Americans don't believe in that any more .

[DemolitionRed]

Originally Posted by Oliver_W

What do you mean by "a country" ? /if you mean the people within it, they can become rich by working hard, and if they don't work hard they don't deserve to be rich.

This is such a neoliberal way of thinking.

My husband earns considerably more money than I do but its a business he inherited some years ago that just earns him money without him doing very much at all. I could work a forty hour week doing a professional job and never earn what he earns working a ten to fifteen hour week. I don't begrudge him his earnings because I benefit from it too but please don't suggest my job has less value than his.

[Oliver_W]

Originally Posted by GiRTh

Oh dear.

What's the difference between microeconomics and macroeconomics?

So what's your definition of "a country", and how can it be made rich?

Originally Posted by DemolitionRed

This is such a neoliberal way of thinking.

My husband earns considerably more money than I do but its a business he inherited some years ago that just earns him money without him doing very much at all. I could work a forty hour week doing a professional job and never earn what he earns working a ten to fifteen hour week. I don't begrudge him his earnings because I benefit from it too but please don't suggest my job has less value than his.

Someone worked hard to build that business. By running it he's creating and maintaining jobs - that's pretty darn valuable.

[GiRTh]

Originally Posted by Oliver_W

So what's your definition of "a country", and how can it be made rich?

.

As I said in my first post, its a fascinating subject that cannot be easily summed up. I think its an area where neither left wing or right wing economics are correct, and again as I said in my first post, you have to take the best ideas from each economic theory to get the best result.

[Kizzy]

Originally Posted by Oliver_W

Someone worked hard to build that business. By running it he's creating and maintaining jobs - that's pretty darn valuable.

The point was that it was not her husband, therefore he was not initially the one who 'worked hard'.
How can your 'worked hard' theory be transferable down the generations?

[DemolitionRed]

Originally Posted by Oliver_W

What do you mean by "a country" ? /if you mean the people within it, they can become rich by working hard, and if they don't work hard they don't deserve to be rich.

This is such a neoliberal way of thinking.