Keir Starmer's definition of working class

That wasn’t what he said. Working people were those who couldn’t write a cheque if they got into trouble. People who live off rents, dividends and share sales or who earn interest on savings pay income and/or capital gains tax and they pay the same indirect taxes as the rest of us. We are not supporting them. You seem to have a problem with anyone who isn’t on PAYE.

There must be a very small proportion of the population who live on rents and dividends etc.

Presumably those with rental properties run these as a business? Wasn't this was encouraged during the last Labour administration by Gordon Brown to increase the numbers of rental property available after the Barker Review?

Tax is paid on dividends.

Tax is paid on dividends

After an additional tax free allowance and at a lower rate.

equalitytrust.org.uk/scale-economic-inequality-uk/

The 'wealthy' might be few in number but they are 'high' in wealth.

And lightly taxed..

Guilty of owning stocks and shares.
They came free from banks and building societies.

I also hold stocks and shares ISAs - free of tax.

Thatcher would be proud of you, *Callistemon'. One of the few who held on to the bribes.

Bribes from banks and building societies?

Dividend tax will almost certainly be raised by Labour, along with capital gains tax. And they expect private investment …. Before you say it Maisie, of course many shares are bought on the market and not from the issuing company, but such moves will have a detrimental effect on the markets imo, and on the value of companies as their share prices go down.

Bribes MaizieD? Thatcher would be proud of you?
What does that mean?

It sounds sarcastic to say the least, there was no need for that.

We had a mortgage with Abbey National (now Santander) so got free shares, then had changed to the Woolwich (now part of Barclays) when we moved so got free shares with them too.

DH sold his, I still have mine, the dividends must have been -ooh - £hundreds over the years.
Riches!

Now I know why I took a break.
Unfounded sarcasm levelled against posters by those who quite honestly don't sound poverty-stricken themselves with their leafy acres and horses.

Report if you wish.

MaizieD

Thatcher would be proud of you, *Callistemon'. One of the few who held on to the bribes.

Sounds like green eye to me.
Do all those talking of bribes never accept anything given to them by banks or building societies
-e.g. interest in savings (if you have any)?

Thatcher oversaw the privatisation of building societies, nationalised industries and utilities, with their 'giveaway' of free shares as a way of creating voters for the tory party . It was a bribe.

Taxing unearned income more lightly from share dividends is inequitable. I don't have a problem with share ownership, just the way dividends are taxed.

I apologise if I misinterpreted Callistemon's post as being a defence of this inequitable taxation.

What would be the effect on investment and the markets if dividend tax and capital gains tax were significantly raised Maizie?

Oh dear.

That was not an apology. It was further compounding an insult.

I suppose we should have refused them on principle even if our finances were strained at the time.

You may have not needed every little extra bit of income but some of us were thankful.

It didn't bribe me btw.

Leave it be MaizupeD, will you? You just take every opportunity to sneer. It's not a pleasant trait.

MaizieD

Thatcher would be proud of you, *Callistemon'. One of the few who held on to the bribes.

Why be so sarcastic (downright nasty)?

👍🏻

MaizieD

Thatcher oversaw the privatisation of building societies, nationalised industries and utilities, with their 'giveaway' of free shares as a way of creating voters for the tory party . It was a bribe.

Taxing unearned income more lightly from share dividends is inequitable. I don't have a problem with share ownership, just the way dividends are taxed.

I apologise if I misinterpreted Callistemon's post as being a defence of this inequitable taxation.

If that’s an apology 🤣🤣🤣
Gordon Brown robbed pensions and stopped MIRAS.
You probably weren’t affected by either of those actions, but millions were at the time and now have to live with the outcome of that robbery.
Incidentally, do you refuse the interest on your savings, or consider it a bribe?

Interest on savings is quite different from share dividends. And is taxed, as are share dividends.

Do go on abusing me. I can handle it.

Building societies were never owned by the state Maizie, so they could not be privatised. Those which became companies were previously mutual societies owned by the people who saved with them. When they became companies those people were given shares as I’m sure you are well aware.

Of course MaizieD must be aware, Germanshepherdsmum as were most people who had a mortgage.

Although - not everyone needed a mortgage I suppose, those who were wealthy or inherited property.

We had to scrimp and go without to pay ours at 15%.

MaizieD

Interest on savings is quite different from share dividends. And is taxed, as are share dividends.

Do go on abusing me. I can handle it.

If you’re given money, and you put it in the bank do you turn down the interest?

Weren’t you affected by the removal of MIRAS and GB’s actions on pensions. If you weren’t, then lucky you.

Do go on abusing me, I can handle it as well as you can.

Germanshepherdsmum

Bribes from banks and building societies?

Dividend tax will almost certainly be raised by Labour, along with capital gains tax. And they expect private investment …. Before you say it Maisie, of course many shares are bought on the market and not from the issuing company, but such moves will have a detrimental effect on the markets imo, and on the value of companies as their share prices go down.

What evidence for this?

For what?

MaizieD

equalitytrust.org.uk/scale-economic-inequality-uk/

The 'wealthy' might be few in number but they are 'high' in wealth.

And lightly taxed..

The very wealthy, 10%, pay over 60% of income on tax. Many of these people run Business, employ people. How much would you make them pay.

Wasn’t 90 percent tax paid at one time?

Yes, and how many left the country?

Counter-productive.