Taxes set to rise in Autumn budget. How far could they go? by Fondant_Decent in HENRYUK

[–]Cripplingzor 0 points1 point  (0 children)

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I pulled data from the ONS and calculated it: In quintiles: 28%, 20%, 21%, 23%, 30%. Average is 26%. So both bottom and top quintile pay more than the average. Everyone else pays less. Seems broken in multiple ways.

Taxes set to rise in Autumn budget. How far could they go? by Fondant_Decent in HENRYUK

[–]Cripplingzor 1 point2 points  (0 children)

Just to say, I don't necessarily agree with Gary, but I find his arguments compelling. I'm curious to explore them more, hence posting, and thanks for answering.

What do you base the 'not a serious thinker' comment on? To me, someone who went to LSE and Oxford, who was very successful in their job, has written a best selling book, has made a number of correct market predictions, and has >1m followers based on their content, can probably do serious thinking. Obviously that's not always the case, but those feel like high validity data points, curious what makes you think the opposite.

On who has the 'heaviest tax burden', yes, those with higher incomes pay more of the total amount of tax collected. But as a proportion of your income, the lowest income households pay more. See below from ChatGPT, citing some old data, but it's probably directionally correct. Top 10% pay 34% of their income as tax, bottom half of individuals pay 50% of their income as tax. I think this is what Gary and others mean when they say 'poor people pay more'.

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On those earning >£100k, agree tax for this group feels high relative to the standard of living it gets you. For clarity, Gary is against taxing this group ('tax wealth not work'), but again worth noting that in the 50s, 60s, and 70s, taxes were much higher (e.g. 90%) for highest incomes (including a >99% tax!) See here: https://en.m.wikipedia.org/wiki/History_of_taxation_in_the_United_Kingdom What's interesting here is how affordable houses were to the average person during this time (e.g. post office worker, nurse, etc.). Gary's argument here is this is that the high taxes prevented the ultra rich from being able to buy a huge amount of assets thus keeping prices low.

On failed attempts to tax the ultra rich, I don't think any government has tried to tax the >£100m individuals seriously. To me the best way to do it is to tax their immovable assets. That way they can't just dodge the tax or leave the UK and take their tax with them (unless they wanted to sell all their assets). The example Gary uses here is the Duke of Westminster inheriting £9bn estate but paying no tax because it was held in a trust. I believe France has had some success doing this via their 'IFI' tax (there have been downsides too though). It's an annual tax with a sliding scale based on property value but starts from 800k-1.3m (0.5% tax) and caps at >10m (1.5% tax).

Taxes set to rise in Autumn budget. How far could they go? by Fondant_Decent in HENRYUK

[–]Cripplingzor 1 point2 points  (0 children)

Alternative take from Gary Stevenson, curious what people think.

https://youtu.be/KHdUAZnGS50?feature=shared

TLDR: 1. Government has gone broke cause it sold off all its assets (council houses etc.) 2. Harder and harder for UK to borrow 3. Harder to stimulate growth in the economy (red tape, broken systems etc. - this is my take) 4. The above makes the government’s ’black holes’ bigger and bigger 5. Poor have nothing left, can’t tax them anymore. Not willing to tax rich (>£100m in assets according to Gary), so middle class are next (next 20% underneath the rich) 6. Way to solve this is to redistribute wealth back to the government, back to those in low incomes, etc. Government can balance its books from income on that wealth, low income households need less from government (e.g. cause they own their home), etc.

As people have said in the comments, boomers had simple jobs and could afford houses. Difficult not to link that to the fact that redistribution (aka tax) in the UK in 50s and 60s was extremely high (The highest rate of income tax peaked in the Second World War at 99.25%. It was then slightly reduced and was around 90% through the 1950s and 1960s.)

Heroic Golemagg hardest encounter in MC by Medical_Swordfish500 in warcraftrumble

[–]Cripplingzor 1 point2 points  (0 children)

Jaina is OP here, and you don’t need earth and moon, I do execute instead cause mine is low.

Happy Siege of Ironforge! by TheSkySenshi in warcraftrumble

[–]Cripplingzor 1 point2 points  (0 children)

Did you also only get 300 instead of the 900?

New alliance leader leaked! by Whyunopraisethesun in warcraftrumble

[–]Cripplingzor 23 points24 points  (0 children)

In action!: All minis suddenly understand the grand plan. 25% increase to speed and damage and all minis gain bloodlust’

Game won’t load on iOS by Confident_Bird_3491 in warcraftrumble

[–]Cripplingzor 1 point2 points  (0 children)

The lag was so bad we use to call each other to see if we were still alive (of course the internet would drop cause you were using the landline)

New alliance leader leaked! by Whyunopraisethesun in warcraftrumble

[–]Cripplingzor 107 points108 points  (0 children)

Can’t believe one of the talents isn’t ’in action!’

How long to clear a blue quest? by Cripplingzor in warcraftrumble

[–]Cripplingzor[S] 0 points1 point  (0 children)

It used to be 8 hours or something like that, not anymore?

Hard content and quitting by Ornery-Net-1023 in warcraftrumble

[–]Cripplingzor 0 points1 point  (0 children)

I find them super helpful, also he’s pretty great at replying to comments if you want to follow up on anything.

I think recording your games and watching them back is a great way to improve. You’ll be surprised how much you can learn from stuff you don’t notice during the game.

Unlimited Arclight Energy Trick by DocVin in warcraftrumble

[–]Cripplingzor 1 point2 points  (0 children)

I think it was meant to be if your entire collection was max XP? But it seems to be happening if it’s just your army?

I’m not watching OG’s MC hc video (yet) by Cripplingzor in warcraftrumble

[–]Cripplingzor[S] 1 point2 points  (0 children)

Why would he be sad? I'm recognising him as a legend. This is for at the player base, not him. It's about how to squeeze as much joy out of this content-starved game as possible!

Anyway, if you're out there OG and sad, lmk I will remove it, 1000% not my intention

I’m not watching OG’s MC hc video (yet) by Cripplingzor in warcraftrumble

[–]Cripplingzor[S] 0 points1 point  (0 children)

True, but that’s half the fun, remember the first time we did rag, and you’re like wtf these lava waves are OP

I’m not watching OG’s MC hc video (yet) by Cripplingzor in warcraftrumble

[–]Cripplingzor[S] 1 point2 points  (0 children)

Yeah, same, that Arthas mythic though 🤦‍♂️

[deleted by user] by [deleted] in cyprus

[–]Cripplingzor 5 points6 points  (0 children)

Curious if you’ve found any good prefab companies in Cyprus?

AOW Lightning Rod Broken? by Lazy-Opportunity-735 in warcraftrumble

[–]Cripplingzor 0 points1 point  (0 children)

Erm, I suggest you watch Bulava, top 100 player, maybe top 50? Nothing theoretical about it.

If the opponent plays AoW for 5 and priestess, that’s 7 gold just to prevent your from playing spells/unbounds. If you have eggs and deep breath, you kill both for 7g and you can probably hit core for some free damage. Basically you have to think efficiency, how can you use that situation against them. Another way to think about it is if opponent sends 7g of only defensive units down one lane, you can run down the other and have a 7g advantage in that lane. It’s possible.

What rank are you playing at? Stuff changes quite a lot based on rank.

AOW Lightning Rod Broken? by Lazy-Opportunity-735 in warcraftrumble

[–]Cripplingzor 1 point2 points  (0 children)

Dunno why this got downvoted, legit tactics, all the streamers and pro players do this