- cross-posted to:
- uk_politics@feddit.uk
- cross-posted to:
- uk_politics@feddit.uk
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Owning shit isn’t working. Why is this controversial?
Because the right wing media wants it to be. The answer is simple.
Cool if owning property is work. Let’s abolish capital gains tax and charge it as income.
Because at the end of it. That is what the telegraph etc is saying. They are trying to argue Starmer agreed to hold all taxes when the manifesto clearly stated working taxes.
Cool call their bluff all capital gains is now charged as income tax.
As a landlord (I own two properties) and as someone who also works full time I agree with him.
It may take up some time but ultimately it’s an investment.
Landlords like myself aren’t (typically) struggling, so we should pay more tax, especially now as the country needs it. I am proud to say I don’t tax dodge and pay what I owe. But unfortunately there are many loopholes that can be exploited to avoid paying tax. Just a few weeks ago someone was telling me how I should put my properties under a LTD company to avoid paying tax (I didn’t and won’t). I hope the Labour government does more to close these loopholes for tax dodgers.
Thank you.
I dont often agree with this Tory in disguise, but in this case he’s right.
Comrade Starmer lmao
He’s right though. I’d very much like a PM to take a hard line on these chuckle fucks.
Nothing “comrade” about it. It’s just sense.
He definitely is. It’s refreshing to finally even hear this sentiment from our government. However it’s just words, hopefully we start seeing some positive changes in the rental and housing market.
Very small scale landlords are often working people, and lots of working people own shares. That said, the bigger landowners and stock holders are much less likely to be working people. Those fuckers contribute nothing of value to society.
No landlord is a working person, otherwise they wouldn’t be landlords.
I know plenty of people who work full time in real jobs, and also rent out a house. Renting a single building doesn’t give you enough to quit your job where I live.
I’m super dubious because Starmer has done very little to earn my trust, but I would be very keen to be surprised, or even proven wrong
That may be the first thing he said that I agree with him on ever.
That is correct. They might work, but in context they are not “working people”
Here “working people” is synonymous with “working class”. Thus, not landlords and shareholders obviously
I’m curious about your definition of shareholder; what if I owe £80 worth of fractional shares in an app-based investment service? Does that make me a shareholder?
Then your income wouldn’t be affected in any real way by raising taxes on those shares and getting cross that Starmer taxing unearned income is affecting you badly is bothincorrect and missing the point.
Starmer is raising tax on unearned income instead of working people’s taxes, which is very fair for a change, and you’re splitting hairs over definitions of who counts as workers. You’re so missing the point.
It certainly doesn’t make you a worker.
It’s not my definition. It is the definition that is being used in context in the article. Read it before commenting
The definition being used is proper and common in modern usage.
Based from Starmer there.
Landlords and shareholders aren’t working people.
This might be my favourite thing he’s said yet
In a country like UK… He just pissed off a lot of parasites.
And thats a good thing! They got too comfortable over last 40 years.
UK is fucking gutted from within, and peasants accept it lol
Okay, so (hypothetically) I can be working for 50 hours a week to make ends meet. If I put any little savings I have from time to time into stock, I am not working people anymore? Just because I want to be financially responsible?
This isn’t hard to understand.
Owning stock doesn’t make you a worker. Being a landlord doesn’t make you a worker.
If you work on top of the above, you are a worker. If you do not, you aren’t.
There’s a big difference between “a landlord isn’t a worker” and “a landlord cannot be a worker.”
An absolutely based comment from Starmer.
I agree with you, but that’s not what Keir Starmer said. His spokesperson recanted it, but what he said originally was stupid.
No he did not.
He said that in his definition of working taxes. No, that person is not a worker.
And the Tory party agrees. That is why they call it capital gains tax rather than income.
This whole argument has been stirred by the right wing press since the election. Tories have constantly tried to claim the manifesto promise of no rise in working taxes means no tax rises at all.
It is an out right lie. And Starmer et al make it worse by refusing to address it.
Nothing the Tory party says or believes on taxation matches these claims. It is just a desperate attempt to sow division.
Lol whatever you say.
Read the news please.
When asked by Sky News if someone who works but also gets income from shares or property is a working person, Starmer said “they wouldn’t come within my definition.”
But if he said “income from owning shares isn’t eligible for PAYE taxation and therefore isn’t covered by a pledge to not increase taxes on workers’ earnings” he wouldn’t have a headline and you would be accusing him of talking like a politician and breaking promises.
But no, he was asked this in the context of some disingenuous question like “bbbut you promised not to raise taxes on working people, and this will hurt working people, aren’t people with a hardworking fast food day job and a tiny bit extra from a few shares or renting out their spare bedroom just to make ends meet exactly the working people you promised not to raise taxes on?”
And Starmer says no, and now we have a headline because a bunch of shareholders who are experts at hoarding money because it’s all they really care about are as pissed as they ever get because tHe GovErNmunT iS tAkiN aLL MY mUnnY.
It’s the daily telegraph, for goodness sake. When did they ever care about ordinary people’s finances?!
By your definition I should be called a footballer because I play football once a week casually. Ignore the 50 plus hour weeks of my actual job. I got $50 from football as season champions (it’s a gift card, for the bar, at the place I play). I better go update my linkedin!
You’re funny, good one.
What are you talking about? This is exactly what Keir Starmer is saying and is what I am calling stupid.
If Starmer suggested taxing football income you would be being a bit daft if you claimed that it was going to hurt the guy you just replied to on the grounds that he earned fifty quid from football.
“But he’s a worker too and he’s not rich and you promised not to tax him” is sillier than saying that he isn’t covered by the promise to not raise taxes on working people.
That’s because (and this is the bit that’s not quite got through to you somehow yet) the vast, vast, vast majority of his income is from working, not from football.
you’ll put those savings into a stocks and shares ISA where any gains from stocks are tax free guaranteed.
If you have more than £20k a year to put away into stocks and shares then yeah you need to pay some tax bruv.
That’s not what Keir said originally, he said people who own any stock should be excluded from “working people”. Then people got (rightfully) mad and his spokesperson had to recant for him.
No he did not.
He said people who own any stock should be excluded from “working taxes"
More accurately, he said they do not fit his definition of working taxes. Because that was the question the telegraph was trying to miss represent.
As does the Tory party and every government since the 1950s. That is why we have capital gains tax as well as income tax.
This whole argument is nothing but absurdly biased reporting from right wing press. Intentionally launched to try and sow division in the electorate. Just like every Tory tactic since the election was announced.
Why are you so cross about this? He only means that he’ll tax their unearned income a bit more, and if they really are working people out won’t affect them much.
The extent to which it affects workers is the extent to which they aren’t workers. It isn’t the logical gotcha you seem to think it is.
🤡
Truth hurts I guess.
And, as everyone here says. He is correct. It is an investment. Not work. Yes you are taking a risk, that is the point. If you work, you should not be taking a risk. But instead paid for your labour.
Unfortunately, saying it here doesn’t matter. Papers like the telegraph and other Tory press are not going to care about the facts. They only care about creating division.
More importantly, Starmer et al. Are also not going to make the effort to argue this case. No effort is going to be made to push forward the true difference between working class income and actual investment income.
Anyone watching saw this argument starting during the election. It was clear then when labour started talking about working taxes. The Tories instantly started arguing that the Tories were talking about not raising taxers at all. Anyone watching saw this discussion forming.
And Starmer et al. intentionally ignored it rather than draw attention to the difference. They will not bother to fight the terminology now either.
I mean, he’s right. The whole point of my mother leveraging her home to become a landlord back then was because she had a stroke and literally could-not-work. Landlords aren’t working class. They’re just investors.
I don’t know why they seem to think they are. Yes some landlords do labor, but that labor is to maintain and improve value of their income from owning things.
That landlord aint much of a lord
Yeah he’s a relative who started as a handyman and kept investing in rental property.
a relative who started
as a handymanin the working class and keptinvesting inhoarding rental property so they could exploit others for profit and an opportunity to correct what they believe is their “temporarily embarrassed millionaire” status.
Of course they’re not working people. They are leveraging capital to give them an income. That is not the same as chopping wood and carrying water.
They do no labor, they create no good, they accomplish no service. Literal rent-seeking.
Well I remember when I used to rent I don’t remember my landlord ever doing anything. He owns the property but he certainly didn’t maintain it.
Rare Starmer W
Broken clock moment.
Context for this statement?
Is he pandering to beat down brits?
He’s a self serving neoliberal who doesn’t give two fucks about the working class.
He has made it clear all along that he is nothing but a corporate and establishment shill, and while making this one accidentally accurate statement about landlords, his party is planning to, for example, go ahead with pretty much the exact same cuts and abuses (E: like the government having unlimited access to the bank accounts of all benefits claimants) that the Tories had planned for the poorest in society, along with trying to force as many sick and disabled people in to work as they can (without providing any more support or income to help this happen of course, just more punishment for those who
can’t“refuse”). Landlords will not be getting any of the same treatment.His statement doesn’t reflect any moral leanings, nor a will or intent to change anything for the better.
Yesterday I heard they were reducing the amount people on universal credit can have their payment reduced for utility debt etc, which is good. It’s not all completely horrible, there are some silver linings.
