Ms Coates

[LancyTony]

On 05/04/2021 at 17:59, Properman said:

She has all that money, why does'nt she give a bit back to the workers. A bit like JCB, give them a bonus, going on the profit. Then alot more would benefit. The city would have more off the workers who earned the money and spent it in the city.

She could also do more for the poor in stoke on Trent, give £100 million, and still have over £300 million, for herself (in just one year) 

It's estimated that people in the top tax brackets pay 60 - 70% in direct and indirect taxation. They have lovely, big houses - they pay stamp duty and top whack VAT on conveyancing and legal matters, plus on the nice furniture and gadgets. They will probably have top-of-the-range  motors...so paying top whack insurance / VAT on insurance / vehicle tax, and fuel, etc. 

Let's say Ms Coates pays around £150 million in taxes - which is not impossible - that's enough to pay the annual salaries of almost 6,000 nurses. Why do you think the highest earners should keep paying out on top of what they do? Do you want to go back to "the £ in your pocket will soon be the £ in my pocket?"  Get real!!!!

[EricHamesis]

What is she doing that is worth her "earnings"? (To take 10-20 thousand times as much as a typical worker.) The only way to become rich is to make a lot of other people poor, or maintain them in poverty. To become very rich you have to similarly exploit a very very large number of people.

[Fosse69]

What is she doing that is worth her "earnings"? (To take 10-20 thousand times as much as a typical worker.) The only way to become rich is to make a lot of other people poor, or maintain them in poverty. To become very rich you have to similarly exploit a very very large number of people.

Turnover 50 Billion Pounds, bookies cut easy peasy. The trick was spotting the market.

[geosname]

1 hour ago, EricHamesis said:

What is she doing that is worth her "earnings"? (To take 10-20 thousand times as much as a typical worker.) The only way to become rich is to make a lot of other people poor, or maintain them in poverty. To become very rich you have to similarly exploit a very very large number of people.

She has and is taking the risk. If you take the risk you either pay the cost or take the benefit depending on if the risk is successful. 

Earned wealth comes from taking that risk.

I took that risk 30 years ago and lost. The couple of employees I had lost their job. After everything was sold, including my house, I was left with a £40,000 debt.

If employees want a share of the profits they should invest in the company.