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reply to post by Cabin
We should thank them for:
1) Starting wars in the name of so-called democracy
2) Stealing our money as their the ones who control the banks and corporations
3) Barely paying their employees enough to live on without starving
4) Spying on us
5) Flaunting the law
If anyone else has anything to add please be my guest.edit on 27-11-2013 by RedShirt73 because: (no reason given)
reply to post by tankthinker
As a collective we are fully responsible for society and living within laws, these responsibilities need paying for, hence I really don't mind paying taxes. However, the entire system isn't transparent enough and in order to do that, we have to cut the safety line from the bankers and start thinking of sustaining the people.
Minimum wage is a complete insult and should well be at least £10.00 an hour. In real terms it is because usually the lower earners are in receipt of tax credits, which means they are subsidised by the taxpayer. We are subsidising our own servitude, it's laughable isn't it?
If you owe taxes pay them, just like 90% of the people do. The corporations who find a way not to pay any should be held in disdain and not looked at as an object to be envious of.
The City of London is a city within London. The City constituted most of London from its settlement by the Romans in the 1st century AD to the Middle Ages, but the conurbation has since grown far beyond its borders. As the City's boundaries have remained almost unchanged since the Middle Ages, it is now only a tiny part of the metropolis of Greater London, though it remains a notable part of central London. It holds city status in its own right and is also a separate ceremonial county. It is widely referred to as the City (often written on maps as "City" and differentiated from the phrase "the city of London" by capitalising the word City) or the Square Mile as it is 1.12 sq mi (2.90 km2) in area.
These terms are also often used as metonyms for the United Kingdom's financial services industry, which continues a notable history of being largely based in the City. The term London now refers to a much larger conurbation roughly corresponding to the London region, also known as the Greater London administrative area, comprising 32 boroughs (including the City of Westminster), in addition to the City of London. The local authority for the City, the City of London Corporation, is unique in the UK and has some unusual responsibilities for a local council, such as being the police authority.
It also has responsibilities and ownerships beyond the City's boundaries. The Corporation is headed by the Lord Mayor of the City of London, an office separate from (and much older than) the Mayor of London. The City is a major business and financial centre. Throughout the 19th century, the City was perhaps the world's primary business centre, and it continues to be a major meeting point for businesses. London came top in the Worldwide Centres of Commerce Index, published in 2008. The insurance industry is focused around the eastern side of the City. Another major financial district in London is located at Canary Wharf, 2.5 miles (4.0 km) to the east. The City has a resident population of about 7,000 (2011) but over 300,000 people commute to it and work there, mainly in the financial services sector. The legal profession forms a major component of the northern and western sides of the City—especially in the Temple and Chancery Lane areas where the Inns of Court are located, of which two—Inner Temple and Middle Temple—fall within the City of London boundary.
London, the great global financial centre, has another claim to fame: it has become the fastest growing destination for international tax avoiders. The world's super-rich and an elite cadre of financiers working in the Square Mile are increasingly using non-domicile tax status to sidestep paying tax on their fortunes. Thanks to 208-year-old laws designed to ensure British colonialists kept their overseas income intact, billionaires are now flocking to London in rapidly increasing numbers.
Those benefiting from non-dom status have rocketed over the last five years. The Treasury, responding to questions lodged by The Observer under Freedom of Information legislation, confirmed that 112,000 individuals indicated non-dom status in their self-assessment returns in the tax year to April 2005. This is a 74 per cent increase over 2002's figures.