For anyone not wanting to read into the Reddit thread and is also from the US, it seems the “normal” tax rate is ~40% for people in the UK. So, 23% is a fairly large tax break.
I dunno how accurate that is, but if it’s wrong, Cunningham’s Law absolutely applies.
Americans? Do they visit this place? Why would they?
Cause it’s important to, at least, vaguely stay up to date o the news happening in countries that have a big presence on the world stage
just in case they find oil 😆
have a big presence on the world stage
Aaah I see you’re a smoker of the devils lettuce. ;)
I was there a few times. The beer was good and the pub atmosphere was kinda cool. Some random girl took me around the underground/after hours club scene in London once, so that was unique.
It was a good number of years ago though and lots of booze was involved, so I think I had some wicked-cool adventures?
Bad! Wrong!
The UK is a shitole beyond compare and I will have nothing good said about our shitole!
Well, y’all did give us the imperial system of measure, so I am really bitter about that. That is absolutely unforgivable, actually.
Because browsing new of all is the only way to use lemmy
Jesus. That’s like winning the lottery every damn year. Why should a politician make that much? Let him go into corporate private business if he wants to make more. I guarantee you there will be someone who cares more about your country who is perfectly fine with making 200k-300k per year.
Did you read the article at all? His salary as PM was like 10% of his income. The rest was from investments he made FROM his time in banking.
Why is your FROM capitalized? To you type a lot of SQL on your phone and it got auto-capitalized or what?
Normalize SQL formatting IN normal text conversations
To underscore the point that he already worked in banking. The op said “if someone wants to make that much they should work in the private sector”…Rishi Sunak very much did work in the private sector.
SQL on phone sounds like a nightmare
His PM salary is only about 7% of that total.
His job is to represent the people of his electoral riding and manage the day to day work of the PM’s office. That he’s making £2M on the side is grounds for an immediate recall if you ask me.
I don’t think he’s making active investment decisions. In fact I’m almost certain it will be some sort of blind trust which is the usual mechanism ministers use for their investments when they go into office.
I know that’s common practice and sometimes even the law, but it doesn’t matter if it’s a blind trust. The decisions made by the person getting the money are more influenced by how much they stand to gain or lose, and less by what the people want and need.
The point is that the people cannot possibly trust a representative who has higher priorities than serving the people.
That’s weird, his salary as PM is just £160,000. Has he been bunking off work early to go to some side job? Most employers have strict rules about employees working elsewhere at the same time, as it negatively impacts employee performance.
He owns shares. He makes money in his sleep. :(
Workers make money, he just gets some for no reason.
We need to fix this to make sure that income from wealth is taxed at the same rate as income from work.
No, it should be the other way around. Someone who does nothing but sit on his arse and put money forward should be taxed more than the people who give up their time - the most valuable of all commodities - to help the former group earn money doing nothing.
