As of the time I write this, it could change a half dozen times before the end of the day, we have tariffs on canadian steel and aluminum. Plus, he’s apparently added Australia to the list. So we’re down to what, Russia and Hungary as the only countries he hasn’t fucked with yet?

The job that social media has done to convince half of americans that he’s not working on behalf of Russia would be impressive if it wasn’t so harmful.

Trumps added fear to market since getting in due tarriffs, markets drop consumers get spooked investors get spooked global economy gets spooked, hence less spending on top of high interest rates and recession fears, then we get that surprise inflation drop and fed considering reducing rates already, oil even drops near 10 dollars since he got in.

The tarriffs ploy is working to a tee, as he made it clear he want interest rates low to boom the economy. There is a chance he pulls these tarriffs in a month or two then all the drama calms down a bit to give the market a chance to then go to all time highs again. Plus if that war ends it’s great for inflation also and the market in general. Can not rule out a bull market next year. It’s about lining the dots laugh at it or not that’s my thesis to buying the dip.

👀👀 on metals in this capital rotation event

Millsy Welcome to my world. The crazy thing is I am now declining to do extra work for the NHS because I am not going to pay 62% tax.

    Amps the left needs to grow teeth so to speak

      The 100k stealth tax is beyond a fucking joke

      I don’t fully get this 60% tax thing, as you don’t pay 60% tax, you just lose your tax allowance. Those over the £125k amount don’t suddenly go from 60% to 45%, as you have still lost your tax allowance? So why is it any different to the 100-125 range where the reduction happens?

      It is still a shit position and made me stick bonuses into my pension, but it’s a great wage compared the the average in the country so I’m not complaining

        RichM Income taxes are too high and counterproductive. They should be taxing assets like second homes and accumulated wealth.

            Taxing wealthy pensioners like Grant is absolutely imperative to get us BACK ON TRACK.

              It is a 60% marginal rate Rich.

              You lose £1 of personal allowance for every £2 you earn. So for every £2 you earn an extra £1 is being taxed at 40%. which means that for every £2 you earn you pay an extra 40p tax. That is on top of the 40% tax you are already paying. Which brings you to 60%

              And yes, the crazy thing is, when you hit 125k, anything you earn over that is taxed at a lower rate.

              So either earn £199,999 (there is a massive pension cliff edge at £200k) or £99,999. The worst thing to do is do overtime in the £100-125k zone as you get taxed at 60% plus 2% NI

                benson so the allowance you lose is taxed at 40% but after 125k that allowance you have lost is taxed at a lower rate? As it’s still lost

                I would still rather earn £199k than £99k, yes you pay high tax but you are still taking home more money.

                I don’t mind paying tax, but wish it was spent better.

                    alistair surely you can only tax on realised income / capital not unrealised gains? As then the system would be fucked.

                      This tax chat is off the chain!

                      RichM I would still rather earn £199k than £99k

                      You never!

                          Rich I’ve got one for you.

                          I’d rather have a billion pounds than a million pounds.

                          Smallman1 it sounds crazy i know, but some people seemed to be so focused on the tax I think they forget there is the money after tax which still goes up the more you earn.