How can that be right? | James O'Brien - The Whole Show

[@ollyglenday6561]

Why don’t children get taught about tax,mortgages, pensions, shares and real world issues that will affect them while at school so when they enter the workplace and enter adulthood they have a clue about how to navigate all this

[@Bushwacker-mb6hw]

Agree instead of all the woke Bullshite

[@freemind409]

And add respect,cultures,religion and the world would be a better place

[@mjcats2011]

​@@Bushwacker-mb6hwWhat's woke?

[@andrewstevenson118]

@@mjcats2011 In the US, Governor DeSantis’ general counsel, Ryan Newman, was asked to define “woke” and he responded that the term means “the belief there are systemic injustices in... society and the need to address them.” And consider the source. I'm happy to be called woke. 🙂

[@alanhat5252]

​@@Bushwacker-mb6hwfrom your point of view, please define "woke".

[@SwampusMcGarniglus]

It's amazing when poor people go to bat for the rich

[@ibexdnb2879]

Nothing wrong with the rich. It's not their fault they just play the game.

[@jbagger331]

The Sumner and The Roberts family run media operations just like Murdoch family, they just prop centerleft narratives instead, O'Brien doesn't even know they exist.

[@alanhat5252]

The current problem with using private capacity for NHS backlogs is that there are a huge number of NHS staff moonlighting in the private sector to boost their wages & vice-versa to soothe their ethics so it's effectively a single pool of staff (& often of buildings & equipment) so the extra capacity may turn out to be a fantasy. 😢

[@alanhat5252]

6:30 Income Tax, Capital Gains Tax & Corporation Tax were originally the same, they were separated in the 20th Century

[@anthonyrybicki1000]

Too Many big charities waste our donations on so called professional managers at eye watering salaries which are aabove commercial salaries for marketing for equal opportunities.

[@MrPutin-e7v]

Because charity’s are a scam

[@deancyrus1]

7:26 you pay for petrol and pay tax with wages you've already paid tax on. silly caller

[@DanKindopp]

The private hospital industry could be paid for their investment and the hospitals renationalized. Remove the profit, fund the staffing properly, and Bob's your uncle. Do NOT give one penny of public money to an investor beyond the proper price for the material being purchased.

[@michaelslinger6903]

I see echoes of rabid Murdoch coverage in Australia when a prospective Labor government proposed to remove a 50% discount on CGT.

[@Ooze-cl5tx]

When people buy groceries with already taxed income and then pay VAT on it - where are the pearl clutchers to complain about double taxation ?

[@andrewstevenson118]

Yeah, and also term investments. If I put 100k into a TD, and over time it turns into 200k, I get taxed on the increase. So, I should get taxed the same if my 100k in an investment property turns into 200k.

[@alanhat5252]

​@@andrewstevenson118the tax already exists, they're just talking about increasing it. It's 20%, 24% or 28% at the moment, they're deciding where between 33% & 39% the top rate should be.

[@andrewstevenson118]

@@alanhat5252 I figured, but wasn't fully aware of the details. I don't understand why it doesn't just get tipped into your total income, perhaps with some sort of amortisation [is that the right word?] for the length of time you have an investment. So a 100k profit over ten years doesn't get all taxed at the top rate.

[@DevDogra-w9p]

But everyone plays the vat

[@genesis1765]

The woman 1st caller for private health is right that's what happened post 97. Waiting list going down also means more taxes as people go back to work. It's a no brainer. And it's max £1 billion

[@DevDogra-w9p]

Yes paying taxes are patriotic!!!

[@Laytown]

People have no idea how unfair it really is behind the scenes. I work on private banking and I promise, most multi home owners aren't paying even close to the normal rate.

[@ilikethis3203]

That Reform guy was right. He was one of those knuckle-draggers.

[@dotmatrix01]

👍🏻👍🏻

[@jbagger331]

The Sumner and The Roberts family run media operations just like Murdoch family, they just prop centerleft narratives instead, O'Brien doesn't even know they exist.

[@alanhat5252]

NHS backlogs - Even in 1948 it was acceptable practice to purchase capacity from the private sector to deal with surges, this definitely continued until Thatcher started the rot in the NHS. It's not odd. The NHS did have some surge capacity (quite a lot of surge capacity) but when that was exceeded there has never been a problem with spending money to deal with it. Because of this backlogs were rare & minimal.

[@happychappy7115]

They the government have to find money somewhere....😊 Making choices, is about who pays? Working people or rentier capitalists.

[@darrenowen3199]

Most BTL landlords have been taken in by the infinite growth lie where they can take out the gains as a loan and invest more. If you brought a £100,000 house 10 years ago you'd have been told that you can double the value of the property, but if you take out the maximum ad a loan you now have a 150k loan on a house worth 200k when you sell you have fees and costs but then you have to pay 20k in tax making your profit less. If they make this 39% you could end up paying put more than you have. They forgot that they already took out 50k as the additional loan and did not pay any tax on that

[@traxop1902]

That caller wanting a deduction on capital gains taxation because of inflationary factors. I wish our wage/salaried income were subject to the same consideration, but no, instead your wages and it's real buying power has been eroded year on year as inflation rises. If your wages aren't keeping up with inflation - and it hasn't for decades - then why should we give special dispensation for the investor class?

[@DevDogra-w9p]

I agree with this we should have a rising minimum wage that keeps up with inflation and the capital gains tax should be cut/remain the same

[@alanhat5252]

1:11:50 "Chemi Khazi" 😂😂😂😂

[@greamespens1460]

When you think about it there is great significance in the passage of time.

[@pg6354]

Great episode, James. Particularly loved your seamless dismantling of that wally who was torn between Kemi & Nige.

[@DennisMoore664]

Loved the way he put himself into idjits corner and then proceeded to prove that he was correct to do so. "There are lots of examples but I can't come up a single one or else I come up with one that is easily disproved".

[@dotmatrix01]

I loved how he didn’t let the caller speak then quickly changed the subject. Standard for O’boring

[@belindamay8063]

@pg6354. I particularly enjoyed his joust with the sofa-bound , self-justifying capitalist. I do however hate his acceptance of the term “hard-working” . There is no actual virtue in “hard” work, whether you doing it voluntarily for your own advantage or being forced into it. Tory propaganda created the phrase and you can see why. It can be used as a lash, or a bit of seductive flattery. The intention is to create division in the ranks of the enemy.

[@Sam88-l4k]

​@dotmatrix01 Think you find the caller was changing what he was saying by providing more "facts" all James did was ask examples of every "fact" given to him.

[@leaguefan7640]

@@dotmatrix01 Why do you listen? Do you get pleasure being wound up? Whatever floats your boat!

[@greamespens1460]

Although not responsible there is weather seeding that is employed throughout the world. I do not think that most people know this

[@thomaswikstrand8397]

I hate liberals. Obviously the private sector "can do it". Just at a higher cost and with lower quality, unless you go for the premium option (term and conditions apply, poor people need not apply). Read that Chomsky quote again and again until you start to get it.

[@JohnnyCastle369]

If you make a profit you make a profit ‘ who cares about the tax you pay.

[@johnrussell3961]

Bussuness ask first where is the best place to make profits, tax is the second question.

[@edwellt]

1:25:00 l would actually like more callers like him😂😂😂😂😂

[@firefox5926]

1:46:24 then nationalise them ideal at a rate that takes back what over the last however many years they have "profited"

[@jonnobloggs1139]

Dan at 1.13 reminds me of the over confident test batsman who comes to the crease to face up to Shane Warne ; swinging the bat in the air to show his intentions that he is going to smash Warney all over the pitch only to be humiliated by a whopping leg cutter that turns at an angle of 329 degrees, dismantling the off and middle stump over the keepers head landing just before the boundary followed by the long long walk of shame to the pavilion before a baying crowd.

[@michaellongobardi91]

I understand people prefer raising capital gains over raising vat or anything else, however it might be worth pointing out that investing to finally reap the rewards after 20-30 years is the key to escape the rat race, to gain freedom (from an employer, a job you hate, a partner you don’t love anymore….). Something we should all aspire to.

[@wiseget]

It is obvious that Starmer is not the sharpest tool in his cabinet and his father is to blame!

[@TheHajinator]

Looooool

[@ChristiFennema]

Your videos are a real pleasure! The quality, the presentation of information - everything is top-notch. Thank you so much for your hard work.🐦♂️🤸‍

[@ArtyFactual_Intelligence]

Emma Chizzett ?

[@MrDavidp180]

Opinions you may have, but the bottom line is, This So called Nation Needs a Leader We don’t have one/ I don’t see one in the place of squabbles…or the privileged idiot, who just signs things, for history Sad times people

[@ArtyFactual_Intelligence]

Only followers have an urgent need for a Leader. cf 1938 Germany

[@WeDontStop1]

Finally 🎉

[@IRAM_rehman]

❤james❤

[@wiseget]

The London Labour echo chamber at LBC is always a laugh!

[@megannehover4013]

When I was a child investing was explained to me as a way to ensure your savings kept their value over time while helping your community. If you got a little bit more back than your original + inflation, you could give it to charity.

[@davidgreen6490]

Its so disgusting watching a champagne socialist, coming from a rich family, tell others about their money..

[@ArtyFactual_Intelligence]

Disgusting How ?

[@Bushwacker-mb6hw]

You views are getting less and less 😂

[@christopherbrown5779]

There is two prongs on this tax. Tax on the interest and tax on the gains. Champagne socialists are nauseating.

[@gingerjester2870]

tax on 2 examples of income that is gained purely for having assets... of course there should be equal or more tax on that kind of income rather than earned income

[@christopherbrown5779]

@@gingerjester2870 you get taxed on the interest of the mortgage that allows you make the income. It should be a deductible, but it’s not. That’s a tax on interest and a tax on appreciation. That’s two prongs. James is really wealthy, he’s not climbing or trying, he’s arrived financially, so he doesn’t mind. I mind.

[@gingerjester2870]

@@christopherbrown5779 You're just wrong. The interest on a mortgage is a deductible... you do not get taxed on it. Qualifications? I'm a tax accountant

[@christopherbrown5779]

@@gingerjester2870 jester you got jokes. I own property. If my mortgage on a rental is 1000pcm and my mortgage is 700pcm, I don’t get taxed on 300 profit, I get taxed on the 1000pcm. These are facts

[@gingerjester2870]

@@christopherbrown5779 you need a better accountant then. The mortgage payments are non-deductible. But the interest portion of them is. E.g. if you pay £700 mortgage, but your mortgage balance goes down £630 (10% interest rate for simplicity) then the £70 interest is an allowable expense. Never did I say the full mortgage is allowable. Unless you have an interest only mortgage, in which case it is. Also, if you are paying tax on the full £1000, you really are missing a trick. There are a lot of expenses you should be including on your tax return to lower your declared profit and as such your tax. There are variances between if you are doing this as a sole-trader or a ltd company. If you would like further tax advice I will need to start charging. Feel free to contact me

[@darrenowen3199]

If you want to sell your business, my business will help you reduce your Capital Gains Tax by making an ethical sale to your staff. You can get a reduction of CGT to 0% on the value you sell to your staff. Helping them to become business owners

[@steveharding643]

The thumbs down for the James oboring 🥱

[@andrewstevenson118]

Why do you listen?

[@steveharding643]

@@andrewstevenson118 i don't he just pops up on my feed like an annoying little flea

[@andrewstevenson118]

@@steveharding643 Stop commenting and LBC will disappear from your feed fairly quickly. It will be better for your mental health.

[@deancyrus1]

​@@andrewstevenson118that's what I always wondered. They watch and get upset 😂

[@andrewstevenson118]

@@deancyrus1 I don't think they even watch. My goodness, it must be exhausting for them. Finding all these boring vidyas they don't watch, and then commenting on them. I wouldn't have the energy.

[@Bushwacker-mb6hw]

Private all the way

[@Bushwacker-mb6hw]

The quicker they get two TEIR Kier out the better

[@mjcats2011]

See you have nothing but pathetic slogans.

[@alanhat5252]

​@@mjcats2011your contribution is somehow more valuable? How exactly?

[@mjcats2011]

@alanhat5252 Is that not a pathetic slogan? Enough said!

[@MaatBlack-t7c]

He didnt use a slogan. You were asked a question. ​@mjcats2011

[@mjcats2011]

@@MaatBlack-t7c Two tier Kier statement is pathetic. Nothing more needs to be said.

[@TheBigBangkokTheory]

If you investin stocks and lose whose going to help , if you profit you have to pay. Not fair.

[@andrewstevenson118]

@@TheBigBangkokTheory You're right but don't you just claim the loss against your income? Thus reducing your tax burden.

[@DennisMoore664]

if you gamble on dodgy investments and lose that's the way the chips fall, but if you earn a living from an hourly or salaried job and pay less in taxes then someone who is gaining from passive investment income from tried and true stocks _that's_ not fair. Then there's the point andrewstevenson118 made which is an additional benefit with investments - even when you lose it's not all bad.

[@j7ech402]

Again LBC.. 3hrs of utter dribbling moronic blabber..? Nobody cares.. Leftist Bubbleworld content is hilarious 😂

[@alanhat5252]

So you've just wasted 2 hours of your valuable life, 2 hours you'll never get back? That seems somewhat profligate of you. Still, you've contributed to the viewership figures so more people who actually _are_ interested will see it so thank you. 😊

[@DennisMoore664]

And yet here you are, feeding the algorithm with your comment.

[@belindamay8063]

@j7ech402. Two questions. First, what are you doing with your life ? And second - are you real at all ? Actually, I guess not.