Is this wrong? Worlds most expensive car - £20 million!

[ZombieCake]

I wonder how long the plank of wood they've stuck on the back would last with the likes of the odd ladder and bunch of krabs etc. placed on it during the course pf normal usage.

 

[wormster]

A fool and his money are soon parted!

A wise man once said that and I think he could be right.

The pricetag on that motor could sort a few junior doctors out with a pay rise.

Wouldn't give one room on the drive in front of Wormster Towers, too bling innit!

 

[2xw]

If I became a millionaire I might engage in similar extravagances. Three scurions on my helmet and one on the wrist.

Then if I made it to billionaire status I might take up a true money pit hobby like cave diving

 

[Oceanrower]

And yet, nobody’s mentioned that this isn’t even remotely the worlds most expensive car.

A Ferrari 250 GTO sold for $70,000,000.

And it’s beautiful.

And if money was no object I would buy it.

And I would laugh at all you jealous paupers.

But I don’t. ☹️

 

[ChrisJC]

Jim Ratcliffe has spent over 50 times as much on his Grenadier motor car...

Chris.

 

[TheBitterEnd]

A point worth noting about all of these billionaires is that they don't have their wealth as cash in the bank. It's mostly shares. So if a left leaning government decided to 'windfall tax' them, they would have to dump shares. A sufficiently large tax bill could bring down some quite large companies, which might not be a good idea.

Bill Gates is very philanthropic. Steve Jobs was not.

Chris.

Their wealth is in shares because dividends are "tax efficient" - less tax is paid on dividends than is paid on a salary - if dividends were less tax efficient they would shift away from shares.

But it is not about a "windfall tax", what is needed is a global (so it will never happen) reform of the whole approach to taxation, using taxation to encourage better benefits for the many - things like higher taxes on any executive income (from whatever source) that is more than say 100x the pay of a companies' lowest paid employee or sub-contract employee. Such taxes could be introduced at a low level and gradually increased to avoid cliff edges.

 

[paul]

What I would want to know before buying that Rolls is: can I get all my caving gear and that belonging to any passengers in the boot along with some tackle bags full of rope?

 

[royfellows]

Off topicbut with the mention of "investments" a heads up to premium bond prize money now up to 4%, and its tax free. But you have to really be a big hitter to get prizes. The max investment they allow is £50K and for good reason as the odds tend to pile up in the investors favour.