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Alan Smith
27K posts
Alan Smith
@AlanJLSmith
Wealth Management for Entrepreneurs | Founder | Storyteller | Truth Seeker | 🏴☠️Podcast 🎧 bulletproofentrepreneur.co.uk
- Says it all when an 80 year old singer puts on the best show of the entire Glastonbury weekend. Congrats @rodstewart
- Maybe we should stop asking people to pay more tax - and start asking where all the money’s going.
- This might backfire for Starmer. I just asked my 16-year-old son who he’d vote for. His reply: “Anyone but this lot”.
- A chancellor who has never run a business and reports to a prime minister who has never run a business and is advised by civil servants who have never run a business - is about to advise business owners how to run a business.
- Tax his land, Tax his bed, Tax the table, At which he's fed. Tax his tractor, Tax his mule, Teach him taxes are the rule. Tax his work, Tax his pay, He works for peanuts anyway! Tax his cow, Tax his goat, Tax his pants, Tax his coat. Tax his ties, Tax his shirt, Tax
- The US economy is roughly 9X size of the UK economy. @DOGE is already saving $1 billion a day by cutting unnecessary expenditure. Pro rata the UK could save £90 million a day if we did similar. That’s £32 billion a year! Stop raising taxes and start cutting waste.
- Imagine you ran a business and the top 1% of your customers generated 30% of your income. And then you did everything to make them leave and never come back. Even though they funded your business, you didn’t like them because they were successful. So your business went bust.
- A prediction: The UK state pension will be means tested. So those that have been responsible and saved for their retirement will receive less than those who didn’t. It may not be fair - but that’s where it’s going.
- There are 156 billionaires in the UK. If the government taxed them all 100% of their wealth, it would cover just one year of social welfare and NHS spending. What happens after that? The problem isn’t tax – it’s uncontrolled spending.
- Is this the biggest political own-goal in history? I’ve just come off a call with a founder who’ll sell his business for £150 million next year. He’s now taken the decision to relocate overseas prior to the completion of the sale. He’s moved from the acceptance of paying 20%
- France tried it. Wealth fled. Sweden tried it. Wealth fled. Spain tried it. Wealth fled. Everywhere it’s tried, it fails. But Lord Kinnock says we should try it.
- Gary Stevenson says the UK had a wealth tax in the 60s and 70s. We didn’t - although we did have 90% income tax rates. The result was that the wealthy left the UK, the economy stagnated and the IMF bailed us out.
00:00 - 20 years in business and I’ve never known it like this. - Entrepreneurs & their lawyers working around the clock to close their business sale before 30/10. - Clients removing their tax-free cash from pensions - Investors selling portfolios to crystallise gains 🤯
