You don't make a billion you take a billion by paying slave wages

You don't make a billion you take a billion by paying
slave wages

Is this statement made by an American politician accurate?

By Charles Kelly, Property Solutions Investor, Author of Yes,
Money Can Buy You Happiness and creator of Money Tips Podcast.

In this Money Tips Podcast episode:

1.     
Do billionaires make their money paying “slave
wages”, as per Alexandria Ocasio-Cortez?

2.     
Bill Gates and Henry Ford paid higher than
average wages and made a lot of people rich

3.     
The rich in the UK pay millions in taxes – David
Beckham, JK Rowling and Sir James Dyson

4.     
Top 1% of UK earners pay 28% of all income taxes

5.     
Taxes are necessary and should be fair

”You don’t make a billion, you take a billion and make
things by paying people slave wages that they can barely live on” a
politician recently claimed.

You might be forgiven for thinking that the statement came
from Jeremy Corbyn or somebody in Venezuela, but it actually came for an
American Congresswoman Alexandria Ocasio-Cortez.

She has been accused of promoting dangerous radical
left-wing policies, not that different from European social democratic views -
free healthcare, college education, higher taxes for the very wealthy and more
control over the financial sector.

She won her seat against all the odds with little or no
funding and was actually working as a waitress before being elected.

However, to say that all billionaires make their money off
the back of slave labour and below minimum wage pay is a little unfair.

Henry Ford actually increased wages and attracted thousands
of workers to Detroit area, building forward into a multibillion-dollar company
which produced cars for the masses. He was instrumental in building the
American economy into a superpower through mechanisation and assembly line
manufacturing techniques.

I don’t think you could accuse Bill Gates of paying low wages
when the company has actually created thousands of millionaires through their
stock options.

People are queueing up to work for the likes of Google and
Facebook because their pay and benefits are out of this world.

According to the Sunday Times new tops taxpayer list,
Stephen Ruben the majority shareholder of JD sports paid £181 million in tax
last year.

British billionaire Denise Coates, who built her own
business from a small family concern to multi-billion company, just paid £156
million in taxes.

Sunday Times list of highest taxpayers in the UK
demonstrates that high earners contribute billions to the UK economy in
productivity and net taxes.

Richest 1% in the UK contribute 28% of all income tax with
notable high taxpayers like Sir Janes Dyson, David and Victoria Beckham and J.
K. Rowling.

Billionaire businessman so Jim Ratcliffe have a tax
liability of £110.5 million and Mike Ashley, founder of sports direct and owner
of Newcastle football club paid over £30 million in taxes last year.

Politicians who go on about the rich “paying their fair
share “should focus on the amount of tax collected rather than the tax rate.

If you hike up the tax rate to a top rate of 98%, as it was
in the 1970s, all you do is drive away wealthy people and more importantly
investment.

This has nothing to do with politics, it’s just common
sense.

It has been recently demonstrated by the increase in stamp
duty for multi million pound properties. What happened? The tax take went down.

Of course, we need taxes to run the country, but they need
to be fair and balanced so that people have an incentive to work hard and build
businesses. Countries like Hong Kong and Singapore attract businesses because
they have an attractive tax system, which taxpayers have no need to evade.

If you subscribe to the politics of envy, believing that all
rich people are evil and crooked, how can you be wealthy and successful
yourself?

I talk about this in my book, yes, money can buy happiness,
where we explore the mindset of money and success.

Can you afford to retire?

Millions of people, or over 80% of the population, will
either retire in poverty or not be able to afford to retire at all. What’s your
strategy?

You can learn how to acquire income producing assets using
other people’s money and other no money down strategies in order to become
financially free.

Smart investors are using these creative finance, ‘no
money down’ tools to build massive property portfolios in a few short
years, as their hands are not tied by mortgage lenders and the need to save
large deposits and pay higher taxes.

Before you buy another, or your first, property, take
time out to learn proven successful strategies from expert multi-millionaire
property investors on a free taster ‘property discovery day’.

If you’d like more information on how to acquire wealth
building assets using none of your money, email me at Charles@CharlesKelly.net
or send me a message through Facebook or my Money Tips Daily community.

See more articles at www.moneytipsdaily.com

How to Use Creative Property Financing to Beat the Banks

How to Use Creative Property Financing to Beat the Banks
  In the last few years, mortgage lending rules have been tightened up by
UK regulators. Lenders now dig into your finances far more deeply than just
looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/

There are more examples and practical
steps to getting rich and being happy in my book, Yes, money can buy
happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F
System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.