Cotton Capital

Family or institutional wealth, tainted by and largely attributable to the labor and production of enslaved peoples.

Think plantations: cotton, sugar cane, coffee, tea, cocoa, rubber, bananas, etc.

That family may have lots of "old money", but it's "cotton capital"!

by NeedleTurn August 18, 2024

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Capital Gains Tax

CGT is a tax levied on the profit when individuals (except Angela Rayner MP) sell an asset.

That Angela Rayner, I've heard she's a big Maggie Thatcher fan, being particularly impressed with Maggie's 1980 Housing Act, which enabled council house tenants to buy (and sell) their council house. Hang on, I hear Rayner has not only broken electoral law by saying she is registered as living at said council house, but is in fact living down the road with husband and kids. She has also failed to pay capital gains tax on the profit made when she sold the council house.
On well, good on her! Hold on a minute, what's her role in the current Labour government - Secretary of State for Housing, Communities and Local Government - NO !!!!! You've got to be pulling my plonker!

by Wasitpolad October 13, 2024

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