Labour's £113,000 tax rise for people on £80k

GreatApe

Thrugelmir wrote: »

What's the correlation between the the UK and the other members of the G7?

Why should they be 10-15% higher. What's the basis of your assertion.

Plus it's got little to do with wages it's to do with the current value of the pound

You can just argue it's 15% under valued rather than that UK wages in pounds converted to dollars today look like wages are low

Also the USA in the G7 distorts things because they have a huge population and high wages at least partially due to natural benefits (like significantly more land oil gas coal steel hydropower and a lot more)

Plus wages relative to prices are more important than nominal wages
Norway wages are super high but I kid you not a lettuce costs £5 retail (it's 50p in the UK!)
I need to start a crime gang importing lettuces into Norway :rotfl:

gozaimasu

GreatApe wrote: »

'fair share' is a silly nonsencial phrase with no right answer

The phrase was a title (and a hyperlink in text) to a video from IFS. Perhaps go complain directly to them. I didn't choose the wording.

I think there's a "right answer" for everyone and it depends where you are on the scale. If you're poor the answer is "no", if you're well off (not struggling to pay bills) or rich then the answer is yes. Or maybe the answer is no all round. A fair system would be blanket same percentage for everyone. But it doesn't work like that and it never will.

98% top rate tax in the days of the Beatles when they were in their heyday. OUCH.

wolvoman

I don't understand threads like this.

Why can't we ALL pay more tax for better services (assuming that's what we want).

I don't understand this clamour for people richer than me to pay for ME to get better services. Why shouldn't I pay more too?

(I suspect we all will probably pay more taxes under Labour anyway, that's what the IFS thinks, even if Labour won't come clean on this).

lisyloo

wolvoman wrote: »

I don't understand threads like this.

Why can't we ALL pay more tax for better services (assuming that's what we want).

I don't understand this clamour for people richer than me to pay for ME to get better services. Why shouldn't I pay more too?

on a sliding scale I agree, but poor people don’t have the money to pay so the bulk of the requirement will fall to those who can pay.

The wealthier have to pay more than the poor, that’s the only way it can work. Poor people can’t pay what they don’t have.

The only thing in question is getting the correct balance and thresholds.

It’s inevitable and human nature that the have nots will feel they don’t have enough and the haves will feel they are paying too much.

phillw

wolvoman wrote: »

I don't understand this clamour for people richer than me to pay for ME to get better services. Why shouldn't I pay more too?

Surely that depends on how much you earn? If you're the out of touch £80k question time audience member who thinks that he is hard done by, then you can afford it. Those using food banks and in arrears on their rent can't.

Thrugelmir

GreatApe wrote: »

Plus it's got little to do with wages it's to do with the current value of the pound

You can just argue it's 15% under valued rather than that UK wages in pounds converted to dollars today look like wages are low

Minimum wage in the USA is $7.25. Arguably labour in the UK is too expensive in global terms.

lisyloo

Thrugelmir wrote: »

Minimum wage in the USA is $7.25. Arguably labour in the UK is too expensive in global terms.

It needs to be related local to living costs.

Herzlos

Thrugelmir wrote: »

Minimum wage in the USA is $7.25. Arguably labour in the UK is too expensive in global terms.

Minimum wage service workers are usually relying on tips to survive, so I think it's a skewed figure.

Thrugelmir

lisyloo wrote: »

It needs to be related local to living costs.

Parts of the UK are relatively cheaper.

kinger101

wolvoman wrote: »

I don't understand threads like this.

Why can't we ALL pay more tax for better services (assuming that's what we want).

I don't understand this clamour for people richer than me to pay for ME to get better services. Why shouldn't I pay more too?

(I suspect we all will probably pay more taxes under Labour anyway, that's what the IFS thinks, even if Labour won't come clean on this).

The short answer is because the Labour party is no longer a home for social democrats or the working class. It's a party for the urban middle class who don't want to pay a penny more of tax, but think their conscience can be eased by blaming the lack of public services on someone richer that them.

So many people I know are virtue-signalling their intention to vote Labour on FB at the moment. I can guarantee you 95% of them wouldn't vote Labour if they proposed income taxes comparable to those in NW Europe.