Labour isn't working - Thread 15

[TheNuthatch]

A chat thread for those who don't like this Labour government.

The problem with socialism is that you eventually run out of other people's money.

Previous thread
https://www.mumsnet.com/talk/_chat/5430868-labour-isnt-working-thread-14?utm_campaign=thread&utm_medium=share

Reposting my previous.

We are borrowing over £150bn a year and spending £110bn a year on debt repayments, because 53.3% of all UK households are taking more in benefits/services than they contribute in all taxes (in 1977 it was 37%).

The current trajectory takes it to 60% by ~2045 and 70% by ~2080. The percentage of retired households receiving more in benefits and services than contributing in all taxes is 90.1% (93.5% in 1977), and 45.8% of non-retired households (29.5% in 1977).

We have 9.4m of working age not in employment and ‘economically inactive’.

We have 9.9 million working age who receive some form of DWP benefit.

Just one secondary school place (£7.5k) takes the income tax of two £30k earners to cover the cost.

We have a crooked system where someone on £150k pays FIFTEEN TIMES more income tax than someone earning £30k. And is generally despised for it; even though they are paying for the benefits and welfare of dozens of people.

This is why we are seriously considering moving when are children are out of exams. My DH pays a disgusting amount of tax. Yet we are no where near owning a mansion or having a Porsche on the drive. Top 2% of households but we had to do it by ourselves. Huge mortgage on a modest house. We are income rich but don’t have wealth.

The head hunting has increased in recent months and we are a bit fed up of being rinsed at every turn and still being told it’s not enough. Fiscally or as a public servant.

Completely understand - you are right to consider emigrating. You would qualify (currently) as NRL’s should you let out your house, meaning a 20% tax rate, although the forthcoming RRB will not give you tenure, unfortunately. Become non-resident, and stay out for 4+ years.

Whilst Labour are in government, you will not be able to build wealth, and will be increasingly taxed, as they fail to curb welfare spending and generate any growth.

They are a pox on the UK.

It will never be enough. They can confiscate our houses, savings, income and it still won't be enough. There are not enough people working and the byzantine benefit system just gets bigger and bigger. I now believe we are completely fucked and there is nothing we can do. I can't leave. I have kids at school and university. Plus I still have 10 years on my mortgage and no savings. It is quite frankly, a terrifying prospect.

Another financial con and wildlife disaster for all of us in the UK. Cutting down forests. FFS. Electric cars lifecycle causing more environmental damage than they’d ever prevent. Etc etc etc all for what? For some people to make lots of money. Ed Milliband is a joke. He always was.

Konstantin Kisin Oxford - brilliant

_

Agree with you it will never be enough.

Has anyone ever thought of Ireland to relocate? I am half heartedly researching it (half hearted because I also have DCs at school and I’m not sure uprooting them now would be in their best interests).
Equally feel too angry to stay.

As of this evening landlords won't be able to use Section 21 Notices to evict tenants. All well and good when it comes to rogue landlords, of which there seem to be many, but what about so-called accidental landlords and those who've stretched themselves to buy a rental property in the hope of increasing their income? Life changes, people lose their jobs and can no longer to continue to repay mortgages on the home they no longer live in or their investment property.

I've not read the legislation in detail, but at first glance it appears blunt and ill-conceived - and could well result in an increase in the housing shortage.

It will. It did in Wales. We had to send the homeless to English accommodation.

I could have written your post. With the addition that my husband has now been made redundant.

Completely agree - less stock and higher rents
will be the result. At this rate, expropriation will be next on Labour’s agenda.

It's the curious amalgam of capitalism, marxism and sheer incompetence.

We need to grow the economy, because we are a market economy so we have to encourage consumers, so won't even consider trying to rationalise electricity use and the use of other resources, so we are trying to provide more and more, without thinking of the consequences. We just swing the other way. Are solar panels and wind farms without negatives? Who cares, let's just build more of them.

At the same time we try to grow the economy we strangle the the very same people who are doing while feeding the ever growing state.

I'm sorry my sons job is in the balance because of Millibands dithering over renewables 🙈

@Nolletimiere 15 times?

How is that calculated? I'm just wondering if there's children and related tax stuff in that mix.

I'm so sorry to hear that. It's really shit. I hope your husband finds something soon. It is awful constantly living on this knife edge. We are supporting 2 adult kids with university. They both work but still living with us. Our car is 10 years old and we can't afford another. My husband has a decent salary but never stops working. I'm self employed but don't earn an awful lot. I feel trapped. Got to keep paying the mortgage. I am dreading the 26th November. I know they will increase income tax. Cut spending ffs. Honestly I'm so done.

@EmpressoftheMundane I'm really sorry to hear about your husband. I hope he finds something else.
Also sorry to hear of others troubles and worries. You're not alone.

Sorry, reading my posts back I sound like a pity fest. I don't mean to and I totally get that others have it worse. For me I think it is the relentlessness of never really having any money despite working hard and the prospect of having even more confiscated just makes me wonder the point is in selling your life to jyst pay bills. Maybe the benefits brigade have got it right and we're the mugs.

Jeez. Just when I think the left can't stoop any lower, they surprise me. I can't believe what I've just read. 🤢

Sorry I know that is cryptic, but as we are being monitored it will have to do.

And we face down another bloody winter feeling utterly helpless again. Yet this time because of our governments choosing.

I'm lower than lower in terms of economic knowledge but my instincts and senses tell me that pessimism is never the way to go

That debt will keep growing and we can't keep throwing all our money into the fire.
What we can do is try and reach an equilibrium balance where we all generate enough money to keep it fed and lowering gently.
And create optimism and spending raise tax thresholds and plug the leaky gaps costing us millions and billions like these migrant hotel fiascos
How much money and bandwidth is this ridiculous situation taking up when we have our own citizens to take care of !

Ditto. Hope things improve for you both soon

@TheNuthatch

Honestly, I often wonder too. The good thing about being here is, you're not alone.

no, straight income tax.

i can send the calcs if you wish.

Thanks for all the sympathy, right back at you all!

Truthfully, I think he will find something.

It would be a huge shame, if he doesn’t. He’d be another inactive worker put out to pasture in his mid-fifties. He doesn’t want it, and it’s not good for the economy. The state paid for him to go to private school on an assisted place. Then the state and industry paid to put him through an elite university degree. Since then, he has paid huge taxes through PAYE for decades, repaying the initial investment many, many times over.

He’s highly skilled, and has loads of energy still. If our economy is collapsing to the point that we have no use for people like this, we are all in a lot of trouble.

Make sure he claims contributions based JSA. It's not a lot I know but he's earned it and the benefits system is actually supposed to support job losses, not just career claimants.