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Original poster

Labours Increase in personal tax over £80k

438 replies

OliviaPopeRules · 16/05/2017 11:25

So Labour have finally announced their 'moderate' tax increase for people over £80k.
These changes mean that if you have a household where one person earns £150k you will pay tax of £58k approx. but if you have a household of 2 people earning £75k you will pay total tax of approx. £37k.

I appreciate a lot of people will think tough shit, you earns lot so screw you but can someone really explain to me how this is not just a tax to punish.

And yes I understand people on lower incomes and disability support and other benefits need to more support and I personally have no problem paying extra tax but this makes the tax system so unequal for couples/ families with only 1 person working.

OP posts:
makeourfuture · 17/05/2017 10:46

Lots of people have 'aspiration' and 'work hard' because they have a cause or can see the greater good in the service they provide for society as a whole..

Indeed. And I'll give them credit. High earners understand that they have benefited from our society. From roads to education to our rule of law. Corporations too. They don't want to see people sick and hungry.

Let's give them a chance to do what is right. I bet they step up.

olliegarchy99 · 17/05/2017 10:48

make
don't hold your breath Hmm

makeourfuture · 17/05/2017 10:49

there are many factors at play

I have just posted on the complexity of making these sorts of estimates. It is why I have pointed you to the actual facts.

Increased debt. Continued deficit. Exploding gap between rich and poor.

Abitofaproblem · 17/05/2017 10:52

SeaWitchly Maybe you can ask your friend whether she thinks the people she previously worked with are not as worthy as her. Is a job only "good" if you can directly help others. What is the role of wealth creators in the society, should they also be appreciated?

It is not the tax that bugs me, it's the attitude.

SeaWitchly · 17/05/2017 10:53

The debt cannot be tackled until the deficit is sorted, you don't seem to understand, and the tories cut the deficit target because of the uncertainty of Brexit, you cannot just keep increasing this and play kick the can down the road.

It was the Tory prime minister who decided the Brexit referendum would be a great idea! And now you are blaming Brexit for the Tories cutting the deficit target?
Well yes, they have definitely cut their target... whilst tripling the national debt Grin

makeourfuture · 17/05/2017 10:56

It was the Tory prime minister who decided the Brexit referendum would be a great idea! And now you are blaming Brexit for the Tories cutting the deficit target? Well yes, they have definitely cut their target... whilst tripling the national debt

It is indeed comedy gold....if it weren't so absolutely terrifying.

RufusTheRenegadeReindeer · 17/05/2017 10:59

Let's give them a chance to do what is right. I bet they step up.

Thats a lovely idea, it is not going to happen

olliegarchy99 · 17/05/2017 10:59

just to clarify the 'tripling of the national debt' hokum (suggest you read the facts)

fullfact.org/economy/labour-and-conservative-records-national-debt/

Justanotherlurker · 17/05/2017 11:00

It was the Tory prime minister who decided the Brexit referendum would be a great idea! And now you are blaming Brexit for the Tories cutting the deficit target?

Nope, I am not, the deficit has been reduced, it is you and make who are trying to say there is no difference and trying to confuse it with Debt.

I have been saying you cannot keep piling on spend onto the deficit

olliegarchy99 · 17/05/2017 11:02

and furthermore - on reducing the deficit (for those who question the facts )
fullfact.org/economy/deficit-down-two-thirds/

Original poster
OliviaPopeRules · 17/05/2017 11:02

Olivia the national debt has tripled under the Tories.

Not true, it has gone for approx 1trillion when the coalition came to government to 1.7trillion as at December 2016.

What else could they do, cut more and tax more and make the economy worse so that interest on the debt would increase.

OP posts:
SeaWitchly · 17/05/2017 11:03

SeaWitchly Maybe you can ask your friend whether she thinks the people she previously worked with are not as worthy as her. Is a job only "good" if you can directly help others. What is the role of wealth creators in the society, should they also be appreciated?

It is not the tax that bugs me, it's the attitude.

No, that is not what I said. But there is more to work than just helping yourself to wealth and bugger everyone else.

True wealth creators should absolutely be appreciated, so long as they pay enough to provide a good standard of living to those they employ and not disproportionately less than their own.
And also that they value the contribution made in society by those who do not earn as much - the public sector workers, volunteers, etc.
And recognise that they need to support those 'industries' that support the common good, services which 'wealth creators' will often also avail themselves of, i.e the NHS, police, etc,

If this means paying a bit extra tax [and true 'wealth creators' should be able to afford this tbh] then too right they should suck it up and not be dreaming about emigrating to the BVI or Switzerland to avoid paying their fair share Hmm

makeourfuture · 17/05/2017 11:04

Full Fact?

"Dig a little deeper, and this interesting little non-profit company, headed by Tory Party donor and Anne Freud Centre Chairman Michael Samuel, becomes very interesting indeed."

www.ukcolumn.org/article/faux-facts-disturbing-truth-about-fullfactorg

howabout · 17/05/2017 11:11

Olivia not causing a double dip recession and years of economic stagnation would have been a start. Economic growth is the best driver of debt reduction. Austerity economics is nonsensical.

(No amount of sitting at home saving your pennies will make you as much as spending money on going out to work.)

Abitofaproblem · 17/05/2017 11:12

SeaWitchly

"If this means paying a bit extra tax [and true 'wealth creators' should be able to afford this tbh] then too right they should suck it up and not be dreaming about emigrating to the BVI or Switzerland to avoid paying their fair share hmm"

You can equally say that to your poor nurses who emigrated to Canada or Australia for better work and conditions. They were trained here using our tax money and how dare they think about their own situation. True nurses should just stay and suck it up?

See it's a slippery slope. Everyone has different standards. We each have a vote so well done for going for the Labour tax plans.

makeourfuture · 17/05/2017 11:13

Scramble around and find another faux fact site...

But here it is for real....and there is no one here, or anywhere, who will dispute this:

  • The debt under the Tories has gotten bigger....not smaller.

  • The deficit continues.

Original poster
OliviaPopeRules · 17/05/2017 11:14

howabout

There was no double dip recession just like the debt wasn't tripled (as someone stated earlier).

OP posts:
Justanotherlurker · 17/05/2017 11:16

- The debt under the Tories has gotten bigger....not smaller.

- The deficit continues.

Just because you do not understand economics, doesnt mean that it can magically be waved away

Original poster
OliviaPopeRules · 17/05/2017 11:17

Make the deficit has significantly reduced.
The debt has increased but imagine how much the interest cost is on the 1trillion debt is that the coalition inherited is. Before you can find anything or reduced the annual deficit that interest cost needs to be paid.
Like it or not that is what is crippling the country for the last 7 years and that is labours legacy (even if you use the global recession excuse).

OP posts:
Sionella · 17/05/2017 11:19

You can think that, sea. Facts are, they have v valuable skills, and they can and will take them with them. It's not a fantasy. It's a fact.

makeourfuture · 17/05/2017 11:21

magically be waved away

You folk seem to be the ones fascinated with the untested.

Why no plan? Just anything really. You draw one up when you want to open a whelk stall.

Is chanting over and over "strong and stable" "red, white and blue" real? Or the stuff of wishful thinking?

Original poster
OliviaPopeRules · 17/05/2017 11:24

Why no plan

Prob best to wait for the manifesto

OP posts:
Sionella · 17/05/2017 11:28

Also sea - what is "their fair share"? How are you defining that?

Justanotherlurker · 17/05/2017 11:28

Why no plan? Just anything really. You draw one up when you want to open a whelk stall.

Why no plan for what?

Is chanting over and over "strong and stable" "red, white and blue" real? Or the stuff of wishful thinking?

If your naive enough to think that it's only Tories using soundbites then I suggest you take a look through your own post history and see the amount of sound bits you like to use.

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