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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

How are you planning to vote if you earn over £80,000

403 replies

howtovote · 28/05/2017 19:12

Just wondering the above really.
I can't stand the conservatives and always assumed I would vote Labour in this election, however with the tax increase over £80k I feel I'd be shooting myself in the foot a bit.
What do others think?

OP posts:
Sionella · 30/05/2017 12:25

If 100 kids out of 100 want to study algebra, will all courses and universities be equal? Will all the fees be worthwhile? Will all the kids pay back all their student loans?

bibbitybobbityyhat · 30/05/2017 12:26

There wouldn't be any student loans ...

makeourfuture · 30/05/2017 12:27

If 100 kids out of 100 want to study algebra, will all courses and universities be equal?

Again, I don't know what you are saying here.

Sionella · 30/05/2017 12:30

Ha - you don't really believe that, do you?! there were student loans when tuition fees were paid for. Because tuition fees don't cover food, books, computers, rent, beer, clothes etc etc.

Meanwhile in more news from cloud cuckoo land:

www.google.co.uk/amp/www.independent.co.uk/news/business/analysis-and-features/labour-manifesto-land-value-tax-what-is-it-how-work-election-2017-a7739186.html%3Famp

Let's punish people who live in expensive areas until prices drop and they end up in negative equity whilst also encouraging others to flog off their gardens for cheap redevelopment...

bibbitybobbityyhat · 30/05/2017 12:31

She's saying that the hoi polloi need to stay away from Uni and best way to do that is charge massive fees.

Sionella · 30/05/2017 12:32

Really? Hmm

If you take away the exclusivity of an "algebra degree", you don't actually level the playing field. You spend a lot of money on a lot of courses, only some of which are worthwhile.

bibbitybobbityyhat · 30/05/2017 12:33

"Ha" ??

good God, I didn't realise I was engaging with a child.

redrobinblue · 30/05/2017 12:34

@specialsubject couldn't agree more!

Sionella · 30/05/2017 12:37

Sort of, bibbity. But I suspect we have different definitions of "hoi polloi".

Here is how I would do it. Those who have two parents each earning over say £70,000 have to pay all the fees, regardless.

Those with parents earning less than that, who get top grades and who want to study certain courses get their fees paid. Weights can be added to that to reflect the difference in state/private schools if necessary (would need to analyse grades for that).

Everyone else has to contribute on a sliding scale. So you want to read medicine at Cambridge? Your fees are paid for. You want to read creative writing at the university of Bognor Regis? You have to pay your way. You have decent grades and you want to study law or music? You can have some of the fees. Etc etc.

And if you want to emigrate within a short period after graduating, you have to repay some of them.

Sionella · 30/05/2017 12:37

Well Bibbity - if your posts are hilariously naive, you only have yourself to blame for that!

redrobinblue · 30/05/2017 12:39

@Moanyoldcow £10,000 a month BEFORE tax! That's still £4,500 a month in tax, that's a huge amount of tax to pay as it is. And of course, the take home amount is still massive, but its money that is earned and worked hard for in high pressure jobs. (Not discounting any jobs that do not earn this amount etc etc)

No need to get the tiny violins out, or shout out it's a stealth boast, etc etc.

It is what it is. High earners are also extremely high tax payers.

bibbitybobbityyhat · 30/05/2017 12:43

I would welcome a drop in house prices in the south east. Again, anyone with children ... surely you would?

Is that naive of me? or am I just naturally inclined towards left of centre politics.

Sionella · 30/05/2017 12:44

Yeah. Those with mortgages would just welcome all that lovely negative equity!

BazookaJoe90 · 30/05/2017 12:50

It's only negative equity if you want to sell it, otherwise it's the price you paid for it at the time. Kind of like those people that go on the Antiques Road Show, who paid a fortune for something years ago, but then the expert tells them the arse has fallen out of the market and it's not worth as much.

ChardonnaysPrettySister · 30/05/2017 12:54

Lots of people need to sell, it's not a matter of wanting.

Death, divorce, debt.
Change in circumstances, relocation because of ill family circumstance, downsizing.

Sionella · 30/05/2017 12:55

And if you need to sell it because you mortgaged to buy it, and now can't afford your higher taxes or your new land tax? Or because you need to move for work? Or because you're having a baby and need somewhere bigger? It's not so hypothetical then!

bibbitybobbityyhat · 30/05/2017 12:56

Only those who have borrowed to the hilt would be in negative equity. And borrowing to the hilt hasn't been possible for many years.

bibbitybobbityyhat · 30/05/2017 12:58

And yes, I really would welcome a drop in house prices in the south east because of the next generation. I don't want them to be bankrupt before they even start. It's really not difficult to understand unless you are only interested in yourself and people exactly like you.

Sionella · 30/05/2017 13:03

it wouldn't take much of a drop for a lot of my friends to be borked, financially. They're all in their 20's and 30's. But they should be ok with that because THEIR kids might one day be ok with free tuition fees and cheaper houses? And how far do you think prices should drop? It's not as if a cap can be put on the drop, just as it couldn't be put on the rise. Be careful what you wish for and all that.

trixymalixy · 30/05/2017 13:15

I'll be voting for whoever is most likely to keep the SNP out in my constituency.

I'm a bit of a floating voter although have never voted UKIP or Conservative. Lib Dems are probably the closest fit for me although I usually end up voting labour. So i usually don't vote in my own best interests but for the greater good.

BazookaJoe90 · 30/05/2017 13:26

Again, only if they want to sell. If you don't sell then it doesn't matter. My wages have gone up £62 a month (before tax) since October 2012, so around £12 a week in my hand. Many more people are like me, but maybe if we'd have had decent pay rises instead of tax breaks for companies along with stagnated wages, house prices wouldn't bomb. You get what you vote for though, and eventually this bullshit austerity starts to filter through to everybody. So, keep voting for low wages and tax breaks by all means, but you will end up with a housing "bust" as no one will be able to buy them.

Sionella · 30/05/2017 13:29

And what happens to the housing market if people don't sell?!

stopfuckingshoutingatme · 30/05/2017 13:41

work very hard and a lot of hours in a stressful job

seriously don't we all lovey? I bet paramedic works even longer hours than many of us office executive types

I am voting labour

needastrongone · 30/05/2017 13:46

What are these tax breaks for companies of which you speak?Smile

The vast majority of companies are small. Yes, corp tax is coming down and there's been some NI tax reduction for employer liability but minimum wage has increased (rightly so, although we have always paid significantly more), auto enrolment has been introduced (rightly so, we provided this anyway). Without delving into any figures, I suspect we would be about even in tax liability on balance.

Inflation is rising, supplier costs are increasing too due to the collapse in the value of sterling....we pay the mortgages effectively of all our employees and feel that responsibility keenly. Customers are getting nervous of spending due to Brexit. Increase the tax charges on businesses and it gets harder and harder to keep trading.

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