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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

AIBU to believe rich people should contribute much more?

696 replies

marcusian · 27/09/2022 13:16

A bit tongue in cheek, but given that its almost impossible for poorly paid workers including care workers and nurses to strike, and that the government have given people earning over £100K a massive pay rise, what other ways could the most wealthy be made to pay?

My idea: - a new LUXURIES tax (think 50% VAT) on things ordinary people cant buy, like superyachts, airplanes, £10K+ dining tables, a box at wimbledon, £500+ handbags, £100+ football boots!

AIBU - No - they should pay more and heres my ideas how they should do it!
AIBU - Yes - leave wealthy people alone, its not their fault

AIBU to believe rich people should contribute much more?
OP posts:
maeveiscurious · 27/09/2022 19:26

Blossomtoes · 27/09/2022 18:59

To be fair most of these examples are people who exploited people for their wealth + lots of tax evasion

Correct. The Duke of Westminster is the wealthiest person in the country and his estate has never paid a penny in inheritance tax. Incidentally his property empire involves no risk whatsoever, there will always be demand for retail and hospitality premises in Mayfair.

There is probably BPR and APR in there which means that they pay tax on the income.

BPR and APR protects succession in business it's legal and fair - check your facts

Madamecastafiore · 27/09/2022 19:28

AntlerRose · 27/09/2022 19:20

Where a lot of taxes are a % the more you earn/spend the more you do pay. Thats the whole point of the % rather than a flat fee.

I do think some wealthy people dont realise how much they get out of public services though. They think they didnt use state schools and dont get benefits so just see their contribution. But then forget things like defence, the public nature of health, transport, police, foreign aid, waste management, and the cost of the government itself which seems to work in their favour right now.

Yea they're fully aware of what their huge tax bill does and doesn't pay for, most have been to Uni or educated themselves so they have a grasp on such matters.

Eeiliethya · 27/09/2022 19:28

No thank you.

I already pay thousands a month in tax alone, never mind my NI. No tax evasion here - all PAYE.

Why the ever loving fuck should I pay yet more, to subsidise other people?

Just... why?

Topgub · 27/09/2022 19:30

The idea that everyone could be wealthy is just such an obvious lie, though, isn't it?

Even if you accept its a level playing field where no one is disadvantaged (lie) then for everyone to be wealthy those who are already wealthy would have to give up some of their wealth

And as you can see from this thread, they really don't like that idea.

They dont even like the idea of paying for essential services through tax

People aren't generating new wealth. They're just circulating the same finite resources.

Madamecastafiore · 27/09/2022 19:30

Eeiliethya · 27/09/2022 19:28

No thank you.

I already pay thousands a month in tax alone, never mind my NI. No tax evasion here - all PAYE.

Why the ever loving fuck should I pay yet more, to subsidise other people?

Just... why?

Because they're poor and you're obviously a uneducated dick who got your job from Uncle Crispin whilst stepping on the heads of all of those people who work just as hard for a living but happen to not get paid as much as you because the system is against them.

AntlerRose · 27/09/2022 19:32

Madamecastafiore · 27/09/2022 19:28

Yea they're fully aware of what their huge tax bill does and doesn't pay for, most have been to Uni or educated themselves so they have a grasp on such matters.

Then why do so many wealthy mumsnetters say they dont get anything back or dont use lots of services they do actually use indirectly.

People dont seem to think they get anything out of state education unless they have a child in state education for instance.

Topgub · 27/09/2022 19:33

@Eeiliethya

Is that what you think taxes do? Just subsidise others?

What do you do to make your money that you pay tax on?

Badbadbunny · 27/09/2022 19:33

midgetastic · 27/09/2022 17:53

Firstly No one only receives half their salary

The top 45% was only charged in the earnings over 150k so would get much more than 75k a year - about 90k ( more if you make pension savings )

Secondly - the rules are known in advance so you can decide if the cash you get at the end of the day is enough reward

Thirdly - why do you think you have a right to lots when others have nothing ?

Once everyone has a basic standard of living then o don't care if you keep 110% of your salary - but I do care about people getting so much when others - no worse people, no less hard working , struggle so much

Average deductions can be over 50% if you factor in workplace pension deductions, student loan repayments, income tax, NIC and child benefit claw back.

Marginal deductions peak at around 78% on the same basis.

AIBU to believe rich people should contribute much more?
Topgub · 27/09/2022 19:34

@Badbadbunny

Loan repayments and pension payments aren't tax.

That's like saying it's not fair you have to pay for food out of your wage

Madamecastafiore · 27/09/2022 19:34

Topgub · 27/09/2022 19:30

The idea that everyone could be wealthy is just such an obvious lie, though, isn't it?

Even if you accept its a level playing field where no one is disadvantaged (lie) then for everyone to be wealthy those who are already wealthy would have to give up some of their wealth

And as you can see from this thread, they really don't like that idea.

They dont even like the idea of paying for essential services through tax

People aren't generating new wealth. They're just circulating the same finite resources.

Who doesn't like paying for essential services which they use? We pay for them and some more but use less than those that use nhs doctors and dentists and state schools. We pay more council tax too.

No one says they aren't happy paying tax and some people are happy to pay more than they do but there's a line where you expect to get paid a fair amount for what you do and not have more and more taken from you by way of taxation.

Badbadbunny · 27/09/2022 19:35

Topgub · 27/09/2022 19:34

@Badbadbunny

Loan repayments and pension payments aren't tax.

That's like saying it's not fair you have to pay for food out of your wage

They're still deductions and it's generally accepted that student loan repayments are a graduate tax. I was replying to a poster saying that no one receives only half their salary!

Badbadbunny · 27/09/2022 19:37

Even without workplace pensions, the average is just below 50% and marginal deductions still peak at around 72%.

AIBU to believe rich people should contribute much more?
Topgub · 27/09/2022 19:38

@Madamecastafiore

Quite a few have said they dont use any services so why should they pay or why should they have to pay to subsidise others

I'm quite sure those on mw would also like to be paid a fair amount for what they do

Given that we're all about making sure everyone can be wealthy, why don't we start there?

Increase mw to 50 k a year?

Madamecastafiore · 27/09/2022 19:42

Topgub · 27/09/2022 19:38

@Madamecastafiore

Quite a few have said they dont use any services so why should they pay or why should they have to pay to subsidise others

I'm quite sure those on mw would also like to be paid a fair amount for what they do

Given that we're all about making sure everyone can be wealthy, why don't we start there?

Increase mw to 50 k a year?

Oh well that's one that can't be levelled at all of us! We're more than happy to pay our way and understand that educating everyone does benefit us, regardless of if it's through taxation or private school fees.

What job would you like to do to earn your 50k? Maybe we could all get together and help you increase your prospects?

Quincythequince · 27/09/2022 19:45

Topgub · 27/09/2022 19:38

@Madamecastafiore

Quite a few have said they dont use any services so why should they pay or why should they have to pay to subsidise others

I'm quite sure those on mw would also like to be paid a fair amount for what they do

Given that we're all about making sure everyone can be wealthy, why don't we start there?

Increase mw to 50 k a year?

Nobody has said they don’t use any services at all.

It has just been pointed out that the ‘richer’ (so sick of this vague description) pay more tax and this pay into services they don’t use make use of. Not that they didn’t use any services at all.

You can’t help but twist peoples words and misrepresent it for you own agenda can you.

Yeah 50k minimum wage…that makes great fiscal sense doesn’t it.

Shall we just print some money while we’re at it too?

Kissingfrogs25 · 27/09/2022 19:45

The obsession on here to strip 'the rich' which is really anyone on a half decent salary or two professionals combined income is really getting out of hand. Stoking up hate is not helpful, and won't solve our problems, there will just be a mass exodus of very talented people if they are taxed for breathing.

Quincythequince · 27/09/2022 19:46

And nobody has said they shouldn’t pay any tax either. Just that there has to be a limit at which you keep redistributing wealth back through the system.

Kissingfrogs25 · 27/09/2022 19:47

Thirdly - why do you think you have a right to lots when others have nothing?

Because they work for it I assume.

Kissingfrogs25 · 27/09/2022 19:49

This mindset is really going to cost Labour the election. The middle classes will run for the hills, and without them the LP is screwed.

Perhaps I should encourage you to carry on op! It is very Corbynista.
It would be considered theft. It is not your money to redistribute.

Topgub · 27/09/2022 19:52

@Quincythequince

Yeah 50k minimum wage…that makes great fiscal sense doesn’t it.

Makes as much fiscal sense to give 50 people 50k as 1 person 2.5 mil

Makes much more fiscal sense actually

ChampagneCamping · 27/09/2022 19:53

The tax on the rich should be used to fund social care which under the conservatives has gone to rack and ruin. This means resolving retention and recruitment issues within social care, setting out a professional national register of carers, delivering nvq care training and numerous other trainings to meet endless cqc regulations, also making local authorities fund suitable placements rather then fobbing vulnerable elderly and disabled people off.

Topgub · 27/09/2022 19:55

@Madamecastafiore

Is that supposed to be an insult?

My prospects are fine thanks.

I see you're sidestepping the main point though. Predictable

Madamecastafiore · 27/09/2022 19:57

Topgub · 27/09/2022 19:55

@Madamecastafiore

Is that supposed to be an insult?

My prospects are fine thanks.

I see you're sidestepping the main point though. Predictable

No I'm just wondering what you are going to do to earn this pay rise.

If we can genuinely help you in any way we'd be more than happy to.

Topgub · 27/09/2022 19:59

@Madamecastafiore

Who is we?

The Royal we?

You said people wanted a fair pay for what they do.

Are you changing your mind?

Kissingfrogs25 · 27/09/2022 19:59

ChampagneCamping · 27/09/2022 19:53

The tax on the rich should be used to fund social care which under the conservatives has gone to rack and ruin. This means resolving retention and recruitment issues within social care, setting out a professional national register of carers, delivering nvq care training and numerous other trainings to meet endless cqc regulations, also making local authorities fund suitable placements rather then fobbing vulnerable elderly and disabled people off.

You can't force people to pay as much as you would like to. They will just move elsewhere or move all of their assets out of the country, which won't help us one bit.

This is exactly why we will never vote Labour, and nor will anyone I know. We can't trust them with our money, savings or future at all.
Anyone that isn't on the breadline would be crazy to vote for Labour. Your post is the reality check we all need thanks for posting.