Do you begrudge high earners?

[cheerscheerscheerstomeyeahcheers]

Do you actually understand what they do and why they earn so much?
Would you be actually willing to put in the time and effort yourself?

I see so much griping about people that earn a lot, but I also see a lot of ignorance about why they earn what they do.

But she never said that, she simply said she works her arse off. That doesn’t mean she thinks no one else does.

I don't like people that don't understand that most people are fine with an average salary.
Not everyone needs millions.... 😌

You are clearly deluded.
If you have a specialist skill, spent the years training, educating yourself and making many sacrifices then yes you deserve it. I know of many high earners and the stress and sacrifices that they make, you would never be able to do.

This is such a silly thread. It’s like asking…

Do you begrudge people paying for the NHS?

Do you begrudge people paying for UC?

Do you begrudge people paying for other people’s child benefit?

Do you begrudge people paying for your child’s education?

Do you begrudge having a job to go to?

A very small number of high earners keep the welfare state and public services going. They are also the people creating employment.

🤔 Do you think a professor deserves >£300k per year? They have extremely specialist skills, years and years of training, usually 3 degrees, sacrifices e.g. often having to move across the country multiple times, long hours, stress, may be making important discoveries affecting your life?

If so - what do you think a professor actually earns?

Yes, as you may guess, I’m an academic and wouldn’t say no to getting paid a bit more than I do but >£300K sounds obscene!

They keep the country going with the huge tax payments, so it's a bit shortsighted to begrudge us!

Tbf mn has many posts that do begrudge tax payers.

Well mn has posters that grudge others daylight in a dark room but that's the WWW for you

The justification that high earners are great for the economy through higher absolute tax income seems odd to me. That wage bill and taxation could be spread amongst others. It’s getting that balance right. Attitudes to how acceptable that skewness should be seems to vary wildly.

Thankfully we aren’t communists yet. There is still some small incentive for people to train into jobs not everyone can do. All though we now are struggling to compete globally.

The tax is spread amongst others. Higher earners get very little of it back, certainly way less than the average person receives despite them paying many multiples more tax.

DH and I were discussing this the other day. You need intelligence, drive and luck in addition to hard work and also work in the right field in order to earn well. For example, the service industry especially if publicly funded generally does not pay well and people may need all the attributes I mentioned in order to succeed.

However, intelligence and luck is a chance thing. So it is a little unfair that all can't reap the same rewards

Your contribution to the economy is based on what you (net) create, not the amount of tax you pay. This is a common misconception.

A fund manager may be paid £500,000 and pay £200k odd in tax, but if his fund hasn’t made any money, all he has done is cost the economy a net £300k (well, he/she probably spends or invests some of this, so a bit less).

There are so many ludicrously overpaid jobs. The problem is capitalism isn’t really apportioning resources well as we more have crony capitalism than actual capitalism.

I created a company as I had a business idea. However, I had no skills do achieve it, therefore I employed people that did. I once asked my employee how to turn bold off in microsoft word and I knew they must have thought I was stupid. I don't pay myself a high wage from the company, but I do make sure I pay a good wage to the employees as I value their skills which I don't have. I could pay myself a high wage, but I re-invest the money back into the company and save money incase mistakes happen.

High earners tend to be very clever so it is not only hard work. However, good exams results in secondary school and university hard work pays back. As well as drive and risk taking. These are some aspects that not everyone does or care to do. This is more like a mind set and certain ability skills.

I have seen posts in this site from people who have been offered more job responsibility and pay rise and they just do not want the hassle. Well with that attitude you do not get far. The culture is very different than let’s say America. There I have seen success stories of making it to rich but here not so much. I personally rather be a high earner where is valued by society and rewarded for it.