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General election 2024

Voting if you’re classed as high earning

240 replies

time2changeCharlieBrown · 18/06/2024 12:17

just wondering if you earn high or wealthy who will you vote for?
I’m not wealthy but we both do have a higher than average income, however 7 dependents and a large mortgage takes everything!! So on paper we may look it
but realistically we budget for everything

anyway we live in a wealthy area with a lot of rich people (a lot lot better off than us, as far as I can tell anyway )
and they all said not voting labour as would be bad for them and all now detest the tories so all going Lib Dem or reform they keep asking me but I said I don’t know and I still don’t

got to say I’m not as clued up on politics as them and I struggle with understanding it all and what to believe
(maybe none) any one help me get a better understanding, everything I read I find overwhelming

OP posts:
OooSorryDoctor · 19/06/2024 19:51

Reform, as I assume Labour will get in and would like Reform as their opposition. Usually I vote Tory but not this time.

makeanddo · 19/06/2024 20:16

If it's frightening that higher rate tax payers want to vote for a party that is best for them and their family - why? Why should earning more mean you should be prepared to give more in tax than you already do?

I would guess those on benefits probably vote Labour? Presumably they do this as they think Labour will give them more/look after them more? This is evidently acceptable - given more for not doing any more.

This country needs massive reform - we need to get more by not paying more.

As a higher rate tax payer I don't want to pay any more as I think I pay enough. What I do pay isn't used very wisely and any additional will probably be spaffed up the wall. Nothing is for free - someone is paying for it, I think there's a whole segment of society who don't understand this/don't care.

verdantverdure · 19/06/2024 20:48

StraightLines · 19/06/2024 19:00

Conservative. I have always voted labour but I won’t vote for a party who are going to cost us potentially thousands extra in school fees. And I don’t trust Starmer at all on protecting women’s spaces.

I vote with what’s best for the country in mind, not the amount of VAT I personally might pay.

School fees have gone up more than 20% in the last few years anyway. What’s the difference? Except that this 20% will help British children.

Ineffable23 · 19/06/2024 20:58

Another chartered accountant who's going to be voting Labour here.

YaWeeFurryBastard · 19/06/2024 21:01

Ineffable23 · 19/06/2024 20:58

Another chartered accountant who's going to be voting Labour here.

This made me chuckle! What’s being a chartered accountant got to do with it? Accounting standards have little to do with politics/economics and there’s a massive range of earnings for chartered accountants!

StraightLines · 19/06/2024 21:04

verdantverdure · 19/06/2024 20:48

I vote with what’s best for the country in mind, not the amount of VAT I personally might pay.

School fees have gone up more than 20% in the last few years anyway. What’s the difference? Except that this 20% will help British children.

I don’t know why you’re quoting me. I answered the question that OP asked.

We pay a lot of tax already which should be helping ‘British children’, I don’t want to pay more.

Ineffable23 · 19/06/2024 21:06

YaWeeFurryBastard · 19/06/2024 21:01

This made me chuckle! What’s being a chartered accountant got to do with it? Accounting standards have little to do with politics/economics and there’s a massive range of earnings for chartered accountants!

You could probably equally ask what's being a high earner got to do with it.

I guess it was intended to indicate, without using as many words, that I'm numerate, fairly well paid, reasonably bright and have done exams and training in analysis, as well as having knowledge of how businesses run and a reasonable working knowledge of the tax system.

I could have written all that, and you are of course right that it doesn't indicate that in every case, but "chartered accountant" was a hell of a lot shorter.

Janesmom · 19/06/2024 21:24

Planning to vote Lib Dem:

  1. Genuinely believe the current Tory party is a caricature of conservativism and their incompetence (vanity projects like Rwanda) are costing everyone money and destroying the UK’s reputation. Anyone with any talent / ability was driven out under Boris.
  2. We all depend on core public services like the nhs (emergency care) and policing/justice.
  3. I don’t rate the current Labour cabinet. With some notable exceptions, they don’t seem to have the abilities or talent required to run an effective government.
BIWI · 19/06/2024 21:28

Clavinova · 19/06/2024 19:17

Are you suggesting that we should vote Labour because Rachel Reeves is not Kwasi Kwarteng?

I think I'll stick with Jeremy Hunt.

Ah yes. The Jeremy Hunt who has so much more financial and economic experience than Rachel Reeves Hmm

Following university, Hunt worked as a management consultant at OC&C Strategy Consultants for two years and then became an English language teacher in Japan.[11] On his return to Britain, he tried his hand at a number of different entrepreneurial business ventures, with three failed start-ups including an attempt to export marmalade to Japan.[12][13] In 1991, Hunt co-founded a public relations agency named Profile PR specialising in IT with Mike Elms, a childhood friend.[11]Hunt and Elms later sold their interest in Profile PR to concentrate on directory publishing.

Hunt had been interested in creating a 'guide to help people who want to study rather than just travel abroad'[14] and, together with Elms, founded a company known as Hotcourses in the 1990s, a major client of which is the British Council.[15] Hunt stood down as director of the company in 2009; however, he still retained 48% of the shares in the company, which were held in a blind trust before Hotcourses was sold in January 2017 for over £30 million to Australian education organisation IDP Education. He personally gained over £14 million from the sale and in doing so became the richest member of Theresa May's Cabinet.

From Wiki

verdantverdure · 19/06/2024 21:33

StraightLines · 19/06/2024 21:04

I don’t know why you’re quoting me. I answered the question that OP asked.

We pay a lot of tax already which should be helping ‘British children’, I don’t want to pay more.

That’s why I quoted you @StraightLines

LittleMy77 · 19/06/2024 21:39

Labour. I have no issue paying higher rate tax (even though I grumble about it) if we can actually bloody well get something for it.

I'm currently taxed up to my eyeballs but don't see anyone getting any services for it - GP appointments, A&E visits that take less than 10 hours, proper funding for schools and kids mental health services etc and elderly care is a joke

We're fortunate in that we get health insurance through my work, but I pay NI contributions, income tax, I pay for health insurance and then am taxed on that as a taxable benefit, its ridiculous but its the only way we've been able to see a Dr for non urgent but still need to be seen issues

The Conservatives have driven the economy into the ground; it's insane that you can have two people in a family working but still be below the poverty line and have to use food banks. We should be giving people a living wage, capping utility price hikes and shoring up key professions that provide services to the country as it's on the bones of its arse.

BIossomtoes · 19/06/2024 21:45

Divided household here. He’ll vote Tory as usual despite openly admitting that the current iteration is beyond appalling. I’ll vote Labour as I have for the last 52 years. It looks as if it’s my turn at long last to be happy the morning after the election. He’ll moan and be secretly relieved.

Shrugsandruns · 19/06/2024 22:00

Not sure what you’re classing as high earning - earn £80k, a single parent but comfortable.

I will vote Labour as I give a shit about bringing everyone up I’m the world not just myself. I believe in society and humans helping humans.

however, I suggest you don’t listen to anyone else and do some research. If you can’t decide between Labour and Reform than you’re missing something fundamental there.

123H · 19/06/2024 22:03

I'm really pleased to see the number of people on this thread saying they'll vote Labour because they care about others.

I'm a pensioner, not a high earner. I've worked and contributed economically to society all my adult life. Despite what many people think, the UK state pension is quite poor - it doesn't compare well to similar European countries - so I'm not in the 'well-off' pensioner bracket.

I rely on public services, particularly the NHS and perhaps, in years to come, social care. Even on my relatively low income, I would be willing to pay tax in order to keep these services working, and I say thank you to all you high earners who clearly believe in social justice. You've restored my faith in human nature.

BookShark · 19/06/2024 22:04

Tory for me. We're in one of the Lib Dem target seats, but I can't see them forming an effective opposition, so it's essentially a tactical vote.

I have no issue with a Keir Starmer Labour, but I worry about Angela Rayner and co increasing their influence over the next five years, so just don't trust them enough to vote for them.

Shrugsandruns · 19/06/2024 22:13

I’ll be voting Lib Dem or Reform

this kind of shit on this thread is so baffling I wonder if it’s actually true…they’re polar opposites. Reform HQ is that you?!

FrenchandSaunders · 20/06/2024 06:27

The amount of Reform voters on here! I’m surprised. What is it about them that inspires you? I’m genuinely puzzled.

JassyRadlett · 20/06/2024 07:56

hairbearbunches · 18/06/2024 18:30

Labour are predicted, in latest polling, to get 453 seats. That's a dictatorship in all but name. There is no effective opposition if that happens. I know people are desperate to see the back of the Tories but this would be just as big a disaster. Where would the checks and balances be?

Practically, there is no difference between an 80 seat majority and a 200 seat majority in how the checks and balances work in a Westminster system. The only real impact would be that Starmer would be less reliant on the fringes of his own party to get his legislation through and therefore more likely to tack closer to the centre.

That said, I'm not a fan of an Opposition that is too small to be coherent in its opposition.

ThisOldThang · 20/06/2024 07:59

£97k

Probably voting for Reform.

Partridgewell · 20/06/2024 08:00

Labour, with reservations. I'm a teacher and have been since 2003, and I have seen what the Conservatives have done to schools. My reservations are around gender ideology, but I'm not prepared to vote on a single issue, regardless of how important I think that issue is.

Partridgewell · 20/06/2024 08:04

It's madness to think that being a high earner today protects you against disaster in the future. Those saying Tory or Reform better hope they're not involved in a medical emergency any time soon!

JassyRadlett · 20/06/2024 08:05

We'll both be voting Lib Dem, tactically, as it's a Lib Dem/Tory race here.

If not for FPTP I'd vote Labour. Their economic plans aren't perfect but far better than the other parties and they particularly get some of the fundamentals we need to solve the productivity problem, which are energy and planning reform. I'd prefer them to have looser fiscal rules on borrowing to invest but I get why they felt they couldn't.

The Tories don't really have an economic policy that isn't about tax, and we've tested that concept to the limit. Reform's plans aren't all dreadful but their energy policy is so actively dishonest it should send everyone running to the hills. Their approach would lock in higher and more volatile prices for bill payers - domestic and business - permanently, as well as locking us out of global growth industries. When someone is so actively lying to me I want to know who benefits from that lie. On that evidence, it looks like they're running this party to benefit their own or their backers' business interests. And their spending plans just don't add up at all.

EasternStandard · 20/06/2024 08:05

EmmaGrundyForPM · 19/06/2024 14:50

A frightening number of people on here are saying they are going to vote Reform

An equally frightening number are saying they're going to vote for the party which will do the most financially for them/their families rather than for society in general.

This country is really screwed if those people prevail at the polling booth on 4th July

The main difference to trend in EU is our electoral system, so it takes a lot for Reform to get MPs

That doesn’t mean it’ll all be ok with what’s up next

wrt op I won’t be voting Labour

MoonshineSon · 20/06/2024 08:08

Janesmom · 19/06/2024 21:24

Planning to vote Lib Dem:

  1. Genuinely believe the current Tory party is a caricature of conservativism and their incompetence (vanity projects like Rwanda) are costing everyone money and destroying the UK’s reputation. Anyone with any talent / ability was driven out under Boris.
  2. We all depend on core public services like the nhs (emergency care) and policing/justice.
  3. I don’t rate the current Labour cabinet. With some notable exceptions, they don’t seem to have the abilities or talent required to run an effective government.

Janesmom out of interest which potential cabinet members do you and don't you rate?
I was very wary of Angela Rayner then listened to her interview on the Leading podcast and thought she was brilliant.

MoonshineSon · 20/06/2024 08:13

OP with 7 dependents and not a massive income you would be absolutely crazy to vote for Reform. If they gain power they will scrap the NHS. The coat of private insurance for 7 dependents would be far more than any potential rise Labour may introduce.
Also the Tories have cost us a 25% rise in food costs in 2 years thanks to Truss and Brexit. That is going. To outweigh anything else.