That’s true to a degree but is only part of the picture.
I didn’t have a child until I knew I earned enough to fund private education for them. I even went so far as buying a house in a nice area with rubbish local state schools as this was better value for me if I never intended to use any state schools.
Many other families are not like ours though, particularly those with more than 1 child. Many of them could be seeing an instant tax rise of £10k pa from January. Add in other cost of living changes in recent years and that is a huge ongoing tax burden for them to bear.
The idea that all private school parents have other significant discretionary expenses that they could review to offset this simply isn’t true. In the same way that I spent less on my house to help afford the fees, many others spend less on other activities to help fund it.
The VAT will definitely hit the marginal parents hard primarily because bursaries will be significantly reduced or in some cases eradicated altogether. At our school you have to be have a household income under 75k to qualify for a bursary. Thats 2 parents each earning UK average salary not exactly super rich.
The final point about self awareness is one that I really struggle to accept. While of course nobody wants to see anyone in poverty the answer isn’t to use that as a reason to take away anything from anyone who isn’t in that position.
Higher earners bankroll the UK. Without them poverty levels would explode. We should be supporting the high tax payers to continue generating huge sums for the benefit of others. What Labour appears to be doing is to disincentivise higher earners which will be very counter productive in the long run.
Make school fees too expensive and people won’t use them. They also won’t bother to earn the money needed to pay for them which of course reduces income tax receipts.
Make pensions less attractive people at high marginal tax rates won’t bother earning more and will pay less tax.
Increase CGT and people will see investments as riskier so will reduce them.
All these policies are extremely short sighted and when combined are going to create a very poor outlook for the UK.
Growth is the only answer not taxation. Unfortunately this awful government we have been burdened with don’t understand that. It won’t end well for many.