If you’re a UK citizen, did you pay £17,000 in taxes last year? If you’re a family of 4, did you pay £64k of taxes as a household?
If not, someone else did on your behalf. A tiny group of people (1%) pay about 30% of the income taxes.
This tiny little group of Brits aren’t just our Dentists, Doctors, Professionals, Engineers, Pilots, Entertainers, Executives, Business Owners and Entrepreneurs, they are also the biggest tax slaves for everyone too.
A person earning £150k is paying £60k in tax. A person earning £30k is paying £6.2k in taxes.
The high earner is making 5x more and paying 10x more in tax.
Given the government spends £17k per person - The higher earner generates a surplus of £43k in taxes while the lower earner requires £11k of someone else’s taxes to cover their portion of government spending.
It takes an income of £60k to generate £17k of taxes. So, very few people in the economy are able to cover the costs of themselves, let alone their families too. A tiny number of people can cover their own costs and generate a surplus for society.
When you hear people talking about how greedy the rich are, and how we need to make life harder for them, it’s worth considering that if they were to stop earning or to leave, the entire system would collapse.
The issue we have in the UK is not enough rich people. We need to either develop them ourselves or import them from elsewhere. We absolutely can not afford to lose them.
As we approach an election, be sceptical of any party who claims they can fund spending through higher taxes on the rich. We already have that! What we need is a party that has a plan to create more rich people or invite them from abroad. It’s never been easier for rich people and high earners to live and work anywhere - of course they’ll go wherever they are treated best.
The UKs survival is directly linked to the number of high earners - best not to drive them away.
@chilternrailway Thanks for your apology but ‘busy’ doesn’t get close to it. Regarding the rolling stock please buy or maintain more stock in order to fulfil your basic duty to paying passengers. All the best
@chilternrailway the 18:37 to bham is an absolute disgrace. 3 carriages when at least 5 are required. People standing face to face. Explain yourselves!
@StretfordPaddck Antony cannot be allowed near this team again. I am seething with his utter in ability. He is playing for Man Utd - let that sink in. Eric is selecting him onto the pitch - let that sink in.
@samuelluckhurst I am sick ant tired of that kid. He is tragic. But please explain how EtH is allowing him near that team. Eric needs to explain himself. How is Antony a Man UTD player
I don’t tweet but how EtH allows Antony to be anywhere near a Man Utd first team is beyond comprehension. It is a complete joke. Pathetic and tragic from both manager and player. @ManUtd#ManchesterUnited#prem@INEOS#ineos#brailsford
@Cooperjl24 Hi Jane. I hope you and your family stay safe. If you could keep posting updates that would be helpful as we are meant to be arriving in kassiopi next week. Many thanks
17:47 out of Marylebone absolutely rammed AGAIN, people packed in standing face to face. Just disgusting conditions in return for a peak train fare. @chilternrailway what are you going to do about this? Is there even a solution?
17:47 out of Marylebone absolutely rammed AGAIN, people packed in standing face to face. Just disgusting conditions in return for a peak train fare. @chilternrailway what are you going to do about this? Is there even a solution?