How rich are you?

The new Liberal Democrat tax plans (which benefit the environment and the vast majority of families, at the expense of those households with incomes over around £68,000) has resulted in the usual predictable burst of comments from people saying, “ooh, but being on £68,000 isn’t being rich”.

Here’s a handy way of putting that into perspective: www.globalrichlist.com (though of course you need to turn that household figure into a per person figure).

Read more by .
This entry was posted in News.
Advert

7 Comments

  • Kevin O'Connor 13th Jul '07 - 1:58pm

    Interesting as globalrichlist.com is and very useful for making people understand the context of international development debates, I struggle to see how it is relevant here.

    The criticism being raised is that we have said that the tax increases are only for the very rich, and then said they would be for households over £68,000. Some people will naturally question whether, in the context of the UK tax system, 68k constitutes ‘super-rich’. A fair question, I would say.

    I don’t see how changing the context to the global rich list does anything to help get perspective on this issue. If anything I think it is a little disingenuous.

  • To be pednatic it puts you in the highest income decile. Many people who are richer than you (own more) will have a lower income (realy rich people don’t work, and organise their assets in such a way that they pay little in income tax.

    But it isn’t a zero sum game: the move reduces marginal tax rates for low earners and thus improves incentives to work. This is good for everyone.

  • I’m in the richest 0.86%, and my partner is in the richest 0.74%… yet even together we cannot afford to buy a home!!!

  • If the Lib Dems think that £68k is super rich it just shows how out of touch they are,surely they realise by now that a ‘soak the rich’ tax policy belongs to another century?

  • Stuart, as Tim points out, you’ll be even less likely to be able to afford to buy a home when the reduction in national level income tax is eaten up mostly by the Local Income Tax AND house prices rise by at least another half salary multiple.

    Axe the Tax,
    Ditch the LIT,
    LVT can be a hit!

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

If you are a member of the party, you can have the Lib Dem Logo appear next to your comments to show this. You must be registered for our forum and can then login on this public site with the same username and password.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?

Advert



Recent Comments

  • User Avatarnigel hunter 21st Feb - 6:27pm
    Yes. Trump uses Christian's for his own political ends .Sad . Yes how log will it take till the penny drops?
  • User AvatarMohammed Amin 21st Feb - 5:04pm
    Christian Evangelical Americans have put their trust in a man who shows no real evidence of genuine religious belief. Indeed Mr Trump's only god seems...
  • User AvatarPaul Reynolds 21st Feb - 4:56pm
    Some questions have been asked about the UK vs Germany data. Some more info. Salaries in Germany are about 10% higher than the UK on...
  • User AvatarJohn Barrett 21st Feb - 4:56pm
    With so many people on the election Review Team there is one obvious problem which I fear with make the task of the group difficult,...
  • User AvatarFrank West 21st Feb - 4:24pm
    My local Poundland employed lots of EU youngsters at one point whilst our own youth were doing drugs and cider yards away outside, post Brexit...
  • User AvatarMalc Poll 21st Feb - 4:18pm
    And the remain vote was split , us and 2 indepents (not sure of the local platform they stood on ) Malc poll