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a day in the life, Rants

i sit corrected :)

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This morning I received the following feedback on my last (obviously whingey-sounding) post entitled “it’s just plain taxing” :

“The fact remains that you are considerably better off, not only than most of the world’s population, but most of Britain’s as well. However hard it is for you, it is harder for the majority of other people. That £80 would make much more difference to someone on £20,000 than to you and it would be a month’s salary in many parts of the world. I think your request for more aid is correct but with respect I don’t think you should be the recipient.” – Danyal

I just wanted to thank Danyal for setting me straight. No sarcasm, just straight “thank you”.

I had not realised my last post sounded so whiney – it won’t happen again! (I hope.)

Danyal was not the only person to comment on this post. One of my older friends, Ron (reliving his twenty-somethings a few years on 😉 ), pointed out that after 50 years of being in the workforce as an engineer he could not claim the salary I mentioned.

Again, thank you both for setting me straight.

Fundamentally, I happen to agree with both Danyal and Ron.

Yes, we do expect more money from our work.

Yes, we do have more cash coming in.

Yes, there are people much worse off in, and out of this country.

I guess my main point got lost somewhere along the way.

My issue was not with losing £80 per month child tax credit.

My issue was two-fold:

1. The logic behind cancelling tax credit for individuals earning above a certain threshold is fundamentally flawed. This should actually be based on “Household Income”, not a single person’s income. I was holding myself up as an example.

2. The £80 per month I lose is NOT being given to someone needier (in the UK or abroad). It is being used to plug a financial hole created by greed in business which was supported, lauded and in many ways protected by the very government that is now taking my tax credit, cancelling school improvement programs, closing hospitals, closing libraries in some of the most deprived areas (including BRAND NEW libraries, built or refurbished in the last 18 months by the same government now closing them).

The issue here is that those in power are the lapdogs of business, often moving on to lucrative business deals post political career (how much are the Blairs and Clintons making on memoirs and money for speeches?).

The issue is that billions taken from the working class as ‘tax’ is spent on banks which caused the economic crash in the first place through unsecured and emotive gambling on technically non-existent markets. The whole system feeds off of itself like a swarm of parasites. When the world financial markets sucked themselves dry internationally, we paid for it. Now they are making a profit, do we see any improvement in public services, more police, more libraries, greater investment in the infrastructure and future of the country?

Of course not. As soon as the banking industry turns a profit the bankers pocket millions in bonuses, while the rest of us sweat what little assets we have.

Yes, I think we should spend money on those who need it.

If I knew that all of the tax I paid (and it is a painful seemingly ever-increasing chunk of money each month) each year went towards helping the homeless, supporting the schools, building new libraries, paying the doctors and nurses, supporting the police, assisting other countries in supporting those in need, I would shut up about it.

But that is not where my and everyone else’s tax is going.

‘We’ (the government on our behalf) invested (pissed away) more money in banks and the financial structure in a single year than we have spent on all of the natural disaster DEC appeals for the last decade (and then some).

The point is that the money we (the governments of the world) pissed away on the failing banking system (which is miraculously still standing and now making a profit – surprise surprise!) enough money to feed the world’s hungry for years, or write off a large proportion of third world debt, or build a dozen full-sized working fusion reactor (never-ending clean energy, anyone?).

The point is that with that money wasted, we are now losing police from the streets, libraries are being closed, everyone is having to tighten their belts and work twice as hard to earn the same they did a few years before which, considering the increase in the cost of living, hike in electricity and gas bills, increase in income tax, inflation and the rest in reality means we’ve all taken a salary cut each year our salaries stay the same – after 3 years inflation alone means a 12% salary cut.

Again, I would not mind if the money was going somewhere useful, to help those who need it.

But it is not.

That was the point I was trying to make.

Apologies for it getting lost in a whinge! 🙂

Maybe I should create a new category of ‘whinge’ and put the last post there! 😉

Your feedback is much appreciated – please keep it coming!

😉

Til we communicate again,

Yours,

mE (Em) 🙂

a day in the life, Rants

it’s just plain taxing…

4 Comments

I have to warn you – this will be a rant (hence the ‘category’ of ‘rant’).

For those of finer sensibilities, or who prefer to only read the less rant-acious blogs, turn away now. Read something from the ‘poetry’ category, take up table tennis, or learn the ancient martial art of navel-gazing (one of my favourite ‘down-time’ pastimes).

Still reading? Cool. So here goes.

First the facts:
1. I am a single full-time working parent.
2. My daughter lives with me 7 days a week.
3. I earn more than 44k a year (whoopti-doo, I hear you say. Just bear with me, this is all going somewhere.)

Now the punchline:
1. I presently get £80 a month ‘child tax credit’. That is the full extent of the financial assistance the government (which I have paid for during my 15 years working in England) gives to me. £80 per month. That’s it.
2. Because I earn more than £44k a year, I will lose my £80 per month child tax credit come June. That’s right, all gone. Supposedly, I don’t need it anymore. Thanks coallition government!
3. If I lived with a partner with both of us earning £44k (total annual household income of £88k) we would together receive £160 per month child tax credit, even after June. Nice, eh?

So, according to the government, the magic number is £44k.

And if two people earn less than this live together, they need financial support from our tax money, whereas I don’t (I do not take home anywhere £88k, although it would be really nice if I did!).

So there you have it.

Oh, and the coallition government also brought a stealth income tax increase in during this year, meaning someone earning more than £40k pays an additional £100 per month in tax… Because we can obviously afford it.

Where is this money going? I hear you ask.

Better schools? More libraries? Higher paid doctors and nurses? Public infrastructure? Paying the needy or elderly to be able to live better?

Nope.

This money is the debt we inherited because some idiot in the previous government (Brown…) decided it was a good idea to blow your and my money on failing banks. “Good money after bad money.” Interesting decision.

So, fundamentally, I lose £80 per month, Hounslow closes 8 out of 10 libraries (four of which were either just refurbished or rebuilt in the last 12 months!), we lose police, schools lose funding, local communities and charities lose funding, to line the pockets of already rich bankers.

The same bankers who gambled and lost our money in the first place. (Note, they did NOT lose their own money at all – neither the first or the second time, because most high-end bankers pay next to nothing in tax – 20% at most on maybe part of what they earn.)

That’s all.

Screw the working class, the middle earners. Tax them harder, remove their benefits. Let the gambling continue in the markets. (And before anyone self-righteously accuses me of cashing in on the scramble for cash then stabbing those gambling ‘heroes’ in the back when it all fell apart; I did not ever buy any shares, aside from the “option” to buy shares of a company I once worked in which was actually part of the pension scheme.)

And of course hike up the cost of commuting, electricity, gas…

I don’t want to pay for some gamblers to continue to burn our world economy.

Rant over! 🙂

Back to happy self.

Back to rewriting. 😉

Til next time, keep breathing easy,

mE (Em)