Go Back   The 75 and ZT Owners Club Forums > Social Forums > Social Forum
Register FAQ Image Gallery Members List Calendar
Notices

Reply
 
Thread Tools Display Modes
Old 12th February 2022, 10:02   #71
MSS
This is my second home
 
Rover 75CDT, Jaguar XF-S 3.0V6, V'xhall Omega V6 Estate, Twintop 1.8VVT, Astra Estate and Corsa 1.2

Join Date: Dec 2007
Location: Suffolk
Posts: 7,083
Thanks: 283
Thanked 624 Times in 440 Posts
Default

Quote:
Originally Posted by macafee2 View Post
troll

macafee2

Thank you for your assessment, Ian. I respect your right to hold this view!

May I be bold enough to enquire whether you are content and happy with the state of imbalance between the earnings, to use the word in its loose and broadest sense, of the top 1% to 5% and the average worker?

PS it's important not to confuse an old banger with the term classic!
__________________
Member of the Peasant Underdog Class, Grade 1

Last edited by MSS; 12th February 2022 at 10:05..
MSS is offline   Reply With Quote
Old 12th February 2022, 11:00   #72
macafee2
This is my second home
 
Rover 75 Saloon & Tourer

Join Date: Sep 2012
Location: Lincoln
Posts: 14,912
Thanks: 1,630
Thanked 3,032 Times in 2,181 Posts
Default

Quote:
Originally Posted by MSS View Post
Thank you for your assessment, Ian. I respect your right to hold this view!

May I be bold enough to enquire whether you are content and happy with the state of imbalance between the earnings, to use the word in its loose and broadest sense, of the top 1% to 5% and the average worker?

PS it's important not to confuse an old banger with the term classic!
I cant say I am happy with what the top earners earn and what the bottom earners earn. A loaf of bread and a tube of toothpaste cost the same for both earners. However, those that have studied, saved, worked hard, sacrificed, risked are entitled with the skills they have picked up to earn more
then the person that has none of the above.
As for the average wage, Google tells me that is nearly 32k
if a couple are both earning 32k then they are ok. If only one is working and there are also children to support 32k does not leave much for things above basic so I would like to see that 32k wage higher but I do not feel the same way between average wage and top wage as I do about the gap between top and bottom wage. The top wage is still silly high.

"Anyone" can be a cleaner, not everyone can be a brain surgeon.
If ones house is dirty, get off ones ass and clean it, if one needs brain surgery, then the brain surgeon is worth every penny. This does seem to be a contradiction but I hope you understand the point I am making.


Some friends of ours are worth over that magic million.
They are only children and both inherited a house each. The wife also inherited about 600k. Their friends drank, smoked, car'ed and generally wasted their money.
To cut a long story short our friends bought and have given their friends a bungalow.

I know someone else that inherited a life changing amount of money. It is all gone. They live in reduced rent accommodated purchased just for them and on government handouts. They would not even change the battery in the smoke detector, wanted the home owner to do it.

These people have what they have due to wealthy people being generous. This is why spreading the wealth will not work, some squander it and thankfully there are wealthy people who have stepped up and helped. Making the wealthy poor would not have helped in the above cases, it would have made things worse.
I am taking wealthy to be the top 5%, I think you said somewhere that 5% are worth over a million . That million is not the million it used to be. Due to house prices a lot of people are asset rich and cash poor.
I'm sitting with no heating on, the wife said our bedroom earlier was 11 degrees.

macafee2
macafee2 is offline   Reply With Quote
Old 12th February 2022, 11:48   #73
MSS
This is my second home
 
Rover 75CDT, Jaguar XF-S 3.0V6, V'xhall Omega V6 Estate, Twintop 1.8VVT, Astra Estate and Corsa 1.2

Join Date: Dec 2007
Location: Suffolk
Posts: 7,083
Thanks: 283
Thanked 624 Times in 440 Posts
Default

Quote:
Originally Posted by macafee2 View Post
.............
I'm sitting with no heating on, the wife said our bedroom earlier was 11 degrees.

macafee2

We have something in common! It's 12 degrees in the lounge and I about to get out into the garden to tidy up. The positive is that it's windy outside so the 8C will feel a lot colder and when I come back in, the 12C will feel toasty.

Seriously, I think we need to get businesses to pay a living wage - having to top-up a full-time worker's wage with benefits in order for them to live should not be necessary. Equally, those with education, greater skill, risk at work etc. should expect a greater reward but I don't think anyone really contributes more than £100k's worth of service (relatively speaking) to any business or to society. I have spoken to Hermes etc. delivery drivers who are far more intelligent than some executives I have known earning £100k+ PA and some at £250k PA. I would tax at a 100% rate above £100k PA which would put the high earners at just over 3x the average wage.

I do feel that the top 5% should contribute more than they currently do. It is because of the abundance of wealth amongst say the top 50% that we are in a run-away state with house prices. The property prices are high because a significant proportion of the population can afford to pay the high prices. There is only one effective way of managing ridiculous increase in house prices year-on-year. This is to reduce the level of wealth disparity.
__________________
Member of the Peasant Underdog Class, Grade 1
MSS is offline   Reply With Quote
Old 12th February 2022, 15:50   #74
macafee2
This is my second home
 
Rover 75 Saloon & Tourer

Join Date: Sep 2012
Location: Lincoln
Posts: 14,912
Thanks: 1,630
Thanked 3,032 Times in 2,181 Posts
Default

Quote:
Originally Posted by MSS View Post
We have something in common! It's 12 degrees in the lounge and I about to get out into the garden to tidy up. The positive is that it's windy outside so the 8C will feel a lot colder and when I come back in, the 12C will feel toasty.

Seriously, I think we need to get businesses to pay a living wage - having to top-up a full-time worker's wage with benefits in order for them to live should not be necessary. Equally, those with education, greater skill, risk at work etc. should expect a greater reward but I don't think anyone really contributes more than £100k's worth of service (relatively speaking) to any business or to society. I have spoken to Hermes etc. delivery drivers who are far more intelligent than some executives I have known earning £100k+ PA and some at £250k PA. I would tax at a 100% rate above £100k PA which would put the high earners at just over 3x the average wage.

I do feel that the top 5% should contribute more than they currently do. It is because of the abundance of wealth amongst say the top 50% that we are in a run-away state with house prices. The property prices are high because a significant proportion of the population can afford to pay the high prices. There is only one effective way of managing ridiculous increase in house prices year-on-year. This is to reduce the level of wealth disparity.
Do you mean this? "Seriously, I think we need to get businesses to pay a living wage" Google says the living wage is £9.50 and the London living wage is £10.85.
It also showed that the average wage in the UK in 2021 was £25,971, that is about £500 a week
That is not enough for one person to earn if supporting wife and children. It does seem figures vary depending on what site you go to so please take the above figures with a pinch of salt. Mid 30's would be better but when there are two earning, mid 30's becomes a lot of money to bring in.

Ha I want to share the wealth more then you

macafee2
macafee2 is offline   Reply With Quote
Old 12th February 2022, 17:00   #75
MSS
This is my second home
 
Rover 75CDT, Jaguar XF-S 3.0V6, V'xhall Omega V6 Estate, Twintop 1.8VVT, Astra Estate and Corsa 1.2

Join Date: Dec 2007
Location: Suffolk
Posts: 7,083
Thanks: 283
Thanked 624 Times in 440 Posts
Default

Quote:
Originally Posted by macafee2 View Post
Do you mean this? "Seriously, I think we need to get businesses to pay a living wage" Google says the living wage is £9.50 and the London living wage is £10.85.
It also showed that the average wage in the UK in 2021 was £25,971, that is about £500 a week
That is not enough for one person to earn if supporting wife and children. It does seem figures vary depending on what site you go to so please take the above figures with a pinch of salt. Mid 30's would be better but when there are two earning, mid 30's becomes a lot of money to bring in.

Ha I want to share the wealth more then you

macafee2
I don't understand your issue when you say 'Do you mean this? "Seriously, I think we need to get businesses to pay a living wage"

Notice I did not say the National Living Wage, which is an official number of £9.50 for 2021, but a living wage i.e. a wage level at which people can live without suffering ill health or needing top-up benefits whilst in full-time employment.

This should help. https://www.resolutionfoundation.org...l-living-wage/
__________________
Member of the Peasant Underdog Class, Grade 1

Last edited by MSS; 12th February 2022 at 17:10..
MSS is offline   Reply With Quote
Old 12th February 2022, 17:20   #76
macafee2
This is my second home
 
Rover 75 Saloon & Tourer

Join Date: Sep 2012
Location: Lincoln
Posts: 14,912
Thanks: 1,630
Thanked 3,032 Times in 2,181 Posts
Default

living wage, uk living wage, national living wage....ok I take your point.
I thought you mean the "£9.50" living wage

macafee2
macafee2 is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 11:05.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Copyright © 2006-2023, The Rover 75 & MG ZT Owners Club Ltd