The problem isn't salary, it's corporate greed and the reluctance to tax things properly. It's the 0.5% hoovering the wealth - the top 10% of the top 5% that's the problem. I don't see people on 70k and think they're particularly rich. When you consider that they could easily have a 300k mortgage on a 400k property, you look at their household as a limited company and do a simply P&L account for them.
Take home pay per month from 70k with 5% pension contribs is £3,929
Mortgage, say, £1,300
Two cars on PCP, £700
Two phones on contract, £80
Sky package and other Netflix, Spotify, etc £100
Other bills - energy, water, CT, etc - £400
Soon mounts up and there's nothing there for food, clothes, without exceptional stuff like school fees, gym membership, etc.
Rich is relative. I'm sure a single-income household on 70k is fecking stressed at the moment and would have gone under if they were furloughed.
Take home pay per month from 70k with 5% pension contribs is £3,929
Mortgage, say, £1,300
Two cars on PCP, £700
Two phones on contract, £80
Sky package and other Netflix, Spotify, etc £100
Other bills - energy, water, CT, etc - £400
Soon mounts up and there's nothing there for food, clothes, without exceptional stuff like school fees, gym membership, etc.
Rich is relative. I'm sure a single-income household on 70k is fecking stressed at the moment and would have gone under if they were furloughed.
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