£100,000 per year

[original PM]

Nobody in that article claimed to be a socialist from what I skim-read.

I am not sure where you get the idea that someone who endorses socialism shouldn't be wealthy though in the first place. You set down these axioms and build an argument on a faulty foundation. I assume this is some attack on Corbyn in which case you are further confusing socialism with merely being a bit left wing - or are you making a general point?

Surely true socialism is that everyone gets the same.

So these people should give up everything they have until they have the same as the person who has the least.

Not sure they are so keen on this.

Think that they feel some animals are more equal than others really.

[centurian]

Also a "six figure salary" is a pretty wide range.

£120Kpa is what I would describe as comfortable, not rich - you are paying 60% tax - you probably had to make a lot of sacrifices to get to that point. Your income level is also likely to be erratic - you may not end up being that much better off in the long run than someone earning £50-70Kpa in a much more stable career.

> £500Kpa is what I would describe as rich - you really have no excuse for not being able to provide for yourself, even factoring everything in.

The person in the BBC example was earning ~600K

[MarillionFan]

Also a "six figure salary" is a pretty wide range.

£120Kpa is what I would describe as comfortable, not rich - you are paying 60% tax - you probably had to make a lot of sacrifices to get to that point. Your income level is also likely to be erratic - you may not end up being that much better off in the long run than someone earning £50-70Kpa in a much more stable career.

> £500Kpa is what I would describe as rich - you really have no excuse for not being able to provide for yourself, even factoring everything in.

The person in the BBC example was earning ~600K

Well I have to say even at 10k take home per month, it doesn't go as far as you'd think it does. It doesn't even cover the cost of a business class flight for the family to the US. I think you need closer to 25k per month minimum.

[SueEllen]

Surely true socialism is that everyone gets the same.

So these people should give up everything they have until they have the same as the person who has the least.

That's communism.

True communism doesn't work as China, former USSR and Cuba show.

Socialism is a varied "church" with people believing slightly different things.

[MarillionFan]

That's communism.

True communism doesn't work as China, former USSR and Cuba show.

Socialism is a varied "church" with people believing slightly different things.

WSS. If all the seats were First Class and we all had free champagne, then no-one would complain.

[SueEllen]

WSS. If all the seats were First Class and we all had free champagne, then no-one would complain.

Actually some people would as they would be allergic to champagne, simply not like it or not drink alcohol.

Which is why some socialist theories are based on "each according to their need" and others are based on "each according to their ability".

[scooterscot]

Touched £170k last year or there abouts - according to that story I earned more than the PM. Cool. I pay a eye-watering amount on tax however. Does it make me happier? No. Happiness is a choice and nothing to do with money IMO. The lifestyle I'm afforded in this part of the world is amazing though and I'm thankful for that. Being the 'engineer' is far more rewarding than a city banker as in that story.

[scooterscot]

Surely true socialism is that everyone gets the same.

So these people should give up everything they have until they have the same as the person who has the least.

Not sure they are so keen on this.

Think that they feel some animals are more equal than others really.

Well I think they did that already. The trouble is the high flyers leave the feckless behind within minutes and return to being gods amongst insects/recruitment agents.

[MarillionFan]

Actually some people would as they would be allergic to champagne, simply not like it or not drink alcohol.

Come the revolution the non champagne swillers will be first against the wall. Huzzah!

[MarillionFan]

Touched £170k last year or there abouts - according to that story I earned more than the PM. Cool. I pay a eye-watering amount on tax however. Does it make me happier? No. Happiness is a choice and nothing to do with money IMO. The lifestyle I'm afforded in this part of the world is amazing though and I'm thankful for that. Being the 'engineer' is far more rewarding than a city banker as in that story.

It's the amount of tax that has to be paid that pisses me off.

So let's say you have an income like this

2010 - 10k
2011 - 10k
2012 - 10k
2013 - 100k
2014 - 110k
2015 - 0k

Versus someone on

2010 - 40k
2011 - 40k
2012 - 40k
2013 - 40k
2014 - 40k
2015 - 40k

Mr steady eady in the second example is better off, having paid a tulip load less tax, even though you earn the same over a period of time

Tax should be a flat rate, not hiked if you earn more in one year than another.