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I totally agree.
I suppose my point was more that why does he feel angry. I think it points at other broken systems. -
It is a lot, but it's a measure of how f**ked the income / wealth spread is that being an 80k earner may well not be enough to buy a reasonable family home in London (e.g. mortgage of 4.5 X salary means you can only borrow 360k).
I wouldn't say that person feels stretched - but nor do they feel wealthy, because asset prices (particularly land) have become so inflated. Obviously this isn't great as it leads to a real feeling like working is for mugs, actual money is made through capital transactions - which puts yet more pressure on stuff like housing as people try to get rich from that, the cycle continues....
GoatandTricycle
andyfallsoff
@snottyotter
Progressive tax on income is good, lowering taxes that disproportionately affect lower earners, like VAT is also good. £80k a year is a lot of money, even in somewhere really expensive to live you can cover all your basic costs of living and so afford to pay more tax, and that tax would only be on the money you earn over £80k anyway, so 40p, or an extra 20p if you're on £80001.