The Anonymous Widower

Why Would A Well-Off Person Vote For This Labour Party?

I am 67, single and reasonably comfortably off, but with the exception of my house, pension pot and funds in Zopa, I have no substantial taxable assets. Quite frankly, purchases like expensive cars and art, a second house in the country, buy-to-let investments and vanity purchases like football clubs, just don’t interest me.

My house is probably just below any proposed Mansion Tax limit, but for how long, given the rate of the rise in property values in this area?

Over the years, I’ve acquired a few friends, who are now as financially secure as I am, for the rest of their lives.

What puzzles me, are some of these friends have been serious supporters of the Labour Party in the past. I wonder how many of them, are now less sure in their support, as every day, Miliband and Balls bring in more and more bash-the-rich policies?

The latest policy of abolishing the ‘non-dom’ status as reported on the BBC, may not worry me, but I suspect some of the people I know will be livid. I can think of someone, who is a Project Management professional, who works all the time outside of the UK, which probably gives them an interesting tax problem and being ‘non-dom’ may come into their affairs.

In fact, there are so many high-paid jobs of this type, which because of the Internet and air travel can be done from any reasonable base, so how many of these people would leave if a Labour government took power? In the past C and myself, thought about leaving, if the General Elections of the 1980s and early 1990s had gone the wrong way.

So what is going to be the next crazy bash-the-rich policy floated by this impractical Labour Party?

On the other hand there will be Newtonian reactions.

I think this lurch to the left, will hurt the Labour Party severely in the pocket, as so many of those who supported them in the past, won’t contribute this time.

They will become even more dependent on the Trade Unions for funds.

But I also feel, that anyone, who has a desire to be rich, will think twice about the way they are going to vote!

Luckily for me, what I consider my biggest asset, that has got me out of financial trouble several times in the past; my brain, is untaxable! Unless of course, a government brings in a higher rate of Income Tax for those with a University degree!

April 8, 2015 - Posted by | World | , ,

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