Row as Starmer suggests landlords and shareholders are not ‘working people’
Row as Starmer suggests landlords and shareholders are not ‘working people’
It comes as the Treasury minister refused to say whether those who rent out properties would be covered by Labour’s manifesto promise
Truth hurts I guess.
That may be the first thing he said that I agree with him on ever.
I mean, he's right. The whole point of my mother leveraging her home to become a landlord back then was because she had a stroke and literally could-not-work. Landlords aren't working class. They're just investors.
As a landlord (I own two properties) and as someone who also works full time I agree with him.
It may take up some time but ultimately it's an investment.
Landlords like myself aren't (typically) struggling, so we should pay more tax, especially now as the country needs it. I am proud to say I don't tax dodge and pay what I owe. But unfortunately there are many loopholes that can be exploited to avoid paying tax. Just a few weeks ago someone was telling me how I should put my properties under a LTD company to avoid paying tax (I didn't and won't). I hope the Labour government does more to close these loopholes for tax dodgers.
And, as everyone here says. He is correct. It is an investment. Not work. Yes you are taking a risk, that is the point. If you work, you should not be taking a risk. But instead paid for your labour.
Unfortunately, saying it here doesn't matter. Papers like the telegraph and other Tory press are not going to care about the facts. They only care about creating division.
More importantly, Starmer et al. Are also not going to make the effort to argue this case. No effort is going to be made to push forward the true difference between working class income and actual investment income.
Anyone watching saw this argument starting during the election. It was clear then when labour started talking about working taxes. The Tories instantly started arguing that the Tories were talking about not raising taxers at all. Anyone watching saw this discussion forming.
And Starmer et al. intentionally ignored it rather than draw attention to the difference. They will not bother to fight the terminology now either.
Because he is correct
They do no labor, they create no good, they accomplish no service. Literal rent-seeking.
Well I remember when I used to rent I don't remember my landlord ever doing anything. He owns the property but he certainly didn't maintain it.
I dont often agree with this Tory in disguise, but in this case he's right.
Yeah, Starmer is right though...
By definition if you make all the money you need to live from investments like stocks, bonds, or leasing out homes then you aren't working class. If you work a regular job, but have some additional income from investment savings you are working class, but the Labour government isn't having to focus on those investments going up as much as making your working life more comfortable.
Yer, I totally trust the Telegraph on what Starmer says on the lines in a class war. Completely trustable source on the subject. Not at all trying to put that line with as many people on its side not Starmers.....
I’m sure he’ll acknowledge his mistake, apologise profusely and make amends with a round of capital-gains tax cuts.
As that one song goes
"But we can
You know we can
We can
You know we can
..."