I stumbled across this peach of an article on the McTorygraph a few days ago. In short – an over paid ‘celebrity’ complaining about the ‘mansion tax’.
I can only assume that Cheryl Cole is a comic genius.
“I’ve always been Labour all my life but I want to hear what they’ve got to say for myself. Now that I’m a mature woman.
“I feel like a greater responsibility now to vote for who runs our country. And I pay a f—ing lot of tax. So I think that I need to have a really well-informed, well-educated opinion.”
It’s almost as if someone would view politics and policies with only their own personal interests in mind. Grow up with less money – complain about the 1% and be of the opinion that they should be fleeced with tax. Get some money – complain about the type of taxes you until recently believed in.
And another cracker;
“There are big downsides that come with having money. As many as with not having money. I mean, they’re different types of stresses, but they’re both stresses.”
Probably not, Cherly, probably not.
Self interest, the budget and personal finance
You don’t have to look far to find comments in various places around the web on the recent budget and the help to buy ISA, that are similar in self interest. They tend to be of the form;
“I saved for a deposit myself, so why should I now help someone else with my taxes”
“This is great, I am saving for a house and this will help me“
I suppose we are all guilty of the type of behavior that dear old Cheryl exhibited, in fact seeking Financial Independence may even strengthen this type of selfish outlook. After all we want great returns, a great wage, low charges and then the world to continue to tick on after we take our leave from The Man.
I do try my best to view things with ‘the bigger picture’ in mind, that said I’m not going to purposely pay more taxes that I have to. We need to be careful that chasing the best returns and tax efficiencies doesn’t turn us into assholes willing to leave a decrepit world behind, as long as we have ourselves achieved our own goal. Cerridwen over at keeper of the cauldron wrote something similar and much better than this ill-conceived rant 🙂
I do write this with the proverbial pinch of salt, as I think that if anyone is trying to rearrange their life in order to achieve Financial Independence they are probably not chewing through goods at an alarming rate like some Consumer Zombie. Their life has probably improved for the better anyway.
We are without a doubt plowing into a period of substantial change in the retirement and investing industry and we would do well to consider the changes from a longer term perspective, rather than the immediate impact on ourselves and only ourselves.
Still… the tax free income, increase in ISA allowance and personal allowance won’t go amiss for me.
Spend Less, Save More & Escape the Horde