Rolling in it
They say that apparently I am 80% wealthier than I was ten years ago.
I checked my bank balances and they are much the same. If anything there is a slight trend towards the red.
I checked my loans. I didn’t have any ten years ago but I do now [for the car]. So that’s a debit, but the car is now an asset. But the car has depreciated since so it’s still a minor net loss.
My income has increased a bit with the new carer allowances but there is no way that they almost doubled my income. Take into account the new taxes and the increased taxes and I am a lot worse off.
So how the fuck do they reckon I have benefited so much?
Of course the house has appreciated in value in the last ten years. However I don’t know what it was worth ten years ago, and I haven’t a clue what it’s worth now. It possibly has doubled in value since the low point of the recession but that means absolutely nothing. Zilch. Meaningless.
So there is my 80% increase and it is fuck all use to man or beast. So far as I am concerned the Manor could be worth a million or a tenner. It doesn’t matter a damn to me how much it’s worth until such a point as I decide to sell, which I have no intention of doing. If it goes on the market it does actually have a value decided between myself and the buyer, but not before that.
So the State gloats how well off I am and tells me how much they have done for the country’s finances.
But they can tax you on the value of the home, so of course its value has increased. That allows them to get more taxes without raising your taxes.
There is a proposal to tax the land rather than the house which would be a right bugger! For the size of the house there is a lot of land so I would be screwed. Maybe I can sell off some for a housing estate?
When I read the title of your blog, I thought it would be about Penny.
Click bait! 😈
That's strange. You don't look rich. Too bad the government sees otherwise.
80% wealthier could mean 80% more taxes!
That goes without saying.