Young children don’t see poverty, richness, luxury, wealth, money, inequality, capitalism, democracy or philosophy. Children see emotions and build their new world through the actions of their parents and close family members. Being a child brings a wealth of brilliant memories that help define their current level of consciousness. As adults, we become the slave to capitalism and die in the hands of a Government (good or bad). We can change these ideologies and push for change that will benefit our children. The education establishments hold power for young minds to accelerate and look into the future; for a life that means something, forms part of a collective goal or becomes an entity that can look back on a story of happiness. Life shouldn’t be a struggle for children; they shouldn’t feel fear, neglect, hunger or shame.
If we run the future on a capitalistic thought process, we should have an offering where lower wage incomes don’t have families standing around penniless. You can’t create a future through capitalism where the expectation of standard outgoings – climb over a low income. It’s unethical and unacceptable.
Let’s look at the average income for a single person and prepare for the expected average deductions over a lifetime. This information will give people a better idea of why our current society is in debt.
A Person Is A Taxable Entity
Living in a first-world country seems to have its advantages, but the convenience comes from people paying taxes.
Here is a break down of the current outgoings for a person living in the UK:
- PAYE Tax
- Student Loan
Household Bills Essential
- Council Tax
- TV Licence
Household Bills Non-Essentential
- Premium TV service
- Phone Line
- Contents Insurance
- Household items such as washing machines, dishwasher or tumbler dryer.
- Finance for car
- Car Insurance
- Road Tax
- Service Costs
- Break Down Cover
- Public Transport
- Mobile Phone
- Life insurance
Life Time Earning vs Hidden And Visible Taxes
The average wage for the main earner in the Uk in 2021 is 30k. Let’s break this down and look at out-goings over a lifetime.
If we start the wage cycle at 20 years of age and finish the rotation at 65 years of age; giving us a conservative estimate that doesn’t take into account: beginning on a smaller wage, finishing on a higher salary, part-time work, stages of unemployment, further education, bonuses or a secondary source of income.
Working Life Span = 45 years – £30,000 PA = £1,350,000.00
PAYE Tax 12 months = £3,500.00 – over 45 years = £157,500.00
National Insuarance 12 months = £2,564.16 – over 45 years = £115,387.20
Studen Loan 12 months £600 – over 45 years = £27,000.00
Private Pension over 12 months = £3,360 – over 45 years = £151,200.00
Lifetime earnings after deductions – £898,913.00
State Pension Return
£8092.08 PA – over 11 years based on the average life expectancy of 81 years of age – £89,012.88
Private Pension Return
£151,200.00 divide by 15 years of expected life expectancy will be £10,000.00 PA
Combined will be £18,092.08 PA = £1,507.06 PM to live on for 67 years of age to death (11 years retirement)
This quick overview of life earnings vs return is costly, and that’s only if you make it to retirement. The Government have already charged £183,874.32, which doesn’t include hidden taxes from the student loan. This is the cost for one person on the average wage to work in the UK.
Commodities And Service Charges
If you’re the average person living in the UK, you now have £898,913.00 to get through life. Moreover, you still haven’t thought about services charges and commodities. Let’s take a look over a 45 year life cycle:
Household Bills Essential
- Morgage/Rent – £8,640 PA x 45 years = £388,800
- Water – £540 PA x 45 years = £24,300
- Electric – £708 PA x 45 years = £31,860
- Gas/Oil – £500 PA x 45 years = £22,500
- Council Tax (band F – average) £2,977 PA x 45 years = £133,965
- Life Insurance £144 PA x 45 years = £6,480
- TV Licence – £159 PA x 45 years = £7,155
Household Bills Non-Essentential
- Premium TV service – £420 PA X 45 years = £18,900
- Phone Line/Mobile – £420 PA X 45 years = £18,900
- Broadband – £360 PA x 45 years = £16,200
- Contents Insurance – £240 PA x 45 years = £10,800
- Maintenance (DIY) – £500 PA x 45 years = £22,500
- Household items such as washing machines, dishwasher or tumbler dryer and furniture – £250 PA x 45 years = £11,250
- Finance for a car – £1,680 PA x 45 years = £75,600
- Fuel (based on a 20 mile daily journey and 45 MPG – £2,400 x 45 years = £108,000 )
- Car Insurance -£480 PA x 45 years = £21,600
- Road Tax – £145 PA x 45 years = £6,525
- MOT £65 PA x 45 years = £2,925
- Car Service Costs – £400 PA x 45 years = £18,000
- Break Down Cover – £456 PA x 45 years = £20,520
- Public Transport/Parking – £250 PA x 45 years = £11,250
- Clothes and Shoes – £600 PA x 45 years = £27,000
- Food – £2,880 PA x 45 years = £129,600
- Exercise/Gym/Clubs – 360 PA x 45 years = £16,200
- Dental care
- Training courses
- Univeristy Fees
Lifetime earnings after taxable deductions = £898,913.00 –
Average living expenses for 1 person = £1,172.430.00
Total deficit = -£273,517.00
Already, the average person is in debt by trying to live a life in the UK. Now throw in a family (two children). Imagine being in a lower wage bracket (£20,000 to £26,000 PA). What about a few holidays, a day out, childcare costs or an emergency car repair.
Why is life so expensive? Why is capitalism failing the working-class population? What is our Government doing with all this tax money generated by people, businesses and large corporations? Why is the national debt accelerating out of control, and why will our children be born into a failing system?
This Government scheme (ideology) is directly responsible for poverty, ill health, mental health issues, homelessness and a list of other problems confined to many more lists.
Life has become an expense that’s hidden but is put right in front of your eyes. Living has become so expensive; people have become lost in understanding that life doesn’t need to be this way. Children shouldn’t be standing in the cold, holding their hands out for food and living in squalor so that service providers can increase their profit margins for the year. Children don’t understand the list of bills that need paying; they don’t see the struggle of parents looking at bills that need to be paid, the cost of the shopping trolly bill and the endless debt that escalates out of control from a skimming mechanism that wants more.
Life is becoming poor (mentally unstable), the rules of a capitalist society need to change. There needs to be an advantage for the working class. Why work and pay to hold up the gap between layers of the rich, title and honour? One can’t live without the other; one doesn’t exist without the other. So, why must poverty exist in the form of 2 bedroom apartments or tiny houses that can’t be purchased (too expensive), need to be rented and offer little quality of life to a youth that is the future of humanity?
Inequality Case Study
The gap between the rich and poor is created through capitalism. Suppose you want to put young families into homes made from bricks and mortar with endless bills falling through the letterbox. We need to change the structure and scope of basic living and human needs. The low income creates a poor standard of living. Dwelling in a tiny, box house – 7m2 – that escalates the costs of living into poverty needs to change immediately. There is no future in this standard of living. Council estates and cheap fabricated tower blocks need to be removed, enabling space and community growth.
Inequality exists because of the layered ideals through personal achievements. We can see this in the form of skills, educational certificates, awards, training, experience and aptitude. People tend to have different levels of ability and push themselves to a point where they feel comfortable and happy. Overall, a person who has acquired a higher level of education is deemed to receive a better financial reward.
Low-Income Wage – (Minimum Wage Earner)
Emma comes from a working-class background. She did exceptionally well in her G.C.S.E’s. Emma decided on a college course and studied ‘child care’ for three years. She passed with a distinction and opted for a career looking after toddlers in a well-established nursery. Emma helps develop their young mind with proactive learning activities and cognitive stimulation. The responsibility for Emma is vast. She is monitored daily, writes reports for the parents, attends regular training courses, helps with cleaning duties, covers shift work, needs to be self alert at all times and is responsible for children with particular disabilities, dietary and learning abilities. Emma loves her job, feels challenged and sees great opportunities ahead. Emma is on minimum wage, and she will always be on that wage because the nursery has a panel of governors that won’t increase her wage. The wage is set by the Government.
Emma is also a young mum, married and has two children. Her partner works in the local bank as a mortgage advisor, earns just above the minimum wage and receives a small bonus on occasion. This family rent a house from the council and can afford to get by on their income. This family work hard but are seen as lower, working-class citizens.
Average Income Wage
Sarah also comes from a working-class background. After completing her A levels, she decided on a degree in Law. She went to university, got a student loan, overdrafts and credit cards to pay her way through 3 years of tutoring and achieved a 1st class degree. Sarah now works for a good law firm and brings in an average wage. She met a teacher and decided to settle down and buy a house. Sarah’s career is taking off; she is rewarded with several pay rises and may make ‘partner’ one day. As a married couple, they are both happy and bring in an above-average way. They enjoy holidays abroad, own two cars, upgraded to a better house, and have plans to extend the downstairs into an open plan living area with a new kitchen.
Sarah decided to have a baby; the little boy is now three years of age and ready to seek a new nursery. This enables Sarah to go back to work full-time and carry on with her career as a lawyer. Emma now looks after Sarah’s little boy, five days a week, in the nursery picked by Sarah to care for her child.
Although Sarah couldn’t go back to work without the nursery being available in her area. Inequality is forced upon Emma through the minimum wage system and the current model of capitalism.
What’s more important? The welfare of a child, the need to earn a higher wage or the profits made through the current tax system?
How To Beat Capitalism
Change can advance with our evolving technology if we seek to learn from our current civilisation model. We need to realise that one way of life can’t exist without the other. Bridging the gap between the working-class – middle class and upper class can be achieved. After all, we are all human beings working off the same DNA codex. We are just separated by different levels of consciousness throughout our daily lives.
Bridging the gap for future generations:
- The minimum wage should reflect the housing marketing (the cost of a home should be affordable by all)
- All new families should receive a free house with no rent payments or the option to buy with affordable payments
- Utility companies reduce the profit margins and help build communities and schools with surplus profits
- Revolving credit should be wiped out for everyone – no short or long term debt
- Interest-free credit should be widely adopted (monthly payment plans)
- Cryptocurrency is adopted, and each child receives £10,000 in high earning tokens (APY) or an ARK account
- Children are shown early (8 onwards) how to invest, trade and earn interest on their new asset
- All young adults don’t need to spend large amounts of currency and can survive living from daily interest payments from their early investment accounts
- Car companies become rental only and combine services, insurance, maintenance, road tax and MOT charges into one affordable monthly payment
- Council tax is reduced, or monthly payments are reflected into the local community. The council works with each village, town and city segment as small entities so people can see what their money is being spent on
- Oil is replaced with sustainable affordable options – hydrogen, full electric, solar power, water and wind power
- A full bank reset should take effect by the end of 2022 – No national debt, credit cards or loans. The reset button is pressed, enabling a new future to begin; what is money? A digit on a computer screen.
Our goal should be equality! Financial freedom and the will to achieve something great for the human race. Significance should be in our name and the possibility that it will be remembered for the next generation.