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sir_quirky_k ([info]sir_quirky_k) wrote,
@ 2008-07-04 14:26:00

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Definitely shifting to the right
Latest Political Compass score: (-0.25, -0.21). I've adopted many of the fundamental points of the authoritarian-right consensus and it's making me at once squicky and fiercely proud. I am almost certain I'll end up as a conservative of some description in the future.

This has been at least partly sparked by the recent report from the Rowntree Foundation - which incidentally I think has an excellent basis in methodology but gets enough wrong to produce horribly skewed outcomes (like taking a council flat in Loughborough as the basis for housing costs). I feel incredibly guilty to this day about claiming benefits, and having claimed them in late 2005, firmly agree with those who consider them excessive, especially given the other incentives provided for those on benefits. At my most reactionary I want to propose the removal of all benefits; at my more reasonable, I would call for their replacement with a set minimum Citizen's Income and no further assistance whatsoever. Tax would then be very low for low earners, and income tax would in fact be generally low, as the tax burden would be heavily shifted towards indirect taxes designed to shift consumption patterns.

I also firmly believe the vast majority of the British public are awful with money. Most claim the headline £13,400 figure is laughably inadequate, but I would find it remarkably easy to live on that in Southampton. I've found a studio flat in a reasonable location for £450pcm including all bills; food costs are around £35 per week; £20/month buys a bus pass that takes me everywhere I want to go in Southampton; I presently spend £22.50 on musical tuition per week (£10 for composition, £7.50 for singing, £5 for piano), hardly buy any new clothes, maybe £5/month in all, my mobile costs around £15/month, and there are no other major expenses I'd then face. My last estimate of living costs, yesterday, came to £195 per week; that was before I found this particular flat. There's even one for £400pcm including bills somewhere else too. And with £22.50 of that expenditure easily removed, it looks incredibly easy to live happily off less than £200 per week in this city. Indeed, whatever I'm earning, I'll stick to that level of expenditure, and then watch with an insufferable level of smugness when - not if, when - the chickens come home to roost on the wastrels around me.

My new ambition; become an outright homeowner by the time I'm 35. If I'm in continuous employment between graduation and then, this should be a doddle. If I need the state to live, I shall deservedly die.


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[info]daweaver
2008-07-05 08:56 am UTC (link)
Latest Political Compass score: (-0.25, -0.21).

(goes off and re-takes)

No significant change: still (-7.5, -6.5).

This has been at least partly sparked by the recent report from the Rowntree Foundation - which incidentally I think has an excellent basis in methodology but gets enough wrong to produce horribly skewed outcomes (like taking a council flat in Loughborough as the basis for housing costs).

Yes, an interesting report there. Dominic Lawson argued in yesterday's Indytab that here was an opportunity for the Conservative party to take the moral high ground.

I feel incredibly guilty to this day about claiming benefits, and having claimed them in late 2005, firmly agree with those who consider them excessive, especially given the other incentives provided for those on benefits.

When I was between jobs in 1996, I had no guilt about claiming the pittance, for it was an advance on future earnings. I've more than paid it back, with interest, over the years.

At my most reactionary I want to propose the removal of all benefits; at my more reasonable, I would call for their replacement with a set minimum Citizen's Income and no further assistance whatsoever. Tax would then be very low for low earners, and income tax would in fact be generally low, as the tax burden would be heavily shifted towards indirect taxes designed to shift consumption patterns.

This rings bells from somewhere...

(goes off and blows dust off)

Never knew that web pages could gather dust... Anyway, your proposals are identical to the fiscal policies of The People's Alliance, a short-lived political movement from March 2003. Mr. Pokery also wrote to the subject. The party's website has now been replaced by a G****ebomb.

Most claim the headline £13,400 figure is laughably inadequate, but I would find it remarkably easy to live on that in Southampton.

The study's objective was to find the lowest amount that could provide a reasonable standard of living. My suspicion is that they might have over-estimated a few things, but I'd be surprised if the actual figure were more than 10% away.

My new ambition; become an outright homeowner by the time I'm 35.

May I suggest that you alter that slightly, to be in a position to pay off debts on a house at short notice. It may be more profitable in the long run to leave money in an account earning 7% than paying off a mortgage at 6%.

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[info]sir_quirky_k
2008-07-05 10:42 am UTC (link)
In retrospect, this was a post made in quite the throes of self-flagellation and some form of depression. (That's psychological, not economic. The latter might be coming, mind... and on that note, doesn't that benefit proposal feel like those mega-loans from the credit bubble? 'Consolidate all your benefits into one single affordable monthly payment!' It never ceased to amaze me that Carol Vorderman advertised one of those, because even I could see the logical fallacy in them...) My tendency is to argue for policies precisely because they wouldn't help me; I snapped out of this somewhat when I realised that removing benefits would be virtually condemning to death (or nearly so) many people I care about, including EF (who has chronic fatigue syndrome/ME, and cannot be expected to work full-time; that she continues to study full-time is my single biggest argument against not doing so myself). That it would be equally disastrous for me is an argument for, not against, when I am in that state.

On living costs: they're in the right ballpark with £13,400, modulo huge variations in housing costs and smaller variations in other costs; my own expenditure is much higher for housing costs (that's what living within commuting range of London does) and quite a lot lower for just about everything else.

On financial goals: good spot, and a logic I've already applied to student loans and the myth that they are to be paid off at the first opportunity. The general principle remains, but that's mostly because I, more than most people, do depend upon the idea of A Place Of My Own as central to my state of well-being. Thanks, mum.

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[info]daweaver
2008-07-07 05:38 pm UTC (link)
doesn't that benefit proposal feel like those mega-loans from the credit bubble? 'Consolidate all your benefits into one single affordable monthly payment!' It never ceased to amaze me that Carol Vorderman advertised one of those, because even I could see the logical fallacy in them...)

Loan restructuring is appropriate for a very small number of people, who are experiencing a short-term dip in income but have a valid expectation of being able to service their debts in future years. The sort of thing that the Eurotunnel company could get away with while building the damned thing. Not many people bore for 22 miles in triplicate, though goodness knows some people try...

Loan resturcturing as advertised by a Lily Allen look-a-like dreaming of shopping bags (as seen on trains across the West Midlands a year or so ago)? Wronger than something very wrong, and the subject of an ignored snot-o-gram to Central Trains.

On financial goals: good spot, and a logic I've already applied to student loans and the myth that they are to be paid off at the first opportunity.

The only reason I paid mine off early was because I valued my time: deferring them was a two-hour form-filling and letter-writing exercise, not worth the small additional income.

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