Err, if you don't know the difference between Gross and Net ...
Mostly agree about the tax burden, but trust me, people in that area, earning that sort of money are not struggling.
Younger people earning that sort of cash won't be living in such a big house and their disposable income will be less because more of their earnings will be going towards mortages, but the difference between wondering whether to buy that £6 bottle of red rather than the one at a tenner, as opposed to worrying about putting food on the table and heating your gaff is very real.