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1% of people in Britain have 70% of the country's wealth

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    1% of people in Britain have 70% of the country's wealth

    http://blogs.telegraph.co.uk/finance...g-world-level/

    According to consultants AT Kearney, the richest 1pc in the UK hold some 70pc of the country’s wealth. That there is this divide between rich and poor is not exactly new – but the scale of it, and the likelihood that it is not being narrowed by the financial crisis, is a big worry. Indeed, according to the report, in the US the amount of financial assets owned by the richest 1pc in the US is far, far lower at 48pc, and only 34pc in Australia.


    Not a lot of people know that.

    #2
    Originally posted by DimPrawn View Post
    http://blogs.telegraph.co.uk/finance...g-world-level/

    According to consultants AT Kearney, the richest 1pc in the UK hold some 70pc of the country’s wealth. That there is this divide between rich and poor is not exactly new – but the scale of it, and the likelihood that it is not being narrowed by the financial crisis, is a big worry. Indeed, according to the report, in the US the amount of financial assets owned by the richest 1pc in the US is far, far lower at 48pc, and only 34pc in Australia.


    Not a lot of people know that.
    I think the left wing have know this for a long long long time
    This default font is sooooooooooooo boring and so are short usernames

    Comment


      #3
      Originally posted by MPwannadecentincome View Post
      I think the left wing have know this for a long long long time
      They encourage it. Keep the proles poor and they'll follow the party line.
      Insanity: repeating the same actions, but expecting different results.
      threadeds website, and here's my blog.

      Comment


        #4
        Originally posted by threaded View Post
        They encourage it. Keep the proles poor and they'll follow the party line.
        WHS.

        Make your voters dependent on state handouts and tax-credits and you have a captive vote.

        Comment


          #5
          Originally posted by DimPrawn View Post
          Not a lot of people know that.
          The 1% must be very pleased with themselves.

          I think a good chunk of that 1% will have descended from landed gentry, so they have done a particularly good job to have preserved and then expanded their share of the pot.

          Comment


            #6
            I bet a very high proportion ( 30%->40% of adults maybe ) have next to no money at all. Enough to get them through to the end of the month. No savings, no equity no pension.

            Of course, it will be that group that will complain the most about this.

            Comment


              #7
              Originally posted by DimPrawn View Post
              According to consultants AT Kearney, the richest 1pc in the UK hold some 70pc of the country’s wealth. That there is this divide between rich and poor is not exactly new – but the scale of it, and the likelihood that it is not being narrowed by the financial crisis, is a big worry. Indeed, according to the report, in the US the amount of financial assets owned by the richest 1pc in the US is far, far lower at 48pc, and only 34pc in Australia.
              Bloody contractors, this all started under the Tories
              Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.

              Comment


                #8
                Originally posted by minestrone View Post
                I bet a very high proportion ( 30%->40% of adults maybe ) have next to no money at all. Enough to get them through to the end of the month. No savings, no equity no pension.

                Of course, it will be that group that will complain the most about this.
                Well compared to the rest of europe, 30-40% who can manage to get to the end of the month is actually a good score. In many EU countries a large majority of people can't make it after the 3rd week of the month.
                I've seen much of the rest of the world. It is brutal and cruel and dark, Rome is the light.

                Comment


                  #9
                  It's only fair...
                  "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                  Comment


                    #10
                    Originally posted by DimPrawn View Post
                    http://blogs.telegraph.co.uk/finance...g-world-level/

                    According to consultants AT Kearney, the richest 1pc in the UK hold some 70pc of the country’s wealth. That there is this divide between rich and poor is not exactly new – but the scale of it, and the likelihood that it is not being narrowed by the financial crisis, is a big worry. Indeed, according to the report, in the US the amount of financial assets owned by the richest 1pc in the US is far, far lower at 48pc, and only 34pc in Australia.


                    Not a lot of people know that.
                    The rich are not stupid. Who would want to own a majority of Australia. Most of it is snake and crocodile infested swampland, and the rest is made up of a few crummy houses surrounded by tin fences.
                    Let us not forget EU open doors immigration benefits IT contractors more than anyone

                    Comment

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