Something quite sinister about the global financial crisis

[vetran]

I think not having to work is a good definition of who's rich and who isn't.

oops I did a SAS !

The Shocking Amount of Wealth and Power Held by 0.001% of the World Population | Alternet

Also the media constantly aligns people in work in the UK with those in LEDCs. Live on a dollar a day!

[d000hg]

More and more I'm seeing mention in the media of how the gap between the rich (the 1%) and the rest of us (the 99%) is wider than ever.

Why are the rich the 1%, not the 10%?

And is this true? The poor (in the UK at least) can get free medical & dental treatment, free education for their children, a roof over their head, enough money for food and clothing, and even in many cases enough left over for the odd luxury.

It seems to me the poor are far richer in our country than 100 years ago.

[vetran]

Why are the rich the 1%, not the 10%?

And is this true? The poor (in the UK at least) can get free medical & dental treatment, free education for their children, a roof over their head, enough money for food and clothing, and even in many cases enough left over for the odd luxury.

It seems to me the poor are far richer in our country than 100 years ago.

Depends on your definition of rich. UK is rich compared to LEDCs but <1% of people own most of the wealth in UK. Just as <1% of tax payers pay the significant amount of tax. Rich suggests you have more money than you need, not just more than most.

http://oxforddictionaries.com/definition/english/rich


currently yes UK people are richer better off than 100 years ago, however I suspect that will change. As the amount of significant tax payers dwindles then Benefits will become less generous. This is already happening but we are just borrowing to fund it. sooner or later even Wonga won't lend to us (though PFI was pretty close).

[doodab]

<1% of people own most of the wealth in UK. Just as <1% of tax payers pay the significant amount of tax.

I smell unsubstantiated twaddle.

[sasguru]

I smell unsubstantiated twaddle.

It's the usual suspect.

[amcdonald]

It's the usual suspect.

Keyser Söze ?

[vetran]

I smell unsubstantiated twaddle.

Indeed you do that is in the states.

UK: income inequalities - The Poverty Site

we have the richest tenth taking 31% of the annual income and the bottom tenth taking 1%.

and 40% of wealth

Richest 10% of UK households own 40% of wealth, ONS says | Money | The Guardian


However in the richest 1000 in the UK have raised their holdings by £35BN

Michael Meacher MP » Blog Archive » Richest 1,000 persons in UK have increased their wealth in last year by £35bn

which was my point, the smoke & mirrors suggest the top 10%, 20% are the problem but earning £60k is hardly being rich.

[vetran]

Keyser Söze ?

The greatest trick the devil ever pulled was convincing the world he did not exist.

OUSQ