DOOM: IFS calls for a fairer UK after Covid brings greater inequality

[BrilloPad]

Does it hell. The rich snap up all the property at rock-bottom prices.

The 2008 crash spurred on a new round of inequality gap boosting to show a microcosm of what a serious depression would do. Crazy thing is that you've got people living month to month while the long-term unemployed aren't affected because they live rent free and get their benefits increased with no fear of the sack. As long as they look like they're trying to find a job, they're covered.

2008 was a recession. We need a depression. Last one was ~90 years ago.

Mind you it does not help that people flauntilng their wealth get treated like social media heroes. You would expect them to be put in the stocks in Leicester square. I hear of a small backlask during this lockdown against "stars" posting from round the world(Dubai et all). More is needed.

[LondonManc]

Its been about 90 years now. We need a decent depression. Its the only way inequality gets fixed.

Does it hell. The rich snap up all the property at rock-bottom prices.

The 2008 crash spurred on a new round of inequality gap boosting to show a microcosm of what a serious depression would do. Crazy thing is that you've got people living month to month while the long-term unemployed aren't affected because they live rent free and get their benefits increased with no fear of the sack. As long as they look like they're trying to find a job, they're covered.

[BrilloPad]

Has anyone noticed how every attempt at making the country fairer over the last 50 years has simply lead to more inequality?

The hubris of utopianism strikes again.

Its been about 90 years now. We need a decent depression. Its the only way inequality gets fixed.

[TwoWolves]

Has anyone noticed how every attempt at making the country fairer over the last 50 years has simply lead to more inequality?

The hubris of utopianism strikes again.

[Hobosapien]

"A leading thinktank has called for action to make Britain a fairer country after its research ...
Eighteen months ago, the IFS launched a five-year study ...

Erm, they're a bit premature to be making conclusions.

Maybe they're feeling a bit left out of the billions of pounds of handouts the govermin are giving the old boys network left right and centre. Maybe they'll include that in their study.

Oh well, government insists the ever mounting national debt, with hundreds more billions projected to be added this year, is affordable due to the low interest rates. Anyone see a problem with that if looking further than the end of their nose.

[Old Greg]

Step 1 is to deny hospital treatment and vaccines to dodgy loan scheme contractors until they pay up in full with interest and penalties.

[darmstadt]

I thought that was what 'Big Society' was all about and Johnson has been banging on about doing this for ages which means it won't happen or he'll do a U-turn and it'll be back to Dickensian times

[BrilloPad]

At last! A decent aTw thread!

And the UK can start with keep house prices the same. While dramatically increasing average earnings.

Or universal income.

[DonaldJTrump]

Zager & Evans - In the Year 2525 - YouTube

[DonaldJTrump]

"A leading thinktank has called for action to make Britain a fairer country after its research showed that the Covid-19 pandemic had led to greater inequality.

The Institute for Fiscal Studies said the most vulnerable – those on lower incomes, the young, the least-educated and people from black, Asian and minority ethnic backgrounds – had been hit hardest by the crisis.

Covid-19 has “cruelly exposed huge variations in how easily we are able to weather threats to livelihoods, to educational progress, to physical and mental health”, the IFS said. “These disparities have been closely correlated with pre-existing inequalities between groups according to their education, income, location and ethnicity – in ways that are often hard to disentangle, but depressingly familiar.”

Eighteen months ago, the IFS launched a five-year study of inequality headed by the economics Nobel laureate Sir Angus Deaton. In a new year update, the thinktank said the pandemic had thrown up challenges that could not be ducked."

IFS calls for a fairer UK after Covid brings greater inequality | Business | The Guardian

This is the end, beautiful friend
This is the end, my only friend
The end of our elaborate plans
The end of ev'rything that stands
The end

[AtW]

"A leading thinktank has called for action to make Britain a fairer country after its research showed that the Covid-19 pandemic had led to greater inequality.

The Institute for Fiscal Studies said the most vulnerable – those on lower incomes, the young, the least-educated and people from black, Asian and minority ethnic backgrounds – had been hit hardest by the crisis.

Covid-19 has “cruelly exposed huge variations in how easily we are able to weather threats to livelihoods, to educational progress, to physical and mental health”, the IFS said. “These disparities have been closely correlated with pre-existing inequalities between groups according to their education, income, location and ethnicity – in ways that are often hard to disentangle, but depressingly familiar.”

Eighteen months ago, the IFS launched a five-year study of inequality headed by the economics Nobel laureate Sir Angus Deaton. In a new year update, the thinktank said the pandemic had thrown up challenges that could not be ducked."

IFS calls for a fairer UK after Covid brings greater inequality | Business | The Guardian