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

[OwlHoot]

Much of the disparity is a residual effect of William the Conqueror's monkeysphere

[Spacecadet]

Pareto Principle.

Thats the one
I should remember it, I've had to build pareto reports a few times in the past

[threaded]

The 20:80 ratio of 20% of the population owning 80% of the wealth has been around for centuries.

Pareto Principle.

[Paddy]

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.

Yes, and much of the land taken away from the common folk and given to the Gentry. This practice still existed in the 1920s and 30s until the 50s Huge chunks of common land were given away as rewards. The land became very valuable building land from the 1950s onwards. People were evicted from there former homes on former common land in the 1950s when the land came into private ownership.

[Spacecadet]

The 20:80 ratio of 20% of the population owning 80% of the wealth has been around for centuries.

[EternalOptimist]

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.

it's mostly desert you fool.

1% of the country is worth having, and its occupied by 70% of the people

[Mich the Tester]

Who would want to own a majority of Australia?

King George III

[Mich the Tester]

This would never have happened under the tories.

[xoggoth]

Most of Australia is swampland? Bloody hell! this climate change is sure hitting hard. Sounds like heaven anyway, miles of wilderness full of nice little snake and spiders, no stinky people.

[Pogle]

Eat the Rich

[DodgyAgent]

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.

[scooterscot]

It's only fair...

[Francko]

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.

[darmstadt]

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

[minestrone]

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.