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Previously on "1% of people in Britain have 70% of the country's wealth"
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Originally posted by threaded View Post
I should remember it, I've had to build pareto reports a few times in the past
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Originally posted by Spacecadet View PostThe 20:80 ratio of 20% of the population owning 80% of the wealth has been around for centuries.
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Originally posted by rootsnall View PostThe 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.
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The 20:80 ratio of 20% of the population owning 80% of the wealth has been around for centuries.
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Originally posted by DodgyAgent View PostThe 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.
1% of the country is worth having, and its occupied by 70% of the people
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Originally posted by DodgyAgent View PostWho would want to own a majority of Australia?
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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.
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Originally posted by DimPrawn View Posthttp://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.
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Originally posted by minestrone View PostI 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.
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Originally posted by DimPrawn View PostAccording 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.
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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.
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