Reply to: One in ten UK households are now millionaires

[Paddy]

High property values are an excuse to tax people. If you are the ten percent who are property millionaires; it is the equivalent of having Old Kent Road in Monopoly, the one percent have Mayfair, Park Lane , Bond Street Waterworks, unities jail and are constantly re-writing the community chest and chance.

[vetran]

But there is also a great wealth disparity among households. In the 55-64 age group, one in ten households have less than £29,000 in assets.
"This figures includes their furniture, their clothes and their car," said Prof Hills. "It means that really they are approaching retirement with virtually nothing to rely on except the state pension."

question is are these the long term unemployed, the low paid or people who spent the lot?

[OwlHoot]

You should read Boomsday - the idea is that when people hit a certain age, they can opt to be euthanised, in return for certain tax breaks and incentives for their family.

In 50 or 100 years wrinklies will be incentivised one way or another (including the threat of impoverishment and fatal neglect) to volunteer for manned missions to places like the Moon or Mars or even further afield.

Although robots will get smarter humans will still be needed on the ground, to claim territory in the name of their countries of origin, and oldies will benefit from the lower gravity. Also it won't matter so much if their DNA is shot to b*ggary by cosmic radiation during the journey, or for that matter if they die of old age en route.

[sasguru]

Are there enough colour pictures in it to keep CUK General readers interested for more than 5 minutes?

Some very grey graphs.

[d000hg]

Hey Dim, on a completely different subject, you should get Nate Silver's "The Signal and the Noise".
In it he addresses 2 of your biggest interests: Climate change and Stock Markets from a statistical point of view. No maths required, it's a popular book for the general reader

Don't say I'm never helpful ...

We get to blame the bankers for climate change? Sound's like Milliband's wet dream.

[AtW]

Hey Dim, on a completely different subject, you should get Nate Silver's "The Signal and the Noise". No maths required, it's a popular book for the general reader

Are there enough colour pictures in it to keep CUK General readers interested for more than 5 minutes?

[AtW]

Now I know why I feel like nine-in-ten... bummer.

Nothing Quantitative Easing can't fix...

[sasguru]

Hey Dim, on a completely different subject, you should get Nate Silver's "The Signal and the Noise".
In it he addresses 2 of your biggest interests: Climate change and Stock Markets from a statistical point of view. No maths required, it's a popular book for the general reader

Don't say I'm never helpful ...

[istvan]

One in ten UK households are asset millionaires - Telegraph

This time next year Rodders!

Now I know why I feel like nine-in-ten... bummer.

[TheFaQQer]

You are probably worth more dead to the Govt than alive

You should read Boomsday - the idea is that when people hit a certain age, they can opt to be euthanised, in return for certain tax breaks and incentives for their family.

[SimonMac]

You are probably worth more dead to the ClientCo than alive

[NorthWestPerm2Contr]

You are probably worth more dead to the Govt than alive

Perhaps the govt should open up a new assassination dept to help bring the deficit down by bringing in more tax revenue through inheritance etc.

[AtW]

Paper wealth though innit, on paper I am worth a fortune, dead even more!

You are probably worth more dead to the Govt than alive

[DodgyAgent]

Paper wealth though innit, on paper I am worth a fortune, dead even more!

Sorry Mac we love you dearly but business is business

[SimonMac]

Paper wealth though innit, on paper I am worth a fortune, dead even more!