Double Dip Recession, what double dip recession? It seems that for the privileged 1% it s business as usual.
For more than a year people have been claiming that as the poor continue to sink into deeper poverty and debt the rich continue to rise into obscene wealth. Well today's Sunday Times Rich List certainly confirms the suspicion.
Figures pertaining to the UK show that the combined worth of the country's 1,000 wealthiest people is £414bn, up 4.7%. Their welath has set a new record as it exceeds the level last seen in 2008, before the financial crisis.
Some will be quick to defend those on the rich list maintaining that there is nothing wrong with wealth and that it will help the UK economy. Most of us will hold a different view. If that was the case unemployment in the UK would be dropping as new jobs were created. Whilst earning money and becoming wealthy is nothing to be ashamed of it does depend how such wealth is achieved.
Take the UK banker who paid himself a massive bonus as he continues to shed jobs by the bucket load. Take the UK Spring budget which cut the taxes of the rich at the expense of pensioners. The same budget which stack the odds in favour of the wealthy of the UK in so many ways.
When you look at the UK Coalition's track record of government it is easy to see how the rich are getting rich in the UK whilst the poor get poorer. Perhaps the UK electorate would like to take note for the elections on Thursday. Use your vote no matter whether you feel our politicians are all worthless or not. There is always who you consider the lesser of the evils after all.
It may only be the local elections but voting is one way to send a clear message to Westminster that enough is enough.
More here
Tags: UK politics, UK rich list, Times rich list, poor get poorer, UK local elections, rich get richer
For more than a year people have been claiming that as the poor continue to sink into deeper poverty and debt the rich continue to rise into obscene wealth. Well today's Sunday Times Rich List certainly confirms the suspicion.
Figures pertaining to the UK show that the combined worth of the country's 1,000 wealthiest people is £414bn, up 4.7%. Their welath has set a new record as it exceeds the level last seen in 2008, before the financial crisis.
Some will be quick to defend those on the rich list maintaining that there is nothing wrong with wealth and that it will help the UK economy. Most of us will hold a different view. If that was the case unemployment in the UK would be dropping as new jobs were created. Whilst earning money and becoming wealthy is nothing to be ashamed of it does depend how such wealth is achieved.
Take the UK banker who paid himself a massive bonus as he continues to shed jobs by the bucket load. Take the UK Spring budget which cut the taxes of the rich at the expense of pensioners. The same budget which stack the odds in favour of the wealthy of the UK in so many ways.
When you look at the UK Coalition's track record of government it is easy to see how the rich are getting rich in the UK whilst the poor get poorer. Perhaps the UK electorate would like to take note for the elections on Thursday. Use your vote no matter whether you feel our politicians are all worthless or not. There is always who you consider the lesser of the evils after all.
It may only be the local elections but voting is one way to send a clear message to Westminster that enough is enough.
More here
Tags: UK politics, UK rich list, Times rich list, poor get poorer, UK local elections, rich get richer
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