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Britain’s richest are even better-off – but how did they get that way?

18 Sunday May 2014

Posted by Mike Sivier in Business, Conservative Party, Cost of living, Liberal Democrats, People, Politics, Poverty, Tax, UK

≈ 15 Comments

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austerity, avoidance, avoiding, Briton, Conservative, David Cameron, government, list, living, low, Mike Sivier, mikesivier, minimum, parasite, people, rich, selfish, Sunday Times, tax, Tories, Tory, Vox Political, wage, wealth


inflation

The Sunday Times Rich List has confirmed what some of us have been saying for years – that Austerity has funnelled Britain’s money into the hands of a very few, very selfish people.

The 1,000 richest Britons now own one-third of the nation’s gross domestic product, with their combined wealth rising from last year’s total of £449,654,000,000 to £518,975,000,000.

That’s an increase of 15.4 per cent, an average rise of £69,321,000 each and an average income of 518,975,000.

Average wages in the UK are stagnant at around £26,500, with average pay for the lowest earners having fallen by 14 per cent since David Cameron’s Tory government got its nose in the trough in 2010.

There are only two points to make from this.

Firstly, bearing in mind Gary Barlow’s recent appearances in the news for taking part in a tax avoidance scheme: How many of these 1,000 very rich people are participants in the same or similar – legal – procedures for avoiding tax? How many of them pay the full 45 per cent and how many only throw one per cent into the national pot (from which they get as many public services as the rest of us)?

Secondly, bearing in mind that many of these people take their money from very large corporations who employ very many people, how many of them pay very low wages to their employees?

The answers should provide enlightenment – not only on these people and their reasons for living in Britain, but on the policies of a government that intentionally impoverishes the defenceless in order to make this country more attractive to these fellow parasites.

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