Britain’s 1,000 richest persons made gains of £155bn in last 3 years

Discussion in 'The Intelligence Cell' started by BoomShackerLacker, May 6, 2012.

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  1. Meacher's blog:

    Michael Meacher MP » Blog Archive » Britain’s 1,000 richest persons made gains of £155bn in last 3 years

    The Sunday Times Rich List, published today and compulsory reading for anybody who wants to understand Britain’s power structure today, holds three extremely significant conclusions. One is that the 1,000 richest persons in the UK have increased their wealth by so much in the last 3 years – £155bn – that they themselves alone could pay off the entire UK budget deficit and still leave themselves with £30bn to spare which should be enough to keep the wolf from the door. The second, even more staggering, is that whilst the rest of the country is being crippled by the biggest public expenditure and benefits squeeze for a century, these 1,000 persons, containing many of the bankers and hedge fund and private equity operators who caused the financial crash in the first place, have not been made subject to any tax payback whatever commensurate to their gains. This is truly a government of the rich, by the rich, and for the rich.
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  2. Sounds more like "there is money to be made out there if one can be bothered to get off one's arse and get it"
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  3. This is exactly the nub of it. And if we don't adjust the timing, as it were, on the ecomomic/capitalist engine that powers our society it will explode in a shower of broken parts.

    In the US, where the Disrict of Columbia for example has an infant mortality rate worse than Botswana, the richest 1,500 people combined trousered more money than Brazil.

    It can't carry on like this and if we don't sort things out we'll all be in the shit eventually.
  4. If we had a good free market system I'd agree.
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  5. Meacher. Is that the same bloke who has been sitting in Parliament for the last 42 years and been part of the system that sets the standards and rules for our society?
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  6. That would be the case if the UK was a true meritocracy. But it's not. There are so many highly talented folks out there who'll never even get a look-in because they're not part of the closed-circuit back-scratching stratum of UK society that makes sure that all the plum jobs go to their friends and offspring and effectively excludes any "outsiders".

    By the way, the article is a bit misleading. The richest 1,000 folks in the UK have a total wealth of 420 billion quid. That's more than enough to pay off the UK "debt" - since it doesn't really exist and in no way warranted all the savage cuts that we were told were necessary to fend off a disaster. It's well worth doing some research on "UK debt" just to see how the ruling class is ******* us normal folks over to enrich themselves.


  7. Poor Ireland - transformed from a nation of subsistence farmers to a fully-functioning Celtic tiger in only a few years, and all the fault of those rich folk.

  8. ..... and back again.
  9. That's the other Michael Meacher :8)
  10. I look forward to your account of how you made it into the upper reaches of wealth in this country through ability and effort alone.

    Yes, those attributes can take you places - but how many of these people actually produced anything of merit let alone something that justifies their holdings?
  11. davidflies

    davidflies War Hero Book Reviewer

    What is the debt, and to whom is it owed? Never have really worked that one out.

  12. He doesn't live in Ireland. He's in Nottingham.