And The Rich Get Richer Under "austerity"

[Canary42]

No doubt our Rightie contributors will see this as Leftie propaganda.

http://www.bbc.co.uk/news/business-33952393

"We've seen executive salaries pulling right away from the rest of society, creating this small elite of people that are just paid astronomically."

[Old_Geezer]

The politics of equity we really mean.

Why do I think it happens ? Because some find ways to extract more of society's wealth than they deserve for themselves, and have no conscience about doing so. Thus depriving of it.

[Old_Geezer]

...THE REST OF SOCIETY OF IT.

LIKE I $/^&/$#$/^^77&8 TYPED !

[tonyav]

Like these, OG.
http://www.bbc.co.uk/news/uk-politics-33947758

[Togo]

They are doing well av Not forgetting Blair, Mandelson, Prescott, Brown, et al.

[Ellipsis]

> We are now well into the 6th year of Tory or Tory-led rule, and the gap between rich and poor is growing

And that didn't happen under Labour! Oh wait ...

> No doubt our Rightie contributors will see this as Leftie propaganda.
> http://www.bbc.co.uk/news/business-33952393

That's a report from the same BBC that paid Jonathan Ross £6M per year! Don't they also have a problem in competing for "top talent"?

Most observers realise there's a problem with high pay for certain people who don't deserve it. But other people do deserve it. It's not really a Government issue, unless you're talking about public sector pay - e.g. some civil servants being paid more than the PM ...

[fiction-factory]

I think the gap widened more under Labour, though, mikey
http://leftfootforward.org/2014/10/inequality-where-labour-really-did-crash-the-car/

[mushroom25]

not entirely sure what the OP is expecting as a "solution" to the perceived inequality being highlighted. the previous administration were not prepared to, and this administration are probably even less likely.

if this issue is really as pressing as suggested, why were the labour party not elected not 3 months ago?

[tonyav]

Ah, speaking of Lord Mandelson Togo.
http://www.msn.com/en-gb/news/uknews/labour-leadership-lord-mandelson-tried-to-orchestrate-mass-resignation-of-centre-candidates-to-defeat-jeremy-corbyn/ar-BBlNqBb

[ludwig]

Jeremy Corbyn will eliminate all unfairness and inequality when he bcomes PM.

[struggles to keep straight face].

[fiction-factory]

Does anyone know of any nations that have managed to succeed in narrowing the gap over a long period? Russia and China used to try in theory but something clearly changed

[Svejk]

I'm pretty sure this divide is a fairly recent phenomenon. Say 20 years or so. Of course, there's always been a divide but not of this extent.

[Svejk]

Don't get me wrong, I'm not a communist, after all. I agree with pay differentials, just not to this degree.
And if people put their own money into a company I don't much care how much they make.

[fiction-factory]

Hi svjek- I agree it is still growing but I think it's always been there.
I think the gap was previously between those with inherited wealth (landowners) or a few very senior people (captains of industry) and the rest of us who were either poor or lower middle class (factory workers to teachers/nurses/office workers) but there has beena huge growth in middle class professions (solicitors, share dealers) and a few who have become rich from 'talents' in sport, entertainment, investing and setting up or leading successful businesses.

[lindapalmara]

Don't worry about it Canary. When Corbyn gets to be Prime Minister he'll take everyone down to the lowest common denominator.

I hate the super rich. How can anybody need all that money then want more by avoiding tax, and the most obnoxious word in the English language mis 'Billionaire as far as I'm m concerned.

[youngmafbog]

And Mickey blames the Tories for a Global phenomenon. Oh well.

There is no real problem here, the players are paid the market price, which in companies like this are driven globally. If the UK Execs were not paid correctly the good ones would simply go wherever in the world they could command a good price. At this level you are not tied to a country.

Politics of envy just about sums it up.

[youngmafbog]

And can someone explain to me what real austerity we have in this country?

Cutting our cloth and reducing waste I see, but that is not austerity it is simple common sense.

[mikey4444]

What I find amazing about this kind of argument, is that when Alistair Darling and the Labour Party did its bit to save our banking system from certain collapse, during a worldwide banking disaster, "it was Labour's fault"

But when the Tories try to do the same, its someone else's fault, because it is a "Global phenomenon"

[whiskeryron]

I reckon you & I should get together mikey I think we could sort the whole shebang out & have the Tories screaming for mercy.

[naomi24]

Linda, //I hate the super rich.//

I don’t. They have no effect on me whatsoever.

All this moaning is just sour grapes from people who think they want socialism/communism to rule but in reality have no idea what life for them would really be like if their wishes were realised. I can assure them right now they wouldn't like it - which is why all such regimes eventually collapse. Quite simply they don't work.

[mikey4444]

Ron...I agree...lets have a go !