ChatterBank0 min ago
5% population owns 95% wealth?
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Is this true and if so, why is there a financial problem? Surely the wealth could be dispersed more fairly.
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For more on marking an answer as the "Best Answer", please visit our FAQ.That figure could be true on a grand scale, I think in Western Europe the figure is somewhere like 20% owns 60%. In any case, what you're suggesting is socialism and is not the prevailing political or cultural system in this part of the world.
If you earn £20,000 a year, you are in the top 4% of the richest people on earth
http://www.globalrichlist.com/
Sooooo.... Should a figure, say £300 a week, be taken from a person earning £400 and distributed to the poor in the world? It'd still leave that person relatively wealthy, but it'd be impossible to survive with any quality of life
If you earn £20,000 a year, you are in the top 4% of the richest people on earth
http://www.globalrichlist.com/
Sooooo.... Should a figure, say £300 a week, be taken from a person earning £400 and distributed to the poor in the world? It'd still leave that person relatively wealthy, but it'd be impossible to survive with any quality of life
Communism doesn't work. It never worked in the Soviet Union and it still doesn't work in China. The rich in China are very rich and the poor are extremely poor.
An awful lot of people work very hard to become wealthy (a minority don't). Why should they give away everything they've worked hard for to someone who can't be bothered to work?
An awful lot of people work very hard to become wealthy (a minority don't). Why should they give away everything they've worked hard for to someone who can't be bothered to work?
I think this might be similar to the 80 20 rule. More info here:
http://en.wikipedia.org/wiki/Pareto_principle
http://en.wikipedia.org/wiki/Pareto_principle
Does it never occur to the whingers that of us who pay quite a lot of tax are actually the only ones paying for EVERYTHING in this country ...
Police, schools, hospitals, defence, social services ... WE are paying for them.
If we're talking about "fairness", maybe those of us who actually pay for the hospitals etc, should get first call on them when we need them !!!
Police, schools, hospitals, defence, social services ... WE are paying for them.
If we're talking about "fairness", maybe those of us who actually pay for the hospitals etc, should get first call on them when we need them !!!
Somebody once made a very sarcastic comment to a well-off friend of mine because she'd made an expensive purchase, exclaiming "How the other half live !!"
She immediately responded with the comment "Yes, and you ought to see how the other half work too."
I think that sums it up. Many of those who got their wealth, started off with nothing when they left education and built it up over a lifetime of increasing their skills, working hard and saving or investing prudently. I don't see anything wrong with that.
What I do see wrong with it is that the government now wants to rob them, via a massive Capital Gains Tax increase, of profits they've made out of investments made with money which has already been taxed once at source when it was first earned.
If those people had spent their money on expensiveholidays, booge, cigarettes or an otherwise luxurious lifestyle until they were broke and then had to be subsidised by state benefits they would have been treated better. I don't see how on earth this country will ever flourish if those who invest their savings in shares or other investments are treated worse than those who blue them on the 3.30 at Cheltenham.
She immediately responded with the comment "Yes, and you ought to see how the other half work too."
I think that sums it up. Many of those who got their wealth, started off with nothing when they left education and built it up over a lifetime of increasing their skills, working hard and saving or investing prudently. I don't see anything wrong with that.
What I do see wrong with it is that the government now wants to rob them, via a massive Capital Gains Tax increase, of profits they've made out of investments made with money which has already been taxed once at source when it was first earned.
If those people had spent their money on expensiveholidays, booge, cigarettes or an otherwise luxurious lifestyle until they were broke and then had to be subsidised by state benefits they would have been treated better. I don't see how on earth this country will ever flourish if those who invest their savings in shares or other investments are treated worse than those who blue them on the 3.30 at Cheltenham.
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