This Tory, sorry, May "policy" would probably, as an "average" earner, not hit me that hard, if I or my Mrs were
unlucky enough to get Dementia, but the problem with it is, that it isn't
fair, it's ill thought-out and, oh yeah, it isn't
fair!
Talking of fair and whether there are any "winners", this
3 year old article seems relevant...
"...the country's five richest families now own more wealth than the poorest 20% of the population.
a handful of the super-rich, headed by the Duke of Westminster, have more money and financial assets than 12.6 million Britons put together.
The early stages of the UK's most severe post-war recession saw a fall in inequality as the least well-off were shielded by tax credits and benefits. But the trend has been reversed in recent years as a result of falling real wages, the rising cost of food and fuel, and by the exclusion of most poor families from home and share ownership.
the poorest 20% in the UK had wealth totalling £28.1bn – an average of £2,230 each. The latest rich list from Forbes magazine showed that the five top UK entries – the family of the Duke of Westminster, David and Simon Reuben, the Hinduja brothers, the Cadogan family, and Sports Direct retail boss Mike Ashley – between them had property, savings and other assets worth £28.2bn.
The most affluent family in Britain, headed by Major General Gerald Grosvenor, owns 77 hectares (190 acres) of prime real estate in Belgravia, London, and has been a beneficiary of the foreign money flooding in to the capital's soaring property market in recent years... Grosvenor and his family had more wealth (£7.9bn) than the poorest 10% of the UK population (£7.8bn).
Oxfam's director of campaigns and policy, Ben Phillips, said: "Britain is becoming a deeply divided nation, with a wealthy elite who are seeing their incomes spiral up, while millions of families are struggling to make ends meet.
"It's deeply worrying that these extreme levels of wealth inequality exist in Britain today, where just a handful of people have more money than millions struggling to survive on the breadline."
The UK study follows an Oxfam report earlier this year which found that the wealth of 85 global billionaires is equivalent to that of half the world's population – or 3.5 billion people.
Oxfam said the wealth gap in the UK was becoming more entrenched as a result of the ability of the better off to capture the lion's share of the proceeds of growth. Since the mid-1990s, the incomes of the top 0.1% have grown by £461 a week or £24,000 a year. By contrast, the bottom 90% have seen a real terms increase of only £2.82 a week or £147 a year.
The charity said the trends in income had been made even more adverse by increases in the cost of living over the past decade. "Since 2003 the majority of the British public (95%) have seen a 12% real terms drop in their disposable income after housing costs, while the richest 5% of the population have seen their disposable income increase."
for the first time more working households were in poverty than non-working ones, and predicted that the number of children living below the poverty line could increase by 800,000 by 2020. It said cuts to social security and public services were meshing with falling real incomes and a rising cost of living to create a "deeply damaging situation" in which millions were struggling to get by.
The IMF recently released research showing that the ever-greater concentration of wealth and income hindered growth and said redistribution would not just reduce inequality but would be economically beneficial.
"On average, across countries and over time, the things that governments have typically done to redistribute do not seem to have led to bad growth outcomes, unless they were extreme", the IMF said in a research paper. "And the resulting narrowing of inequality helped support faster and more durable growth, apart from ethical, political or broader social considerations."
Phillips said: "Increasing inequality is a sign of economic failure rather than success. It's far from inevitable – a result of political choices that can be reversed. It's time for our leaders to stand up and be counted on this issue.""
Millions of
working families and individuals are tightening their belts and have falling living standards, with more to come, through no fault of their own, whilst the rich, many of whom
are at fault, get richer.
It seems that if you have a car, a house and a widescreen TV (or as it's more commonly know these days "a TV"), then you should be just be grateful that you're not living in a cellar or the fucking workhouse.
You may not have noticed, but most people are sick of seeing the few make-hay off the back of globalisation, whilst the many get worse off... Therefore, it isn't fair.
At last there's an actual choice to be had in this election, and many, like me, are right up for it. FTR I've only ever voted Labour once before. On June 8th it'll be the 2nd time.
I voted to remain in the EU, but I really could see what people's problems with the EU were/are. I understood that people felt out of control and left behind... but in the end I went for the safety first option. You might say I was being conservative, but now we're leaving and the game has changed massively!
We need to take back control of, profit from and invest in our utilities, infrastructure and people.
We need to reduce inequality/relative poverty because, not only is that fair, but as the IMF say "
narrowing of inequality helps support faster and more durable growth... apart from (those pesky)
ethical, political or broader social considerations."