Dagelijks archief: 21 mei 2020

Under cover of capital gains, the hyper-rich have been getting richer than we thought | Polly Toynbee

A new report reveals the true wealth of the top 1%. Some hope coronavirus will even things out – but don’t bank on it

Ever since 2010, the government has claimed we have been “all in this together” during the lost decade of austerity. Rich and poor alike are taking a hit; that was what they told us.

When anyone complains of “rising inequality” – because that’s how it feels for so many people – the Tories and their commentariat brandish official statistics showing it’s not so. The dial on the Gini coefficient hasn’t shifted for years, they claim. The Gini coefficient is measured between 0 and 100 – with 0 indicating that income is shared equally among all people and rising to 100 in extreme income inequality. The story was that the rich also took a beating in this long period of austerity imposed by successive Tory governments – and they didn’t get richer.

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Geplaatst in Internationaal, Nieuws, The Guardian | Reacties uitgeschakeld voor Under cover of capital gains, the hyper-rich have been getting richer than we thought | Polly Toynbee

Top 1% of British earners get 17% of nation’s income

Analysis shows top of society get larger slice of income than previously thought

The highest paid 1% of British earners received nearly 17% of all the country’s income ahead of the Covid-19 crisis, according to a study making allowance for the concentration of taxable capital gains among the better off.

Analysis by Warwick University, the London School of Economics and the Resolution Foundation of previously confidential HMRC data showed that the top 1% had a growing and much bigger slice of income than previously thought.

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Geplaatst in Internationaal, Nieuws, The Guardian | Reacties uitgeschakeld voor Top 1% of British earners get 17% of nation’s income