By: Alex Dekker
Moneyman, Perhaps every kind of benefit, from JSA and tax credits through to free school meals [no really, why not educate kids about saving and investing?], should be paid as 90% cash, 10% ISA...
View ArticleBy: ermine
Fantastic summary of our predicament, it’s inspiring that in the midst of a multi-year recession people are finally starting to ask some of the fundamental questions about is the economy serving us...
View ArticleBy: SemiPassive
I don’t think taxation is as relevant as globalisation itself in what is truly driving the long term trend of the working and middle classes getting progressively poorer as their income drops relative...
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By: The Investor
Excellent comments everyone. Thanks for spending them time. @Accumulator — I’d support more worker involvement at higher levels in companies, and in general I’d support sensible attempts to curb...
View ArticleBy: hotairmail
Well, wealth inequality was also a feature of the Great Depression. As was the extent of ‘Globalisation’ of trade. In fact there are so many features that are similar between that time and ours that it...
View ArticleBy: Bret @ Hope to Prosper
My opinion is the super-rich have unprecedented access to our politicians and are able to cut deals others don’t get. For example, GE got a bailout, gets lots of government contracts, made billions of...
View ArticleBy: Soicowboy
Bear in mind that the rich getting (relatively) richer is the mathematical inevitability of compounding, even if earning the same ROI as the poor. Many of the super rich have made it to the hyperbolic...
View ArticleBy: The Investor
@Soicowboy — Agree to some extent. This is what’s so poisonous about the debate in the US, I feel. Most of those on the Democrat side — hardly rabidly socialist by European standards — are pretty much...
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By: ermine
> to curb the compounding impact over multiple generations. Crikey. Although I suspected it would happen as it becomes harder for the proles to accumulate wealth over a working lifetime, I didn’t...
View ArticleBy: Rob
@TheInvestor – “Second there is the phrase “Clogs to Clogs in three generations” which hints at how wealth tends to grow and fall, through business failure / subsequent recklessness. Why isn’t that...
View ArticleBy: Bret @ Hope to Prosper
The problem with raising the inheritance taxes is that families tend to lose their farms and businesses, while corporations slide by. I’m not sure it’s fair to take someone’s farm or force them to sell...
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By: ermine
> families tend to lose their farms and businesses @Bret agricultural land is in fact subject to agricultural relief from IHT for this very reason. There is of course the usual industry trying to...
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