Inequality
Big pay rises at top British companies
The 100 best-paid chief executives of British companies were paid £4.3 million each on average last year, an increase of 13 per cent on 2011, research has found.
Cutting top rate taxes makes the rich richer. And that’s it
So, cutting taxes just makes the rich richer. And that’s it. And since we know inequality harms society these tax rates, it follows, are harmful to us all – the rich included.
The greed of the executives and their cosiness to government enables high pay culture
So it is not the acquiescence of the general population that enables executive pay and levels of inequality to keep increasing. It is the greed of the executives themselves, and their cosiness with a government too weak to take them on.
True ‘austerity’ would require those at the top to shoulder a much greater burden
Rather than making society’s most vulnerable members carry the can, true 'austerity' would require those at the top to bear the much greater burden, in order to bring down increasingly obscene levels of unequal wealth.
Inequality stat of the day
Inequality stat of the day.
Bank of England confirms rich made richer by QE
Will a politician have the courage to make the case for measures to deliberately redistribute from rich to poor if only to correct the redistribution that has taken place in the opposite direction as a result of QE?