Thomas Paine

Thomas Paine
"These are the times that try men's souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands by it now, deserves the love and thanks of man and woman."

Rich v Poor

13.09.2016: Soaring inequality in UK ‘contributed to Brexit’

From the Independent - richest one per cent in UK own 20 times more total wealth than the poorest fifth.

"The richest one per cent of the UK population now owns more than 20 times the total wealth of the poorest fifth, making the country one of the most unequal in the developed world, according to analysis by Oxfam.

The figures suggest that around 634,000 Britons are worth 20 times as much as the poorest 13 million and the charity urged Theresa May to take action to close the gap between the “haves” and the “have nots”.
The full article can read here.

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14.03.2016 Budget 2016: Wealth of super rich soars as the worst-off lose out, report says

From the Independent - analysis shows richest 1% of Britons have received more than a quarter of the £4trn increase in national wealth since 2000

"The super-rich have seen their wealth soar since the turn of the century while the worst-off have lost out, research has found, adding weight to calls for George Osborne to delay higher-rate tax cuts and target spare cash towards families on lower incomes.

In advance of Wednesday’s Budget, analysis by Oxfam reveals that the richest 1 per cent of Britons, a group solely comprising millionaires, have received more than a quarter of the £4trn increase in national wealth since 2000.

Meanwhile the Chancellor is preparing to announce a fresh round of cuts to public spending after he warned that the global economic outlook was at its bleakest since the financial crash of 2008."

The full article can be read here.

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19.01.2015 New Oxfam report says half of global wealth held by the 1%

From the Guardian - Oxfam warns of widening inequality gap, days ahead of Davos economic summit in Switzerland

"Billionaires and politicians gathering in Switzerland this week will come under pressure to tackle rising inequality after a study found that – on current trends – by next year, 1% of the world’s population will own more wealth than the other 99%.

Ahead of this week’s annual meeting of the World Economic Forum in the ski resort of Davos, the anti-poverty charity Oxfam said it would use its high-profile role at the gathering to demand urgent action to narrow the gap between rich and poor.

The charity’s research, published on Monday, shows that the share of the world’s wealth owned by the best-off 1% has increased from 44% in 2009 to 48% in 2014, while the least well-off 80% currently own just 5.5%."

"Oxfam made headlines at Davos last year with a study showing that the 85 richest people on the planet have the same wealth as the poorest 50% (3.5 billion people). The charity said this year that the comparison was now even more stark, with just 80 people owning the same amount of wealth as more than 3.5 billion people, down from 388 in 2010.

The full article can be found here.

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