The latest incomes data shows bankers still getting obscenely high remuneration and whopping big bonuses, yet they are being overtaken by another group within the finance sector. Fund managers have now overtaken the pay and bonuses of bankers, though they’re keeping it very quiet. They say there’s no need for customers (i.e. the investing public) […]
Posts Tagged ‘Inequality’
If you think bankers are greedy and self-interested, you should meet fund managers
Mar 4th, 2015 by Jon Lansman.
Worse than the tax evasion is the stench of class society
Feb 18th, 2015 by Michael Meacher.There could hardly be a more poignant vignette of Britain today than the hidden truths revealed by the HSBC Swiss bank. Five years after this colossal tax evasion and avoidance scam was known to the UK authorities, there has been 1 prosecution. At the same time, in just one of those 5 years (2013), no […]
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The detritus of neoliberal capitalism
Feb 14th, 2015 by Michael Meacher.The HSBC Swiss bank is not an isolated episode. It is part of a general pattern exposing the underlying ideology which has been globally dominant over the last three decades. That ideology has been about consolidating the power and wealth of the world’s richest class, particularly in the West. It is based around the idea […]
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Why isn’t inequality a central issue in this election?
Feb 4th, 2015 by Michael Meacher.Inequality ought to figure much more sharply in this election than it has done so far. The reasons are obvious: the grotesque injustice in the widening gap between the top 1% (and more particularly the top 0.1% and most of all the top 0.01%) and the rest of us; the way that austerity has been […]
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This government is more class-ridden than Thatcher’s
Feb 3rd, 2015 by Michael Meacher.Yesterday’s report that the government has exempted developers who turn an empty building into private housing from having to build further affordable housing not only gives super-rich investors like the Abu Dhabi investment fund a free windfall of hundreds of millions of pounds, it also deprives some of the poorest families of the affordable housing […]
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Why the objectors to a citizens income are wrong
Feb 1st, 2015 by Phil Burton-Cartledge.The first rule of polemic is if you’re going to argue against someone’s position, at least do it in an intellectually honest fashion. Falling short of this is Sally Gimson’s piece on Progress. Sally attacks the Citizen’s Income on the grounds that because Charles Murray, author of the notorious and reviled The Bell Curve, and […]
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Unequal Britain – one million millionaires, another million depend on foodbanks
Jan 30th, 2015 by Michael Meacher.The latest report on UK wealth has just discovered that there are 840,000 persons in the UK who are dollar millionaires (i.e. have assets of at least £660,000 excluding their main home) and that this number is expected to reach a million $millionaires within 3 years. That’s the same year when average wages are predicted, […]
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Obama imposing $300bn levy on banks & hyper-rich: how about UK?
Jan 20th, 2015 by Michael Meacher.It is remarkable that in the citadel of capitalism Obama has just unveiled a plan to impose a levy on the biggest banks and on the wealthiest families that is expected to raise $300bn, yet in Europe any such idea is taboo. In the US the new tax is being crafted to affect only the […]
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Tories revert to their age-old policy of stopping the poor breeding
Jan 19th, 2015 by Michael Meacher.Occasionally the mask slips and the truth becomes clear. We had already been told that the Tories planned to limit child benefit to the first two children because it would save money. Then IDS (Iain Duncan Smith) let the cat out of the bag: he said it would promote “behavioural change”. This element in the […]
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Is Thatcherite ideology working?
Dec 19th, 2014 by Jon Lansman.In a general election a great number of things will be said, but only a few or even one really matters and that will determine who wins. This 2015 election is in effect a referendum on Thatcherite ideology. Here is what Labour should be saying, but isn’t. Point 1: For 35 years since 1980 the […]
