Time to tackle inequality!

This video explains how it is possible and how other countries are capable of doing it. We can't go on like we are for much longer!

I can`t open the link.

Try:

It's the first few words that stop it

I can`t open the link.

Edited, should work now.

---------- Post added 18-10-2014 at 14:23 ----------

Here's another video that explains how most of us don't actually realise how bad things actually are in the UK!

Edited, should work now.

 

---------- Post added 18-10-2014 at 14:23 ----------

 

Here's another video that explains how most of us don't actually realise how bad things actually are in the UK!

 

If the average joe doesn't realise how bad it is in the uk, perhaps it isn't a massive issue?

If the average joe doesn't realise how bad it is in the uk, perhaps it isn't a massive issue?

The average Joe collects top up's from the government so doesn't think about it. The fact is, this system is going to collapse if things carry on. We can't afford to support the top 1% much longer!

This video explains how it is possible and how other countries are capable of doing it. We can't go on like we are for much longer!

 

very simplistic no sources quoted where is the data?

and to also quote from the comments/

This video is quite misleading. Yes, income inequality in the UK is greater than in many areas of Europe. However, that average income figure you mentioned AND average disposable income is far greater than almost all of Europe. In fact, the UK is doing better in this respect than all of the countries you highlighted at 2:14. Some of those countries are doing worse than us by a pretty massive amount too: the average wage in France, renown for it's strong pro-equality taxation policies, is $10,000 USD lower than in the UK.

Incomes are indeed divided "much more evenly" in those countries, but that doesn't mean that everybody else is richer while the rich are slightly poorer, as you claim in this video (despite the fact that it is provably untrue with a quick google search). That just means that those countries have less rich people living in them for tax reasons (eg: Wealth tax caused a brain drain in France, Financial Transaction Tax caused a trade exodus in Sweden), meaning that the overall income equality is greater without actually leaving anybody better off. If anything, it hurts the people in the middle and at the bottom because less rich people means less supply in the economy and less tax income for the government in the long run (France's aforementioned wealth tax actually cost them money in the long run + the US lost $8 million in tax revenue and destroyed jobs when they increased taxes on luxury products in 1990).

Is income inequality still a problem? Of course. However, the solutions implied in this video (i.e: we should be modelling ourselves on mainland Europe) are way too simplistic. There's a mounting pile of evidence to suggest that these simplistic "tax the rich people more" solutions don't solve anything, and only leave the rest of us worse off. 

very simplistic no sources quoted where is the data?

and to also quote from the comments/

 

This video is quite misleading. Yes, income inequality in the UK is greater than in many areas of Europe. However, that average income figure you mentioned AND average disposable income is far greater than almost all of Europe. In fact, the UK is doing better in this respect than all of the countries you highlighted at 2:14. Some of those countries are doing worse than us by a pretty massive amount too: the average wage in France, renown for it's strong pro-equality taxation policies, is $10,000 USD lower than in the UK.

 

Incomes are indeed divided "much more evenly" in those countries, but that doesn't mean that everybody else is richer while the rich are slightly poorer, as you claim in this video (despite the fact that it is provably untrue with a quick google search). That just means that those countries have less rich people living in them for tax reasons (eg: Wealth tax caused a brain drain in France, Financial Transaction Tax caused a trade exodus in Sweden), meaning that the overall income equality is greater without actually leaving anybody better off. If anything, it hurts the people in the middle and at the bottom because less rich people means less supply in the economy and less tax income for the government in the long run (France's aforementioned wealth tax actually cost them money in the long run + the US lost $8 million in tax revenue and destroyed jobs when they increased taxes on luxury products in 1990).

 

Is income inequality still a problem? Of course. However, the solutions implied in this video (i.e: we should be modelling ourselves on mainland Europe) are way too simplistic. There's a mounting pile of evidence to suggest that these simplistic "tax the rich people more" solutions don't solve anything, and only leave the rest of us worse off. 

Fair enough, but that doesn't change the fact that income for the top 1% continues to rise while the income for the rest of us hasn't.

Fair enough, but that doesn't change the fact that income for the top 1% continues to rise while the income for the rest of us hasn't.

But in many cases I'm not sure how you'd stop that. Stop buying/using stuff they produce/own would be the short answer and people boycotting Starbucks over corporation tax worked to a certain extent. I'm not sure what you expect governments to do though apart from the standard cry of tax rich people.

They need to stop loopholes and dodgy Vodafone-esque deals.

But in many cases I'm not sure how you'd stop that. Stop buying/using stuff they produce/own would be the short answer and people boycotting Starbucks over corporation tax worked to a certain extent. I'm not sure what you expect governments to do though apart from the standard cry of tax rich people.

 

They need to stop loopholes and dodgy Vodafone-esque deals.

Tax the rich. It's a myth that these people create jobs for us. The middle class and the poor create jobs. Without money in our hands, we don't buy things, if we don't buy things, the rich can't create jobs. This is what's happening in the UK and the US, amongst other places.

See this video -

Tax the rich. It's a myth that these people create jobs for us. The middle class and the poor create jobs. Without money in our hands, we don't buy things, if we don't buy things, the rich can't create jobs. This is what's happening in the UK and the US, amongst other places.

 

See this video -

and how do you think the rich would react to that?

and how do you think the rich would react to that?

If we don't tax them, what do you think will happen??