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The richest one per cent.


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According to? And what level of inequality?

 

I measure equality by opportunity, not by income - this country happens to be enormously equal from the opportunity perspective and not anywhere near as in-equal by income as some people in this thread would have us believe.

If you think that this Country is equal in opportunity then you should compare being born on the Manor and educated at the local comp.or being to the Manor born and having your education booked at the finest public schools money can buy.

Thats equal int it!

 

---------- Post added 02-02-2015 at 11:34 ----------

 

We've established much earlier in the thread that the richest 1% includes about 4 million British people, anyone with net wealth above approx 550k.

I have said it many times on this thread, Anyone on over £50,000 per year is very rich indeed.

The problem is most do not know it.

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And who says that you have to take on debt? It is all about decisions.

 

We are now all indebted to the banks, thanks to the various government bailouts and everyone of us is paying the price.

 

As for personal debt, if you simply want to go to University you will end up with £27,000 of debt plus interest and living costs, average £40,000.

 

If you're lucky enough to get a Mortgage for somewhere to live, often cheaper than renting, it is also a debt for which you will pay several times the value of your house to the banks.

 

So a mountain of debt just for somewhere to live and an education.

 

At the other end of the scale, of you are made unemployed you will have to wait several weeks before you receive any income, (either through finding a job or benefits,) by which time living expenses / debts will have mounted up very quickly.

 

Not exactly feckless spending, or, arguably, much of a choice.

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We are now all indebted to the banks, thanks to the various government bailouts and everyone of us is paying the price.

 

As for personal debt, if you simply want to go to University you will end up with £27,000 of debt plus interest and living costs, average £40,000.

 

If you're lucky enough to get a Mortgage for somewhere to live, often cheaper than renting, it is also a debt for which you will pay several times the value of your house to the banks.

 

So a mountain of debt just for somewhere to live and an education.

 

At the other end of the scale, of you are made unemployed you will have to wait several weeks before you receive any income, (either through finding a job or benefits,) by which time living expenses / debts will have mounted up very quickly.

 

Not exactly feckless spending, or, arguably, much of a choice.

 

Student loans don't have to be paid until you earn over 21K..most will never be fully repaid,,university is a choice..it's an investment in yourself..

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