Tuesday, August 05, 2008

The reality of the real world

From the Guardian ;

The top 10% of income earners get 27.3% of the cake, while the bottom 10% get just 2.6%

Twenty years ago the average chief executive of a FTSE 100 company earned 17 times the average employee's pay; now it is more than 75 times

Since Labour came to power in 1997 the proportion of personal wealth held by the top 10% has swelled from 47% to 54%.

Tax consultants Grant Thornton estimated that in 2006 at least 32 of the UK's 54 billionaires paid no income tax at all.

"We now live in a separate economy, we live on a separate level to the vast majority of people in the country. We don't send our kids to the same schools, we have more choice over schools, we have more choice over health, we have more choice over where we live, we have more choice over where we go on holiday and what we do for our jobs. And we live in a completely different world to the people we live next door to."

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