UK Is the most unequal developed country

[Jack_green]

The Scale of Economic Inequality in the UK | The Equality Trust

The UK has the 7th most unequal incomes of 30 countries in the developed world, but is about average in terms of wealth inequality. While the top fifth have nearly 50% of the country's income and 60% of the country's wealth, the bottom fifth have only 4% of the income and only 1% of the wealth.

equalitytrust.org.uk

Wages are lower than 20 years ago, inequality is racing ahead leaving most behind.
People are paying more taxes than ever, quality and service are bordering 2nd world.

"The UK has a very high level of income inequality compared to other developed countries."

 

[Jack_green]

Read that the millennial generation has a big rich to poor divide than ever. But more are in the bottom than before too.
We all know the wealth divide is growing via inheritance and the growth of super high paid jobs (especially in tech) but the lowest paid always battling with inflation and housing.

Its going to be grim for people waiting for 70 to get a state pension but being to sick to work in their 60s added on top a broken or non existent NHS...


Not going to pleasant for so many people

If it has to be paid back then expect worse living standards than Romania when they had to pay back the debt. The UK debt is massive, it's expenses are just getting wider.

It will be worse than the 70s, even if it does not feel like it.
Additional link, describing your post.
Cant seem to edit so placed it below.

An intergenerational audit for the UK • Resolution Foundation

www.resolutionfoundation.org

 

[Jack_green]

inequality of wealth and opportunities by area is certainly very obvious

The wages have not kept up, life expectancy has dropped, now with an attack on the welfare system it's becoming more painful.


How is the UK going to pay it's debts.

 

[Jack_green]

Yes. Topping yourself is serving your tory overlord dream.


Soon more people are going to twig it's probably better to sell up and move to a cheaper country.
Take a 500k+ house to somewhere dirt cheap and you'll probably get better health care, hotter weather so less heating bill etc etc.

Without an NHS, without a pension until 70, and who knows how much inflation will have destroyed your private pension benefit.. Its going to be grim


Hard to have sympathy for today's pensioners knowing what's coming.

One reason why we are selling up and moving.
I not willing to pay towards the UK debt that made Cameron and others rich.
We all know the pension system will disappear, and why they are going to increase private contribution.
It is a complete disaster, Taxes everywhere they can, asset stripping in every industry.

 

[Jack_green]

Its particularly concerning I have to say.
For me it's that dying nhs and ever further away pension.

I mean the inflation in just the last few years has meant people think they need 50pc more pension pot. That's inviable. You can't keep up with that unless you have mega salary.

Does feel like a sinking ship

I look to my dogs insurance as a taste of what's to come.
Cheap when young. Just like now.. Company provides private my medical.

How much does it cost when your dog gets to 9? Much much more and not even 100pc funded.

Ramp that up to humans.. Yeah..people will just die I guess.
The American system is coming.. Without the American wages premium.
Its the worst parts of both. Our lower wages and higher tax and their public health system.

Worrying point is the deficit, it will need high taxes for the next 30 years to pay it off.
Then add in money leaking out of the country as most of the state servicing companies are not even British.

They allowed other countries to rape our system for personal gain.
As you say we are on the way towards an American system, but much worse as we don't have the industry any more.

Something like 20% of our debt it owned to China it just so sad. Globalisation is the major contributing factor. You can't have
global equilibrium without many losers.

Anglo American is about to be sold off, bloody disaster.

 

[Jack_green]

It might sound a bit grim and slightly irrelevant/ott, but if I was stuck with state pension and told I needed to work into my 70's I'd rather off myself.

The only working people in that scenario are probably going have health issues, and given how we handle the disabled/ill in the UK? I have little faith that anything is going to improve regardless of which poopshow gets voted in.

But that's what they want. The British system now it about if your old and not working then they hope you die off.

The British had a good advantage over the rest of the world and they lost it.

I still don't get why they are not on the streets marching. I think they have a tutor era mentality.

This is how the British should be.

Ireland: Fires, pepper spray and clashes with police as anti-migration protests erupt in County Wicklow

With anti-immigrant protests in Ireland becoming increasingly violent, the UK government and its controversial Rwanda policy are firmly in the spotlight.

news.sky.com

 

[Jack_green]

I'm not sure he even looked at the charts:

It's a bit of a nothing burger...

We should be worried more about the lack of housing (and affordability of housing) and the inability of the government to deliver on infrastructure whether high-speed rail or nuclear power etc.. Both of these are mostly self inflicted red tape issues.

Ok I'll rephrase it, is one highest to keep you happy.
They are not red tape issues, but the price of land, population issues, wages and taxes.

We can longer build on the same scale as we did in the 50s and 60s.

The UK does not have the money to build infrastructure.
Look at HS2 can't even afford to build it and this is probably less than 1 % of our entire rail network. The UK managed to build an entire rail network with no problems.

The country is broke, government cant give local councils money because they hardly have any.

This will continue until a point were it can't be hidden.

2 nd largest city is broke.

People in my industry are leaving at an alarming rate. Heading to China, US, Isreal, Canada even Spain as wages are higher and go further.

 

[Jack_green]

Ban for stupid news article spam. Ignored.

Funny, but how are you going to pay for public services when the wealthy and skilled leave?.

You think everything will be magical fixed. Let me see most people can't afford a home, and if they can it would be shared ownership biggest con going. Then you have fiscal drag paying more to the government which goes to the pockets of the wealthy.
Cant afford to build infrastructure, and if they do manage to build something it doesn't last like something built in the 50s or 60s.

Our own nuke weapons failed to launch on a few occasions.

Our military are treated like animals, our vets are treated even worse, no help at all for those guys.

NHS complete failure, and broken. So forced to get benefits because the NHS has failed.

Don't have much of an Industry, our companies are being purchased cheaply pence on the pound.

You being tax for everything, if they can they will tax it.

Privatisation has failed but still you subside these companies.

People are now dieing earlier.
Everyone is cutting corners and as there are no repercussions keep doing it.
Water companies polluting, and want bill to double, and still extracted dividends.
Birth rate dropping, as both need to work.
Quality of food is pretty awful.
No night life.

No one in this country can be bothered to march, something like the poll tax riot would do.

This list is almost endless.

 

[Jack_green]

OP doesn't understand government debt.


Did you read the charts at all, most of those countries are rated worse than the UK.


Well that is just not true either.

The rich and entrepreneurs are leaving, those with skills are leaving.

Who going to pay the deficit?

I do understand government debt, do you know who will have to pay it

I could understand if we were in a world war.

It cost 26 million to built the m1.

Just to widen the M25 between junctions 27 and 30 costs 50% of what it cost to build of the whole M25.

 

[Jack_green]

The OP is one of a few “real name” posters who juggle the truth to present a depressing story denigrating UK life. Given that to all intents and purposes there’s an online war with China, Russia and various others, these type of posts are extremely suspicious.

Life in the UK could be better and the country could be better run but it’s not anywhere near as depressingly bad as some hysterically try to make out. There are (sadly) far too many places in the world where many are far worse off

There is an online war with those countries plus a social one as well.

You correctly say there are many yet forget this country is supposed to be one of the wealthiest in the world.

It depends on which side you are viewing it from.
It is worse than depressingly bad as you put it.

I am sorry to say, some people don't like the truth.
Some posters here still think we are still in an empire.

I just don't see a way out, some people here think, hey not another anti immigration post etc..

It is a combination of everything, that has caused this. Yes, immigration is part of this combination.

But keep sticking your head in the sand, thinking everything is ok.

Yesterday, I was speaking to someone who had a good job, had an accident and can no longer work. He was discussing the appalling legal system and the failure of the system to compensate him for his health issues. The failure of the heath system it self.

He is on benefits and feels he is being hit twice. He was explaining in reality there is no help for someone like him. He was explaining how the system destroyed him.
His story is pretty depressive one, very sad.

Made me think how lucky I was but also made me think how destroyed this country is. It opened my eyes and showed me how utterly fake and corrupt this country really is.

I hear many similar stories every Saturday.

After hearing these stories you start to think It could have been you.
Until you go out their you don't really see the poverty and injustice, the impact of a failing system that so many think highly off.

 

[Jack_green]

Mods?

Why, don't want to know the truth? Why don't you do some volunteering once a month to really see the problems.

It is heart breaking, but It is easy to brush it under the carpet, and say this can't be true.

 

[Jack_green]

What truth?

That there is no help for people, they are completely letdown by the health system and justice system.

Government policies have lead us down this path.