Greed in the UK 2013

It’s appalling, but true, that the poorest in our society pay for the tax cuts of greedy.
The Sunday Times Rich List figures show that the collective wealth of the UK’s 1,000 richest rose 30 per cent in 2009 in wake of economic crisis.
The combined wealth of the top 1000 rose by over £77bn to £333.5bn, the biggest annual increase in the 22-year history of The Sunday Times rich list.
Meanwhile on a vital KPI of George Osborne’s the cost of benefit fraud is £1bn.
My maths tells me that this is a one three hundred and thirty third of the wealth of the richest thousand in the UK. Where is Osborne’s focus? 
It’s to emphasize the few that cheat (and course they need to be stopped) 
However, unclaimed benefits amount to £16.5 billion, so lets get it in proportion.
And the estimated tax owed to us is £70 billion.
  
From 1997 to 2007 the average income of the top 1 per cent of UK earners increased from £187,989 to £301,325 – an increase of just over 60 per cent (income of the top 0.1 per cent almost doubled).
The increase in the tax contribution by the top 1 per cent, from 21 per cent in 1997 to 26 per cent now, means that their contribution is around 23 per cent higher (or 28.5 per cent if you go with the 27 per cent current figure), relative to what they were paying in 1997.
Either figure is far less than the increase of at least 60 per cent (and probably considerably more) in their incomes. The wealthiest now pay substantially less toward our national upkeep than they were 15 years ago, relative to their wealth.

Published by Rob

Now 70, I'm getting back into website development and brand protection, as well as showcasing the delightful artistic talents of my beautiful wife Lynne. My projection will encompass a lifetime of database marketing, as well as the Christian democratic socialist ideals of my wife and I.

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