Gransnet forums

News & politics

US & UK are poor societies with some very rich people.

(386 Posts)
MaizieD Sat 17-Sept-22 09:48:09

John Burn-Murdoch in the Financial Times today on the effect wealth distribution has on living standards.

By comparison with other countries

Income inequality in US & UK is so wide that while the richest are very well off, the poorest have a worse standard of living than the poorest in countries like Slovenia

He develops this in a twitter thread which is well worth reading:

twitter.com/jburnmurdoch/status/1570832839318605824

and in his FT article.

www.ft.com/content/ef265420-45e8-497b-b308-c951baa68945

(The FT is usually paywalled. This article doesn't appear to be. But if you can't access it via this link you can through the link that Bur-Murdoch gives in his twitter thread)

I think this bears out a point that I was trying to make in another thread, that GDP indicates the over all wealth in a country, but not its distribution.

In his FT article, he poses the question:

Where would you rather live? A society where the rich are extraordinarily rich and the poor are very poor, or one where the rich are merely very well off but even those on the lowest incomes also enjoy a decent standard of living?

hmm

I'd ask the question: Which is more important to you; that the UK is an over all wealthy nation or that the wealth is better distributed within the UK population?

DaisyAnne Sat 17-Sept-22 15:36:40

GrannyGravy13

Dinahmo

Whitewavemark2

What I do think is that the tax payer has been subsidising businesses for years by topping up the poor wages paid by so many with benefits.

There should be a sensible living wage, and it should be made mandatory.

Exactly.

I think that is something which we all agree on

I agree too but I am aware many companies say they would not be able to afford it. Hence my thoughts that they should be able to ask for help. Not many would if they knew their top salaries and dividends would be checked. However, some new businesses would struggle, and some community businesses might too. It could well be worth helping these.

Barmeyoldbat Sat 17-Sept-22 15:43:27

We do not have poverty on the scale that some 3rd countries have. The person dying in flat from starvation died because they were let down by agencies that we have and 3rd world countries dont, we have free health care and people don’t live in make shift housing surrounded by rubbish and filth, we also have food banks. I have seen extreme poverty, naked children in cities just dropping down and sleeping on pavement for example. We have certainly have poverty but the poverty we have is not helped by decisions made by governments and agencies not doing their job properly

volver Sat 17-Sept-22 15:47:41

But it's not all about you, is it volver? At the moment the majority seem to be content at the moment. At least it gives you people you can attack who can't answer back.

Look DaisyAnne. This is getting silly. Everything I post, even when I post an answer to questions people have asked, your stock reply is "It's not all about you" or "You think you're always right" or "Everybody else thinks differently".

Its going to have to stop or I will have to report you for harassing me. Again.

At the very least people reading this will see what's going on.

Please stop it.

Galaxy Sat 17-Sept-22 15:52:56

Just because the majority think something doesnt mean it's right or that people cant put forward an alternative view. I like to hear views that arent the majority.

Aveline Sat 17-Sept-22 15:53:05

We do see what's going on -and, unfortunately, why it might be happening.

Mollygo Sat 17-Sept-22 15:54:00

Message deleted by Gransnet. Here's a link to our Talk guidelines.

DaisyAnne Sat 17-Sept-22 15:56:51

Barmeyoldbat

We do not have poverty on the scale that some 3rd countries have. The person dying in flat from starvation died because they were let down by agencies that we have and 3rd world countries dont, we have free health care and people don’t live in make shift housing surrounded by rubbish and filth, we also have food banks. I have seen extreme poverty, naked children in cities just dropping down and sleeping on pavement for example. We have certainly have poverty but the poverty we have is not helped by decisions made by governments and agencies not doing their job properly

What sort of argument is it that compares our wealth to other first world countries but our poverty to third world countries.

Is this what it needs to make people vote ERG?

volver Sat 17-Sept-22 15:57:50

Aveline

We do see what's going on -and, unfortunately, why it might be happening.

Yes, she was bullied, but she brought it on herself?

That it?

DaisyAnne Sat 17-Sept-22 16:04:00

volver

^But it's not all about you, is it volver? At the moment the majority seem to be content at the moment. At least it gives you people you can attack who can't answer back.^

Look DaisyAnne. This is getting silly. Everything I post, even when I post an answer to questions people have asked, your stock reply is "It's not all about you" or "You think you're always right" or "Everybody else thinks differently".

Its going to have to stop or I will have to report you for harassing me. Again.

At the very least people reading this will see what's going on.

Please stop it.

Goodness. That is the politest post I have seen you write. Even with the threats.

I haven't been on the forum today until this last hour so I have gone through and replied to those posts I might have replied to at the time if I had been on.

Are you now dictating who can post what and when? Or are we competing on who can report the other the most? I don't like the idea of either.

Aveline Sat 17-Sept-22 16:23:21

Why don't you just hide this thread for the sake of your blood pressure? It's not worth continuing in this aggressive manner. Walk away. It's not worth it.

volver Sat 17-Sept-22 16:24:22

I quote. Are you now dictating who can post what and when?

DaisyAnne Sat 17-Sept-22 16:54:40

Volver, could you just point to where your quotes, "You think you're always right" or "Everybody else thinks differently" that you attributed to me, were made? I don't think I have said those words.

As for, it's not about you, it isn't about any one person. Anything that is changed is changed because more people want it than don't and that isn't the case at the moment.

But this is a thread about wealth distribution, so I apologise to Maizie, for going off topic.

M0nica Sat 17-Sept-22 16:54:42

Some people just drop out of society, refuse to engage with people who want to help them.

Some do fall through the net but many shy away. I worked with people in need of help for some years, and some just refused to engage or refused to let you help them. People have free will and we cannot force them to engage in order for us not to feel guilty if anything goes wrong.

Whitewavemark2 Sat 17-Sept-22 17:00:16

DaisyAnne

GrannyGravy13

Dinahmo

Whitewavemark2

What I do think is that the tax payer has been subsidising businesses for years by topping up the poor wages paid by so many with benefits.

There should be a sensible living wage, and it should be made mandatory.

Exactly.

I think that is something which we all agree on

I agree too but I am aware many companies say they would not be able to afford it. Hence my thoughts that they should be able to ask for help. Not many would if they knew their top salaries and dividends would be checked. However, some new businesses would struggle, and some community businesses might too. It could well be worth helping these.

Start ups could be given assistance as soon as they employ, but once their bottom line shows a profit and a reasonable level of leverage, then assistance should cease and the company stand in its own two feet.

Barmeyoldbat Sat 17-Sept-22 17:24:32

Oh I see DaisyAnne maybe you have finished picking on Volver and you are now going to start on me and you are far from polite to other posters. My whole point is no country or system is able to distribute wealth evenly, so you will always have poverty but there are countries where it is far worse

Dinahmo Sat 17-Sept-22 17:31:16

Germanshepherdsmum

According to the link she had savings Dinahmo, which she wanted to keep in order to buy a dilapidated bungalow. That’s why I made the comment that she did have money but chose not to spend it.

It said she had a small amount of savings - that could be £50 or £100 - we don't know. I suspect her idea of wanting to buy a run down bungalow was pie in the sky. Many people want run down bungalows because they usually have larger plots so space to expand.

Doodledog Sat 17-Sept-22 17:32:09

Start ups could be given assistance as soon as they employ, but once their bottom line shows a profit and a reasonable level of leverage, then assistance should cease and the company stand in its own two feet.

I agree with this. I get tired of hearing that companies can't afford to pay decent wages/sick pay etc when the directors are drawing good salaries and the profits are high. Anyone who genuinely can't afford to pay a living wage after a bedding in period shouldn't be in business.

I also like the idea that the employer should apply for UC and not the employee. If someone is working they should not have the hassle of dealing with benefits because their employer is unable to manage the finances.

DaisyAnne Sat 17-Sept-22 17:35:11

Barmeyoldbat

Oh I see DaisyAnne maybe you have finished picking on Volver and you are now going to start on me and you are far from polite to other posters. My whole point is no country or system is able to distribute wealth evenly, so you will always have poverty but there are countries where it is far worse

But third world poverty BoB. How can you even think that an appropriate comparison, a discussion that would not cause others to question your post in such a rich country as ours?

JaneJudge Sat 17-Sept-22 17:37:13

Can everyone please be a bit more respectful to one another? I have felt a bit got at today for caring about people grin but I'm sure we all have other stuff going on in our lives without adding to the stress with being upset with one another on here

and before anyone says anything, I want to be engaged in discussion, so no I wont switch it off

JaneJudge Sat 17-Sept-22 17:43:22

I dislike the comparisons with India and developing countries. The UK isn't India and I'm sure the Indian people who live and work in the UK expect better standards of living as it is more expensive to live. It's not extraordinary to want a good standard of safe housing, good services, access to health and access to a good standard of living when you live in a developed country, it's considered normal surely.

DaisyAnne Sat 17-Sept-22 17:45:42

Whitewavemark2

DaisyAnne

GrannyGravy13

Dinahmo

Whitewavemark2

What I do think is that the tax payer has been subsidising businesses for years by topping up the poor wages paid by so many with benefits.

There should be a sensible living wage, and it should be made mandatory.

Exactly.

I think that is something which we all agree on

I agree too but I am aware many companies say they would not be able to afford it. Hence my thoughts that they should be able to ask for help. Not many would if they knew their top salaries and dividends would be checked. However, some new businesses would struggle, and some community businesses might too. It could well be worth helping these.

Start ups could be given assistance as soon as they employ, but once their bottom line shows a profit and a reasonable level of leverage, then assistance should cease and the company stand in its own two feet.

I agree with help for start-ups, but only if they need it. They might need knowledge as much as money.

If later, a company could not pay a real basic income, the government should look at why. Losing a possibly good business does not make sense. If it is lost and puts people out of a job, there is an additional cost to the country.

JaneJudge Sat 17-Sept-22 17:48:26

Lots of affluent people know how to access R&D money from gov schemes in various areas without having any expertise at all apart from gaining that capital. It is a shame people with actual knowledge cannot access this money because they cannot market for the money in the same way.

DaisyAnne Sat 17-Sept-22 17:50:05

I also like the idea that the employer should apply for UC and not the employee. If someone is working they should not have the hassle of dealing with benefits because their employer is unable to manage the finances.

As I said to GSM that wasn't quite what I suggested, but the twist on the original is becoming quite interesting.

DaisyAnne Sat 17-Sept-22 17:52:14

JaneJudge

Lots of affluent people know how to access R&D money from gov schemes in various areas without having any expertise at all apart from gaining that capital. It is a shame people with actual knowledge cannot access this money because they cannot market for the money in the same way.

It feels like there is a cog missing, doesn't it JaneJudge.

JaneJudge Sat 17-Sept-22 17:56:57

DaisyAnne

JaneJudge

Lots of affluent people know how to access R&D money from gov schemes in various areas without having any expertise at all apart from gaining that capital. It is a shame people with actual knowledge cannot access this money because they cannot market for the money in the same way.

It feels like there is a cog missing, doesn't it JaneJudge.

Yes, it does and it is very demoralising for skilled people, especially those more experienced who end up working for the people who have managed to get the R&D money confused let alone frustrating as they are being managed by people who do not know what they are doing!