Any 1% here?

[SirGalahad]

I couldn't have put it more succintly, sure this is America but the same issues are echoing in the UK. Inequality in the US has now reached that of Russia.

https://www.nytimes.com/2017/11/17/...al&utm_source=twitter.com&utm_campaign=buffer

Just look at the graph on Inequality.

 

[JP_]

There must be loads of 1%ers here judging by all the Tory supporters and anti-labour rhetoric.

 

[Notch7]

I guess its not just political, (or at least politics not keeping up with) but also due to automation and the digital age.

The internet has allowed such things as uber, amazon, booking.com etc etc.

The worlds biggest companies are now all technology: FANGs for example (facebook, amazon, netflicks....)

Uber for example: a clever way to cream off a percentage of taxi drivers income around the world.

booking.com: a way to cream 20% or more off bed and breakfast owners.



The future is here now and how about grid autostore for amazing technology:

Our tax systems and regulations need to catch up.

 

[JP_]

booking.com: a way to cream 20% or more off bed and breakfast owners.

Bed and Breakfast owners have always relied on marketing companies, and 20% reasonable - an old friend used to use Hoseseasons and CountryCottages (i think) and always moaned how much they took. Wasn't worth it in the end.

 

[SirGalahad]

Technology has not caused this rise in inequality. It's the control of politics.

 

[JP_]

Yep, we have a government in power that is only interested in maintaining power and control for the wealthy elite. They really don't care about the other 99%, although their marketing experts do a good job at making everybody think that they do.

They were shocked and angered when others sought to deprive or degrade them. They clung tenaciously to their position. They developed ever more specious arguments to defend their privileges. They eulogised themselves and built great temples to their greatness. They jealously guarded access to their hallowed halls. And when democracy finally and rudely shunted them aside, they found new means of preserving their extravagant riches without the tedium of pretending they sought the common interest. Far from dying away, they remain very much alive.

https://www.theguardian.com/news/2017/sep/07/how-the-aristocracy-preserved-their-power

 

[EFLImpudence]

Bloody Normans.

 

[JP_]

Funny really isn't it - we're all descended from a mix of French, Norse, German and Italian, and yet, so many people object to Europeans joining us here?
If you want the true Britons, you need to head to Wales.

 

[Notch7]

Technology has not caused this rise in inequality. It's the control of politics.

I didnt say it has caused it, what I said is that it is also due to technology, arguably because politics has allowed it to happen.

Was it the control of politics that created google or facebook and made them so huge?

Globalization has much more impact these days due to being in the digital age.

And there has been a huge change in manufacturing, with Asia taking over.



According to ONS income inequality has lowered slightly in period 1988 to 2016

Gradual decline in income inequality over the last decade

The Gini coefficient is a measure of income inequality. Gini coefficients can vary between 0 and 100 and the lower the value, the more equally household income is distributed.

Analysis of these data over time shows that, overall, income inequality, as measured by the Gini coefficient, increased considerably during the 1980s, but since then the changes have been smaller in scale.

 

[Notch7]

you need to head to Wales

No thanks

 

[JP_]

Analysis of these data over time shows that, overall, income inequality, as measured by the Gini coefficient, increased considerably during the 1980s, but since then the changes have been smaller in scale.

Hmmm, what happened in 1979 that might have influenced that ... hmmm

Anyway, that must be fake news - we all had a filofax and a massive mobile phone, so everything must have been awesome in the 80s.

 

[JohnD]

How could the masses of ordinary people be tricked into voting against their own interests?

 

[Notch7]

How could the masses of ordinary people be tricked into voting against their own interests

How could millions of students be tricked into voting for a party that claimed it could write off student debt.

Sometimes you just cant believe what you are told

 

[JohnD]

Sometimes you just cant believe what you are told

We certainly can't believe what you tell us.

Read the party manifesto and tell us what it says.

 

[Brigadier]

What percentage of the electorate vote on the published contents of the manifesto?
What percentage of the electorate vote on the mps' interpretation of the contents of the manifesto?