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Old 11.12.2019, 16:29
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TonyClifton TonyClifton is offline
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

Quote:
This has been a party political broadcast on behalf of the Conservative Party.

Income inequality is only part of the equation - care to venture some stats on wealth inequality TC?
Not really, income inequality is easy to measure and gives a clear picture. There is data on what people earn and what their tax burden is which gives a fairly accurate picture. It's not perfect and there are other various factors involved in determining disposable income, however it is far more reliable than the calculation for wealth.

In calculating wealth, liabilities are offset against assets. This skews the data massively in a country that is as debt addicted as the UK is. If you have 5 pounds in the bank and nothing else, then according to wealth calculations you'll still be better off than the 10 million "poorest".
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