Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/716/14457

From The Socialist newspaper, 2 May 2012

Rich list: The good times roll for the 0.00001%

Claire Laker-Mansfield
Bankers protest by Walthamstow Socialist Party, photo The Socialist

Bankers protest by Walthamstow Socialist Party, photo The Socialist   (Click to enlarge)

"Those with the broadest shoulders will bear the largest load... we're all in this together." These, David Cameron's famous words to his first Conservative Party conference as prime minister, asked ordinary people to close their eyes to reality.

Cameron asks us to join him on a journey to a make believe land where over-paid public sector workers with gold plated pensions, avaricious disabled people demanding welfare, and young people outrageously expecting a day's pay for a day's work, caused the economic crisis.

In his topsy-turvy world the greed of bankers, big business and the rich is a social good. Cameron 'rebrands' his friends with positive sounding labels in an attempt to conceal their parasitism. The rich are dubbed 'wealth and job creators'.

Richer by the minute

All of this, Cameron hopes, will help allay some of the anger felt by those who genuinely do create wealth (working class people) when they read this week's headlines. Because not only has the Sunday Times rich list revealed that those at the top are not suffering as a result of the cuts, we now find out that overall they are getting wealthier by the minute - all at our expense!

As public sector workers look forward to a lengthy pay freeze, paying more and getting less for their pensions or being forced to take up a place in the line at the job centre, the fat cats kick back and watch the money roll in.

The richest 1,000 people in Britain - around 0.00001% - have got 5% better off in the last year. Their individual fortunes added up make 414.26 billion. That's more than three times the government's own figures for the shortfall in 2010 - 137 billion. Even if these people were forced to pay just a 20% tax on their accumulated wealth (what most people pay on their very modest incomes) this revenue alone could almost fund the NHS each year!

Not fooled

Cameron's attempts to pull the wool over our eyes will not wash. The wealthy, who the Con-Dem government protect above all others, acquired their riches through cruel exploitation. It is working people who produce all the goods and provide society's services.

Those in the rich list's dizzy heights got there by creaming off a chunk of the wealth produced by workers and taking it for themselves. Now they ask for even more. As their crisis-ridden capitalist system fails we are asked to pay with our jobs and our services.

Working class people are not fooled by Cameron's trickery, searing anger is present on our streets. The fightback has begun. Mass strike action is planned for 10 May.

The 0.00001% should not sleep easy in their beds. The rest of us are demanding our fair share. The Socialist Party says let's take the wealth off the 1% and build a socialist society for the 99%.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 2 May 2012:


Fighting the government attacks

Kick out the Con-Dems and end austerity

A strategy to stop austerity and bring down the government of the super-rich

Fight privatisation: Save our libraries

National Shop Stewards Network 6th annual conference


Socialist Party news and analysis

Rich list: The good times roll for the 0.00001%

Leveson exposes links between Tories and Murdoch

Them & Us


Socialist Students

NUS conference Support for left and for action


Housing crisis

Social dumping won't solve the housing crisis


Socialist Party feature

Don't accept the misery of austerity


Socialist Party workplace news

Unison leadership 'woefully inadequate' in face of cuts

Rotherham teachers stand up to bullying

Bilborough College Nottingham strike Action over five-term years

UCU joins 10 May strike - student solidarity needed

Workplace news in brief


Trade Unionist and Socialist Coalition feature

TUSC: the electoral alternative to the parties of the rich


Socialist Party campaigns

Thug attack won't stop anti-racist work

Socialist MEP discusses way forward for Tamils struggle

Sheffield marches against sexism and cuts


International socialist news and analysis

Capitalist crisis: 'Up to half of all Icelandic families are bankrupt'

Kazakhstan: Socialists jailed by regime


Environment and socialism

The government's fractured energy policy

Planning for the Planet


 

Home   |   The Socialist 2 May 2012   |   Join the Socialist Party

Subscribe   |   Donate   |   PDF  




Related links:

Rich:

triangleCan you donate to the Socialism 2017 appeal?

triangleYoung people being strangled by debts

triangleTories torn - bin them now

triangleWhole establishment exposed for role in Grenfell fire

triangleThe Socialist inbox

Pay:

triangleArriva North West bus drivers strike over pay

triangleRoyal Mail bosses block strike - back postal workers

triangleNorth London hospital workers fight cuts and job losses

triangleUnite local government sector plans strike ballot

Pensions:

triangleSet for national strike action

triangleCWU strike ballot to win 'Four Pillars'

triangleCWU members prepare for industrial action at Royal Mail

Government:

triangleCampaign against political repression in Hong Kong

triangleHundreds turn out for rally aimed at removing west Wales Tory MP

News and socialist analysis

News and socialist analysis

19/10/17

Refugees

Hundreds of torture victims wrongly detained

18/10/17

Brexit

Tories torn - bin them now

18/10/17

What we saw

What we saw

18/10/17

Food

Obesity epidemic: end food market anarchy

18/10/17

NHS

Tories scrap the NHS pay cap: now fight for real-terms pay rises!

18/10/17

Debt

Young people being strangled by debts

13/10/17

Labour

The end of the Tories?

11/10/17

Tories

Nasty party imploding...drive out the Tories

11/10/17

Black history

The fight against racial discrimination is tied to fighting against capitalist austerity

11/10/17

Housing

Housing crisis: Corbyn's positive measures blanked by Labour's right

11/10/17

Universal Credit

Major attacks 'Universal Credit', half a million more face poverty

11/10/17

Them & Us

Them & Us

11/10/17

NHS

NHS meltdown - fight the Tory cuts

11/10/17

IMF

IMF helps cause inequality it slams

4/10/17

NHS

Tories wreck our NHS

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party

triangle19 Oct Arriva North West bus drivers strike over pay

triangle18 Oct Russia, October 1917: When workers took power

triangle18 Oct Tories torn - bin them now

triangle18 Oct Royal Mail bosses block strike - back postal workers

triangle18 Oct Balloting members on the pay cap

triangle13 Oct The end of the Tories?

triangle11 Oct Nasty party imploding...drive out the Tories

More ...

triangle23 Oct Chesterfield Socialist Party: The continuing struggle for abortion rights

triangle24 Oct Liverpool Socialist Party: The October Russian Revolution 100 years ago to the day

triangle25 Oct Salford Socialist Party: The October 1917 Russian revolution

triangle25 Oct Swansea Socialist Party: Mother Jones - A US labour pioneer

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice

V2