Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/762/16574

From The Socialist newspaper, 24 April 2013

Times Rich List: Super-rich get richer ... again

The Sunday Times Rich List is always a sickening read. A who's-who of Britain and Ireland's biggest exploiters, heirs and speculators - scroungers of the worst kind.

This year these fat cats' combined wealth amounts to almost 450 billion. That's an increase of more than 35 billion from last year, and is nearly ten times the joint fortune of those who made the first list in 1989.

Topping this year's list is Russian iron ore tycoon Alisher Usmanov with 13.3 billion. His wealth alone would be enough to cover the extra 10 billion welfare cuts that George Osborne announced at the end of 2012, the 2.5 billion cuts he announced in his March budget and the 'savings' expected from the bedroom tax.

Other high fliers include the Duke of Westminster with 7.8 billion made from property, Virgin's Richard Branson with 3.5 billion and tax avoiding retail boss Philip Green and his wife with 3.8 billion.

So the rich get richer again. Surely then, this wealth must have 'trickled down'. What's good for them is good for the economy and so good for the rest of us. Or not.

Unemployment

Unemployment in the UK increased by 70,000 in the three months to February. A big factor behind the rise was that those previously 'economically inactive' (mainly stay-at-home mothers) have been forced to look for work because of cuts to welfare. The number of young people out of work rose by 20,000.

At the same time average wages were up just 0.8% in comparison to prices rising by 3.3% - meaning most people can afford less with their income, an effective pay cut.

Even the usually austerity-loving International Monetary Fund recently had to point out to the Con-Dems that 'Plan A' isn't working.

Enriching the super-rich by helping them drive down wages and conditions and avoid tax isn't leading to growth of us because they're not even investing it - 850 billion is sitting idle in the UK accounts of big business.

The Socialist Party calls for an immediate one-off 50% levy on this hoarded cash. We say take the wealth off the 1% and use it for jobs, homes and services for the 99%.

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


In The Socialist 24 April 2013:


Anti-bedroom tax

Stop the bedroom tax - Hands off our homes!

Organise to bin the bedroom tax

Waltham Forest victims of bedroom tax are 'up for a fight'


Socialist Party NHS news and campaigns

Stafford hospital: Massive march in support of NHS

United show of opposition to NHS cuts in Dewsbury

NHS: What we say


International socialist news and analysis

South Africa: Workers and Socialist Party


Socialist Party news and analysis

Break with Thatcher's legacy! - Socialist policies needed

Stop Gove hacking our school hols

Times Rich List: Super-rich get richer ... again

Why we're standing against cuts

20 years after murder of Stephen Lawrence

Scottish TUC supports 24-hour general strike against austerity

Edmund Schluessel elected to NUS executive

Caste discrimination: MPs side with oppressors not oppressed

Them & Us


Socialist Party workplace news

Unite - build a fighting union

Angry workers protest outside Ford's UK headquarters

The battle goes on at Thera

Usdaw: End the partnership!

Workplace news in brief


The Socialist; readers' comments

Cold, hungry, young and homeless

Responding to distortions about Liverpool's socialist council


May Day

May Day 8-page greetings supplement


 

Home   |   The Socialist 24 April 2013   |   Join the Socialist Party

Subscribe   |   Donate   |   PDF  |   ebook






Related links:

Rich:

triangleTrump's tax attacks

triangle'Paradise' for billionaires - austerity for us

triangleCan you donate to the Socialism 2017 appeal?

triangleYoung people being strangled by debts

triangleTories torn - bin them now

Super-rich:

triangleThem & us

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

triangleReject Starmer's Single Market u-turn

triangleThe have-yachts and the have-nots

Cuts:

trianglePlans to launch no-cuts campaign at Kirklees College

triangleEnd Tory war on poor

triangleGlenfield victory shows people power can save our NHS

Tax:

triangleThe Socialist Inbox

triangleTrump's tax plan: Robin Hood in reverse

News and socialist analysis

News and socialist analysis

8/12/17

Government

Local government pay: fight for the 5% claim, fully funded

6/12/17

Labour

Corbyn's Labour can defeat Tories with socialist programme

6/12/17

NHS

Branson sues NHS: kick out the profiteers

6/12/17

Immigration

Royal wedding exposes them-and-us visa system

6/12/17

Banks

RBS to sack 1,000: nationalise the banks

6/12/17

Homelessness

Rough sleeping crisis: make homes, not arrests

6/12/17

Poverty

End Tory war on poor

6/12/17

Rail

Nationalise rail now

29/11/17

Them & Us

Them & us

29/11/17

Homes

Tory housing policy: build zilch, hike prices

29/11/17

Wages

Make the Tories history

29/11/17

Birmingham

Birmingham bin workers win!

29/11/17

British economy

Amber warning lights flash on British economy

23/11/17

Pay

After the budget - unions must launch pay fight

22/11/17

Climate change

Carbon dioxide hits 800,000-year high: end profit-driven pollution

triangleMore News and socialist analysis articles...


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

triangle8 Dec Local government pay: fight for the full 5% claim

triangle6 Dec Strikers rally in Liverpool

triangle6 Dec Corbyn's Labour can defeat Tories with socialist programme

triangle5 Dec Victory at Glenfield shows people power can save our NHS

triangle5 Dec Labour council Blairites deselected

triangle30 Nov Victory: Glenfield Children's Heart Centre saved!

triangle30 Nov Dramatic retelling of Grunwick strike

More ...

triangle12 Dec Birmingham South East Socialist Party: Can the Labour Party be changed?

triangle12 Dec Liverpool Socialist Party: Fighting council cuts

triangle13 Dec Caerphilly Socialist Party: Are we heading for an era of war?

triangle14 Dec Wakefield Socialist Party: Universal Credit - the Tories' latest assault on the poor

More ...

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

Archive

Archives:

December 2017

November 2017

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