Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/976/26640

From The Socialist newspaper, 3 January 2018

Widening wealth gap, increase in poverty... Make the fat cats pay

We are the 99% - Take the wealth off the 1% Socialist Party placard, photo Paul Mattsson

We are the 99% - Take the wealth off the 1% Socialist Party placard, photo Paul Mattsson   (Click to enlarge)

Helen Pattison, London Socialist Party

Don't put the party poppers away just yet. There's one last thing to celebrate. Fat Cat Thursday! Well, it's not exactly a celebration if you're working class. In fact its only the super-rich who actually enjoy the event.

Fat Cat Wednesday marks the point on Thursday 4 January when chief executives of FTSE 100, the largest businesses on the London Stock Exchange, will have already 'earnt' the average salary of working people for the whole year. According to research by the High Pay Centre it takes them less than a week to pocket 28,000 median salary in the UK.

It's a stark reminder of the huge void that exists between the living standards of working class people and the tops of society.

Fat Cat Thursday has become an annual event when the inequality of capitalism is really laid bare. How can Theresa May say with a straight face that there is no "magic money tree" for hard-working NHS staff reliant on food banks when in hours these executives have already pocketed thousands?

Inequality

This huge inequality and the driving down of living standards since the 2008 economic crisis is also seriously affecting people's health. 4.6 million people are living in persistent poverty which is contributing to a rise in poverty-related illnesses such as rickets. Asthma is also on the rise, in part due to the number of children living in temporary and poor quality accommodation.

Parents are struggling, with one in five skipping a meal to feed their children over the summer holidays. The right-wing rags have said that Jeremy Corbyn and anti-austerity campaigners want to take us back in time, when in reality its capitalism that's taking us back to the social horrors of the 19th century.

Rather than allowing Fat Cat Thursday to get us down, we should be used as inspiration to fight for a real alternative to capitalism. The wealth is clearly there - it's just hoarded by the super-rich. If that wealth was taken from the 1% it could be democratically planned and used to ensure a decent standard of living for all.

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


In The Socialist 3 January 2018:


New Year statement

2018: more upheavals loom


Socialist Party comments and reviews

Tory prescription for mental illness: stress and bureaucracy

The Socialist inbox


Socialist Party news and analysis

Widening wealth gap, increase in poverty...make the fat cats pay

Mobilise against rip-off executive pay

Rail: fares up, bosses' pay up - delays and cancellations up

Thousands live in tents and sheds - seize empty homes

Heart unit rescued by campaigning saves baby with pioneering surgery

NHS in winter crisis as Branson creams off 1bn


Socialist Party reports and campaigns

Blairite council 'all ears' to rich property developers

Stop the rotten redevelopment plan, demand residents

Housing victory for Sussex students

Leeds: temporary reprieve for playing fields

Bradford protest against children's service cuts

Trade Unionist and Socialist Coalition conference


Socialist Party workplace news

Equal sick pay rights for staff at Charlton Park Academy

Newham: school strike solid against academy

Fire service victory

Leeds college pay protests


International socialist news and analysis

Catalan elections: PP humiliated


 

Home   |   The Socialist 3 January 2018   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Fat cats:

triangleBosses' pay up a fifth while workers' pay falls ...

trianglePortsmouth Socialist Party: How can the NHS be defended from the Tories?

triangleTurn Carillion crisis into movement against privatisation and capitalism

triangleRail: fares up, bosses' pay up - delays and cancellations up

triangleDefuse the consumer debt time bomb: nationalise the banks!

Wealth gap:

triangleThe have-yachts and the have-nots

triangleFighting the great tax robbery: taxes and regulation or socialist nationalisation?

triangleThem & Us

Wealth:

triangleSocialist nationalisation: what it is and why we need it

triangleTax Amazon movement wins in Seattle

triangleRichest worth 724bn... as 100,000 kids fall into poverty

Poverty:

triangleFearful bosses call for 'fairer capitalism'...

triangle4m children in homes that can't afford fruit and veg

Pay:

triangleUniversity pay ballot: vote yes for strike action!

Inequality:

triangle10 years since the financial crash - the socialist answer to capitalist crisis

Capitalism:

triangleThe fog of Brexit

US:

triangleBezos housing hypocrisy

Super-rich:

triangleThem & Us

Working class:

triangleWhen working class women dominated football

Rich:

triangleThem & Us

Economic crisis:

triangleCapitalism is a chaotic, irrational system - we need socialist change

Banks:

triangleUniversal credit causes 24m rent arrears

News and socialist analysis

News and socialist analysis

19/9/18

Labour Party

Blairites must go

19/9/18

Student

Mobilise mass student fightback

19/9/18

Housing

250,000 families in "non-decent" homes

19/9/18

EU

The fog of Brexit

19/9/18

What we saw

What we saw

19/9/18

Rail

Rail rip-off reversal

19/9/18

Momentum

Momentum's 'The World Transformed' blocks discussion on Liverpool council struggle

19/9/18

Labour Party

The struggle to transform Labour

18/9/18

Drug companies

Big drugs companies dodge 3 billion pounds in tax

13/9/18

PCS

PCS: the real issues at stake - a reply to Socialist View

12/9/18

Labour Party

Corbyn must lead in fight against the Blairites

12/9/18

Capitalism

Fearful bosses call for 'fairer capitalism'...

12/9/18

Food

4m children in homes that can't afford fruit and veg

12/9/18

Them & Us

Them & Us

12/9/18

Academies

School students in solitary: for full funding, not exclusion!

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07769 611 320

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


September 2018

August 2018

July 2018

June 2018

May 2018

April 2018

March 2018

February 2018

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999