Them & Us
Billions for them...
What might the super-rich pick up as stocking fillers this Christmas?
It's been a good year. According to poverty charity Oxfam, the wealth of the wealthiest 62 billionaires equalled the bottom half of humanity this January. Six years ago, it would have taken 388 of them.
You can buy a plate from Tokyo Design Studio for £13,200. For the equivalent of a year's gross salary on the minimum wage, it must be a really good plate. The Socialist assumes it makes the food itself and washes itself up afterwards.
Or if you're more the festive clothing type, how about a fox fur and Swarovski crystal woolly hat? The 'Jennifer Behr Narcissus Pom Pom' cashmere beanie is just £677. You can pick that up for three weeks' net pay on the minimum wage.
Of course, for the buyer on a budget, there's the perennial favourite: socks. A cashmere pair hand-cranked to order in Devon from a 19th century 'Harrison Sun' sock machine goes for £60.
That's just a shade more than a week's under-25 jobseekers' allowance. Useful for walking to the dole office when you can't afford the bus.
... beans for us
Meanwhile, 120,000 children will be homeless at Christmas this year. That's a rise of 15% on last year, according to poverty charity Shelter's figures.
One in eight UK workers now lives in poverty, according to the Joseph Rowntree Foundation. That's 3.8 million people.
That means that of all those in poverty, 55% are in working households. The charity says that's a record high. In fact, since 2010-11, when the establishment claims the economic 'recovery' began, it has risen by 1.1 million.
A total of 7.4 million people in the UK, over a third of them children, are in poverty. This is despite their families working.
It's clear the wealth is out there, it's just concentrated at the top. It goes on £13,200 plates, or more often lies idle awaiting more profitable times for investment. Take the wealth off the 1% - end austerity - £10 an hour minimum wage now.
25 Apr The cuts or no cuts election
25 Apr Tories out!
Phone our national office on 020 8988 8777
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