Socialist Party
| Print

10 January 2018

Them & Us

How many billions of pounds did your asset portfolio appreciate by in the last year? Is it zero?

We knew it. You idiot! Instead of frittering your wages away on beans and rent you should be pumping it into financial speculation.

Here's what you could have won, compared to what you actually did...


You should have bought a bank. The Tories gave 4.4 billion to banks in tax breaks last year, according to Labour analysis. Banktastic!

Instead you bought a smaller chocolate orange. Last year Terry's shrank 10%, from 175g to 157g - for the same price. It's called 'shrinkflation', but it's more about shrinking your wallet than your waistline.


You should have worked less. The heads of top FTSE 100 firms earn 160 times the average wage of 28,200, according to last year's High Pay Centre analysis of 2016. At that rate you could afford to go home before you get out of bed!

Instead you worked too much. One in ten workers are officially "overemployed," working more hours than they want to, according to the Office for National Statistics (ONS). Overwork is certainly more rife than that shows. Meanwhile a lot of us want more hours - or at least more secure hours.


You should have played the stock market. Last year the world's finance casinos gained $9 trillion in (fictitious) value, according to analysts at MSCI. Spiv-a-licious!

Instead you played the jobs market. On top of endemic overwork and underemployment, both employment and job vacancies have started to fall. Unemployment also fell - because the long-term jobless are giving up looking, as shown in ONS figures for the third quarter of 2017.


You should have been an oligarch. The world's richest 500 billionaires boosted their wealth by $1 trillion last year, according to Thomas Piketty's World Inequality Report. (See also letters, page 12.) Capital!

Instead you were a worker. Britain's 800,000 agency staff - that's four times the size of the army - are underpaid by 400 million a year, says the Resolution Foundation. And 4.6 million people in the UK are in "persistent poverty," according to the latest ONS figures for 2015.




http://www.socialistparty.org.uk/articles/26670




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

triangle21 Feb Facebook sides with state repression - reinstate the Tamil Solidarity...

triangle21 Feb Bosses divided - university pension strikes can win!

triangle21 Feb How can young people and students fight the Tories?

triangle21 Feb Northern Ireland talks process paralysed

triangle21 Feb Chatsworth ward victory shows we can save our NHS

triangle20 Feb After 80 strike days Mears workers achieve victory

triangle19 Feb Usdaw victory - Socialist Party member Amy Murphy wins presidential...

More ...

WHAT'S ON

triangle21 Feb Caerphilly & RCT Socialist Party: 100 years of votes for women

triangle21 Feb Salford Socialist Party: A socialist look at the Vietnam War

triangle21 Feb York Socialist Party: Britain in 2018

triangle22 Feb Southampton Socialist Party: Building the Socialist Party in 2018

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: 0191 421 6230

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

What we Stand For

About the Socialist Party

Our 2015 election manifesto

Joining the Socialist Party - what will it mean for you

ARCHIVE

Alphabetical listing


February 2018

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999