The really interesting question is: what causes wealth? And the answer is clear enough – specialisation and exchange.
There is also significant support for some pretty extreme socialist policies among the wider electorate.
The Centre for Social Justice, which I am now chairing once again, is turning its attention to the quality of growth and jobs.
Some answers from a seminar at Policy Exchange.
Who are these people? They earn between £50,000 and £150,000 before tax. They are the natural aristocracy of white collar professionals.
Do people find sovereignty in a Parliament they regrettably take little interest in – or in actual power and the pound in their pocket: their job; their standard of living?
Labour will always win a contest of which party is most hostile to the rich.
Whenever people criticise “the rich”, they fail to mention exactly who they are.
My party seeks to build an economy which works for the many, not for the few.
Nor wealth taxes, but savings credits.
GDP is a convenient, but wildly inaccurate, measure of our true material wealth
We are rich! Well, some of us are. The Guardian reports that millionaires are rather more common than one might think: “One British household in every 10 now has total assets exceeding £1m, according to a new book based on work at the London School of Economics published on Wednesday. “Wealth in the UK crunched […]
In the run-up to the financial crisis of 2008, the rich got a whole lot richer. But they must have taken a hit in the years since, right? Not in America, they haven’t. Writing for Business Insider, Henry Blodget tells it like it is: “In case you were hoping that America's three-decade-long trend toward extreme […]
Prepare to have your gast flabbered, because Wolfgang Munchau of the Financial Times has a flabbergasting fact for you: “A European Central Bank survey shows that households in northern Europe have a much lower net wealth than those in southern Europe. Average German net assets per household are just under €200,000, while they are €300,000 […]
Put harshly, it can be the ideology of the free-rider, the citizen who neglects the demands of citizenship.