Worlds richest 1% to own more than everyone else put together

antrobus

tincans6 wrote: »

....We do know that wealth inequality is increasing much faster in the UK than our GDP is increasing - which suggests that it is not just a bigger pie that is creating this disparity but the richest are grabbing a larger slice too & hogging the gravy.

According to the ONS, who have calculated the Gini Coefficients for aggregate total wealth, by components for Great Britain, it was 0.61 in 2006/08 and 0.61 in 2010/12. So by their measure, wealth inequality isn't increasing at all. It certainly isn't increasing much faster than GDP is increasing, whatever that means; I'm not convinced it would make much sense to compare percentage changes in two very different numbers.

http://www.ons.gov.uk/ons/dcp171776_362809.pdf