All in it together

[P J]

What recession?  the top 1000 richest people in the country have doubled their wealth since the Tory led government got in and slashed services and welfare to the needy.  Never mind though, the needy can all go to the 1000's of food banks which have become necessary.  Thank you Cameron, thank you Osbourne.

 

http://www.theguardian.com/business/2015/apr/26/recession-rich-britains-wealthiest-double-net-worth-since-crisis

[observer]

Agree with this obvious observation (gasps all round");  but will Red Ed and the rest actually do anything about it ?  Don't hold your breath.  Meanwhile, Nicola & Co will be maxing out the National credit card on her shopping list ! 

[Bazj]

The gap between the richest and poorest in society also widened significantly under the 13 years Labour were in charge.....

 

If you had a spare million when the Tories came to power and stuck it in an average hedge fund, it could have made about £250,000 by now as opposed to the £25,000 if you just left it in the bank. 

 

If you want to make big money you have to take risks... the more money you have the more risks you take but the bigger the rewards... that's capitalism for you and the same would have been true for the 13 years of the last Labour lot too.

[P J]

But at the same time as the richest have doubled their wealth the Tory led government have slashed welfare and cut services to the bone,  I don't think Labour did.

[Bazj]

Labour just borrowed, borrowed and borrowed some more to build hospitals and schools we will be paying the private sector back for the next 100 years.... they bang on about the Tories privatising the NHS and yet in 13 years they handed over billions and billions to the private sector and we will continue to do so for many years to come.... Couple that with what the bankers did and you realise why there was no money left at the end of Labours tenure and that neither of them have got the right to criticise the other

[P J]

As do the Tories, in fact they borrow more. Yet they hammer spending on the most needy in society while at the same time the richest 1000 double their wealth.

[P J]

http://www.politics.co.uk/comment-analysis/2014/06/17/the-coalition-will-leave-more-debt-than-all-labour-governmen

[observer]

The wealth gap has been increasing since the early 70s under BOTH Parties; with both wedded to capitalist economics and the idea of Reaganomics and "trickle down"; which clearly hasn't worked for the many. It's a fairly simple equation - in order to pay off debt and balance budgets; there are three options:-  1) Cut public expenditure - which generally affects the poorest majority. 2) Borrow - which basically means borrowing to service the debt, and generally making it even bigger. OR 3)  Tax wealth in all it's forms, in order to redistribute wealth from a rich minority to the majority;  more people with more money to spend, will increase demand for goods and services, which in turn will create employment and economic growth.  No Party is fully commited to option 3 in any radical sense and we have to wonder if HMRC would be capable of reaping in such a bounty.