Britain’s Wealthiest Are Wealthier Than Ever Before

18/05/2014

Britain’s wealthiest are wealthier than ever before  with a combined fortune of almost £520billion according to the Sunday Times Rich list with the Hinduja brothers top of the list with a combined fortune of £11.9billion. The total wealth of the 1000 richest people in Britain jumped 15% in one year. This comes a couple of weeks after we were told that there are more billionaires living in Britain than ever before. Can you imagine how angry, how sick I felt this morning when I read this bullshit as the nation’s poorest are suffering hardships through needless austerity?Wealth expert Philip Beresford said “the richest people in Britain have had an astonishing year. While some may criticise them, many of these people are at the heart of the economy and their success brings more jobs and wealth to the country.”

It is this kind of warped thinking that fuels all our problems, without sounding like Vladmir Lenin it is the indebted workers of this country that are the heart of the economy, as they are the heart of any economy. As I have said before we live with two economies, the debt economy in which the majority of us live and then there is the stock market economy which is completely decoupled from the debt economy and has no bearing on reality whatsoever. Record level debts? Stocks rise. Thousands laid off due to lack of industry demand? Stocks rise. For the people in the stock market economy the possibilities are endless because they have the God of the new world on their side, they have access to CAPITAL! For the rest of us left languishing in the debt economy there has been no economic recovery and it seems the bad times are here to stay, as it is purposely designed to be.

Inequality

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The wealth of Britain’s wealthiest has jumped 15% in one year, how can that be? Well it is because they aren’t on zero hour minimum wage contracts. The Dow Jones Industrial Average and the S&P 500 closed 2013 with RECORD closing highs. It was the best year for the Dow since 1995 as it rose 26.5%. The S&P 500 closed the year up 29.6%, its best yearly closeout since 1997. The Dow closed at RECORD HIGHS 52 TIMES in 2013. The FTSE 100 closed the year up 14.5% and the FTSE 250 has finished up 29%. In January I wrote this, turns out I was right:

“What this means is that for some 2013 has been one hell of a year, an absolutely blinding year on the old financial front. If you’ve got a friend who’s got a friend, who is preferably a member of government or in public office then you are going to get spoon fed money in the form of great deals like the privatization of the Royal Mail which was sold greatly and suspiciously under value.”

Now I am in no way against wealth, I wish everybody was wealthy. I’m in no way against entrepreneurship, if you are a bright person with a great idea then you should be allowed to develop it and reap the rewards. That is why I respect men like James Dyson, a wealthy man who is living a great life on the fruits of his work. But what I am dead against is class warfare and fraud. We are living in times where a two tier society is being created, if it hasn’t already been created. When the majority of the world’s population is drowing in debt to crooked banks and the world’s 85 richest people have more wealth than the poorest 3.5 billion people combined there is something drastically wrong. We live in a world where 85 people have a combined worth of $1 TRILLION whilst thousands of people die each day because they have no food and water.

The world is operated under a fraudulent and corrupt finance system, the men and women who crashed the world’s economy are living better than ever before. They have not gone to jail for their crimes.  We have the mega wealthy who oversee an army of wage slaves. But the wage slaves are happy because they have bread and circuses, Nando’s and X-Factor. A very telling sign of the times for me was the fact that four new entries in the rich list were the people behind Candy Crush Saga with fortunes of hundreds of millions of pounds. Whilst the world’s wealth is sucked into the pockets of a small minority the wage slaves are happy wasting their time in unproductive ways playing addictive yet ultimately pointless games. We argue over which sham government we want next to sell public assets to private companies and then we go and watch football.

Rat Race

rat

Education is key to get ourselves out of the rat race, we need to learn to play the game:

“If you look at the life of the average-educated, hard working person, there is a similar path. The child is born and goes to school. The proud parents are excited because the child excels, gets fair to good grades and is accepted into college. The child graduates, maybe goes to graduate school and then does exactly as programmed: looks for a safe, secure job or career. The child finds the job, maybe as a doctor or a lawyer, or joins the army or works for the government. Generally the child begins to make money, credit cards start to arrive in mass, and the shopping begins, if it hasn’t already. Having money to burn the child goes to places where other young people just like them hang out and they meet people, they date and sometimes they get married. Life is wonderful now because both men and women work. Two incomes are bliss. They feel successful, their future is bright and they decide to buy a house, a car, a television, take vacations and have children. The happy bundle arrives. The demand for cash is enormous. The happy couple decides that their careers are vitally important and begin to work harder seeking promotions and raises. They work harder; become better employees, even more dedicated. They go back to school to get more specialised skills so they can earn more money. Their incomes go up but so does their tax bracket they’re in and the real estate taxes on their new large home, and all the other taxes. They get their large pay check and wonder where all the money went; they buy their shopping on credit cards. The children reach 5 or 6 years old and the need to save for college increases as well as the need to save for their retirement.  That happy couple born 35 years ago is now trapped in the rat race for the rest of their working days. They work for the owners of their company, for the government paying taxes and for the bank paying off a mortgage and credit cards. Then they advise their own children to study hard, get good grades, and find a safe job or career. They learn nothing about money, except from those who profit from their naiveté, and work hard all their lives”-Robert Kiyosaki

The whole world is on the path to oblivion in the name of greed, the future is looking dreary for many because a select few want all the sunshine for themselves. We are on a road that is unsustainable and unless we want to experience the chaos that has befallen Ukraine we need to change our course. I once saw a meme that said “The rich of the world check your Rolex’s, the time of revolution is upon us”. It may have been correct.

This article is authored by Lee Cooper

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