So, what?Quote:
Originally Posted by anthonyvop
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So, what?Quote:
Originally Posted by anthonyvop
Say what?Quote:
Originally Posted by ioan
http://www.undrcrwn.com/storage/SAYH...=1282928220204Quote:
Originally Posted by Bob Riebe
Pay Gap Between Rich And Poor Growing Faster In UK Than Any Other High-Income Country
Just read this . . . . and not because it is in print does it mean it is true . . . . is it?
Pay Gap Between Rich And Poor Growing Faster In UK Than Any Other High-Income Country
Top earners draw away from lowest paid - FT.comQuote:
Originally Posted by race aficionado
The gap between the highest and lowest paid has grown more quickly in Britain than in any other advanced economy over the past three decades, reflecting a broader rise in inequality across the developed world.
- Financial Times, 05/12/11
UK Income Inequality Rising Faster Than Other OECD Countries
LONDON -- The gap between rich and poor has risen faster in the U.K. than in any other OECD country since 1975 and the U.K. government should consider increasing taxes on top earners to address the inequality, the Organization for Economic Cooperation and Development said Monday.
In a report on inequality, the OECD said income inequality peaked in the U.K. in 2000 and subsequently fell, but it began rising again in 2005 and is now well above the OECD average.
- NASDAQ, 06/12/11
Income inequality growing faster in UK than any other rich country, says OECD | Society | The Guardian
Top 10% have incomes 12 times greater than bottom 10%, up from eight times greater in 1985, thinktank's study reveals Income inequality among working-age people has risen faster in Britain than in any other rich nation since the mid-1970s, according to a report by the OECD.
- The Grauniad, 05/12/11
Once is fluke. Twice is coincidence. Three times is a pattern.
http://www.verumserum.com/media/2010...-confirmed.jpg
BTW, today Germany did break the 1000 billion Euro exports / year barrier, and are expected to reach 1075 billions by the end of this year.
The only country that exports more is China, who by the way is approx 14 larger as population.
This must be the reason why the US rating agencies think Germany should lose it's AAA rating, they are not making enough money to pay their debts! :rotflmao:
I guess it happens to everyone every now and then.Quote:
Originally Posted by henners88
I can live with that! ;)
Anyway, we are slightly derailing the topic, something I really don't want to happen in this case.
By punishing the higher earners with higher Taxes it in no way means the lower earners wages will improve. Actually the reverse would happen. The economy will suffer and People would lose jobsQuote:
Originally Posted by Rollo
The reasons underlying the OECD report have very little to do with taxation policy but rather punishing labour itself.
Admittedly Britain went through a rapid period of privatisation in the 1980s which did make those companies far more efficient than they were, but it didn't to a thing for the manufacturing industries which existed, not the firms which supported manufacturing.
Nor did privatisation do anything for the people who had been displaced, and now thrity years later we have particularly in the north of England and Scotland a generation of people who've grown up where no-one in the family has a job.
And with reference to this comment:
http://www.hmrc.gov.uk/stats/tax_str...1974to1990.pdfQuote:
Originally Posted by anthonyvop
Over the period, tax rates FELL dramatically not rose, and yet jobs departed Britain's shores. History has yet again proved you wrong.