Britain is a rich country with the world’s 6th largest economy and the highest tax income for decades, which raises a simple question - why do we seem so broke?
Why does Britain feel so poor?
https://martinrobbins.substack.com/p/von-6-why-does-britain-feel-so-poor
8 Comments
wolfylow@lemmy.world · 29 pts · 1y
Because we’re heading back to the Victorian era in terms of inequality. At that time we were the pre-eminent world power and yet we had masses of people living in abject poverty.
tal@lemmy.today · 9 pts · 1y
https://en.wikipedia.org/wiki/Victorian_era
https://ifs.org.uk/inequality/wp-content/uploads/2021/11/IFS-Deaton-Review-The-history-of-inequality-1.pdf
That doesn't look a lot like Victorian-era levels of inequality to me.
I think that the points highlighted in the article are probably stronger. For example, the author mentions housing:
It's true that the UK has exceptionally small per-capita space allocated to housing compared to similarly-wealthy countries. I suppose that one could argue about whether that's a positive or negative --- I think that many people have made a valid point that people here in the US are purchasing housing that's inefficiently large, putting too much of their assets into real estate --- but it's an aspect where the UK really is unusual compared to peers.
kagis
This is just the first result that comes up. It isn't a per-capita visualization, but I think that it definitely drives home the point:
https://worldpopulationreview.com/country-rankings/house-size-by-country
goes looking for a per-capita measurement
Here we go; I've seen this visualization before.
seven_phone@lemmy.world · 21 pts · 1y
Because the money is being siphoned off and away from the population to just exactly the places you would guess. It is more evident in Britain as we are a later stage capitalist state than most.
Gradually_Adjusting@lemmy.world · 21 pts · 1y
If you don't tax the rich, you lose your country
HubertManne@piefed.social · 18 pts · 1y
Its worldwide and it all comes down to wealth disparity. Just look at the disparity in even the top ten or 100 lists of wealthiest people and corporations. Musk is like double the person below him most of the time. That is why he can fuck things every which way and stay on top. The numbers are insane. Over a hundred people for people and market caps in trillions for corps while regular folks are trying to get by and thousandaires.
NigelFrobisher@aussie.zone · 14 pts · 1y
It is poor. The City bled billions/trillions of pounds out of the economy into tax havens for decades, and the GFC and COVID accelerated the process.
leraje@lemmy.blahaj.zone · 8 pts · 1y
Redundant question when the government have just announced they're taking money from disabled people but are considering not taxing huge tech orgs.
tacosanonymous@lemm.ee · 5 pts · 1y
It’s insane. No one does anything until they start losing money. It’s all fucked and I hate it.
CapriciousDay@lemmy.ml · 2 pts · 1y