It doesn't ignore the top 5%, it just doesn't show it on a graph as all you would have is huge extension on the right hand side with very few people on it. It's always the same with this sort of thing when you have an unbounded top percentile.
According to that site I'm in the top 1% so I can safely say that you don't have to be earning a 6 figure salary, never mind a 7 figure one, to be considered rich.
bottom 11%
Surely big employers like supermarkets should be able to offer a full time 40hr contract job though?on 6.62p/hr that'd take you over the threshold where you can claim w tax credit (as a single person). Everyone on the base wage i know has poxy 15-30odd hr contracts which keeps them "flexible" but have to top up pay with tax credits. Just a full time contract will do you ****s! It's npt like there isn't plenty of work to be done and reliable people wanting to do it
The old lefty that I am finds it difficult to understand why multimillion profit-making companies pay staff minimum wages then let the taxpayer make-up the shortfall with benefits. Subsidised labour, obviously. Even worse when it's that stupid slave labour thing that been going on.
The old capitalist that I am agrees entirely. State subsidy is just wrong.
According to that site I'm in the top 1% so I can safely say that you don't have to be earning a 6 figure salary, never mind a 7 figure one, to be considered rich.
Well I am well below you, although in the 7th percentile so better of than most. And I do consider myself to be reasonably well off.
I do think the benefits of higher tax are worthwhile, cleaner streets, lower crime, better education etc etc Even though I am clearly not one of the big winners in life even at my level I was willing to pay more tax, in fact I left the UK to work in a higher tax country.
But it doesn't surprise me that someone in the top 1% places greed as their primary concern.
But it doesn't surprise me that someone in the top 1% places greed as their primary concern.
That's not the point I was trying to make. What I was trying to say was that if someone in the top 1% is not making a 6 figure salary, what level of salary would someone in say the top 25% be making? It may well be considerably lower than many people think. As an example keeping my situation the same a salary of 25000 would put me in the top 20%.
And I do consider myself to be reasonably well off.I do think the benefits of higher tax are worthwhile, cleaner streets, lower crime, better education etc etc Even though I am clearly not one of the big winners in life even at my level I was willing to pay more tax, in fact I left the UK to work in a higher tax country.
As do I, which is why I have passed on many perfectly legal opportunities to pay considerably less in tax than I currently do.
That will be the case with very many people and anyone who calls for a blanket "tax the rich" would do well to check to see exactly where they fall in such a breakdown. I suspect that more than a few of them would temper their enthusiasm when they realise how it would affect them.
Whilst I'm happy to pay more tax for a fairer society, the Conservatives are only interested in lower tax for the super rich and increasing the burden on the middle classes.
Inequality in the UK is staggering - forget being in the top 5% of the wheredoyoufitin, we're all very poor compared with the top 1%:
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I should point out that I'm certainly [i]not[/i] in that top 1% graph posted by footflaps.
I should point out that I'm certainly not in that top 1% graph posted by footflaps.
Peasant! 😉
the plain fact is that disparity in income/wealth has grown massively since a certain regime changed tack about 34 years ago-- this will only lead to more division, social unrest, and a lowering of every one's quality of life-- bar the super rich who live in their bubble --you can tinker with tax, subsidise wages, penalise claimants, its all designed to divide and rule....
[url= http://farm9.staticflickr.com/8246/8654976662_6f349fc6c8.jp g" target="_blank">
[url= http://www.flickr.com/photos/brf/8654976662/ ]Blame poor people[/url] by [url= http://www.flickr.com/people/brf/ ]brf[/url], on Flickr
