{"id":47014,"date":"2019-12-03T07:36:24","date_gmt":"2019-12-03T07:36:24","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=47014"},"modified":"2019-12-03T07:36:24","modified_gmt":"2019-12-03T07:36:24","slug":"the-issue-with-wealth-is-some-peoples-incomprehension","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2019\/12\/03\/the-issue-with-wealth-is-some-peoples-incomprehension\/","title":{"rendered":"The issue with wealth is some people’s incomprehension"},"content":{"rendered":"

As the Guardian reports this morning, and I am not going to even seek to pr\u00c3\u00a9cis this:<\/p>\n

The UK\u2019s six richest people control as much wealth as the poorest 13 million<\/a>, according to research by the Equality Trust. They are businessmen Gopichand and Srichand Hinduja (\u00a312.8bn); Sir Jim Ratcliffe, boss of Ineos chemicals (\u00a39.2bn); hedge fund manager Michael Platt (\u00a36.1bn); and property developers David and Simon Reuben (\u00a35.7bn each).<\/p>\n

Their combined fortune of \u00a339.4bn jars very heavily with news that at least 135,000 children in Britain will spend Christmas homeless<\/a> \u2014 the worst it has been in 12 years. Polly Neate from Shelter said: \u201cDay in, day out we see the devastating impact the housing emergency is having on children across the country. They are being uprooted from friends; living in cold, cramped B&Bs and going to bed at night scared by the sound of strangers outside.\u201d<\/p><\/blockquote>\n

But as I noted from conversations in the City<\/a> yesterday, the concern there is people moving home because of taxation when the concern should be people haing homes at all.<\/p>\n

I tweeted last night on this theme, noting:<\/p>\n

It is said that F Scott Fitzgerald once said to Ernest Hemingway \u201cErnest, the rich are different from us\u201d, to which it is said Hemingway replied \u201cYes, they have more money\u201d.<\/p><\/blockquote>\n

And that is the difference. But the human need remains the same. What I struggle with is the incomprehension of this reality by some, for whom the money blinds them to all else.<\/p>\n","protected":false},"excerpt":{"rendered":"

As the Guardian reports this morning, and I am not going to even seek to pr\u00c3\u00a9cis this: The UK\u2019s six richest people control as much
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[147,106,150],"tags":[],"class_list":["post-47014","post","type-post","status-publish","format-standard","hentry","category-inequality","category-politics","category-wealth-tax"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/47014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=47014"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/47014\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=47014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=47014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=47014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}