A report by an inequality panel has revealed that the gap between rich and poor has widened under Labour. The report called An Anatomy of Economic Inequality in the UK found that the household wealth of the top 10% of the population is over 100 times higher than the wealth of the poorest 10%.
Responding to the report the Prime Minister said that the findings were surprising in view of his support for the banking system over recent years. "By allowing bankers, among others, to make huge wads of cash this government has created a strong basis for sustainable 'trickle down'. As we all know, 'trickle-down' is the means by which the poor benefit from the increasing wealth of the rich. As the rich get richer the 'trickle-down' becomes more rapid and enriches the poor.
"Now, not only have I made the rich richer since Labour came to power, but in 2008 when it looked as though the rich would get poorer I gave money to the banks to ensure that the rich would stay rich. This meant that bonuses could be paid to the bankers and they could in turn pay taxes back into the public coffers and spend their money on goods and services that benefited the poor."
The Prime Minister continued, "It is indeed surprising that the trickle down has not yet worked, but this is the best evidence yet that this government needs a fourth term, in order to complete its work, and to ensure ultimately that more trickles down to the poor."
Finally the Prime Minister was asked, "Wouldn't it have been easier if you had given all that money directly to the poor?"
He replied, "We are not a charity."
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Sustainable bullshit more like
ReplyDeleteWe are not a charity indeed, but that is not to say that we are not charitable.
ReplyDeleteBrown, first as Chancellor, then as PM has achieved the worst of both worlds - he has squandered billions on social engineering schemes and create a labour-voting welfare class at the expense of the overtaxed middle class. And after all that money was spent inequality has actually got worse than it was under Thatcher.
ReplyDeleteThe role of governments is government. It isn't a case of being charitable, but of employing all the instruments of government to prove that they should be in government.
ReplyDeleteIf that makes any sense
I blame the target culture. To a great extent it has made the government a hostage to fortune. Poverty in this case is a relative measure, a percentage share of income. Sadly a lot of government effort has gone towards meeting the targets and not actually tackling the poverty.
ReplyDeleteThe gap has probably widened not so much because the poor have got poorer but because the rich have got much much much richer.
ReplyDeleteIs it possible to stop this happening without hampering the economy, is the question.
Its a joke... and this government has the nerve to bang on about the class system!
ReplyDeleteHarriet Harman claimed Labour had arrested the growing poverty gap in PMQ's today, can you believe it? Outright lie.
ReplyDeleteWonder what Mandy meant when he said he was intensely relaxed about the filthy rich?
ReplyDeleteThings can only get better
ReplyDelete