The Rich Get Even Richer

In May 2014 the WPB highlighted the fact that the wealthiest people in Britain were getting even wealthier and guess what – they are still piling on the cash. Millionaires are now 875 times richer than the poorest 10% within British society.

The Office for National Statistics (ONS) have found that the assets of the richest 10% leapt by 21% between 2012-14, but that the poorest 10% only saw their incomes grow by 7%. The top 10% owned at least £1,048,500 in assets while the bottom 10% owned £12,600 or less.

The ONS released their findings at the same time as the Confederation of British Industry made the outrageous claim that the new living wage would damage the economy. Who are they trying to kid? £7.20 per hour allows people to survive, nothing more. No doubt they are more concerned with lining the pockets of the millionaires than helping the poor to survive.

Now Ian Duncan Smith’s Xmas message to the poor is that they should work an extra 200 hours a year to make up for benefit cuts. In fact this disgraceful suggestion wouldn’t even compensate for their losses.

If Britain is to prosper we need to have a high wage-high skill economy. Higher wages mean more taxes can be raised to fund services and fewer benefits need to be paid out. Wealth needs to spread amongst those who generate real wealth, working people. Poverty is a blight on society and needs to be eradicated.

ONS Report

The Workers’ Party Twitter Feed

In dealing with Covid19, Collectivism and Science have shown the way world wide; in Britain it's been Trade Unions and the NHS. Capitalism has shown itself unwilling & incapable of dealing with this crisis.

Caractacus Mann@CaractacusMann

From Yemen saying "Communism saves humanity." https://twitter.com/CPBritain/status/1308301456051597314

Neo-liberal managerial approach, from a neo-liberal political party. More evidence for ending the illusion that the Labour Party can ever be socialist which is based on a deeper illusion that the Parliamentary system and existing state can be reformed in the interests of workers.

Paul O'Connell@pmpoc

The British Labour Party ending its own furlough scheme a month before the national scheme, and letting employees go, in the midst of a global pandemic and on the cusp of an economic depression - under new management indeed:

In the USA we see a contradiction between aspects of neoliberalism; i.e. between authoritarianism of the state repressive apparatus and liberal economics of cuts in public services. Both aspects end up damaging workers.

Miles@UnitedLeftist

HUGE federal overreach here. https://twitter.com/kylehooten2/status/1308051304846065666

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