Wednesday, 8 May 2013

More Wealth Inequality in the UK

Following on from my previous post on the subject, I'm adding a further graphic to illustrate the wealth imbalance in the UK (click graphic to enlarge):

The data is drawn from the same source as before. The figures above the percentages represent individual wealth at those points in the spectrum, so readers can gauge their own position (for shadenfreude or covetousness!).

Apart from the occasional half-hearted condemnations of bankers and executive culture, the press in the UK obsesses on welfare claimants and immigrants. The data shows that wealth inequality is the major driver of dysfunction in developed societies:
People in more equal societies live longer, have better mental health and have better chances for a good education regardless of their background. Community life is stronger where the income gap is narrower, children do better at school and they are less likely to become teenage parents. When inequality is reduced people trust each other more, there is less violence and rates of imprisonment are lower.
Rather than restricting welfare for the poorest in society and returning vast sums to the richest, then, we should be voting for politicians who look to redress the imbalance so apparent in the graphic above.

h/t again to Mother Jones for the original article.

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