Britain's wealthiest people
saw their fortunes rise to record levels last year, according to the annual
Sunday Times Rich List, at a time when most Britons' earnings and savings were
squeezed by inflation and low interest rates. The combined wealth of Britain's
1,000 richest people swelled by almost 5% to more than £414bn, the highest
recorded by the 24-year-old survey.
If the political
system continues in its current form then the few remaining assets now
collectively owned (such as savings and housing) will fall rapidly into the
hands of the few. We are seeing the signs of all this now in ‘buy to let’
housing boom, the spike in the number of cash businesses and the clever ability
of large sections in the poorest areas to be able to finance and maintain
businesses and rental housing portfolios. Truth is lots of people make lots of money in these times (Re: pawn shops and payday loans) and if the
political will is not there to ensure fairness then the transfer of money from
the poor to the wealthy or the criminal begins. You may not be able to see it
yet but it is happening now on a massive scale.