As I know I have a lot of socialists on my flist, I thought that whenever I update the Red Book, I'd post it here. This allows my socialist buddies to gape in horror at the inequality of modern society, and allows my non-socialist buddies to get a glimpse of what it is that angers me.
And look! I found a little friendly Red Book userpic. How cool am I?
Most of what goes in the Red Book is articles from newspapers, so I can produce the links, thusly:
http://business.guardian.co.uk/story/0,,2 082466,00.html
Unfortunately, the nice graphs are often missing from links.
To those too lazy to read, that links to a story about how inequality today is the same as in Thatcher's time. Pre-tax, the top fifth of households earn 16 times more than the bottom fifth, with £68700:£4200. After tax and benefits, they still have four times more, £49300:£13500.
Overall, the poorest fifth pay the largest proportion of their income in taxs. This is due to indirect taxes charged at a standard rate such as VAT.
So, tell me that isn't pretty screwed up.
And look! I found a little friendly Red Book userpic. How cool am I?
Most of what goes in the Red Book is articles from newspapers, so I can produce the links, thusly:
http://business.guardian.co.uk/story/0,,2
Unfortunately, the nice graphs are often missing from links.
To those too lazy to read, that links to a story about how inequality today is the same as in Thatcher's time. Pre-tax, the top fifth of households earn 16 times more than the bottom fifth, with £68700:£4200. After tax and benefits, they still have four times more, £49300:£13500.
Overall, the poorest fifth pay the largest proportion of their income in taxs. This is due to indirect taxes charged at a standard rate such as VAT.
So, tell me that isn't pretty screwed up.
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