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Poor Poor London
Former Member
Posts: 1,876,323 The Mix Honorary Guru
According to a recent report (can't be arsed to find a link), London has the highest average wage and property prices in Europe.
By a strange quirk of coincidence it also has the highest poverty levels with 53% of children living below the poverty level .
(NB 30% in Chilly Jockland and something like 35% in the sheepworrying Welsh Hills)
So is this something about which we should be ashamed, or is it a case of *shrugs shoulders* well "that's just the way it is"?
By a strange quirk of coincidence it also has the highest poverty levels with 53% of children living below the poverty level .
(NB 30% in Chilly Jockland and something like 35% in the sheepworrying Welsh Hills)
So is this something about which we should be ashamed, or is it a case of *shrugs shoulders* well "that's just the way it is"?
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Comments
With regard to property prices and the cost of living part of the problem is that some people get paid too much. I know a number of people holding City jobs and even some mediocre position within the company will return £35,000 plus about 10K in bonuses. Anyone with a fancy job title like market analyst or PR consultant can earn £45,000+ plus a handy 15K-20K annual bonus. And we are talking about kids in their mid-twenties who have no real skills or merits to earn such massive amounts of money. These people go on to buy fancy flats in Clapham for the asking price without questioning the price and push the cost of living in London through the roof.
The gap between the top and bottom earners keeps growing, and as a result more and more children fall below the poverty line. This is a direct consequence of free-market mentality, resistance to pay taxes and savage capitalism. And it will continue to get worse unless wealth is distributed more fairly.
An interesting (for want of a better word) statistic about Margaret Thatcher’s premiership: When she went to office 16% of children in this country fell below the poverty line. When she left Downing Street the figure was 33%.
London has many problems and there should be a serious attempt to remedy them, control the property market and tax the rich
Granted the gap between rish and poor maybe getting bigger but on average everyone in the UK is getting richer and better off, we live longer and the infant mortality rate is down.
If you dont like capitalism so much move to cuba or somewhere, I think its pointless to bitch about it, its the only system that works, take any socialist/communist country and see what their like, the vast majority are horrible places to live.
I'm not saying that children living in poverty is a good thing, its clearly not but I dislike the argument towards a easy solution like focing people to get paid less or higher taxes. Its not as simple like that.
It isn't an issue of not liking capitalism, its a case of trying to strike a happy medium.
I'm surprised that anyone thinks it is acceptable - in a supposed first world country - for such a high number of children to be living in poverty.
[edited to add link:
Details are here ]
Nah, from what I remember of the story it's based on income (same figure across the country), so if that's true - and wages are higher in London - then that just makes things worse.
Guess I need to check.
I assume its relative, but its still not acceptable..........
Bongbudda you think we should all get paid by exactly how much we add to the economy?
I don't think a lot of people would be very happy with that performance related pay for all, the joys of capitalism hey?
Whats your solution then Bongbudda, entrust our lives to the power of the markets, won't we all be so happy.....:rolleyes:
Higher taxes looks like a good option to me and it certainly isn't 'simple' it is just the best way to redistribute...........
I didnt say that I think that people should get paid what they put into the economy, I ment that its easy to point out that people get paid a lot more than others, but they are generating wealth which whether you like it or not benefits us all.
Look at Hong Kong for example, they have one of the lowest tax burdens in the world, freest trade and generaly belive in the market and they have one of the highest standards of living in the world. They may all live on top of each other but they are rich.
OR you could raise the amount of tax put on business, our coperate tax is quite low, again overheads go up so therefore prices rise and so on.
OR you could raise the amount of tax on goods, prices rise and so on.
See a patern here?
I can understand your argument for a fairer system, I really can, I'm just not sure that just raising taxes is the way forward.
No one who owns more than 100K should make any fuss about getting an extra 5% (or 15%) of extra tax on the amount of their salary exceeding £100,000. Especially considering it is very difficult to justify why someone deserves to earn a six-figure salary.
I think most workers living in poverty in London are immigrant’s illegal/legal. I work in London and you see in most food outlets and coffee shops its er, well lets just say it isn’t English people working their, because whether you like it or not, we simply wont do them kinds of jobs!
Where as the immigrants will take any jobs that they can! They also end up living in the shit hole areas of London!
Sad but not much you can do without everything going to shit!
Also, we cannot begin to compare with Hong Kong, because the work ethic all over Asia is incredibly powerful, whereas Europeans are (on the whole) lazy and ill-disciplined, something that has dogged us since the growth of the unions in the thirties. Say what you like about Americans (and trust me, I'm not a fan), they work pretty hard and earn a lot, and they've never had much truck with unions.
Talking of which, there was recently an attempted strike by the fire servicein a US city, I forget which. The army were called in, and the firemen were made to get back to work. Discuss...
Since when has there been any kind of historical precedent for that? And what you don't think people demand higher wages right now?
Even if they wanted them, they wouldn't get them.
And tax the richest fat cats, what are they going to do? Raise their salaries by the amount that the tax is raised? Somehow I don't think shareholders are going to like that. And if by some chance this does happen, well then its time to start thinking of putting a wage cap on the highest earners...
Lets see a stereotypical poor family
Dad(if there): 40 a day fag habit. (£2500 pa) Drinking day in day out (£1000 pa) Buying junk like Nike Trainers (£70) and Playstation 2s with a widescreen tv on HP.
Mother: 40 a day fag habit. Vodka Habit. Shoe and clothes habit.
14 year old child: 20 a day habit. Beer and Cider habit. Sweets and computer games habit.
10 year old child: No chance at life because mum and dad choose that they would rather kill themselves with lung cancer than help the children with their free education. By now he's probably commiting some minor crimes, not long before starting to drink and smoke.
There are families like this and they seem to appear to become more and more prominant in society.
Fact?
:banghead:
"stereotypical" being the key word of that sentence I think...
Hmmm...now why do you think they would buy heavily advertised consumerist items like nike trainers? And why would they buy stuff like alchohol and Playstation 2's and big TV's which would enrich their otherwise dull and lifeless lives?
What would you suggest they do with their money? Invest it in stocks and shares?
No chance in life? Well the people you just mentioned were 10 once, and this is how they ended up how they are. Help if you followed things through to their logical conclusion.
And to be honest I'm not sure what your point was in this post?
Let's have a "stereotypical" uneducated post.
Dude, best you do a little research before posting such shite.
A firm candidate for the Stupid, Bigoted and Moronic Post of the Year.
They would mind and thats the point. If the tax burden goes up any more then voters are going to vote differently and we'll all end up with a government who promises to bring down taxes.
And a wage cap? Hmmm, exactly how are you going to enforce that? It would cost way and above whatever benefit you would gain to enforce it.
Wealth creates wealth, having rich people is good for everyone.
Trying to force equality on people just wont work.
Firms seek to maximise profits by running as efficiently as possible that measn maximising revenues subject to minimising costs, there is no way that any frim needs to pay their execs 1000 times the pay of the average worker to gwt the best out of them..............
How so?
A good case-study about wages paid to board executives vs. floor workers: 3 or 4 years ago BT was making £125 profit per second . That's about £2.5bn per year. Does anyone think the former success of the company, the fact that customers stuck with BT and didn't go to others and therefore generated profits for the company, was due to the workforce of the tens of thousands of workers who kept the company running, or the 12 or so fat cat directors who sat on their arses all day in the boardroom doing pretty much fuck all?
At the height of this profit-making bonanza the company sacked workers in their thousands, with the sole purpose of making even more profits. In one year alone- in which the company declared a pre-tax profit of £1.8bn, if memory serves- the company made redundant a cool 8,000 people. Does anyone believe this mass cut-cutting operations, born entirely out of pure greed, might have had something to do with the reverse in fortunes the company has experienced?
Surely not a case of capitalist greed being a company's downfall!
So i'm right wing. Does that scare you with your liberal upbringing? Do you want a kind of MacCarthyism but against the right? Please.
I personally can't see the post for the grammatical errors.
Did anyone mention your politics then?
We said that you posted stupid shit, makes no difference if it's left or right wing, its still stupid shit.
:rolleyes: :rolleyes: :rolleyes: :rolleyes: :rolleyes:
Do you actually belive rich people work harder than poor people?
Do you actually think a poor person working in some blue collar job wouldnt trade it in INSTANTLY for a nice white collar job and double the salary??
Excellent comeback, "my shit's better than your shit", tell me is this all your own work or did you get a five year old to help you?
BTW Indoctrinated by whom?
Its not like people get paid 100K and then dont spend a single penny do they. Even if they left it all in the bank then the bank would have more money to invest and loan out and more oppotunites would be created.