In 1990 UK billionaires had wealth equivalent to 4% of GDP, now they have wealth equivalent to 22% of GDP... and have hollowed out the UK's economy where the fruits of labours effort & innovation are captured by an elite who are getting richer & richer while the rest of us are trapped in an economy that fails to provide even a basic level of wellbeing & comfort for many.

The Labour Party no longer has an answer to this, if it ever did!

#inequality #politics #wealth
equalitytrust.org.uk/news/ghos…

Ghost GDP — Billionaire Britain and the Hollow Economy - Equality Trust

An analysis of how billionaire wealth, rentier capitalism and “ghost GDP” are hollowing out the UK economy, deepening inequality and weakening democracy.

^{Sofia Khan (Equality Trust)}

"The poor and the middle class pay taxes, the rich pay accountants, the very rich pay lawyers - and the ultra-rich pay politicians".

#Quote #GeorgeMonbiot #wealth #Inequality #Influence #Politics