Staggering wealth gap in the world - Gulf royal buys entire London car park

To store his collection of 80 supercars.
http://www.dailymail.co.uk/news/article-4207026/Gulf-royal-buys-Knightsbridge-car-park-21million.html

It's a 130 space underground car park in Kensington.

Clearly the nondom system, the tax system, the luxury tax system and the planning laws are not working.

We need a radical change, with proper levels of taxation on the super rich and high rates of adverse taxation on the global class of oligarchs and plutocrats who want to make London their private playground.

"But they worked hard for it"

Yes, inheriting staggering wealth accumulated from corrupt plutocracy in regimes maintained to service western corporate interests and armed to the teeth to suppress all dissent is incredibly hard work.

Yes, inheriting staggering wealth accumulated from corrupt plutocracy in regimes maintained to service western corporate interests and armed to the teeth to suppress all dissent is incredibly hard work.

So let's improve the system by taking money from these people and keeping it for ourselves, that's really going to make the world better


Posted from TSR Mobile

ikr? If you don't want Billionaires in this country then just start taking their money and they'll leave. Whoops, now the people at the top of the income scale are no longer here to put into our tax system. Derp. Labour tried this ages ago by increasing taxes for the rich and a lot left.

I think it's better to have a smaller tax everyone will pay than a large one only a few will pay.


Also the article clearly state this was a one off event.

To store his collection of 80 supercars.
http://www.dailymail.co.uk/news/article-4207026/Gulf-royal-buys-Knightsbridge-car-park-21million.html

It's a 130 space underground car park in Kensington.

Clearly the nondom system, the tax system, the luxury tax system and the planning laws are not working.

We need a radical change, with proper levels of taxation on the super rich and high rates of adverse taxation on the global class of oligarchs and plutocrats who want to make London their private playground.

Also the article clearly state this was a one off event.

Clearly the nondom system, the tax system, the luxury tax system and the planning laws are not working.

Goodness me, where to begin?

The wealth gap is not "staggering", it is perfectly reasonable and more than understandable if you recognise what is meant by wealth.

Sole wealth is the value of all goods and services belonging to an individual [1], which includes liquid entities like money, but also includes investment, property and other assets which have a value.

Therefore, for most people, you are not going to be able to accumulate wealth until you have been able to earn money over a prolonged period. In order to have wealth, first you must work. In order to be wealthy, you must have worked for a long time. Hence, wealthy people tend to be older.

Just because you are not wealthy, that does not mean you live in poverty. I am a student and my net wealth is in the negative, but my standard of living is perfectly adequate. Indeed, people who have a mortgage, student loans, car finance or any other financial obligation will also likely have little wealth, but this does not mean they are struggling financially.

It is silly to try and exacerbate economic inequality by quoting the wealth gap, since it is not an indicator of economic wellbeing and its interpretation is wholly misrepresentative.

IN to see how the right wing nutters on this site spin this.

You seriously think that Gulf royals have done anything remotely resembling 'earning money'?

Good on him for investing in UK infrastructure.

If you are suggesting that the money has ended up in the wrong hands, then that is a different topic of conversation. However, to question the legitimacy of their wealth is silly.