Small violin klaxon:

Quoted in FT regarding tax measures in Rachel reeves' budget, specifically various inheritance tax reliefs:

'Historic Houses, which represents more than 1,000 independently owned and operated houses, castles and gardens in the UK, said its members were in effect “rural small- and medium-sized enterprises” that were “often asset rich but cash poor”.'

If I was looking to secure sympathy over tax rises, stately home owners would not be my choice of example.

#taxes #wealth

Some years ago FT's How To Spend It supplement (now HTSI) was saved by reader pressure (many seemed to read it ironically).... nowadays it is a window into the walled garden of the liberal wealthy, who would reject the nouveau riche looks of Hello & the crass gold plated consumerism of the vulgar rich.... but who have the money to shelter them from the vicissitudes of contemporary life.

I used to read it & wryly smile at the relentless 'good taste'... now I more often grind my teeth

#wealth

https://www.cnn.com/2024/11/07/investing/billionaires-net-worth-trump-win/index.html

Wednesday wasn’t just a good day for Trump. The wealth of the world’s 10 richest people also soared by a record amount. The world’s 10 richest people got a record $64 billion richer from Trump’s reelection.

- Bloomberg’s Billionaire Index

#wealth #richestpeople #investing #billionaires

#UN #wealth #humanity #capitalism #imperialism #oligarchy #finance #debt #money #power #blackrock #vanguard #deepstate #banksters #poverty

The richest 1 percent grabbed nearly two-thirds of all new #wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new #Oxfam report today. During the past decade, the richest 1 percent had captured around half of all new wealth.

1% of people captured 2/3 of all wealth.

https://www.oxfam.org/en/press-releases/richest-1-bag-nearly-twice-much-wealth-rest-world-put-together-over-past-two-years

#Irish #workers #pay fell 3.9% behind inflation last year, equivalent to a €2,107 pay cut or working 8.3 days for free.
Most alarmingly, extreme #wealth and extreme #poverty have both increased - for the first time in 25 years
#Oxfam said there is an urgent need for#Ireland to discuss taxing #ExtremeWealth to balance #executive pay and #workers pay.

#InternationalWorkersDay

https://www.rte.ie/news/business/2023/0501/1380010-inflation-oxfam/