The richest 10% are responsible for two thirds of all of the warming we've experienced – and if we all emitted as much as the richest 0.1%, we'd have already have 12.2C of warming. The richest are pushing us all towards collapse for their profits – we need to take control back.
NEW: UK’s billionaire wealth has become hugely extractive over the last 35 years. More and more billionaires and their wealth come from sources that contribute nearly nothing to the economy – like the over 1 in 4 billionaires who now get their wealth from property & inheritance.
The median pay for a FTSE 100 CEO has risen to £4.22 million according to @HighPayCentre. That's 113 times the median UK salary – in fact, they've already been paid the yearly median salary as of noon today. This level of inequality is unsustainable.
The richest 1% emit as much pollution as the poorest 2/3 of humanity, and they're making enormous profits off it. We need to start taxing the private jets and polluting investments of the ultra rich, and start investing in the rest of us.
The BBC political editor (260K pa) thinks it's
a story that the Downing Street chief of staff (170K pa) earns more than the PM (167Kpa).
Welcome to political journalism!
PS Laura Kuenssberg is on 325K, Nick Robinson 340K and Fiona Bruce even more.
https://t.co/cRKLTcLbki
Since 1990, billionaire wealth in the UK has exploded by over 1100%. In the last few years, we've seen record-breaking profits & shareholder payouts for banks, oil & gas, & more – we paid for those profits with painful bills, rents, & mortgages.
Tax the rich and invest in us.
Inequality is at the root of our escalating health, social, and environmental crises.
Find the updated and expanded Spirit Level at 15 reports, graphs, and event recording:
https://t.co/V2F64rE7EB
Surviving Winter 2023/24:
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Our full impact report is out now and available to download here: 👉https://t.co/aIkWKUTvol
Millions of children across the UK are in poverty, going to bed cold and waking up hungry. But scrapping the cruel two child benefit cap could help change that. Sign the petition now and call on Keir Starmer to lift this cap to make the UK a kinder place: https://t.co/R8jwee4X2e
The first #BBCQT since the General Election. The @LibDems secure the best showing for a third party in a hundred years. Do the BBC platform them? No. Let's stick the Greens on instead. Absolutely predictably pathetic.
I recall having to be quite assertive to be in that position, I was the Chair of the LD H of C Parliamentary Party. Much better balance in 2024 intake!!