In the news

She’s obviously not very bright. And neither is Rebekah Vardy.

"Down and out in Paris and London" is still a scarily relevant book.

Edit: re catering, that is. Orwell never saw anything as grim as Wagatha Christie.

There was a discussion on this on R4 earlier and thier take was that it's all just to drive headlines and grow social media reach

Vardy has only so much social media appeal - I’m not sure it’s money she’ll see again .

A grim-faced Jamie Vardy signs a contract extension to 2035.

LOLZ

I think Rebekah Vardy is hoping to claw back some money with the Wagatha Christie trademark she has obtained, probably a book or a film deal too.

Gonna be good :popcorn:

Puff piece for the rich today: https://www.bbc.co.uk/news/articles/cqlvggr9qz5o

BBC really has gone to shit

Let's hope she has enough money left to pay for some decent lawyers to review manuscripts before they are published.

That's confusing. The article talks about the 'richest' people, then goes on to say they are the top earners. Which is it?

What's your beef with it? The fact that it only focuses on the 60 most wealthy?

It's hard to sympathise with someone earning £50m each year - as in 50 last year, anoher 50 this year, 50 the next, and the year after that...oh look £200m in between Olympics. That's nice.

Purely anecdotal csb....

.... but of the maybe 100 or so hnwi I used to engage with I only ever heard of two electing to leave London.

One (French > Mexico) because the combination of school fees, housing and tax meant they thought the cost to quality of life wasn't worth it. The other (German > Germany) bitched about tax and Brexit, but really it was being involved in bitter litigation and being rinced by the legal system. All the others were bankers who unwillingly moved following Brexit changes.

Spending what was almost 10yrs of my career listening to people explain how everyone was about to leave has possibly made me a bit complacent.

I do like the idea of an exit tax though. Let's just lock that one in now anyway and apply it retrospectively.

What's your beef with it? The fact that it only focuses on the 60 most wealthy?

I'm not sure that's what it does. It basically says that 60 people earning more than £50m paid £3bn in tax. It doesn't say that plenty of other people in that bracket paid fuck all (or thereabouts). It reads as 'hurray for the ultra-rich, they do their bit, we don't need to look at their tax arrangements at all'.

I’m not sure how well this will go. She clearly isn’t very bright at all, and the people around her (her team?) seem to be along for the ride rather than advising her properly.

What's your beef with it? The fact that it only focuses on the 60 most wealthy?

It's trying to big up how special these people are and how much of their 'hard earned' money they already pay. In its opening few paragraphs (which will be the most read) it also threatens the existential crisis of a rich people exodus.

It's a poorly written puff piece try to persuade the proles that the rich already pay their fair share and we should be lucky we get that.

I think she [RV] has already said something in relation to the costs award that Rooney's KC has said is possibly defamatory.

But Mr Dunne, noting the charges had been widely reported in the media as “evidence of the defendant wildly spending”, said they were “potentially defamatory” and steps would be taken.

It's kind of like my 14 year old starting to apologise to me for something and, within 20 seconds, telling me to fuck off.

Yeh the article I posted ^^^, the comments coming out of the Vardy camp are a train crash.

Hang on, £3bn divided by 60 is £50m each. So on average they must earn significantly more than £50 each per annum?

Yes. The rich are very very rich. Income inequality is rising too.

If you look at 'Percentile points from 1 to 99 for total income before and after tax' [1] then the differences grow fast. 50th percentile is 27,200. Double that and you get to 87th. Double it again and you get to 97th. You have to, almost, double it again to get to 99. The people in the article are the top 99.999.

[1] https://www.gov.uk/government/statistics/percentile-points-from-1-to-99-for-total-income-before-and-after-tax

I plotted a rubbish graph. Note how it goes exponential. The rich have all the money.

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What's the figure on the Y axis, annual income? Per person or per household?

Per person

For household there is this less granular graph. I can't be bothered to register to find the source and dig deeper but maybe you can?

Average gross income per household in the United Kingdom in 2021/22, by decile group(in GBP)

https://www.statista.com/statistics/813364/average-gross-income-per-household-uk/

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I think she [RV] has already said something in relation to the costs award that Rooney's KC has said is possibly defamatory.

Defaming a load of defamation lawyers seems to me a highly astute step. What could possibly go wrong?

I started a thread about this a long time ago ...

https://www.lfgss.com/conversations/183313/

It's all so depressingly samey after a while.

It's a poorly written puff piece try to persuade the proles that the rich already pay their fair share and we should be lucky we get that.

I wonder why that stuff still gets written.
In Germany the sentiment seems to be that the mega rich deserve all they have while people on benefits are the problem.