Tag Archives: inequality

It’s beyond infuriating.

We’ve waited 14 long years for a so-called centre-left Chancellor, only to find ourselves on the brink of more belt-tightening when we desperately need bold, transformative action. After the havoc of a global pandemic, a bruising cost of living crisis, and a recession that destroyed the livelihoods of millions, Rachel Reeves is already sounding the alarm for further austerity. Instead of rallying for the public investment we so desperately need, she’s searching for corners to cut and taxes to squeeze from the working and middle classes. But let’s be clear: the money to fund our public services is out there. The only thing missing is the political will to seize it.

We’re teetering on the edge of an inequality crisis so severe, it threatens to tear the very fabric of our society apart. The problem is not those on six figure salaries, it’s not even really the millionaires—it’s about the billionaires at the summit, whose wealth allows them to wield power and privilege in ways that are as undemocratic as they are dangerous. 

If we don’t embrace radical wealth redistribution, we’re condemning ourselves to a future where the super-rich rule over the rest, unchecked and unchallenged.

In the last few years alone, UK-based billionaires have seen their fortunes soar by 1000%, concentrating economic power in the hands of a microscopic elite. Elon Musk, the world’s richest man, is the poster child for this grotesque disparity. When Musk bought Twitter, he acquired a global loudspeaker to broadcast his toxic, transphobic race-war baiting rhetoric. This is not benign accumulation of wealth; it’s a direct assault on democracy itself. In a country like the UK, where social tensions are simmering at best, Musk’s actions are a recipe for disaster.

And let’s not forget  J K Rowling. Her wealth has given her a platform to dismiss the rights of trans people—a group she neither belongs to nor understands.

The influence of billionaires isn’t just a moral abomination. It’s a fundamental threat to the economy. Since the onset of the Covid-19 pandemic, the number of billionaires in the UK rose by 20%, while the rest of us were plunged in to a cost-of-living crisis and the highest tax burden in a generation.

When a handful of individuals control more wealth than millions of citizens combined, they can bend politics and policy to their will, sidelining the needs of the many.  This isn’t just wrong – it’s a betrayal of the social contract, a breach of the promise that every person should have a fair shot at success.

The billionaire class doesn’t just hoard wealth,  they weaponise it. They use their riches to lobby for tax breaks, deregulation, and policies that entrench their power and rig the system even further in their favour. This isn’t simply an economic issue,  it’s a moral crisis. A society that allows such staggering inequality to flourish is one where the social fabric is ripping at the seams, where the chance for upward mobility is little more than a cruel joke.