The assetocracy & screwing the poor. | Brussels Blog

The assetocracy & screwing the poor.

posted by on 26th Dec 2021
26th,Dec

A Twitter thread on the main cause of inequality in the UK is below. This cause is …

The increase in property wealth of the rich and affluent.

Summary

  • 1. Wealth in Europe is 50% housing wealth: Wealth in all buildings is more than 50%.
  • 2. The value of the actual buildings is small compared to the land they stand on.
  • 3. 50% of the wealth in the UK is the right to have buildings on land.
  • 4. Planning restrictions on building keep the value of these “rights” high.
  • 5. The planning system is the major cause of inequality in the UK.

Share of wealth by category (housing, pensions, other)

 

https://www.telos-eu.com/fr/economie/la-richesse-au-xxe-siecle-une-reevaluation.html

The value of buildings & land

50% of the wealth of the UK is the right to have buildings on land

Where are the economists to comment on this inequality?

 

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