OT a frightening thought

[Geoff Parkstone]

Swale: "It is however sobering to think that according to the Credit Suisse Global Wealth Report, the world’s richest 1%, those with more than $1 million, own 44 percent of the world’s wealth. Just think if they actually used some of that money to improve the life chances of others what a difference that would make!"

Here you go again - $ 1 million assets again makes you amongst the world's richest 1%. So every homeowner in the southeast that has been in pensionable employment for, lets say, 25 years or more are amongst the world's rich elite? It is indeed sobering to think that I and many many other people should sell our houses and/or bust open our pensions in order to support others.

Its a theory, maybe its even a plausible one, but it aint one that has got the legs to go anywhere. For the last 20 years or so successive governments (not just Tories) have incentivised people to save for their future and retirement, whilst reducing in spending terms the value of state aid past the retirement age. Can you seriously expect someone in this position to suddenly become an international philanthropist

[swaledale]

Swale: "It is however sobering to think that according to the Credit Suisse Global Wealth Report, the world’s richest 1%, those with more than $1 million, own 44 percent of the world’s wealth. Just think if they actually used some of that money to improve the life chances of others what a difference that would make!"

Here you go again - $ 1 million assets again makes you amongst the world's richest 1%. So every homeowner in the southeast that has been in pensionable employment for, lets say, 25 years or more are amongst the world's rich elite? It is indeed sobering to think that I and many many other people should sell our houses and/or bust open our pensions in order to support others.

Its a theory, maybe its even a plausible one, but it aint one that has got the legs to go anywhere. For the last 20 years or so successive governments (not just Tories) have incentivised people to save for their future and retirement, whilst reducing in spending terms the value of state aid past the retirement age. Can you seriously expect someone in this position to suddenly become an international philanthropist

GP this is not me saying that and I don't know the basis on which its calculated, if its net worth then a million is a lot, if its assets, then not so much. But you ignore the message which is nearly half the world's wealth is in the hands of 1% of the worlds population, that should give you food for thought!