{"id":75467,"date":"2017-12-30T01:32:25","date_gmt":"2017-12-29T18:32:25","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-labours-share-bigger-slice-needed-editorial\/"},"modified":"2017-12-30T02:03:24","modified_gmt":"2017-12-29T19:03:24","slug":"the-guardian-view-on-labours-share-bigger-slice-needed-editorial","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-labours-share-bigger-slice-needed-editorial\/","title":{"rendered":"The Guardian view on labour\u2019s share: bigger slice needed | Editorial"},"content":{"rendered":"


\nCapital is being hoarded by a wealthy few in Britain. The state should intervene to ensure more people have a greater shareWhen the Labour party this year reopened the debate about whether the state should become an owner of parts of British life, it was derided as a throwback to the failed ideologies of the 1970s. Yet the surging inequality apparently endemic to modern-day capitalism is cause enough for the state to intervene. What is becoming increasing clear is that the shares of national income received by the owners of capital and labour are diverging. If this is allowed to continue unabated wealth will, like a century before, become concentrated in a patrimonial caste: a small group of rich rentiers able to live lavishly on the fruits of its inherited wealth while the rest struggle to keep up.Britain is on its way to such a future. The wealthy have been quietly accumulating capital: whether that is physical, such as houses; intangible, such as brands; or financial, such as shares. When income generated by capital grows rapidly, the very richest benefit disproportionately. Since the crash, in the UK corporate profits, dividend payouts and the stock market have all risen sharply, but wages have barely budged. If the ownership of capital were distributed equally, this wouldn\u2019t matter much as all citizens would all share in the rise in profits, dividends and rents. However, the wealthiest 10% of UK households now own 45% of the nation\u2019s wealth, while the least wealthy half of all households own just 9% Continue reading…
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\nSource : theguardian.com
\nRead more…The Guardian view on labour\u2019s share: bigger slice needed | Editorial<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Capital is being hoarded by a wealthy few in Britain. The state should intervene to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-75467","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-jDd","jetpack-related-posts":[{"id":149342,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-labour-can-make-homes-more-affordable-letters\/","url_meta":{"origin":75467,"position":0},"title":"How Labour can make homes more affordable | Letters","date":"February 2, 2025","format":false,"excerpt":"\r Puncturing this Ponzi scheme is the only way, writes John Worrall. Starmer doesn\u2019t have the guts, says Stan Collins. And Rob Harris doesn\u2019t want to see capital gains tax applied to his homeGeorge Monbiot (Home truths: the only thing Labour is building is a bigger, more dysfunctional housing market,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146757,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/former-sunak-adviser-urges-labour-to-introduce-wealth-tax-on-housing\/","url_meta":{"origin":75467,"position":1},"title":"Former Sunak adviser urges Labour to introduce wealth tax on housing","date":"August 17, 2024","format":false,"excerpt":"\r The economist behind the Covid furlough scheme has called for \u2018unfair\u2019 council tax and stamp duty to be axed in EnglandCouncil tax and stamp duty are \u201cunfair and unpopular\u201d English taxes that should be abolished, says the economist who devised the Covid furlough scheme.Tim Leunig, who has advised a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137926,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-rise-impact-will-dwarf-energy-bills-crisis-for-uk-homeowners\/","url_meta":{"origin":75467,"position":2},"title":"Mortgage rise impact \u2018will dwarf energy bills crisis\u2019 for UK homeowners","date":"June 25, 2023","format":false,"excerpt":"\r Tories warned about threat to middle earners as Labour increases lead among mortgage holders and Lib Dems target blue wall areasThe growing mortgage timebomb facing millions of households will \u201cdwarf the energy bill crisis\u201d for many middle earners, ministers are being warned, amid new evidence that Labour is amassing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25749,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/young-people-are-harder-to-pin-down-than-labour-thinks\/","url_meta":{"origin":75467,"position":3},"title":"Young people are harder to pin down than Labour thinks","date":"September 11, 2016","format":false,"excerpt":"\r Corbyn\u2019s concern for the young is genuine. But even millennials are tempted by the Tory prospect of untaxed property wealth cascading down the generationsLabour\u2019s conference delegates meet in Liverpool in a couple of weeks with a sense of ethical purity after officials banned McDonald\u2019s from buying a stand to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":163453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/labour-commits-to-capital-gains-tax-but-cant-say-if-interest-expenses-will-be-deductible\/","url_meta":{"origin":75467,"position":4},"title":"Labour commits to capital gains tax, but can\u2019t say if interest expenses will be deductible","date":"October 28, 2025","format":false,"excerpt":"\r Labour won't commit to allowing interest write-offs under its capital gains tax policy.\r \r Source : nzherald.co.nz\/Property\r Read more...Labour commits to capital gains tax, but can\u2019t say if interest expenses will be deductible","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104295,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/editorial-pity-if-capital-gains-tax-too-hot-for-labour-to-handle\/","url_meta":{"origin":75467,"position":5},"title":"Editorial: Pity if capital gains tax too hot for Labour to handle","date":"February 23, 2019","format":false,"excerpt":"\r EDITORIAL If the Labour Party had any illusions about the fight it will face to bring in a capital gains tax, it knows now. Within 24 hours of the public receiving the recommendations of Sir Michael Cullen's tax working group the...\r \r Source : nzherald.co.nz\/Property\r Read more...Editorial: Pity if\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/75467"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=75467"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/75467\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=75467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=75467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=75467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}