Page 7 | If all the wealth in the UK were split evenly amongst inhabitants...

eurasa · 2023-03-28T17:24:15+00:00

Where would we all sit? If the assets/money of the 68 million inhabitants were collated and split between us all (for arguments sake let's say adults only, but trying not to get into the tiny specific semantics here), how much would we all get? There are so many people with no assets and living in poverty, but then there are a number of people with such outrageous wealth. I guess I'm asking where the mean would come out at. (Just following a conversation between DH and I, who don't know economics enough to make a good suggestion! Not a journalist!)

SerendipityJane · 29/03/2023 14:32

Butteryflakycrust83 · 29/03/2023 14:29

AHAHAHAHA

Accurate.

Currently sat next to the marketing department.....

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So what colour should a wheel be ?

Queenofscones · 29/03/2023 14:42

pikantna · 29/03/2023 13:27

I love the way this has ruffled some feathers

Not sure the people spluttering over the concept of wealth redistribution are bright enough to actually hold on to any wealth they gain themselves, given their lack of reading comprehension and inability to answer the question OP asked, but I have really enjoyed reading that spluttering all the same

It was a ridiculous question in the first place. Define assets. Assets just of individuals or also the state? What about debts? What about the non-doms and people who live here but have massive amounts of money stashed overseas? Do we include all that? OP seems focussed on those with 'outrageous wealth'. Is it just those peoples' wealth she wants, or everyone's?

Original poster

eurasa · 29/03/2023 14:51

@Queenofscones pahahah! It was a question about the mean wealth in the country 😂😂 I honestly don't know why this has pissed on so many peoples chips.

OP posts:

Original poster

eurasa · 29/03/2023 14:53

Beautiful3 · 29/03/2023 13:32

What about everyone's debts, would they be shared too? A rich person may have money in the bank to share, yet owe a million pound mortgage on their property. Another might be a doctor who has 5 years university fees and debt to repay. People would give up working hard, and we'd have zero doctors/solicitors/dentists etc. What's the point In years of training, just to have your money stripped. We'd end up just growing/making and selling. As only fools would work harder for the same amount of money. Perhaps taking away the concept of money would work better. E.g. No-one gets any.money at all. Government assigns everyone roles pending on their iq and carreer assessments. We all work for each other, for free. Housing/clothing/schools and cars are all free and standardised. As long as we all work our roles.

Yeah I guess for purposes of this theoretical question all assets, money and debt would be distributed equally

OP posts:

Lovelyring · 29/03/2023 15:01

You can't use median wealth to work this out surely? I mean, say everyone bar one person had a wealth of £1, and the last person was a billionaire. The median wealth is £1 but that's obviously not what people would have after redistribution.

Queenofscones · 29/03/2023 15:05

eurasa · 29/03/2023 14:51

@Queenofscones pahahah! It was a question about the mean wealth in the country 😂😂 I honestly don't know why this has pissed on so many peoples chips.

There you go again — the mean wealth in the country? What does that mean? Individual cash in banks and property and pension funds and investments? Money and property held by the state?

If you want an answer you have to set the parameters.

Believeitornot · 29/03/2023 16:28

Queenofscones · 29/03/2023 15:05

There you go again — the mean wealth in the country? What does that mean? Individual cash in banks and property and pension funds and investments? Money and property held by the state?

If you want an answer you have to set the parameters.

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It’s just a way of trying to avoid engaging with the actual thought experiment which, I read as, do some people have way too much compared to others 🤷🏻‍♀️

Other ways of looking at it could be, is a person earning £2m a year in capital gains worth more than 20 teachers? For example?

Queenofscones · 29/03/2023 17:09

Where in her OP did she say that?

Crazykatie · 29/03/2023 17:14

We are who we decide to be, we all make choices from our teens onwards it those choices direct our lives, who our friends are, how much we benefit from school, which partner we choose, what career we choose. I don’t have a lot of sympathy with those that made all the wrong decisions, I was a nurse and absolutely everyone “could” had done what I did if they tried.

If they didn’t, they made the wrong choices, I see young people making the wrong choice every day.

Twoshoesnewshoes · 29/03/2023 18:42

I don’t agree at all that we are who we decide to be.
even two houses next door, same school, same street…maybe one child has books, a desk, their own room. Maybe child next door has none of these things, and perhaps an alcoholic parent, or domestic violence in the house, illness:…
none of these things were chosen by the children and all of them will have a significant and enduring impact on their life chances.

SleepingStandingUp · 29/03/2023 18:49

Crazykatie · 29/03/2023 17:14

We are who we decide to be, we all make choices from our teens onwards it those choices direct our lives, who our friends are, how much we benefit from school, which partner we choose, what career we choose. I don’t have a lot of sympathy with those that made all the wrong decisions, I was a nurse and absolutely everyone “could” had done what I did if they tried.

If they didn’t, they made the wrong choices, I see young people making the wrong choice every day.

But not everyone has the prep pre teen to know they can make those choices. A neglected child who's ridiculed for reading, who's told they're shit every day of their childhood, you really think THEY'RE to blame for not growing up believing they can be a doctor or an astronaut? For not knowing how to go about picking the right GCSEs because they're parents won't take them to the info evenings, and they're then pushed into a vocational course at 16 that'll earn them some money, for making shit choices in a life partner because they've never had healthy ones modelled? For believing they're still worthless but also desperately looking for love, even if it comes with flying fists cos eh, that means I love you in their house?

Being a nurse clearly doesn't make you empathetic or a very nice person. Maybe you need to examine your choices and work out why.

And that's before we get into genetics abc disabilities.

SleepingStandingUp · 29/03/2023 18:51

Lovelyring · 29/03/2023 15:01

You can't use median wealth to work this out surely? I mean, say everyone bar one person had a wealth of £1, and the last person was a billionaire. The median wealth is £1 but that's obviously not what people would have after redistribution.

But OP never said median. She said mean. Which is correct.

FloydPepper · 29/03/2023 18:57

SleepingStandingUp · 29/03/2023 18:49

But not everyone has the prep pre teen to know they can make those choices. A neglected child who's ridiculed for reading, who's told they're shit every day of their childhood, you really think THEY'RE to blame for not growing up believing they can be a doctor or an astronaut? For not knowing how to go about picking the right GCSEs because they're parents won't take them to the info evenings, and they're then pushed into a vocational course at 16 that'll earn them some money, for making shit choices in a life partner because they've never had healthy ones modelled? For believing they're still worthless but also desperately looking for love, even if it comes with flying fists cos eh, that means I love you in their house?

Being a nurse clearly doesn't make you empathetic or a very nice person. Maybe you need to examine your choices and work out why.

And that's before we get into genetics abc disabilities.

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👏

Crazykatie · 29/03/2023 21:02

“Being a nurse clearly doesn't make you empathetic or a very nice person. Maybe you need to examine your choices and work out why. “

I just have to pick up the pieces, drugs, teenage pregnancies, dropping out of school, women that don’t put the fathers name on the birth certificate, no I don’t have empathy. You choose to take drugs, get drunk, hang out with criminals, gang violence, so you follow the script, treat them and move on.

emmag1925 · 30/03/2023 00:48

Crazykatie · 29/03/2023 17:14

We are who we decide to be, we all make choices from our teens onwards it those choices direct our lives, who our friends are, how much we benefit from school, which partner we choose, what career we choose. I don’t have a lot of sympathy with those that made all the wrong decisions, I was a nurse and absolutely everyone “could” had done what I did if they tried.

If they didn’t, they made the wrong choices, I see young people making the wrong choice every day.

What do you do now that you're not a nurse?