Cut the ultra-rich, not the poor!

Submitted by martin on 10 May, 2011 - 11:50

On 8 May the Sunday Times reported: "the 1,000 multimillionaires in [its] Rich List are £60.2 billion better off than they were in 2010".

In 2010, they were £77 billion better off than in 2009. Over two years since near the lowpoint of the global finance crash, they have gained £137 billion, a 53% rise in their stash to £396 billion.

Compare that with the total of £81 billion which the coalition government is cutting from public spending.

Why not say that the richest one thousand have had "too much", rather than the relatively poor people who will lose out from the government's cuts?

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