The
scale of wealth inequality in the UK suggests that taxing wealth may have a role in reducing inequalities in economic resources.
While we would expect households with older adults in them to have more wealth than younger households due to saving and asset accumulation, this only explains a small proportion
of wealth inequalities in Britain.
«Such staggering levels
of wealth inequality threaten our democracy, compound racial and class divisions, undermine social cohesion, and destabilize our economy,» the report says.
«We want and need the right
amount of wealth inequality to fuel the creative ambition that leads people to seek a better financial future.»
In particular, we are considering whether there are equal or similar opportunities to accumulate wealth in the UK as well as whether the
outcomes of wealth inequality cause socio - economic problems.
• According to a 2012 report complied by Emmanuel Saez and Gabriel Zucman, the top 0.1 % of families in the US own almost the same share of wealth as the bottom 90 % combined — signaling levels
of wealth inequality not witnessed since the Great Depression.
The Robert Reich doc «Inequality for All» lays out the
problem of wealth inequality in stark, yet humane ways — a double feature with «Wolf of Wall Street» would be stunningly sobering.
We published Wealth inequality: key facts in December to stimulate debate and then identified a number of key questions about the nature of any «problem»
of wealth inequality.