Sky News reported on Tuesday that the gap between rich and poor in the UK has reached its highest level for more than 40 years.
There has been a rise in the number of households living below the poverty line over the past 15 years. At the same time, households in already wealthy areas have tended to become disproportionately wealthier, with many rich people now living in areas segregated from the rest of society. The widening gap between rich and poor had led to a fall in the number of average households, which were classed as being neither rich nor poor.
History tells us that when the wealth gap widens sufficiently, a correction occurs. This NEVER favours the rich. More and more super rich people around the world realise that their wealth has responsibilities built in – there is a growing philanthrophic movement growing. It must grow even more if we are to secure the future.