{"id":586,"date":"2015-04-27T10:16:14","date_gmt":"2015-04-27T10:16:14","guid":{"rendered":"http:\/\/www.glentree.co.uk\/blog\/?p=586"},"modified":"2020-06-30T16:25:30","modified_gmt":"2020-06-30T16:25:30","slug":"thoughts-on-the-sunday-times-rich-list-2015","status":"publish","type":"post","link":"https:\/\/www.glentree.co.uk\/blog\/2015\/04\/thoughts-on-the-sunday-times-rich-list-2015\/","title":{"rendered":"Thoughts on the Sunday Times Rich List 2015"},"content":{"rendered":"

The much read Sunday Times Rich List has come at an inauspicious time particularly given that there is a fully fledged class war being raged by the socialistically inspired Labour\/SNP Party in the run up to next week’s Election.<\/strong><\/p>\n

Yes, a number of the mega rich individuals have appeared to become wealthier although there are exceptions to this as the Rich List<\/a> clearly demonstrates.\u00a0 What it does tell us is that anyone who has assets (property, shares\/bonds etc.) has done well over the years and those who are reliant on salaries have fallen behind.<\/p>\n

With Margaret Thatcher\u2019s release of former council houses to the private sector in the 80s the person on the \u2018Clapham omnibus\u2019 was, for the first time, able to move from rented accommodation to buying their own home and, thereby, controlling their destiny.\u00a0 Anyone who had the foresight to do this has made a small fortune over the years.\u00a0 This increase in net wealth, through property ownership, has provided some families with a nest egg for the future which, ordinarily, they would not have had, a means by which they can help their descendents get on to the property ladder (via the \u2018Bank of Mum and Dad\u2019 )and become less dependent on the State.<\/p>\n

It\u2019s not true that all the wealthy have become wealthier and the poor poorer due to the growth in asset inflation.<\/p>\n

What do we learn from this?\u00a0People should try and\u00a0qualify for the government instigated Help-to-Buy Scheme and instead of spending \u00a0money on rent put it into servicing a mortgage and, as asset inflation continues its relentless rise, the mortgage debt will shrink over time in relation to the asset value and, before you know it, they too will be, in a small way, part of the Rich List.<\/p>\n

You don\u2019t make the poor richer by making the richer poor (quotation; Winston Churchill).<\/p>\n

Written by Trevor Abrahmsohn.<\/em>
\nFollow Trevor on Twitter.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The much read Sunday Times Rich List has come at an inauspicious time particularly given that there is a fully fledged class war being raged by the socialistically inspired Labour\/SNP Party in the run up to next week’s Election. Yes, … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-viewpoint"],"_links":{"self":[{"href":"https:\/\/www.glentree.co.uk\/blog\/wp-json\/wp\/v2\/posts\/586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.glentree.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.glentree.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.glentree.co.uk\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.glentree.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=586"}],"version-history":[{"count":9,"href":"https:\/\/www.glentree.co.uk\/blog\/wp-json\/wp\/v2\/posts\/586\/revisions"}],"predecessor-version":[{"id":1892,"href":"https:\/\/www.glentree.co.uk\/blog\/wp-json\/wp\/v2\/posts\/586\/revisions\/1892"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.glentree.co.uk\/blog\/wp-json\/wp\/v2\/media\/589"}],"wp:attachment":[{"href":"https:\/\/www.glentree.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.glentree.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.glentree.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}