While many people are worrying about paying their bills in January after the excesses of Christmas. It was revealed this morning in the Telegraph that one London street has homes valued at £8.1 millions. These houses are a stone’s throw from Harrods and belong to the super-rich. They can afford the best and never need worry about the next gas and electric bill.
News from over the pond in the USA this week was that the rich have increased their wealth by around 15% in the past year. That doesn’t surprise me, the rich are getting richer all over the world. Governments print more money and it disappears. Are you getting your share? Or are you even worse off?
Stop coddling the super-rich: Buffett
I agree with Warren Buffett and I agree with David Cameron; but that’s another story! Warren Buffet actually wants to see tax increases for the super-rich in the United States; he is rich and a patriot, putting his country first. I think the UK can learn something from this. How about tax increases for everyone earning over £100,000 a year; at least temporarily until the deficit is paid off. (more…)