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One more data point: https://equalitytrust.org.uk/scale-economic-inequality-uk https://equalitytrust.org.uk/scale-economic-inequality-uk So the wealth gini co

One more data point: https://equalitytrust.org.uk/scale-economic-inequality-uk https://equalitytrust.org.uk/scale-economic-inequality-uk So the wealth gini coefficient is indeed lower I expected. The income gini coefficient however is among the highest in Europe, just as I expected. Is it possible you're cherry picking statistics?

dukeyukey 3y ago
No it isn't - I'm well aware UK income inequality is high, whereas wealth inequality is quite low. That's why I said "wealth inequality", and that Thatcher improved it. Right-to-Buy basically made home ownership vastly more accessible to the working class in a way that hadn't happened before. It's bad that it coincided with an economic reworked that we're still recovering from, but I can't discuss everything in every comment.
- ben_w 3y ago
  I'm not sure how much the right to buy directly increased wealth vs. the lack of subsequent council house construction which changed supply vs. demand and drove up the market prices for all houses. To me, house price inflation feels like all other inflation: the number may be going up, but people aren't actually better off for it.
  - kranke155 3y ago
    Pretty much. Right to Buy made her popular, and made a single generation of people richer, but at the cost of destroying the housing market in the long term.
Rinzler89 3y ago
In the link you shared according to 2022 Gini wealth inequality[1] the UK is right in the middle, not too high, not too low. Who's the one cherry picking statistics? The highest wealth inequality according to that, is in Sweden. [1] https://equalitytrust.org.uk/sites/default/files/images/hero/giniwealth2022.png?s512311d1675709262 https://equalitytrust.org.uk/sites/default/files/images/hero...
- kranke155 3y ago
  Yeah I saw that. Every other indicator is going the other way however, as I’m sure you can tell since you read the article.

dukeyukey 3y ago

No it isn't - I'm well aware UK income inequality is high, whereas wealth inequality is quite low. That's why I said "wealth inequality", and that Thatcher improved it. Right-to-Buy basically made home ownership vastly more accessible to the working class in a way that hadn't happened before. It's bad that it coincided with an economic reworked that we're still recovering from, but I can't discuss everything in every comment.

ben_w 3y ago
I'm not sure how much the right to buy directly increased wealth vs. the lack of subsequent council house construction which changed supply vs. demand and drove up the market prices for all houses. To me, house price inflation feels like all other inflation: the number may be going up, but people aren't actually better off for it.
- kranke155 3y ago
  Pretty much. Right to Buy made her popular, and made a single generation of people richer, but at the cost of destroying the housing market in the long term.

Rinzler89 3y ago

In the link you shared according to 2022 Gini wealth inequality[1] the UK is right in the middle, not too high, not too low. Who's the one cherry picking statistics? The highest wealth inequality according to that, is in Sweden. [1] https://equalitytrust.org.uk/sites/default/files/images/hero/giniwealth2022.png?s512311d1675709262 https://equalitytrust.org.uk/sites/default/files/images/hero...

kranke155 3y ago
Yeah I saw that. Every other indicator is going the other way however, as I’m sure you can tell since you read the article.