Opinion – Income inequality: poverty falling faster than ever but the 1% are racing ahead | News | The Guardian – John Gelmini

Dr Alf raises an interesting point via this Guardian article but this trend is now unstoppable.

The wealthy often have London property and other assets which shoot up in value, so are making money all the time even whilst sleeping. They have disposable income, so that they can make further investments and they can use a 5 flags strategy to nullify any tax liability.

The poor have debts and no disposable income, even if they are working (GE produced figures in 2007 which showed that 80% of people in the UK had less than £500 gbp in their bank accounts at any one time, hardly enough for a cheap holiday let alone an investment).

16% of the UK population cannot get access to finance on standard terms, so they are unable to realistically finance a business.

The wealthy have access to cheap money and the powerful connections necessary for putting lucrative deals together, whereas the poor have no such access.

The same goes for the children of the rich who through schooling, university, internships and lodge memberships from an early age are put into the frame for success.

For the great unwashed who do not know how this works and lack the drive to figure a way out of their financial prison there is little in the way of meaningful advice let alone practical help.

The public school and Oxbridge educated apparatchiks at the Guardian should save their mock surprise and stop pretending that they care about the poor. So far their record in terms of tax avoidance through Guardian Media Services and their record of non egalitarianism in that they usually hire from groups of left-wing champagne socialists, like themselves demonstrates their utter hypocrisy at every level.

John Gelmini

Opinion – Iran Backs Away From Key Detail in Nuclear Deal – NYTimes.com – John Gelmini

Sadly, I think that the Iranians are stalling, and are making fools out of Kerry and Obama and the West.

Dr Alf is right in this regard, as per some of his earlier posts.

Attacking Natanz can only be done by the Americans, using powerful thermobaric weaponry and that would be regarded as an act of war by Russia. Israel lacks the capability to attack Natanz, so the need is to concentrate the minds of the Ayotollahs without triggering war.

Using weather warfare to decimate Iran’s crops and food supply and create a small earthquake to destroy Natanz might be part of the solution and holding out the possibility of a wealthier secular future under a more Western friendly regime might be the way to stop the present regime’s trouble-making short of going to war.

John Gelmini