Raedwald has an interesting little catch.
Save the Children says that the minimum income necessary to not be in poverty for a couple with two children is £626.43 a week.
No, really, £626.43 a week post tax. £32,574.36 a friggin\’ year.
Now this isn\’t entirely accurate but it is indicative*. Average household income is below £30,000 post tax. In fact, only the top quintile has an income higher than this poverty figure.
That is, 80% of households in the UK are poor.
Well, at least we\’ve worked one thing out I guess from this stupidity. Redistribution isn\’t going to be able to solve this problem. We\’d need at least £200 billion (calculated by eyeballing, so sue me….yes, this does include already the taxes already paid and benefits already received) a year to bring all of the households in the bottom three quintiles up to this standard. That\’s more than the total post tax incomes of the top quintile.
There just isn\’t enough money out there to do it.
* It\’s not accurate because of course not all households are made up of a couple with two children. But in the absence of my finding other figures it is indeed indicative.