That is a display of market incomes. It\’s from ASHE, compiled by the ONS. Perfectly good numbers, but it simply isn\’t incomes. It is pre-tax, pre-benefit, market incomes only. As I say, within those confines, they\’re perfectly good numbers.
But they\’re just not \”incomes for Britons\” because we have a tax and benefit system which redistributes those market incomes.
Is this more than just pedantry? Yes, actually, it is. I think most lefties would argue that we should have higher taxes on the rich and more money going to the poor. That we should have more redistribution a la Sweden rather than no redistribution at all like Hong Kong.
Say we moved to either of those extremes from what we currently have. How would the graph change?
Not one single iota.
So it\’s not actually a very useful graph, is it?