A new study sheds rare light on attitudes to wealth and inequality among the UK’s top 1% – and reveals that even when you’re rich,you can still feel deprived by ‘vast income inequality’Even members of Britain’s highest-paid 1% dont feel particularly well-off, according to a new study by the London School of Economics – because of comparisons they execute with the 0.1% super-rich with whom they rub shoulders.“Due to the vast absolute incompatibility among the 1%, or top income earners experience ‘relative disadvantage’, the report, A Relational Analysis of Top Incomes and Wealth, or states. “They are deprived compared to others at the top,while being aware of their advantage compared to the general population.”I feel very poor in the context of the classmates [of my kids] ... I’d say nine or 10 of their parents hold over £100mNo one could represent what I earn as being unbiased. It’s just the marketWhy do some people get paid so little, and people like me get so much? I certainly don’t judge I’m worth £140000 Related: The Inequality Project: the Guardian's in-depth contemplate at our unequal world Continue reading...
Source: theguardian.com