Today is January 4, 2017. It has been dubbed fat cat Wednesday.
In our ever changing world fat-cat day highlights how some things never change.
The Guardian writes "The UK’s top bosses will have made more money by lunchtime on Wednesday than the typical UK worker will earn all year, according to an analysis that exposes the gulf between executives and the rest of the workforce. On “Fat Cat Wednesday” campaigners say that public anger with elites will intensify unless action is taken to tackle excess among executives at a time when pressures on household budgets are rising. The High Pay Centre calculated that the average FTSE 100 boss now earns more than £1,000 an hour, meaning they will pass the UK average salary of £28,200 by around midday on Wednesday. The thinktank said that after enjoying rapid earnings growth in recent years, leading bosses now typically earn 129 times more than their employees."
Yet unelected Tory PM Theresa May we assume wonders why her New Year calls for unity are a reason for anger and hilarity.
In 2016 fat cat day was Tuesday January 5 and this is what we wrote:
"Today Jeremy Corbyn is reportedly re-shuffling his cabinet to form an effective opposition to the Tory party, and boy do we need that; it is appropriate then that he is doing this on so-called 'Fat Cat Tuesday'.
As BBC News puts it "Top bosses will have earned [we would say been paid not earned] more money by the end of Tuesday than the average worker will do in a year, campaign group the High Pay Centre has claimed. The group has declared the day Fat Cat Tuesday, based on chief executives earning £5m a year, compared with the median UK salary of £27,645. The think tank says its aim is to highlight the "unfair pay gap"."
But bear in mind that 'median UK salary of £27,645' includes some highs and lows.
"The basic state pension is worth a measly £115.95 a week for a single person in 2015/16 (or £6,029 a year)." So it would take more than four years for a pensioner to receive that £27,645.
The State Pension may be a little more or less depending on your National Insurance contributions but it will remain a pittance and for many older citizens top ups such as free bus passes and a once a year fuel allowance is much needed.
Some people of working age have to live on income support and that is poverty in the making. Job Seekers Allowance, formerly the dole, is paid for a relatively short time and then it is income support until work is found. "The actual amount you get depends on your circumstances, but if you qualify and have no income you'll get at least £57.90 a week. You can claim Child Tax Credit if you claim Income Support and have children [correct at September 2015].
But the Tory government still has plans to slash Child Tax Credit. Their plan was initially scuppered in the House of Lords so now the Tories are closing any loopholes that may allow the Lords to act against such proposals in the future and planning to bring in watered down cuts.
But the Tories have failed to close the Mayfair Tax Loophole which helps the rich get richer at the expense of others.
This Tory government is set to lump many entitlements which they prefer to call welfare or benefits under one umbrella called Universal Credits.
At time of writing the six affected entitlements, paid for by your National Insurance contributions and those of others are:
If they succeed in rolling this out expect more Social Security, rebranded Welfare, entitlements to be dragged in.
As yet pensioners are safe; this is because they receive a pittance in many cases anyways, they usually vote and the theory is most vote Tory; this pensioner must be one of the exceptions to that rule.
UK PM David Cameron instigated a serious of damaging cuts and jumped on an austerity preaching bandwagon following the global economic banking crisis of 2008 and loves to profess 'we are in this together'.
Just what we are all in together is not clear.
Is it the pile of poop and poverty that he is turning the UK into?
Just who is this "we"?"