
jim smith
4.8K posts

jim smith
@JimSmith_BE
Christian. Former crime reporter for the Butler Eagle. Texas Longhorn alum. Salt Lick BBQ brisketeer. Hook 'em 🤘 Unvaxxed. No DMs



The UK has a far flatter income distribution than the Communist Soviet Union. The UK take home minimum wage for working a full time job (40-hours) is now £22,555. At £100k salary, the take home is £68,558. That is a net income ratio of 3.04:1 We are now at the point where the wage compression and taxes in the UK means that the difference between minimum wage and a top 5% salary is a net income difference of only ~3x. In the USSR using the same comparison, this figure never fell below 5:1 It's actually even worse in reality because the person earning £100k in the UK often has student loans. Britain is nominally capitalist but functionally communist. China is nominally communist but functionally capitalist. Funny how that works.



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