Rishi Sunak, regarding the UK's current cost of living crisis, has been reported as saying.
[T]he toughest part of this job is not being able to do everything that people would like you to do because we’re already borrowing quite a large amount of money, and I don’t think borrowing lots more would be sensible.
Why does he imagine he needs to borrow? There's plenty of money out there.
The top 1% of the UK's population has the same wealth as the bottom 60% combined (i.e most of us).
The top 10% have almost half of all wealth (something like 47%).
In stark contrast, the bottom 50% of the UK's population have about 7% of all wealth (so the top 50% have 93% of all wealth).
I therefore simply have no sympathy for this "we have no money" line or references to "magic money trees". This is an emergency. He is morally obligated to make the distribution of wealth ever so slightly more equitable so that people don't go hungry or cold (and sometimes both).
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