A Burning Question : Mon Nov 16, 2015 11:16 pm  

After a half-hearted search of the net, I wonder if anyone with more energy than I, could answer a question?

If the entire wealth of Britain was shared equally amongst the population, how much would each individual have?

Re: A Burning Question : Mon Nov 16, 2015 11:18 pm  

£176.52

Re: A Burning Question : Mon Nov 16, 2015 11:25 pm  

roversmad wrote:

£176.52

I said Britain, not Hull

Re: A Burning Question : Mon Nov 16, 2015 11:38 pm  

The Devil's Advocate wrote:

I said Britain, not Hull

£211.62

Re: A Burning Question : Tue Nov 17, 2015 1:43 am  

IIRC it's approx £8tn which averages out to around £120k per person or £280k per household.

Though of course a large amount of this is notional as, again IIRC, there's only approx £2tn of "money". The rest is in assets such as housing, buildings, land, cars, machinery etc.

Re: A Burning Question : Tue Nov 17, 2015 10:19 am  

Wealth and money are not the same thing.

And it's impossible to answer the question.

Re: A Burning Question : Wed Nov 18, 2015 12:30 am  

Mugwump wrote:

Wealth and money are not the same thing.

And it's impossible to answer the question.

Well, somebody had a stab at it.

Him wrote:

IIRC it's approx £8tn which averages out to around £120k per person or £280k per household.

Though of course a large amount of this is notional as, again IIRC, there's only approx £2tn of "money". The rest is in assets such as housing, buildings, land, cars, machinery etc.

Cheers for that .

I'm a little surprised at that, what with the richest 1% owning as much as the poorest 55%.

Re: A Burning Question : Wed Nov 18, 2015 1:03 am  

The Devil's Advocate wrote:

Well, somebody had a stab at it.

Cheers for that .

I'm a little surprised at that, what with the richest 1% owning as much as the poorest 55%.

To be fair Mugwump is right really in that it's virtually impossible to assess the wealth of the entire nation as things like houses etc that aren't "money", their value is based on it being sold in the current situation. If everybody were selling their houses in order to distribute it across the population then the value ascribed to them (or anything else) would plummet.

It still doesn't get away from the obvious point though that the money, wealth and opportunity in this country could be distributed a lot more fairly.

Re: A Burning Question : Wed Nov 18, 2015 1:15 am  

Global wealth US$3m per person.

Re: A Burning Question : Wed Nov 18, 2015 7:49 am  

The mere act of measuring money or wealth changes it. Which is why it's impossible to get any kind of reliable accounting.

Try determining an accurate figure on the actual amount of physical gold held by a particular nation and you'll see money appear and disappear before your very eyes. I imagine the number of bodies fished out of the river would rise appreciably, too.