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28-year-old atop one of world's oldest fortunes faces backlash


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Image result for 28-year-old atop one of world's oldest fortunes faces backlash "

 

 

 

Wealth inequality has become intolerable. Until these people start dying nothing will change.

And the cheerleaders for aristocracy have to be dealt with mercilessly.

 

 

https://www.msn.com/en-us/money/markets/28-year-old-atop-one-of-worlds-oldest-fortunes-faces-backlash/ar-BBXXXEP?ocid=spartandhp

(Full article at above link)

 

 

Hugh Grosvenor, the seventh Duke of Westminster, is the U.K.’s third-richest person.

He’s tried to stay out of the spotlight since inheriting his title in 2016, but these days it’s almost impossible for a billionaire, especially one with a global property empire, to remain in the background.

Criticism is mounting for the Duke and his Grosvenor Group Ltd. The firm faces opposition to its plans to demolish a London tower that houses some of the city’s poorest residents, attracting negative headlines as rising inequality becomes an increasingly hot topic. Labour Party leader Jeremy Corbyn in October blasted the 28-year-old as a “dodgy landlord,” part of a broad-based attack on U.K. billionaires and the “rigged system."

This leaves the Grosvenor Group in an unenviable position with this week’s election.

If the Conservative Party under Boris Johnson wins the Dec. 12 vote -- the most likely scenario based on polls -- then Brexit will follow, potentially devaluing London property.

But if Labour can form a government, the family’s fortune may face an existential threat. Corbyn is campaigning on higher taxes for the wealthy, restrictions on landlords and has also suggested public registers for the type of trusts that discreetly manage the wealth of the Grosvenor family and other dynastic clans.

A Labour government “would require far more transparency of wealth, particularly with trusts,” said Richard Murphy, professor of international political economy at City University of London. The Duke “didn’t choose to be what he is, as it’s an accident of birth, but he is a personification of a form of property ownership whose time has now passed.”

“With these huge fortunes, power has become extraordinary concentrated in the U.K. and goes virtually unchallenged,” said John Christensen, chair of Tax Justice Network, an advocacy group that pushes for financial transparency. “That has created a country of two parts with a tiny, very wealthy and powerful elite and the rest who are struggling and by and large all the tax provisions are geared to taxing those who are not elite. It’s a massive distortion.”

A spokesman for the Duke of Westminster declined to comment.

 

 

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They should be made to eat out of their toilets.

 

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5 minutes ago, drvoke said:

Image result for 28-year-old atop one of world's oldest fortunes faces backlash "

 

 

 

Wealth inequality has become intolerable. Until these people start dying nothing will change.

And the cheerleaders for aristocracy have to be dealt with mercilessly.

 

 

https://www.msn.com/en-us/money/markets/28-year-old-atop-one-of-worlds-oldest-fortunes-faces-backlash/ar-BBXXXEP?ocid=spartandhp

(Full article at above link)

 

 

Hugh Grosvenor, the seventh Duke of Westminster, is the U.K.’s third-richest person.

He’s tried to stay out of the spotlight since inheriting his title in 2016, but these days it’s almost impossible for a billionaire, especially one with a global property empire, to remain in the background.

Criticism is mounting for the Duke and his Grosvenor Group Ltd. The firm faces opposition to its plans to demolish a London tower that houses some of the city’s poorest residents, attracting negative headlines as rising inequality becomes an increasingly hot topic. Labour Party leader Jeremy Corbyn in October blasted the 28-year-old as a “dodgy landlord,” part of a broad-based attack on U.K. billionaires and the “rigged system."

This leaves the Grosvenor Group in an unenviable position with this week’s election.

If the Conservative Party under Boris Johnson wins the Dec. 12 vote -- the most likely scenario based on polls -- then Brexit will follow, potentially devaluing London property.

But if Labour can form a government, the family’s fortune may face an existential threat. Corbyn is campaigning on higher taxes for the wealthy, restrictions on landlords and has also suggested public registers for the type of trusts that discreetly manage the wealth of the Grosvenor family and other dynastic clans.

A Labour government “would require far more transparency of wealth, particularly with trusts,” said Richard Murphy, professor of international political economy at City University of London. The Duke “didn’t choose to be what he is, as it’s an accident of birth, but he is a personification of a form of property ownership whose time has now passed.”

“With these huge fortunes, power has become extraordinary concentrated in the U.K. and goes virtually unchallenged,” said John Christensen, chair of Tax Justice Network, an advocacy group that pushes for financial transparency. “That has created a country of two parts with a tiny, very wealthy and powerful elite and the rest who are struggling and by and large all the tax provisions are geared to taxing those who are not elite. It’s a massive distortion.”

A spokesman for the Duke of Westminster declined to comment.

 

 

Image result for golden bathroom"

 

 

They should be made to eat out of their toilets.

 

You are just like this mother.

 

Want to see a horrible mother?  Go to 1:58...this is child abuse no matter what yer politics are.

 

 

 

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2 hours ago, drvoke said:

Image result for 28-year-old atop one of world's oldest fortunes faces backlash "

 

 

 

Wealth inequality has become intolerable. Until these people start dying nothing will change.

And the cheerleaders for aristocracy have to be dealt with mercilessly.

 

 

https://www.msn.com/en-us/money/markets/28-year-old-atop-one-of-worlds-oldest-fortunes-faces-backlash/ar-BBXXXEP?ocid=spartandhp

(Full article at above link)

 

 

Hugh Grosvenor, the seventh Duke of Westminster, is the U.K.’s third-richest person.

He’s tried to stay out of the spotlight since inheriting his title in 2016, but these days it’s almost impossible for a billionaire, especially one with a global property empire, to remain in the background.

Criticism is mounting for the Duke and his Grosvenor Group Ltd. The firm faces opposition to its plans to demolish a London tower that houses some of the city’s poorest residents, attracting negative headlines as rising inequality becomes an increasingly hot topic. Labour Party leader Jeremy Corbyn in October blasted the 28-year-old as a “dodgy landlord,” part of a broad-based attack on U.K. billionaires and the “rigged system."

This leaves the Grosvenor Group in an unenviable position with this week’s election.

If the Conservative Party under Boris Johnson wins the Dec. 12 vote -- the most likely scenario based on polls -- then Brexit will follow, potentially devaluing London property.

But if Labour can form a government, the family’s fortune may face an existential threat. Corbyn is campaigning on higher taxes for the wealthy, restrictions on landlords and has also suggested public registers for the type of trusts that discreetly manage the wealth of the Grosvenor family and other dynastic clans.

A Labour government “would require far more transparency of wealth, particularly with trusts,” said Richard Murphy, professor of international political economy at City University of London. The Duke “didn’t choose to be what he is, as it’s an accident of birth, but he is a personification of a form of property ownership whose time has now passed.”

“With these huge fortunes, power has become extraordinary concentrated in the U.K. and goes virtually unchallenged,” said John Christensen, chair of Tax Justice Network, an advocacy group that pushes for financial transparency. “That has created a country of two parts with a tiny, very wealthy and powerful elite and the rest who are struggling and by and large all the tax provisions are geared to taxing those who are not elite. It’s a massive distortion.”

A spokesman for the Duke of Westminster declined to comment.

 

 

Image result for golden bathroom"

 

 

They should be made to eat out of their toilets.

 

 

What the hell is "wealth inequality"?

 

Go make your own wealth and stop targeting other's. 

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2 hours ago, drvoke said:

Wealth inequality has become intolerable. Until these people start dying nothing will change.

And the cheerleaders for aristocracy have to be dealt with mercilessly.

 

But you love Zuckerberg and the modern Data Baron multi-billionaires.

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18 minutes ago, Redoctober said:

What the hell is "wealth inequality"?

 

Go make your own wealth and stop targeting other's. 

 

They can't stand the idea that someone has more - DESERVES more - than they have/do.

 

Dr. Joke is your typical coveteous liberal beggar, too dumb and/or lazy to earn it himself so he deputizes others to steal it for him from the producers.

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1 hour ago, drvoke said:

Image result for aoc billionaires "

 

Why would you post that? It just makes you and her look even more stupid.

 

Look at the words she used "allows". Doesn't that scare the crap out of you? He is talking about control of private wealth. What red-blooded American would agree with this evil notion of organizing a society?

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