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szdaily -> Kaleidoscope -> 
Britons ‘less hostile toward the rich’
    2019-02-14  08:53    Shenzhen Daily

BRITONS are less hostile to the super-rich than people in other countries, an international study has found.

A survey has shown that Britain has a friendlier attitude toward the wealthy compared to some nations.

The poll of 4,000 people in Britain, the U.S., France and Germany, commissioned by Rainer Zitelmann, an economic historian in Berlin, found Britons to be less hostile to the filthy rich.

Participants were asked if they agreed with the statement that “the super-rich, who always want more power, are to blame for many of the world’s problems.”

One in five Britons agreed, compared with a quarter of Americans, a third of French and half of Germans.

The poll also showed that Brits were more sympathetic to millionaires that had fallen on hard times.

They were asked to imagine a situation in which the seriously wealthy had lost a fortune through a risky investment.

Britons held a margin of 38 to 22 percent, while the Germans and Americans and Germans were almost equally divided.

Dr. Zitelmann said, “It was extraordinary.

“We developed a social envy coefficient, which measures the proportion of ‘enviers’ to ‘non-enviers’ in a society. France and Britain were at opposite ends of the spectrum.”

Results, which appear in Dr. Zitelmann’s book, “Society and the Rich,” showed that only 29 percent of British participants would be in favor of “drastically” reducing the salaries of the highest paid executives and giving more money to workers.

A huge difference to the French where 54 percent were in support.

The number of millionaires in the U.K. has risen sharply in recent decades.

A total of 3.6 million British households held wealth of more than 1 million pounds (US$1.29 million) in 2016, up 29 percent in two years, the Office for National Statistics said.

Wealth includes pension savings, investments, belongings, and property values less any outstanding mortgage.

But even when property is completely removed from the equation — and only considering wealth that can be accessed immediately — Britain still had 821,000 millionaire households in 2017, according to a Boston Consulting Group survey.

(SD-Agencies)

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