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Anorak | He’s right: Jeremy Corbyn’s high income does not make him wealthy

He’s right: Jeremy Corbyn’s high income does not make him wealthy

by | 15th, May 2017

jeremy corbyn money

 

Is Jeremy Corbyn a wealthy man? We don’t know. We haven’t seen his tax returns. All we do know is that he earns well. The UK average salary is around £27,000 a year. Corbyn earns more than £137,000  year. According to the Mirror, the pay gap is a “grotesque chasm between a rich one per cent and the other 99% of the country”.

Is Corbyn grotesquely rich? An annual income of £100,000 is enough to put you comfortably within the top 2% of all earners.

The Mail spots Corbyn speaking with Julie Etchingham on ITV’s Tonight show:

Labour leader Jeremy Corbyn has REFUSED to say that he is a wealthy man – despite earning more than £137,000…

He said: ‘I consider myself adequately paid, very adequately paid for what I do…. What I do with it is a different matter. I consider myself well paid for what I do and I am wanting to say to everyone who’s well off, make your contribution to our society.’

Ms Etchingham, 47, reminded him that people at home will be ‘shouting at the TV saying “of course you’re a wealthy man on a £137,000″‘.

But he replied: ‘No, I’m not wealthy because of where I put the money, but I’m not going into that.’

He’s right. Wealth is having a great deal of money, resources, or assets. We don’t know if Jeremy Corbyn is wealthy. We do know that he is paid well and his income affords him choices. Wealth inequality is not the same as income inequality. The two can be linked. But they are not cause and effect.

 



Posted: 15th, May 2017 | In: Money, Politicians Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink