https://community.betfair.com/chit_chat/go/thread/view/94038/30817905/were-the-5-th-richest-country-in-the-world-you-are-toldBut we are a lot poorer than a lot of people in other European Countries because the wealthis concentrated higher up.This is due to wealth distribution taxation and the failure torecognize if you don't pay people money they can't spend it and you bohttps://community.betfair.com/chit_chat/go/thread/view/94038/30817905/were-the-5-th-richest-country-in-the-world-you-are-told?post_id=551062749#551062749that tooSun, 29 Jan 2017 10:57:13 -0600https://community.betfair.com/chit_chat/go/thread/view/94038/30817905/were-the-5-th-richest-country-in-the-world-you-are-told?post_id=551062737#551062737I imagine it's a bit like the Premier League buying up the foreign talent. Tax the high earners or wealthy too much and they'll up sticks.Sun, 29 Jan 2017 10:56:39 -0600https://community.betfair.com/chit_chat/go/thread/view/94038/30817905/were-the-5-th-richest-country-in-the-world-you-are-told?post_id=551062727#551062727More to do with the freedom of capital to find lower wages and get more profit.Sun, 29 Jan 2017 10:56:24 -0600https://community.betfair.com/chit_chat/go/thread/view/94038/30817905/were-the-5-th-richest-country-in-the-world-you-are-told?post_id=551062695#551062695Seems there is a global shift to greater inequality over the last 40 years. Guess that might be a result of global competition and greater freedom of movement.Sun, 29 Jan 2017 10:54:17 -0600https://community.betfair.com/chit_chat/go/thread/view/94038/30817905/were-the-5-th-richest-country-in-the-world-you-are-told?post_id=551062399#551062399Not clear whether that is Income only or (Some combo of income and wealth). It's meant to measure inequality thoughOn either measure it seems the UK holds up pretty well. Unlike the USA, which is shocking on both counts.Sun, 29 Jan 2017 10:36:42 -0600https://community.betfair.com/chit_chat/go/thread/view/94038/30817905/were-the-5-th-richest-country-in-the-world-you-are-told?post_id=551062343#551062343Gini coefficientComoros 64.3Haiti 60.8 Brazil 51.5China 42.2Russia 41.6USA 41.1Spain 35.9France 33.3UK 32.6Japan 32.1Germany 30.1Denmark 29.1 (least corrupt and most socially mobile country in the world)Ukraine 24.6Sun, 29 Jan 2017 10:33:01 -0600https://community.betfair.com/chit_chat/go/thread/view/94038/30817905/were-the-5-th-richest-country-in-the-world-you-are-told?post_id=551062165#551062165According to the Gini coefficient Ukraine comes out best. I won't be moving there myself.Sun, 29 Jan 2017 10:24:40 -0600https://community.betfair.com/chit_chat/go/thread/view/94038/30817905/were-the-5-th-richest-country-in-the-world-you-are-told?post_id=551062131#551062131The UK's Gini coefficient (takes account of Income and wealth I think) is 32.6 on Wiki. Less than France Portugal Spain and Italy plus Canada USA Australia and New ZealandSun, 29 Jan 2017 10:21:12 -0600https://community.betfair.com/chit_chat/go/thread/view/94038/30817905/were-the-5-th-richest-country-in-the-world-you-are-told?post_id=551062053#551062053It's wealth distribution not income and expenditure distribution. Your first 2 lines mention wealth distribution. As far as wealth distribution goes the UK seems average at worst.It's like your Balance Sheet. Not your P+L accountSun, 29 Jan 2017 10:15:11 -0600https://community.betfair.com/chit_chat/go/thread/view/94038/30817905/were-the-5-th-richest-country-in-the-world-you-are-told?post_id=551061855#551061855Does it take into account outgoings? e.g rent and mortgage payments?Sun, 29 Jan 2017 10:01:14 -0600