1.3 Is it fair?
Inequality constantly attracts attention because of the visibility of both the extremely rich and the extremely poor. Individuals, social commentators, the media, academics and politicians frequently debate people’s income (money acquired) and wealth (what people own – homes, savings, investments, property, businesses etc.) and the effects of the distribution of income and wealth on a society.
While most people would express the opinion that they would want their country to be fair, it seems that people’s grasp of the extent of inequality in their own countries is frequently poor. The following video, from the Inequality Briefing, illustrates this point in relation to the British public.