alt Hacker NewsI think you mean £20 billion for that latter figure. This is largely because a significant amount of assets are held in ISA's (£20k a year contribution per person allowed) , or via personal property which is capital gains exempt or in a pension which is again, capital gains exempt.
Thus only the wealthiest are outside these boundaries, and they often will not liquidate holdings until their death to pay inhertiance tax, or in trusts which will liqudiate over decades as they can pay inheritance tax over a very long period.
This is not to mention the large amounts of off-shore holdings.
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it is also because if one excludes real estate holdings, people in the uk are actually not that wealthy
39% of UK population pay tax 82% of those people earn less than £50k
the other 61% of the country just sit around and consume money. tbh its not that bad, being an unemployed bodybuilder or alcoholic in wales on the dole beats making £100k in london and paying 71% income tax.
its almost a form of cuckoldery, you work in the city like a dog for hsbc, to pay for refugees and layabouts to sit around at gregs and spoons, and then said layabouts build startups and leave the country
Many people opt for off-shore bonds (which have a number of advantages) which means paying normal tax instead of capital gains, so the capital gains figure doesn't really capture investment as a whole.