The enemy within? Guardian readers and the 1% | Letter

Tim Worstall is willing to bet a substantial sum that a quarter of the Guardian readership is part of the global 1% by wealth

Nesrine Malik tells us the system is rigged in favour of the 1% by wealth (Opinion, 23 January). Entry into the global 1%, by the definition used by Oxfam, requires $1m in assets. As the Office for National Statistics tells us, that's around the 75th percentile of British households by wealth. In other words, 25% of British households are in the top 1% of the global wealth distribution. I'd be willing to bet a substantial sum that 25% of the Guardian's readership is too. As Pogo said in Walt Kelly's strip cartoon for Earth Day in 1971: We have met the enemy and he is us."
Tim Worstall
Senior fellow, Adam Smith Institute