Upper Class

Upper Class

1. Extremely wealthy

2. Need not work

3. Roberts, 2001

   • High death duties (Inheritance Tax) have resulted in a substantial amount of UC families losing their family seats and experiencing downward social mobility.

4. Danger of being assimilated in the upper middle-class??

5. The top 1% own about one-third of the country's wealth

6. Wealthy families not individuals!

7. Scott (1982)

   • There now exists a unified propertied class -actively using its wealth to maintain its privileged position at the top of the socio-economic structure.
   • 3 Groups!
   • Entrepreneurial capitalists
   • Internal capitalists
   • Finance capitalists