It happens through the normal operation of the 'free' market. The natural tendency of capitalism is that wealth accumulates; the rich get richer while the poor get poorer. And this happens across all communities and countries.

I could go into the microeconomics of this but I'd need flipcharts and marker pens, and it's really pretty tedious in any case... But you don't need all that, just look round the world.

The 'free' market is not fair. Taxes, minimum wages etc are all efforts to use the power of government to make things a bit fairer. But ultimately we need a new system, based on (dare I say it? yeah) People Not Profit.

Here endeth the preaching! ;-)

Liverpool second smack capital of europe, after Ballymena and Dublin.

Dont know where you get the figures from about Liverpool being a crack capital? As regards Crime Rates Liverpool is 44th in the country. Machester, Birmingham, London, Glasgow etc etc has a much bigger drug problem than Liverpool.
I get your point though - about the millionaires - but I wonder whether drug barons would declare the fact they are millionaires.

Typical mafia strategy. Make a fortune from drugs then invest the dosh in so called legitimate business dealings. Property development is increasing in the area and you do have to ask where all the money is coming from.

First, be clear about who the min.wage is "fair" for.... it is a fact that the Govt. subsidises crap jobs, vis. -employer pays such crap wages that people would walk unless the Govt. tops it up. And 4 pound-odd?-there's 'micro'economics for u!

The Government has no power -it only exploits (or murders)
--for the wage to be fair we need to use our own power -or perhaps that's what u. meant?
.............
GDP rises, but it can rise from things like personal debt or house prices.
Everyone can see the luxury appartment blocks springing-up, so Property and Debt
are a huge chunk of what gets 'developed'- or re-generated......

Companies, Investors(Companys invest too) -All want Returns: Profitability
Govt. works with these -
ie- against us

better wages is a reform, but if it really threatened (rarther than consolidated) profitability(of the few) -out the window it goes, unless we force the issue...not just Nationaly/Localy -that system works internationaly; we have the power -if only we knew it
.............
no power? try getting rid of the govt. -all of them

The reason for the creation of additional wealth is because of rising property values as a result of the City finally being seen as a place in which people want to be - it is shaking off the negative perceptions and increasing demand is driving up prices.

As for the nonsense about rich getting richer and poor getting poorer its just not true - companies can now borrow funding based on this increase in value and release money for investment - it is only by people investing ie opening up or expanding industries that jobs are created and we all prosper and dont languish in self pity on the scrapheap of the dole.

Lets hope we get many more millionaires in Liverpool as it is a good and healthy thing - we only need worry when they stop investing and keep the economy turning with the invisible hand that Adam Smith told us all about so long ago.

There has been a downturn economicaly, scince about 1973 -they call it a 'crisis of profitability'... so when a 'peripheral' area which has been in decline -ie diciplined (by the market, the'dole-heap' or whatever), see,- eg.factories couldn't profit so much as before so the owners start just investing (often overseas -cheaper wages, perhaps), cut wages, talk hypocritically about 'shareholder value' and in some cases simply sell-up, sacking the workers...
An area like Liverpool/Merseyside is just such a peripheral area.... so, when such an area has been in decline long enough, wages and property prices are relatively low, unemployment high.... indebtedness (as burden) high, investors may beginn buying property for the best value they can find (ie-cheap), sit on it then sell it (at a profit)... Most ordinary people here can't do that but as money is 'generated' perhaps they can get more low-payed (subsidised, often casual) jobs providing services for this new influx of ...... capital (investment), people, companies and other economic actors ('factor mobility' as it's called in the E.U)....
Lets put it this way - local people are increasingly marginalized, because for them the market (employment, property, transport, water and other public services) is for them -a disaster....
We're marginalised -according to Adam Smith's "vile maxim of the masters of mankind: all for ourselves and nothing for other people" and in the third-world, the legacy of his "savage injustice of the Europeans" and in all cases, how the interests of merchants and investors were/are "most peculiarly attended to" _An Invisible Hand... so much for free trade.... nope; high returns, by hook or by crook: Smith didn't like it and neither do I