Is Guido the only one who finds it a bit of a cheek that Will Hutton and Polly Toynbee are media millionaires who make their money out of condemning other rich people? They both have homes in the country and in London? Polly famously also has her home in sunny Tuscany, yet they endlessly tell us how they deplore inequality. They both sell books in large numbers and their columns are well rewarded beyond the dreams of the average and minimum wage workers they cry tears over.

Guido is not going to plead personal poverty, risk brings rewards. What have Hutton or Toynbee ever produced besides words on paper, how many jobs have they created, how many businesses have they financed? Have they ever had to make payroll at the end of the month? Worried about how they were going to pay staff?

Why is making millions from pontificating (as they do) morally superior to making millions from investing in and running companies? It seems that out and out capitalists are the wrong kind of rich whereas out and out media pundits are the right kind of rich, akin to how the aristocracy of old always looked down on those in trade. Remember their own substantial wealth when they condemn capitalism.

Who really has unjust rewards – those who create wealth and jobs or those who condemn them?