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UK millionaires group projects ‘tax our wealth’ on to Treasury and Bank of England
(www.theguardian.com)
this post was submitted on 21 Nov 2023
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UK Politics
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This is the best summary I could come up with:
A group of British multimillionaires have projected a message on to the Treasury building and the Bank of England in advance of Jeremy Hunt’s autumn statement on Wednesday, saying: “Tax our wealth”.
Phil White, a former business consultant and member of Patriotic Millionaires UK, said: “The whole country knows that we need a serious injection of capital to get us back on track.
We have a potential £423m a week, which is currently absent from national investment revenue, because we don’t tax extreme wealth.
Instead we can increase investment in Britain and take the pressure off working people by taxing the super-rich.”
A YouGov survey found that three-quarters of Britons support a wealth tax.
Research by Patriotic Millionaires of those with investable assets of £1m found that 68% of the richest people in the country supported the introduction of wealth taxes.
The original article contains 330 words, the summary contains 141 words. Saved 57%. I'm a bot and I'm open source!