‘Patriotic’ millionaires who want to pay more taxes in the UK

Who. A group of millionaires, led by Dale Vince (founder of Ecotricity) and Guy Singh-Watson (Riverford Organic Farmers), have launched a campaign to get rich people to pay more taxes in Britain. That. The Patriotic Millionaires (PMUK) have written to history’s richest ‘prime minister’, Rishi Sunak, to join them. Because. They believe that great wealth should finance more public services.

Rarely are the rich willing to pay more in taxes. But here it is British Patriotic Millionaire (PMUK) claims a rate of 1% to 2% on “extreme wealth” and inquire PrimeSunak Receipt That’s the story that applied, having appeared for the second year on the Times of the Richest list with his wife murty aksha (with approximate wealth €620 million).

“Like you, we are millionaires who want the best for England,” a PMUK insider wrote to Sunak. “Your income statement shows that you pay a tax rate of 22% in real terms, less than what nurses pay and a quarter of British taxpayers”.

“This is not a problem that is unique to you, but a problem that exists for most millionaires: we pay less tax than we should“emphasizes the wealthy with a social conscience, incl Da Vince (responsible renewable energy company Ecotricity), Guy Singh Watson (co-founder of Riverford Organic Farmers) or Gemma McGough (founder of Product Compliance Specialist).

Enriched in various ways such as wind turbines, telecommunications technology, or organic radishes, the so-called champagne socialist has been met with relative skepticism by the conservative media. Nearly all of them are close to the Labor Party and united by the green threads of the environmental movement, starting with Dale Vince, who recently made headlines for his donations to environmental activists. Just stop the Oil who stormed Wimbledon last week.

“We live in extreme agewith very few living better lives and millions struggling to stay afloat”, argues Vince (61 years). more fair?”

“As soon as you get rich, it’s like you step in a club full of privileges”, warns Gemma McGough, an overnight millionaire from the blow of her tech company. 2 There have to be incentives to work hard and win games, it is true, but all of this is grossly disproportionate. We need responsible governments that use money to fairer society“.

The inspiration for Patriotic Millionaire came from the other side of the Atlantic, where the original group had operated for more than a decade, which belonged to the Walt Disney heiress, among other things. abigail disney.

“Over the past 50 years, new wealth creation has not flowed in as promised,” Britain’s millionaires warned. “Since 1995, The 1% at the top of the pyramid has accumulated 20 times more wealth than the bottom 50% of the population. There has been an accelerated concentration of wealth thanks to an unjust tax system and, more recently, to an increase in the money supply.

The Patriotic Millionaires proposes a series of actions that can bring income up to 58,000 million euros for the public treasury. Among them, 1-2% tax on extreme wealth for wealth over 10 million pounds, equalizing capital gains with wages income on income tax returns, end of year legal loopholes in inheritance tax and status rule reform not domiciled in the UK (which allowed Sunak’s wife to avoid paying up to €23 million in taxes on shares in Infosys, a company founded by his father, an Indian tech magnate, Narayan Murthy).

“If any millionaire is well positioned to end all of this, it’s Rishi Sunak,” he warned. Phil White, also a member of PMUK. “We hope that Prime consider our proposal. And we also extend this invitation to all millionaires, especially those on the richest list, to contribute to the strength and sustainability of our country, and the well-being of future generations.”

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Roderick Gilbert

"Entrepreneur. Internet fanatic. Certified zombie scholar. Friendly troublemaker. Bacon expert."

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