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The wealth of the 200 richest families has surged from £42 billion to £711 billion since 1989, while public wealth has plummeted from £337 billion to minus £1 trillion.
Wealth of the 200 richest families has grown from £42 billion to £711 billion since the Rich List started in 1989, while public wealth of the country has fallen from £337 billion to - £1 trillion.
While the Chancellor aims to cut taxes, 3 in 5 British millionaires think economic growth cannot happen without raising further tax revenue for national investment. A 2 percent tax on the 350 Rich Listers could raise nearly £16 billion - enough to recruit 10,000 new teachers and cover the cost of repairing Britain’s crumbling schools.
Millionaires deliver projection onto IMF and World Bank buildings ahead of G20 Finance Ministers Meeting demanding support for international action to tax the super rich
Their message is clear - the world is in crisis and now is the time to act: tax us the super rich, we are proud to pay more!
Nearly three quarters of millionaires polled in G20 countries support higher taxes on wealth, over half think extreme wealth is a “threat to democracy”
Polling comes as 260 millionaires sign new letter, directed at political leaders attending the World Economic Forum in Davos, saying they would be “Proud To Pay More” in taxes.