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UK Millionaires Urge Prime Minister to Tax Them More
๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom /Elections & Politics

UK Millionaires Urge Prime Minister to Tax Them More

From BBC News · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

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  • Over 120 wealthy Britons, including Gary Lineker and Brian Eno, urged Prime Minister Andy Burnham to increase taxes on the rich.
  • The group, Patriotic Millionaires, advocates for a 2% wealth tax on assets over ยฃ10 million to foster a more equal society.
  • Conservative leader Kemi Badenoch suggested those wishing to pay more tax can simply write a check to the Treasury.

London โ€“ A group of over 120 millionaires, including prominent figures like former footballer Gary Lineker and music producer Brian Eno, have penned an open letter to Prime Minister Andy Burnham. They are calling for higher taxes specifically targeting the wealthiest individuals in the UK.

We can afford it. We're not talking about higher taxes on those who get up and go to work for their income every day, but on the very richest whose income is derived from the wealth they hold.

โ€” Patriotic MillionairesThe open letter from wealthy Britons to Prime Minister Andy Burnham explaining the basis for their call for higher taxes on the richest.

The signatories, organized by the group Patriotic Millionaires, argue that increased taxation on the richest citizens is necessary to create a more equitable society. Their proposal focuses on a 2% tax on wealth exceeding ยฃ10 million, aiming for a "devolution of wealth and power from the very richest."

"We can afford it," the letter states, clarifying that the proposed tax would not affect those who earn their income through daily work. "Millionaires are a patriotic bunch. We love this country and we want it to succeed."

Millionaires are a patriotic bunch. We love this country and we want it to succeed.

โ€” Patriotic MillionairesThe letter from wealthy Britons expressing their patriotism and desire for the country's success.

However, Conservative leader Kemi Badenoch responded pragmatically, suggesting that individuals like Gary Lineker are free to pay more tax voluntarily. "He can write a cheque to the treasury, no one is stopping him," she commented.

He can write a cheque to the treasury, no one is stopping him.

โ€” Kemi BadenochConservative leader Kemi Badenoch's response to the call for higher taxes on the wealthy, suggesting voluntary payment.

This renewed appeal follows similar campaigns in previous years. Prime Minister Burnham had previously indicated openness to the idea of a wealth tax, suggesting he might "have to ask for a little more" tax at some point. The Patriotic Millionaires' latest call emphasizes the need for reinvestment into regional assets through wealth redistribution.

need to embrace a new kind of devolution of wealth and power, from the very richest in order to reinvest back into our greatest asset in every region

โ€” Patriotic MillionairesThe group's argument for wealth redistribution to benefit regional assets across the UK.
DistantNews Editorial

Originally published by BBC News in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.