Patriotic millionaires
Imagine if the richest said "Please tax us more to help the poor. Tax wealth, not work".
Well, that DOES happen. I saw and heard it, with my own eyes and ears again today.
It's time to combat widening inequality. The Chancellor must listen. She must not be bullied by the loudest voices.
The "Tax Us, the Super-Rich" Campaign Bus arrived in Westminster this morning. The final stop on its national tour. Through chilly snow & rain flurries I met them. Thanks to Patriotic Millionaires for organising.
I'd already tabled a raft of parliamentary motions, urging the Chancellor to use her Budget next week to combat widening inequality, choose tax justice, reward work and enterprise, close tax loop-holes, lift those struggling to make ends meet. It can be done.
Millionaire YouTuber and economist, Gary Stevenson, said: "People like me, the super-rich, must start paying what they should. Working people are being squeezed out because our country’s wealth is being concentrated into the hands of fewer and fewer people. The Chancellor has an opportunity to change that in this Budget, to tax wealth, not work. Millionaires support it, the public supports it. It’s time to get on with it.".
#combatinequality
#FAIRtax
#TaxJustice
#TaxJusticeNow
Example: First of 3 Parliamentary Motions [EDM 2162]:
Matters for the Chancellor of the Exchequer to consider prior to the Autumn Budget 2025
That this House notes the extent of widening inequality in the UK and that the top 50 richest families now hold more wealth than the poorest half of the population and there has been nearly 1000% increase in the wealth of UK billionaires since 1990; further notes that a dynamic study conducted by Patriotic Millionaires UK on the Sunday Times Rich List reported that £160 billion could have been raised for the UK's public finances over the past three decades if those with assets over £10 million were annually taxed at 2%, whilst their wealth would still have increased at between 1.7% and 2.7%; believes that moderate taxes would not provoke capital flight as lobbyists assert and is repeated by some media and commentators; considers that just 0.01% of the richest households relocated after wealth tax reforms were introduced in Norway, Sweden and Denmark; highlights that the considerable evidence that low taxes on wealth can be counterproductive for growth and productivity and that research by tax policy experts at CenTax and the IFS shows that equalising capital gains and income tax rates alongside introducing an investment allowance supports productivity and growth, as does taxing share buybacks; also notes UK's tax-to- GDP ratio is around 35% according to OECD data (2024), lower than comparable G7 economies France (44%), Italy (43%), Nordic countries (41-43%); and calls on the Chancellor to reflect on these factors as she considers her options for the forthcoming Budget.
Tabled: 28th October 2025