> This week, I hosted a seminar in the Houses of Parliament by Patriotic Millionaires. They are part of a growing international movement, perhaps a new kind of Cadbury and Quaker capitalism with a social conscience. The group includes some of the wealthiest individuals, mostly self-made millionaires, in the UK who want to see radical changes in politics, economics and social policies . . .
> They have openly urged the government to tax them more because they can afford to pay more in the form of wealth and other taxes. They urge that capital should be taxed more heavily than work. The resulting revenues, should be used to “reduce inequality, support stronger social care and the NHS, and to ensure that we’re building a more just and green society”.
> Patriotic millionaires oppose excessive executive pay and want to link executive pay to workers’ wages. Inequalities are considered to be a form of social pollution and the offending organisations should be subjected to higher rates of corporation tax. This is very much in line with an inequality tax that I have advocated.
> None of this can be achieved without a radical reform of the voting system and political institutions and Patriotic Millionaires are pushing for that too.
I think they’ll need to buy a few newspapers before we’re going to hear much about how hard they’re pushing. Maybe they should club together and make some acquisitions.
If you want to be a proper conservative who respects traditions, our greatest ones are all socialist in origin
Why don’t all these millionaires and billionaires* get together and provide a public service the government neglects to? Social housing, youth centres, libraries, tennis courts, sports facilities. What’s the point of telling the government intent on extracting from the poor to give to the rich to do anything? They’re not going to, ever.
*maybe not billionaires though JK Rowling pretends to be good natured. Tweeting about saving libraries. Why not do it herself? I don’t underestimate the cost on a large scale, nor the ‘Well it’s not my job is it?’ thinking.
They always have done. It is very easy to argue for wealth redistribution, when you are wealthy.
>They have openly urged the government to tax them more because they can afford to pay more in the form of wealth and other taxes
They don’t need to ask the government to tax them if they want to pay more tax – [HM treasury and the Debt Management Office accept donations](https://www.gov.uk/guidance/voluntary-payments-donations-to-government), so they can always tax themselves a bit more whenever they feel like it.
I wonder if these people will put their money where their mouth is?
Good. Gary Lineker said he would pay more tax if he had to. Be like him.
“hey tories, you screwed up so hard that the population doesnt have enough money for us to extract from them”
Hang on the Tory govt has been using them policies for the whole of covid and stole the UK Labour policy of a windfall tax…
What number are they calling? Asking for a rich bitch.
Some of the wealthiest Brits don’t want to see what “eat the rich” involves
Guaranteed that all those rich celebrities loudly demanding the government to tax them more, have a lot of off-shore accounts which hold the majority of their money in, so if/when the taxman comes calling to them they don’t pay nearly as much as they actually ought to be.
Champagne socialism at its finest!
Wanting to improve quality of life for everyone in the country doesn’t make you a socialist, it just makes you a good person.
Not one of the “wealthy Brits” in this article is advocating, suggesting or even talking about socialism.
Anybody seen what’s been happening at Preston council lately ?
Luxury beliefs.
Why no names of these heroic community minded millionaires? Wouldn’t they want to be associated with positive change?
Stakeholder Capitalism then.
Even before the gap widened (about 5 years ago) the average income of retirees had already overtaken the average income of workers.
Drawing taxes largely from income has been unfeasible for a long while.
Starving the working class is pennies on the pound for the bills we have coming our way (particularly the giant healthcare cost of boomers).
17 comments
> This week, I hosted a seminar in the Houses of Parliament by Patriotic Millionaires. They are part of a growing international movement, perhaps a new kind of Cadbury and Quaker capitalism with a social conscience. The group includes some of the wealthiest individuals, mostly self-made millionaires, in the UK who want to see radical changes in politics, economics and social policies . . .
> They have openly urged the government to tax them more because they can afford to pay more in the form of wealth and other taxes. They urge that capital should be taxed more heavily than work. The resulting revenues, should be used to “reduce inequality, support stronger social care and the NHS, and to ensure that we’re building a more just and green society”.
> Patriotic millionaires oppose excessive executive pay and want to link executive pay to workers’ wages. Inequalities are considered to be a form of social pollution and the offending organisations should be subjected to higher rates of corporation tax. This is very much in line with an inequality tax that I have advocated.
> None of this can be achieved without a radical reform of the voting system and political institutions and Patriotic Millionaires are pushing for that too.
I think they’ll need to buy a few newspapers before we’re going to hear much about how hard they’re pushing. Maybe they should club together and make some acquisitions.
If you want to be a proper conservative who respects traditions, our greatest ones are all socialist in origin
Why don’t all these millionaires and billionaires* get together and provide a public service the government neglects to? Social housing, youth centres, libraries, tennis courts, sports facilities. What’s the point of telling the government intent on extracting from the poor to give to the rich to do anything? They’re not going to, ever.
*maybe not billionaires though JK Rowling pretends to be good natured. Tweeting about saving libraries. Why not do it herself? I don’t underestimate the cost on a large scale, nor the ‘Well it’s not my job is it?’ thinking.
They always have done. It is very easy to argue for wealth redistribution, when you are wealthy.
>They have openly urged the government to tax them more because they can afford to pay more in the form of wealth and other taxes
They don’t need to ask the government to tax them if they want to pay more tax – [HM treasury and the Debt Management Office accept donations](https://www.gov.uk/guidance/voluntary-payments-donations-to-government), so they can always tax themselves a bit more whenever they feel like it.
I wonder if these people will put their money where their mouth is?
Good. Gary Lineker said he would pay more tax if he had to. Be like him.
“hey tories, you screwed up so hard that the population doesnt have enough money for us to extract from them”
Hang on the Tory govt has been using them policies for the whole of covid and stole the UK Labour policy of a windfall tax…
What number are they calling? Asking for a rich bitch.
Some of the wealthiest Brits don’t want to see what “eat the rich” involves
Guaranteed that all those rich celebrities loudly demanding the government to tax them more, have a lot of off-shore accounts which hold the majority of their money in, so if/when the taxman comes calling to them they don’t pay nearly as much as they actually ought to be.
Champagne socialism at its finest!
Wanting to improve quality of life for everyone in the country doesn’t make you a socialist, it just makes you a good person.
Not one of the “wealthy Brits” in this article is advocating, suggesting or even talking about socialism.
Anybody seen what’s been happening at Preston council lately ?
Luxury beliefs.
Why no names of these heroic community minded millionaires? Wouldn’t they want to be associated with positive change?
Stakeholder Capitalism then.
Even before the gap widened (about 5 years ago) the average income of retirees had already overtaken the average income of workers.
Drawing taxes largely from income has been unfeasible for a long while.
Starving the working class is pennies on the pound for the bills we have coming our way (particularly the giant healthcare cost of boomers).