Patriotic Millionaires Lead Call for Higher Taxes on Wealthy in This Nation
A group of 120 UK millionaires has urged the new prime minister to impose higher taxes on the wealthy, arguing that increased taxation on income derived from significant assets is necessary. Signatories include filmmaker Richard Curtis, former England footballer Gary Lineker, musician-producer Brian Eno, former Greggs bakery executive Ian Greg, and financial sector economist Gary Stevenson. They emphasized that the burden of higher taxes on the ultra-wealthy is manageable and that this does not target working-class taxpayers, but rather demands greater contribution from those with substantial assets. The initiative, led by the UK branch of the Patriotic Millionaires advocacy group, claims a 2% annual tax on assets over £10 million could generate £24 billion annually for public services, social equity, and economic growth.