120 millionaires make surprising request to UK government
120 millionaires in Britain are urging the government to impose higher taxes on large fortunes, especially on those exceeding £10 million, in order to reduce economic inequality and strengthen public finances. The signatories propose a 2% tax on wealth above this threshold, which could generate approximately £24 billion annually, along with other tax reforms that might boost government revenue to around £50 billion per year. These millionaires aim to redistribute wealth to support communities and narrow the economic gap, particularly as the UK faces growing inequality and rising living costs.
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