If Osborne wanted to be as provocative as possible (which he probably does, to appease the Tory right, his future backers for the leadership), he could hardly put together a more incendiary mix than cutting tax rates for the ultra-rich in the budget and then, 2 weeks later, impose swingeing cuts on some of the […]
Posts Tagged ‘Super-rich’
50p income tax? The rich should count their blessings
Mar 16th, 2012 by David Osler.Of course the 50p top rate of income is more important for its symbolism than its efficacy. The free market right should stop griping and thank their lucky stars that the last Labour government lacked the political courage required to reintroduce genuinely progressive taxation. If only they would count their blessings instead of counting their […]
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The moralising, filthy rich hypocrite
Jan 22nd, 2012 by James Bloodworth.The benefits of being rich are numerous, and probably don’t need a great deal of explanation from me. The ability to travel the world at the drop of a hat is, I imagine, one of the many advantages great wealth brings, as is the possibility of doing away with a number of the banal inconveniences […]
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How the super-rich rationalise their greed
Sep 13th, 2011 by Michael Meacher.The super-rich may not be much good at running the country, having engineered the worst financial crash for nearly a century, but they are certainly assiduous at justifying their own greed. Yesterday the Vickers Commission on Banking proposed a firewall between retail and casino investment banking designed to check profiteering from reckless speculation which is […]
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Make super-rich Brits pay their fair (very large) share
Aug 30th, 2011 by Michael Meacher.It’s remarkable that the hyper-rich in France (Bettencourt and others) and in the US (Warren Buffett and others) are now calling at a time of austerity that they should be taxed more. Not a peep however out of the hyper-rich in Britain. Yet they, more than any of such wealth anywhere else in the world […]
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Growth dividend plus ultra-rich 2011 gains could pay off entire deficit
May 9th, 2011 by Michael Meacher.The obvious question raised by the Sunday Times Rich List, published yesterday, is why the 1,000 richest persons in this country are not making any contribution to paying off Britain’s public deficit. These 1,000, just 0.002% 0f the population, all have wealth in excess of £70m, some 100 times as much – there are 73 […]
