The Tories this week made workers pay more from their wages so the super-wealthy could protect their inheritances. No wonder that the alternative of taxing the rich is hugely popular.
The richest 25 people in the US—including Jeff Bezos, Elon Musk and Warren Buffett—paid as little as 3.4 percent of their gains in wealth in tax between 2014 and 2018.
According to the The Sunday Times Rich List the combined wealth of Britain’s 250 richest people has grown by a sixth in the past year. It is up from £566 billion to £658 billion.
Amid the horrors of the pandemic, the collective wealth of the world’s billionaires exploded by more than 60 percent last year from £5.8 trillion to £9.5 trillion.
