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Millionaires petition Rishi Sunak to introduce wealth tax
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A group of 30 UK millionaires have called on the chancellor to tax them and other rich people more because they can afford to pay it and “the cost of recovery cannot fall on the young or on those with lower incomes”.
In an open letter in the run-up to the budget on Wednesday, the millionaires told Rishi Sunak to introduce a wealth tax on the nation’s richest people to help pay for the recovery from the coronavirus crisis and tackle the yawning inequality gap.
“We understand the immense pressure on the Treasury to deal with crises both present and future – from inequality, to Covid, to climate change. We know there will be high expectations for you to find the money needed,” the millionaires said in the letter.
“We know where you can find that
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