More than 100 UK millionaires have signed a letter to new Prime Minister Andy Burnham requesting higher taxes on the wealthy.
The group, called 'Patriotic Millionaires', argues that wealth and power have been concentrated in a small group for too long. Reports differ on the exact number of signatories, with some sources counting over 120 and others over 100.
The letter proposes a 2% annual tax on wealth above $13.3 million. Former footballer Gary Lineker and producer Brian Eno are among the signatories.
Tax us, we’re proud to pay; we can afford it.
2% annual wealth tax
Proposed tax on wealth above $13.3M
