How Millionaires Want to Help Fight Poverty in the UK | DW Reporter

August 9, 2026 | Many Brits are struggling to get by, while the wealthy get richer and richer.

A group of millionaires want to change this – by paying more taxes. The United Kingdom is one of the richest countries of the word. But for millions of Brits, life feels more expensive by the day. Around a fifth of people in the country live in poverty, while the cost of living continues to increase.

Many families are cutting back on food, heating. or electricity usage. At the same time, the country as a whole has grown wealthier.

The total number of millionaires in Britain has grown drastically since the mid-1990s. In London, especially in neighborhoods like Mayfair, this wealth is on full display. But only a few kilometers away, there are people who live in social housing that struggle with broken pipes, water damage, and ever-climbing rents.

An unusual solution to the inequality problem has come from the wealthy themselves: the Patriotic Millionaires are calling for a wealth tax on the super-rich. The idea is to tax all wealth over 10 Million pounds at a rate of 2 percent. According to the group, this could save the country around 24 billion pounds annually, around 28 billion euros. More money that could be spent on public services, social housing, and infrastructure.



Thatcher and Reagan started all this sh**! They made the poor even poorer and started destroying the middle class. I was taken in by her. I am sure many of you were too. That woman encouraged GREED and destroyed COMMUNITY SPIRIT. — © Mark Alexander

Billionaire Challenges Tax Myths and Backs a Wealth Tax

Aug 4, 2026 | “I’m not afraid of losing a few millionaires.”

The wealthy are “moving to places with higher taxes” because they want to live in countries where cities are well looked after and their “wealth is safe”, says Morris Pearl, chair of Patriotic Millionaires.

Gary Stevenson Says Britain Is FINISHED Unless We Fix This Problem

July 6, 2026

Orbán’s Oligarchs on Edge as Hungary Poised to Launch Wealth Tax

THE GUARDIAN: New PM Péter Magyar calls policy a sign of ‘social justice’ after years of political loyalty being rewarded with economic opportunity

This screenshot comes from this article. | Péter Magyar and his party, Tisza, have their sights firmly set on Viktor Orbán’s oligarchs. Photograph: Olivier Matthys/EPA
In a dimly lit television studio, one of Hungary’s richest men is on the verge of tears. It is early May, weeks after the general election that ended Viktor Orbán’s 16-year grip on power, and the advertising mogul Balásy Gyula has an announcement to make.

Gyula tells the interviewer that he has just surrendered his businesses to the state, along with a chunk of his private savings. He has even brought along a notarised deed – a legal document setting out the change of ownership.

“In the current situation, I don’t think that our group of companies has a future,” he says.

Gyula was among the most prominent beneficiaries of the Orbán era. His companies operated a network of poster sites known as the blue billboards, on which a succession of figures from the financier George Soros to the European Commission president, Ursula von der Leyen, were designated as public enemies, in propaganda campaigns paid for by the state.

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The wealth tax debate is a global one, with the government in Brazil and trade unions in California pushing for legislation. In the UK the Green party and many Labour MPs back the idea. In France the socialist president François Mitterrand introduced the Impôt sur les Grandes Fortunes in 1982, only for it to be repealed under Emmanuel Macron. Last year the French parliament came very close to reinstating the levy, and it is likely to be a big talking point in next year’s presidential election. For now, however, Hungary looks set to move first. » | Juliette Garside | Tuesday, June 2, 2026

”We Need a Wealth Tax on Billionaires.” Here's Why | Aaron Bastani Meets Gabriel Zucman

May 24, 2026 | Introducing a wealth tax on the very richest people in our society has never been more popular amongst the electorate, with recent polls showing 90% approval. This figure is basically unheard of when polling people on any form of policy proposal.

This week's guest, Gabriel Zucman, is a French economist who is a key inspiration for the UK's leading wealth tax advocate and friend of the show, Gary Stevenson.

Bernie Sanders Unleashes Fury on Musk & Billionaire Class, Demands Wealth Tax Now

Feb 21, 2026 | Sen. Bernie Sanders warned that despite huge gains in productivity and technology, American workers are earning less than they did more than 50 years ago after inflation, while the richest Americans prosper. He argued that this crisis is driven by a “massive concentration of ownership,” noting that just four Wall Street giants, BlackRock, Vanguard, Fidelity, and State Street, are now major shareholders in about 95% of U.S. corporations.

Bernie Sanders is the man who should be president. Now this man really would make America great again! If only the American voter could be more clear-eyed! Were Bernie Sanders made president, we’d see a nation emerge which is far more at ease with itself, and it would be, of course, eminently fairer. An America governed by Bernie Sanders wouldn’t put a stop to the accumulation of wealth—nobody should want to do that—but an America governed by Bernie Sanders would endeavour to give every American a chance to succeed in life. Let us pray that Americans will one day see the light! — © Mark Alexander

Vince Cable: I Would Work with Labour to Increase Tax on Wealthy

THE SUNDAY TELEGRAPH: Vince Cable has admitted that he is of the 'centre left' as he appeared to welcome Labour overtures to work together on increasing taxes for the wealthy.

Sitting side by side with Ed Balls, the shadow chancellor, on a television studio sofa, Mr Cable laughingly dismissed as "flattery" the Labourman's call for him to become leader of the Liberal Democrats.

He said that he would be happy to work with Mr Balls on issues such as raising taxes from the better off, including the imposition of a "mansion tax" on the most expensive properties.

But the Business Secretary, who is far more popular than Nick Clegg among grass roots Liberal Democrats, denied that he had ambitions to become leader. And he insisted that he was working well with Mr Clegg and his Conservative Coalition colleagues.

Asked about his idea for a mansion tax, which Labour now supports, he said: "I was delighted that Ed Balls has signed up. I have not been embarrassed to call myself a person of the centre left. » | Rosa Prince, Online Political Editor | Sunday, September 09, 2012