CHAOSTOCOSMOS

Monday, 13 January 2014

Here’s another plan: how about no cuts for the poor but £25bn cuts for the super-rich?

How about the ultra-rich, Britain’s 1,000 wealthiest citizens, contributing just a bit? Their current remuneration at £86,000 a week is 185 times the average wage, they received a windfall of more than £2,000 a week from the 5% cut in the higher rate of income tax, their wealth was recently estimated by the Sunday Times at just under half a trillion pounds, and their asset gains since the 2009 crash have been calculated by the same source at £190bn. How did Osborne come to overlook this lucrative source of revenue?

Here’s another plan: how about no cuts for the poor but £25bn cuts for the super-rich? | Left Futures

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