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From The Socialist newspaper, 16 November 2016

Super-rich investigated

Them and us, image by Suzanne Beishon

Them and us, image by Suzanne Beishon   (Click to enlarge)

One third of 'high net worth individuals' are under investigation by HM Revenue and Customs, says the National Audit Office.

Those with wealth of over 20 million - about 6,500 people in the UK, the 0.01% - could owe 1.9 billion in missing tax. Tax collectors estimate about 1.4 billion of this went to advertised tax-avoidance schemes.

The Socialist welcomes Revenue bosses turning their attention from attacking staff to taxing the super-rich. But we say: investigate the lot of them! How does anyone 'earn' over 20 million?

It's unlikely to be through work, that's for sure. It's most likely to be money workers have made for them, which they claim to own. Taxing some of that back is all well and good, but workers produced it, and the working class should own the lot.

Nationalise the banks and top corporations. Take the wealth off the 1%. For a democratic socialist plan of production, not just begging capitalist thieves to hand some of their loot back.

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Coronavirus crisis - Finance appeal

The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

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  • When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
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In The Socialist 16 November 2016:


It's Socialism or Trumpism

Trump victory: Failure of the Democrat establishment

Lessons for Britain: Trump victory shows the right can't beat the right


Socialism 2016

Socialism 2016: Electrifying and powerful weekend puts socialism on the agenda


Socialist Party workplace news

Mass prison officer walkout over health and safety

Durham teaching assistants strike: 2,000 walk out

London Underground: RMT wins victory

Steel workers' pensions under threat again

Deliveroo couriers get organised

Workplace news in brief


Socialist Party news and analysis

Support the campaign to readmit expelled socialists

Secret hospital closures: bosses must come clean

1.5trn household debt - nationalise the banks!

Court win against bedroom tax not enough

Super-rich investigated


Socialist Party youth and students

Students and workers unite and fight!


Privatisation and the 'race to the bottom'

Privatisation and the 'race to the bottom'


Socialist Party reports and campaigns

Southampton Labour must bin Tory cuts!

Cumbria: Stop axing care home places

TUSC vindicated in censorship protest

Bristol campaigners demand anti-austerity alternative


Socialist readers' comments and reviews

A Street Cat Named Bob: tale of neglect by capitalism

The Socialist Inbox


 

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Related links:

Super-rich:

triangleTake the wealth off the super-rich

triangleThem & Us

triangleThem & Us

triangle'Fat Cat Friday' shows where all the money's gone

triangleTories out - we need socialism!

Rich:

triangleRich get handouts - workers get pay cuts

triangleBail out the real wealth creators, not the rich

triangleNationalise to save jobs threatened by Covid-19 and downturn

triangleImmigration: For a system that meets the needs of the majority, not a rich elite

Tax:

triangle30 years since the huge anti-poll tax demo... And how mass non-payment of the tax was built

triangleNewham campaign set up against council cuts and tax hikes

triangleLiverpool & District Socialist Party: 30 years ago - How the poll tax was defeated

Wealth:

triangleUniversal Basic Income: not a solution to insecurity and poverty under capitalism

Socialist:

triangleLondon Socialist Party: Workers' safety before bosses' profits

Workers:

triangleCovid crisis boosts union membership but TUC leaders want to cosy up to the bosses!

Nationalise:

triangleNationalise British Airways to stop 12,000 redundancies

Working class:

triangleLessons from the Corbyn experience

The Socialist:

triangleWe need readers' support to fight capitalist crisis

HM Revenue and Customs:

triangleVital local strikes and a national pay ballot - vote for a fighting leadership

Capitalist:

triangleBlack and Asian Covid-19 deaths: an indictment of capitalist inequality

Banks:

triangleThem & Us

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