Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/1042/29103

From The Socialist newspaper, 15 May 2019

Rich list thieves

Take the wealth off the super-rich

Billions for them, cuts for us, photo torbakhopper (Creative Commons)

Billions for them, cuts for us, photo torbakhopper (Creative Commons)   (Click to enlarge)

Lindsey Morgan, Leicester West Socialist Party

The top 1,000 wealthiest individuals and families in Britain are sitting on a record 771.3 billion, up 47.8 billion in a year. This astonishing fact is in this year's Sunday Times Rich List.

At the same time millions of children from working families are living in poverty, more than a third of babies are living below the poverty line, and workers up and down the country are engaged in battles against poverty pay. The accumulated hoarded wealth of the super-rich, stolen from the value created by workers' labour, is beyond unfair.

It is clear that wealth isn't 'trickling down'. In fact, the working class is forced to fight for the scraps from the bosses' table. This is why we need the Tories out!

Under the headline 'Age of uncertainty rattles the super-rich', the Sunday Times details conversations with Rich List grandees. They say the election of Corbyn as prime minister would lead to 'Corbygeddon' - and that some are taking steps to move wealth abroad.

The Times has long been the mouthpiece of the capitalist class. Even the positive but relatively limited demands that Corbyn has proposed have rattled the wealthy.

Tax

In response to the Rich List Corbyn has proposed that the top 1,000 should declare the tax they pay. This is a welcome proposal that would enable deeper scrutiny of the wealth of the richest, and would impact the ability of HM Revenue and Customs to allow so-called 'sweetheart deals' through which the capitalist class avoids paying high rates of taxation.

In research conducted for the PCS union the tax gap equates to a loss of 120 billion a year to the government. To reclaim this could be a huge step forward. A higher tax rate, as proposed by Labour, would also be positive.

But faced with the prospect of paying higher taxes, many bosses will move their wealth abroad. This is why we need to fight for a general election and for a Corbyn-led anti-austerity government, but with socialist policies that include nationalising the banks and major corporations that dominate the economy. We can't control what we don't own.

Wealth inequality is a fact of capitalism. Measures to narrow the gap through reform are seriously limited without mass working-class struggle to fight for more. This wealth that has been stolen from workers can only be won back long term by the organised working class.

We need to unite, strike, and fight together for the socialist transformation of society where big business is owned and democratically planned for all. It is the only true end to the obscenity of wealth inequality here and abroad.

Donate to the Socialist Party

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.

  • The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
  • 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.
Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
We therefore urgently appeal to all our viewers to donate to our Fighting Fund.

Please donate here.

All payments are made through a secure server.

My donation

 

Your message: 

 


In The Socialist 15 May 2019:


News

Take the wealth off the super-rich

Privatisers sue NHS - kick out the fat cats and fully nationalise our health service!

Workload-related mistakes by GPs on the rise - health unions need to fight back

Knife crime tragedy linked to council cuts

Them & Us


What we think

Bosses fear revolt against capitalism


Workplace news

Mitie workers striking against poverty pay

Birmingham home care strikers close to victory!

Newham gas workers' strike threat

Usdaw united on need for fightback - now keep pressure on for action

End high-stakes testing in primary schools: build the boycott ballot!

PCS union officialdom splits vote, removes Chris Baugh - but is still rejected by members

Honda bosses confirm Swindon closure: Unite must signal it will fight


International socialist news and analysis

Revolution and counter-revolution in Sudan


Socialist Party reports and campaigns

Trump UK visit: Protest against the billionaire bigot

Palestinian solidarity demo


Climate change

Profit system rapidly destroying environment

Socialist policies needed to halt climate disaster


Opinion

May 1649 - the Last Stand of the Levellers

The Socialist Inbox


 

Home   |   The Socialist 15 May 2019   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Super-rich:

triangleMake the super-rich pay, not the poorest

triangleSuper-rich tax evasion costs 34 million nurses worldwide

triangle

News in brief

triangle1,600 less benefits if your job goes - while super-rich splash cash

triangleThem & Us

Wealth:

triangleWhere's the road map to jobs and wages Boris?

triangleCovid spreading, poverty rising, rich get richer, fight for socialism!

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

triangleRich get handouts - workers get pay cuts

Rich:

triangleNews in Brief

triangleRich countries hoarding vaccine is danger to us all

triangleSocialist Inbox

Tax:

triangleBosses earn workers' annual wage in three days

triangleUnder the microscope

Poverty:

triangleThe Socialist Inbox

Inequality:

triangleVaccine algorithm can't solve capitalist inequality

Capitalist:

triangleFacebook v Australian government: nationalise the bosses' media!

Economy:

trianglePoverty wages: When workers can't afford to self-isolate

Taxes:

triangleBillionaires avoid paying and even talking about tax! Take the wealth off the 1%

HM Revenue and Customs:

triangleHMRC: Divisive pay deal leads to expulsions

Anti-austerity:

triangleSwansea Socialist Party: The TUSC anti-austerity challenge in the Welsh parliament

News and socialist analysis

News and socialist analysis

26/2/21

Labour

Liverpool Labour meltdown - Fight for socialist policies

24/2/21

Schools

Johnson's 'road map' for schools: Act together to protect safety

24/2/21

Uber

Drivers win case - they are workers

24/2/21

Covid

Where's the road map to jobs and wages Boris?

24/2/21

Labour

Starmer's speech a return to New Labour

24/2/21

Covid

Garment workers and Covid: Dying for less than minimum wage

24/2/21

Privatisation

Social care: End privatisation and let workers decide how it's run

24/2/21

Vaccine

Vaccine algorithm can't solve capitalist inequality

23/2/21

Britain

The struggle needs an electoral arm

17/2/21

NHS

NHS white paper: no solution to failed Tory policies

17/2/21

Covid

Covid workplace safety

17/2/21

Independence

SNP's independence referendum 2 'roadmap'

17/2/21

Socialist Students

Strike back for free education

17/2/21

Abortion

Tory consultation on home-use abortion pills

17/2/21

Fire

Tory cladding money will not make us safe

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: [email protected]

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 079 8202 1969

East Mids: 077 3797 8057

London: 075 4018 9052

North East: 078 4114 4890

North West 079 5437 6096

South West: 077 5979 6478

Southern: 078 3368 1910

Wales: 079 3539 1947

West Mids: 024 7655 5620

Yorkshire: 077 0671 0041

ABOUT US

ARCHIVE

Alphabetical listing


February 2021

January 2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999