Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page:

From The Socialist newspaper, 14 April 2021

How to deal with the tax-dodging mega-rich? Nationalise!

Photos: reynermedia, Steve Jurvetson, Scott Lewis, all CC

Photos: reynermedia, Steve Jurvetson, Scott Lewis, all CC   (Click to enlarge)

Amy Sage, Bristol north Socialist Party

Global media company Forbes recently published its 'World's Billionaires List'. When compared with Unicef's prediction that 140 million children will fall below the poverty line as a result of the pandemic, the global inequality it reveals is beyond staggering.

While millions have been pushed into poverty and destitution, the likes of corporate bosses Jeff Bezos, Elon Musk and Mark Zuckerberg have seen their personal wealth surge over the past year - adding $5 trillion to their bulging pockets.

And it's not only the wealth of those existing billionaires that has expanded, the list itself has grown by nearly 500.

The capitalist media like to venerate these people, describing those such as anti-union Amazon boss Bezos as 'innovative' or as a 'good business man', while ignoring the fact that delivery drivers for his own company were being forced to urinate into plastic bottles because of pressure to meet deadlines.

What Forbes doesn't mention is the millions of workers who are exploited by these so-called 'self-made' billionaires in order to allow the latter to achieve their obscene levels of wealth, some of which are comparable to the wealth of entire countries!

Capitalist politicians, perhaps afraid that such stark inequality may spark anger among the working class, threatening their position, have responded with no more than token efforts to redistribute wealth.

US president Joe Biden, for instance, has proposed a global minimum tax which would end the '30-year race to the bottom on corporate tax rates' and help fund basic services and investment through increased tax revenues.

This proposal would be targeted at the largest and most profitable 100 companies in the world in an attempt to stop them from shifting their profits to low-tax countries, regardless of where their sales are actually made.

But even if a global tax rate were introduced, it would not be nearly enough to address the inequalities that have been highlighted and exacerbated by the coronavirus.

What we really need is these mega-corporations to be fully nationalised and brought under the democratic control of the working class, so that those who actually produce these enormous levels of wealth decide what should be done with it.

Just imagine what could be achieved for all if the wealth of the mega-rich on the Forbes' list was in our control!

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 14 April 2021:


'Covid passports' discriminatory and questionable - fight for workplace safety

Covid inquiry? Workers must decide


Tensions escalate in Northern Ireland

How to deal with the tax-dodging mega-rich? Nationalise!

NHS pay: reject Tories' miserly 1% 'offer' - Fight for full 15% rise

Amazon - union vote lost

Tory hypocrisy over housing benefit cut

US cops shoot dead another black man


Every voter in Wales has the opportunity to vote for TUSC

TUSC: Launching a working-class electoral alternative in London

London housing crisis: vote TUSC to fight back

Workplace news

PCS elections: Support the Broad Left Network for a democratic, fighting union leadership

St Mungo's maintenance workers on indefinite strike

Thousands of London bus workers strike across multiple companies

Rally for sacked RMT rep Declan

East London cleaners fight outsourcing and redundancies

Bristol Water workers walk out

SPS Technologies workers end strike after management backs down

Thurrock Council workers strike against pay cuts

Deliveroo workers strike and protest

Lessons from history

1920s-30s Britain: A working-class movement fighting unemployment and capitalism

Campaigns news

Youth under attack

Students in action: Protest on 21 April

Why you should join the Socialist Party

Cardiff: Hundreds protest to free Siyanda

Worcester: Kill the Bill

Fighting fund target smashed. Can we do it again?

Readers' opinion

The Socialist Inbox


Home   |   The Socialist 14 April 2021   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook

Related links:


triangleNo trust in billionaire owners - kick them out and reclaim the game

triangleRich pickings for private companies - peanuts for health workers

triangleWhy I'm standing for TUSC

triangleNot a budget for the working class!

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


triangleIs Biden offering a new 'New Deal'?

triangleColombia: Mass trade union-led protests force tax retreat

triangleFreeports spell deregulation, low pay and a new race to the bottom

triangleWould a wealth tax end poverty and inequality?


triangleNationalise Liberty Steel to save jobs

triangleFacebook v Australian government: nationalise the bosses' media!

triangleEast London Socialist Party: Nationalise big pharma!


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

triangleSuper-rich tax evasion costs 34 million nurses worldwide


triangleCovid 'vaccine wars' underline failure of capitalist nation states to deal with the global pandemic


triangleStop Israeli state brutality

News and socialist analysis

News and socialist analysis


Welsh Government

Welsh Labour holds on to government but new crises loom



Scotland: Pro-independence majority in highly polarised election



Hartlepool sums up Labour crisis



Fight the rotten establishment



New law ignores economic barriers to escaping domestic abuse



Cladding: Tories refuse to protect leaseholders again



Capitalist sleaze and cronyism


Local government

Can the 'Preston model' beat the cuts?



Hands off our NHS


Mental health

Covid, capitalism and mental health



Socialists and elections - a response to the SWP



What councils can do to protect the environment


Welfare state

Poverty increasing. Welfare state in crisis. Do we need a new Beveridge Report?


Post Office

39 'postmasters' cleared - now clear the rest



Vote TUSC to oppose sleazy capitalism

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



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: 078 0983 9793



Alphabetical listing

May 2021

April 2021

March 2021

February 2021

January 2021