Placards like these cost money - the record-breaking fighting fund raised in 2016 helped pay for them, credit: Paul Mattsson (uploaded 11/01/2017)
Placards like these cost money - the record-breaking fighting fund raised in 2016 helped pay for them, credit: Paul Mattsson (uploaded 11/01/2017)

Isai Priya, Socialist Party national treasurer

‘The Giving Pledge’ is a scheme set up by Bill Gates and Warren Buffett to encourage billionaires to make a financial contribution to solving the world’s problems. Apparently, the number of ‘philanthropic’ billionaires has increased.

Well, that’s only logical. The number of billionaires has also increased!

While the 99% of us are enduring cuts to our living standards, pay, and pensions, the super-rich have increased their wealth. Billionaire wealth has increased more since Covid began than in the previous 14 years. The UK’s richest 1% each has an average wealth of £3.6 million, while the bottom 10% has £15,400 or less.

Thank you to the super-rich for giving us a few of their crumbs, but we don’t have to rely on their charity to make ends meet. There is an alternative.

These billionaires haven’t got their billions through hard work and an equal system. No, it’s the rotten capitalist system that ensures the rich get richer through the exploitation of the working class.

In Britain alone, from 1980 to today, around £250 billion a year (in 2020 prices) has been transferred from the pockets of the working class to the capitalist class. Why should we pay?

The Socialist Party fights alongside local campaigners, students and the working class. We bring solidarity and support to workers in struggle.

We are campaigning for a new mass workers’ party with a socialist programme to end the miseries caused by capitalism. We fight for a socialist society. We boldly say – take the wealth of the 1% to fund our lives.

If you agree with us and have seen us in action, support us by donating today, get involved in our activities and campaigns, and join the Socialist Party. We have a quarterly fighting fund target of £25,000 to ensure that we have the resources we need to take our socialist ideas far and wide. This quarter will include a financial appeal at the Socialist Party national congress. If you are a Socialist Party member, your donation will be allocated to your branch target.