#TheSuperRich derive a large part of their income from investments.
It's not uncommon for #TheFTSE, #DowJones etc to fall by 1% or more in a single day.
The super rich accept this as par for the course.
But if the talk is of introducing a 1% #WealthTax on assets over £10m they go ballistic.
Why?

Professor explains how inheritance tax loophole crippled British farming Paul Cheshire says the tax loophole simply created "impoverished millionaires who claimed a need for more support".

I wish the Tories would put forward an alternative that stops #TheSuperRich buying farms to avoid #InheritanceTax. www.thelondoneconomic.com/news/profess...

Wife of jailed Azeri banker forfeits house near Harrods and Ascot golf club High spender Zamira Hajiyeva hands over assets as part of settlement worth £18.5m to taxpayers A mansion in Knightsbridge and a golf club in Ascot owned by the free-spending wife of the jailed Azeri banker Jahangir Hajiyev have been forfeited to the…

#NCANationalCrimeAgency #Crime #UKnews #Thesuperrich Wife of jailed Azeri banker forfeits house near Harrods and Ascot golf club: High spender Zamira Hajiyeva hands over assets as part of settlement worth £18.5m to taxpayers

A mansion in Knightsbridge and a golf club in Ascot owned by the…

#RachelReeves urged to crack down on wealthy tax avoiders Calls follow Guardian undercover investigation as chancellor poised to reveal £20bn hole in UK finances #RachelReeves is facing calls to crack down on #thesuperrich using offshore pension schemes to avoid multimillion pound inheritance and…

#RachelReeves urged to crack down on wealthy tax avoiders: Calls follow Guardian undercover investigation as chancellor poised to reveal £20bn hole in UK finances

#RachelReeves is facing calls to crack down on #thesuperrich using offshore pension schemes to avoid multimillion pound inheritance and…

The rich were led to believe they were different. Those days are numbered | Will Hutton Wealth is a privilege, and with it comes the obligation of paying tax to benefit society ‘Let me tell you about the very rich. They are different from you and me,” wrote F Scott Fitzgerald in 1925. “They think, deep in their hearts, that they are better…

#Taxandspending #Business #Thesuperrich #Politics The rich were led to believe they were different. Those days are numbered | Will Hutton: Wealth is a privilege, and with it comes the obligation of paying tax to benefit society

‘Let me tell you about the very rich. They are different from you and…

Things are not going to get better as long as oligarchs rule the roost in our democracies | George Monbiot If we want the kind of fair, functioning state Britain saw post-1945, we need to take on the economic powers that wrecked it We are about to return to normal politics. After 14 years of Tory corruption and misrule, a Labour government will put this…

#Thesuperrich #Generalelection2024 #Business #Inequality Things are not going to get better as long as oligarchs rule the roost in our democracies | George Monbiot: If we want the kind of fair, functioning state Britain saw post-1945, we need to take on the economic powers that wrecked it

We are…

International scheme to tax billionaires’ wealth technically feasible, study finds Proposal could net up to $250bn a year in extra revenue, says report commissioned by Brazil for G20 An international scheme to tax the wealth of the world’s 3,000 billionaires is technically feasible and could net up to $250bn (£197bn) a year in extra…

#Thesuperrich #Worldnews #Taxandspending #Politics International scheme to tax billionaires’ wealth technically feasible, study finds: Proposal could net up to $250bn a year in extra revenue, says report commissioned by Brazil for G20

An international scheme to tax the wealth of the world’s…