00:00In the UK, the number of super-rich people is increasing.
00:03At the same time, poverty is on the rise.
00:06However, some millionaires want to fight the growing wealth gap.
00:09We could easily pay more tax, and to be honest,
00:11we're not talking about something that would affect our standard of living at all.
00:14Stephen Kinsella is one of the patriotic millionaires,
00:17a group that advocates a wealth tax of 2%.
00:20It would raise about 24 billion pounds a year.
00:23That's a serious amount of money that this country could use
00:26to go into a whole range of essential services.
00:28Better and more affordable housing is just one example.
00:31High rents in particular are a driving force behind poverty.
00:35That's why the patriotic millionaires are pushing for the tax.
00:38However, the government is reluctant to burden the wealthy further.
00:42If we taxed everyone massively, then that would reduce economic growth,
00:46and that's not good for anyone.
00:48So we have to do it in a more sort of clever way, in a structured way.
00:52According to surveys, the public supports a wealth tax.
00:55Kinsella says the government should have the courage to take the step.
00:59It's really just not good to live in a society where you can see other people
01:04having a seriously hard time.
01:06I think the politicians need to start delivering on what the population wants,
01:11not what a very small number of influential people want.
01:14Thank you forward.
