Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://secure.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

Coronavirus crisis - 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.
  • Our 'fighting coronavirus workers' charter', outlines a programme to combat the virus and protect workers' living conditions.
  • 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 click here to donate to our special coronavirus appeal.

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:

triangleThem & Us

triangleThem & Us

triangle'Fat Cat Friday' shows where all the money's gone

triangleTories out - we need socialism!

triangleSuper-rich flee to Monaco to evade Corbyn

Wealth:

triangleEnd health and wealth divide - Fight for our NHS

triangleThem & Us

triangleAristocrats are rich after all... and getting richer

Rich:

triangleNationalise to save jobs threatened by Covid-19 and downturn

triangleImmigration: For a system that meets the needs of the majority, not a rich elite

triangleThe rich fund the Tories and Blairites, so help fund the working-class fightback

Tax:

triangle30 years since the huge anti-poll tax demo... And how mass non-payment of the tax was built

triangleNewham campaign set up against council cuts and tax hikes

Poverty:

triangleAusterity kills

Inequality:

triangleBrilliant Korean film exposes class inequality

Capitalist:

triangleEnd of the Corbyn era

Economy:

triangleAs coronavirus crisis intensifies, class antagonisms deepen

Taxes:

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

HM Revenue and Customs:

triangleVital local strikes and a national pay ballot - vote for a fighting leadership

Anti-austerity:

triangleLabour Party leadership contest: Fight for a mass anti-austerity, workers' party with a socialist programme

News and socialist analysis

News and socialist analysis

6/4/20

Labour

End of the Corbyn era

1/4/20

Coronavirus

As coronavirus crisis intensifies, class antagonisms deepen

1/4/20

Coronavirus

NHS supply chain worker: privatisation has cut equipment quantity and quality

1/4/20

Coronavirus

NHS workers speak out: austerity has left us unprepared

1/4/20

Coronavirus

PPE, Tests, Full pay - for all now

1/4/20

Coronavirus

New laws: Unions must be on guard against attacks on workers' interests

1/4/20

Coronavirus

Labour must resist 'Covid coalition'

31/3/20

Coronavirus

Coronavirus news in brief

31/3/20

Coronavirus

Capitalism means empty shelves, food insecurity, and soaring profits - the case for a socialist alternative

30/3/20

Coronavirus

Schools: union oversight needed to end chaos in provision under coronavirus

25/3/20

Coronavirus

We need tests for all now! Nationalise production and research

25/3/20

Coronavirus

Coronavirus plunges capitalism into global turmoil

25/3/20

Coronavirus

Coronavirus crisis: Tests, full pay and funding - for all now

25/3/20

Coronavirus

Union independence must be maintained - a reply to the TUC

25/3/20

Coronavirus

State intervention shows what is possible

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: info@socialistparty.org.uk

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: 07748 534 891

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


April 2020

March 2020

February 2020

January 2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999