'Poverty is exploding': Why these millionaires are asking to be taxed more

Do you think millionaires should pay more tax? Subscribe ► https://www.youtube.com/user/theguardian?sub_confirmation=1 On a cold and rainy day, outside the Houses of Parliament, the group Patriotic Millionaires gathered by a bus splashed with the words ‘Tax us, the super-rich’. Their campaign is aimed at getting the government to increase taxes for the super-rich ahead of the upcoming budget. “This is the only way to stop the cost of living crisis“ said economist and YouTuber @garyseconomics, who says the low tax burden on the wealthy is helping fuel the problem of growing inequality in the UK. “What I would like us to have is an honest and open conversation about how do you tax the rich more fairly in a way that is effective”, he says. The gap between the richest and poorest 10% in the UK is now the highest in the developed world, apart from the US, according to a report by the Fairness Foundation. Since 2020, at least one local public service or facility has been shut down every three days because of budget cuts, according to recently published research from Patriotic Millionaires obtained by freedom of information requests to councils across the UK “We are literally at the point where our services are starting to break down””said firefighter Gavin Lynch, who came to support the campaign. “So one of the most feasible ways of supporting our public services is by getting the rich to pay more because they've got broader shoulders.”