Funding the Future

Why are the wealthy so wealthy?


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In this third video in our series on the wealthy, I explore why the comfortably wealthy in the UK — those with £3 million or more — stay so rich. The short answer? The UK tax system is stacked in their favour. From low capital gains rates to massive ISA and pension subsidies, we’re handing the wealthy thousands each year while working people shoulder the load. I break down the  numbers, show how tax reliefs pour money into the pockets of the top 20%, and reveal why your taxes are effectively funding luxury lifestyles.

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Funding the FutureBy Richard Murphy