“High tax could mean higher happiness - that’s why I’m happy to pay more.” - Stephen Kinsella, member of Patriotic Millionaires UK

“High tax could mean higher happiness — that’s why I’m happy to pay more.”
– Stephen Kinsella, member of Patriotic Millionaires UK

While the debate continues about whether a tiny wealth tax would scare away the UK’s richest, the reality is far less dramatic — and far more urgent.

A projected 0.3% of millionaires might consider leaving the country if a modest 2% wealth tax were introduced. Yet we’re facing the stark fact that 30% of NHS doctors are thinking about leaving this year.

So where’s the real crisis?

Stephen Kinsella, a lawyer and member of our growing network of high-net-worth individuals, is part of Patriotic Millionaires UK a community proud to pay and here to stay. He and hundreds of other millionaires across the UK are calling for fairer taxation — not because it’s easy, but because it’s necessary.

A 2% wealth tax on assets over £10m would affect just 20,000 people, that’s 0.04% of the UK population, and could raise more than £24 billion annually to invest in healthcare, housing, education, and a fairer future.

As the policy conversation heats up ahead of the spending review next week, let’s remember: many of us with wealth want to contribute more. Not out of guilt, but out of belief in a stronger, more equal society.

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