Comments by "Michael RCH" (@michaelrch) on "Channel 4 News" channel.

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  18.  @Dave-gn4yt  I left the UK a few years ago. I now pay higher tax than I would in the UK both from my work and from income from my company. And also from the value of my property. I pay income tax ON ALL MY INCOME at a rate of about 42% - no lower rate for dividends or capital gains. I pay for health insurance on top of that. I pay about 0.7% wealth tax every year. And it's worth every single penny. The public services are excellent. The transportation system, both in my city and around the country, is world class. The public facilities like swimming pools and sports grounds are either free or cost next to nothing to use. And no one is on the streets. And I mean no one. The reason for this is that rich people here, understand that they have a responsibility to their communities. They cannot just get rich and let the rest of their country go hungry. Paying taxes is still seen as a patriotic thing to do here. So yeah, I'm a millionaire and I advocate for higher taxes on the rich. In the UK they would work wonders given how little tax the rich currently pay, and how much unearned wealth they have accumulated. Just remember this. During COVID the government spent about £600 billion to keep the economy afloat. That is £10,000 per person. So if you arent £10,000 richer than before then someone else has your £10,000, and I can tell you who that it. It's the 1% who own your house, or who own your mortgage or who own the company that you work for, or the company your pay your energy and shopping bills to etc That's why the number of billionaires shot up during COVID. It was an absolutely bonanza for the very rich.
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