Seriously what am I missing here
‘Peter Hargreaves, who has an estimated fortune of £3bn’
‘Hargreaves said he paid about £40m in tax last year, and “if 50 of us [the biggest taxpayers] got on a plane and left, that would put a big hole in the chancellor’s budget”.’
So… if he has a worth of £3bn - what difference does it make if he pays £40 million or £80 million or £120 million? I’m missing the bit where I understand how it negatively effects the ultra rich, I get (don’t have any sympathy really but understand it) the bit about ‘oh I might be able to send Tabitha to private school’ or whatever, but I don’t understand the objections from the ultra wealthy
What do they actually lose in any real sense? Why do they care if they have 1 billion or 2 billion?