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Comment by newdee | Hacker News Reader

People earning 90k aren’t “the rich” that are doing the most egregious tax avoidance. They’re still working class. They still have to work or face destitution.

The very top sliver who own the majority of the land and assets and who never need to work a day in their life are who must be looked at; that hereditary wealth needs to begin to find itself flowing into public services more and more.

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They are, I fear, the ones that pay this tax. The actual millionaires will surely figure out how to avoid it, just as they did with all the other ones.

Of course this will be an unpopular comment, but when it comes to things like this .. have you ever simply looked up the total net worth of all billionaires in the UK, and divided it by the total number of people living in the UK? Like .. you need to do one single division between two numbers to prove that your idea of just "seizing and redistributing the rich people's wealth" will accomplish nothing you think it will. A single division is all it takes.

At no point did I say “just”. You’re making a strawman.

Really? Because 50% of the UK wealth is in the hands of billionaires. So everyone in the country would suddenly be twice as wealthy (excluding the billionaires of course).

Perhaps you should check the facts before making statements like that!

In the times of AI it's really easy to verify the question above. I had literally just copied it to the chat and made a research (also asked to cite and manually verified the links).

So it says there are 57 billionaires in UK with total worth of £182 billion. Non-billionaire wealth is £10.13 trillion, btw, so it's definitively not 50%. UK population is 68.3 million people. So everyone gets their £11,311 and that's it.

UPDATE there are £772.8 billions if you include non-UK citizens, but happen to live here. If you seize their money as well that will give you the total of £11K

It’s a straw man cause you don’t have a windfall redistribution as only option

millionaires looking at billionaires: "really, I'm not that rich, more middle class really"

90k / year is not a millionaire, if it's pre-tax. With 35% tax (picked a random reasonable sounding number), it would take 17years to earn a million if you have 0 expenses.

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