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British millionaires advocate higher taxes: a bold proposal to fund public services and boost invest

A group of British millionaires projected a message onto the Treasury and Bank of England buildings, calling for higher taxes on the wealthy.

They argue that instead of reducing taxes for the richest, the chancellor should raise taxes to help fund public services. Their proposal to introduce a 2% tax on assets over £10 million could generate £22 billion annually. The millionaires say this would cover the salaries of over 600,000 nurses per year. They believe such a tax could relieve financial pressure on working people and boost investments in the country.

A survey found three-quarters of Britons support this idea, and 68% of the wealthiest individuals in the country also favor implementing such a tax.

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