The very, very, rich are as, if not more difficult to pin down and tax as the Amabucks of this world. It was ever thus. Every rock megastar of the 70’s biog tells of them scarpering to LA or buying big houses in France when the then Labour gov. vowed to tax them ‘until the pips squeak’; which, they decided, would happen at 98% of their income. The top ten in the recent Sunday Times Rich List could, mob-handedly, comfortably fund the vaccination of all of Brazil and India, and that excludes, of course, the illegally rich. You can see the thrust of Lenin and Trotsky’s argument. Come the revolution…
“M&G boss: We want to be a top five player in the wealth market”
Here’s another brick in the ‘we’ve seen it all before’ wall. The mighty Pru once ruled the financial advice market, with armies of ‘Men from’ knocking on doors, selling insurance, savings plans and pensions and actually doing a lot of good for a lot of people.
