UK millionaires group urges new PM Andy Burnham to raise wealth taxes

The progressive advocacy group Patriotic Millionaires, a coalition of high‑net‑worth individuals who support Democratic economic policies, issued a statement this week asserting that “wealth and power have been concentrated in a small group for too long.” Founded in 2010, the organization has long argued for higher taxes on the affluent, stronger antitrust enforcement, and expanded social‑program funding, positioning its members as “patriots” who see a more equitable distribution of resources as essential to national stability.

In the statement, the group highlighted recent data showing that the top 1 percent of earners now control roughly 30 percent of U.S. wealth, a share that has risen sharply since the 1970s. Members called for legislation such as a wealth tax, an increase in the corporate tax rate, and stricter regulation of financial markets, noting that similar measures have been adopted in several European nations with positive fiscal outcomes. The organization also pledged to mobilize its members to lobby Congress, fund political campaigns, and support grassroots efforts aimed at reducing economic disparity.

The Patriotic Millionaires’ remarks arrive amid heightened debate over tax reform and growing public concern about income inequality. Lawmakers from both parties have signaled interest in addressing the issue, though proposals remain divided along partisan lines. The group’s continued advocacy is expected to influence upcoming policy discussions as Congress prepares its budget agenda for the next fiscal year.