Good Ancestor Movement

Today we’re excited to launch a new report: Risks of Extreme Wealth, in partnership with Patriotic Millionaires UK. Extreme wealth is a critical yet overlooked driver of severe and growing national and international inequality, yet the metrics and tools to adequately address the issue are lacking. As part of a new initiative to address this, we’ve jointly commissioned a report to explore the risks posed by extreme wealth. The report draws together existing research to outline the impact of extreme wealth on democracy, the media, law, the economy, social cohesion, equality and the environment. It also indicates that further research is required to assess the tipping point at which the harms of extreme wealth kick in, and advocates for the establishment of an 'extreme wealth line', equivalent to the poverty line, in order to galvanise political action and change the narrative on extreme wealth. The report was authored by Milly Shotter adapted from a literature review prepared by Dr Kojo Koram. Read the report here: https://lnkd.in/e68Jp9S2 #extremewealth #wealthinequality

We've just bought a bulk ticket for #UncharitableFestival2024! 🎉 If you haven't got a ticket and you're based in an organisation, consider buying a bulk ticket for live access AND recordings for your whole team. There's still time to book by contacting info@jmb-consulting.co.uk. Thank you Martha Awojobi and your team for creating a space that centres the need for #antiracism and anti-racist practice in the not-for-profit ecosystem. https://lnkd.in/eiXZxXap

We're super excited that our friends at Guerrilla Foundation are hosting their #Fliplanthropy series for philanthropic funders and others moving money in pursuit of social justice. We're looking forward to convening with colleagues across the ecosystem to flip the norms of philanthropic practice and ask ourselves what is required for #RadicalResourceRedistribution. Our founder Stephanie Brobbey will be kicking off the series on Wednesday 2 October at 4pm BST/5pm CET. Registration details for the event (and the whole series) can be found here: https://lnkd.in/evFViD7Z #Fliplanthropy #philanthropy #RadicalResouceRedistribution #funders https://lnkd.in/e8ZZZM8r

We're super excited that our friends at Guerrilla Foundation are hosting their #Fliplanthropy series for philanthropic funders and others moving money in pursuit of social justice. We're looking forward to convening with colleagues across the ecosystem to flip the norms of philanthropic practice and ask ourselves what is required for #RadicalResourceRedistribution. Our founder Stephanie Brobbey will be kicking off the series on Wednesday 2 October at 4pm BST/5pm CET. Registration details for the event (and the whole series) can be found here: https://lnkd.in/evFViD7Z #Fliplanthropy #philanthropy #RadicalResouceRedistribution #funders https://lnkd.in/e8ZZZM8r

According to The Equality Trust, since 1990, Billionaires in the UK have increased their wealth by over 1160%. Yesterday The Trussell Trust Trust announced they'd given out over 3.1 million food parcels, breaking 3 million for the first time.

"Abolishing the non-dom status is a good start to what we need – a systemic overhaul of how we think of wealth distribution." Not all non-doms are leaving the UK. #wealthredistribution

The stories of wealth holders choosing redistribution over accumulation continue to inspire our work and our community at Good Ancestor Movement https://lnkd.in/exNtZzpH #wealth #wealthredistribution

📣 3 IN 4 MILLIONAIRES SUPPORT HIGHER TAXES ON WEALTH 📣 260 millionaires have signed a new letter, directed at political leaders attending the World Economic Forum in Davos, saying they would be “Proud To Pay More” in taxes. This latest letter comes as a staggering new poll has revealed that support for higher taxes on wealth is popular with dollar millionaires from across G20 countries. The polling is part of the “Proud to Pay More” report, published alongside the letter, which profiles some of the world’s wealthiest people on why they support higher taxes on themselves. The survey, conducted by Survation on behalf of Patriotic Millionaires, polled over 2,300 respondents from G20 countries who hold more than $1 million in investable assets, excluding their homes - making them the richest five percent and higher. Key findings include the following: 👉 74 percent support higher taxes on wealth to help address the cost of living crisis and improve public services. 👉 75 percent support the introduction of a 2 percent wealth tax on billionaires, as proposed by the EU Tax Observatory in October 2023. 👉 58 percent support the introduction of a 2 percent wealth tax for people with more than  $10 million. 👉 72 percent think that extreme wealth helps buy political influence. 👉 54 percent think that extreme wealth is a threat to democracy.  This is an important development for our political representatives to reflect on in 2024 - the biggest election year in history as more than 60 countries representing half the world's population goes to the polls. Links to the report, letter and poll results in the comments section below. #wealth #wealthtax #tax