New Statesman - Why the rich should now be made to pay:
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"Philanthropy is clearly one of the main responsibilities of high earners, because they should give back to the society that has helped them realise their opportunities. In the US, top earners in effect pay a voluntary tax on their earnings, and large numbers accept the obligation. Some prominent figures have given away virtually their whole fortune, especially towards the end of their lives. There is not the same culture of philanthropy in this country, and despite the introduction of tax incentives, there is not yet the same level of tax breaks."
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