Richard Branson: World’s wealthiest ‘deserve heavy taxes’ if they fail to make capitalism more inclusive

Capitalism economic system leads to a greater disparity or inequality of wealth.
They want to lift the vast majority of people up and improve their standards of living.
Richard Branson, Bill Gates and Warren Buffett.
I am agree with Richard Branson. He thinks that wealthy people should be paid more taxes because not everyone’s income is same; Majority of people belongs to middle class, so they should be paid less taxes as they afford less than wealthy people. Also, he is in the favor of equality of wealth.
I don’t think that this would ever happen because people always say things about the welfare of society but they never implement on it.
I believe there is better economic system out there in Canada because it’s mixed economy and everyone has equal access to most of the things like medical services. But in capitalism economy only wealthy people get advantage and they makes more profit which leads to inequality of wealth.

Published by roopamsandhu