‘Trickle down theory doesn’t work – the rich just keep it all for themselves’
Brian Eno says super wealthy should be happy to be taxed more
Friday, 28th March — By Frankie Lister-Fell

Brian Eno, Dale Vince, Julia Davies and other millionaires part of the campaign
BRIAN Eno joined fellow multi-millionaires outside the Houses of Parliament this week to demand more tax from the government.
The legendary musician was on a battle bus with the “Patriotic Millionaires” campaign last Tuesday. The wealthy group are calling on the government to introduce a 2 per cent tax on wealth above £10million. This could raise £460million a week for our country’s finances, they say.
Mr Eno was speaking to the Islington Tribune’s politics film channel Peeps.
“I don’t like the thought that half of the population are struggling and I don’t think there’s any need that they should be struggling,” he said.
“There are plenty of people that are quite well off, like me, that would be happy to share their money a little bit more than they do.”
Mr Eno added: “It’s obvious to me there’s a feedback loop involved in wealth where if you get a little bit rich you’re very likely to get richer.
“It works the other way round with poverty. There’s not the trickle-down theory that people used to believe in the 1970s and 1980s.”
Anti-war campaigner Mr Eno is celebrated for his ambient music and electronica and also producing music for artists including U2, Coldplay, Peter Gabriel and Damon Albarn.
A popular argument against taxing the mega-wealthy is that it would drive investors out of the United Kingdom.
Mr Eno said he doubted that would happen. “I don’t think that’s true. I think some people will leave as there are some people who are mean-minded, to the extent that they would rather live in some shit-hole country than pay an extra few thousand quid a year rent. So there are those people,” he said.
“Frankly I’d be bloody pleased if they f****d off and went and lived there – excuse my language – but rich people really piss me off a little bit because it’s so small-minded to think that the only thing that matters is the number you have in the bank.
“Don’t we love life because we love seeing everyone else enjoying it as well?”
Green industrialist Dale Vince, who was also on the bus, said he didn’t think the reforms would drive people away. He told Peeps: “Most people who live here like living here for a lot of reasons and it’s not because we’re a low-tax zone or something like that. I think if you don’t want to pay your fair share of taxes then you should go.”
He added that the tax they are calling on would have no impact on how they spend their lives day to day.
Mr Vince said: “It can’t make a difference. If you’ve got 10 mil in the bank, property, whatever it is, and you have to pay £100,000 tax, what do you go without?
“I think there’s an imbalance in our tax system. The more money you have the less tax you pay. I think that’s wrong. We have extreme poverty in our country.
“Our tax system was written by rich people for rich people.”
This single tax reform would affect only 20,000 people, or 0.04 per cent of the British population, and could deliver huge investment potential.
They say this is more than enough to tackle the £22billion black hole the government says it inherited from the Conservative government.
Julia Davies, an impact investor and entrepreneur, said: “Cuts are not the solution, they will only inflict more pain on people who have suffered years of austerity and hardship on top of creaking public services and infrastructure.
“The government can boost its budgets without taking a penny away from the public and vulnerable people, by increasing taxes on the super-rich.”
Seven out of 10 millionaires in the United Kingdom support higher taxes on the super-rich, the group said.
Chancellor Rachel Reeves has said she is prioritising “growth” in her economic plan. Her budgets have so far cut winter fuel allowance payments and disability benefits.
Interview sparks debate as 100k+ watch Eno interview on peeps online
Brian Eno at the group’s battle bus in central London last week
OUR interview with Brian Eno has been going viral on YouTube with sharp debate on whether he is right about the need for a wealth tax on the super rich.
Watched by more than 100,000 people, his comments led to rally cries of support from those who agree but scepticism from others who think the government would waste any extra revenue and that people should not be envious of those sitting on a fortune.
You can add your thoughts and join the debate by adding a comment underneath the interview. A full film of the group’s battle bus ride through central London will be available to watch later today (Friday) and you can also hear from Dale Vince, the green industrialist.
Peeps Online was set up to take the Trib’s spirit beyond the borough’s boundaries and investigate a range of political issues.
• MORE than 5,000 people are now subscribed to the Peeps Online film channel on YouTube – and you can join the debate too. It’s free and subscribing helps us grow the channel and work on more videos.
Find us at youtube.co.uk/@peepsonline