A Labour MP has said that his long term aim is for a society without any billionaires.
Lloyd Russell-Moyle has said that the country should "work for ordinary people" - not the hugely powerful minority of ultra-wealthy at the top.
Speaking to Emma Barnett on Radio 5Live the Labour MP said: "I don't think that anyone in this country should be a billionaire.
"I think we should have a system where everyone is able to live well and wealthy.”
The Kemptown and Peacehaven explained how it would work, adding: “I think you do it by enabling everyone to be very wealthy to be able to profit from the gains of their work and their labour and make sure the profits are reinvested into communities, not just sucked up by one or two people.
“There are some people who play by the rules and play very well, but there is a good proportion of people who don't and we know who they are.”
He also said that he supports Labour’s policy to get rid of all fee-paying private schools in the long-term.
Mr Russell-Moyle said: “We will remove I think their charitable status, and will make sure we look at integrating as many schools as we can into the state system.
"I think the first step is to make sure that schools that are running at businesses pay VAT and they're not charities. That's the focus.”
