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The case for Labour to introduce a wealth tax has never been stronger. 99% of us are paying, in total, 40% to 50% tax on our incomes, billionaires are paying 25% at most. 2% levy on fortunes above £100m could begin to reverse decades of rising inequality. But govts like to hit the poor.
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A 2% levy on fortunes above £100m – with no exemptions – could begin to reverse decades of rising inequality
www.theguardian.com
The case for Labour to introduce a wealth tax has never been stronger | Phillip Inman
Prem Sikka