Published 1 month ago • loading... • Updated 30 days ago

The UK Doesn’t Need Any More Wealth Taxes

A leading economist warned that a wealth tax would be nearly impossible to implement due to significant administrative challenges, despite increasing public support for it.
Polling by YouGov indicates that 77% of people prefer increasing taxes on the richest instead of cuts to public spending.
Paul Johnson of the Institute for Fiscal Studies stated that while a 2% tax on net assets over £10 million could raise money, detailed administrative issues could make it costly.
Labour MP Nadia Whittome urged the government to listen to the public and ensure the richest pay their fair share in taxes amidst ongoing welfare cuts.

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Bloomberg

Lean Left

The UK Doesn’t Need Any More Wealth Taxes

The scope for adding more new taxes without doing significant damage seems narrow.

30 days ago·United States

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This Is Money

Lean Right

Gary Stevenson and campaigners want a wealth tax - would it work?

The group, which includes former trader Gary Stevenson, Green Party leader Carla Denyer, and Dale Vince, are calling on the Government to raise taxes on the super-rich.

1 month ago·United Kingdom

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