Introduce a wealth tax on people with a £50 million+ net worth
Introduce a wealth tax on anyone that has a net worth above £50million. We believe this would mean wealth cannot be transferred or avoided nearly as easily and could help reduce wealth inequality. Since COVID, the wealth of billionaires has risen.
Rachel Reeves
Chancellor
Similar motions
Implement a 2% wealth tax on individuals with net assets exceeding £10 million
Introduce a new 30% tax rate for income earnings between £50,271 - £100,000
Remove inheritance tax on all estates and their property worth under £1 million
Increase the Luxury Car Tax threshold to £50-55,000
Raise the income tax personal allowance from £12,570 to £20,000
Introduce a wealth tax on people with a £50 million+ net worth
Introduce a wealth tax on anyone that has a net worth above £50million. We believe this would mean wealth cannot be transferred or avoided nearly as easily and could help reduce wealth inequality. Since COVID, the wealth of billionaires has risen.
Similar motions
Implement a 2% wealth tax on individuals with net assets exceeding £10 million
Introduce a new 30% tax rate for income earnings between £50,271 - £100,000
Remove inheritance tax on all estates and their property worth under £1 million
Increase the Luxury Car Tax threshold to £50-55,000
Raise the income tax personal allowance from £12,570 to £20,000