One-off 1% wealth tax proposed to cover costs of Covid-crisis in the U.K.
The Wealth Tax Commission, consisting of leading tax experts and economists from the London School of Economics and Warwick University, has released a report that recommends a one-time tax on households that hold assets in excess of £1 million ($1.34 million). The 1% wealth tax would be collected over a 5-year period and would raise up to £260 billion ($347 billion).
A wealth tax should be used to create a permanent UBI
“One off” uh huh. And 14 days to flatten the curve.
There is no legitimate crisis? Why not have 1% tax for any purpose? I am glad my ancestors had the good sense to leave Britain.
Dors this include the government... is BoJo also paying...
Irish companies don't pay much in taxes to yhe UK.
I love using the power of the majority to democratically take back from the richest people oppressing everyone else, as an anarchist I support this decision
The summary should start off "Coming soon to a democrat-run state near you." Democrats have never met a tax they didnt love.
A wealth tax is not an income tax. A wealth tax would force people to sell assets in order to pay the tax with cash. It’s just a veiled attempt at reappropriating personally owned resources.
They are fooling themselves if they believe it would only happen once.
They'll just move you F-ing idiots.....I certainly would. The place us nothing like it was anyways