Austerity is, and always has been, a political choice. It is grossly unfair that children and pensioners are being pushed into poverty while billionaire wealth continues to grow.
The MPs and peers argue that an extreme wealth tax is essential, pointing out that billionaire wealth soared by almost 150 billion from 2020 to 2022 while revenue from wealth taxes stagnated.
They are urging the chancellor to implement a 2% tax on assets worth over 10 million, which they estimate could generate 24 billion each year.
Among the supporters of this initiative are former Labour leaders like Jeremy Corbyn and various representatives from other parties, highlighting a growing coalition for wealth redistribution.
Collection
[
|
...
]