I rise to present a petition alongside a corresponding online petition, signed by more than 38,000 people, demanding action on wealth taxes. It is totally wrong that the wealthy get away with paying lower tax rates on their wealth than everybody else has to pay on the wages they earn from going out to work day in, day out. Scrapping that tax advantage could easily fund a proper pay rise for nurses, teachers and the other key workers who the Government were calling heroes not too long ago.
The petitioners therefore request
“that the House of Commons urge the Government to scrap this tax advantage for the wealthy and to instead tax wealth fairly therefore allowing for pay rises for public sector workers through the reallocation of funds.”
Following is the full text of the petition:
[The petition of residents of the United Kingdom,
Declares a fair tax system would ensure that those with the broadest shoulders pay the most; further declares that income from wealth is taxed at lower rates than regular income; further notes that simply equalising Capital Gains Tax rates with income tax rates would raise £17 billion per year that could easily fund an inflation-matching pay rise for the nurses, teachers, ambulance drivers and all public sector workers.
The petitioners therefore request that the House of Commons urge the Government to scrap this tax advantage for the wealthy and to instead tax wealth fairly therefore allowing for pay rises for public sector workers through the reallocation of funds.
And the petitioners remain, etc.]
[P002813]