Implement a wealth tax at 2% tax on wealth over £10 million
The government must aid the working class as many struggle with rent and bills. Covid saw the wealthy grow richer. Income is taxed, but wealth isn’t. A 2% tax on £10 million would take £200k from a £500k passive gain (5% savings). This could address inequality and help struggling citizens.
Signatures
6
signatures
Government response threshold (10,000) · 6/10,000
Debate threshold (100,000) · 6/100,000
- 22 APR 2025Petition rejectedduplicate
You may wish to sign this petition which calls for a similar action: https://petition.parliament.uk/petitions/721409
- 28 MAR 2025Petition created
Background
The wealthy’s savings are increasingly financing household and government debt, rather than productive investments. This cycle perpetuates inequality as the rich benefit from interest payments while the lower classes struggle with debt. To address this, a wealth tax on the richest could fund income tax relief for working families, potentially boosting consumption and economic growth. This redistribution could help alleviate the financial squeeze on the middle class and help standards of living.