French lower house votes through wealth tax.
A 2% minimum tax rate on the wealth of individuals whose net worth exceeds €100m.
It is not yet law.
UK needs to do similar to reduce inequalities. Instead govts penalise low/middle income families and make poor pay more for crumbling infrastructure.
A 2% minimum tax rate on the wealth of individuals whose net worth exceeds €100m.
It is not yet law.
UK needs to do similar to reduce inequalities. Instead govts penalise low/middle income families and make poor pay more for crumbling infrastructure.
Comments
All UK government spending is funded by creating new money, and never from taxation. All UK tax revenue is destroyed on receipt.
UK government spending and UK taxes have NO link. The Tories have proven this over the last 14 years.
https://www.taxresearch.org.uk/Blog/2023/03/14/money-creation/
This already partially happens in practice. It just needs to happen for everything that needs funding.
25% over £10m
50% over £100
75% over £1bn
The shame is that Labour won't abandon Neoliberalism.
Vive la Revolution Englais
"It is unlikely to be approved by the Sénat. The Finance Ministry has been preparing a much more limited tax."
That's just under the headline
If we don't tax the rich property they will eat us alive
What is stopping them! France has set a preference. We all want it. This is fecking exhausting!!!!
Mr Starmer. You have a majority of 343.
How are you going to be remembered?