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davidb15.bsky.social
•
4 days ago
And we wonder why Labour refuse to bring in a wealth tax 🤷
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utilitymonster2.bsky.social
•
4 days ago
Probably because cross-country evidence shows that wealth taxes don't work, and most have abandoned them.
Spain's wealth tax of up to 3.5% on assets over 3 million Euros raised a grand total of 632 million Euros a year (around £500 million).
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davidb15.bsky.social
•
4 days ago
And pushing the most vulnerable into poverty does work? This government is not what the Labour party is about, they are like the Tories in a different guise.
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csav55.bsky.social
•
4 days ago
That is not what's being planned.
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Spain's wealth tax of up to 3.5% on assets over 3 million Euros raised a grand total of 632 million Euros a year (around £500 million).