We need a wealth tax, now
This is a short note about the news today that a record 4,500,000 children are living in poverty in the UK.
Just a reminder it is 2025 not 1825. We have a Labour government that seems more prepared to protect the wealth of the richest in the society (by choosing not to tax them more), than improve the lives millions of children in poverty.
As I’m writing this the Institute for Fiscal Studies is saying there’s a chance the Chancellor will have to raise taxes in the autumn.
This will be taxes on the wealthiest, who will still be wealthy when they’ve paid that extra 2% of tax on top of the £10 million of assets they hold, right Chancellor?