Impose wealth tax on richest people's assets to invest in ‘jobs, jobs, and jobs,’ Labour says
[Images Money/Creative Commons]
A WEALTH tax on the richest people to boost jobs and aid recovery from the coronavirus pandemic should be considered by the government, shadow chancellor Anneliese Dodds said today.
In her first major speech since she was appointed to the role in April she told the government “to not increase taxes or cut support for low and middle-income people” during the crisis.
She said that a “new settlement” was needed which taxes the assets of wealthy people rather than income in order to address the injustice of the poorest paying more tax proportionally than high earners.
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