THE UK Government is being urged to make 2023 the year they levy a wealth tax against the super-rich and use the revenue to support those struggling amid the cost of living crisis.
The Scottish Greens have said it is “only right” that those with “frankly obscene levels of personal wealth” should be taxed so that “we can provide essential support to those who are struggling”.
And according to research from the Tax Justice Network, a 1% annual wealth tax on net assets over £10 million could raise nearly £10 billion a year while impacting just the richest 0.4% of the population.
