A wealth tax is now the only answer to save the country
George Zambartas
Advisor to Contractors, Self-Employed, Company Directors, and Temporary Workers | Business Development Consultant in Accounting & Payroll, Specialist Consultant to Recruitment Agencies for Contractor Payroll Services.
The Guardian’s Polly Toynbee says a wealth tax is now the only solution to save the arts and all the other things “we regard as essential for civilisation.” Ms Toynbee cites a claim by Professor Arun Advani, one of a team of people working on an Institute for Fiscal Studies, who says a one-off windfall tax of 10% on all wealth would yield ￡1trn – enough to save every sector stricken by the coronavirus. She also points to Gus O’Donnell, the former head of the civil service and a long-time Treasury official, who said recently that the Conservatives have been presented with an opportunity to prove their promise for one nation Conservatism – only the Tories with a huge majority can push through reforms that would see earnings from wealth and work more evenly taxed.
The Guardian