Rejected petition Implement a wealth tax at 2% tax on wealth over £10 million

The government must aid the working class as many struggle with rent and bills. Covid saw the wealthy grow richer. Income is taxed, but wealth isn’t. A 2% tax on £10 million would take £200k from a £500k passive gain (5% savings). This could address inequality and help struggling citizens.

More details

The wealthy’s savings are increasingly financing household and government debt, rather than productive investments. This cycle perpetuates inequality as the rich benefit from interest payments while the lower classes struggle with debt. To address this, a wealth tax on the richest could fund income tax relief for working families, potentially boosting consumption and economic growth. This redistribution could help alleviate the financial squeeze on the middle class and help standards of living.

This petition was rejected

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

You are more likely to get action on this issue if you sign and share a single petition.

You may wish to sign this petition which calls for a similar action: https://petition.parliament.uk/petitions/721409

We only reject petitions that don’t meet the petition standards.

Date submitted 28 March 2025
Get petition data (json format)

About petition data

The data shows the number of people who have signed the petition by country as well as in the constituency of each Member of Parliament. This data is available for all petitions on the site. It is not a list of people who have signed the petition. The only name that is shared on the site is that of the petition creator.