Petition Implement a 2% wealth tax on individuals with net assets exceeding £10 million
Create an asset register and apply a 2% annual tax on individuals with net assets over £10 million. Introduce safeguards, like an exit tax to prevent assets being moved offshore. We think these measures, particularly for real estate, would help ensure the policy is fair and effective.
More details
The government should refrain from taxing income earned through work. We believe people across all income levels are struggling, from those on minimum wage to higher earners. We believe wealth held in static assets contributes little to economic growth and can widen the wealth gap. In our view, a targeted wealth tax offers a fair and effective solution.
32 signatures
Show on a map the geographical breakdown of signatures by constituency
10,000 signatures required to get a government response
At 10,000 signatures...
At 10,000 signatures, government will respond to this petition
At 100,000 signatures...
At 100,000 signatures, this petition will be considered for debate in Parliament