Photo by Negative Space on Pexels.com After the chancellor has spent a record amount supporting individuals and businesses through the coronavirus pandemic, he is now looking to fill the hole in the public finances, through increased taxation. Due to the high wealth gap in the UK, we have an extreme situation where the top 10% … Continue reading Will the UK Tax the Super Rich?
Tag: extreme wealth gap
US proposing Wealth Tax on Super Rich
The wealth gap (measuring the wealth of the richest 10% compared to the poorest 10%) has grown considerably in the US and the UK, and has been driven by rising asset prices rather than incomes. The tax system in the US and the UK has not reflected this change in wealth source and taxes have … Continue reading US proposing Wealth Tax on Super Rich
Rebel Economics 